company background image
INY

Income Asset Management GroupASX:INY Stock Report

Market Cap

AU$92.8m

7D

-2.8%

1Y

100.0%

Updated

20 Oct, 2021

Data

Company Financials
INY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

INY Overview

Income Asset Management Group Limited provides solutions for fixed income investors across treasury management, cash, bonds, debt capital markets, and asset management in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Income Asset Management Group
Historical stock prices
Current Share PriceAU$0.35
52 Week HighAU$0.15
52 Week LowAU$0.40
Beta0.50
1 Month Change7.69%
3 Month Change7.69%
1 Year Change100.00%
3 Year Change75.00%
5 Year Changen/a
Change since IPO133.33%

Recent News & Updates

Feb 24
Investors Who Bought Cashwerkz (ASX:CWZ) Shares A Year Ago Are Now Up 126%

Investors Who Bought Cashwerkz (ASX:CWZ) Shares A Year Ago Are Now Up 126%

Unless you borrow money to invest, the potential losses are limited. On the other hand, if you find a high quality...

Shareholder Returns

INYAU Diversified FinancialAU Market
7D-2.8%1.3%1.7%
1Y100.0%9.0%20.2%

Return vs Industry: INY exceeded the Australian Diversified Financial industry which returned 9% over the past year.

Return vs Market: INY exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is INY's price volatile compared to industry and market?
INY volatility
INY Beta0.50
Industry Beta0.92
Market Beta1

Stable Share Price: INY is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: INY's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aJon Lechtehttps://www.incomeam.com

Income Asset Management Group Limited provides solutions for fixed income investors across treasury management, cash, bonds, debt capital markets, and asset management in Australia. It operates an online cash management platform that streamlines the process of investing in term deposits and at call accounts; and provides direct fixed income investment, funds management, and cash and term deposits. The company also provides asset management incubator services for fund managers to establish and grow their portfolio management capability; and treasury management services.

Income Asset Management Group Fundamentals Summary

How do Income Asset Management Group's earnings and revenue compare to its market cap?
INY fundamental statistics
Market CapAU$92.77m
Earnings (TTM)-AU$15.29m
Revenue (TTM)AU$4.29m

21.9x

P/S Ratio

-6.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
INY income statement (TTM)
RevenueAU$4.29m
Cost of RevenueAU$15.60m
Gross Profit-AU$11.31m
ExpensesAU$3.99m
Earnings-AU$15.29m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.057
Gross Margin-263.39%
Net Profit Margin-356.32%
Debt/Equity Ratio29.5%

How did INY perform over the long term?

See historical performance and comparison

Valuation

Is Income Asset Management Group undervalued compared to its fair value and its price relative to the market?

7.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate INY's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate INY's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: INY is unprofitable, so we can't compare its PE Ratio to the Australian Diversified Financial industry average.

PE vs Market: INY is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate INY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: INY is overvalued based on its PB Ratio (8x) compared to the AU Diversified Financial industry average (1.2x).


Future Growth

How is Income Asset Management Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-19.9%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Income Asset Management Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Income Asset Management Group performed over the past 5 years?

-55.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INY is currently unprofitable.

Growing Profit Margin: INY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INY is unprofitable, and losses have increased over the past 5 years at a rate of 55.8% per year.

Accelerating Growth: Unable to compare INY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: INY is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (-19%).


Return on Equity

High ROE: INY has a negative Return on Equity (-129.31%), as it is currently unprofitable.


Financial Health

How is Income Asset Management Group's financial position?


Financial Position Analysis

Short Term Liabilities: INY's short term assets (A$8.5M) exceed its short term liabilities (A$2.9M).

Long Term Liabilities: INY's short term assets (A$8.5M) exceed its long term liabilities (A$3.7M).


Debt to Equity History and Analysis

Debt Level: INY's debt to equity ratio (29.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if INY's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: INY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: INY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 34.8% each year


Dividend

What is Income Asset Management Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate INY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate INY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if INY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INY's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INY's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Jon Lechte

1.5yrs

Tenure

AU$588,063

Compensation

Mr. Jonathan Lechte, also known as Jon, serves as the Chief Executive Officer at Income Asset Management Group Limited (formerly known as Cashwerkz Limited) since April 01, 2020. He serves as an Executive...


CEO Compensation Analysis

Compensation vs Market: Jon's total compensation ($USD439.67K) is above average for companies of similar size in the Australian market ($USD302.06K).

Compensation vs Earnings: Jon's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: INY's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: INY's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35.5%.


Top Shareholders

Company Information

Income Asset Management Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Income Asset Management Group Limited
  • Ticker: INY
  • Exchange: ASX
  • Founded: 1987
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: AU$92.771m
  • Shares outstanding: 268.90m
  • Website: https://www.incomeam.com

Location

  • Income Asset Management Group Limited
  • 262 Adelaide Street
  • Level 1
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:03
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.