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RLC

Reedy LagoonASX:RLC Stock Report

Market Cap

AU$14.6m

7D

28.6%

1Y

92.9%

Updated

20 Oct, 2021

Data

Company Financials
RLC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

RLC Overview

Reedy Lagoon Corporation Limited explores for minerals in Australia and the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Reedy Lagoon
Historical stock prices
Current Share PriceAU$0.027
52 Week HighAU$0.01
52 Week LowAU$0.051
Beta0.94
1 Month Change8.00%
3 Month Change80.00%
1 Year Change92.86%
3 Year Change170.00%
5 Year Change237.50%
Change since IPO-91.00%

Recent News & Updates

Jan 28
Have Insiders Been Buying Reedy Lagoon Corporation Limited (ASX:RLC) Shares This Year?

Have Insiders Been Buying Reedy Lagoon Corporation Limited (ASX:RLC) Shares This Year?

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

Shareholder Returns

RLCAU Metals and MiningAU Market
7D28.6%3.6%1.7%
1Y92.9%11.3%20.2%

Return vs Industry: RLC exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: RLC exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is RLC's price volatile compared to industry and market?
RLC volatility
RLC Beta0.94
Industry Beta0.97
Market Beta1

Stable Share Price: RLC is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 21% a week.

Volatility Over Time: RLC's weekly volatility has decreased from 31% to 21% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1986n/aGeof Fethershttps://www.reedylagoon.com.au

Reedy Lagoon Corporation Limited explores for minerals in Australia and the United States. It primarily explores for lithium, iron ore, magnetite, and gold deposits. The company owns interests in the Alkali Lake North and the Clayton Valley lithium brine projects covering a combined area of 3,502 hectares under 446 placer claims located in Nevada, the United States.

Reedy Lagoon Fundamentals Summary

How do Reedy Lagoon's earnings and revenue compare to its market cap?
RLC fundamental statistics
Market CapAU$14.58m
Earnings (TTM)-AU$584.53k
Revenue (TTM)AU$160.00

0x

P/S Ratio

-25.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RLC income statement (TTM)
RevenueAU$160.00
Cost of RevenueAU$0
Gross ProfitAU$160.00
ExpensesAU$584.69k
Earnings-AU$584.53k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0011
Gross Margin100.00%
Net Profit Margin-365,331.88%
Debt/Equity Ratio0.0%

How did RLC perform over the long term?

See historical performance and comparison

Valuation

Is Reedy Lagoon undervalued compared to its fair value and its price relative to the market?

75x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RLC is overvalued based on its PB Ratio (75x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

0.7%

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 Reedy Lagoon 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 Reedy Lagoon performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RLC is currently unprofitable.

Growing Profit Margin: RLC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RLC is unprofitable, but has reduced losses over the past 5 years at a rate of 13.9% per year.

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

Earnings vs Industry: RLC 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: RLC has a negative Return on Equity (-298.25%), as it is currently unprofitable.


Financial Health

How is Reedy Lagoon's financial position?


Financial Position Analysis

Short Term Liabilities: RLC's short term assets (A$370.1K) exceed its short term liabilities (A$181.3K).

Long Term Liabilities: RLC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RLC is debt free.

Reducing Debt: RLC 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: RLC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RLC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.2% each year


Dividend

What is Reedy Lagoon current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

14.4yrs

Average board tenure


CEO

Geof Fethers (64 yo)

14.42yrs

Tenure

AU$85,841

Compensation

Mr. Geoffrey H. Fethers also known as Geof, B.Sc.(Hons), MAusIMM founded Reedy Lagoon Corporation Limited in 1986 and has been its Managing Director since May 01, 2007. Mr. Fethers has been Company Secreta...


CEO Compensation Analysis

Compensation vs Market: Geof's total compensation ($USD64.18K) is below average for companies of similar size in the Australian market ($USD302.06K).

Compensation vs Earnings: Geof's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: RLC's board of directors are seasoned and experienced ( 14.4 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 diluted in the past year, with total shares outstanding growing by 15%.


Top Shareholders

Company Information

Reedy Lagoon Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Reedy Lagoon Corporation Limited
  • Ticker: RLC
  • Exchange: ASX
  • Founded: 1986
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$14.581m
  • Shares outstanding: 540.03m
  • Website: https://www.reedylagoon.com.au

Location

  • Reedy Lagoon Corporation Limited
  • 530 Collins Street
  • Level 18
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:04
End of Day Share Price2021/10/20 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.