Added to YB: 2024-06-04
Pitch date: 2024-05-31
IMB.AX [bullish]
Intelligent Monitoring Group Limited
+50.59%
current return
Author Info
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Company Info
Intelligent Monitoring Group Limited provides security, monitoring, and risk management services for business and individual use in Australia.
Market Cap
AUD 229.0M
Pitch Price
AUD 0.42
Price Target
1.07 (+68%)
Dividend
N/A
EV/EBITDA
8.68
P/E
-0.15
EV/Sales
1.72
Sector
Commercial Services and Supplies
Category
value
Intelligent Monitoring Group Limited ($IMB.AX) - An Australian security roll-up with recurring revenues at 5x Fwd P/E
IMB.AX: Australia's largest security co w/ 200K+ customers. Pro forma 2024 guidance post-acquisition: AUD 39.2M adj EBITDA, AUD 19.1M NPAT (0 tax from NOLs). EV AUD 187M for 26% FCF yield base case. 63% insider owned, activist chair. Upside: deleveraging, organic growth, re-rating to 10x EBITDA (186%). Key risks: acquisition integration, controlling shareholder. Overlooked: outdated data on screeners, 0 writeups.
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