IMDEX LIMITED (IMD)
Share Price Analysis and Chart

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IMD

IMD - IMDEX LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.81
Index: ASX200 | 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

$3.34

12 Sep
2025

0.030

OPEN

$3.28

0.91%

HIGH

$3.37

1,262,299

LOW

$3.28

TARGET
$3.54 6.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . ARI . C79 . CDA . DNL . DOW . EHL . GNG . IPG . LBL . LYL . MAD . MAH . MIN . MLG . MND . MSV . MYE . NWH . ORI . PRN . RAN . RCR . RUL . SGH . SRG . SXE . XRF .
FNARENA'S MARKET CONSENSUS FORECASTS
IMD: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 10.8 11.0 xxx
DPS (cps) xxx 2.5 3.8 xxx
EPS Growth xxx 69.5% 1.7% xxx
DPS Growth xxx - 9.6% 48.6% xxx
PE Ratio xxx N/A 30.5 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 23.5% 34.3% xxx

Dividend yield today if purchased 3 years ago: 1.23%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.76

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx10.8
DPS All xxxxxxxxxxxxxxx2.5
Sales/Revenue xxxxxxxxxxxxxxx431.4 M
Book Value Per Share xxxxxxxxxxxxxxx123.0
Net Operating Cash Flow xxxxxxxxxxxxxxx123.5 M
Net Profit Margin xxxxxxxxxxxxxxx12.79 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx9.19 %
Return on Invested Capital xxxxxxxxxxxxxxx7.96 %
Return on Assets xxxxxxxxxxxxxxx6.83 %
Return on Equity xxxxxxxxxxxxxxx9.19 %
Return on Total Capital xxxxxxxxxxxxxxx9.95 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx62.1 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx93 M
Total Debt xxxxxxxxxxxxxxx100 M
Goodwill - Gross xxxxxxxxxxxxxxx325 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx43 M
Price To Book Value xxxxxxxxxxxxxxx2.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx57.4 M
Capex % of Sales xxxxxxxxxxxxxxx13.30 %
Cost of Goods Sold xxxxxxxxxxxxxxx303 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx58 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx8 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

0.2

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

26/08/2025

3

Neutral

$3.55

6.29%

After further analysis of Imdex's FY25 result, Citi raises its target price to $3.55 from $3.15 and maintains a Neutral rating.

As 4Q results came in ahead of the broker's expectations and there were early signs of resilience in 1Q FY26, Citi applies a higher valuation multiple to reflect Imdex's strength and strategic diversification.

A summary of the initial take by Citi on the FY25 results follows.

At first glance, Citi notes Imdex's FY25 missed expectations. Revenue of $431m was above estimates due to better Americas and Africa/Europe performance, which was offset by APAC.

Margins from Africa/Europe were a beat, with earnings (EBITDA) above expectations by 8%-9%. Hub-IQ connected sensors rose 11% on the prior year, and the balance sheet remains strong. Revenue from Krux and Datarock was positive, up 86% and 63%, respectively.

Higher net interest costs weighed on net profit after tax, and a 2.5c dividend was a decline of -11% on the prior period and a big miss.

Citi continues to be cautious on the company's outlook despite some positive signs with SaaS revenue growth and the take-up of Hub-IQ.

Shares are likely to trade lower today, commentary suggests. 

FORECAST
Citi forecasts a full year FY26 dividend of 3.00 cents and EPS of 9.80 cents.
Citi forecasts a full year FY27 dividend of 4.00 cents and EPS of 11.70 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$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

Jarden

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

31/07/2025

1

Buy

$3.18

-4.79%

Canaccord Genuity believes the exploration drilling cycle is accelerating, and Imdex's acquisition of an 80% stake in Earth Science Analytics (ESA) will assist the company in capturing more market share.

Orebody knowledge is becoming more technology-based, and ESA, a Norwegian software company, will enhance Imdex's digital solutions.

The EarthNet product is a geoscience platform that enables increased efficiency and integration of large amounts of geophysical and drilling data for machine learning tools.

ESA is expected to add revenue of $4m in FY26, and the stake has been acquired for -$26m. Buy rating re-iterated. Target price rises to $3.18 from $3.04.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 3.90 cents and EPS of 11.00 cents.
Access Extra Coverage Research History >

IMD STOCK CHART

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