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RIE

Riedel ResourcesASX:RIE Stock Report

Market Cap

AU$17.4m

7D

5.9%

1Y

-25.0%

Updated

22 Oct, 2021

Data

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

RIE Overview

Riedel Resources Limited engages in the exploration and development of mineral properties in Australia, the United States, and Spain.

Price History & Performance

Summary of all time highs, changes and price drops for Riedel Resources
Historical stock prices
Current Share PriceAU$0.018
52 Week HighAU$0.012
52 Week LowAU$0.058
Beta0.71
1 Month Change12.50%
3 Month Change5.88%
1 Year Change-25.00%
3 Year Change-40.00%
5 Year Change12.50%
Change since IPO-90.53%

Recent News & Updates

Mar 24
We Think Riedel Resources (ASX:RIE) Can Easily Afford To Drive Business Growth

We Think Riedel Resources (ASX:RIE) Can Easily Afford To Drive Business Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Riedel Resources ( ASX:RIE...

Shareholder Returns

RIEAU Metals and MiningAU Market
7D5.9%-0.3%0.7%
1Y-25.0%12.5%21.4%

Return vs Industry: RIE underperformed the Australian Metals and Mining industry which returned 12.5% over the past year.

Return vs Market: RIE underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is RIE's price volatile compared to industry and market?
RIE volatility
RIE Beta0.71
Industry Beta0.97
Market Beta1

Stable Share Price: RIE is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: RIE's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2010n/an/ahttps://www.riedelresources.com.au

Riedel Resources Limited engages in the exploration and development of mineral properties in Australia, the United States, and Spain. The company explores for gold, silver, and base metal deposits. It primarily focuses on the advancement of Kingman Gold project comprising approximately 200 contiguous mining claims situated in the north-west Arizona.

Riedel Resources Fundamentals Summary

How do Riedel Resources's earnings and revenue compare to its market cap?
RIE fundamental statistics
Market CapAU$17.40m
Earnings (TTM)-AU$3.46m
Revenue (TTM)n/a

0x

P/S Ratio

-5.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RIE income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$3.46m
Earnings-AU$3.46m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0036
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did RIE perform over the long term?

See historical performance and comparison

Valuation

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

3.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RIE is overvalued based on its PB Ratio (3.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

-0.07%

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 Riedel 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 Riedel Resources performed over the past 5 years?

-62.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RIE is currently unprofitable.

Growing Profit Margin: RIE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RIE is unprofitable, and losses have increased over the past 5 years at a rate of 62.6% per year.

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

Earnings vs Industry: RIE 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: RIE has a negative Return on Equity (-66.42%), as it is currently unprofitable.


Financial Health

How is Riedel Resources's financial position?


Financial Position Analysis

Short Term Liabilities: RIE's short term assets (A$2.9M) exceed its short term liabilities (A$119.7K).

Long Term Liabilities: RIE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RIE is debt free.

Reducing Debt: RIE had no debt 5 years ago.


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: RIE has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: RIE has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 1.8% each year


Dividend

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


Dividend Yield vs Market

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

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

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

3.0yrs

Average board tenure


CEO

Riedel Resources has no CEO, or we have no data on them.


Board Members

Experienced Board: RIE's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RIE 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 131.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Riedel Resources Limited
  • Ticker: RIE
  • Exchange: ASX
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$17.401m
  • Shares outstanding: 966.71m
  • Website: https://www.riedelresources.com.au

Location

  • Riedel Resources Limited
  • 6 Richardson Street
  • Suite 4
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:47
End of Day Share Price2021/10/22 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.