IE vs NEXM vs SBSW Stock Comparison

Ivanhoe Electric, NexMetals Mining and Sibanye Stillwater Prices as of Oct 29, 2026 Peers: Industry group
IE Ivanhoe Electric Inc.
$8.42 -20.8% 1M -39.9% 1Y
Market cap
$1.22B
P/E
–
Revenue (TTM)
$3.02M
Div. yield
–
Copper Basic Materials
2 wins
NEXM NexMetals Mining Corp.
$1.41 -26.6% 1M -65.1% 1Y
Market cap
$47.13M
P/E
–
Revenue (TTM)
$314.41K
Div. yield
–
Copper Basic Materials
1 win
SBSW Sibanye Stillwater Ltd
$9.23 -9.2% 1M -14.1% 1Y
Market cap
$6.01B
P/E
–
Revenue (TTM)
—
Div. yield
–
Platinum and Palladium Basic Materials
4 wins

Head to Head

7 decided of 12

Sibanye Stillwater leads on 4 of the 12 questions below (Sibanye Stillwater 4, Ivanhoe Electric 2, NexMetals Mining 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionIENEXMSBSWLeader
Larger companyMarket capitalisation $1.22B $47.13M $6.01B SBSW
Cheaper on earningsLower P/E, profitable companies only -35.4x -1.3x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 4.1x –
Faster revenue growthRevenue growth, trailing twelve months -20.6% +280.5% — NEXM
More profitableNet margin, trailing twelve months -1,138.7% -11,801.7% — IE
Better return on capitalReturn on invested capital 0.0% — — –
Less leveragedLower net debt / EBITDA -13.0x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -39.9% -65.1% -14.1% SBSW
Better 5-year returnAnnualised price return, 5 years — -46.2%/yr -8.3%/yr SBSW
Less volatileAnnualised volatility, 1 year 77.0% 69.3% 65.0% SBSW
Higher overall scoreMean of the five percentile scores vs peers 45/100 38/100 — IE

Percentile Scorecard

IENEXMSBSW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisIENEXMSBSW
Valuation 25 #122 of 163 8 #150 of 163 –
Growth 63 #56 of 148 59 #62 of 148 –
Profitability 38 #77 of 123 3 #120 of 123 –
Financial Health 87 #23 of 164 82 #30 of 164 –
Shareholder Returns 14 #93 of 108 – 100 #1 of 108
Overall 45 38 –
  • IE ranked among 176 companies in Metals and Mining
  • NEXM ranked among 176 companies in Metals and Mining
  • SBSW ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodIENEXMSBSWSPY
1 month -20.8%-26.6%-9.2% +0.7%
3 months -9.9%-33.8%+1.5% +3.7%
6 months -34.4%-47.8%-23.2% +7.1%
Year to date -47.3%-63.9%-35.2% +12.8%
1 year -39.9%-65.1%-14.1% +11.9%
3 years -15.4%-93.8%+77.8% +85.2%
3 years, per year -5.4%-60.4%+21.2% +22.8%
5 years —-95.5%-35.0% +67.6%
5 years, per year —-46.2%-8.3% +10.9%
10 years —-97.9%-10.9% +262.0%
10 years, per year —-32.1%-1.1% +13.7%

Risk

MeasureIENEXMSBSWSPY
Volatility, 1Y 77.0%69.3%65.0% 12.7%
Downside volatility, 1Y 81.1%71.4%66.2% 12.6%
Beta vs S&P 500, 1Y 3.341.522.65 1.00
Return / volatility, 1Y -0.52-0.94-0.22 0.94
Max drawdown, 5Y -71.1%-97.2%-84.4% -25.4%
From 52-week high -57.7%-68.9%-56.3% -1.2%
52-week high $19.92$4.54$21.12 $779.14
52-week low $7.68$1.38$8.00 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleIENEXMSBSW
P/E now vs peer median -38.7xmedian 13.2x -1.4xmedian 13.2x —median 13.2x
P/S now vs peer median 444.5xmedian 3.1x 159.9xmedian 3.1x —median 3.1x
EV/EBITDA now vs peer median 66.0xmedian 7.2x —median 7.2x —median 7.2x
P/FCF now vs peer median -16.2xmedian 15.2x -0.8xmedian 15.2x —median 15.2x
P/B now vs peer median 2.5xmedian 2.2x 1.2xmedian 2.2x —median 2.2x
PEG now vs peer median -0.79median 0.30 -0.06median 0.30 —median 0.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsIENEXMSBSW
Revenue $3.02M $314.41K –
Gross profit $1.78M – –
Operating income $14.34M – –
Net income -$5.89M -$37.11M –
Free cash flow -$83.11M -$60.22M –
R&D $78.04M $26.75M –
EPS (diluted) $-0.22 $-1.04 –
Cash & equivalents $256.88M $11.93M –
Total debt $214.09M $3.73M $2.24B
Shares (diluted) 158.35M 35.65M 707.64M
Enterprise value $430.66M -$22.82M $6.01B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricIENEXMSBSW
P/E -38.7x -1.4x –
P/FCF -16.2x -0.8x –
P/Operating cash flow -12.7x -1.5x –
P/S 444.5x 159.9x –
P/B 2.5x 1.2x –
P/Tangible book 2.5x 1.2x –
EV/EBITDA 66.0x – –
EV/EBIT 78.2x – –
EV/Revenue 371.2x 124.6x –
EV/FCF -13.5x -0.7x –
EV/Operating cash flow -10.6x -1.2x –
PEG (3Y EPS CAGR) -0.79 -0.06 –

Growth

14 metrics
MetricIENEXMSBSW
Revenue growth (1Y) -20.6% 280.5% –
Revenue CAGR (3Y) -4.2% 48.4% –
Gross profit growth (1Y) -28.8% – –
Gross profit CAGR (3Y) 56.6% – –
Operating income growth (1Y) 111.6% – –
Operating income CAGR (3Y) 27.7% – –
Net income growth (1Y) 93.6% 3.3% –
Net income CAGR (3Y) 67.4% 8.0% –
EPS growth (1Y) 64.3% 41.8% –
EPS CAGR (3Y) 49.2% 22.0% –
Operating cash flow growth (1Y) 6.2% -11.0% –
Operating cash flow CAGR (3Y) 8.3% -5.8% –
Free cash flow growth (1Y) 28.4% -90.2% –
Free cash flow CAGR (3Y) 17.1% -35.7% –

Profitability

14 metrics
MetricIENEXMSBSW
Gross margin 58.7% – –
EBITDA margin 562.4% – –
Operating margin 474.5% – –
Pretax margin 207.3% – –
Net margin -1,139% -11,802% –
FCF margin -2,749% -19,155% –
Operating cash flow margin -3,507% -10,819% –
Return on equity -1.1% – –
Return on assets -1.0% – –
Return on invested capital 0.0% – –
Return on capital employed 2.7% – –
Asset turnover 0.0x 0.0x –
Cash conversion (OCF / net income) 18.0x 0.9x –
Stock comp / revenue 365.3% 669.6% –

Financial Health

11 metrics
MetricIENEXMSBSW
Debt / assets 6.0% 1.7% –
Debt / equity 0.1x 0.0x –
Net debt / EBITDA -13.0x – –
Debt / FCF -0.4x 0.0x –
Liabilities / assets 9.3% 12.7% –
Equity / assets 90.7% 87.3% –
Interest coverage – – –
Current ratio 5.0x 5.2x –
Quick ratio 5.2x 4.7x –
Cash ratio 4.8x 4.7x –
Altman Z-score 13.91 – –

Shareholder Returns

7 metrics
MetricIENEXMSBSW
Dividend yield – – 8.7%
Net buyback yield -19.2% – –
Shareholder yield -19.2% – 8.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusIENEXMSBSW
Forward P/E – – 4.1xFY2026
EPS, next fiscal year $-0.06FY2026 – $2.23FY2026
EPS growth, the year after – – -9.4%
Revenue, next fiscal year $3.16MFY2026 – $10.54BFY2026
Revenue growth, next FY -2.5%FY2026 – +30.5%FY2026
Revenue growth, the year after -6.5% – +8.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersIENEXMSBSW
Held by institutions 74.0% 17.5% 18.3%
Institutions holding 203 15 256
Change in shares held, QoQ +2.3% -7.1% -6.9%
Institutions buying 126 7 127
Institutions selling 56 4 90
Buyers to sellers 2.25 1.75 1.41

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

IENEXMSBSW
IE 1.00 0.43 0.65
NEXM 0.43 1.00 0.43
SBSW 0.65 0.43 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, IE, NEXM and SBSW?

Sibanye Stillwater (SBSW) is the largest by market capitalisation: Ivanhoe Electric (IE) $1.22B, NexMetals Mining (NEXM) $47.13M, Sibanye Stillwater (SBSW) $6.01B.

Which company is growing faster?

NexMetals Mining (NEXM) grew revenue fastest over the trailing twelve months: Ivanhoe Electric (IE) -20.6%, NexMetals Mining (NEXM) +280.5%.

Which company is more profitable?

Ivanhoe Electric (IE) has the highest net margin (Ivanhoe Electric (IE) -1,138.7%, NexMetals Mining (NEXM) -11,801.7%).

Which stock has performed better?

Over the past year Sibanye Stillwater (SBSW) returned the most: Ivanhoe Electric (IE) -39.9%, NexMetals Mining (NEXM) -65.1%, Sibanye Stillwater (SBSW) -14.1%. Over five years, Sibanye Stillwater (SBSW) compounded fastest (NexMetals Mining (NEXM) -46.2%/yr, Sibanye Stillwater (SBSW) -8.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Sibanye Stillwater (SBSW) has been the steadiest (Ivanhoe Electric (IE) 77.0%, NexMetals Mining (NEXM) 69.3%, Sibanye Stillwater (SBSW) 65.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, IE, NEXM and SBSW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sibanye Stillwater (SBSW) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.