Imperial Metals Corporation (III) Fair Value & Analysis

Basic Materials · CA · Market cap C$1.7B (≈ $1.3B) · ISIN CA4528921022

What is Imperial Metals Corporation really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price is below even our cautious bear case (C$10.80). The market is more pessimistic than our downside scenario.
• Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range C$1.63 – C$13.36 · fair‑value band C$10.80 – C$18.34 · the C$9.31 price screens below the C$15.15 fair value. Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

Imperial Metals Corporation (III) currently trades at C$9.31, while our model-based Fair Value estimate is C$15.15, implying the stock looks roughly 38.5% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of C$37.16 per share, and 19 of the 24 models we run sit above the C$9.31 price. Bear case: the Asset-Based group reads lowest at C$3.86, and 5 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Imperial Metals Corporation generated revenue of C$670M at a net margin of 18.9%. Revenue declined 12.5% year over year. It earns a return on equity of 13.3%. Net debt stands at C$142M. Fundamentals as of Aug 29, 2026

Our scenario range runs from C$10.80 (bear case) to C$18.34 (bull case); at C$9.31, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 140% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at 63%, III screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$0.4912 per share, which is 3.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Growth Earnings (C$37.16) versus Asset-Based (C$3.86). Highest evidence: FCF DCF (75).

Key figures & financial health

Quality Score breakdown

About the company

Imperial Metals Corporation, together with its subsidiaries, engages in the exploration, development, and production of base and precious metals in the United States, Switzerland, China, the Philippines, Singapore, and Canada. It explores for copper, gold, silver, and other precious metals.

Full company description

Imperial Metals Corporation, together with its subsidiaries, engages in the exploration, development, and production of base and precious metals in the United States, Switzerland, China, the Philippines, Singapore, and Canada. It explores for copper, gold, silver, and other precious metals. The company holds 100% interests in the Mount Polley open-pit copper-gold mine located in central British Columbia; and the Huckleberry copper mine located in west-central British Columbia. It also holds a 30% interest in the Red Chris copper-gold mine located in northwest British Columbia. Imperial Metals Corporation was incorporated in 1959 and is based in Vancouver, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Imperial Metals Corporation reported revenue of C$692M in FY2025 versus C$134M in FY2021, a compound +50.9%/yr. Reported net income was C$154M in FY2025.

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Peer Group

Copper · 59 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Copper median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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