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Image Resources NL (IMA) Fair Value & Analysis

Basic Materials · AU · Market cap A$33.3M

IR Image Resources NL IMA · AU
PriceA$0.0220
Fair ValueA$0.0194
Upside-12.0%
Quality95/100
Evidence: Low Range A$0.0194 – A$0.0194

Fair value as of: Jun 26, 2026

From 1 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from A$0.0400 to A$0.0194 (−51.6%) since Jun 24, 2026. Share price −31.3% over the past month.

Price vs Fair Value (12 months)

A$0.0830 A$0.0220 Fair Value A$0.0194 Jun 2025 Jun 2026

12‑month range A$0.0220 – A$0.0830 · the A$0.0220 price screens above the A$0.0194 fair value. As of Jun 26, 2026.

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Analysis

Image Resources NL (IMA) currently trades at A$0.0220, while our model-based Fair Value estimate is A$0.0194 — implying the stock looks roughly 12.0% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at A$80.7M. Revenue declined 52.2% year over year. Net debt stands at A$12.3M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$80.7M
Revenue growth (YoY) -52.2%
Net margin -103%
Return on equity -147%
Free cash flow −A$36.6M FY2025
Operating margin -12.6%
More key figures
EPS (TTM) A$-0.0700
EPS growth (YoY) -77.5%
Net debt A$12.3M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Image Resources NL engages in the production and exploration of mineral sands in Western Australia. The company was incorporated in 1994 and is headquartered in West Perth, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Image Resources NL reported revenue of A$80.7M in FY2025 versus A$179M in FY2021, a compound −18.0%/yr. Reported net income was −A$83.0M in FY2025.

Revenue −18.0%/yr
FY21 A$179M
FY22 A$172M
FY23 A$119M
FY24 A$0
FY25 A$80.7M
Net income
FY21 A$19.4M
FY22 A$15.2M
FY23 −A$4.7M
FY24 −A$9.4M
FY25 −A$83.0M

Open the full interactive analysis →

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Grupo México, S.A. GMBXF $11.89 $9.58 -19%
CMOC Group CMCLY $148.88 $119.76 -20%
Vale S.A VALEN 260.19 MXN 124.80 MXN -52%
Anglo American plc AAUKF $51.51 $20.30 -61%

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Frequently asked questions

Is Image Resources NL (IMA) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$0.0194 versus a price of A$0.0220 — about −12% (overvalued). Model-based estimate, not financial advice.
What is the fair value of IMA?
Our 21-model fair value for Image Resources NL is A$0.0194 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$0.0220.
What is the quality score of IMA?
Image Resources NL has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Image Resources NL (IMA)?
Image Resources NL reported trailing-twelve-month revenue of about A$80.7M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of IMA?
The net profit margin of Image Resources NL is about -102.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.