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Immuron Limited (IMC) Fair Value & Analysis

Healthcare · AU · Market cap A$13.7M

IL Immuron Limited IMC · AU
PriceA$0.0350
Fair ValueA$0.0298
Upside-15.0%
Quality95/100
Evidence: Low Range A$0.0298 – A$0.0333

Fair value as of: Jun 26, 2026

From 1 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from A$0.0200 to A$0.0298 (+48.8%) since Jun 25, 2026. Share price +6.3% over the past month.

Price vs Fair Value (12 months)

A$0.0968 A$0.0268 Fair Value A$0.0298 Jun 2025 Jun 2026

12‑month range A$0.0268 – A$0.0968 · fair‑value band A$0.0298 – A$0.0333 · the A$0.0350 price screens above the A$0.0298 fair value. As of Jun 26, 2026.

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Analysis

Immuron Limited (IMC) currently trades at A$0.0350, while our model-based Fair Value estimate is A$0.0298 — implying the stock looks roughly 15.0% overvalued today. We read business quality at 95/100 (high quality), in the Healthcare 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).

Over the trailing twelve months, Immuron Limited generated revenue of A$7.5M at a net margin of -62.1%. Revenue grew 4.8% year over year. It earns a return on equity of -39.7%. The balance sheet holds a net cash position of A$2.7M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$7.5M
Revenue growth (YoY) +4.8%
Net margin -62.1%
Return on equity -39.7%
Free cash flow −A$6.1M FY2025
Operating margin -47.2%
More key figures
EPS (TTM) A$-0.0200
Net cash A$2.7M FY2025

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

About the company

Immuron Limited, a biopharmaceutical company, engages in the research, development, and commercialization of polyclonal antibodies in Australia, the United States, and Canada. It operates through two segments, Research and Development; and Hyper-immune Products. The company offers Travelan, an over-the-counter medicine to reduce the risk of travelers' diarrhea and risk of minor gastrointestinal disorders, as well as a dietary supplement for digestive tract protection; and Protectyn, an immune supplement to help maintain a healthy digestive function and liver. It also develops Travelan (IMM-124E), which is in Phase II clinical trial, to reduce the risk of contracting travelers' diarrhea; and IMM-529, which is in Phase II clinical trial, for treating patients suffering from recurring clostridium difficile infection. In additon, the company develops IMM-986, that is in pre-clinical stage. Further, it offers technology platform. The company has a collaboration with the US Naval Medical …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Immuron Limited reported revenue of A$7.3M in FY2025 versus A$146K in FY2021, a compound +165.9%/yr. Reported net income was −A$5.2M in FY2025.

Revenue +165.9%/yr
FY21 A$146K
FY22 A$765K
FY23 A$1.8M
FY24 A$4.9M
FY25 A$7.3M
Net income
FY21 −A$8.4M
FY22 −A$2.9M
FY23 −A$3.8M
FY24 −A$6.9M
FY25 −A$5.2M

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Frequently asked questions

Is Immuron Limited (IMC) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$0.0298 versus a price of A$0.0350 — about −15% (overvalued). Model-based estimate, not financial advice.
What is the fair value of IMC?
Our 21-model fair value for Immuron Limited is A$0.0298 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$0.0350.
What is the quality score of IMC?
Immuron Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Immuron Limited (IMC)?
Immuron Limited reported trailing-twelve-month revenue of about A$7.5M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of IMC?
The net profit margin of Immuron Limited is about -62.1%, 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.