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Imexhs Ltd (IME) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Imexhs Ltd A$0.31, price A$0.32, upside -0.2%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Healthcare · AU · ISIN AU0000023053

IL Thin data Sep 23, 2026

Imexhs Ltd

IME · AU

Low PriorityFair Value upside is limited and quality is weak.

·Fair value A$0.3145 · Fairly valued (0%)
!Quality 38/100
!Mixed Growth (revenue 5y +21.6 %/yr)
!Loss-making · -10.0% net margin (TTM)
✓Low debt · generates free cash flow
!Mixed vs. peers (5/11)
!Narrow moat 16/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$2.47 A$0.2200 Fair Value A$0.3145 Oct 2019 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range A$0.2200 – A$2.47 · fair‑value band A$0.1955 – A$0.5270 · the A$0.3150 price screens above the A$0.3145 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

ImExHS Limited offers cloud-based medical imaging solutions in Australia and internationally. The company operates in two segments: Software and Radiology.

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ImExHS Limited offers cloud-based medical imaging solutions in Australia and internationally. The company operates in two segments: Software and Radiology. It offers medical imaging software that is focused on the development and sale of modular imaging systems, which include information systems for radiology, cardiology, and pathology, as well as a picture archiving and communications system. The company's solutions include AQUILA, a radiology software solution; ALULA, a pathology software solution; and ANTEROS, a cardiology software solution. It also provides radiological diagnostic services to hospitals and medical facilities; medical images and radiologists' interpretation; reports to develop artificial intelligence (AI) tools; and outsourced radiology services, as well as teleradiology services. ImExHS Limited was incorporated in 2001 and is based in Sydney, Australia.

Stock analysis

Imexhs Ltd (IME) currently trades at A$0.3150, while our model-based Fair Value estimate is A$0.3145, implying the stock looks roughly 0.2% fairly valued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of A$0.3400 per share, and 4 of the 9 models we run sit above the A$0.3150 price.

Bear case: the Multiples group reads lowest at A$0.1200, and 5 of the 9 models stay below the price. Evidence for this calculation is low.

Scenario range: A$0.1955 (bear) to A$0.5270 (bull), the price of A$0.3150 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 38/100 (below-average quality), in the Healthcare sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Imexhs Ltd reported revenue of A$29.0M in FY2025 versus A$13.4M in FY2021, a compound +21.3%/yr. Reported net income was −A$2.9M in FY2025.

Key figures

Market cap A$16.1M (≈ $11.4M) · P/S ratio 0.52 · EPS (TTM) A$−0.0600 · Net margin −9.9% · Return on equity −19.0% · Return on assets (EBIT) −8.1% · Operating margin 0.4% · Revenue (TTM) A$29.0M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).

What moves the price

The share trades about 33% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Healthcare peers we cover trades at −5% fair-value upside, at 0%, IME screens cheaper than that median.

Fair Value models

Bear A$0.1955 Fair Value A$0.3145 Bull A$0.5270
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF A$0.2200 A$0.3000 A$0.5700 75
Growth DCF A$0.2100 A$0.3400 A$0.5600 74
5Y Revenue Exit A$0.1400 A$0.1800 A$0.2600 71
All 9 models by family
DCF Models
FCF DCF A$0.2200 A$0.3000 A$0.5700 75
5Y Revenue Exit A$0.1400 A$0.1800 A$0.2600 71
5Y EBITDA Exit A$0.3800 A$0.6800 A$1.25 69
10Y Revenue Exit A$0.1600 A$0.2500 A$0.2900 66
10Y EBITDA Exit A$0.3400 A$0.7600 A$1.53 61
Multiples
EV/EBITDA A$0.4400 A$0.5600 A$0.6900 67
EV/Revenue A$0.1000 A$0.1200 A$0.1400 54
Asset-Based
NCAV (Graham) A$0.1500 A$0.2000 A$0.2900 54
Growth DCF
Growth DCF A$0.2100 A$0.3400 A$0.5600 74

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Quality Score breakdown

Overall quality 38/100

Of which business quality 40 · Market factors (momentum, volatility) 36

Profitability 31
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.6%
Start year 2020 (pandemic). Over 10 years: +77.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.8%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−21.1% (2020) → −2.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +23.0% a year for the price.

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Compare Imexhs Ltd with another stock

Price, fair value, quality and upside side by side.

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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.Diagnostics & Research · 143 stocks

Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside 0% · Above median
Profitability
Return on assets −2% · Below median
Net margin (TTM) −10% · Below median
Operating margin (TTM) 0% · Below median
Growth and dividend
Revenue growth 21% · Top 25%
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Diagnostics & Research median · lower = cheaper

P/B 0.72× · Cheaper than median
P/S (TTM) 0.39× · Cheapest 25%
P/FCF 46.5× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)33 · sector 0
FUTURE (revenue growth)100 · sector 25
PAST (return on equity)0 · sector 8
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 30

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Diagnostics & Research stocks, each showing price versus our Fair Value estimate.

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Thermo Fisher Scientific Inc TMO $665.30 $682.58 +3%
Danaher Corporation DHR $221.09 $207.76 −6%
WuXi AppTec Co 2359 HK$207.60 HK$228.36 +10%
Lonza Group LONN CHF 570.00 CHF 151.69 −73%
IDEXX Laboratories, Inc IDXX $522.02 $495.84 −5%
Agilent Technologies, Inc A $165.32 $63.90 −61%
Waters Corporation WAT $425.74 $106.31 −75%
IQVIA Holdings IQV $270.09 $295.80 +10%
Illumina, Inc ILMN $255.38 $280.92 +10%
Mettler-Toledo International Inc MTD $1,491 $635.75 −57%

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Cite: Fair Value Calculator (2026). "Imexhs Ltd Fair Value". https://www.fairvalue-calculator.com/stock/IME

Frequently asked questions

Is Imexhs Ltd (IME) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.3145 versus a price of A$0.3150, about −0% upside (fairly valued).
What is the fair value of IME?
Our model-based fair value for Imexhs Ltd is A$0.3145 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.3150.
What is the quality score of IME?
Imexhs Ltd has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Imexhs Ltd (IME)?
Our model-based price target is the fair value of A$0.3145 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario A$0.1955, optimistic scenario A$0.5270. It is a calculation from audited fundamentals, not an analyst target.
What is the Imexhs Ltd stock forecast for 2026?
Our models put fair value at A$0.3145, about −0% upside versus a price of A$0.3150 (fairly valued). Cautious scenario A$0.1955, optimistic scenario A$0.5270. The calculation is refreshed regularly with new filings.
What is the revenue of Imexhs Ltd (IME)?
Imexhs Ltd reported trailing-twelve-month revenue of about A$29.0M (latest available figure, as of Sep 23, 2026).
What growth is priced into Imexhs Ltd (IME)?
For today's price to be fair in a discounted-cash-flow model, Imexhs Ltd would have to grow free cash flow by +26.6 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.6 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of IME use?
Our models discount Imexhs Ltd at 9.0 %: a base by market capitalisation (nano), damped by beta 0.81, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Imexhs Ltd that is +26.6 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Imexhs Ltd (IME) delivered so far?
Over the past 5 years revenue at Imexhs Ltd grew +21.6 % a year. The price currently implies +26.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Imexhs Ltd (IME) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Imexhs Ltd (+26.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Imexhs Ltd (IME)?
The free-cash-flow yield on the price is 1.51 %: that much free cash flow Imexhs Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Imexhs Ltd (IME)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Imexhs Ltd it is A$0.3145 per share (as of Sep 23, 2026), against a price of A$0.3150. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Imexhs Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, IME trades above its calculated fair value: price A$0.3150, fair value A$0.3145, a gap of about −0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IME?
No. The price is what the market pays today (A$0.3150); the fair value is what the company's own numbers justify (A$0.3145). For Imexhs Ltd the two are A$0.0005 per share apart. That gap is exactly why we show both numbers side by side.
How much is Imexhs Ltd worth?
The market values Imexhs Ltd at about A$16.1M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.3150; our models calculate a fair value of A$0.3145 per share.
What do the bullish and bearish scenarios say about IME?
Our models span a range for Imexhs Ltd: cautious scenario A$0.1955, base A$0.3145, optimistic A$0.5270 per share (as of Sep 23, 2026, price A$0.3150). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Imexhs Ltd (IME)?
Balance-sheet figures for Imexhs Ltd (as of Sep 23, 2026): return on equity −19.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is IME from its 52-week high?
Imexhs Ltd trades at A$0.3150, about 33% below its 52-week high of A$0.4700 and 37% above the low of A$0.2300 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.3145 is for.
Which stocks are comparable to Imexhs Ltd?
From the same area (Healthcare) we also value Thermo Fisher Scientific Inc, Danaher Corporation, WuXi AppTec Co, Lonza Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Imexhs Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.3150, calculated fair value A$0.3145 (−0%), Quality Score 38/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IME calculated?
We run Imexhs Ltd through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.3145, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Imexhs Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Imexhs Ltd (IME)?
The closing price on Sep 23, 2026 was A$0.3150. Our model-based fair value is A$0.3145, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Imexhs Ltd right now?
The model range is unusually wide (A$0.1955 to A$0.5270). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Imexhs Ltd

How large is the market capitalisation of Imexhs Ltd (IME)?
The market capitalisation of Imexhs Ltd is A$16.1M (≈ $11.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Imexhs Ltd (IME)?
The price-to-sales ratio of Imexhs Ltd is 0.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Imexhs Ltd (IME)?
Earnings per share at Imexhs Ltd are A$−0.0600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Imexhs Ltd (IME)?
The net margin of Imexhs Ltd is −9.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Imexhs Ltd (IME)?
The return on equity (ROE) of Imexhs Ltd is −19.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Imexhs Ltd (IME)?
On an EBIT basis the return on assets of Imexhs Ltd is −8.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Imexhs Ltd (IME)?
The operating margin of Imexhs Ltd is 0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Imexhs Ltd (IME)?
Revenue at Imexhs Ltd is growing +21.0% versus a year earlier (3y avg +19.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Imexhs Ltd (IME) hold?
Imexhs Ltd holds more cash than debt, A$2.7M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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