# Ivanhoe Electric Inc. (IE.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Basic Materials / Mining & Metals. Price C$10.85, market value C$1.7 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Ivanhoe Electric Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 572.8×**. Each dollar of revenue is priced at 572.8×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.3×**. The shares trade at 2.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 93.8×**. Enterprise value is 93.8× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -6.7%** (5-yr avg -11.5%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 58.7%**. Ivanhoe Electric Inc. keeps 58.7% of revenue after the direct cost of what it sells.
- **Operating margin: 474.5%**. 474.5% of revenue is left after running the business, an exceptional level.
- **Return on equity: -25.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 4.1%**. Return on all capital, debt included, is 4.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -7.1%**. Each dollar of assets produces -7.1% of profit.

## Growth
- **Revenue growth (1 yr): 11.8%** (3-yr -27.3%/yr). Revenue grew 11.8% over the last year.
- **EPS growth (1 yr): -26.2%** (3-yr -25.5%/yr). Earnings per share fell 26.2%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.09**. Debt is 0.09 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Ivanhoe Electric Inc. holds more cash than debt.
- **Current ratio: 3.34** (quick 3.34). Current assets cover the next year's liabilities 3.34 times.
- **Altman Z-score: 17.96**. A Z-score of 17.96 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Ivanhoe Electric Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (3 analysts). 3 analysts cover Ivanhoe Electric Inc.; the consensus is buy, with an average price target of C$29.17 (+169% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -45.8%** (YTD -51.1%, 3-mo -14.2%). The shares are down 45.8% over twelve months including dividends.
- **From 52-week high: -62.3%** (4.2% above the low). Trading 62% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 3.66** (volatility 82%). Beta of 3.66 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IE.TO · Page: https://foliofundamentals.com/stocks/ie.to

Not investment advice.