Iondrive Ltd (ION) fair value: what the stock is really worth
We calculate from audited financials what Iondrive Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Jun 24, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
Watch Iondrive Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.
How to read this chart
60‑month range A$0.0070 – A$0.1550 · fair‑value band A$0.0085 – A$0.0170 · the A$0.1300 price screens above the A$0.0170 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jun 24, 2026.
Follow Iondrive in your weekly email
Every Wednesday you see whether Iondrive is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Iondrive Limited engages in the development and commercialization of battery technology; and lithium exploration. It also explores for gold, silver, copper, palladium, and rare earth elements. The company was formerly known as Southern Gold Limited and changed its name to Iondrive Limited in November 2023.
Show more
Iondrive Limited engages in the development and commercialization of battery technology; and lithium exploration. It also explores for gold, silver, copper, palladium, and rare earth elements. The company was formerly known as Southern Gold Limited and changed its name to Iondrive Limited in November 2023. Iondrive Limited was incorporated in 2004 and is based in Adelaide, Australia.
Stock analysis
Iondrive Ltd (ION) currently trades at A$0.1300, while our model-based Fair Value estimate is A$0.0170, implying the stock looks roughly 664.5% overvalued today.
Show more
Valuation
How firm this estimate is: it rests on 2 models at a data quality of 91/100, which puts the evidence level at low.
Scenario range: A$0.0085 (bear) to A$0.0170 (bull), the price of A$0.1300 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 29/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Iondrive Ltd reported revenue of A$245K in FY2025 versus A$7.8K in FY2022, a compound +215.4%/yr. Reported net income was −A$4.6M in FY2025.
Key figures
Market cap A$38.9M (≈ $27.3M) · P/S ratio 28.1 · EPS (TTM) A$−0.0100 · Return on equity −81.9% · Return on assets (EBIT) −80.0% · Operating margin −155% · Revenue growth (YoY) +599% · Free cash flow −A$4.0M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 713% above its 52-week low.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −87%, ION screens richer than that median.
Fair Value models
Bear A$0.0085Fair Value A$0.0170Bull A$0.0170
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−72.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+215.4%
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−147,283.0% (2022) → −2,481.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Gold · 238 stocks
Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Below median
Fair Value upside−87% · Bottom 25%
Profitability
Return on assets−41% · Bottom 25%
Operating margin (TTM)−155% · Bottom 25%
Growth and dividend
Revenue growth599% · Top 25%
Valuation Multiplesvs Gold median · lower = cheaper
P/B3.66× · Pricier than median
P/S (TTM)19.70× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)0· sector 17
HEALTH (low debt)0· sector 98
DIVIDEND (yield)0· sector 20
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Iondrive Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ION
Frequently asked questions
Is Iondrive Ltd (ION) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.0170 versus a price of A$0.1300, about −87% upside (overvalued).
What is the fair value of ION?
Our model-based fair value for Iondrive Ltd is A$0.0170 (as of Jun 24, 2026), built from audited fundamentals. The current price: A$0.1300.
What is the quality score of ION?
Iondrive Ltd has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Iondrive Ltd (ION)?
Our model-based price target is the fair value of A$0.0170 (as of Jun 24, 2026) from 1 valuation models. Cautious scenario A$0.0085, optimistic scenario A$0.0170. It is a calculation from audited fundamentals, not an analyst target.
What is the Iondrive Ltd stock forecast for 2026?
Our models put fair value at A$0.0170, about −87% upside versus a price of A$0.1300 (overvalued). Cautious scenario A$0.0085, optimistic scenario A$0.0170. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Iondrive Ltd (ION)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iondrive Ltd it is A$0.0170 per share (as of Jun 24, 2026), against a price of A$0.1300. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Iondrive Ltd stock overvalued or undervalued in 2026?
As of Jun 24, 2026, ION trades above its calculated fair value: price A$0.1300, fair value A$0.0170, a gap of about −87% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ION?
No. The price is what the market pays today (A$0.1300); the fair value is what the company's own numbers justify (A$0.0170). For Iondrive Ltd the two are A$0.1130 per share apart. That gap is exactly why we show both numbers side by side.
How much is Iondrive Ltd worth?
The market values Iondrive Ltd at about A$38.9M (market capitalisation, as of Jun 24, 2026). Per share that is A$0.1300; our models calculate a fair value of A$0.0170 per share.
What do the bullish and bearish scenarios say about ION?
Our models span a range for Iondrive Ltd: cautious scenario A$0.0085, base A$0.0170, optimistic A$0.0170 per share (as of Jun 24, 2026, price A$0.1300). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Iondrive Ltd (ION)?
Balance-sheet figures for Iondrive Ltd (as of Jun 24, 2026): return on equity −81.9%. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is ION from its 52-week high?
Iondrive Ltd trades at A$0.1300, about 16% below its 52-week high of A$0.1550 and 713% above the low of A$0.0160 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0170 is for.
Which stocks are comparable to Iondrive Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Barrick Mining Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Iondrive Ltd stock attractive at the current price?
The data as of Jun 24, 2026: price A$0.1300, calculated fair value A$0.0170 (−87%), Quality Score 29/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ION calculated?
We run Iondrive Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.0170, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Iondrive Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Iondrive Ltd (ION)?
The closing price on Sep 24, 2026 was A$0.1300. Our model-based fair value is A$0.0170, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iondrive Ltd right now?
The price sits above even our optimistic bull case (A$0.0170). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (A$0.0085 to A$0.0170) leaves room in how you read the outcome.
Key figures of Iondrive Ltd
How large is the market capitalisation of Iondrive Ltd (ION)?
The market capitalisation of Iondrive Ltd is A$38.9M (≈ $27.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Iondrive Ltd (ION)?
The price-to-sales ratio of Iondrive Ltd is 28.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Iondrive Ltd (ION)?
Earnings per share at Iondrive Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Iondrive Ltd (ION)?
The return on equity (ROE) of Iondrive Ltd is −81.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Iondrive Ltd (ION)?
On an EBIT basis the return on assets of Iondrive Ltd is −80.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Iondrive Ltd (ION)?
The operating margin of Iondrive Ltd is −155% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Iondrive Ltd (ION)?
Revenue at Iondrive Ltd is growing +599% versus a year earlier (3y avg +215%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Iondrive Ltd (ION) generate?
The free cash flow of Iondrive Ltd is −A$4.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Iondrive Ltd (ION) hold?
Iondrive Ltd holds more cash than debt, A$5.9M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Iondrive Ltd in the live analysis
One click puts Iondrive Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
