# Imperial Metals Corporation (III.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Basic Materials / Metals & Mining. Price C$9.31, market value C$1.7 billion.

## Valuation
- **P/E (trailing): 15.8×** (5-yr avg 7.0×, 3-yr avg 7.0×). Imperial Metals Corporation trades at 15.8× trailing earnings, well above its own five-year average of 7.0×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 133.0×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 3.60**. A PEG of 3.60 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 2.5×**. Each dollar of revenue is priced at 2.5×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.6×**. Enterprise value is 5.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 4.6%** (5-yr avg -29.0%). Free cash flow equals 4.6% of the market value, above its five-year average of -29.0%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 6.3%**. The inverse of the P/E: 6.3% of the price is earned each year.

## Profitability
- **Gross margin: 35.1%**. Imperial Metals Corporation keeps 35.1% of revenue after the direct cost of what it sells.
- **Operating margin: 31.6%**. 31.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 22.2%**. 22.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 15.0%**. 15.0% on shareholders' equity is solid.
- **Return on invested capital: 10.2%**. Return on all capital, debt included, is 10.2%.
- **Return on assets: 6.0%**. Each dollar of assets produces 6.0% of profit.

## Growth
- **Revenue growth (1 yr): 39.9%** (3-yr 58.8%/yr, 5-yr 36.1%/yr). Revenue grew 39.9% over the last year, against 36.1% a year compounded over five years.
- **EPS growth (1 yr): 36.9%**. Earnings per share rose 36.9%, roughly in step with revenue.

## Financial health
- **Debt to equity: 0.17**. Debt is 0.17 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.4×**. It would take 0.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 12.0×**. Operating profit covers interest 12.0× over, a safe margin.
- **Current ratio: 0.59** (quick 0.26). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 2.91**. A Z-score of 2.91 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Imperial Metals Corporation does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 81.8%** (YTD -6.9%, 3-mo 52.1%). The shares are up 81.8% over twelve months including dividends.
- **From 52-week high: -33.5%** (83.6% above the low). Trading 34% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): 2.59** (volatility 62%). Beta of 2.59 against the S&P/TSX Composite: the shares move much more than the market.

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

Not investment advice.