Resource Development Group Limited provides contracting, remedial, and construction services to the resource, infrastructure, energy, government, utilities, and defense sectors in Australia. More Details
Flawless balance sheet with poor track record.
Share Price & News
How has Resource Development Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RDG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: Insufficient data to determine RDG's volatility change over the past year.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how RDG performed against the Australian Construction industry.
Return vs Market: Insufficient data to determine how RDG performed against the Australian Market.
Long-Term Price Volatility Vs. Market
How volatile is Resource Development Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StResource Development Group Limited (ASX:RDG) Delivered A Weaker ROE Than Its Industry
2 months ago | Simply Wall StWe're Not So Sure You Should Rely on Resource Development Group's (ASX:RDG) Statutory Earnings
Is Resource Development Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RDG (A$0.05) is trading above our estimate of fair value (A$0)
Significantly Below Fair Value: RDG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RDG is poor value based on its PE Ratio (25.2x) compared to the AU Construction industry average (19.7x).
PE vs Market: RDG is poor value based on its PE Ratio (25.2x) compared to the Australian market (22.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RDG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RDG's PB Ratio (2x) is in line with the AU Construction industry average.
How is Resource Development Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Resource Development Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Resource Development Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Resource Development Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Resource Development Group performed over the past 5 years?
Last years revenue growth
Earnings and Revenue History
Quality Earnings: RDG has a large one-off gain of A$1.8M impacting its June 30 2020 financial results.
Growing Profit Margin: RDG became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if RDG's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare RDG's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.
Earnings vs Industry: RDG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Construction industry (-3.4%).
Return on Equity
High ROE: RDG's Return on Equity (2.7%) is considered low.
How is Resource Development Group's financial position?
Financial Position Analysis
Short Term Liabilities: RDG's short term assets (A$19.0M) exceed its short term liabilities (A$9.7M).
Long Term Liabilities: RDG's short term assets (A$19.0M) exceed its long term liabilities (A$2.9M).
Debt to Equity History and Analysis
Debt Level: RDG is debt free.
Reducing Debt: RDG has not had any debt for past 5 years.
Debt Coverage: RDG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RDG has no debt, therefore coverage of interest payments is not a concern.
What is Resource Development Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RDG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RDG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RDG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RDG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RDG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Andrew Ellison (58 yo)
Mr. Andrew Blair Ellison served as Managing Director of Resource Development Group Limited. Mr. Ellison was a Owner of Cimeco Group Pty Ltd. (Cimeco Pty Ltd.) and served as its Managing Director until July...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD253.67K) is about average for companies of similar size in the Australian market ($USD281.85K).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
|Chairman of the Board & MD||no data||AU$340.86k||5.49% |
|Chairman of the Board||0.92yr||no data||no data|
|Non-Executive Director||0.50yr||no data||0.011% |
|Non-Executive Director||0.50yr||no data||no data|
Experienced Board: RDG's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RDG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: RDG only recently listed within the past 12 months.
Resource Development Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Resource Development Group Limited
- Ticker: RDG
- Exchange: ASX
- Founded: 2011
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: AU$134.096m
- Shares outstanding: 2.53b
- Website: https://www.resdevgroup.com.au
- Resource Development Group Limited
- 46 Edward Street
- Level 1
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RDG||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jun 2020|
Resource Development Group Limited provides contracting, remedial, and construction services to the resource, infrastructure, energy, government, utilities, and defense sectors in Australia. The company of...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/04 07:03|
|End of Day Share Price||2020/12/04 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.