Income Asset Management Group Valuation

Is IAM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IAM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IAM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IAM's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IAM?

Key metric: As IAM is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IAM. This is calculated by dividing IAM's market cap by their current revenue.
What is IAM's PS Ratio?
PS Ratio	1.8x
Sales	AU$14.02m
Market Cap	AU$24.64m

IAM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.1x
Enterprise Value/EBITDA	-2.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does IAM's PS Ratio compare to its peers?

The above table shows the PS ratio for IAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.4x
BTN Butn	2.6x	n/a	AU$18.2m
EPY Earlypay	0.9x	-5.3%	AU$50.3m
PNC Pioneer Credit	2.6x	16.2%	AU$85.8m
OBL Omni Bridgeway	3.4x	42.1%	AU$282.6m
IAM Income Asset Management Group	1.8x	n/a	AU$24.6m

Price-To-Sales vs Peers: IAM is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

How does IAM's PS Ratio compare vs other companies in the AU Diversified Financial Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
WTL WT Financial Group	0.2x	n/a	US$21.64m
YBR Yellow Brick Road Holdings	0.1x	n/a	US$13.02m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: IAM is good value based on its Price-To-Sales Ratio (1.8x) compared to the Oceanic Diversified Financial industry average (2.5x).

Price to Sales Ratio vs Fair Ratio

What is IAM's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IAM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate IAM's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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