Ivanhoe Mines Ltd. (IVN) - Net Assets
Based on the latest financial reports, Ivanhoe Mines Ltd. (IVN) has net assets worth CA$5.62 Billion CAD (≈ $4.06 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$7.38 Billion ≈ $5.34 Billion USD) and total liabilities (CA$1.76 Billion ≈ $1.28 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore IVN asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$5.62 Billion |
| % of Total Assets | 76.1% |
| Annual Growth Rate | 26.71% |
| 5-Year Change | 106.96% |
| 10-Year Change | 394.03% |
| Growth Volatility | 203.45 |
Ivanhoe Mines Ltd. - Net Assets Trend (2007–2024)
This chart illustrates how Ivanhoe Mines Ltd.'s net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see IVN stock market capitalisation.
Annual Net Assets for Ivanhoe Mines Ltd. (2007–2024)
The table below shows the annual net assets of Ivanhoe Mines Ltd. from 2007 to 2024. Explore IVN cash flow metrics to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.84 Billion ≈ $3.50 Billion |
+35.04% |
| 2023-12-31 | CA$3.58 Billion ≈ $2.59 Billion |
+26.04% |
| 2022-12-31 | CA$2.84 Billion ≈ $2.06 Billion |
+19.53% |
| 2021-12-31 | CA$2.38 Billion ≈ $1.72 Billion |
+1.73% |
| 2020-12-31 | CA$2.34 Billion ≈ $1.69 Billion |
-1.12% |
| 2019-12-31 | CA$2.36 Billion ≈ $1.71 Billion |
+29.91% |
| 2018-12-31 | CA$1.82 Billion ≈ $1.32 Billion |
+50.13% |
| 2017-12-31 | CA$1.21 Billion ≈ $876.37 Million |
+26.69% |
| 2016-12-31 | CA$956.26 Million ≈ $691.75 Million |
-2.31% |
| 2015-12-31 | CA$978.82 Million ≈ $708.07 Million |
+383.60% |
| 2014-12-31 | CA$202.40 Million ≈ $146.42 Million |
-10.93% |
| 2013-12-31 | CA$227.24 Million ≈ $164.38 Million |
-62.73% |
| 2012-12-31 | CA$609.70 Million ≈ $441.05 Million |
+105.10% |
| 2011-12-31 | CA$297.28 Million ≈ $215.05 Million |
+796.83% |
| 2010-12-31 | CA$33.15 Million ≈ $23.98 Million |
-48.60% |
| 2009-12-31 | CA$64.49 Million ≈ $46.65 Million |
+34.29% |
| 2008-12-31 | CA$48.02 Million ≈ $34.74 Million |
-44.38% |
| 2007-12-31 | CA$86.34 Million ≈ $62.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ivanhoe Mines Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 119933452300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.05 Billion | 20.99% |
| Common Stock | CA$3.86 Billion | 77.34% |
| Other Comprehensive Income | CA$-69.84 Million | -1.40% |
| Other Components | CA$153.06 Million | 3.07% |
| Total Equity | CA$4.99 Billion | 100.00% |
Ivanhoe Mines Ltd. Competitors by Market Cap
The table below lists competitors of Ivanhoe Mines Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jack Henry & Associates Inc
NASDAQ:JKHY
|
$11.12 Billion |
|
Summit Therapeutics PLC
NASDAQ:SMMT
|
$11.14 Billion |
|
Pinnacle West Capital Corp
NYSE:PNW
|
$11.14 Billion |
|
TELECOM ITALIA ADR 1
F:TQIA
|
$11.15 Billion |
|
COVESTRO AG SP.ADR 1/2
F:1CO1
|
$11.11 Billion |
|
Service Corporation International
NYSE:SCI
|
$11.11 Billion |
|
Covestro AG
XETRA:1COV
|
$11.10 Billion |
|
Swiss Prime Site AG
SW:SPSN
|
$11.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ivanhoe Mines Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,698,478,000 to 4,989,200,000, a change of 1,290,722,000 (34.9%).
- Net income of 228,135,000 contributed positively to equity growth.
- Share repurchases of 3,495,000 reduced equity.
- Other comprehensive income decreased equity by 11,071,000.
- Other factors increased equity by 1,077,153,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$228.13 Million | +4.57% |
| Share Repurchases | CA$3.50 Million | -0.07% |
| Other Comprehensive Income | CA$-11.07 Million | -0.22% |
| Other Changes | CA$1.08 Billion | +21.59% |
| Total Change | CA$- | 34.90% |
Book Value vs Market Value Analysis
This analysis compares Ivanhoe Mines Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.96x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 84.30x to 2.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CA$0.13 | CA$10.82 | x |
| 2009-12-31 | CA$0.15 | CA$10.82 | x |
| 2010-12-31 | CA$0.09 | CA$10.82 | x |
| 2011-12-31 | CA$0.56 | CA$10.82 | x |
| 2012-12-31 | CA$1.30 | CA$10.82 | x |
| 2013-12-31 | CA$0.58 | CA$10.82 | x |
| 2014-12-31 | CA$0.50 | CA$10.82 | x |
| 2015-12-31 | CA$1.45 | CA$10.82 | x |
| 2016-12-31 | CA$1.40 | CA$10.82 | x |
| 2017-12-31 | CA$1.58 | CA$10.82 | x |
| 2018-12-31 | CA$2.18 | CA$10.82 | x |
| 2019-12-31 | CA$2.23 | CA$10.82 | x |
| 2020-12-31 | CA$2.03 | CA$10.82 | x |
| 2021-12-31 | CA$2.04 | CA$10.82 | x |
| 2022-12-31 | CA$2.39 | CA$10.82 | x |
| 2023-12-31 | CA$3.00 | CA$10.82 | x |
| 2024-12-31 | CA$3.66 | CA$10.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ivanhoe Mines Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 558.91%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.15x
- Recent ROE (4.57%) is above the historical average (-25.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -70.68% | 0.00% | 0.00x | 1.11x | CA$-38.74 Million |
| 2009 | -56.86% | -2355.87% | 0.02x | 1.25x | CA$-37.04 Million |
| 2010 | -149.47% | 0.00% | 0.00x | 1.18x | CA$-54.72 Million |
| 2011 | -52.32% | 0.00% | 0.00x | 2.71x | CA$-144.67 Million |
| 2012 | -29.32% | 0.00% | 0.00x | 1.28x | CA$-222.63 Million |
| 2013 | -116.81% | 0.00% | 0.00x | 0.91x | CA$-401.32 Million |
| 2014 | -69.22% | 0.00% | 0.00x | 0.78x | CA$-256.36 Million |
| 2015 | 63.43% | 0.00% | 0.00x | 0.93x | CA$586.12 Million |
| 2016 | -2.96% | 0.00% | 0.00x | 0.92x | CA$-140.88 Million |
| 2017 | 13.30% | 0.00% | 0.00x | 0.99x | CA$42.25 Million |
| 2018 | 1.38% | 0.00% | 0.00x | 0.99x | CA$-163.58 Million |
| 2019 | 0.79% | 0.00% | 0.00x | 1.00x | CA$-225.56 Million |
| 2020 | -0.81% | 0.00% | 0.00x | 0.99x | CA$-263.94 Million |
| 2021 | 2.22% | 0.00% | 0.00x | 1.29x | CA$-194.14 Million |
| 2022 | 14.00% | 0.00% | 0.00x | 1.35x | CA$117.40 Million |
| 2023 | 8.62% | 0.00% | 0.00x | 1.35x | CA$-50.92 Million |
| 2024 | 4.57% | 558.91% | 0.01x | 1.15x | CA$-270.79 Million |
Industry Comparison
This section compares Ivanhoe Mines Ltd.'s net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ivanhoe Mines Ltd. (IVN) | CA$5.62 Billion | -70.68% | 0.31x | $11.11 Billion |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Ivanhoe Mines Ltd.
Ivanhoe Mines Ltd., together with its subsidiaries, engages in the mining, development, and exploration of minerals and precious metals in Africa. The company explores for platinum, palladium, gold, rhodium, nickel, copper, zinc, germanium, silver, and lead deposits. Its projects include the Kamoa-Kakula Copper Complex mine located in the Central African Copperbelt; the Platreef PGM-Nickel mine l… Read more