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Income Asset Management Group Limited (AU:IAM)
FRANKFURT:IAM

Income Asset Management Group Limited (IAM) AI Stock Analysis

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AU:IAM

Income Asset Management Group Limited

(Frankfurt:IAM)

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Neutral 41 (OpenAI - 4o)
Rating:41Neutral
Price Target:
AU$0.03
▼(-13.33% Downside)
The overall stock score of 41 reflects significant financial challenges, including persistent losses and negative cash flows, coupled with bearish technical indicators. The negative P/E ratio and lack of dividend yield further highlight valuation concerns. These factors collectively suggest a high-risk investment profile.

Income Asset Management Group Limited (IAM) vs. iShares MSCI Australia ETF (EWA)

Income Asset Management Group Limited Business Overview & Revenue Model

Company DescriptionIncome 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, offering a range of services including portfolio management, financial advisory, and investment research. IAM focuses on maximizing returns while managing risk, utilizing both traditional and alternative investment vehicles to cater to diverse client needs.
How the Company Makes MoneyIAM generates revenue through multiple streams, primarily by charging management fees based on the assets under management (AUM) for its investment funds. Additionally, the company earns performance fees on funds that exceed specific investment benchmarks, providing an incentive to achieve higher returns for clients. IAM also engages in financial advisory services, charging fees for consultations and tailored investment strategies. Strategic partnerships with financial institutions and technology providers enhance IAM's service offerings and expand its client base, further contributing to its revenue growth.

Income Asset Management Group Limited Financial Statement Overview

Summary
Income Asset Management Group Limited faces significant financial challenges, with persistent losses and negative cash flows. While the balance sheet shows some stability in terms of leverage, the company's inability to generate profits and positive cash flows poses a risk to its financial health. The company needs to address its operational inefficiencies and improve profitability to enhance its financial position.
Income Statement
The company has consistently reported negative net income and margins over the years, indicating ongoing profitability challenges. Despite a modest revenue growth rate of 7.42% in the most recent year, the gross profit margin turned negative, reflecting inefficiencies in cost management. The EBIT and EBITDA margins remain negative, further highlighting operational difficulties.
Balance Sheet
The balance sheet shows a relatively low debt-to-equity ratio of 0.18, suggesting manageable leverage. However, the negative return on equity indicates that the company is not generating sufficient returns on shareholder investments. The equity ratio of 59.23% suggests a stable capital structure, but the negative equity in previous years raises concerns about financial stability.
Cash Flow
The company has experienced negative operating and free cash flows, indicating cash management issues. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is also negative, suggesting inefficiencies in converting income into cash. The free cash flow to net income ratio is slightly above 1, indicating some ability to cover net losses with free cash flow.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue17.15M17.15M14.02M13.86M7.19M3.35M
Gross Profit-54.97K-54.97K6.29M9.94M1.40M-11.31M
EBITDA-2.75M-2.75M-6.77M-2.21M-9.65M-14.44M
Net Income-5.50M-5.50M-14.47M-6.26M-11.59M-15.29M
Balance Sheet
Total Assets10.45M10.45M9.36M22.34M18.39M18.48M
Cash, Cash Equivalents and Short-Term Investments7.24M7.24M5.29M9.28M2.93M7.22M
Total Debt1.12M1.12M10.66M8.48M4.80M3.94M
Total Liabilities4.26M4.26M14.63M13.51M7.01M6.66M
Stockholders Equity6.19M6.19M-5.28M8.83M11.38M11.83M
Cash Flow
Free Cash Flow-4.49M-4.49M-7.26M-1.31M-7.25M-7.50M
Operating Cash Flow-4.39M-4.39M-7.19M-1.23M-7.10M-7.38M
Investing Cash Flow-583.52K-583.52K-468.25K3.00M-3.66M-721.41K
Financing Cash Flow6.21M6.21M3.22M4.54M7.60M9.90M

Income Asset Management Group Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.03
Price Trends
50DMA
0.03
Positive
100DMA
0.03
Negative
200DMA
0.03
Positive
Market Momentum
MACD
<0.01
Positive
RSI
54.29
Neutral
STOCH
15.00
Positive
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 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.29 is Neutral, neither overbought nor oversold. The STOCH value of 15.00 is Positive, 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

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
61
Neutral
AU$49.62M10.6615.13%5.00%16.64%19.30%
54
Neutral
AU$10.87M57.641.82%3.50%-50.00%-52.07%
53
Neutral
AU$31.77M56.622.42%2.03%18.17%
52
Neutral
AU$33.26M25.931.06%-7.19%
41
Neutral
AU$31.65M-3.62-3959.24%22.38%67.92%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:IAM
Income Asset Management Group Limited
0.03
<0.01
9.68%
AU:IPC
Imperial Pacific Limited
2.00
0.46
29.87%
AU:CIW
Clime Investment Management Ltd
0.39
0.04
10.63%
AU:BBC
BNK Banking Corporation Limited
0.28
-0.04
-12.50%
AU:WTL
WT Financial Group Ltd.
0.15
0.06
74.70%

Income Asset Management Group Limited Corporate Events

Income Asset Management Secures $2m Insider-Funded Debt Facility to Support Liquidity
Dec 22, 2025

Income Asset Management has executed documentation for a $2 million unsecured debt facility, with a 15% annual interest rate and maturity in July 2027, to bolster liquidity over the typically quieter Christmas trading period and while it awaits the outcome of an insurance claim related to a fraud event disclosed in September 2025. The facility, which allows early repayment without penalty, is being funded by a consortium that includes Managing Director Jon Lechte, incoming director Jim Simpson and other senior executives, underscoring internal confidence in the business as IAM reports strong second-quarter momentum in transaction volumes, deal values and funds under administration, and flags the imminent expiry of 45.66 million listed options at year-end.

The most recent analyst rating on (AU:IAM) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Director Change at Income Asset Management Group Limited
Nov 13, 2025

Income Asset Management Group Limited announced the cessation of John Nantes as a director, effective November 12, 2025. This change in directorship involves the transfer of interests in various securities, including fully paid ordinary shares and listed options, which may affect the company’s governance and stakeholder interests.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Income Asset Management Appoints New Director with Significant Shareholding
Nov 13, 2025

Income Asset Management Group Limited has announced the appointment of Jonathan Lechte as a director, effective November 12, 2025. The announcement details Lechte’s interests in various securities, including fully paid ordinary shares and listed options, indicating his significant involvement in the company’s financial structure. This move could potentially impact the company’s strategic direction and stakeholder confidence, given Lechte’s substantial shareholding and roles in related entities.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Income Asset Management Announces AGM Results with Strong Shareholder Support
Nov 12, 2025

Income Asset Management Group Limited announced the results of its Annual General Meeting, where all resolutions were passed with substantial shareholder support. The Remuneration Report was notably approved with over 94% of votes, negating the need for a conditional spill resolution. This outcome reflects strong shareholder confidence and supports the company’s strategic direction.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Income Asset Management Announces Board Renewal with New Chair and Managing Director
Nov 12, 2025

Income Asset Management Group Limited has announced a significant board renewal with the appointment of Ms. Danielle Press as the new Chair of the Board, following the retirement of Executive Chair Mr. John Nantes. Additionally, the company’s CEO, Mr. Jon Lechte, has been appointed to the Board as Managing Director. This leadership transition is seen as a strategic move to continue the company’s growth and stability, leveraging the substantial experience of the refreshed Board and the talented fixed income team in Australia.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Income Asset Management Group’s Strategic AGM Presentation
Nov 12, 2025

Income Asset Management Group Limited presented its company presentation at the Annual General Meeting of Shareholders on November 12, 2025. The presentation highlights the company’s strategic positioning and expertise in the bond and loan markets, emphasizing its role in providing comprehensive investment services. This announcement underscores IAM’s commitment to maintaining its market-leading status and could have implications for its stakeholders by reinforcing confidence in its operational strategies and market focus.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Income Asset Management Issues Unquoted Equity Securities
Oct 31, 2025

Income Asset Management Group Limited announced the issuance of 34,000,000 unquoted equity securities, specifically options expiring on various dates at various prices, as part of an employee incentive scheme. This move is likely aimed at enhancing employee engagement and retention, potentially impacting the company’s operational dynamics and positioning within the financial services sector.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Income Asset Management Refreshes Staff Incentive Scheme with New Equity-Linked Securities
Oct 31, 2025

Income Asset Management Group Limited has announced the issuance of equity-linked securities to key staff, which may convert to 34,000,000 ordinary shares, representing approximately 3.7% of the current shares. This move is part of a strategy to enhance staff alignment with shareholders and maximize long-term value. The new Zero Exercise Price Options (ZEPOs) are designed to refresh the company’s staff incentive framework, ensuring it remains meaningful and aligned with shareholder outcomes. The board believes this approach will help attract and retain market-leading talent while preserving cash reserves by using equity-based incentives.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Income Asset Management Reports Strong Q1 FY2026 Despite Fraud Impact
Oct 26, 2025

Income Asset Management Group Limited reported a significant increase in operating revenue for Q1 FY2026, despite dealing with the aftermath of fraudulent activities that affected its financials. The company has been working with FTI Consulting to assess the impact of the fraud, which involved theft and additional liabilities. IAM’s financial performance remains strong, with no client losses reported, and the company continues to maintain a robust product offering and client growth. The ongoing investigation is being closely monitored, with updates provided to insurers and regulators.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Director Change at Income Asset Management Group
Oct 10, 2025

Income Asset Management Group Limited announced the cessation of Craig Swanger as a director, effective October 9, 2025. Swanger held significant interests in the company, including 2,330,000 fully paid ordinary shares as a registered holder and an additional 1,156,626 shares through a trust. This change in directorship may impact the company’s governance and strategic direction, influencing stakeholder confidence and market perception.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

IAM Announces Resignation of Non-Executive Director
Oct 9, 2025

Income Asset Management Group Limited announced the resignation of Non-Executive Director Craig Swanger from its board, effective immediately. Swanger, who joined the board in 2019 and transitioned to a non-executive role in 2024, is thanked for his contributions. This change in the board’s composition may impact the company’s strategic direction and stakeholder relations.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

Income Asset Management Announces 2025 AGM Details
Oct 7, 2025

Income Asset Management Group Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 12, 2025, in Melbourne. The meeting will cover the company’s financial statements and reports for the fiscal year ending June 30, 2025. This announcement is part of the company’s ongoing efforts to engage with its stakeholders and provide transparency regarding its financial performance and strategic direction.

The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

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.Date of analysis: Nov 25, 2025