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RDN

Raiden ResourcesASX:RDN Stock Report

Market Cap

AU$32.5m

7D

-3.7%

1Y

-43.5%

Updated

18 Oct, 2021

Data

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

RDN Overview

Raiden Resources Limited, together with its subsidiaries, explores for mineral properties in the Republic of Serbia, the Republic of Bulgaria, and Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Raiden Resources
Historical stock prices
Current Share PriceAU$0.026
52 Week HighAU$0.02
52 Week LowAU$0.051
Beta0.099
1 Month Change-3.70%
3 Month Change4.00%
1 Year Change-43.48%
3 Year Change136.36%
5 Year Changen/a
Change since IPO-18.75%

Recent News & Updates

Oct 13
We Think Raiden Resources (ASX:RDN) Needs To Drive Business Growth Carefully

We Think Raiden Resources (ASX:RDN) Needs To Drive Business Growth Carefully

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Jun 09
We Think Raiden Resources (ASX:RDN) Can Afford To Drive Business Growth

We Think Raiden Resources (ASX:RDN) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, Raiden Resources...

Mar 19
Raiden Resources Limited (ASX:RDN) Insiders Increased Their Holdings

Raiden Resources Limited (ASX:RDN) Insiders Increased Their Holdings

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

Shareholder Returns

RDNAU Metals and MiningAU Market
7D-3.7%4.3%0.9%
1Y-43.5%12.2%20.2%

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

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

Price Volatility

Is RDN's price volatile compared to industry and market?
RDN volatility
RDN Beta0.099
Industry Beta0.97
Market Beta1

Stable Share Price: RDN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: RDN's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aDusko Ljubojevichttps://raidenresources.com.au

Raiden Resources Limited, together with its subsidiaries, explores for mineral properties in the Republic of Serbia, the Republic of Bulgaria, and Australia. It primarily explores for copper, nickel, palladium, and gold deposits. The company holds 100% interests in the Donje Nevlje, Zapadni Majdanpek, Pyramid, Soansville, Eastern Creek, Mt Sholl, Myrnas Hill, Miralga Creek, Surprise, North Shaw, Yandicoogina, Boodalyerrie, and Arrow projects.

Raiden Resources Fundamentals Summary

How do Raiden Resources's earnings and revenue compare to its market cap?
RDN fundamental statistics
Market CapAU$32.46m
Earnings (TTM)-AU$1.98m
Revenue (TTM)n/a

0x

P/S Ratio

-16.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RDN income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.98m
Earnings-AU$1.98m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0016
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did RDN perform over the long term?

See historical performance and comparison

Valuation

Is Raiden Resources undervalued compared to its fair value and its price relative to the market?

2.62x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RDN's PB Ratio (2.6x) is in line with the AU Metals and Mining industry average.


Future Growth

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

-0.3%

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 Raiden Resources 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 Raiden Resources performed over the past 5 years?

-24.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: RDN is currently unprofitable.

Growing Profit Margin: RDN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if RDN's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: RDN 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: RDN has a negative Return on Equity (-15.96%), as it is currently unprofitable.


Financial Health

How is Raiden Resources's financial position?


Financial Position Analysis

Short Term Liabilities: RDN's short term assets (A$2.8M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: RDN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RDN is debt free.

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

Forecast Cash Runway: RDN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.5% each year


Dividend

What is Raiden Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.7yrs

Average board tenure


CEO

Dusko Ljubojevic

3.67yrs

Tenure

AU$204,640

Compensation

Mr. Dusko Ljubojevic serves as Managing Director and Director at Raiden Resources Limited since February 20, 2018. Mr. Ljubojevic served as the Head of Small-Scale Mining and Geology for Barrick Gold Corpo...


CEO Compensation Analysis

Compensation vs Market: Dusko's total compensation ($USD151.89K) is below average for companies of similar size in the Australian market ($USD302.72K).

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


Board Members

Experienced Board: RDN's board of directors are considered experienced (3.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 131.8%.


Top Shareholders

Company Information

Raiden Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Raiden Resources Limited
  • Ticker: RDN
  • Exchange: ASX
  • Founded: NaN
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$32.465m
  • Shares outstanding: 1.25b
  • Website: https://raidenresources.com.au

Location

  • Raiden Resources Limited
  • 63 Shepparton Road
  • Suite 7
  • Victoria Park
  • Western Australia
  • 6100
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:38
End of Day Share Price2021/10/18 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.