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Ivanhoe Mines Ltd
TSX:IVN

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Ivanhoe Mines Ltd
TSX:IVN
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Price: 11.795 CAD -3.87% Market Closed
Market Cap: CA$16.8B

EV/EBIT

142.6
Current
101%
More Expensive
vs 3-y average of 70.9

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
142.6
=
Enterprise Value
CA$21.7B
/
EBIT
$87.2m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
142.6
=
Enterprise Value
CA$21.7B
/
EBIT
$87.2m

Valuation Scenarios

Ivanhoe Mines Ltd is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (70.9), the stock would be worth CA$5.87 (50% downside from current price).

Statistics
Positive Scenarios
0/3
Maximum Downside
-91%
Maximum Upside
No Upside Scenarios
Average Downside
77%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 142.6 CA$11.8
0%
3-Year Average 70.9 CA$5.87
-50%
Industry Average 13.3 CA$1.1
-91%
Country Average 14.5 CA$1.2
-90%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
CA$21.7B
/
Jan 2026
$87.2m
=
142.6
Current
CA$21.7B
/
Dec 2026
$261.8m
=
82.8
Forward
CA$21.7B
/
Dec 2027
$365.7m
=
59.3
Forward
CA$21.7B
/
Dec 2028
$600.7m
=
36.1
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CA
Ivanhoe Mines Ltd
TSX:IVN
17.5B CAD 142.6 47.3
AU
BHP Group Ltd
ASX:BHP
284.5B AUD 9.4 19.4
AU
Rio Tinto Ltd
ASX:RIO
279.2B AUD 11.4 19.7
UK
Rio Tinto PLC
LSE:RIO
120.6B GBP 10.4 16
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.6T MXN 10.4 17.7
CH
Glencore PLC
LSE:GLEN
66.1B GBP 36.8 241
SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR 25.9 33.9
CN
CMOC Group Ltd
SSE:603993
414.2B CNY 9.6 20.4
UK
Anglo American PLC
LSE:AAL
44.5B GBP 16.8 -15.7
CN
China Molybdenum Co Ltd
OTC:CMCLF
51B USD 8.1 17.3
ZA
African Rainbow Minerals Ltd
JSE:ARI
45.4B ZAR -74.8 35.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Ivanhoe Mines Ltd
TSX:IVN
Average EV/EBIT: 28.1
142.6
90%
1.6
AU
BHP Group Ltd
ASX:BHP
9.4
6%
1.6
AU
Rio Tinto Ltd
ASX:RIO
11.4
9%
1.3
UK
Rio Tinto PLC
LSE:RIO
10.4
8%
1.3
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
10.4
7%
1.5
CH
Glencore PLC
LSE:GLEN
36.8
51%
0.7
SA
Saudi Arabian Mining Company SJSC
SAU:1211
25.9
4%
6.5
CN
CMOC Group Ltd
SSE:603993
9.6
N/A N/A
UK
Anglo American PLC
LSE:AAL
16.8
23%
0.7
CN
C
China Molybdenum Co Ltd
OTC:CMCLF
8.1
N/A N/A
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
Negative Multiple: -74.8 N/A N/A

Market Distribution

Higher than 96% of companies in Canada
Percentile
96th
Based on 1 813 companies
96th percentile
142.6
Low
0 — 10.6
Typical Range
10.6 — 20.6
High
20.6 —
Distribution Statistics
Canada
Min 0
30th Percentile 10.6
Median 14.5
70th Percentile 20.6
Max 3 794.4

Ivanhoe Mines Ltd
Glance View

Market Cap
16.8B CAD
Industry
Metals & Mining

Ivanhoe Mines Ltd., a dynamic player in the global mining landscape, is predominantly known for its strategic focus on developing and exploring mineral properties in Africa. The company's flagship asset, the Kamoa-Kakula Project in the Democratic Republic of Congo (DRC), has swiftly garnered attention as one of the most significant copper discoveries in recent decades. This massive project is co-owned with the Congolese government and Chinese mining company Zijin Mining Group, creating a formidable alliance that promises not only substantial copper output but also a sustainable development model. The mine's proximity to critical infrastructure, such as hydroelectric power facilities, underscores its operational efficiency and potential for environmentally conscious mining practices. In addition to its copper interests, Ivanhoe Mines also holds substantial stakes in two other major mining ventures: the Platreef Project in South Africa, focusing on platinum-group metals, and the Kipushi Project in the DRC, renowned for its exceptional zinc deposits. Ivanhoe’s diversified portfolio strategically positions the company to benefit from various metals, each serving essential roles in the global economy—from electronics to automotive manufacturing. The company's revenue model hinges on producing and selling these valuable resources on the global market, complemented by strategic partnerships that enhance capital and operational capacity. By steadily advancing these high-quality resource projects, Ivanhoe Mines not only crafts a tale of growth and resilience but also contributes significantly to regional economic development where its operations are based.

IVN Intrinsic Value
9.099 CAD
Overvaluation 23%
Intrinsic Value
Price CA$11.795
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