INDEPENDENCE GOLD CORP(TSX-V:IGO) stock Fundamental Analysis

Fundamental Rating

Overall IGO gets a fundamental rating of 1 out of 10. We evaluated IGO against 822 industry peers in the Metals & Mining industry. While IGO seems to be doing ok healthwise, there are quite some concerns on its profitability. IGO is valued expensive and it does not seem to be growing.

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1. Profitability

1.1 Basic Checks

IGO had negative earnings in the past year.

In the past year IGO has reported a negative cash flow from operations.

In the past 5 years IGO always reported negative net income.

IGO had a negative operating cash flow in each of the past 5 years.

1.2 Ratios

With a Return On Assets value of -84.24%, IGO is not doing good in the industry: 71.15% of the companies in the same industry are doing better.

IGO has a worse Return On Equity (-93.26%) than 63.88% of its industry peers.

		Industry Rank	Sector Rank
ROA	-84.24%
ROE	-93.26%
ROIC	N/A

ROA(3y)-69.26%

ROA(5y)-45.71%

ROE(3y)-77.89%

ROE(5y)-51.25%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for IGO so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The number of shares outstanding for IGO has been increased compared to 1 year ago.

Compared to 5 years ago, IGO has more shares outstanding

The debt/assets ratio for IGO has been reduced compared to a year ago.

2.2 Solvency

IGO has an Altman-Z score of 25.59. This indicates that IGO is financially healthy and has little risk of bankruptcy at the moment.

IGO's Altman-Z score of 25.59 is amongst the best of the industry. IGO outperforms 84.85% of its industry peers.

IGO has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.

The Debt to Equity ratio of IGO (0.04) is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.04
Debt/FCF	N/A
Altman-Z	25.59

ROIC/WACCN/A

WACCN/A

2.3 Liquidity

A Current Ratio of 3.35 indicates that IGO has no problem at all paying its short term obligations.

IGO has a Current ratio of 3.35. This is in the better half of the industry: IGO outperforms 67.76% of its industry peers.

IGO has a Quick Ratio of 3.35. This indicates that IGO is financially healthy and has no problem in meeting its short term obligations.

With a decent Quick ratio value of 3.35, IGO is doing good in the industry, outperforming 69.21% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	3.35
Quick Ratio	3.35

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

IGO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -43.33%.

EPS 1Y (TTM)-43.33%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-41.18%

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%N/A

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for IGO. In the last year negative earnings were reported.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A

4.2 Price Multiples

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	N/A

4.3 Compensation for Growth

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2YN/A

EPS Next 3YN/A

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5. Dividend

5.1 Amount

IGO does not give a dividend.

		Industry Rank	Sector Rank
Dividend Yield	N/A

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INDEPENDENCE GOLD CORP

TSX-V:IGO (3/7/2025, 7:00:00 PM)

0.16

-0.01 (-5.88%)

Chartmill FA Rating

GICS SectorMaterials

GICS IndustryGroupMaterials

GICS IndustryMetals & Mining

Earnings (Last)N/A N/A

Earnings (Next)N/A N/A

Inst OwnersN/A

Inst Owner ChangeN/A

Ins Owners3.17%

Ins Owner ChangeN/A

Market Cap35.95M

Analysts86.67

Price TargetN/A

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	N/A

Yearly DividendN/A

Dividend Growth(5Y)N/A

DPN/A

Div Incr Years0

Div Non Decr Years0

Ex-DateN/A

Surprises & Revisions

EPS beat(2)N/A

Avg EPS beat(2)N/A

Min EPS beat(2)N/A

Max EPS beat(2)N/A

EPS beat(4)N/A

Avg EPS beat(4)N/A

Min EPS beat(4)N/A

Max EPS beat(4)N/A

EPS beat(8)N/A

Avg EPS beat(8)N/A

EPS beat(12)N/A

Avg EPS beat(12)N/A

EPS beat(16)N/A

Avg EPS beat(16)N/A

Revenue beat(2)N/A

Avg Revenue beat(2)N/A

Min Revenue beat(2)N/A

Max Revenue beat(2)N/A

Revenue beat(4)N/A

Avg Revenue beat(4)N/A

Min Revenue beat(4)N/A

Max Revenue beat(4)N/A

Revenue beat(8)N/A

Avg Revenue beat(8)N/A

Revenue beat(12)N/A

Avg Revenue beat(12)N/A

Revenue beat(16)N/A

Avg Revenue beat(16)N/A

PT rev (1m)N/A

PT rev (3m)N/A

EPS NQ rev (1m)N/A

EPS NQ rev (3m)N/A

EPS NY rev (1m)N/A

EPS NY rev (3m)N/A

Revenue NQ rev (1m)N/A

Revenue NQ rev (3m)N/A

Revenue NY rev (1m)N/A

Revenue NY rev (3m)N/A

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	N/A
P/S	N/A
P/FCF	N/A
P/OCF	N/A
P/B	6.86
P/tB	6.86
EV/EBITDA	N/A

EPS(TTM)-0.03

EYN/A

EPS(NY)N/A

Fwd EYN/A

FCF(TTM)-0.02

FCFYN/A

OCF(TTM)-0.02

OCFYN/A

SpS0

BVpS0.02

TBVpS0.02

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-84.24%
ROE	-93.26%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	N/A
GM	N/A
FCFM	N/A

ROA(3y)-69.26%

ROA(5y)-45.71%

ROE(3y)-77.89%

ROE(5y)-51.25%

ROIC(3y)N/A

ROIC(5y)N/A

ROICexc(3y)N/A

ROICexc(5y)N/A

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)N/A

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

F-Score5

Asset Turnover0

Health

		Industry Rank	Sector Rank
Debt/Equity	0.04
Debt/FCF	N/A
Debt/EBITDA	N/A
Cap/Depr	N/A
Cap/Sales	N/A
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	N/A
Current Ratio	3.35
Quick Ratio	3.35
Altman-Z	25.59

F-Score5

WACCN/A

ROIC/WACCN/A

Cap/Depr(3y)N/A

Cap/Depr(5y)N/A

Cap/Sales(3y)N/A

Cap/Sales(5y)N/A

Profit Quality(3y)N/A

Profit Quality(5y)N/A

High Growth Momentum

Growth

EPS 1Y (TTM)-43.33%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%-41.18%

EPS Next YN/A

EPS Next 2YN/A

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%N/A

Revenue Next YearN/A

Revenue Next 2YN/A

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1Y-78.78%

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-103.56%

FCF growth 3YN/A

FCF growth 5YN/A

OCF growth 1Y-103.25%

OCF growth 3YN/A

OCF growth 5YN/A

INDEPENDENCE GOLD CORP (IGO.CA) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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