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: 0.45
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

$1.87

02 Jun
2023

0.070

OPEN

$1.84

3.89%

HIGH

$1.87

1,365,668

LOW

$1.82

TARGET
$2.85 52.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . ANG . BLY . C79 . CDA . CDD . DCG . DDH . 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 FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 11.1 14.0 xxx
DPS (cps) xxx 3.3 3.6 xxx
EPS Growth xxx 40.7% 26.4% xxx
DPS Growth xxx 21.4% 8.3% xxx
PE Ratio xxx N/A 13.3 xxx
Dividend Yield xxx N/A 1.9% xxx
Div Pay Ratio(%) xxx 30.2% 25.8% xxx

Dividend yield today if purchased 3 years ago: 2.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.79

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: 05/04 - ex-div 1.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx11.1
DPS All xxxxxxxxxxxxxxx3.3
Sales/Revenue xxxxxxxxxxxxxxx341.8 M
Book Value Per Share xxxxxxxxxxxxxxx73.8
Net Operating Cash Flow xxxxxxxxxxxxxxx55.7 M
Net Profit Margin xxxxxxxxxxxxxxx13.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx16.25 %
Return on Invested Capital xxxxxxxxxxxxxxx14.00 %
Return on Assets xxxxxxxxxxxxxxx11.77 %
Return on Equity xxxxxxxxxxxxxxx16.25 %
Return on Total Capital xxxxxxxxxxxxxxx21.20 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx9.7 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx43 M
Total Debt xxxxxxxxxxxxxxx47 M
Goodwill - Gross xxxxxxxxxxxxxxx86 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx36 M
Price To Book Value xxxxxxxxxxxxxxx2.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx37.7 M
Capex % of Sales xxxxxxxxxxxxxxx11.02 %
Cost of Goods Sold xxxxxxxxxxxxxxx225 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx49 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5 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

0.8

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

04/05/2023

3

Neutral

$2.75

47.06%

The March quarter trading update from Index was in line with expectations. By region, revenue growth continues to be broad-based.

The highest level of exploration activity growth was in South America, Asia and Africa. As these regions are more focused on fluids, the revenue mix in the quarter shifted away from the higher-margin sensors and software-as-a-service.

Imdex has also revealed its Blast Dog contract with Fortescue Metals ((FMG)) has been terminated. Imdex was meant to provide three Blast Dog units to the new Iron Bridge mine.

UBS expects market attention on the viability of Blast Dog will now shift towards the commercial trial at a copper mine in Chile. Neutral rating and $2.75 target maintained.

FORECAST
UBS forecasts a full year FY23 dividend of 3.00 cents and EPS of 13.00 cents.
UBS forecasts a full year FY24 dividend of 5.00 cents and EPS of 15.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

IMD STOCK CHART

FNArena News on IMD

1
Australian Broker Call *Extra* Edition – May 11, 2023

May 11 2023 - Daily Market Reports
2
ESG Focus: Tough Season But Winners Grin

Mar 24 2023 - ESG Focus
3
Rudi’s View: Fear & Greed (Rinse & Repeat)

Mar 15 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Feb 22, 2023

Feb 22 2023 - Daily Market Reports
5
FNArena Corporate Results Monitor – 14-02-2023

Feb 14 2023 - Australia

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