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RCP

Redbank CopperASX:RCP Stock Report

Market Cap

AU$32.0m

7D

6.9%

1Y

-18.4%

Updated

16 Oct, 2021

Data

Company Financials
RCP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

RCP Overview

Redbank Copper Limited engages in the exploration, evaluation, and development of copper resources in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Redbank Copper
Historical stock prices
Current Share PriceAU$0.062
52 Week HighAU$0.05
52 Week LowAU$0.15
Beta0.66
1 Month Change-11.43%
3 Month Change-10.15%
1 Year Change-18.42%
3 Year Change313.33%
5 Year Change55.00%
Change since IPO-100.00%

Recent News & Updates

Shareholder Returns

RCPAU Metals and MiningAU Market
7D6.9%4.3%0.9%
1Y-18.4%12.2%20.2%

Return vs Industry: RCP underperformed the Australian Metals and Mining industry which returned 12.2% over the past year.

Return vs Market: RCP underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is RCP's price volatile compared to industry and market?
RCP volatility
RCP Beta0.66
Industry Beta0.97
Market Beta1

Stable Share Price: RCP is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: RCP's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/an/ahttps://www.redbankcopper.com.au

Redbank Copper Limited engages in the exploration, evaluation, and development of copper resources in Australia. Its flagship project is the Redbank Copper project located in the northeast of the Northern Territory. The company was formerly known as Redbank Mines Limited and changed its name to Redbank Copper Limited in 2009.

Redbank Copper Fundamentals Summary

How do Redbank Copper's earnings and revenue compare to its market cap?
RCP fundamental statistics
Market CapAU$31.97m
Earnings (TTM)-AU$2.07m
Revenue (TTM)n/a

0x

P/S Ratio

-15.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RCP income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.07m
Earnings-AU$2.07m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.004
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio11.0%

How did RCP perform over the long term?

See historical performance and comparison

Valuation

Is Redbank Copper undervalued compared to its fair value and its price relative to the market?

3.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RCP is overvalued based on its PB Ratio (3.9x) compared to the AU Metals and Mining industry average (2.5x).


Future Growth

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

-0.2%

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 Redbank Copper 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 Redbank Copper performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RCP is currently unprofitable.

Growing Profit Margin: RCP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RCP is unprofitable, but has reduced losses over the past 5 years at a rate of 5.8% per year.

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

Earnings vs Industry: RCP is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: RCP has a negative Return on Equity (-25.43%), as it is currently unprofitable.


Financial Health

How is Redbank Copper's financial position?


Financial Position Analysis

Short Term Liabilities: RCP's short term assets (A$6.7M) exceed its short term liabilities (A$2.2M).

Long Term Liabilities: RCP's short term assets (A$6.7M) exceed its long term liabilities (A$23.8K).


Debt to Equity History and Analysis

Debt Level: RCP's debt to equity ratio (11%) is considered satisfactory.

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


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: RCP has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: RCP has less than a year of cash runway if free cash flow continues to reduce at historical rates of 42.8% each year


Dividend

What is Redbank Copper current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

0.8yrs

Average board tenure


CEO

Redbank Copper has no CEO, or we have no data on them.


Board Members

Experienced Board: RCP's board of directors are not considered experienced ( 0.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26.4%.


Top Shareholders

Company Information

Redbank Copper Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Redbank Copper Limited
  • Ticker: RCP
  • Exchange: ASX
  • Founded: 1993
  • Industry: Copper
  • Sector: Materials
  • Market Cap: AU$31.970m
  • Shares outstanding: 515.65m
  • Website: https://www.redbankcopper.com.au

Location

  • Redbank Copper Limited
  • 1A Agnew Way
  • Level 1
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:04
End of Day Share Price2021/10/15 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.