IGO Limited
IGO.AXBasic MaterialsASXOther Industrial Metals & Mining
Scan Results
Daily timeframeIGO Limited, together with its subsidiaries, discovers, develops, and delivers battery minerals in Australia. The $7.31B market capitalization puts IGO.AX squarely in mid-cap range for its industry. It operates through Nova Operation, Forrestania Operation, Cosmos Project, Lithium Business, and Growth segments.
Market Cap
$7.31B
Beta
0.55
P/E (TTM)
—
P/E (Fwd)
14.17
EPS (TTM)
$-0.27
EPS (Fwd)
$0.68
ROE
-9.5%
ROA
-4.5%
Cash
$411.0M
Total Debt
$21.0M
Free CF
$169.3M
52W Change
141.2%
Annual Financials
Cash vs Debt
IGO Limited holds $411.0M in cash against $21.0M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Annual free cash flow of $169.3M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at -9.5%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has pulled back from $845.2M (2022) to $512.5M (2025), a 39% decline worth watching.
The relatively low beta of 0.55 suggests IGO.AX is a less volatile holding compared to the broader index. With cash comfortably exceeding debt, IGO.AX has financial flexibility that may help navigate uncertain periods. No single metric tells the full story. Reviewing IGO.AX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.