| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
RDS Overview
Redstone Resources Limited explores for mineral properties in Australia.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.014 |
| 52 Week High | AU$0.009 |
| 52 Week Low | AU$0.02 |
| Beta | 0.77 |
| 1 Month Change | 16.67% |
| 3 Month Change | 27.27% |
| 1 Year Change | -12.50% |
| 3 Year Change | -22.22% |
| 5 Year Change | 55.57% |
| Change since IPO | -96.41% |
Recent News & Updates
Shareholder Returns
| RDS | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | 7.7% | -0.4% | 0.8% |
| 1Y | -12.5% | 15.6% | 24.4% |
Return vs Industry: RDS underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.
Return vs Market: RDS underperformed the Australian Market which returned 24.4% over the past year.
Price Volatility
| RDS volatility | |
|---|---|
| RDS Beta | 0.77 |
| Industry Beta | 0.97 |
| Market Beta | 1 |
Stable Share Price: RDS is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: RDS's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | n/a | n/a | https://www.redstone.com.au |
Redstone Resources Limited explores for mineral properties in Australia. The company explores for copper and gold deposits. It holds a 100% interest in the Tollu project located in the southeast portion of the West Musgrave region of Western Australia.
Redstone Resources Fundamentals Summary
| RDS fundamental statistics | |
|---|---|
| Market Cap | AU$10.07m |
| Earnings (TTM) | -AU$307.89k |
| Revenue (TTM) | n/a |
0x
P/S Ratio-33.3x
P/E RatioIs RDS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RDS income statement (TTM) | |
|---|---|
| Revenue | AU$0 |
| Cost of Revenue | AU$0 |
| Gross Profit | AU$0 |
| Expenses | AU$307.89k |
| Earnings | -AU$307.89k |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.00042 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 0.0% |
How did RDS perform over the long term?
See historical performance and comparisonValuation
Is Redstone Resources undervalued compared to its fair value and its price relative to the market?
1.07x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate RDS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate RDS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: RDS is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: RDS 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 RDS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RDS is good value based on its PB Ratio (1.1x) compared to the AU Metals and Mining industry average (2.6x).
Future Growth
How is Redstone Resources 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 Redstone 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 Redstone Resources performed over the past 5 years?
5.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RDS is currently unprofitable.
Growing Profit Margin: RDS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RDS is unprofitable, but has reduced losses over the past 5 years at a rate of 5.4% per year.
Accelerating Growth: Unable to compare RDS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RDS 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: RDS has a negative Return on Equity (-3.27%), as it is currently unprofitable.
Financial Health
How is Redstone Resources's financial position?
Financial Position Analysis
Short Term Liabilities: RDS's short term assets (A$2.8M) exceed its short term liabilities (A$245.5K).
Long Term Liabilities: RDS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RDS is debt free.
Reducing Debt: RDS 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: RDS has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: RDS has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 21.8% each year
Dividend
What is Redstone Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RDS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RDS'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 RDS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RDS'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 RDS'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?
9.3yrs
Average board tenure
CEO
Redstone Resources has no CEO, or we have no data on them.
Board Members
Experienced Board: RDS's board of directors are considered experienced (9.3 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 been diluted in the past year, with total shares outstanding growing by 37.6%.
Top Shareholders
Company Information
Redstone Resources Limited's employee growth, exchange listings and data sources
Key Information
- Name: Redstone Resources Limited
- Ticker: RDS
- Exchange: ASX
- Founded: 1999
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$10.066m
- Shares outstanding: 719.00m
- Website: https://www.redstone.com.au
Location
- Redstone Resources Limited
- 60 Havelock Street
- West Perth
- Western Australia
- 6005
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:22 |
| End of Day Share Price | 2021/10/26 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.