KALIN®

IMDEX Limited

23 October 2023

IMD:ASX
Investment Type
Small-Cap
Risk Level
High
Action
Buy
Rec. Price (AU$)
1.49

Section 1: Company Overview and Fundamentals Insights

Company Overview: Global mining-tech company IMDEX Limited (ASX: IMD) is engaged in providing drilling optimisation products and cloud-connected sensors, enabling real-time data and analytics. The product offerings are directed towards drilling contractors and resource companies. The company has acquired Devico and made a 40% investment in Krux Analytics. Kalkine’s Investor Report covers the Investment Highlights, Management Insights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.  

1.2 The Key Positives, Negatives, Investment Highlights, and Risks

1.3 Top 10 Shareholders:

The top 10 shareholders together form ~42.14% of the total shareholding. L1 Capital Pty Ltd. and Vanguard Investments Australia Ltd. hold maximum stakes in the company at ~15.90% and ~5.00%, respectively.

1.4 Key Metrics: IMD registered a fixed asset turnover ratio of 4.73x in FY23 compared with 1.13x of industry median. Below is captured other metrics:

Section 2: Business Updates, Financial and Operational Highlights

2.1 Recent Business Updates: