IRC (1029) AI Stock Analysis

• Market Cap: HK$881.78M
• Dividend Yield: N/A
• Average Volume (3M): 3.29M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: -12.88%
• EPS Growth: 87.41%
• Country: HK
• Employees: 1,670
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 12,779,486,000
• 10 Day Avg. Volume: 4,360,600
• 30 Day Avg. Volume: 3,288,617
• PEG Ratio: -0.05
• Price to Book (P/B): 0.28
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: ―

IRC's stock score reflects significant financial and valuation challenges. The declining revenues and negative cash flows weigh heavily on its financial performance score. Technical analysis indicates bearish trends, further contributing to a low score. The negative P/E ratio and lack of dividend yield compound the valuation concerns. Overall, the stock is underperforming with limited positive indicators.

IRC Business Overview & Revenue Model

Company Description

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How the Company Makes Money

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IRC Financial Statement Overview

Summary

IRC faces significant challenges across its financial statements. The income statement reflects declining revenues and profitability issues, exacerbated by negative cash flows. The balance sheet remains relatively stable due to low leverage, but asset reductions could be a concern. Overall, the financial health indicates a need for strategic improvements to address profitability and liquidity issues.

Income Statement

The company shows a declining revenue trend over the past few years, with revenue decreasing from $371 million in 2021 to $221 million in 2024. The gross profit margin has deteriorated significantly, and the company reported a negative net income in 2024. While the historical EBIT and EBITDA margins were relatively healthy, recent performance indicates financial struggles.

Balance Sheet

The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.14 in 2024, suggesting low leverage. However, total assets have decreased, indicating potential asset liquidation or depreciation. The equity ratio remains favorable, indicating stability in equity levels despite declining assets.

Cash Flow

The cash flow position of the company is concerning with negative free cash flow in 2024, contrasting with positive free cash flow in previous years. The operating cash flow has also turned negative, raising concerns over cash generation capabilities. The free cash flow to net income ratio is unfavorable, highlighting cash management challenges.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
221.16M	252.99M	278.76M	371.28M	224.59M
	Gross Profit
180.10M	196.55M	255.08M	344.26M	195.77M
	EBIT
-13.39M	18.71M	23.55M	135.23M	44.41M
	EBITDA
5.40M	-118.30M	47.22M	162.25M	73.22M
	Net Income Common Stockholders
-20.49M	-156.81M	-87.84M	134.07M	100.55M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
60.73M	56.56M	37.03M	52.13M	20.38M
	Total Assets
445.83M	451.04M	593.95M	709.15M	681.12M
	Total Debt
44.93M	67.38M	78.25M	116.29M	209.30M
	Net Debt
-15.65M	11.29M	41.97M	64.75M	188.93M
	Total Liabilities
130.45M	162.06M	145.68M	192.77M	298.83M
	Stockholders Equity
316.14M	289.62M	448.61M	516.83M	382.71M
Cash Flow		Free Cash Flow
-19.26M	15.57M	17.29M	151.89M	58.16M
	Operating Cash Flow
-1.91M	55.26M	31.74M	165.10M	63.97M
	Investing Cash Flow
-15.88M	-15.06M	-14.12M	-13.75M	-1.08M
	Financing Cash Flow
23.44M	-19.25M	-30.54M	-119.90M	-45.47M

IRC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1029, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 27.14 is Positive, neither overbought nor oversold. The STOCH value of 28.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1029.

IRC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1088	75 Outperform	$810.53B	10.38	12.78%	7.91%	-7.73%	-6.97%
1071	73 Outperform	HK$63.04B	9.10	13.59%	5.59%	-5.59%	25.60%
1171	68 Neutral	$118.08B	5.76	22.05%	17.01%	2.87%	―
1193	59 Neutral	$50.92B	12.46	9.94%	6.46%	1.39%	-21.74%
Sector *	50 Neutral	$2.00B	-1.02	-21.34%	3.70%	2.00%	-30.65%
1029	47 Neutral	HK$881.78M	―	-6.77%	―	-12.88%	87.41%
1053	42 Neutral	€12.35B	―	-16.73%	―	-29.52%	-73.10%

IRC Corporate Events

IRC Proposes Share Consolidation and Change in Board Lot Size

IRC, a company incorporated in Hong Kong, has announced a proposed share consolidation where every ten existing shares will be consolidated into one consolidated share. This move aims to streamline the company’s share structure and is contingent upon shareholder approval at the upcoming AGM. Additionally, the board lot size for trading on the Stock Exchange will change from 2,000 existing shares to 4,000 consolidated shares, potentially impacting trading dynamics and shareholder value.

IRC Limited Reports 2024 Annual Results Amid Ore Quality Challenges

IRC Limited announced its 2024 annual results, revealing a net loss of US$21 million due to ore quality issues and a weakened global iron ore market. Despite a 12.6% revenue decline and increased cash costs, the company improved its cash position through a successful rights issue and reduced its net debt. The company is transitioning its mining operations from the Kimkan mine to the Sutara mine, aiming to enhance production efficiency and volume. IRC’s strategic focus includes ramping up Sutara operations and reducing reliance on third-party contractors, reflecting its commitment to long-term value creation for stakeholders.

IRC Limited Schedules Annual Results Announcement for March 2025

IRC Limited has announced that its Board of Directors will meet on March 20, 2025, to consider and approve the annual results for the year ended December 31, 2024. The Executive Committee will finalize and publish these results on March 26, 2025, which is expected to impact the company’s operational transparency and inform stakeholders about its financial performance.

IRC Limited Reports Increased Production and Sales in Q4 2024 Amid Profit Warning

IRC Limited reported a 4.5% increase in production volume and a 5.1% rise in sales volume for the fourth quarter of 2024 compared to the previous quarter. Despite these improvements, the company issued a profit warning due to ore quality issues earlier in the year, which led to a 3.6% decrease in annual production compared to 2023. The company completed a rights issue, raising approximately $46.3 million, which improved its cash balance significantly. The extension of a loan repayment deadline and voluntary early repayments were also notable financial activities. The depreciation of the Russian Rouble and an increase in the average Platts 65% iron ore index were additional factors impacting the company’s financial performance.