Imdex Limited, together with its subsidiaries, provides mining equipment, technology, and services for the minerals industry in the Asia-Pacific, Africa, Europe, the Americas, and internationally.
Flawless balance sheet with proven track record.
Share Price & News
How has Imdex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMD's share price has been volatile over the past 3 months.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: IMD exceeded the Australian Metals and Mining industry which returned 2% over the past year.
Return vs Market: IMD exceeded the Australian Market which returned -10.6% over the past year.
Price Volatility Vs. Market
How volatile is Imdex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Is Imdex's (ASX:IMD) P/E Ratio After Its Share Price Rocketed?
2 weeks ago | Simply Wall StNeed To Know: Imdex Limited (ASX:IMD) Insiders Have Been Selling Shares
4 weeks ago | Simply Wall StA Rising Share Price Has Us Looking Closely At Imdex Limited's (ASX:IMD) P/E Ratio
Is Imdex 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: IMD (A$1.2) is trading below our estimate of fair value (A$1.36)
Significantly Below Fair Value: IMD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: IMD is poor value based on its PE Ratio (14.2x) compared to the Metals and Mining industry average (10.1x).
PE vs Market: IMD is good value based on its PE Ratio (14.2x) compared to the Australian market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: IMD is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: IMD is overvalued based on its PB Ratio (2.1x) compared to the AU Metals and Mining industry average (1.5x).
How is Imdex forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IMD's forecast earnings growth (5.3% per year) is above the savings rate (2.3%).
Earnings vs Market: IMD's earnings (5.3% per year) are forecast to grow slower than the Australian market (15% per year).
High Growth Earnings: IMD's earnings are forecast to grow, but not significantly.
Revenue vs Market: IMD's revenue (4.4% per year) is forecast to grow slower than the Australian market (4.5% per year).
High Growth Revenue: IMD's revenue (4.4% 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 (11.1%).
How has Imdex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMD has high quality earnings.
Growing Profit Margin: IMD's current net profit margins (13.1%) are higher than last year (10.1%).
Past Earnings Growth Analysis
Earnings Trend: IMD has become profitable over the past 5 years, growing earnings by 50.9% per year.
Accelerating Growth: IMD's earnings growth over the past year (34.5%) is below its 5-year average (50.9% per year).
Earnings vs Industry: IMD earnings growth over the past year (34.5%) exceeded the Metals and Mining industry -7.9%.
Return on Equity
High ROE: IMD's Return on Equity (14.5%) is considered low.
How is Imdex's financial position?
Financial Position Analysis
Short Term Liabilities: IMD's short term assets (A$128.6M) exceed its short term liabilities (A$39.5M).
Long Term Liabilities: IMD's short term assets (A$128.6M) exceed its long term liabilities (A$40.3M).
Debt to Equity History and Analysis
Debt Level: IMD's debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: IMD's debt to equity ratio has reduced from 20.9% to 2.8% over the past 5 years.
Debt Coverage: IMD's debt is well covered by operating cash flow (662.5%).
Interest Coverage: IMD's interest payments on its debt are well covered by EBIT (29.2x coverage).
What is Imdex's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IMD's dividend (2.33%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.68%).
High Dividend: IMD's dividend (2.33%) is low compared to the top 25% of dividend payers in the Australian market (6.6%).
Stability and Growth of Payments
Stable Dividend: IMD has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: IMD has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.3%), IMD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IMD's dividends in 3 years are forecast to be well covered by earnings (41% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bernie Ridgeway (66yo)
Mr. Bernard William Ridgeway, also known as Bernie, B.Bus (ACCTG) ACA AICD, has been the Managing Director of Imdex Limited since July 3, 2000. He embraces a hands on management style and has Extensive Exp ...
CEO Compensation Analysis
Compensation vs Market: Bernie's total compensation ($USD0.00) is below average for companies of similar size in the Australian market ($USD779.58K).
Compensation vs Earnings: Bernie's compensation has increased by more than 20% in the past year.
|MD & Director||20yrs||AU$1.56m||1.02% A$5.1m|
|CFO & Company Secretary||13.58yrs||AU$691.06k||0.13% A$654.0k|
|Global Business Development Director||1.75yrs||AU$707.41k||0.055% A$276.3k|
|Chief Operating Officer||1.75yrs||no data||no data|
|Chief Information & Transformation Officer||1.75yrs||no data||no data|
|Investor Relations Officer & Corporate Communications||no data||no data||no data|
|General Counsel||1.33yrs||no data||no data|
|Human Resources Director||1.75yrs||no data||no data|
|Chief Engineer of System Entwicklungs GmbH (SEG)||no data||no data||no data|
|Chief Electronics Engineer of Imdex Technology (UK) Limited||no data||no data||no data|
Experienced Management: IMD's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|MD & Director||20yrs||AU$1.56m||1.02% A$5.1m|
|Independent Non Executive Director||16.33yrs||AU$98.55k||0.053% A$262.8k|
|Independent Non-Executive Director||4.83yrs||AU$98.55k||0.016% A$79.8k|
|Non-Executive Chairman||3.83yrs||AU$175.00k||0.18% A$899.5k|
|Independent Non-Executive Director||3.25yrs||AU$39.73k||0.018% A$90.0k|
Experienced Board: IMD's board of directors are considered experienced (4.8 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
Imdex Limited's company bio, employee growth, exchange listings and data sources
- Name: Imdex Limited
- Ticker: IMD
- Exchange: ASX
- Founded: 1980
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$498.654m
- Shares outstanding: 388.06m
- Website: https://www.imdexlimited.com
Number of Employees
- Imdex Limited
- 216 Balcatta Road
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IMD||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|IMDX.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|IDG||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|IMD||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
Imdex Limited, together with its subsidiaries, provides mining equipment, technology, and services for the minerals industry in the Asia-Pacific, Africa, Europe, the Americas, and internationally. The company offers drilling fluids, equipment, technologies, and software used to optimize drilling programs, as well as solutions for the minerals, horizontal directional drilling, water well, and civil construction sectors under the AMC brand. It also provides downhole instrumentation, data management, and analytical software for geological modelling, as well as geo-scientific data analysis and interpretation under the REFLEX brand. The company was formerly known as Pilbara Gold NL and changed its name to Imdex Limited in July 1985. Imdex Limited was incorporated in 1980 and is headquartered in Balcatta, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 10:31|
|End of Day Share Price||2020/05/28 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.