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RFT

Rectifier Technologies ASX:RFT Stock Report

Last Price

AU$0.043

Market Cap

AU$58.5m

7D

-7.6%

1Y

14.9%

Updated

26 Jun, 2022

Data

Company Financials
RFT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
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.

Rectifier Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rectifier Technologies
Historical stock prices
Current Share PriceAU$0.043
52 Week HighAU$0.096
52 Week LowAU$0.028
Beta0.46
1 Month Change-21.30%
3 Month Change-24.11%
1 Year Change14.87%
3 Year Change-7.61%
5 Year Change150.00%
Change since IPO-95.57%

Recent News & Updates

Mar 10
Rectifier Technologies (ASX:RFT) Has A Pretty Healthy Balance Sheet

Rectifier Technologies (ASX:RFT) Has A Pretty Healthy Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

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...

Shareholder Returns

RFTAU ElectricalAU Market
7D-7.6%1.0%1.4%
1Y14.9%-29.9%-11.3%

Return vs Industry: RFT exceeded the Australian Electrical industry which returned -29.9% over the past year.

Return vs Market: RFT exceeded the Australian Market which returned -11.3% over the past year.

Price Volatility

Is RFT's price volatile compared to industry and market?
RFT volatility
RFT Average Weekly Movement7.9%
Electrical Industry Average Movement10.4%
Market Average Movement9.7%
10% most volatile stocks in AU Market16.3%
10% least volatile stocks in AU Market4.2%

Stable Share Price: RFT is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: RFT's weekly volatility has decreased from 18% to 8% 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$58.47m
Earnings (TTM)AU$349.55k
Revenue (TTM)AU$11.66m

170.0x

P/E Ratio

5.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RFT income statement (TTM)
RevenueAU$11.66m
Cost of RevenueAU$4.54m
Gross ProfitAU$7.12m
Other ExpensesAU$6.77m
EarningsAU$349.55k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.00025
Gross Margin61.10%
Net Profit Margin3.00%
Debt/Equity Ratio28.0%

How did RFT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is RFT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RFT?

Other financial metrics that can be useful for relative valuation.

RFT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.9x
Enterprise Value/EBITDA78.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does RFT's PS Ratio compare to its peers?

RFT PS Ratio vs Peers
The above table shows the PS ratio for RFT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.9x
ECL Excelsior Capital
0.5xn/aAU$42.3m
RFX RedFlow
20.8xn/aAU$61.6m
EGY Energy Technologies
1.3xn/aAU$15.0m
FOS FOS Capital
0.9xn/aAU$9.5m
RFT Rectifier Technologies
5xn/aAU$58.5m

Price-To-Sales vs Peers: RFT is good value based on its Price-To-Sales Ratio (5x) compared to the peer average (5.9x).


Price to Earnings Ratio vs Industry

How does RFT's PE Ratio compare vs other companies in the Global Electrical Industry?

Price-To-Sales vs Industry: RFT is expensive based on its Price-To-Sales Ratio (5x) compared to the Global Electrical industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is RFT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RFT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate RFT's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of RFT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate RFT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate RFT's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RFT's PEG Ratio to determine if it is good value.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.3%

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.


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  • 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.

Past Performance

How has Rectifier Technologies performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RFT has a large one-off gain of A$435.9K impacting its December 31 2021 financial results.

Growing Profit Margin: RFT's current net profit margins (3%) are lower than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: RFT's earnings have grown by 7.5% 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 (-67.9%) over the past year, making it difficult to compare to the Electrical industry average (13.4%).


Return on Equity

High ROE: RFT's Return on Equity (3.8%) is considered low.


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Financial Health

How is Rectifier Technologies's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RFT's short term assets (A$10.7M) exceed its short term liabilities (A$4.1M).

Long Term Liabilities: RFT's short term assets (A$10.7M) exceed its long term liabilities (A$3.3M).


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 28% over the past 5 years.

Debt Coverage: RFT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: RFT's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as RFT has not reported any payouts.


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Management

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

10.8yrs

Average board tenure


CEO

Yanbin Wang

11.67yrs

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 ($USD268.80K) is about average for companies of similar size in the Australian market ($USD288.24K).

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 ( 10.8 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
  • Implied Market Cap: AU$58.467m
  • 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 Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
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.