IGO LIMITED (IGO)
Share Price Analysis and Chart

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IGO - IGO LIMITED

FNArena Sector : Nickel
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

IGO Ltd, formerly known as Independence Group, is an Australian exploration and mining company operating in Western Australia and the Northern Territory. It has been a listed company since 2002.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.58

30 Nov
2023

0.050

OPEN

$8.57

0.59%

HIGH

$8.62

11,959,789

LOW

$8.39

TARGET
$11.778 37.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ARL . CTM . LEG . NIC . PAN . POS . QPM . SRL . WIN .
FNARENA'S MARKET CONSENSUS FORECASTS
IGO: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 72.5 125.3 xxx
DPS (cps) xxx 74.0 25.6 xxx
EPS Growth xxx 65.9% 72.7% xxx
DPS Growth xxx 100.0% - 65.4% xxx
PE Ratio xxx N/A 6.7 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 102.1% 20.5% xxx

Dividend yield today if purchased 3 years ago: 15.26%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.87

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 13/09 - ex-div 60c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx72.5
DPS All xxxxxxxxxxxxxxx74.0
Sales/Revenue xxxxxxxxxxxxxxx1,049.9 M
Book Value Per Share xxxxxxxxxxxxxxx501.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,387.0 M
Net Profit Margin xxxxxxxxxxxxxxx52.30 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx15.20 %
Return on Invested Capital xxxxxxxxxxxxxxx13.39 %
Return on Assets xxxxxxxxxxxxxxx11.46 %
Return on Equity xxxxxxxxxxxxxxx15.20 %
Return on Total Capital xxxxxxxxxxxxxxx3.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx905.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx208 M
Long Term Debt xxxxxxxxxxxxxxx225 M
Total Debt xxxxxxxxxxxxxxx432 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx838 M
Price To Book Value xxxxxxxxxxxxxxx3.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx338.4 M
Capex % of Sales xxxxxxxxxxxxxxx32.23 %
Cost of Goods Sold xxxxxxxxxxxxxxx847 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx63 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,447 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

31/10/2023

3

Neutral/High Risk

$13.00

51.52%

As reported in yesterday's Report, Citi analysts have balanced their own forecast of higher lithium pricing in Q1 from likely restocking against the prediction things could get worse first for IGO in the current December quarter.

Within this framework they've decided to downgrade to Neutral from Buy. They also have assigned a High Risk rating. Target $13.

Citi analysts are less sanguine than management about the Greenbushes JV, arguing current issues and uncertainties are most likely highlighting counterparty risk and challenges of working with a partner in a JV.

FORECAST
Citi forecasts a full year FY24 dividend of 24.00 cents and EPS of 115.30 cents.
Citi forecasts a full year FY25 dividend of 22.00 cents and EPS of 97.20 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >

IGO STOCK CHART

FNArena News on IGO

1
Australian Broker Call *Extra* Edition – Nov 28, 2023

Nov 28 2023 - Daily Market Reports
2
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
3
Material Matters: Iron Ore; Copper; Zinc; Lithium

Nov 22 2023 - Commodities
4
Australian Broker Call *Extra* Edition – Nov 22, 2023

Nov 22 2023 - Daily Market Reports
5
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus

Latest Nickel News

1
Nickel Industries: Potential & Risks

May 18 2023 - Small Caps
2
Investors Remain Attached To IGO’s Lithium Story

Nov 03 2022 - Australia
3
You Go Where IGO

Mar 08 2022 - Technicals
4
Nickel Mines’ Bumper Quarter Well Received

Jan 27 2021 - Australia
5
Odysseus Holds The Key To Western Areas

Nov 02 2020 - Australia
6
Nickel Mines An Emerging Force

Oct 21 2020 - Small Caps
7
Nickel Mines Poised For Price Recovery

Jul 10 2020 - Small Caps
8
SPONSORED: Galileo, Next Fraser Range Nickel Success Story?

Mar 04 2020 - FYI
9
IGO Dependent On Exploration Success

Feb 03 2020 - Australia
10
Independence Day?

Oct 29 2019 - Technicals