Added to YB: 2026-09-03
Pitch date: 2026-08-31
IMD.AX [neutral]
Imdex Limited
-2.87%
current return
Author Info
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Company Info
Imdex Limited, a mining-tech company, provides drilling products, rock knowledge and geophysical sensors, and data and analytics for the minerals industry in the Asia-Pacific, the Middle East, Africa, Europe, and the Americas.
Market Cap
AUD 1.8B
Pitch Price
AUD 3.49
Price Target
4.60 (+36%)
Dividend
0.98%
EV/EBITDA
14.80
P/E
23.76
EV/Sales
3.92
Sector
Metals and Mining
Category
growth
Discoveries - Weeks of August 31st - Imdex Limited
IMD.AX (quick overview): IMDEX combines drilling hardware with cloud-connected sensors and analytics software for drilling contractors and resource companies. FY2026 revenue grew about 21%, while normalised EBITDA rose roughly 29% to a 31.3% margin; platform revenue increased about 33% versus 11% for equipment sales. Consensus is Buy with a A$4.35-A$4.60 target versus A$3.73-A$3.83 recently, though five acquisitions lifted net leverage to around 1.3x.
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