ASX:RAG

Stock Analysis Report

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Executive Summary

Ragnar Metals Limited engages in the exploration and evaluation of projects in Scandinavia. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Ragnar Metals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RAG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

RAG

-0.2%

AU Metals and Mining

0.01%

AU Market


1 Year Return

57.1%

RAG

15.3%

AU Metals and Mining

-5.7%

AU Market

Return vs Industry: RAG exceeded the Australian Metals and Mining industry which returned 15.3% over the past year.

Return vs Market: RAG exceeded the Australian Market which returned -5.7% over the past year.


Shareholder returns

RAGIndustryMarket
7 Day0%-0.2%0.01%
30 Day0%-1.5%5.4%
90 Day37.5%-0.3%4.0%
1 Year57.1%57.1%20.7%15.3%-2.4%-5.7%
3 Yearn/a60.6%38.8%18.0%3.0%
5 Year-97.3%-97.6%131.6%87.5%42.1%13.2%

Price Volatility Vs. Market

How volatile is Ragnar Metals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ragnar Metals undervalued compared to its fair value and its price relative to the market?

9.86x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: RAG is unprofitable, so we can't compare its PE Ratio to the AU Metals and Mining industry average.

PE vs Market: RAG 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 RAG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RAG is overvalued based on its PB Ratio (9.9x) compared to the AU Metals and Mining industry average (2.6x).


Next Steps

Future Growth

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

3.4%

Forecasted Materials 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 Ragnar Metals 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 Ragnar Metals performed over the past 5 years?

33.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RAG is currently unprofitable.

Growing Profit Margin: RAG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RAG is unprofitable, but has reduced losses over the past 5 years at a rate of 33.1% per year.

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

Earnings vs Industry: RAG is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (22.2%).


Return on Equity

High ROE: RAG has a negative Return on Equity (-140.74%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ragnar Metals's financial position?


Financial Position Analysis

Short Term Liabilities: RAG's short term assets (A$164.9K) exceed its short term liabilities (A$122.2K).

Long Term Liabilities: RAG has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RAG is debt free.

Reducing Debt: RAG had no debt 5 years ago.


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: RAG has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: RAG is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is Ragnar Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if RAG'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 RAG'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?

2.8yrs

Average board tenure


CEO

Ragnar Metals has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
David Wheeler
Non-Executive Director2.83yrsAU$36.00kno data
Steven Formica
Independent Non-Executive Chairman1.08yrsAU$58.90k5.33%
A$ 183.9k
Ariel King
Non-Executive Director3.67yrsAU$36.00k0.48%
A$ 16.5k

2.8yrs

Average Tenure

Experienced Board: RAG's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RAG insiders have only sold shares 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

Ragnar Metals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ragnar Metals Limited
  • Ticker: RAG
  • Exchange: ASX
  • Founded: 2004
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$3.448m
  • Shares outstanding: 313.42m
  • Website: https://www.ragnarmetals.com.au

Number of Employees


Location

  • Ragnar Metals Limited
  • 11 Ventnor Avenue
  • Suite 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RAGASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2005
RAGCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2005

Biography

Ragnar Metals Limited engages in the exploration and evaluation of projects in Scandinavia. The company explores for nickel, gold, silver, and base metals projects. It holds a 100% interest in the Tullsta ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 10:34
End of Day Share Price2020/08/05 00:00
Earnings2020/06/30
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.