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IMA

Image ResourcesASX:IMA Stock Report

Market Cap

AU$192.4m

7D

5.6%

1Y

-2.6%

Updated

25 Oct, 2021

Data

Company Financials
IMA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

IMA Overview

Image Resources NL operates as a mineral sands mining company in Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Image Resources
Historical stock prices
Current Share PriceAU$0.19
52 Week HighAU$0.15
52 Week LowAU$0.20
Beta1.2
1 Month Change11.77%
3 Month Change2.70%
1 Year Change-2.56%
3 Year Change58.33%
5 Year Change245.45%
Change since IPO11.77%

Recent News & Updates

May 20
Shareholders May Be More Conservative With Image Resources NL's (ASX:IMA) CEO Compensation For Now

Shareholders May Be More Conservative With Image Resources NL's (ASX:IMA) CEO Compensation For Now

Under the guidance of CEO Patrick Mutz, Image Resources NL ( ASX:IMA ) has performed reasonably well recently. In light...

May 03
We Like Image Resources' (ASX:IMA) Returns And Here's How They're Trending

We Like Image Resources' (ASX:IMA) Returns And Here's How They're Trending

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

IMAAU Metals and MiningAU Market
7D5.6%-1.7%0.6%
1Y-2.6%10.8%21.3%

Return vs Industry: IMA underperformed the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: IMA underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is IMA's price volatile compared to industry and market?
IMA volatility
IMA Beta1.2
Industry Beta0.97
Market Beta1

Stable Share Price: IMA is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: IMA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994n/aPatrick Mutzhttps://www.imageres.com.au

Image Resources NL operates as a mineral sands mining company in Western Australia. It holds 100% interests in the Boonanarring and Atlas Mineral Sands Project, which are in North Perth Basin in Western Australia. The company was incorporated in 1994 and is based in West Perth, Australia.

Image Resources Fundamentals Summary

How do Image Resources's earnings and revenue compare to its market cap?
IMA fundamental statistics
Market CapAU$192.40m
Earnings (TTM)AU$13.50m
Revenue (TTM)AU$178.87m

14.3x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IMA income statement (TTM)
RevenueAU$178.87m
Cost of RevenueAU$131.48m
Gross ProfitAU$47.39m
ExpensesAU$33.89m
EarningsAU$13.50m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.013
Gross Margin26.49%
Net Profit Margin7.55%
Debt/Equity Ratio0%

How did IMA perform over the long term?

See historical performance and comparison

Dividends

10.5%

Current Dividend Yield

147%

Payout Ratio

Valuation

Is Image Resources undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IMA (A$0.19) is trading below our estimate of fair value (A$1.08)

Significantly Below Fair Value: IMA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IMA is good value based on its PE Ratio (14.3x) compared to the Australian Metals and Mining industry average (14.6x).

PE vs Market: IMA is good value based on its PE Ratio (14.3x) compared to the Australian market (19.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IMA is good value based on its PB Ratio (2.1x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Image Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.5%

Forecasted Materials 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 Image Resources 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 Image Resources performed over the past 5 years?

60.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMA has high quality earnings.

Growing Profit Margin: IMA's current net profit margins (7.5%) are lower than last year (18.8%).


Past Earnings Growth Analysis

Earnings Trend: IMA has become profitable over the past 5 years, growing earnings by 60.6% per year.

Accelerating Growth: IMA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IMA had negative earnings growth (-52%) over the past year, making it difficult to compare to the Metals and Mining industry average (35.3%).


Return on Equity

High ROE: IMA's Return on Equity (14.6%) is considered low.


Financial Health

How is Image Resources's financial position?


Financial Position Analysis

Short Term Liabilities: IMA's short term assets (A$67.7M) exceed its short term liabilities (A$18.2M).

Long Term Liabilities: IMA's short term assets (A$67.7M) exceed its long term liabilities (A$24.5M).


Debt to Equity History and Analysis

Debt Level: IMA is debt free.

Reducing Debt: IMA has no debt compared to 5 years ago when its debt to equity ratio was 30.3%.

Debt Coverage: IMA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: IMA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Image Resources's current dividend yield, its reliability and sustainability?

10.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IMA's dividend (10.53%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).

High Dividend: IMA's dividend (10.53%) is in the top 25% of dividend payers in the Australian market (5.3%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether IMA's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if IMA's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (147.2%), IMA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.2yrs

Average management tenure


CEO

Patrick Mutz (63 yo)

5.33yrs

Tenure

AU$622,431

Compensation

Mr. Patrick Roy Mutz, BSc/BM (Hons), MBA/GM, FAusIMM, MSME, REM(USA), MA, has been Managing Director of Image Resources NL since June 08, 2016. Mr. Mutz serves as Chief Executive Officer of Murray Zircon P...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD466.59K) is above average for companies of similar size in the Australian market ($USD302.38K).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: IMA's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: IMA's board of directors are considered experienced (5.3 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.


Top Shareholders

Company Information

Image Resources NL's employee growth, exchange listings and data sources


Key Information

  • Name: Image Resources NL
  • Ticker: IMA
  • Exchange: ASX
  • Founded: 1994
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$192.402m
  • Shares outstanding: 1.01b
  • Website: https://www.imageres.com.au

Location

  • Image Resources NL
  • 7 Ventnor Avenue
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:44
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.