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Rectifier Technologies

Executive Summary

Rectifier Technologies Limited designs and manufactures power rectifiers in Australia, Asia, North America, South America, Europe, and Oceania. More Details

Snowflake Analysis

Flawless balance sheet with questionable track record.

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 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 (8%) has been stable over the past year.

Market Performance

7 Day Return




AU Electrical


AU Market

1 Year Return




AU Electrical


AU Market

Return vs Industry: RFT underperformed the Australian Electrical industry which returned 34.2% over the past year.

Return vs Market: RFT underperformed the Australian Market which returned 12.7% over the past year.

Shareholder returns

7 Day-7.5%-4.9%-0.1%
30 Day-11.9%0.4%-1.2%
90 Day-7.5%3.7%1.8%
1 Year5.2%2.8%39.2%34.2%16.4%12.7%
3 Year72.2%68.2%-33.1%-41.9%27.7%12.2%
5 Year441.2%428.6%-65.2%-77.1%59.9%29.1%

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


Is Rectifier Technologies 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: RFT (A$0.04) is trading above our estimate of fair value (A$0.01)

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 (49.2x) compared to the XX Electrical industry average (24.3x).

PE vs Market: RFT is poor value based on its PE Ratio (49.2x) compared to the Australian market (19.6x).

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 (5.8x) compared to the AU Electrical industry average (1.8x).

Next Steps

Future Growth

How is Rectifier Technologies 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 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

Past Performance

How has Rectifier Technologies performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RFT has high quality earnings.

Growing Profit Margin: RFT's current net profit margins (9%) are lower than last year (12%).

Past Earnings Growth Analysis

Earnings Trend: RFT's earnings have grown by 17% 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 (-53.1%) over the past year, making it difficult to compare to the Electrical industry average (5.5%).

Return on Equity

High ROE: RFT's Return on Equity (12.4%) 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$9.5M) exceed its short term liabilities (A$2.8M).

Long Term Liabilities: RFT's short term assets (A$9.5M) exceed its long term liabilities (A$3.7M).

Debt to Equity History and Analysis

Debt Level: RFT's debt to equity ratio (28.5%) is considered satisfactory.

Reducing Debt: RFT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: RFT's debt is well covered by operating cash flow (133.8%).

Interest Coverage: RFT's interest payments on its debt are well covered by EBIT (10x coverage).

Balance Sheet

Next Steps


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


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 (5.61%).

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: With its high payout ratio (133%), RFT's dividend payments are not well 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


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


Average board tenure


Yanbin Wang





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 ($USD328.68K) is about average for companies of similar size in the Australian market ($USD293.21K).

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

Board Members

Yanbin Wang
CEO & Executive Director 10.42yrsAU$426.03k2.18%
A$ 1.1m
Nigel Machin
Head of Power Engineering & Executive Director3.92yrsAU$237.83k1.6%
A$ 814.4k
Valentino Vescovi
Non-Executive Director8.42yrsAU$10.50k2.74%
A$ 1.4m
Ying Wang
Chairmanno dataAU$15.75kno data


Average Tenure

Experienced Board: RFT's board of directors are considered experienced (8.4 years average tenure).


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:


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RFTASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 1994
RFTCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 1994


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 07:07
End of Day Share Price2021/03/05 00:00
Annual Earnings2020/06/30

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.