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REY

Rey ResourcesASX:REY Stock Report

Market Cap

AU$31.8m

7D

-12.5%

1Y

-39.1%

Updated

26 Oct, 2021

Data

Company Financials
REY fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

REY Overview

Rey Resources Limited engages in exploring for and developing energy resources in Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Rey Resources
Historical stock prices
Current Share PriceAU$0.14
52 Week HighAU$0.15
52 Week LowAU$0.30
Beta0.76
1 Month Change-26.32%
3 Month Change-41.67%
1 Year Change-39.13%
3 Year Changen/a
5 Year Change86.67%
Change since IPO-83.03%

Recent News & Updates

Oct 07
Rey Resources (ASX:REY) Is Carrying A Fair Bit Of Debt

Rey Resources (ASX:REY) Is Carrying A Fair Bit Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

REYAU Oil and GasAU Market
7D-12.5%-3.2%0.8%
1Y-39.1%48.1%24.4%

Return vs Industry: REY underperformed the Australian Oil and Gas industry which returned 48.1% over the past year.

Return vs Market: REY underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is REY's price volatile compared to industry and market?
REY volatility
REY Beta0.76
Industry Beta1.29
Market Beta1

Stable Share Price: Insufficient data to determine REY's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine REY's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aWei Jinhttps://www.reyresources.com

Rey Resources Limited engages in exploring for and developing energy resources in Western Australia. It holds a 100% interest in the Derby Block EP487; and a 20% interest in the Canning Basin petroleum permits EP457 and EP458 (Fitzroy Blocks). The company also holds a 100% interest in the Lennard Shelf Blocks, which comprises a petroleum exploration license EP104, a retention license R1, and one production license L15 in the Canning Basin.

Rey Resources Fundamentals Summary

How do Rey Resources's earnings and revenue compare to its market cap?
REY fundamental statistics
Market CapAU$31.79m
Earnings (TTM)-AU$1.32m
Revenue (TTM)n/a

0x

P/S Ratio

-22.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
REY income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.32m
Earnings-AU$1.32m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0062
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio43.0%

How did REY perform over the long term?

See historical performance and comparison

Valuation

Is Rey Resources undervalued compared to its fair value and its price relative to the market?

1.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate REY's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate REY's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: REY is unprofitable, so we can't compare its PE Ratio to the Australian Oil and Gas industry average.

PE vs Market: REY is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: REY is good value based on its PB Ratio (1.2x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

10.2%

Forecasted Energy 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 Rey Resources 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 Rey Resources performed over the past 5 years?

-4.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: REY is currently unprofitable.

Growing Profit Margin: REY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: REY is unprofitable, and losses have increased over the past 5 years at a rate of 4.8% per year.

Accelerating Growth: Unable to compare REY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: REY is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).


Return on Equity

High ROE: REY has a negative Return on Equity (-5.46%), as it is currently unprofitable.


Financial Health

How is Rey Resources's financial position?


Financial Position Analysis

Short Term Liabilities: REY's short term assets (A$86.0K) exceed its short term liabilities (A$76.0K).

Long Term Liabilities: REY's short term assets (A$86.0K) do not cover its long term liabilities (A$13.7M).


Debt to Equity History and Analysis

Debt Level: REY's debt to equity ratio (43%) is considered high.

Reducing Debt: Insufficient data to determine if REY's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: REY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: REY has less than a year of cash runway if free cash flow continues to grow at historical rates of 27.3% each year.


Dividend

What is Rey Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of REY'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?

4.2yrs

Average management tenure


CEO

Wei Jin

5.25yrs

Tenure

AU$65,702

Compensation

Mr. Wei Jin has been the Managing Director of Rey Resources Limited since July 1, 2016 and its Director since December 2, 2013. He is Director at Renown Capital Holdings Ltd. Mr. Jin serves as a Nominee Di...


CEO Compensation Analysis

Compensation vs Market: Wei's total compensation ($USD49.25K) is below average for companies of similar size in the Australian market ($USD301.38K).

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


Leadership Team

Experienced Management: REY's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: REY'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

Rey Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Rey Resources Limited
  • Ticker: REY
  • Exchange: ASX
  • Founded: 2004
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$31.789m
  • Shares outstanding: 211.93m
  • Website: https://www.reyresources.com

Location

  • Rey Resources Limited
  • 3B Macquarie Street
  • Suite 2
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:02
End of Day Share Price2021/10/26 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.