IMDEX LIMITED (IMD)
Share Price Analysis and Chart

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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

$2.00

07 May
2024

-0.090

OPEN

$2.07

-4.31%

HIGH

$2.08

1,313,520

LOW

$1.99

TARGET
$2.113 5.6% upside
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 N/A 10.7 xxx
DPS (cps) xxx N/A 2.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 17.7 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx N/A 27.0% xxx

Dividend yield today if purchased 3 years ago: 1.88%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.90

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

0.5

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

06/05/2024

3

Downgrade to Neutral from Buy

$2.20

10.00%

Citi analysts have downgraded to Neutral from Buy in response to Imdex shares rallying by some 30% since the release of interim financials.

Citi suspects rising prices for gold and copper are responsible as they feed into expectations of progressive improvement in exploration activity levels.

Citi, however, has seen no evidence that step-up in exploration is actually occurring. With typical lead time of 6-9 months between junior fund raisings and exploration, the broker believes could still be in excess of 12 months before such a meaningful contribution from juniors can be witnessed.

Target price has lost -5c to $2.20.

FORECAST
Citi forecasts a full year FY24 dividend of 3.00 cents and EPS of 10.50 cents.
Citi forecasts a full year FY25 dividend of 3.00 cents and EPS of 11.80 cents.

Bell Potter

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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IMD STOCK CHART

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