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IMD

ImdexASX:IMD Stock Report

Market Cap

AU$1.1b

7D

3.3%

1Y

125.3%

Updated

27 Oct, 2021

Data

Company Financials +
IMD fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends0/6

IMD Overview

Imdex Limited, together with its subsidiaries, provides drilling optimization products and sensors for the minerals industry in the Asia-Pacific, Africa, Europe, and the Americas.

Imdex Competitors

Boart Longyear Group

ASX:BLY

AU$946.9m

Perenti Global

ASX:PRN

AU$737.2m

Macmahon Holdings

ASX:MAH

AU$430.5m

GR Engineering Services

ASX:GNG

AU$283.2m

Price History & Performance

Summary of all time highs, changes and price drops for Imdex
Historical stock prices
Current Share PriceAU$2.85
52 Week HighAU$1.17
52 Week LowAU$2.87
Beta1.28
1 Month Change21.80%
3 Month Change37.68%
1 Year Change125.30%
3 Year Change147.83%
5 Year Change371.07%
Change since IPO3,252.94%

Recent News & Updates

Oct 07
Does Imdex (ASX:IMD) Deserve A Spot On Your Watchlist?

Does Imdex (ASX:IMD) Deserve A Spot On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

IMDAU Metals and MiningAU Market
7D3.3%-0.06%0.4%
1Y125.3%15.4%24.3%

Return vs Industry: IMD exceeded the Australian Metals and Mining industry which returned 15.4% over the past year.

Return vs Market: IMD exceeded the Australian Market which returned 24.3% over the past year.

Price Volatility

Is IMD's price volatile compared to industry and market?
IMD volatility
IMD Beta1.28
Industry Beta0.97
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1980521Paul Househttps://www.imdexlimited.com

Imdex Limited, together with its subsidiaries, provides drilling optimization products and sensors for the minerals industry in the Asia-Pacific, Africa, Europe, and the Americas. The company sells and rents drilling optimization products, including drilling fluids, solids removal units, remote fluid testing technologies, rig alignment technologies, and drilling productivity technologies; and rents rock knowledge sensors, which include downhole survey, core orientation, gamma logging, structural orientation, and in-field sampling and analysis sensors. It also provides real-time data and analytics solutions, such as IMDEXHUB-IQ, a cloud-based data collection and validation platform; IMDEX Mobile, an advanced reporting software; ioGAS, a geoscience analytics software; and aiSIRIS, an interpretive mineralogy software.

Imdex Fundamentals Summary

How do Imdex's earnings and revenue compare to its market cap?
IMD fundamental statistics
Market CapAU$1.13b
Earnings (TTM)AU$31.67m
Revenue (TTM)AU$264.38m

35.7x

P/E Ratio

4.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IMD income statement (TTM)
RevenueAU$264.38m
Cost of RevenueAU$83.53m
Gross ProfitAU$180.84m
ExpensesAU$149.17m
EarningsAU$31.67m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 07, 2022

Earnings per share (EPS)0.08
Gross Margin68.40%
Net Profit Margin11.98%
Debt/Equity Ratio4.4%

How did IMD perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

30%

Payout Ratio

Valuation

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

24.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IMD (A$2.85) is trading below our estimate of fair value (A$3.78)

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


Price To Earnings Ratio

PE vs Industry: IMD is poor value based on its PE Ratio (35.7x) compared to the Australian Metals and Mining industry average (15x).

PE vs Market: IMD is poor value based on its PE Ratio (35.7x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: IMD is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: IMD is overvalued based on its PB Ratio (4.5x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Imdex forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMD's forecast earnings growth (16.1% per year) is above the savings rate (1.9%).

Earnings vs Market: IMD's earnings (16.1% per year) are forecast to grow faster than the Australian market (11.8% per year).

High Growth Earnings: IMD's earnings are forecast to grow, but not significantly.

Revenue vs Market: IMD's revenue (9.6% per year) is forecast to grow faster than the Australian market (5.4% per year).

High Growth Revenue: IMD's revenue (9.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IMD's Return on Equity is forecast to be low in 3 years time (16%).


Past Performance

How has Imdex performed over the past 5 years?

32.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMD has high quality earnings.

Growing Profit Margin: IMD's current net profit margins (12%) are higher than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: IMD has become profitable over the past 5 years, growing earnings by 32.1% per year.

Accelerating Growth: IMD's earnings growth over the past year (45.5%) exceeds its 5-year average (32.1% per year).

Earnings vs Industry: IMD earnings growth over the past year (45.5%) exceeded the Metals and Mining industry 35.3%.


Return on Equity

High ROE: IMD's Return on Equity (12.5%) is considered low.


Financial Health

How is Imdex's financial position?


Financial Position Analysis

Short Term Liabilities: IMD's short term assets (A$165.7M) exceed its short term liabilities (A$58.0M).

Long Term Liabilities: IMD's short term assets (A$165.7M) exceed its long term liabilities (A$55.1M).


Debt to Equity History and Analysis

Debt Level: IMD's debt to equity ratio (4.4%) is considered satisfactory.

Reducing Debt: IMD's debt to equity ratio has reduced from 36.8% to 4.4% over the past 5 years.

Debt Coverage: IMD's debt is well covered by operating cash flow (511.3%).

Interest Coverage: IMD's interest payments on its debt are well covered by EBIT (14.3x coverage).


Balance Sheet


Dividend

What is Imdex current dividend yield, its reliability and sustainability?

0.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IMD's dividend (0.84%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.21%).

High Dividend: IMD's dividend (0.84%) is low compared to the top 25% of dividend payers in the Australian market (5.33%).


Stability and Growth of Payments

Stable Dividend: IMD is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.

Growing Dividend: IMD is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: IMD is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IMD'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?

1.3yrs

Average management tenure


CEO

Paul House (51 yo)

1.25yrs

Tenure

AU$1,148,068

Compensation

Mr. Paul House, GAICD, B.Com. (UWA), serves as Chief Executive Officer of Imdex Limited since July 01, 2020. He had been Chief Operating Officer at Imdex Limited since August 2018 until July 01, 2020. He j...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD861.72K) is about average for companies of similar size in the Australian market ($USD988.88K).

Compensation vs Earnings: Paul's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: IMD's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: IMD'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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Imdex Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Imdex Limited
  • Ticker: IMD
  • Exchange: ASX
  • Founded: 1980
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$1.130b
  • Shares outstanding: 396.45m
  • Website: https://www.imdexlimited.com

Number of Employees


Location

  • Imdex Limited
  • 216 Balcatta Road
  • Balcatta
  • Western Australia
  • 6021
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 07:05
End of Day Share Price2021/10/27 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.