IMDEX LIMITED (IMD)
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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

$3.29

05 Dec
2025

0.050

OPEN

$3.38

1.54%

HIGH

$3.42

1,494,700

LOW

$3.28

TARGET
$3.76

+0.03 change from previous day

 14.3% 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 10.9 xxx
DPS (cps) xxx 2.5 3.9 xxx
EPS Growth xxx 69.5% 1.3% xxx
DPS Growth xxx - 9.6% 52.6% xxx
PE Ratio xxx N/A 30.1 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 23.5% 35.3% xxx

Dividend yield today if purchased 3 years ago: 1.10%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.77

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

0.5

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

02/12/2025

3

Neutral

$3.50

6.38%

Imdex's acquisition of  Advanced Logic Technology (ALT) and its subsidiary Mount Sopris Instruments for $99m makes strategic sense to UBS as it fills a gap in its sensor suite.

The broker reckons big revenue synergy potential exists by using Imdex’s global sales network, mirroring the successful Devico rollout, especially in regions where ALT is underpenetrated. However, synergy delivery is crucial given the deal values ALT at 20x EBITDA versus Imdex’s 13x.

With close expected on 1 Feb 2026, the broker's forecasts include 5 months of ALT EBITDA, lifting Imdex's FY26 EBITDA to $149m.

Target rises to $3.50 from $3.30, driven by 3% and 2% EPS upgrades for FY26 and FY27, respectively, mainly from the inclusion of the ALT acquisition. Neutral maintained.

FORECAST
UBS forecasts a full year FY26 dividend of 5.00 cents and EPS of 11.00 cents.
UBS forecasts a full year FY27 dividend of 6.00 cents and EPS of 13.00 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

01/12/2025

5

Sell

$2.90

-11.85%

Imdex will acquire Advanced Logic Technology and Mount Sopris Instruments for -$98.9m, strengthening its position in downhole rock-property sensors, Jarden explains.

Geological modeling capability will also be enhanced through Advanced Logic Technology's WellCAD, a specialised borehole data processing and visualisation software, explains the broker.

The transaction will be funded from existing cash and debt facilities and is expected to be normalised-earnings accretive in FY27, However, the analysts note updated FY26 guidance for D&A and finance costs implies downside risk to consensus earnings.

Jarden retains a Sell rating, arguing shares remain priced for perfection. The target rises to $2.90 from $2.75.

FORECAST
Jarden forecasts a full year FY26 dividend of 2.20 cents and EPS of 9.30 cents.
Jarden forecasts a full year FY27 dividend of 2.60 cents and EPS of 10.60 cents.
Access Extra Coverage Research History >

IMD STOCK CHART

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