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Income Asset Management Group Limited
(Sydney:IAM)
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Rating:41Neutral
Price Target:
AU$0.02
▼(-40.00% Downside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by weak financial performance, including persistent losses, recurring negative operating/free cash flow, and a sharp deterioration in balance-sheet resilience due to higher leverage as equity fell. Technicals add modest pressure given the price trading below key moving averages, while valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Gross Margin Improvement
The meaningful improvement in gross margin indicates that the economics of the company’s services strengthened year over year. If maintained, better gross profitability can provide greater capacity to cover operating costs and support progress toward sustainable earnings.
Negative Factors
Persistent Loss-Making Operations
Persistent operating and net losses show that current revenue levels have not yet supported a sustainable cost structure. Ongoing losses can consume capital, restrict reinvestment, and make future performance dependent on achieving stronger revenue or further expense reductions.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross Margin Improvement
The meaningful improvement in gross margin indicates that the economics of the company’s services strengthened year over year. If maintained, better gross profitability can provide greater capacity to cover operating costs and support progress toward sustainable earnings.
Read all positive factors
Income Asset Management Group Limited (IAM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.96M
Dividend YieldN/A
Average Volume (3M)254.34K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue Growth6.13%
EPS Growth58.51%
CountryAU
Employees30
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding930,870,850
10 Day Avg. Volume91,890
30 Day Avg. Volume254,344
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)25.36
Price to Sales (P/S)1.03
P/FCF Ratio-7.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.06Price Target Upside100.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)AU$22.40M
Income Asset Management Group Limited Business Overview & Revenue Model
Company Description
Income Asset Management Group Limited (IAM.AX) is an Australian financial services firm specializing in providing a comprehensive suite of fixed income investment solutions. These offerings encompass treasury oversight, cash management, bonds, deb...
Income Asset Management Group Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
30
Negative
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.02M | 17.15M | 14.02M | 13.86M | 7.19M |
| Gross Profit | 11.07M | -54.97K | 6.29M | 9.94M | 1.40M |
| EBITDA | -1.78M | -2.06M | -6.77M | -2.21M | -9.65M |
| Net Income | -3.59M | -5.50M | -14.47M | -6.26M | -11.59M |
Balance Sheet | |||||
| Total Assets | 8.56M | 10.45M | 9.36M | 22.34M | 18.39M |
| Cash, Cash Equivalents and Short-Term Investments | 4.24M | 7.24M | 5.29M | 9.28M | 2.93M |
| Total Debt | 4.77M | 1.12M | 10.66M | 8.48M | 4.80M |
| Total Liabilities | 7.83M | 4.26M | 14.63M | 13.51M | 7.01M |
| Stockholders Equity | 734.21K | 6.19M | -5.28M | 8.83M | 11.38M |
Cash Flow | |||||
| Free Cash Flow | -2.63M | -4.49M | -7.26M | -1.31M | -7.25M |
| Operating Cash Flow | -2.63M | -4.39M | -7.19M | -1.23M | -7.10M |
| Investing Cash Flow | 255.13K | -583.52K | -468.25K | 3.00M | -3.66M |
| Financing Cash Flow | 1.27M | 6.21M | 3.22M | 4.54M | 7.60M |
Income Asset Management Group Limited Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
<0.01
Positive
35.71
Neutral
26.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IAM, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 35.71 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:IAM.
Income Asset Management Group Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$43.33M | 7.67 | 22.72% | 9.85% | -11.68% | -19.96% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$651.08M | 15.25 | 10.65% | 5.21% | 11.66% | 24.32% | |
51 Neutral | AU$18.11M | -26.99 | -9.09% | 6.32% | 0.92% | -293.33% | |
45 Neutral | AU$15.72M | -6.72 | -6.24% | 10.87% | -40.66% | 82.75% | |
45 Neutral | AU$22.61M | 27.78 | 3.35% | 2.90% | -50.69% | 47.76% | |
41 Neutral | AU$13.96M | -3.85 | -382.28% | ― | 6.13% | 58.51% |
* Financial Sector Average
AU:IAM
Income Asset Management Group Limited
0.02
-0.02
-57.14%
AU:APL
Contango Asset Management Ltd.
0.31
0.19
165.22%
AU:BWF
Blackwall Limited
0.09
-0.11
-54.90%
AU:CIW
Clime Investment Management Ltd
0.28
-0.12
-29.67%
AU:MAM
Microequities Asset Management Group Ltd.
0.34
-0.19
-36.19%
AU:QAL
Qualitas Limited
2.16
-1.22
-36.17%
Income Asset Management Group Limited Corporate Events
DMX Asset Management Ceases to Be Substantial Shareholder in Income Asset Management
Sep 23, 2026
Income Asset Management Group Limited has disclosed that DMX Asset Management Limited has ceased to be a substantial shareholder, following changes in its relevant interest in the company’s ordinary shares. The notice details transactions in...
Income Asset Management appoints interim CFO as finance chief departs
Sep 22, 2026
Income Asset Management Group has announced a leadership change in its finance function, with Chief Financial Officer James Mitchell stepping down effective 22 September 2026, as the board acknowledges his contribution and signals a transition pha...
Income Asset Management Sharpen Governance and Diversity Framework
Aug 31, 2026
Income Asset Management Group Limited has detailed its corporate governance framework, affirming substantial compliance with the ASX Corporate Governance Principles and Recommendations appropriate to its size and operational profile. The board has...
Income Asset Management Narrows Losses as Revenue Rises but Dividend Remains Absent
Aug 31, 2026
Income Asset Management Group Limited reported an 18% increase in revenues from ordinary activities to $20.24 million for the year ended 30 June 2026, compared with $17.15 million in the prior year. Despite remaining loss-making, the group’s...
Director Increases Stake and Extends Unsecured Funding to Income Asset Management Group
Aug 26, 2026
Income Asset Management Group Limited, a financial services and asset management firm, offers income-focused investment products to investors seeking yield and capital preservation. Its ownership base includes substantial director-held ordinary sh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.