Income Asset Management Group Limited (IAM) AI Stock Analysis

• Market Cap: €22.34M
• Dividend Yield: N/A
• Average Volume (3M): 348.07K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.60
• Revenue Growth: 21.82%
• EPS Growth: -4.93%
• Country: AU
• Employees: 30
• Sector: Financial
• Sector Strength: 85
• Industry: Asset Management - Income
• EPS (TTM): -0.02
• Shares Outstanding: 930,870,850
• 10 Day Avg. Volume: 482,055
• 30 Day Avg. Volume: 348,067
• PEG Ratio: -0.03
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €0.09
• Price Target Upside: 334.84% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

The overall stock score reflects significant financial instability, with negative profitability and cash flow issues being major concerns. Technical analysis shows neutral momentum, while valuation metrics highlight potential overvaluation. These factors result in a low overall score, indicating caution for potential investors.

Income Asset Management Group Limited Business Overview & Revenue Model

Company Description

Income Asset Management Group Limited (IAM) is a financial services company that specializes in providing a comprehensive range of income-focused investment products and services. The company operates primarily in the financial sector, offering solutions such as fixed income investments, cash management, and advisory services to both institutional and individual investors. IAM aims to facilitate access to high-quality income-generating assets and to support clients in achieving their investment objectives through strategic asset management and financial planning.

How the Company Makes Money

IAM generates revenue through a variety of channels, primarily focusing on fees and commissions from managing and advising on fixed income and cash management products. The company earns advisory fees by providing investment management services and strategies tailored to the specific needs of their clients. Additionally, IAM may receive commissions from the distribution and trading of fixed income securities. Partnerships with financial institutions and asset managers also play a significant role in their revenue generation by expanding their product offerings and client base. Furthermore, the company may earn interest income from proprietary investments in income-generating assets.

Income Asset Management Group Limited Financial Statement Overview

Summary

Income Asset Management Group Limited is facing significant financial challenges, marked by declining revenues, high leverage, and deteriorating cash flows. The company needs to address its operational inefficiencies and improve its financial stability to ensure long-term viability.

Income Statement

The company has experienced declining revenues, with a significant drop in the latest year by 17.5%. Gross and net profit margins are negative, indicating a struggle with both revenue generation and cost management. EBIT and EBITDA margins are also deeply negative, highlighting operational inefficiencies.

Balance Sheet

The company is heavily leveraged with a negative stockholders' equity and a high debt-to-equity ratio, indicating financial instability. The equity ratio is negative, suggesting potential solvency issues.

Cash Flow

Operating cash flow to net income ratio is negative, reflecting cash flow challenges. Free cash flow has deteriorated substantially over the years, showing negative growth, which poses a risk to future liquidity and growth potential.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
15.97M	14.02M	13.85M	7.19M	3.35M	942.49K
	Gross Profit
-1.10M	-3.79M	8.01M	1.40M	-1.02M	-1.92M
	EBIT
-1.10M	-3.79M	-3.94M	-11.20M	-15.86M	-7.65M
	EBITDA
-8.68M	-6.77M	-2.21M	-9.65M	-14.44M	-6.21M
	Net Income Common Stockholders
-12.09M	-14.47M	-6.26M	-11.59M	-15.29M	-7.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.77M	5.29M	9.28M	2.93M	7.05M	4.23M
	Total Assets
12.14M	9.36M	22.34M	18.39M	18.48M	13.12M
	Total Debt
1.59M	10.66M	8.16M	4.80M	3.94M	277.33K
	Net Debt
-4.93M	5.94M	-1.12M	1.95M	-2.08M	-3.96M
	Total Liabilities
4.21M	14.63M	13.51M	7.01M	6.66M	977.60K
	Stockholders Equity
7.93M	-5.28M	8.83M	11.38M	11.83M	12.14M
Cash Flow		Free Cash Flow
-7.71M	-7.26M	-1.31M	-7.25M	-7.50M	-5.55M
	Operating Cash Flow
-7.62M	-7.19M	-1.23M	-7.10M	-7.38M	-5.53M
	Investing Cash Flow
-82.56K	-468.25K	3.00M	-3.66M	-721.41K	-14.31K
	Financing Cash Flow
6.47M	3.22M	4.54M	7.60M	9.90M	4.63M

Income Asset Management Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IAM, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.91 is Neutral, neither overbought nor oversold. The STOCH value of 57.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:IAM.

Income Asset Management Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MFG	76 Outperform	AU$1.48B	6.77	23.27%	7.95%	-9.29%	12.94%
HUB	76 Outperform	€6.51B	110.77	11.42%	0.58%	22.81%	32.47%
Sector *	64 Neutral	$12.82B	9.83	7.68%	17000.34%	12.38%	-5.56%
PPT	55 Neutral	€2.09B	―	-24.47%	6.82%	5.36%	-846.00%
AMP	51 Neutral	$3.36B	18.76	4.84%	2.32%	19.36%	1261.54%
MAF	44 Neutral	AU$1.19B	26.32	10.26%	2.93%	31.89%	45.79%
IAM	37 Underperform	€22.34M	―	-173.01%	―	21.82%	-4.93%

Income Asset Management Group Limited Corporate Events

Income Asset Management Group Reports Positive Cash Flow and Strategic Asset Transition in Q3 FY2025

Income Asset Management Group Limited reported a net positive operating cash flow of $197k for Q3 FY2025, with a total liquidity buffer of $7m. The company achieved a revenue of $3.7m despite the seasonal slowdown, and successfully transitioned $1.8b of client assets to Perpetual Corporate Trust, reducing costs by approximately $2.5m. The total assets under advice reached $3.92bn, with a notable increase in client accounts and funds under advice. The company anticipates a strong Q4 FY2025, driven by robust performance in its Debt Capital Markets business.

IAM Updates Securities Trading Policy to Enhance Compliance

Income Asset Management Group Limited has updated its Securities Trading Policy in compliance with ASX Listing Rule 12.10. This update, approved by the company’s Chair, reflects IAM’s commitment to maintaining transparency and regulatory compliance, potentially enhancing its reputation and operational integrity within the financial services industry.

Adcock Private Equity Reduces Stake in Income Asset Management Group

Income Asset Management Group Limited has experienced a change in the interests of its substantial holder, Adcock Private Equity Pty Limited. The substantial holder’s voting power has decreased from 9.26% to 8.15% due to off-market and on-market sales of shares. This change in voting power may impact the company’s shareholder dynamics and influence future decision-making processes.

Income Asset Management Group Reports Strong Half-Year Results with Strategic Growth Initiatives

Income Asset Management Group Limited reported a strong performance for the half-year ending December 2024, with a 32% increase in revenue and a 38% reduction in net losses. The company successfully raised capital to eliminate $10 million in debt, enhancing its balance sheet and positioning it for future growth. A significant milestone was the transition of $1.35 billion in bonds into Perpetual Corporate Trust custody, which is expected to improve client experience and reduce costs. IAM is also focusing on expanding its debt capital markets pipeline and launching new financial products to attract more investors.

Income Asset Management Group Releases Interim Report for 2024

Income Asset Management Group Limited has released its interim report for the period from July to December 2024. The report outlines the company’s financial performance, strategic initiatives, and operational highlights. Key areas covered include the group’s strategy, business model, financial position, and governance practices. The report provides insights into the company’s market positioning and operational strategies, which are crucial for stakeholders to understand the company’s direction and potential future performance.

Adcock Private Equity Reduces Stake in Income Asset Management Group

The recent announcement from Income Asset Management Group Limited indicates a significant change in the interest of a substantial holder, Adcock Private Equity Pty Limited. The holder’s voting power decreased from 11.72% to 9.26% due to several sell-off transactions. This change could affect the company’s shareholder dynamics and influence its future strategic decisions.