Income Asset Management Group Limited (AU:IAM)
ASX:IAM
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Income Asset Management Group Limited
(Sydney:IAM)
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Rating:45Neutral
Price Target:
AU$0.02
▼(-26.67% Downside)
Action:ReiteratedDate:04/30/26
The score is held down primarily by poor financial performance—ongoing losses, negative margins, and negative operating/free cash flow—despite manageable leverage. Technicals are mixed with short-term strength but longer-term weakness and overbought RSI. Valuation is difficult to justify positively because the negative P/E reflects unprofitable operations and no dividend yield is available.
Positive Factors
Low leverage and solid equity ratio
A low debt-to-equity ratio (0.18) and a c.59% equity ratio materially reduce refinancing and solvency risk, giving management durable flexibility to fund operations or restructure. This capital structure supports multi-month resilience while pursuing margin or revenue improvements.
Negative Factors
Persistent net losses and negative margins
Negative gross and operating margins indicate a structural mismatch between revenue and costs, not a one-off. Over a multi-month horizon this erodes capital, limits reinvestment, and requires either pricing, product or cost model changes to restore sustainable profitability and investor confidence.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and solid equity ratio
A low debt-to-equity ratio (0.18) and a c.59% equity ratio materially reduce refinancing and solvency risk, giving management durable flexibility to fund operations or restructure. This capital structure supports multi-month resilience while pursuing margin or revenue improvements.
Read all positive factors
Income Asset Management Group Limited (IAM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$18.62M
Dividend YieldN/A
Average Volume (3M)385.85K
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue Growth14.09%
EPS Growth78.63%
CountryAU
Employees30
SectorFinancial
Sector Strength70
IndustryAsset Management - Income
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding930,870,850
10 Day Avg. Volume398,517
30 Day Avg. Volume385,850
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)3.67
Price to Sales (P/S)1.32
P/FCF Ratio-5.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.07Price Target Upside133.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$22.80M
Income Asset Management Group Limited Business Overview & Revenue Model
Company Description
Income Asset Management Group Limited (IAM) is a financial services firm specializing in asset management and investment strategies tailored for individual and institutional clients. The company operates primarily in the asset management sector, o...
How the Company Makes Money
null...
Income Asset Management Group Limited Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
35
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.22M | 17.15M | 14.02M | 13.86M | 7.19M | 3.35M |
| Gross Profit | 5.94M | -54.97K | 6.29M | 9.94M | 1.40M | -11.31M |
| EBITDA | -3.48M | -2.75M | -6.77M | -2.21M | -9.65M | -14.44M |
| Net Income | -4.65M | -5.50M | -14.47M | -6.26M | -11.59M | -15.29M |
Balance Sheet | ||||||
| Total Assets | 8.83M | 10.45M | 9.36M | 22.34M | 18.39M | 18.48M |
| Cash, Cash Equivalents and Short-Term Investments | 4.09M | 7.24M | 5.29M | 9.28M | 2.93M | 7.22M |
| Total Debt | 7.37M | 1.12M | 10.66M | 8.48M | 4.80M | 3.94M |
| Total Liabilities | 7.68M | 4.26M | 14.63M | 13.51M | 7.01M | 6.66M |
| Stockholders Equity | 1.14M | 6.19M | -5.28M | 8.83M | 11.38M | 11.83M |
Cash Flow | ||||||
| Free Cash Flow | -1.95M | -4.49M | -7.26M | -1.31M | -7.25M | -7.50M |
| Operating Cash Flow | -1.90M | -4.39M | -7.19M | -1.23M | -7.10M | -7.38M |
| Investing Cash Flow | -205.77K | -583.52K | -468.25K | 3.00M | -3.66M | -721.41K |
| Financing Cash Flow | 1.27M | 6.21M | 3.22M | 4.54M | 7.60M | 9.90M |
Income Asset Management Group Limited Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.03
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
19.11
Positive
>-0.01
Positive
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 below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 19.11 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$54.22M | 2.97 | 35.99% | 6.39% | 0.11% | 21.50% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | AU$717.39M | 12.66 | 9.90% | 2.65% | 11.84% | 26.57% | |
55 Neutral | AU$17.26M | -78.67 | 2.73% | ― | 14.36% | ― | |
53 Neutral | AU$26.37M | 46.88 | 4.11% | 2.03% | 35.83% | ― | |
46 Neutral | AU$26.55M | -9.22 | -27.93% | 4.88% | ― | -55.51% | |
45 Neutral | AU$18.62M | -2.62 | -126.93% | ― | 14.09% | 78.63% |
* Financial Sector Average
AU:IAM
Income Asset Management Group Limited
0.02
0.00
0.00%
AU:APL
Contango Asset Management Ltd.
0.30
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114.29%
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Blackwall Limited
0.15
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0.32
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Microequities Asset Management Group Ltd.
0.41
-0.05
-11.45%
AU:QAL
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2.51
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-3.98%
Income Asset Management Group Limited Corporate Events
Income Asset Management names James Mitchell as new CFO to drive next growth phase
Apr 30, 2026
Income Asset Management Group has appointed James Mitchell as its new Chief Financial Officer, effective 5 May 2026, bringing more than three decades of experience across financial services, hospitality and corporate leadership, including senior r...
Income Asset Management flags pending revenue as losses and litigation costs weigh
Apr 29, 2026
Income Asset Management Group reported operating revenue of $2.9 million for the third quarter of FY2026, excluding a further $2.7 million in contracted revenue awaiting settlement that would lift unaudited year-to-date revenue from $12 million to...
Income Asset Management Recoups $2.05m via Insurance Fraud Settlement
Apr 29, 2026
Income Asset Management Group Limited has secured a $2.05 million insurance settlement linked to losses from fraudulent activity by a former employee, partially recovering funds misappropriated in 2025. The payment, due by 12 May 2026, closes all ...
Income Asset Management Clears 4.9 Million Lapsed Performance Rights
Apr 15, 2026
Income Asset Management Group Limited has notified the market that 4,865,000 performance rights, quoted under ASX code IAMAC, have lapsed without being exercised or converted. The securities ceased on 31 December 2025 due to the expiry of the perf...
Income Asset Management Releases Interim Report for Half-Year to December 2025
Feb 27, 2026
Income Asset Management Group has released its interim report for the period 1 July to 31 December 2025, outlining its financial performance, trading update, and operating results for the first half of FY26. The report details the group’s st...
Income Asset Management Appoints New Company Secretary to Strengthen Governance
Feb 5, 2026
Income Asset Management Group Limited has appointed experienced corporate lawyer Alexandra Coleman as its new Company Secretary, effective 6 February 2026, succeeding Vanessa Chidrawi, who has held the role since December 2020. Coleman, who brings...
Income Asset Management Settles Long-Running BGC Dispute and Secures Back-Up Liquidity
Feb 3, 2026
Income Asset Management Group has reached a mediated commercial settlement with BGC to resolve all disputes arising from the 2020 hiring of five former BGC employees, now senior members of IAM’s management team. Under the agreement, IAM will...
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.