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Iluka Resources Limited Unsponsored ADR
(OTC:ILKAY)
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Rating:48Neutral
Price Target:
$19.50
Action:N/A
Date:10/04/26
The score is held back primarily by weakened financial performance (2025 losses, negative operating cash flow and deeply negative free cash flow, and higher leverage) and bearish technical signals (below key moving averages with negative MACD). These are partly offset by a constructive earnings call focused on cash generation, debt reduction, pricing support, and project progress, while valuation is mixed due to a negative P/E and only a modest dividend yield.
Positive Factors
Strong first-half cash generation
The mineral sands operation demonstrated substantial first-half cash generation, supported by pricing, inventory reduction and operating discipline. Sustained cash conversion would strengthen liquidity, provide funding for development and reduce reliance on external capital over the next several quarters.
Negative Factors
Severe 2025 profitability deterioration
The sharp swing to losses despite higher revenue shows that top-line recovery has not yet translated into earnings resilience. Negative margins reduce internal funding capacity and leave profitability more exposed to operating costs, product mix and market conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong first-half cash generation
The mineral sands operation demonstrated substantial first-half cash generation, supported by pricing, inventory reduction and operating discipline. Sustained cash conversion would strengthen liquidity, provide funding for development and reduce reliance on external capital over the next several quarters.
Read all positive factors
Iluka Resources Limited Unsponsored ADR (ILKAY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.71B
Dividend YieldN/A
Average Volume (3M)259.00
Price to Earnings (P/E)―
Beta (1Y)1.00
Revenue Growth-16.14%
EPS Growth-315.61%
CountryUS
Employees909
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding86,249,886
10 Day Avg. Volume176
30 Day Avg. Volume259
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.16
Price to Sales (P/S)2.44
P/FCF Ratio-2.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Iluka Resources Limited Unsponsored ADR Business Overview & Revenue Model
Company Description
Iluka Resources Limited is an entity deeply involved in the comprehensive management of mineral sands, encompassing their discovery, project execution, extraction, refinement, sales, and environmental restoration. The company structures its operat...
How the Company Makes Money
Iluka primarily makes money by selling mineral sands products—most notably zircon and titanium dioxide feedstocks (e.g., rutile and synthetic rutile)—to customers that use these materials in downstream manufacturing and industrial processes. Reven...
Iluka Resources Limited Unsponsored ADR Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
29
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 891.90M | 980.87M | 1.17B | 1.29B | 1.61B | 1.56B |
| Gross Profit | -56.02M | 79.89M | 754.40M | 791.60M | 1.14B | 920.20M |
| EBITDA | -65.05M | 139.88M | 527.00M | 647.10M | 880.50M | 682.40M |
| Net Income | -397.66M | -278.59M | 231.30M | 342.60M | 584.50M | 365.80M |
Balance Sheet | ||||||
| Total Assets | 4.33B | 4.23B | 3.74B | 3.33B | 3.00B | 2.64B |
| Cash, Cash Equivalents and Short-Term Investments | 50.60M | 45.65M | 136.00M | 364.90M | 521.70M | 294.80M |
| Total Debt | 1.28B | 1.14B | 291.30M | 163.70M | 62.50M | 35.90M |
| Total Liabilities | 2.30B | 2.16B | 1.38B | 1.17B | 1.11B | 1.04B |
| Stockholders Equity | 2.04B | 2.07B | 2.36B | 2.16B | 1.89B | 1.59B |
Cash Flow | ||||||
| Free Cash Flow | -604.50M | -865.82M | -310.60M | -191.80M | 576.30M | 301.30M |
| Operating Cash Flow | 224.10M | -33.04M | 123.30M | 89.60M | 728.90M | 354.90M |
| Investing Cash Flow | -798.26M | -813.46M | -402.90M | -240.80M | -136.80M | -36.90M |
| Financing Cash Flow | 437.89M | 758.40M | 52.60M | -5.40M | -134.10M | -112.90M |
Iluka Resources Limited Unsponsored ADR Technical Analysis
Negative
―
Price Trends
23.11
Negative
24.39
Negative
23.53
Negative
Market Momentum
-0.96
Positive
29.06
Positive
11.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ILKAY, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 21.80, equal to the 50-day MA of 23.11, and equal to the 200-day MA of 23.53, indicating a bearish trend. The MACD of -0.96 indicates Positive momentum. The RSI at 29.06 is Positive, neither overbought nor oversold. The STOCH value of 11.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ILKAY.
Iluka Resources Limited Unsponsored ADR Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $159.66B | 12.78 | 18.86% | 4.86% | 14.26% | 17.02% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | $8.37B | -137.04 | -2.66% | ― | 71.92% | 44.39% | |
48 Neutral | $1.71B | -6.14 | -19.70% | ― | -16.14% | -315.61% | |
48 Neutral | $5.10B | -5.68 | -23.45% | ― | ― | -270.60% | |
43 Neutral | $506.10M | -6.09 | -13.82% | ― | ― | -55.68% |
* General Sector Average
ILKAY
Iluka Resources Limited Unsponsored ADR
19.96
-4.45
-18.22%
RIO
Rio Tinto
95.65
31.87
49.96%
NB
NioCorp Developments
3.46
-5.10
-59.58%
MP
MP Materials
46.84
-27.49
-36.98%
CRML
Critical Metals Corp
7.51
-4.08
-35.20%
USAR
USA Rare Earth
13.65
-12.67
-48.14%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.