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IGO Valuation Multiples
Discover revenue and EBITDA valuation multiples for IGO and similar public comparables like Liontown, Evolution Metals & Technologies, Energy Fuels, K92 Mining and more.
IGO Overview
About IGO
IGO is a mining and exploration company based in Western Australia. Its primary asset is a minority stake in the Greenbushes lithium mine through a joint venture with Tianqi Lithium Corporation and Albemarle. Greenbushes is the world’s lowest-cost hard rock lithium resource. IGO also has interest in downstream processing through a 49% stake in the Kwinana lithium hydroxide refinery. Outside of lithium, IGO owns and operates the Nova nickel-copper-cobalt mine, which has a short remaining life.
Founded
2000
HQ
Employees
155
Website
Sectors
Financials (LTM)
EV
$5B
IGO Financials
IGO reported last 12-month revenue of $318M and EBITDA of $196M.
In the same LTM period, IGO generated $80M in gross profit, $196M in EBITDA, and $78M in net income.
Revenue (LTM)
IGO P&L
In the most recent fiscal year, IGO reported revenue of $368M and EBITDA of ($23M).
IGO expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $318M | XXX | $368M | XXX | XXX | XXX |
| Gross Profit | $80M | XXX | $368M | XXX | XXX | XXX |
| Gross Margin | 25% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $196M | XXX | ($23M) | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | (6%) | XXX | XXX | XXX |
| EBIT Margin | (5%) | XXX | (49%) | XXX | XXX | XXX |
| Net Profit | $78M | XXX | ($113M) | XXX | XXX | XXX |
| Net Margin | 24% | XXX | (31%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
IGO Stock Performance
IGO has current market cap of $5B, and enterprise value of $5B.
Market Cap Evolution
IGO's stock price is $6.62.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $5B | 0.0% | XXX | XXX | XXX | $-0.15 |
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Start Free TrialIGO Valuation Multiples
IGO trades at 14.9x EV/Revenue multiple, and 24.1x EV/EBITDA.
EV / Revenue (LTM)
IGO Financial Valuation Multiples
As of April 19, 2026, IGO has market cap of $5B and EV of $5B.
Equity research analysts estimate IGO's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
IGO has a P/E ratio of 64.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 14.9x | XXX | 12.9x | XXX | XXX | XXX |
| EV/EBITDA | 24.1x | XXX | (203.7x) | XXX | XXX | XXX |
| EV/EBIT | (316.3x) | XXX | (26.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 58.9x | XXX | 12.9x | XXX | XXX | XXX |
| P/E | 64.4x | XXX | (44.4x) | XXX | XXX | XXX |
| EV/FCF | 48.3x | XXX | 175.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified IGO Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
IGO Margins & Growth Rates
IGO's revenue in the last 12 month declined by (61%).
IGO's revenue per employee in the last FY averaged $2.4M, while opex per employee averaged $4.2M for the same period.
IGO's rule of 40 is 106% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IGO's rule of X is 42% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
IGO Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (61%) | XXX | (15%) | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | (6%) | XXX | XXX | XXX |
| EBITDA Growth | 60% | XXX | (1178%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 106% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $4.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 176% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
IGO Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IGO | XXX | XXX | XXX | XXX | XXX | XXX |
| Liontown | XXX | XXX | XXX | XXX | XXX | XXX |
| Evolution Metals & Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Energy Fuels | XXX | XXX | XXX | XXX | XXX | XXX |
| K92 Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Erdemir | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
IGO M&A Activity
IGO acquired XXX companies to date.
Last acquisition by IGO was on XXXXXXXX, XXXXX. IGO acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by IGO
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIGO Investment Activity
IGO invested in XXX companies to date.
IGO made its latest investment on XXXXXXXX, XXXXX. IGO invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by IGO
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout IGO
| When was IGO founded? | IGO was founded in 2000. |
| Where is IGO headquartered? | IGO is headquartered in Australia. |
| How many employees does IGO have? | As of today, IGO has over 155 employees. |
| Who is the CEO of IGO? | IGO's CEO is Ivan Vella. |
| Is IGO publicly listed? | Yes, IGO is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of IGO? | IGO trades under IGO ticker. |
| When did IGO go public? | IGO went public in 2002. |
| Who are competitors of IGO? | IGO main competitors are Liontown, Evolution Metals & Technologies, Energy Fuels, K92 Mining. |
| What is the current market cap of IGO? | IGO's current market cap is $5B. |
| What is the current revenue of IGO? | IGO's last 12 months revenue is $318M. |
| What is the current revenue growth of IGO? | IGO revenue growth (NTM/LTM) is (61%). |
| What is the current EV/Revenue multiple of IGO? | Current revenue multiple of IGO is 14.9x. |
| Is IGO profitable? | Yes, IGO is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of IGO? | IGO's last 12 months EBITDA is $196M. |
| What is IGO's EBITDA margin? | IGO's last 12 months EBITDA margin is 62%. |
| What is the current EV/EBITDA multiple of IGO? | Current EBITDA multiple of IGO is 24.1x. |
| What is the current FCF of IGO? | IGO's last 12 months FCF is $98M. |
| What is IGO's FCF margin? | IGO's last 12 months FCF margin is 31%. |
| What is the current EV/FCF multiple of IGO? | Current FCF multiple of IGO is 48.3x. |
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