IE
Ivanhoe Electric Inc.
IE has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over IE overall, supported by stronger fundamentals and stronger modeled upside.
IE Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Weak | |
| Strong |
IE's balance sheet is currently strong, and its profitability is stable, but its revenue and cash flow are under pressure.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
IE PE Valuation
IE has no meaningful PE right now: it lost money over the past year.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
IE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| -- | |
| Limited | |
| High |
Analysts expect IE's losses to shrink, with revenue holding steady.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
IE Earnings Per Share
IE lost $0.85 per share over the past year, about the same as its loss the year before.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over IE in the latest year-over-year earnings comparison.
IE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $708K | +30% |
| Q2 2026 | $724K | -32% |
| Q1 2026 | $858K | +17% |
| Q4 2025 | $896K | -33% |
| Q3 2025 | $545K | -19% |
| Q2 2025 | $1.1M | +99% |
| Q1 2025 | $735K | +104% |
| Q4 2024 | $1.3M | -20% |
IE's revenue is recovering but still below its 2022 peak: $708,000 last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -4071% | +257 points |
| Q2 2026 | -2967% | -567 points |
| Q1 2026 | 11277% | +14951 points |
| Q4 2025 | -4168% | -1938 points |
| Q3 2025 | -4328% | +1906 points |
| Q2 2025 | -2400% | +6623 points |
| Q1 2025 | -3674% | +12126 points |
| Q4 2024 | -2229% | +611 points |
IE's operating margin was −4071% last quarter, up 257 points from the same quarter a year ago.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK has the edge over IE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over IE on profitability, with a higher operating margin.
IE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$28.8M | -$1.2M |
| Q2 2026 | -$20.2M | +$1.1M |
| Q1 2026 | -$42.9M | -$27.1M |
| Q4 2025 | -$25.7M | +$6.7M |
| Q3 2025 | -$27.6M | +$9.3M |
| Q2 2025 | -$21.3M | +$23.8M |
| Q1 2025 | -$15.8M | +$34.9M |
| Q4 2024 | -$32.4M | +$11.6M |
IE has burned cash in almost every quarter: −$118M over the past year, against −$97M the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK has the edge over IE on cash generation, producing positive trailing cash flow while its opponent burns cash.
IE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +1.3M shares |
| 1 year | +20% | +26.7M shares |
| 3 years | +52% | +54.7M shares |
| 5 years | +72% | +66.7M shares |
IE has 160M diluted shares, up 20% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has the edge over IE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
IE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -18.4x | Net Cash |
| Q2 2026 | -15.1x | Net Cash |
| Q1 2026 | -22.2x | Net Cash |
IE has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
IE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.9 | Neutral |
| Stochastic | 8.3 | Oversold |
IE's weekly RSI is 35 (neutral) and its Stochastic is 8 (oversold).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
IE PE vs Technology Sector
IE has no meaningful PE right now: it lost money over the past year.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK is trading at 7.5x earnings, a 73% discount to the Technology sector's median of 28x, though its earnings don't support one.
IE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.74 | 20% below |
| 20 week MA | $9.43 | 26% below |
| 50 week MA | $12.3 | 43% below |
| 100 week MA | $10.6 | 34% below |
| 200 week MA | $10.8 | 36% below |
SNDK has stronger trend alignment. IE is above 0 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
IE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $9.01 | $12.2 | +36% |
| 2023 | $12.2 | $10.1 | -18% |
| 2024 | $10.1 | $7.80 | -23% |
| 2025 | $7.80 | $16.9 | +116% |
| 2026 YTD | $16.9 | $6.95 | -59% |
IE has finished lower in two of the last four years. It's down 59% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over IE on returns for 2026, with the stronger performance.