P/S

13.3
Current
95%
More Expensive
vs 3-y average of 6.8

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
13.3
=
Market Cap
€6.6B
/
Revenue
AU$437.9m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
13.3
=
Market Cap
€6.6B
/
Revenue
AU$437.9m

Valuation Scenarios

IGO Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (6.8), the stock would be worth €2.5 (49% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-69%
Maximum Upside
+6%
Average Downside
36%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 13.3 €4.87
0%
3-Year Average 6.8 €2.5
-49%
5-Year Average 9.1 €3.32
-32%
Industry Average 14.1 €5.16
+6%
Country Average 4.1 €1.49
-69%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€6.6B
/
Jan 2026
AU$437.9m
=
13.3
Current
€6.6B
/
Jun 2026
AU$449.4m
=
14.6
Forward
€6.6B
/
Jun 2027
AU$111.8m
=
58.6
Forward
€6.6B
/
Jun 2028
AU$1m
=
6485.5
Forward
€6.6B
/
Jun 2029
AU$14.8m
=
441.5
Forward
€6.6B
/
Jun 2030
AU$104.5m
=
62.7
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
AU
IGO Ltd
SWB:IDZ
5.6B EUR 13.3 -28.2
AU
BHP Group Ltd
ASX:BHP
272.8B AUD 3.7 19.2
AU
Rio Tinto Ltd
ASX:RIO
271.8B AUD 3.4 19.9
UK
Rio Tinto PLC
LSE:RIO
119.4B GBP 2.7 15.8
CH
Glencore PLC
LSE:GLEN
66.7B GBP 0.4 241.8
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.5T MXN 4.7 17
SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR 6.5 33.9
CN
CMOC Group Ltd
SSE:603993
398.4B CNY 1.9 19.6
UK
Anglo American PLC
LSE:AAL
42.3B GBP 3 -14.9
CN
China Molybdenum Co Ltd
OTC:CMCLF
47.1B USD 1.6 15.9
ZA
African Rainbow Minerals Ltd
JSE:ARI
43B ZAR 3.1 33.3
P/E Multiple
Earnings Growth PEG
AU
IGO Ltd
SWB:IDZ
Average P/E: 46.3
Negative Multiple: -28.2
N/A N/A
AU
BHP Group Ltd
ASX:BHP
19.2
11%
1.7
AU
Rio Tinto Ltd
ASX:RIO
19.9
13%
1.5
UK
Rio Tinto PLC
LSE:RIO
15.8
11%
1.4
CH
Glencore PLC
LSE:GLEN
241.8
161%
1.5
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
17
3%
5.7
SA
Saudi Arabian Mining Company SJSC
SAU:1211
33.9
10%
3.4
CN
CMOC Group Ltd
SSE:603993
19.6
23%
0.9
UK
Anglo American PLC
LSE:AAL
Negative Multiple: -14.9 N/A N/A
CN
C
China Molybdenum Co Ltd
OTC:CMCLF
15.9
24%
0.7
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
33.3
156%
0.2

Market Distribution

In line with most companies in Australia
Percentile
66th
Based on 2 057 companies
66th percentile
8.4
Low
0 — 1.7
Typical Range
1.7 — 11.8
High
11.8 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.7
Median 4.1
70th Percentile 11.8
Max 1 679 509.2

IGO Ltd
Glance View

IGO Ltd, an Australian-based company, has carved a distinct niche for itself in the mining and exploration industry. Journeying beyond the typical iron ore and coal sectors that Australia is known for, IGO has embraced the metals essential to modern technology and renewable energy. Their strategic focus is primarily on nickel, copper, and cobalt—critical components for batteries and electronic devices. The company's operations are centered around several prominent projects, such as the Nova Nickel-Copper-Cobalt operation in Western Australia, which represents a cornerstone of their production. Through these projects, IGO harnesses its expertise in mineral exploration and extraction, working to ensure a steady supply of materials indispensable to the burgeoning demand for electric vehicles (EVs) and renewable energy solutions. The essence of IGO's business model is its integrated approach, which encompasses exploration, production, and development, ensuring a seamless pipeline from the discovery phase to market delivery. This is complemented by its forward-thinking environmental, social, and governance (ESG) practices, as IGO consistently looks to minimize its environmental footprint and engage positively with local communities. Their revenue streams are robustly anchored in the global market's demand for high-quality metals, tapping into partnerships and sales agreements with key players in the global supply chain of modern technology. By aligning its growth trajectory with the global shift towards cleaner energy and sustainable practices, IGO positions itself as a vital player in the ongoing "green metals" narrative, contributing not just to its bottom line but also to broader societal transformations.

IDZ Intrinsic Value
1.165 EUR
Overvaluation 76%
Intrinsic Value
Price €4.866
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