ASX:RAG

Stock Analysis Report

Executive Summary

Ragnar Metals Limited engages in the exploration and evaluation of mineral properties in Scandinavia.

Snowflake

Fundamentals

Flawless balance sheet with poor track record.

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

-0.4%

AU Metals and Mining

-1.0%

AU Market


1 Year Return

-41.7%

RAG

16.5%

AU Metals and Mining

16.2%

AU Market

Return vs Industry: RAG underperformed the Australian Metals and Mining industry which returned 16.5% over the past year.

Return vs Market: RAG underperformed the Australian Market which returned 16.2% over the past year.


Shareholder returns

RAGIndustryMarket
7 Day0%-0.4%-1.0%
30 Day0%1.8%-0.2%
90 Day0%1.9%2.2%
1 Year-41.7%-41.7%25.0%16.5%21.9%16.2%
3 Yearn/a53.5%32.1%36.3%17.7%
5 Year-99.4%-99.4%82.3%39.0%52.7%18.3%

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?

2.64x

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 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 (2.6x) compared to the AU Metals and Mining industry average (1.5x).


Next Steps

Future Growth

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

2.2%

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?

29.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RAG has high quality earnings.

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 29.4% 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 (7.8%).


Return on Equity

High ROE: RAG has a negative Return on Equity (-88.34%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ragnar Metals's financial position?


Financial Position Analysis

Short Term Liabilities: RAG's short term assets (A$777.7K) exceeds its short term liabilities (A$60.2K)

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

Inventory Level: RAG has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if RAG's debt is covered by short term assets.


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 more than a year based on its current free cash flow.

Forecast Cash Runway: RAG has sufficient cash runway for 1.015997 years if free cash flow continues to grow at historical rates of 28.2% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate RAG's dividend yield against the top 25% of dividend payers, as the company has not reported any 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

What is the CEO of Ragnar Metals's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average board tenure


CEO

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


Board Age and Tenure

2.2yrs

Average Tenure

Experienced Board: RAG's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$9,03513 Aug 19
Steven Formica
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,392,413
Max PriceAU$0.007

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.9%.


Management Team

  • Bob Beeson

    Consultant

    • Tenure: 0yrs
    • Compensation: AU$16.48k
  • Julia Beckett

    Company Secretary

    • Tenure: 2.4yrs

Board Members

  • David Wheeler (61yo)

    Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: AU$36.00k
  • Steve Formica

    Non-Executive Chairman

    • Tenure: 0.2yrs
  • Eddie King

    Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: AU$36.00k
  • James Scovell

    Non-Executive Director

    • Tenure: 2.4yrs
    • Compensation: AU$36.00k

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:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$2.194m
  • Shares outstanding: 313.42m
  • Website: https://www.ragnarmetals.com.au

Number of Employees


Location

  • Ragnar Metals Limited
  • 11 Ventnor Avenue
  • Suite 12
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RAGASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2005

Biography

Ragnar Metals Limited engages in the exploration and evaluation of mineral properties in Scandinavia. The company explores for nickel, gold, silver, and copper and other base metal projects. It holds a 100 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 10:33
End of Day Share Price2019/11/21 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.