Reedy Lagoon Corporation Limited explores for minerals in Australia and the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.027|
|52 Week High||AU$0.01|
|52 Week Low||AU$0.051|
|1 Month Change||8.00%|
|3 Month Change||80.00%|
|1 Year Change||92.86%|
|3 Year Change||170.00%|
|5 Year Change||237.50%|
|Change since IPO||-91.00%|
Recent News & Updates
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...
|RLC||AU Metals and Mining||AU Market|
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.
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
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
|RLC fundamental statistics|
Is RLC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RLC income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0011|
|Net Profit Margin||-365,331.88%|
How did RLC perform over the long term?See historical performance and comparison
Is Reedy Lagoon 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 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).
How is Reedy Lagoon 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 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.
How has Reedy Lagoon performed over the past 5 years?
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.
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$181.3K).
Long Term Liabilities: RLC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RLC is debt free.
Reducing Debt: RLC has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RLC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RLC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.2% each year
What is Reedy Lagoon current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RLC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RLC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RLC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RLC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RLC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Geof Fethers (64 yo)
Mr. Geoffrey H. Fethers also known as Geof, B.Sc.(Hons), MAusIMM founded Reedy Lagoon Corporation Limited in 1986 and has been its Managing Director since May 01, 2007. Mr. Fethers has been Company Secreta...
CEO Compensation Analysis
Compensation vs Market: Geof's total compensation ($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.
Experienced Board: RLC's board of directors are seasoned and experienced ( 14.4 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15%.
Reedy Lagoon Corporation Limited's employee growth, exchange listings and data sources
- 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
- Reedy Lagoon Corporation Limited
- 530 Collins Street
- Level 18
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 07:04|
|End of Day Share Price||2021/10/20 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.