IMDEX LIMITED (IMD)
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IMD - IMDEX LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.03
Index: ASX300 | ALL-ORDS

Imdex is an Australian mining tech company. It manufacturers & provides drilling fluids, chemicals, mining instumentation and data & geo-analytical services. Formed in 1980, it became a listed company in 1987.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.51

02 Dec
2024

-0.050

OPEN

$2.51

-1.95%

HIGH

$2.56

517,573

LOW

$2.51

TARGET
$2.28

+0.05 change from previous day

 -9.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . CDD . DOW . EHL . GNG . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RDG . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
IMD: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 6.4 9.7 xxx
DPS (cps) xxx 2.8 3.2 xxx
EPS Growth xxx - 20.0% 53.1% xxx
DPS Growth xxx - 22.2% 13.6% xxx
PE Ratio xxx N/A 25.9 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 44.0% 32.6% xxx

Dividend yield today if purchased 3 years ago: 1.01%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.11

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 25/09 - ex-div 1.30c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx6.4
DPS All xxxxxxxxxxxxxxx2.8
Sales/Revenue xxxxxxxxxxxxxxx445.3 M
Book Value Per Share xxxxxxxxxxxxxxx111.9
Net Operating Cash Flow xxxxxxxxxxxxxxx108.0 M
Net Profit Margin xxxxxxxxxxxxxxx7.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx5.75 %
Return on Invested Capital xxxxxxxxxxxxxxx4.80 %
Return on Assets xxxxxxxxxxxxxxx4.07 %
Return on Equity xxxxxxxxxxxxxxx5.75 %
Return on Total Capital xxxxxxxxxxxxxxx9.94 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx60.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx34 M
Long Term Debt xxxxxxxxxxxxxxx94 M
Total Debt xxxxxxxxxxxxxxx128 M
Goodwill - Gross xxxxxxxxxxxxxxx325 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx47 M
Price To Book Value xxxxxxxxxxxxxxx1.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx33.5 M
Capex % of Sales xxxxxxxxxxxxxxx7.53 %
Cost of Goods Sold xxxxxxxxxxxxxxx306 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx69 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx11 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Bell Potter

16/10/2024

3

Hold

$2.25

-10.36%

Imdex reported 1Q25 results with a fall in revenue of -11% on the previous year and up 3% on the quarter, Bell Potter explains, driven by a decline in average sensors on hire of -6% compared to the same period in FY23.

The broker points to an improved product mix as a positive outcome, including higher margin sensors and SaaS sales.

Junior equity listings remain "subdued" the analyst notes but did grow month-on-month and year-on-year by 76% and 62%, respectively.

Target price is raised to $2.25 from $2.05 due to a lower cost of capital in the valuation. Hold rating remains.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 2.90 cents and EPS of 9.80 cents.
Bell Potter forecasts a full year FY26 dividend of 3.60 cents and EPS of 12.00 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

27/08/2024

2

Overweight

$2.30

-8.37%

Imdex reported underlying earnings in line with Jarden. The company is edging closer to the upswing but rebasing earnings first, the broker notes.

While FY24 was largely in line from an operating result perspective, Jarden suggests the outlook into FY25 remains mixed. Imdex has signalled 'flat market activity' into FY25 which, without industry benchmark exploration budgets being set, is yet to meaningfully demonstrate any uplift.

Balancing the potential for a more positive earnings outlook come 2025, the broker materially rebases earnings forecasts and growth expectations, now having greater confidence the risk/reward dynamics have improved.

Upgrade to Overweight from Neutral. Target unchanged at $2.30.

FORECAST
Jarden forecasts a full year FY25 dividend of 3.20 cents and EPS of 9.70 cents.
Jarden forecasts a full year FY26 dividend of 3.90 cents and EPS of 11.90 cents.
Access Extra Coverage Research History >

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