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Imdex Limited (IMD) Report Analysis

Corporate Events

Positive

Imdex Limited Declares Fully Franked Interim Di...

2022-02-07 03:10:00

Imdex Limited announces directors declared a fully franked interim dividend of 1.5 cents per share for period ended December 31, 2021, consist...

Neutral

Imdex Limited, H1 2022 Earnings Call, Feb 07, 2022

2022-01-24 07:07:00

Imdex Limited, H1 2022 Earnings Call, Feb 07, 2022

Positive

Imdex Limited (ASX:IMD) entered into an agreeme...

2021-11-15 00:00:00

Imdex Limited (ASX:IMD) entered into an agreement to acquire a 30% stake in Datarock Holdings Pty Ltd for AUD 5.5 million on November 15, 2021...

Positive

Imdex Limited (ASX:IMD) completed the acquisiti...

2021-09-17 00:00:00

Imdex Limited (ASX:IMD) signed an asset purchase agreement to acquire MinePortal software from DataCloud International Inc. on September 10, 2...

Positive

Imdex Limited Announces Acquisition of Mineport...

2021-09-10 00:16:00

Imdex Limited announced it has signed an asset purchase agreement to acquire the MinePortal software from Californian-based DataCloud Internat...

Positive

Imdex Limited (ASX:IMD) signed an asset purchas...

2021-09-10 00:00:00

Imdex Limited (ASX:IMD) signed an asset purchase agreement to acquire MinePortal software from DataCloud International Inc. on September 10, 2...

Neutral

Imdex Limited - Special Call

2021-09-02 07:01:00

To present Sustainability Report for the 2021 financial year

Positive

Imdex Limited, 0.004 (AUD), Cash Dividend, Sep-27-2021

2021-08-16 00:00:00

Imdex Limited, 0.004 (AUD), Cash Dividend, Sep-27-2021

Positive

Imdex Limited, 0.014 (AUD), Cash Dividend, Sep-27-2021

2021-08-16 00:00:00

Imdex Limited, 0.014 (AUD), Cash Dividend, Sep-27-2021

Positive

Imdex Limited Announces Fully Franked Ordinary ...

2021-08-15 21:59:00

Imdex Limited announced fully franked ordinary dividend of AUD 0.01400000 per security for the twelve months ended June 30, 2021. Ex-Date is S...

Neutral

Imdex Limited to Report First Half, 2022 Result...

2021-08-15 21:58:00

Imdex Limited announced that they will report first half, 2022 results on Feb 07, 2022

Positive

Imdex Limited Announces Special Dividend, Payab...

2021-08-15 21:58:00

Imdex Limited announced special dividend of AUD 0.00400000 per security. Record date is September 28, 2021. Payment date is October 12, 2021.

Neutral

Imdex Limited, 2021 Earnings Call, Aug 16, 2021

2021-07-07 23:49:00

Imdex Limited, 2021 Earnings Call, Aug 16, 2021

Positive

Imdex Limited Declares Fully Franked Interim Dividend for Period Ended December 31, 2021, Payable on March 24, 2022

2022-02-07 03:10:00

Imdex Limited announces directors declared a fully franked interim dividend of 1.5 cents per share for period ended December 31, 2021, consistent with capital management policy. Ex- date is March 9, 2022. Record date is March 10, 2022. Payment date is March 24, 2022.

Neutral

Imdex Limited, H1 2022 Earnings Call, Feb 07, 2022

2022-01-24 07:07:00

Imdex Limited, H1 2022 Earnings Call, Feb 07, 2022

Positive

Imdex Limited (ASX:IMD) entered into an agreement to acquire a 30% stake in Datarock Holdings Pty Ltd for AUD 5.5 million.

2021-11-15 00:00:00

Imdex Limited (ASX:IMD) entered into an agreement to acquire a 30% stake in Datarock Holdings Pty Ltd for AUD 5.5 million on November 15, 2021. Datarock Holdings Pty Ltd is a joint venture of Solve Geosolutions Pty Ltd and DiUS Computing Pty Ltd. Post acquisition, Solve Geosolutions Pty Ltd and DiUS Computing Pty Ltd. Will own 42% and 28% stakes respectively, in Datarock. Imdex has exclusive options to acquire the remaining interest in Datarock over the next four years in a two tranche process, subject to Datarock achieving agreed strategic milestones. Completion of the acquisition of this initial 30% interest is subject to the payment of consideration and other standard transaction obligations in accordance with the shareholders and subscription agreements entered into by the parties.

Positive

Imdex Limited (ASX:IMD) completed the acquisition of MinePortal Software of DataCloud International Inc from DataCloud International Inc.

2021-09-17 00:00:00

Imdex Limited (ASX:IMD) signed an asset purchase agreement to acquire MinePortal software from DataCloud International Inc. on September 10, 2021. Following completion, IMDEX will acquire the assets and intellectual property relating to MinePortal and associated software for a total of AUD 20 million comprising of an initial cash payment of AUD 8 million and the balance of the transaction is payable by the issue of IMDEX's shares over a three-year period. On first anniversary of completion, 1.6 million share will be paid, on second anniversary of completion, 1.6 million shared will be paid and on third anniversary of completion, 2.1 million shares will be paid. The third tranche is applicable if revenue from the DataCloud assets achieves the target agreed between the parties by the third anniversary of completion. If this revenue target is not achieved no shares will be issued in the third tranche. The cash portion will be funded from existing IMDEX resources. Key personnel will transition to IMDEX complementing its existing presence in California. The asset purchase agreement is subject to certain completion conditions including a final vote of DataCloud's shareholders to approve the transaction. It is expected to close by the end of September 2021. A AUD 2 million net outflow is anticipated during FY22 and the acquisition is expected to be EPS accretive by FY24. Imdex Limited (ASX:IMD) completed the acquisition of MinePortal Software of DataCloud International Inc from DataCloud International Inc. on September 17, 2021.

Positive

Imdex Limited Announces Acquisition of Mineportal Software

2021-09-10 00:16:00

Imdex Limited announced it has signed an asset purchase agreement to acquire the MinePortal software from Californian-based DataCloud International Inc. (DataCloud). The circa $20 million transaction includes a cash payment of $8 million and three tranches of IMDEX shares over a three-year period. The acquisition is on strategy and accelerates IMDEX's growth within the mining production phase. MinePortal is a new-generation native cloud application that enables geological data modelling and real-time 3D visualisation. MinePortal has the capacity to process high volumes of data in a cloud environment, while applying geostatistical and machine learning algorithms to identify orebody trends. MinePortal will enhance the value of IMDEX BLASTDOGTM for clients by translating sensor data into 3D visualisation models. MinePortal will integrate with IMDEXHUB-IQTM to deliver a connected real-time orebody knowledgeecosystem and accelerate IMDEX's product development roadmap. In addition to processing IMDEX BLASTDOGTM data, MinePortal currently has the capability to ingest and process measure while drilling (MWD) data and other IMDEX sensor data. MinePortal will immediately deliver additional SaaS revenue for IMDEX by generating unique answer products derived from IMDEX sensor data and third-party sensing systems. A $2 million net outflow is anticipated during financial year 2022 and the acquisition is expected to be EPS accretive by financial year 2024. Key personnel will transition to IMDEX complementing the Company's existing presence in California, USA 2 and bringing additional AI and geoscience expertise.

Positive

Imdex Limited (ASX:IMD) signed an asset purchase agreement to acquire MinePortal software from DataCloud International Inc.

2021-09-10 00:00:00

Imdex Limited (ASX:IMD) signed an asset purchase agreement to acquire MinePortal software from DataCloud International Inc. on September 10, 2021. Following completion, IMDEX will acquire the assets and intellectual property relating to MinePortal and associated software for a total of AUD 20 million comprising of an initial cash payment of AUD 8 million and the balance of the transaction is payable by the issue of IMDEX's shares over a three-year period. On first anniversary of completion, 1.6 million share will be paid, on second anniversary of completion, 1.6 million shared will be paid and on third anniversary of completion, 2.1 million shares will be paid. The third tranche is applicable if revenue from the DataCloud assets achieves the target agreed between the parties by the third anniversary of completion. If this revenue target is not achieved no shares will be issued in the third tranche. The cash portion will be funded from existing IMDEX resources. Key personnel will transition to IMDEX complementing its existing presence in California. The asset purchase agreement is subject to certain completion conditions including a final vote of DataCloud's shareholders to approve the transaction. It is expected to close by the end of September 2021. A AUD 2 million net outflow is anticipated during FY22 and the acquisition is expected to be EPS accretive by FY24.

Neutral

Imdex Limited - Special Call

2021-09-02 07:01:00

To present Sustainability Report for the 2021 financial year

Positive

Imdex Limited, 0.004 (AUD), Cash Dividend, Sep-27-2021

2021-08-16 00:00:00

Imdex Limited, 0.004 (AUD), Cash Dividend, Sep-27-2021

Positive

Imdex Limited, 0.014 (AUD), Cash Dividend, Sep-27-2021

2021-08-16 00:00:00

Imdex Limited, 0.014 (AUD), Cash Dividend, Sep-27-2021

Positive

Imdex Limited Announces Fully Franked Ordinary Dividend for the Twelve Months Ended June 30, 2021, Payable on October 12, 2021

2021-08-15 21:59:00

Imdex Limited announced fully franked ordinary dividend of AUD 0.01400000 per security for the twelve months ended June 30, 2021. Ex-Date is September 27, 2021. Record date is September 28, 2021. Payment date is October 12, 2021.

Neutral

Imdex Limited to Report First Half, 2022 Results on Feb 07, 2022

2021-08-15 21:58:00

Imdex Limited announced that they will report first half, 2022 results on Feb 07, 2022

Positive

Imdex Limited Announces Special Dividend, Payable on October 12, 2021

2021-08-15 21:58:00

Imdex Limited announced special dividend of AUD 0.00400000 per security. Record date is September 28, 2021. Payment date is October 12, 2021.

Neutral

Imdex Limited, 2021 Earnings Call, Aug 16, 2021

2021-07-07 23:49:00

Imdex Limited, 2021 Earnings Call, Aug 16, 2021

Fundamental Summary

Imdex's recently released results from Q4 indicate that Imdex is performing reasonably well and on par with its peers. This typically translates into the stock performing on par with market performance for the upcoming quarter. Therefore, Imdex received an overall score of 70, translating into a HOLD ranking.

Imdex reported earnings results for the half year ended December 31, 2021. For the half year, the company reported net income was AUD 24.39 million compared to AUD 13.48 million a year ago. Basic earnings per share from continuing operations was AUD 0.0615 compared to AUD 0.0342 a year ago. Diluted earnings per share from continuing operations was AUD 0.0592 compared to AUD 0.0334 a year ago.

Sector Overview

Imdex is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Imdex's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 192.9 18.1% 69
Liabilities 83.3 20.8% 59
Price to Book 3.2 114.5% 75
Cash & Equivalents 15.9 76.5% 61
Equity 109.7 16.0% 83
EBITDA 40.5 65.2% 60
Total Revenues 171.8 27.9% 77
Parameter Value Change Score
Return on Equity 15.1 174.0% 56
Net Cashflow 6.2 309.3% 71
Capital Expenditure -7.0 3.8% 79
Asset Turnover 1.0 26.9% 73
Free Cashflow 0.0 218.4% 72

* All values are TTM

The below chart reflects Imdex's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Imdex's peer average final assessment score stands on 76.0, Imdex's score is 70.

  •  IMD
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Imdex's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Imdex's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 1.96
52W Low 1.92
52W High 3.16
5D MA 1.99
50D MA 2.36
200D MA 2.64
MACD -0.12
RSI 3.36
STOCH 9.71

Balance Sheet Analysis

Imdex appears likely to maintain its strong balance sheet metrics and momentum going forward. Imdex produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. Imdex's equity was reported as 109.7, which represents a 16.0% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 0.9%. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. Consequently, their equity movement received a grade of 83. Also, Imdex publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 3.2 and represents a 114.5% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. The company's book value factors component, therefore, received a grade of 75. At the same time, one critical balance sheet metric, Liabilities, was notably weak. At filing, Imdex's liabilities were 83.3, representing a 20.8% change from the previous period. This performance is relatively weak in comparison to their peers and suggests that its's stock price will likely suffer until this is solved. Its liabilities movement component, therefore, received a grade of 59. The company's balance sheet received an overall score of 71.

Parameter Value Change Score
Assets 192.9 18.1% 69
Liabilities 83.3 20.8% 59
Price to Book 3.2 114.5% 75
Cash & Equivalents 15.9 76.5% 61
Equity 109.7 16.0% 83
* All values are TTM

The below chart describes Imdex's performance as reflected on its balance sheet with respect to its peers. While Imdex received a balance sheet score of 71, the average of its peers stands on 71.0.

  •  IMD
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

A few key income statement metrics in this report were discouraging. Return factors metrics and ratios were disappointing in this report. Imdex reported a return on equity (ROE) ratio of 15.1, representing a change of 174.0% from the last report.change of 174.0% from the previous period. This metric might have a 19.8 percent impact on companies in the same industry and with the same market capitalization. They does not yet appear to be headed in the right direction regarding these return on equity and return on assets metrics. Its return factors (ROA & ROE) components, therefore, received a grade of 56. Also, Imdex reported concerning EBITDA this period. At filing, EBITDA was reported as 40.5, representing 65.2% change from the previous period. This metric might have a 0.3 percent impact on companies in the same industry and with the same market capitalization. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Therefore, their EBITDA component earned a score of 60. However, one encouraging metric, Revenue Efficiency, stood out. Imdex's financials reveal an interesting trend for their revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 7.9%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. As a result, its revenue efficiency earned a score of 77. Because of these weaknesses, its income statement received an overall score of 56.

Parameter Value Change Score
EBITDA 40.5 65.2% 60
Total Revenues 171.8 27.9% 77
Return on Equity 15.1 174.0% 56
* All values are TTM

The below chart describes Imdex's performance as reflected on its income statement with respect to its peers. While Imdex received a income statement score of 56 , the average of its peers stands on 75.0.

  •  IMD
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Imdex appears likely to maintain its strong cash flow metrics and momentum going forward. Imdex's management was effective in improving its CapEx, which now sits at -7.0 and represents 3.8% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. The company's CapEx movement, therefore, received a grade of 79. Also, Imdex's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Imdex recorded asset turnover of 1.0, which represents a 26.9% change from the previous report. This metric might have a 3.5 percent impact on companies in the same industry and with the same market capitalization. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. Correspondingly, their asset turnover movement received a grade of 73. However, one discouraging result, Net Cash Flow, stood out. Imdex's produced underwhelming cash flow numbers in this filing. Net cash flow was reported as 6.2, which is a 309.3% change from the last report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Imdex's stock price going forward. Consequently, their net cash flow movement received a grade of 71. Their cash flow, therefore, earned a score of 74.

Parameter Value Change Score
Net Cashflow 6.2 309.3% 71
Capital Expenditure -7.0 3.8% 79
Asset Turnover 1.0 26.9% 73
Free Cashflow 0.0 218.4% 72
* All values are TTM

The below chart describes Imdex's performance as reflected on its cash flow with respect to its peers. While Imdex received a cash flow score of 74, the average of its peers stands on 71.0.

  •  IMD
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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