Ivanhoe Electric (IE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ivanhoe Electric

NYSE American•Basic Materials•Copper

$9.48+0.54(0.06%)After hours

Market Cap

$1.51B

P/S

498.2x

P/B

2.9x

Ivanhoe Electric Inc. engages in exploration and development of minerals in the United States, Canada, and China. It primarily explores copper, gold, silver, nickel, cobalt, and platinum group elements deposits. The company's flagship projects are the Santa Cruz Project, a copper exploration project that comprises 6,000 acres on private land and associated water rights located in Arizona. Ivanhoe Electric Inc. was incorporated in 2020 and is headquartered in Tempe, Arizona.

How this company scores

AverageMetricSide Score: 44/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Cash & Earnings Quality (6/25).

Profitability14/25

Growth9/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality6/25

Strengths

Long cash runwayInterest easily coveredProfit converts from growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 498.2x5y range 123.2x – 707.3x

Currently above its 14-quarter median.

P/B · 2.9x5y range 2.2x – 8.1x

Currently near its 17-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $1.51B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.02M
Q. Revenue: $724,000
TTM EBITDA: $17.00M
TTM Op. Income: $14.34M
Q. Op. Income: $-21.48M
TTM Net Income: $-30.80M
Q. Net Income: $-24.65M
EPS: $0.16
Shares Out.: $158.35M

$3.02M in TTM revenue declined 20.6% YoY, reaching $724,000 last quarter. TTM EBITDA of $17.00M and TTM operating income of $14.34M show growth is flowing through to the bottom line. However, net income is negative at $30.80M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 21% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 50.8%
EBITDA Margin: -2897.4%
Op. Margin: -2966.9%
Net Margin: -3405.0%

Op. margin of -2966.9% is down 566.6% YoY — costs are rising relative to revenue. Net margin at -3405.0% and gross margin of 50.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 24% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 498.2x
P/B Ratio: 2.9x

P/S of 498.2x and P/B of 2.9x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $584.82M
Cash: $256.88M
Long-Term Debt: N/A
Book Value: $525.82M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-19.96M
TTM Free Cash Flow: $-116.47M
FCF Margin: -3852.8%
FCF / Net Income: 3.8

TTM FCF of $-116.47M on $-19.96M in operating cash flow. The FCF / Net Income ratio of 3.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 9% — an improving trend.