Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Imdex Limited (IMD.AX)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$27.45 - $32.34$30.31
Multi-Stage$19.06 - $20.92$19.97
Blended Fair Value$25.14
Current Price$2.72
Upside824.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-3.44%0.00%0.030.030.030.020.010.030.010.000.000.01
YoY Growth---22.03%21.37%15.75%94.11%-60.53%467.28%0.00%0.00%-100.00%0.00%
Dividend Yield--0.98%1.53%1.49%1.33%0.62%2.91%0.45%0.00%0.00%3.53%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)87.59
(-) Cash Dividends Paid (M)32.71
(=) Cash Retained (M)54.88
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)17.5210.956.57
Cash Retained (M)54.8854.8854.88
(-) Cash Required (M)-17.52-10.95-6.57
(=) Excess Retained (M)37.3643.9348.31
(/) Shares Outstanding (M)538.63538.63538.63
(=) Excess Retained per Share0.070.080.09
LTM Dividend per Share0.060.060.06
(+) Excess Retained per Share0.070.080.09
(=) Adjusted Dividend0.130.140.15
WACC / Discount Rate1.90%1.90%1.90%
Growth Rate5.50%6.50%7.50%
Fair Value$27.45$30.31$32.34
Upside / Downside909.16%1,014.23%1,088.96%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)87.5993.2899.35105.80112.68120.00123.60
Payout Ratio37.34%47.88%58.41%68.94%79.47%90.00%92.50%
Projected Dividends (M)32.7144.6658.0272.9489.55108.00114.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.90%1.90%1.90%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)43.4243.8344.24
Year 2 PV (M)54.8455.8856.94
Year 3 PV (M)67.0168.9470.90
Year 4 PV (M)79.9883.0686.22
Year 5 PV (M)93.7898.31103.01
PV of Terminal Value (M)9,927.7010,407.2210,905.08
Equity Value (M)10,266.7310,757.2311,266.39
Shares Outstanding (M)538.63538.63538.63
Fair Value$19.06$19.97$20.92
Upside / Downside600.76%634.24%668.99%

High-Yield Dividend Screener

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