ioneer Ltd (IONR) Key Metrics
IONR valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $221.3M
- Enterprise value
- $234.2M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 337.4
- Price / book
- 1.1 10-yr median 1.1
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.88
IONR key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsIONR valuation Price multiples at each fiscal year-end price.
IONR returns How much profit the business earns on the capital it uses.
IONR per-share figures Results divided by the shares outstanding at year-end.
IONR financial health Debt, liquidity and how easily interest is covered.
IONR efficiency & capital use Working capital cycle and where the cash goes.
IONR valuation history
IONR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IONR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IONR cash returned to shareholders
IONR price vs earnings per share
IONR key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $261.3M | $153.8M | $215.0M | $477.3M | $887.9M | — | — | — | — | — |
| Enterprise value | $243.8M | $129.1M | $180.6M | $424.8M | $793.9M | — | — | — | — | — |
| Price / book | 1.1 | 0.7 | 1.0 | 2.4 | 4.4 | — | — | — | — | — |
| EV / EBITDA | — | 425.1 | — | — | — | — | — | — | — | — |
| Earnings yield | −3.1% | −0.0% | −3.7% | −1.3% | −1.0% | — | — | — | — | — |
| Free cash flow yield | −1.1% | −4.4% | −20.4% | −1.8% | −3.9% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | — | — | — | — | 0.7% | — | — | — | — | — |
| Share price at fiscal year-end | $4.33 | $2.61 | $4.01 | $9.10 | $17.63 | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Earnings per share | −$0.14 | −$0.00 | −$0.15 | −$0.12 | −$0.18 | −$0.20 | −$0.10 | −$0.02 | −$0.06 | −$0.46 |
| Operating cash flow per share | −$0.05 | −$0.12 | −$0.13 | −$0.15 | −$0.19 | −$0.11 | −$0.12 | −$0.09 | −$0.00 | −$0.07 |
| Free cash flow per share | −$0.05 | −$0.12 | −$0.82 | −$0.17 | −$0.68 | −$0.11 | −$0.89 | −$0.09 | −$0.00 | −$0.18 |
| Cash per share | $0.30 | $0.43 | $0.67 | $1.00 | $1.87 | $1.43 | $0.66 | $0.93 | $1.95 | $0.21 |
| Book value per share | $3.81 | $3.91 | $4.07 | $3.76 | $4.04 | $3.28 | $2.24 | $1.82 | $2.28 | $0.36 |
| Tangible book value per share | $3.81 | $3.91 | $4.07 | $3.76 | $4.04 | $3.28 | $2.24 | $1.82 | $2.28 | $0.36 |
| Capex per share | $0.00 | $0.25 | $0.68 | $0.01 | $0.50 | $0.00 | $0.78 | $0.00 | $0.00 | $0.11 |
| Debt per share | $0.01 | $0.01 | $0.02 | $0.00 | $0.01 | $0.01 | $0.01 | — | — | — |
| Shares outstanding | 60.3M | 58.9M | 53.6M | 52.5M | 50.4M | 43.7M | 39.9M | 36.8M | 30.4M | 26.5M |
| Change in shares outstanding | +2.4% | +9.9% | +2.2% | +4.2% | +15.2% | +9.5% | +8.5% | +21.1% | +14.6% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −3.5% | −0.0% | −3.8% | −3.2% | −5.3% | −7.6% | −4.9% | −1.0% | −4.9% | −252.4% |
| Return on invested capital (ROIC) | −3.3% | −0.0% | −4.4% | −3.7% | −9.9% | −7.3% | −9.3% | −13.6% | −30.3% | −321.2% |
| Return on assets (ROA) | −3.5% | −0.0% | −3.6% | −3.0% | −5.0% | −7.4% | −4.8% | −1.0% | −4.8% | −241.1% |
| Return on tangible assets | −3.5% | −0.0% | −3.5% | −3.1% | −4.3% | −6.0% | −4.2% | −1.0% | −2.8% | −126.0% |
| Financial health | ||||||||||
| Total debt | $335,000 | $373,000 | $1.3M | $212,000 | $255,000 | $247,941 | $228,810 | — | — | — |
| Cash & short-term investments | $17.9M | $25.1M | $35.7M | $52.7M | $94.2M | $62.4M | $26.3M | $34.0M | $59.2M | $5.7M |
| Net debt | −$17.5M | −$24.7M | −$34.4M | −$52.5M | −$93.9M | −$62.2M | −$26.1M | −$34.0M | −$59.2M | −$5.7M |
| Debt / equity | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
| Debt / assets | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
| Net debt / EBITDA | — | −81.26 | — | — | — | — | — | — | — | — |
| Current ratio | 8.58 | 8.49 | 5.80 | 6.00 | 9.97 | 11.50 | 11.38 | 16.95 | 56.58 | 32.96 |
| Quick ratio | 8.58 | 8.49 | 5.80 | 6.00 | 9.97 | 11.50 | 11.38 | 16.95 | 56.58 | 32.96 |
| Interest coverage | -136.4 | -0.6 | -835.9 | -596.7 | — | -6.1 | -294.9 | -756.2 | -7.6 | -957.1 |
| Working capital | $16.2M | $22.3M | $29.8M | $44.2M | $84.9M | $57.2M | $24.0M | $32.2M | $58.2M | $5.5M |
| Invested capital | $212.7M | $205.6M | $183.8M | $144.9M | $109.8M | $81.4M | $63.3M | $33.0M | $10.0M | $3.7M |
| Tangible asset value | $230.2M | $230.3M | $218.2M | $197.4M | $203.7M | $143.5M | $89.4M | $67.0M | $69.2M | $9.4M |
| Net current asset value | $16.0M | $22.0M | $29.8M | $44.1M | $84.8M | $57.2M | $23.7M | $32.2M | $58.2M | $5.5M |
| Graham net-net per share | $0.26 | $0.37 | $0.55 | $0.84 | $1.68 | $1.30 | $0.59 | $0.87 | $1.91 | $0.21 |
| Capital allocation | ||||||||||
| Share buybacks (net) | — | — | — | — | $6.2M | $3.5M | $1.8M | $125,000 | $4.4M | $458,592 |
| Capex / depreciation | 0.03 | 46.21 | 140.40 | 11.61 | 144.69 | 0.04 | 125.97 | 0.18 | 58.64 | 2,809.11 |
| Efficiency | ||||||||||
| Days of inventory on hand | — | — | — | — | 0.2 | — | — | — | — | — |
| Days payables outstanding | 1,559.4 | 4,040.3 | 7,595.7 | 51,761.6 | 12,563.9 | 21,823.9 | 14,054.9 | 55,591.2 | — | — |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payables turnover | 0.23 | 0.09 | 0.05 | 0.01 | 0.03 | 0.02 | 0.03 | 0.01 | — | — |
| Inventory turnover | — | — | — | — | 1,462.56 | — | — | — | — | — |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average receivables | $151,500 | $169,000 | $220,500 | $179,000 | $66,894 | $30,820 | $131,630 | $150,570 | $52,750 | $19,278 |
| Average payables | $1.5M | $3.1M | $5.4M | $7.3M | $6.0M | $2.6M | $1.3M | $1.2M | $474,824 | $99,549 |
| Average inventory | — | — | — | — | $119 | — | — | $0 | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from IONR's annual financial statements (latest annual report filed April 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IONR valuation and financial ratios
ioneer earned a return on equity of −3.5% and a return on invested capital of −3.3% in fiscal 2026. It ended the year with $0.3 million of debt and $17.9 million in cash and short-term investments, a net cash position of $17.5 million. The share count rose 127.6% from 26.5M to 60.3M over 9 years.
See the IONR income statement, the IONR chart for price history, or the IONR stock overview for the latest quote and news.
IONR key metrics FAQ
What is ioneer's return on equity?
ioneer's return on equity (ROE) was −3.5% in fiscal 2026: net income of -$8.1 million on average shareholders' equity of $230.3 million.
What is ioneer's ROIC?
ioneer's return on invested capital was −3.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does ioneer have?
ioneer had total debt of $0.3 million at the end of fiscal 2026, a debt-to-equity ratio of 0.00 and more cash than debt.
What is ioneer's free cash flow yield?
ioneer generated -$2.8 million of free cash flow in fiscal 2026, a free cash flow yield of −1.1% on its market value at year-end ($261.3 million).
What is ioneer's current ratio?
ioneer's current ratio was 8.58 at the end of fiscal 2026: current assets were 8.58 times current liabilities.