RareX Limited explores for and develops mineral properties in Australia. More Details
+ 1 more risk
Flawless balance sheet with weak fundamentals.
Share Price & News
How has RareX's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: REE is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 24% a week.
Volatility Over Time: REE's weekly volatility (24%) has been stable over the past year, but is still higher than 75% of Australian stocks.
7 Day Return
AU Metals and Mining
1 Year Return
AU Metals and Mining
Return vs Industry: REE exceeded the Australian Metals and Mining industry which returned 14.1% over the past year.
Return vs Market: REE exceeded the Australian Market which returned -1.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is RareX's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StInsider Buying: The RareX Limited (ASX:REE) Non-Executive Chairman Just Bought 504% More Shares
1 month ago | Simply Wall StShare Price Aside, RareX (ASX:REE) Has Delivered Shareholders A 88% Return.
5 months ago | Simply Wall StWe Think RareX (ASX:REE) Needs To Drive Business Growth Carefully
Is RareX undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate REE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate REE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: REE is unprofitable, so we can't compare its PE Ratio to the AU Metals and Mining industry average.
PE vs Market: REE 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 REE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: REE is overvalued based on its PB Ratio (7.3x) compared to the AU Metals and Mining industry average (2.5x).
How is RareX forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 RareX 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.
- Examine RareX's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- RareX competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has RareX performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REE is currently unprofitable.
Growing Profit Margin: REE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: REE is unprofitable, and losses have increased over the past 5 years at a rate of 49.7% per year.
Accelerating Growth: Unable to compare REE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: REE is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (38%).
Return on Equity
High ROE: REE has a negative Return on Equity (-105.32%), as it is currently unprofitable.
How is RareX's financial position?
Financial Position Analysis
Short Term Liabilities: REE's short term assets (A$3.6M) exceed its short term liabilities (A$1.3M).
Long Term Liabilities: REE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: REE is debt free.
Reducing Debt: REE has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: REE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: REE has sufficient cash runway for 1.9 years if free cash flow continues to reduce at historical rates of 10.2% each year.
What is RareX current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate REE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate REE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if REE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if REE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of REE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Jeremy Kim Robinson, BComm, has been Managing Director and Director of RareX Limited (formerly, Sagon Resources Limited) since September 27, 2019. Mr. Robinson is an experienced mining executive having...
CEO Compensation Analysis
Compensation vs Market: Jeremy's total compensation ($USD365.45K) is above average for companies of similar size in the Australian market ($USD280.83K).
Compensation vs Earnings: Insufficient data to compare Jeremy's compensation with company performance.
|MD & Executive Director||1.17yrs||AU$496.49k||2.02% |
|Non-Executive Chairman||0.75yr||AU$33.25k||0.59% |
|Non-Executive Director||2.92yrs||AU$103.95k||0.42% |
|Independent Non-Executive Director||0.42yr||AU$73.82k||no data|
Experienced Board: REE's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: REE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.1%.
RareX Limited's company bio, employee growth, exchange listings and data sources
- Name: RareX Limited
- Ticker: REE
- Exchange: ASX
- Founded: 2003
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: AU$44.951m
- Shares outstanding: 408.64m
- Website: https://www.rarex.com.au
- RareX Limited
- 513 Hay Street
- Suite 23
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|REE||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jul 2007|
|CK1||DB (Deutsche Boerse AG)||Ordinary Shar||DE||EUR||Jul 2007|
|REE||CHIA (Chi-X Australia)||Ordinary Shar||AU||AUD||Jul 2007|
RareX Limited explores for and develops mineral properties in Australia. The company primarily explores for cobalt, nickel, cobalt, copper, gold, and rare earths deposits. It holds 100% interest in the Cum...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/27 07:03|
|End of Day Share Price||2020/11/27 00:00|
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.