Reef Casino Trust owns and leases the Reef Hotel Casino complex located in Cairns, North Queensland, Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.68|
|52 Week High||AU$1.75|
|52 Week Low||AU$2.99|
|1 Month Change||1.13%|
|3 Month Change||3.08%|
|1 Year Change||53.14%|
|3 Year Change||-13.55%|
|5 Year Change||-26.98%|
|Change since IPO||-90.76%|
Recent News & Updates
Reef Casino Trust (ASX:RCT) Could Be At Risk Of Shrinking As A Company
If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...
Calculating The Fair Value Of Reef Casino Trust (ASX:RCT)
Does the April share price for Reef Casino Trust ( ASX:RCT ) reflect what it's really worth? Today, we will estimate...
Do Investors Have Good Reason To Be Wary Of Reef Casino Trust's (ASX:RCT) 3.9% Dividend Yield?
Could Reef Casino Trust ( ASX:RCT ) be an attractive dividend share to own for the long haul? Investors are often drawn...
|RCT||AU Hospitality||AU Market|
Return vs Industry: RCT exceeded the Australian Hospitality industry which returned 44.6% over the past year.
Return vs Market: RCT exceeded the Australian Market which returned 24.4% over the past year.
Stable Share Price: RCT is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RCT's weekly volatility (5%) has been stable over the past year.
About the Company
Reef Casino Trust owns and leases the Reef Hotel Casino complex located in Cairns, North Queensland, Australia. The company was founded in 1993 and is based in Brisbane, Australia. Reef Casino Trust is a subsidiary of Reef Casino Investments Pty Ltd.
Reef Casino Trust Fundamentals Summary
|RCT fundamental statistics|
Is RCT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RCT income statement (TTM)|
|Cost of Revenue||AU$2.37m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.07|
|Net Profit Margin||101.76%|
How did RCT perform over the long term?See historical performance and comparison
9.2%Current Dividend Yield
Is Reef Casino Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RCT (A$2.68) is trading below our estimate of fair value (A$16.28)
Significantly Below Fair Value: RCT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RCT is good value based on its PE Ratio (2.5x) compared to the Australian Hospitality industry average (37.4x).
PE vs Market: RCT is good value based on its PE Ratio (2.5x) compared to the Australian market (20x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RCT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RCT is overvalued based on its PB Ratio (5.8x) compared to the AU Hospitality industry average (3.8x).
How is Reef Casino Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Services 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 Reef Casino Trust 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.
How has Reef Casino Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RCT has a large one-off gain of A$19.6M impacting its June 30 2021 financial results.
Growing Profit Margin: RCT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: RCT's earnings have declined by 11% per year over the past 5 years.
Accelerating Growth: RCT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RCT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (4.2%).
Return on Equity
High ROE: RCT's Return on Equity (229%) is considered outstanding.
How is Reef Casino Trust's financial position?
Financial Position Analysis
Short Term Liabilities: RCT's short term assets (A$9.1M) exceed its short term liabilities (A$4.4M).
Long Term Liabilities: RCT's short term assets (A$9.1M) do not cover its long term liabilities (A$85.5M).
Debt to Equity History and Analysis
Debt Level: RCT's debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: RCT's debt to equity ratio has reduced from 22.5% to 1.7% over the past 5 years.
Debt Coverage: RCT's debt is well covered by operating cash flow (8473.5%).
Interest Coverage: RCT's interest payments on its debt are not well covered by EBIT (1.9x coverage).
What is Reef Casino Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RCT's dividend (9.17%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: RCT's dividend (9.17%) is in the top 25% of dividend payers in the Australian market (5.32%)
Stability and Growth of Payments
Stable Dividend: RCT's dividend payments have been volatile in the past 10 years.
Growing Dividend: RCT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.7%), RCT's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Allan Tan serves as Regional Controller of Australia, Asia & Pacific of Casinos Austria International Holding GmbH. Mr. Tan serves as Chief Financial Officer and Company Secretary of Casinos Austria In...
CEO Compensation Analysis
Compensation vs Market: Allan's total compensation ($USD69.69K) is below average for companies of similar size in the Australian market ($USD301.38K).
Compensation vs Earnings: Allan's compensation has been consistent with company performance over the past year.
Experienced Board: RCT's board of directors are considered experienced (6.5 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Reef Casino Trust's employee growth, exchange listings and data sources
- Name: Reef Casino Trust
- Ticker: RCT
- Exchange: ASX
- Founded: 1993
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: AU$66.733m
- Shares outstanding: 24.90m
- Website: https://www.reefcasino.com.au/reef-casino-trust
- Reef Casino Trust
- Sofitel Hotel
- Level 3
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 16:12|
|End of Day Share Price||2021/10/26 00:00|
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.