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RFT

Rectifier TechnologiesASX:RFT Stock Report

Market Cap

AU$57.8m

7D

-4.5%

1Y

2.4%

Updated

07 Dec, 2021

Data

Company Financials
RFT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends0/6

RFT Stock Overview

Rectifier Technologies Limited, together with its subsidiaries, designs and manufactures power rectifiers in Australia, Asia, North America, South America, Europe, and Oceania.

Price History & Performance

Summary of all time highs, changes and price drops for Rectifier Technologies
Historical stock prices
Current Share PriceAU$0.042
52 Week HighAU$0.078
52 Week LowAU$0.028
Beta0.46
1 Month Change16.67%
3 Month Change31.25%
1 Year Change2.44%
3 Year Change35.48%
5 Year Change90.91%
Change since IPO-95.63%

Recent News & Updates

Jun 28
Rectifier Technologies (ASX:RFT) Seems To Use Debt Quite Sensibly

Rectifier Technologies (ASX:RFT) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 22
These 4 Measures Indicate That Rectifier Technologies (ASX:RFT) Is Using Debt Reasonably Well

These 4 Measures Indicate That Rectifier Technologies (ASX:RFT) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Feb 15
Is Rectifier Technologies Limited's (ASX:RFT) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Is Rectifier Technologies Limited's (ASX:RFT) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Rectifier Technologies (ASX:RFT) has had a great run on the share market with its stock up by a significant 19% over...

Jan 24
We Think Rectifier Technologies's (ASX:RFT) Statutory Profit Might Understate Its Earnings Potential

We Think Rectifier Technologies's (ASX:RFT) Statutory Profit Might Understate Its Earnings Potential

Statistically speaking, it is less risky to invest in profitable companies than in unprofitable ones. However...

Dec 22
How Much Does Rectifier Technologies' (ASX:RFT) CEO Make?

How Much Does Rectifier Technologies' (ASX:RFT) CEO Make?

Yanbin Wang has been the CEO of Rectifier Technologies Limited ( ASX:RFT ) since 2010, and this article will examine...

Shareholder Returns

RFTAU ElectricalAU Market
7D-4.5%-13.2%0.4%
1Y2.4%-1.8%9.3%

Return vs Industry: RFT exceeded the Australian Electrical industry which returned -1.5% over the past year.

Return vs Market: RFT underperformed the Australian Market which returned 8.9% over the past year.

Price Volatility

Is RFT's price volatile compared to industry and market?
RFT volatility
RFT Average Weekly Movement16.0%
Electrical Industry Average Movement10.6%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.6%
10% least volatile stocks in AU Market3.7%

Stable Share Price: RFT is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: RFT's weekly volatility has increased from 11% to 16% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992n/aYanbin Wanghttps://www.rectifiertechnologies.com

Rectifier Technologies Limited, together with its subsidiaries, designs and manufactures power rectifiers in Australia, Asia, North America, South America, Europe, and Oceania. The company operates in four segments: Electronic Components; Electricity generation/ Distribution and Defence; Transport and Telecommunication; and Electric vehicles. It offers electronic components; rectifiers, controllers, accessories, and systems for the power generation, distribution, and defense industries; and power supplies for the transport and telecommunications industries.

Rectifier Technologies Fundamentals Summary

How do Rectifier Technologies's earnings and revenue compare to its market cap?
RFT fundamental statistics
Market CapAU$57.78m
Earnings (TTM)AU$540.38k
Revenue (TTM)AU$11.84m

107.7x

P/E Ratio

4.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RFT income statement (TTM)
RevenueAU$11.84m
Cost of RevenueAU$4.45m
Gross ProfitAU$7.40m
ExpensesAU$6.85m
EarningsAU$540.38k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.00039
Gross Margin62.45%
Net Profit Margin4.56%
Debt/Equity Ratio29.8%

How did RFT perform over the long term?

See historical performance and comparison

Valuation

Is Rectifier Technologies undervalued compared to its fair value and its price relative to the market?

107.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RFT (A$0.04) is trading above our estimate of fair value (A$0)

Significantly Below Fair Value: RFT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RFT is poor value based on its PE Ratio (107.7x) compared to the Australian Electrical industry average (15x).

PE vs Market: RFT is poor value based on its PE Ratio (107.7x) compared to the Australian market (18.4x).


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 (6.6x) compared to the AU Electrical industry average (2.4x).


Future Growth

How is Rectifier Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.4%

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.


Past Performance

How has Rectifier Technologies performed over the past 5 years?

9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RFT has a large one-off gain of A$435.9K impacting its June 30 2021 financial results.

Growing Profit Margin: RFT's current net profit margins (4.6%) are lower than last year (11.5%).


Past Earnings Growth Analysis

Earnings Trend: RFT's earnings have grown by 9.6% 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 (-70.3%) over the past year, making it difficult to compare to the Electrical industry average (26.1%).


Return on Equity

High ROE: RFT's Return on Equity (6.2%) is considered low.


Financial Health

How is Rectifier Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: RFT's short term assets (A$10.9M) exceed its short term liabilities (A$4.8M).

Long Term Liabilities: RFT's short term assets (A$10.9M) exceed its long term liabilities (A$3.4M).


Debt to Equity History and Analysis

Debt Level: RFT has more cash than its total debt.

Reducing Debt: RFT's debt to equity ratio has increased from 0.4% to 29.8% over the past 5 years.

Debt Coverage: RFT's debt is well covered by operating cash flow (61.6%).

Interest Coverage: RFT's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


Dividend

What is Rectifier Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RFT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RFT'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 RFT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RFT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RFT is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RFT's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.3yrs

Average board tenure


CEO

Yanbin Wang

11.17yrs

Tenure

AU$386,754

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 ($USD272.61K) is about average for companies of similar size in the Australian market ($USD286.88K).

Compensation vs Earnings: Yanbin's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: RFT's board of directors are seasoned and experienced ( 10.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Rectifier Technologies Limited's 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$57.779m
  • Shares outstanding: 1.38b
  • Website: https://www.rectifiertechnologies.com

Location

  • Rectifier Technologies Limited
  • 97 Highbury Road
  • Burwood
  • Victoria
  • 3125
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/07 16:09
End of Day Share Price2021/12/07 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.