Imdex Limited

CHIA:IMD Stock Report

Market Cap: AU$1.3b

Imdex Valuation

Is IMD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IMD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IMD (A$2.5) is trading below our estimate of fair value (A$3.43)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IMD?

Key metric: As IMD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IMD. This is calculated by dividing IMD's market cap by their current earnings.
What is IMD's PE Ratio?
PE Ratio39.7x
EarningsAU$32.40m
Market CapAU$1.28b

Price to Earnings Ratio vs Peers

How does IMD's PE Ratio compare to its peers?

The above table shows the PE ratio for IMD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.3x
PRN Perenti
12x23.3%AU$1.1b
BLY Boart Longyear Group
42.4xn/aAU$861.1m
MAH Macmahon Holdings
14.1x11.1%AU$749.6m
ILU Iluka Resources
8.7x5.5%AU$2.4b
IMD Imdex
39.7x19.6%AU$1.3b

Price-To-Earnings vs Peers: IMD is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the peer average (19.3x).

Price to Earnings Ratio vs Industry

How does IMD's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KCN Kingsgate Consolidated
1.9x-13.3%US$246.36m
GRR Grange Resources
2.7xn/aUS$183.74m
RHI Red Hill Minerals
1.8xn/aUS$183.26m
PTN Patronus Resources
2.3xn/aUS$65.78m
IMD 39.7xIndustry Avg. 11.9xNo. of Companies13PE01224364860+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IMD is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the Australian Metals and Mining industry average (11.9x).

Price to Earnings Ratio vs Fair Ratio

What is IMD'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.

IMD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.7x
Fair PE Ratio18.9x

Price-To-Earnings vs Fair Ratio: IMD is expensive based on its Price-To-Earnings Ratio (39.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IMD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.50
AU$2.32
-7.1%
8.4%AU$2.67AU$1.95n/a8
Nov ’25AU$2.60
AU$2.29
-12.1%
8.3%AU$2.67AU$1.95n/a9
Oct ’25AU$2.34
AU$2.22
-5.3%
6.6%AU$2.40AU$1.95n/a9
Sep ’25AU$2.25
AU$2.18
-3.2%
8.0%AU$2.40AU$1.90n/a10
Aug ’25AU$2.37
AU$2.16
-8.8%
12.1%AU$2.50AU$1.60n/a9
Jul ’25AU$2.23
AU$2.12
-4.6%
12.4%AU$2.50AU$1.60n/a9
Jun ’25AU$2.21
AU$2.06
-6.8%
10.8%AU$2.30AU$1.60n/a8
May ’25AU$2.10
AU$2.15
+2.5%
9.4%AU$2.45AU$1.75n/a9
Apr ’25AU$2.33
AU$2.15
-7.6%
9.4%AU$2.45AU$1.75n/a9
Mar ’25AU$2.03
AU$2.15
+6.1%
9.4%AU$2.45AU$1.75n/a9
Feb ’25AU$1.65
AU$2.00
+21.4%
8.6%AU$2.20AU$1.60n/a8
Jan ’25AU$1.89
AU$2.02
+7.2%
8.3%AU$2.20AU$1.60n/a8
Dec ’24AU$1.87
AU$1.98
+6.0%
10.6%AU$2.23AU$1.60n/a9
Nov ’24AU$1.62
AU$1.98
+22.1%
10.6%AU$2.23AU$1.60AU$2.609
Oct ’24AU$1.56
AU$1.99
+27.9%
9.7%AU$2.23AU$1.60AU$2.349
Sep ’24AU$1.65
AU$2.04
+23.8%
6.7%AU$2.23AU$1.70AU$2.259
Aug ’24AU$2.01
AU$2.43
+21.1%
11.0%AU$2.86AU$2.00AU$2.379
Jul ’24AU$1.89
AU$2.54
+34.6%
10.7%AU$3.00AU$2.10AU$2.239
Jun ’24AU$1.80
AU$2.80
+55.4%
8.8%AU$3.20AU$2.23AU$2.219
May ’24AU$2.12
AU$2.90
+36.8%
5.2%AU$3.20AU$2.69AU$2.107
Apr ’24AU$2.24
AU$2.88
+28.6%
5.1%AU$3.20AU$2.69AU$2.338
Mar ’24AU$2.40
AU$2.77
+15.8%
14.0%AU$3.20AU$1.75AU$2.039
Feb ’24AU$2.50
AU$2.67
+6.7%
13.6%AU$3.00AU$1.75AU$1.659
Jan ’24AU$2.22
AU$2.51
+12.9%
13.3%AU$2.85AU$1.75AU$1.899
Dec ’23AU$2.32
AU$2.48
+7.0%
14.0%AU$2.85AU$1.75AU$1.878
Nov ’23AU$2.11
AU$2.44
+15.5%
14.3%AU$2.85AU$1.75AU$1.627

Analyst Forecast: Target price is lower than the current share price.

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