Rectifier Technologies
Market Cap
AU$50.9m
Last Updated
2021/01/18 07:07 UTC
Data Sources
Company Financials
Executive Summary
Rectifier Technologies Limited designs and manufactures power rectifiers in Australia, Asia, North America, South America, Europe, and Oceania. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Rectifier Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RFT is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: RFT's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-5.1%
RFT
-7.5%
AU Electrical
-0.3%
AU Market
1 Year Return
-17.8%
RFT
6.0%
AU Electrical
-1.6%
AU Market
Return vs Industry: RFT underperformed the Australian Electrical industry which returned 6% over the past year.
Return vs Market: RFT underperformed the Australian Market which returned -1.6% over the past year.
Shareholder returns
| RFT | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.1% | -7.5% | -0.3% |
| 30 Day | -5.1% | 14.6% | 1.5% |
| 90 Day | -17.8% | 16.2% | 9.2% |
| 1 Year | -15.8%-17.8% | 11.0%6.0% | 1.7%-1.6% |
| 3 Year | 89.4%85.0% | -41.4%-49.8% | 26.2%10.7% |
| 5 Year | 531.4%516.7% | -69.1%-80.8% | 68.7%35.5% |
Long-Term Price Volatility Vs. Market
How volatile is Rectifier Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
How Much Does Rectifier Technologies' (ASX:RFT) CEO Make?1 month ago | Simply Wall St
These Trends Paint A Bright Future For Rectifier Technologies (ASX:RFT)2 months ago | Simply Wall St
Is Rectifier Technologies Limited's(ASX:RFT) Recent Stock Performance Tethered To Its Strong Fundamentals?Valuation
Is Rectifier Technologies undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RFT (A$0.04) is trading below our estimate of fair value (A$0.51)
Significantly Below Fair Value: RFT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RFT is poor value based on its PE Ratio (27.8x) compared to the XX Electrical industry average (24x).
PE vs Market: RFT is poor value based on its PE Ratio (27.8x) compared to the Australian market (22.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RFT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RFT is overvalued based on its PB Ratio (5.3x) compared to the AU Electrical industry average (3.5x).
Next Steps
Future Growth
How is Rectifier Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
27.4%
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 Rectifier Technologies 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.
Next Steps
- Examine Rectifier Technologies'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.
- Rectifier Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Rectifier Technologies performed over the past 5 years?
26.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RFT has high quality earnings.
Growing Profit Margin: RFT's current net profit margins (11.3%) are lower than last year (11.6%).
Past Earnings Growth Analysis
Earnings Trend: RFT's earnings have grown significantly by 26.3% per year over the past 5 years.
Accelerating Growth: RFT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RFT had negative earnings growth (-14.4%) over the past year, making it difficult to compare to the Electrical industry average (1%).
Return on Equity
High ROE: RFT's Return on Equity (19%) is considered low.
Next Steps
Financial Health
How is Rectifier Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: RFT's short term assets (A$11.8M) exceed its short term liabilities (A$4.5M).
Long Term Liabilities: RFT's short term assets (A$11.8M) exceed its long term liabilities (A$3.9M).
Debt to Equity History and Analysis
Debt Level: RFT's debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: RFT's debt to equity ratio has reduced from 34.1% to 28.1% over the past 5 years.
Debt Coverage: RFT's debt is well covered by operating cash flow (228.8%).
Interest Coverage: RFT's interest payments on its debt are well covered by EBIT (17.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Rectifier Technologies's current dividend yield, its reliability and sustainability?
2.70%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RFT's dividend (2.7%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: RFT's dividend (2.7%) is low compared to the top 25% of dividend payers in the Australian market (5.03%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether RFT's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if RFT's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.2%), RFT's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average board tenure
CEO
Yanbin Wang
10.25yrs
Tenure
AU$426,031
Compensation
Mr. Yanbin Wang has been the Chief Executive Officer of Rectifier Technologies Limited since October 13, 2010. Mr. Wang served as the Chief Operations Officer of Tianjin IC Card Public Network Company of T...
CEO Compensation Analysis
Compensation vs Market: Yanbin's total compensation ($USD328.83K) is about average for companies of similar size in the Australian market ($USD294.38K).
Compensation vs Earnings: Yanbin's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 10.25yrs | AU$426.03k | 2.18% A$ 1.1m | |
| Head of Power Engineering & Executive Director | 3.75yrs | AU$237.83k | 1.6% A$ 814.4k | |
| Non-Executive Director | 8.25yrs | AU$10.50k | 2.74% A$ 1.4m | |
| Chairman | no data | AU$15.75k | no data |
8.3yrs
Average Tenure
Experienced Board: RFT's board of directors are considered experienced (8.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Rectifier Technologies Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Rectifier Technologies Limited
- Ticker: RFT
- Exchange: ASX
- Founded: 1992
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: AU$50.901m
- Shares outstanding: 1.38b
- Website: https://www.rectifiertechnologies.com
Location
- Rectifier Technologies Limited
- 97 Highbury Road
- Burwood
- Victoria
- 3125
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RFT | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Oct 1994 |
| RFT | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Oct 1994 |
Biography
Rectifier Technologies Limited designs and manufactures power rectifiers in Australia, Asia, North America, South America, Europe, and Oceania. It offers electronic components; rectifiers, controllers, acc...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 07:07 |
| End of Day Share Price | 2021/01/18 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.