Image Resources NL operates as a mineral sands mining company in Western Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.19|
|52 Week High||AU$0.15|
|52 Week Low||AU$0.20|
|1 Month Change||11.77%|
|3 Month Change||2.70%|
|1 Year Change||-2.56%|
|3 Year Change||58.33%|
|5 Year Change||245.45%|
|Change since IPO||11.77%|
Recent News & Updates
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...
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...
|IMA||AU Metals and Mining||AU Market|
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.
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
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
|IMA fundamental statistics|
Is IMA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IMA income statement (TTM)|
|Cost of Revenue||AU$131.48m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.013|
|Net Profit Margin||7.55%|
How did IMA perform over the long term?See historical performance and comparison
10.5%Current Dividend Yield
Is Image Resources undervalued compared to its fair value and its price relative to the market?
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).
How is Image Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Image Resources performed over the past 5 years?
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.
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$24.5M).
Debt to Equity History and Analysis
Debt Level: IMA is debt free.
Reducing Debt: IMA has no debt compared to 5 years ago when its debt to equity ratio was 30.3%.
Debt Coverage: IMA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IMA has no debt, therefore coverage of interest payments is not a concern.
What is Image Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IMA's dividend (10.53%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: IMA's dividend (10.53%) is in the top 25% of dividend payers in the Australian market (5.3%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether IMA's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if IMA's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (147.2%), IMA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrick Mutz (63 yo)
Mr. Patrick Roy Mutz, BSc/BM (Hons), MBA/GM, FAusIMM, MSME, REM(USA), MA, has been Managing Director of Image Resources NL since June 08, 2016. Mr. Mutz serves as Chief Executive Officer of Murray Zircon P...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($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.
Experienced Management: IMA's management team is seasoned and experienced (6.2 years average tenure).
Experienced Board: IMA's board of directors are considered experienced (5.3 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.
Image Resources NL's employee growth, exchange listings and data sources
- 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
- Image Resources NL
- 7 Ventnor Avenue
- Level 2
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:44|
|End of Day Share Price||2021/10/25 00:00|
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.