IXR Relative Valuation - Ionic Rare Earths Ltd

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Price: 0.28 AUD -5.08% Market Closed

Market Cap: AU$63.3m

	Ionic Rare Earths Ltd ASX:IXR	AU
C	Central Global Bhd KLSE:CGB	MY

Multiples-Based Value

The Multiples-Based Value of one IXR stock under the Base Case scenario is 0.35 AUD. Compared to the current market price of 0.28 AUD, Ionic Rare Earths Ltd is Undervalued by 19%.

Multiples-Based Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is relative valuation?

How is Multiples-Based Value calculated?

IXR Multiples-Based Value

Base Case

Undervaluation 19%

Multiples-Based Value

Price AU$0.28

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
AU		Ionic Rare Earths Ltd ASX:IXR	63m AUD	76.9	-5.8	-4.1	-4.1
RU	P	Polyus PJSC LSE:PLZL	70.4T USD	11 233.1	34 959.7	19 286.2	22 132.2
ZA	G	Gold Fields Ltd JSE:GFI	690.4B ZAR	4.7	11.5	7	8.3
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	165.2B ZAR	2	10.2	5.1	6.2
CN		Zijin Mining Group Co Ltd SSE:601899	861.8B CNY	2.5	16.8	12.3	12.3
US		Newmont Corporation NYSE:NEM	128.7B USD	5.7	18.2	9.4	11.5
CA		Agnico Eagle Mines Ltd TSX:AEM	145.4B CAD	9.1	24.4	13.3	16.8
CA		Barrick Gold Corp TSX:ABX	96.5B CAD	4.3	14.5	7.1	8.7
CA		Barrick Mining Corp F:ABR0	59.4B EUR	4.2	14.4	7	8.7
CA		Wheaton Precious Metals Corp TSX:WPM	85.8B CAD	27.6	43.4	33.2	39.6
HK	Z	Zijin Gold International Co Ltd HKEX:2259	471.3B HKD	11.2	37.6	18.2	21

				Revenue Growth	P/S to Growth
AU		Ionic Rare Earths Ltd ASX:IXR	Average P/S: 1 034.7 76.9	N/A	N/A
RU	P	Polyus PJSC LSE:PLZL	11 233.1	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	4.7	13%	0.4
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	2	22%	0.1
CN		Zijin Mining Group Co Ltd SSE:601899	2.5	15%	0.2
US		Newmont Corporation NYSE:NEM	5.7	10%	0.6
CA		Agnico Eagle Mines Ltd TSX:AEM	9.1	11%	0.8
CA		Barrick Gold Corp TSX:ABX	4.3	15%	0.3
CA		Barrick Mining Corp F:ABR0	4.2	15%	0.3
CA		Wheaton Precious Metals Corp TSX:WPM	27.6	19%	1.5
HK	Z	Zijin Gold International Co Ltd HKEX:2259	11.2	36%	0.3

				Earnings Growth	PEG
AU		Ionic Rare Earths Ltd ASX:IXR	Average P/E: 3 515.1 Negative Multiple: -5.8	N/A	N/A
RU	P	Polyus PJSC LSE:PLZL	34 959.7	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	11.5	14%	0.8
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	10.2	51%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	16.8	N/A	N/A
US		Newmont Corporation NYSE:NEM	18.2	16%	1.1
CA		Agnico Eagle Mines Ltd TSX:AEM	24.4	13%	1.9
CA		Barrick Gold Corp TSX:ABX	14.5	17%	0.9
CA		Barrick Mining Corp F:ABR0	14.4	17%	0.8
CA		Wheaton Precious Metals Corp TSX:WPM	43.4	4%	10.8
HK	Z	Zijin Gold International Co Ltd HKEX:2259	37.6	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
AU		Ionic Rare Earths Ltd ASX:IXR	Average EV/EBITDA: 1 939.9 Negative Multiple: -4.1	N/A	N/A
RU	P	Polyus PJSC LSE:PLZL	19 286.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	7	16%	0.4
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	5.1	34%	0.1
CN		Zijin Mining Group Co Ltd SSE:601899	12.3	N/A	N/A
US		Newmont Corporation NYSE:NEM	9.4	11%	0.9
CA		Agnico Eagle Mines Ltd TSX:AEM	13.3	14%	1
CA		Barrick Gold Corp TSX:ABX	7.1	21%	0.3
CA		Barrick Mining Corp F:ABR0	7	21%	0.3
CA		Wheaton Precious Metals Corp TSX:WPM	33.2	7%	4.7
HK	Z	Zijin Gold International Co Ltd HKEX:2259	18.2	N/A	N/A

				EBIT Growth	EV/EBIT to Growth
AU		Ionic Rare Earths Ltd ASX:IXR	Average EV/EBIT: 2 226.5 Negative Multiple: -4.1	N/A	N/A
RU	P	Polyus PJSC LSE:PLZL	22 132.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	8.3	11%	0.8
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	6.2	37%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	12.3	N/A	N/A
US		Newmont Corporation NYSE:NEM	11.5	17%	0.7
CA		Agnico Eagle Mines Ltd TSX:AEM	16.8	17%	1
CA		Barrick Gold Corp TSX:ABX	8.7	23%	0.4
CA		Barrick Mining Corp F:ABR0	8.7	23%	0.4
CA		Wheaton Precious Metals Corp TSX:WPM	39.6	11%	3.6
HK	Z	Zijin Gold International Co Ltd HKEX:2259	21	N/A	N/A

Ionic Rare Earths Ltd
ASX:IXR

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

IXR Competitors Multiples
Ionic Rare Earths Ltd Competitors

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Ionic Rare Earths Ltd ASX:IXR

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

IXR Competitors Multiples Ionic Rare Earths Ltd Competitors

See Also

Company

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Stocks

Ionic Rare Earths Ltd
ASX:IXR

IXR Competitors Multiples
Ionic Rare Earths Ltd Competitors