IGO's fiscal 2026 underlying net profit after tax of AUD 109 million was back in the black, following an AUD 173 million loss last year. The result was supported by higher spodumene prices at Greenbushes, with an average realized price of USD 1,400 per metric ton, from USD 780 in fiscal 2025.
As the lowest-cost spodumene operation in the world, Greenbushes should earn returns above WACC in most lithium price environments.
Lithium prices may fall below our midcycle assumption if electric vehicle demand grows more slowly than expected.
|
Metric
|
IGO
|
ALB
|
MIN
|
|---|---|---|---|
Price/Earnings (Normalized) | 54.35 | 17.57 | 12.95 |
Price/Book Value | 2.15 | 1.54 | 2.26 |
Price/Sales | 10.79 | 2.26 | 1.54 |
Price/Cash Flow | 36.58 | 10.10 | 4.76 |
|
Metric
|
IGO
|
ALB
|
MIN
|
|---|---|---|---|
Quick Ratio | 4.77 | 1.25 | 1.26 |
Current Ratio | 5.46 | 2.09 | 1.61 |
Interest Coverage | 15.96 | 1.99 | 2.88 |
|
Metric
|
IGO
|
ALB
|
MIN
|
|---|---|---|---|
Return on Assets (Normalized) | 4.61% | 5.06% | 6.71% |
Return on Equity (Normalized) | 5.12% | 10.70% | 21.82% |
Return on Invested Capital (Normalized) | 4.89% | 7.34% | 8.04% |
|
1-Day Chart
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Price
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Morningstar Rating for Stocks
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