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RDM

Red MetalASX:RDM Stock Report

Market Cap

AU$27.0m

7D

0%

1Y

-4.3%

Updated

25 Oct, 2021

Data

Company Financials
RDM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

RDM Overview

Red Metal Limited acquires and explores for mineral properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Red Metal
Historical stock prices
Current Share PriceAU$0.11
52 Week HighAU$0.095
52 Week LowAU$0.18
Beta1.32
1 Month Change10.00%
3 Month Change-8.33%
1 Year Change-4.35%
3 Year Change10.00%
5 Year Change0%
Change since IPO-66.67%

Recent News & Updates

Oct 17
Will Red Metal (ASX:RDM) Spend Its Cash Wisely?

Will Red Metal (ASX:RDM) Spend Its Cash Wisely?

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

May 09
We're Interested To See How Red Metal (ASX:RDM) Uses Its Cash Hoard To Grow

We're Interested To See How Red Metal (ASX:RDM) Uses Its Cash Hoard To Grow

Just because a business does not make any money, does not mean that the stock will go down. For example, Red Metal...

Shareholder Returns

RDMAU Metals and MiningAU Market
7D0%-1.7%0.6%
1Y-4.3%10.8%21.3%

Return vs Industry: RDM underperformed the Australian Metals and Mining industry which returned 10.8% over the past year.

Return vs Market: RDM underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is RDM's price volatile compared to industry and market?
RDM volatility
RDM Beta1.32
Industry Beta0.97
Market Beta1

Stable Share Price: RDM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: RDM's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aRob Rutherfordhttps://www.redmetal.com.au

Red Metal Limited acquires and explores for mineral properties in Australia. It primarily explores for copper, gold, silver, lead, zinc, and nickel deposits. The company’s exploration tenements cover an area of approximately 10,000 square kilometers.

Red Metal Fundamentals Summary

How do Red Metal's earnings and revenue compare to its market cap?
RDM fundamental statistics
Market CapAU$27.02m
Earnings (TTM)-AU$1.36m
Revenue (TTM)AU$3.37m

8.0x

P/S Ratio

-19.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RDM income statement (TTM)
RevenueAU$3.37m
Cost of RevenueAU$0
Gross ProfitAU$3.37m
ExpensesAU$4.73m
Earnings-AU$1.36m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0055
Gross Margin100.00%
Net Profit Margin-40.39%
Debt/Equity Ratio0%

How did RDM perform over the long term?

See historical performance and comparison

Valuation

Is Red Metal undervalued compared to its fair value and its price relative to the market?

8.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RDM is overvalued based on its PB Ratio (8.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.5%

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 Red Metal 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 Red Metal performed over the past 5 years?

25.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RDM is currently unprofitable.

Growing Profit Margin: RDM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RDM is unprofitable, but has reduced losses over the past 5 years at a rate of 25.7% per year.

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

Earnings vs Industry: RDM 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: RDM has a negative Return on Equity (-42.13%), as it is currently unprofitable.


Financial Health

How is Red Metal's financial position?


Financial Position Analysis

Short Term Liabilities: RDM's short term assets (A$3.7M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: RDM's short term assets (A$3.7M) exceed its long term liabilities (A$43.0K).


Debt to Equity History and Analysis

Debt Level: RDM is debt free.

Reducing Debt: RDM has not had any debt for 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: RDM has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: RDM has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 12.1% each year.


Dividend

What is Red Metal current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

18.3yrs

Average board tenure


CEO

Rob Rutherford (57 yo)

18.75yrs

Tenure

AU$291,132

Compensation

Mr. Robert Rutherford, also known as Rob, BSc (Geol), Masters Econ Geol, MAIG., serves as the Managing Director of Red Metal Limited. Mr. Rutherford is a geologist with over 18 years Australian and interna...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD218.24K) is about average for companies of similar size in the Australian market ($USD302.38K).

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


Board Members

Experienced Board: RDM's board of directors are seasoned and experienced ( 18.3 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

Red Metal Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Red Metal Limited
  • Ticker: RDM
  • Exchange: ASX
  • Founded: 2003
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$27.015m
  • Shares outstanding: 245.59m
  • Website: https://www.redmetal.com.au

Location

  • Red Metal Limited
  • 323 Castlereagh Street
  • Level 15
  • 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 Analysis2021/10/25 16:46
End of Day Share Price2021/10/25 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.