Imdex Limited (IMDXF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Imdex Limited $2.62, price $2.25, upside +16.4%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Imdex Limited
IMDXF · USSpeculativeQuality growthUpside exists, but weak quality makes the signal speculative.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.
How to read this chart
60‑month range $0.1163 – $3.09 · fair‑value band $1.72 – $3.42 · the $2.25 price screens below the $2.62 fair value. As of Sep 24, 2026.
Company profile
Imdex Limited, a mining-tech company, provides drilling products, rock knowledge sensors, and data and analytics for the minerals industry in the Asia-Pacific, the Middle East, Africa, Europe, and the Americas.
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Imdex Limited, a mining-tech company, provides drilling products, rock knowledge sensors, and data and analytics for the minerals industry in the Asia-Pacific, the Middle East, Africa, Europe, and the Americas. The company offers bench characterization products, software suites, drilling fluids, structural geology products, geoscience products, directional drilling solutions, solids removal units, and survey technology products; and rock knowledge sensors. It also provides software products, such as aiSIRIS, a cloud-based mineral-interpretation AI system for portable infrared spectrometer data; and Datarock, a mining technology company that offers both products and services centred around using machine learning for geoscience data. In addition, the company offers HUB-IQ, a cloud-based portal integrated with industry software for validating field data transmitted from the drill rig; ioGAS, an exploratory data-analysis software application for detecting patterns, anomalies, and relationships in geoscience data; Krux, a drilling analytics software; and REFLEX XRF CONNECT, a systematic data capture application. The company was formerly known as Pilbara Gold NL and changed its name to Imdex Limited in July 1985. Imdex Limited was incorporated in 1980 and is headquartered in Balcatta, Australia.
Stock analysis
Imdex Limited (IMDXF) currently trades at $2.25, while our model-based Fair Value estimate is $2.62, implying the stock looks roughly 14.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $1.73 per share, and 1 of the 24 models we run sit above the $2.25 price.
Bear case: the Asset-Based group reads lowest at $0.5700, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $1.72 (bear) to $3.42 (bull), the price of $2.25 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Imdex Limited reported revenue of A$431M in FY2025 versus A$264M in FY2021, a compound +13.0%/yr. Reported net income was A$55.2M in FY2025, compounding +14.9%/yr from FY2021.
Key figures
Market cap $1.5B · P/E ratio 32.1 · P/S ratio 4.11 · EPS (TTM) $0.0700 · Dividend yield 1.2% · Net margin 12.8% · Return on equity 8.0% · Return on assets (EBIT) 11.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 16%, IMDXF screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 50
Revenue & earnings trend
Growth Forecast
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Compare Imdex Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Farm & Heavy Construction Machinery · 144 stocks
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate.
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| Daimler Truck Holding DTG | €42.54 | €50.36 | +18% |
| Sany Heavy Industry Co 600031 | ¥17.20 | ¥20.84 | +21% |
| CNH Industrial N.V CNH | $13.06 | $8.65 | −34% |
| Traton SE 8TRA | €34.04 | €32.82 | −4% |
| Metso Oyj METSO | €17.08 | €18.79 | +10% |
| XCMG Construction Machinery Co 000425 | ¥7.17 | ¥14.52 | +103% |
| Sinotruk (Hong Kong) Limited 3808 | HK$35.30 | HK$56.32 | +60% |
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Key figures of Imdex Limited
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