Labrador Iron Ore Royalty Corporation trades with the ticker LIF on the TSX and is in the Steel industry.
Overview
Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets, and iron ore concentrate, as well as seaborne iron ore pellets. The company was formerly known as Labrador Iron Ore Royalty Income Fund and changed its name to Labrador Iron Ore Royalty Corporation in July 2010. Labrador Iron Ore Royalty Corporation is based in Toronto, Canada.
Looking to invest in Labrador Iron Ore Royalty Corporation? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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LIF.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $1961.6MM
PE Ratio: 10.908
Price: 30.11 (Updated: 3/12/2024 0:47:16)
Labrador Iron Ore Royalty Corporation (LIF) vs Competitors in Steel
Lets see how LIF.TO stacks up against others in the Steel asset management industry. We have identified its main peers as:Champion Iron Limited, Stelco Holdings Inc, Algoma Steel Group Inc
.Steel Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Champion Iron Limited (CIA) | $3,619.492 | 12.105 | 5.781 | 2.9% |
| Labrador Iron Ore Royalty Corporation (LIF) | $1,961.6 | 10.908 | 12.578 | 8.3% |
| Stelco Holdings Inc (STLC) | $2,276.815 | 15.296 | 4.244 | 4.8% |
| Algoma Steel Group Inc (ASTL) | $1,126.732 | 16.922 | 4.822 | N/A% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Steel
- Labrador Iron Ore Royalty Corporation (LIF) vs Champion Iron Limited (CIA)
- LIF has higher EPS (2.81 vs 0.57). LIF has higher dividend yield (8.3% vs 2.9%). CIA has a higher P/E ratio (12.105 vs 10.908) indicating it’s more expensive.
- Labrador Iron Ore Royalty Corporation (LIF) vs Stelco Holdings Inc (STLC)
- LIF has higher EPS (2.81 vs 2.7). LIF has higher dividend yield (8.3% vs 4.8%). STLC has a higher P/E ratio (15.296 vs 10.908) indicating it’s more expensive.
- Labrador Iron Ore Royalty Corporation (LIF) vs Algoma Steel Group Inc (ASTL)
- LIF has higher EPS (2.81 vs 0.64). LIF provides dividends, while ASTL does not. ASTL has a higher P/E ratio (16.922 vs 10.908) indicating it’s more expensive.
Our Recommendation: Hold
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (10.91) than the industry average (13.91), indicating potential undervaluation.
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