` Comparison: IGO, RIO - Alpha Spread

IGO
vs
RIO

Over the past 12 months, IGO has significantly outperformed RIO, delivering a return of +51% compared to the RIO's +21% growth.

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IGO
RIO
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Valuation Comparison

IGO Intrinsic Value
2.05 AUD
Overvaluation 73%
Intrinsic Value
Price
RIO Intrinsic Value
11 406.19 GBX
Undervaluation 49%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
IGO Ltd
ASX:IGO
7.63 AUD
Rio Tinto PLC
LSE:RIO
5 772 GBX
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
IGO, RIO

IGO
RIO
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
IGO Ltd
Revenue
Rio Tinto PLC
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
IGO, RIO

IGO
RIO
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
IGO Ltd
ASX:IGO
Rio Tinto PLC
LSE:RIO
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What is Free Cash Flow?

Gross Margin

IGO
46.3%
RIO
0%
LTM 3Y Avg 5Y Avg 10Y Avg
IGO Ltd
Rio Tinto PLC

Operating Margin

IGO
-54.1%
RIO
25.8%
LTM 3Y Avg 5Y Avg 10Y Avg
IGO Ltd
Rio Tinto PLC

Net Margin

IGO
-180.9%
RIO
19.1%
LTM 3Y Avg 5Y Avg 10Y Avg
IGO Ltd
Rio Tinto PLC

FCF Margin

IGO
7.1%
RIO
9.6%
LTM 3Y Avg 5Y Avg 10Y Avg
IGO Ltd
Rio Tinto PLC

ROE

IGO
-34.8%
RIO
18.1%
LTM 3Y Avg 5Y Avg 10Y Avg
IGO Ltd
Rio Tinto PLC

ROA

IGO
-31.6%
RIO
9.2%
LTM 3Y Avg 5Y Avg 10Y Avg
IGO Ltd
Rio Tinto PLC

ROIC

IGO
-10.2%
RIO
9.7%
LTM 3Y Avg 5Y Avg 10Y Avg
IGO Ltd
Rio Tinto PLC

ROCE

IGO
-9.8%
RIO
14.1%
LTM 3Y Avg 5Y Avg 10Y Avg
IGO Ltd
Rio Tinto PLC

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
IGO, RIO

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Performance Gap
IGO, RIO

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IGO
RIO
Difference
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Performance By Year
IGO, RIO

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IGO
RIO
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