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Friday, 7 October 2022IMD - IMDEX LIMITED
Macquarie rates IMD as Outperform (1) - Macquarie assesses a strong start to the financial year for Imdex with all regions performing well in the 1Q. This follows an AGM trading update that came in around 10% ahead of the broker's forecasts.
The analyst believes the combination of growth in sensors on hire and average revenue per user (ARPU) will support further growth in the 2Q. Longer term growth is also expected to be assisted numerous factors including strong demand for metals and decarbonisation.
The target rises by 5.6% to $2.85. Outperform.
Target price is $2.85 Current Price is $2.10 Difference: $0.75 If IMD meets the Macquarie target it will return approximately 36% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY23:
Macquarie forecasts a full year FY23 dividend of 5.30 cents and EPS of 15.20 cents . At the last closing share price the estimated dividend yield is 2.52%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.82.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 5.10 cents and EPS of 14.70 cents . At the last closing share price the estimated dividend yield is 2.43%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.29.
Market Sentiment: 0.5All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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Last
$2.98 |
Change
0.070(2.41%) |
Mkt cap ! $1.525B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $2.99 | $2.91 | $1.713M | 576.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 122 | $2.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 3059 | 1 |
View Market Depth
| Last trade - 16.16pm 28/07/2025 (20 minute delay) ? |
| IMD (ASX) Chart |