| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
IMA Stock Overview
Image Resources NL operates as a mineral sands mining company in Western Australia.
Image Resources Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.18 |
| 52 Week High | AU$0.30 |
| 52 Week Low | AU$0.16 |
| Beta | 0.89 |
| 1 Month Change | -10.00% |
| 3 Month Change | -25.00% |
| 1 Year Change | -2.70% |
| 3 Year Change | -34.54% |
| 5 Year Change | 89.47% |
| Change since IPO | 5.88% |
Recent News & Updates
Returns At Image Resources (ASX:IMA) Are On The Way Up
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Shareholder Returns
| IMA | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -2.7% | -6.2% | 0.7% |
| 1Y | -2.7% | -20.2% | -11.4% |
Return vs Industry: IMA exceeded the Australian Metals and Mining industry which returned -15% over the past year.
Return vs Market: IMA exceeded the Australian Market which returned -10.8% over the past year.
Price Volatility
| IMA volatility | |
|---|---|
| IMA Average Weekly Movement | 5.8% |
| Metals and Mining Industry Average Movement | 11.8% |
| Market Average Movement | 10.2% |
| 10% most volatile stocks in AU Market | 16.6% |
| 10% least volatile stocks in AU Market | 4.5% |
Stable Share Price: IMA is less volatile than 75% 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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1994 | n/a | Patrick Mutz | https://www.imageres.com.au |
Image Resources NL operates as a mineral sands mining company in Western Australia. The company holds 100% interests in the Boonanarring and Atlas Mineral Sands Project, which are in North Perth Basin in Western Australia. It also holds 100% interests in the Hyperion and Helene projects located to the north of Atlas; the Bidaminna project located to the north of Perth; two gold tenements and King Gold prospect Farmin tenement located southeast of Kalgoorlie; and the McCalls and Mindarra Springs projects located to the north of Perth.
Image Resources Fundamentals Summary
| IMA fundamental statistics | |
|---|---|
| Market Cap | AU$192.83m |
| Earnings (TTM) | AU$19.38m |
| Revenue (TTM) | AU$178.85m |
10.0x
P/E Ratio1.1x
P/S RatioIs IMA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IMA income statement (TTM) | |
|---|---|
| Revenue | AU$178.85m |
| Cost of Revenue | AU$123.09m |
| Gross Profit | AU$55.76m |
| Other Expenses | AU$36.38m |
| Earnings | AU$19.38m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.018 |
| Gross Margin | 31.18% |
| Net Profit Margin | 10.84% |
| Debt/Equity Ratio | 0% |
How did IMA perform over the long term?
See historical performance and comparisonDividends
11.1%
Current Dividend Yield103%
Payout RatioValuation
Is IMA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IMA?
Other financial metrics that can be useful for relative valuation.
| What is IMA's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | AU$192.83m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.6x |
| Enterprise Value/EBITDA | 1.7x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does IMA's PE Ratio compare to its peers?
| IMA PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 22.3x | ||
MLD MACA | 7.7x | 18.4% | AU$240.9m |
GNG GR Engineering Services | 11x | n/a | AU$323.0m |
CII CI Resources | 21x | n/a | AU$152.6m |
CEL Challenger Exploration | 49.3x | n/a | AU$174.5m |
IMA Image Resources | 10x | n/a | AU$192.8m |
Price-To-Earnings vs Peers: IMA is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (22.3x).
Price to Earnings Ratio vs Industry
How does IMA's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Earnings vs Industry: IMA is expensive based on its Price-To-Earnings Ratio (10x) compared to the Australian Metals and Mining industry average (9x)
Price to Earnings Ratio vs Fair Ratio
What is IMA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IMA's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of IMA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IMA (A$0.18) is trading below our estimate of fair value (A$1.47)
Significantly Below Fair Value: IMA is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate IMA's PEG Ratio to determine if it is good value.
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Future Growth
How is Image Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-6.6%
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.
Discover growth companies
- Examine whether Image Resources is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Image Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Image Resources performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
52.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMA has high quality earnings.
Growing Profit Margin: IMA's current net profit margins (10.8%) are lower than last year (14.1%).
Past Earnings Growth Analysis
Earnings Trend: IMA has become profitable over the past 5 years, growing earnings by 52.6% 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 (-21.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (57.3%).
Return on Equity
High ROE: IMA's Return on Equity (17.5%) is considered low.
Discover strong past performing companies
Financial Health
How is Image Resources's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: IMA's short term assets (A$105.6M) exceed its short term liabilities (A$31.8M).
Long Term Liabilities: IMA's short term assets (A$105.6M) exceed its long term liabilities (A$36.5M).
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 38.7%.
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
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Dividend
What is Image Resources's current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
11.11%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IMA's dividend (11.11%) is higher than the bottom 25% of dividend payers in the Australian market (2.71%).
High Dividend: IMA's dividend (11.11%) is in the top 25% of dividend payers in the Australian market (6.86%)
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.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (103%), IMA's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (33.8%), IMA's dividend payments are well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.9yrs
Average management tenure
CEO
Patrick Mutz (64 yo)
6.08yrs
Tenure
AU$731,205
Compensation
Mr. Patrick Roy Mutz, BSc/BM (Hons), MBA/GM, FAusIMM, MSME, REM(USA), MA, serves as Independent Non-Executive Director at Aura Energy Limited since May 18, 2022. He has been Managing Director of Image Reso...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD495.03K) is above average for companies of similar size in the Australian market ($USD282.74K).
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 (6.9 years average tenure).
Board Members
Experienced Board: IMA's board of directors are considered experienced (6.1 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.4%.
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
- Implied Market Cap: AU$192.827m
- Shares outstanding: 1.07b
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/06 00:00 |
| End of Day Share Price | 2022/07/06 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.