| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
RDM Overview
Red Metal Limited acquires and explores for mineral properties in Australia.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.11 |
| 52 Week High | AU$0.095 |
| 52 Week Low | AU$0.18 |
| Beta | 1.32 |
| 1 Month Change | 10.00% |
| 3 Month Change | -8.33% |
| 1 Year Change | -4.35% |
| 3 Year Change | 10.00% |
| 5 Year Change | 0% |
| Change since IPO | -66.67% |
Recent News & Updates
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...
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
| RDM | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 0% | -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
| RDM volatility | |
|---|---|
| RDM Beta | 1.32 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | n/a | Rob Rutherford | https://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
| RDM fundamental statistics | |
|---|---|
| Market Cap | AU$27.02m |
| Earnings (TTM) | -AU$1.36m |
| Revenue (TTM) | AU$3.37m |
8.0x
P/S Ratio-19.9x
P/E RatioIs RDM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RDM income statement (TTM) | |
|---|---|
| Revenue | AU$3.37m |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$3.37m |
| Expenses | AU$4.73m |
| Earnings | -AU$1.36m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.0055 |
| Gross Margin | 100.00% |
| Net Profit Margin | -40.39% |
| Debt/Equity Ratio | 0% |
How did RDM perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 16:46 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.