IMDEX LIMITED (IMD)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

IMD - IMDEX LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.57
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

$2.27

02 Jul
2024

0.040

OPEN

$2.24

1.79%

HIGH

$2.29

685,794

LOW

$2.23

TARGET
$2.174 -4.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . C79 . CDA . CDD . DCG . DOW . EHL . GNG . IPG . IPL . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RDG . RUL . SRG . SVW . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
IMD: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 8.0 10.6 xxx
DPS (cps) xxx 3.6 2.9 xxx
EPS Growth xxx - 28.4% 32.8% xxx
DPS Growth xxx 7.6% - 18.8% xxx
PE Ratio xxx N/A 21.5 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 45.3% 27.7% xxx

Dividend yield today if purchased 3 years ago: 1.81%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.59

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: 13/03 - ex-div 1.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx8.0
DPS All xxxxxxxxxxxxxxx3.6
Sales/Revenue xxxxxxxxxxxxxxx411.4 M
Book Value Per Share xxxxxxxxxxxxxxx110.0
Net Operating Cash Flow xxxxxxxxxxxxxxx82.5 M
Net Profit Margin xxxxxxxxxxxxxxx8.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx8.20 %
Return on Invested Capital xxxxxxxxxxxxxxx6.84 %
Return on Assets xxxxxxxxxxxxxxx5.83 %
Return on Equity xxxxxxxxxxxxxxx8.20 %
Return on Total Capital xxxxxxxxxxxxxxx11.56 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx46.4 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx34 M
Long Term Debt xxxxxxxxxxxxxxx128 M
Total Debt xxxxxxxxxxxxxxx161 M
Goodwill - Gross xxxxxxxxxxxxxxx320 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx58 M
Price To Book Value xxxxxxxxxxxxxxx1.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx27.2 M
Capex % of Sales xxxxxxxxxxxxxxx6.60 %
Cost of Goods Sold xxxxxxxxxxxxxxx275 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx76 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx14 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

0.4

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

04/06/2024

1

Initiation of Coverage with Add

$2.50

10.13%

Imdex is the leading global supplier of intelligent drill rig tools, drilling fluids and software to the mining industry. The company is predominantly exposed to the exploration market (80%) meaning its fortunes are largely tied to exploration spend, Morgans notes.

Exploration spend is driven by gold and copper prices as these commodities generally make up  around 50% and 25% of spend respectively.

Throughout its history, however, Morgans points out Imdex has demonstrated levers to grow above market by gaining share, introducing new products and upgrading products.

The broker initiates coverage with an Add rating and $2.50 target.

FORECAST
Morgans forecasts a full year FY24 dividend of 3.00 cents and EPS of 11.00 cents.
Morgans forecasts a full year FY25 dividend of 4.00 cents and EPS of 12.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

IMD STOCK CHART

FNArena News on IMD

1
Weekly Ratings, Targets, Forecast Changes – 14-06-24

Jun 17 2024 - Weekly Reports
2
Imdex’s Operational Leverage Attracts

Jun 06 2024 - Small Caps
3
Weekly Ratings, Targets, Forecast Changes – 10-05-24

May 13 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Mar 21, 2024

Mar 21 2024 - Daily Market Reports
5
Rudi’s View: CBA, GQG, Pilbara Minerals, Sonic Healthcare, Webjet & Xero

Mar 14 2024 - Rudi's View

Latest Mining Sector Contracting News

1
Imdex’s Operational Leverage Attracts

Jun 06 2024 - Small Caps
2
Orica Resumes Up-Trend

Apr 16 2024 - Technicals
3
Treasure Chest: Orica’s Technology Tailwind

Nov 21 2023 - Treasure Chest
4
Orica’s Green Ambitions Well-Received

Sep 25 2023 - Australia
5
Gold & Copper Add Confidence To DDH1’s Future

Feb 08 2023 - Small Caps
6
Mader Group Targets US Growth

Dec 22 2022 - Small Caps
7
Perenti Pleases with Guidance Upgrade

Dec 22 2022 - Small Caps
8
The Evolution of Imdex

Sep 15 2022 - Small Caps
9
Treasure Chest: Mining Services Undervalued

May 18 2022 - Treasure Chest
10
DDH1 On The Expansion Trail

Sep 10 2021 - Small Caps