Redox Limited

ASX:RDX Stock Report

Market Cap: AU$2.0b

Redox Past Earnings Performance

Past criteria checks 2/6

Redox has been growing earnings at an average annual rate of 3.2%, while the Trade Distributors industry saw earnings growing at 19.7% annually. Revenues have been growing at an average rate of 0.7% per year. Redox's return on equity is 14.6%, and it has net margins of 6.3%.

Key information

3.17%

Earnings growth rate

-148.40%

EPS growth rate

Trade Distributors Industry Growth25.70%
Revenue growth rate0.68%
Return on equity14.64%
Net Margin6.28%
Next Earnings Update20 Aug 2026

Recent past performance updates

Recent updates

Narrative Update Jul 07

RDX: Fair Outlook Will Reflect Updated Margin And P E Assumptions

Analysts have raised their 12 month price target for Redox to A$3.98 from A$3.57, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the main drivers of the change. What's in the News No recent Redox specific news items were identified in the provided sources.
Narrative Update Jun 22

RDX: Future Returns Will Be Pressured By Elevated Required Return

Analysts have slightly adjusted their price target on Redox, citing modest changes in the discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations as key inputs behind the updated A$ valuation range. What’s in the News for Redox No recent Redox specific news items were identified in the provided sources.
Narrative Update Jun 04

RDX: Upcoming Dividend Timing Will Support A Positive Repricing Outlook

Analysts have trimmed their price target on Redox to A$4.20, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E that remain broadly in line with prior expectations. What's in the News No recent company specific news items for Redox were provided in the sources above.
Narrative Update Apr 27

RDX: Future Returns Will Reflect Stable Dividend And Slightly Refined Assumptions

Analysts have adjusted their price target on Redox to A$3.30, broadly in line with the previous A$3.30. This reflects updated assumptions around discount rate, revenue growth, profit margins and future P/E, which leave their overall valuation view largely unchanged.
Narrative Update Apr 11

RDX: Upcoming Dividend Timing Will Support A Positive Repricing Outlook

Analysts have lifted their price target on Redox by A$0.00 to reflect small tweaks to discount rate, revenue growth and profit margin assumptions, as well as a slightly lower future P/E multiple that keeps their overall fair value view broadly unchanged. What's in the News Redox Limited declared an ordinary fully paid dividend of A$0.065 per share for the six months to December 31, 2025 (Key Developments).
Narrative Update Mar 27

RDX: Upcoming Dividend Payout Will Support A Positive Repricing Outlook

Analysts have nudged their price target on Redox lower to A$4.20 from A$4.40, reflecting updated assumptions for slightly softer revenue growth, a modestly higher discount rate, firmer profit margins, and a reduced future P/E multiple. What's in the News Redox declared an ordinary fully paid dividend of A$0.065 per share for the six months to December 31, 2025, providing investors with clarity on the upcoming payout schedule (Key Developments).
Narrative Update Mar 12

RDX: Future Returns Will Reflect Stable Dividend And Tightly Refined Assumptions

Analysts have trimmed their price target for Redox to A$18.86 from A$18.98, reflecting slightly updated assumptions for the discount rate, revenue growth, profit margins and future P/E, while keeping fair value broadly unchanged. What's in the News Redox Limited declared an ordinary fully paid dividend of A$0.065 per share for the six month period ending December 31, 2025 (Key Developments).
Narrative Update Feb 25

RDX: Future Returns Will Reflect Dividend Stability And Slightly Refined Assumptions

Analysts have lifted their price target on Redox to A$3.30 from A$3.16, reflecting updated assumptions around modestly adjusted revenue growth, slightly higher profit margins and a marginally higher future P/E multiple. What's in the News Redox Limited declared an ordinary fully paid dividend of A$0.065 per share for the six month period ending December 31, 2025 (Key Developments).
Narrative Update Feb 11

RDX: Future Returns Will Reflect Stable Fair Value And Refined Assumptions

Analysts have adjusted their price target for Redox slightly, citing small shifts in inputs such as the discount rate, revenue growth expectations around 11.09%, profit margin assumptions around 6.64%, and a future P/E of about 18.35x. Together, these factors refine but do not materially change their overall valuation framework, which is currently anchored around a fair value of $3.16.
Narrative Update Jan 27

RDX: Future Returns Will Reflect Fine Tuning Of Core Assumptions

Analysts have nudged their price target on Redox slightly higher to reflect modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, with the revision framed as a fine tuning of their valuation rather than a major reset. Valuation Changes Fair Value: unchanged at A$3.16 per share, indicating no revision to the central valuation point.
Narrative Update Jan 13

RDX: Future Returns Will Reflect Stable Assumptions And Slightly Repriced Risk

Analysts have trimmed their price targets on Redox by a modest amount, reflecting slightly higher discount rate assumptions, marginally different views on revenue growth and profit margins, and a small recalibration of expected future P/E levels. Valuation Changes Fair Value: Unchanged at A$3.16 per share, indicating no adjustment to the central valuation estimate.
Narrative Update Dec 26

RDX: Future Returns Will Reflect Stable Outlook And Slightly Higher Profitability

Analysts have modestly lifted their price target on Redox, citing slightly faster projected revenue growth, a marginally higher long term profit margin, and a small reduction in the assumed discount rate. Together, these factors support an updated fair value estimate of $3.16 per share.
Analysis Article Dec 23

Redox (ASX:RDX) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update Dec 12

RDX: Future Returns Will Reflect Higher Multiple Despite Softer Outlook

Analysts have raised their price target on Redox from 2.68 dollars to 3.16 dollars, citing a higher expected future price-to-earnings multiple, despite moderating assumptions for revenue growth and profit margins and a slightly higher discount rate. Valuation Changes Fair Value: Increased from A$2.68 to A$3.16, representing a moderate upward revision to the target valuation.
Analysis Article Nov 27

The Returns On Capital At Redox (ASX:RDX) Don't Inspire Confidence

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Sep 17

Redox Limited's (ASX:RDX) Shares May Have Run Too Fast Too Soon

It's not a stretch to say that Redox Limited's ( ASX:RDX ) price-to-earnings (or "P/E") ratio of 18.9x right now seems...
Analysis Article Aug 25

Is Redox (ASX:RDX) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update Aug 22

New Partnerships With Dow And Viva Energy Will Expand Market Access And Drive Future Growth

Despite a lower consensus revenue growth forecast, a slight improvement in net profit margin has likely supported the upward revision in Redox’s analyst price target to A$3.62. Valuation Changes Summary of Valuation Changes for Redox The Consensus Analyst Price Target has risen from A$3.43 to A$3.62.
Analysis Article May 14

Redox's (ASX:RDX) Returns On Capital Not Reflecting Well On The Business

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Analysis Article Feb 25

Redox (ASX:RDX) Has Announced A Dividend Of A$0.06

Redox Limited ( ASX:RDX ) has announced that it will pay a dividend of A$0.06 per share on the 25th of March. This...
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New Narrative Feb 09

Expanding Sales And Integrating Acquisitions Will Strengthen Our Market Position In FY '25

Strategic expansion in North America and M&A activities in APAC bolster Redox's potential for significant revenue and earnings growth.
Analysis Article Jan 08

Calculating The Fair Value Of Redox Limited (ASX:RDX)

Key Insights Redox's estimated fair value is AU$3.66 based on 2 Stage Free Cash Flow to Equity Redox's AU$4.30 share...
Analysis Article Nov 14

Redox (ASX:RDX) May Have Issues Allocating Its Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Aug 23

Redox Limited Recorded A 5.9% Miss On Revenue: Analysts Are Revisiting Their Models

Last week, you might have seen that Redox Limited ( ASX:RDX ) released its yearly result to the market. The early...
Analysis Article Jul 15

Be Wary Of Redox (ASX:RDX) And Its Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article Jun 10

Is Redox Limited (ASX:RDX) Expensive For A Reason? A Look At Its Intrinsic Value

Key Insights Using the Dividend Discount Model, Redox fair value estimate is AU$2.43 Current share price of AU$3.05...
Analysis Article Feb 14

Calculating The Fair Value Of Redox Limited (ASX:RDX)

Key Insights Redox's estimated fair value is AU$2.33 based on Dividend Discount Model Current share price of AU$2.44...

Revenue & Expenses Breakdown

How Redox makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

ASX:RDX Revenue, expenses and earnings (AUD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 251,286811440
30 Sep 251,265791430
30 Jun 251,244771410
31 Mar 251,216841370
31 Dec 241,187911330
30 Sep 241,162911270
30 Jun 241,137901210
31 Mar 241,171871200
31 Dec 231,204831200
30 Sep 231,231821180
30 Jun 231,258811170
31 Mar 231,239851160
31 Dec 221,221901140
30 Sep 221,151891100
30 Jun 221,082881060
30 Jun 2179648840
30 Jun 2071833770
30 Jun 1970529780

Quality Earnings: RDX has high quality earnings.

Growing Profit Margin: RDX's current net profit margins (6.3%) are lower than last year (7.7%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: RDX's earnings have grown by 3.2% per year over the past 5 years.

Accelerating Growth: RDX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RDX had negative earnings growth (-11.2%) over the past year, making it difficult to compare to the Trade Distributors industry average (-10%).


Return on Equity

High ROE: RDX's Return on Equity (14.6%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/10 21:58
End of Day Share Price 2026/08/10 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Redox Limited is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chenny WangMorgan Stanley
Esther HollowayMorningstar Inc.
John LawlorOrd Minnett Limited