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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 highest-quality 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.
2000
155
LTM Revenue $325M
LTM EBITDA -$1.5M
$2.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
IGO has a last 12-month revenue (LTM) of $325M and a last 12-month EBITDA of -$1.5M.
In the most recent fiscal year, IGO achieved revenue of $329M and an EBITDA of -$521M.
IGO expects next 12-month revenue of XXX and NTM EBITDA of XXX
See IGO valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $325M | XXX | $329M | XXX | XXX | XXX |
| Gross Profit | $29.0M | XXX | $329M | XXX | XXX | XXX |
| Gross Margin | 9% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | -$1.5M | XXX | -$521M | XXX | XXX | XXX |
| EBITDA Margin | 0% | XXX | -158% | XXX | XXX | XXX |
| EBIT | -$158M | XXX | -$251M | XXX | XXX | XXX |
| EBIT Margin | -49% | XXX | -76% | XXX | XXX | XXX |
| Net Profit | -$92.2M | XXX | -$613M | XXX | XXX | XXX |
| Net Margin | -28% | XXX | -186% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of September 5, 2025, IGO's stock price is AUD 5 (or $3).
IGO has current market cap of AUD 3.6B (or $2.3B), and EV of AUD 3.3B (or $2.1B).
See IGO trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.1B | $2.3B | XXX | XXX | XXX | XXX | $-0.12 |
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Start Free TrialAs of September 5, 2025, IGO has market cap of $2.3B and EV of $2.1B.
IGO's trades at 4.9x EV/Revenue multiple, and -9.9x EV/EBITDA.
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 -25.2x.
See valuation multiples for IGO and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.3B | XXX | $2.3B | XXX | XXX | XXX |
| EV (current) | $2.1B | XXX | $2.1B | XXX | XXX | XXX |
| EV/Revenue | 6.5x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBITDA | -1436.3x | XXX | -9.9x | XXX | XXX | XXX |
| EV/EBIT | -13.4x | XXX | -8.1x | XXX | XXX | XXX |
| EV/Gross Profit | 73.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | -25.2x | XXX | -7.6x | XXX | XXX | XXX |
| EV/FCF | 76.5x | XXX | 9.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialIGO's last 12 month revenue growth is -30%
IGO's revenue per employee in the last FY averaged $2.1M, while opex per employee averaged $3.7M for the same period.
IGO's rule of 40 is -80% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IGO's rule of X is -76% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for IGO and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -30% | XXX | -38% | XXX | XXX | XXX |
| EBITDA Margin | 0% | XXX | -50% | XXX | XXX | XXX |
| EBITDA Growth | -6536% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -80% | XXX | -80% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | -76% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $2.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $3.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 176% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| AMG Critical Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| ArcelorMittal | XXX | XXX | XXX | XXX | XXX | XXX |
| B2Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| Equinox Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| New Gold | 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 acquired XXX companies to date.
Last acquisition by IGO was XXXXXXXX, XXXXX XXXXX XXXXXX . IGO acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| 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 155 employees. |
| Who is the CEO of IGO? | IGO's CEO is Mr. Ivan Vella. |
| Is IGO publicy listed? | Yes, IGO is a public company listed on ASX. |
| 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? | Similar companies to IGO include e.g. AMG Critical Materials, ArcelorMittal, B2Gold, Equinox Gold. |
| What is the current market cap of IGO? | IGO's current market cap is $2.3B |
| What is the current revenue of IGO? | IGO's last 12 months revenue is $325M. |
| What is the current revenue growth of IGO? | IGO revenue growth (NTM/LTM) is -30%. |
| What is the current EV/Revenue multiple of IGO? | Current revenue multiple of IGO is 6.5x. |
| 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 -$1.5M. |
| What is IGO's EBITDA margin? | IGO's last 12 months EBITDA margin is 0%. |
| What is the current EV/EBITDA multiple of IGO? | Current EBITDA multiple of IGO is -1436.3x. |
| What is the current FCF of IGO? | IGO's last 12 months FCF is $27.7M. |
| What is IGO's FCF margin? | IGO's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of IGO? | Current FCF multiple of IGO is 76.5x. |
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