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IGO

ASX:IGO · AU000000IGO4
Metals & MiningSmall

360

24
EV / EBIT34
Price / Owner Earnings100
Owner Earnings Yield1
Dividend Yield57
Price/Sales3
EV / Gross Profit26
Price/Book34
Return on Capital17
Cash Return on Capital53
Return on Equity29
EBIT Margin9
Gross Profitability44
Accruals91
Owner Earnings Margin43
Sales growth4
Profit growth52
Reinvestment59
Price momentum80
Debt load91
Refinancing44
Debt Payback1
Liquidity4
Analyst ratings12
Opinion Changes50
Price Target Upside6
Market mood4
Value Creation2/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

IGO doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryAustralia
IndustryMetals & Mining
SizeSmall
TypePublic Company
ExchangeASX
Founded2000
Employees331
Websiteigo.com.au/site/content
ISINAU000000IGO4
Last UpdateApr 2, 2026
Indices
ASX 100 (Australia)ASX 200 (Australia)ASX 300 (Australia)
Themes
Energy StorageMining TechnologyLithiumPrecious Metals

Description

IGO Limited (IGO) operates as a mining and exploration company primarily focused on the extraction and production of nickel, copper, and cobalt. Business Segments The company operates through the Nova Operation, Forrestania Operation, Cosmos Projec…

Analysis

Hope premium

IGO Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

Valuation data is not available for this company.

Growth is moderate; the safety picture is adequate. The company scores 2/20 on our value-creation score: not creating value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
8
2023202420252026

All-time high

71

Jan 2023

All-time low

4

Jan 2025

Average rank

26

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
3
1
1
1
Price/Earnings
15
3
58
7
Price/Book
34
52
29
22
Dividend Yield
57
26
52
62
Value (overall)
23
11
29
37

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →