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RVR

Red River ResourcesASX:RVR Stock Report

Market Cap

AU$116.7m

7D

-4.3%

1Y

7.1%

Updated

26 Oct, 2021

Data

Company Financials +
RVR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends0/6

RVR Overview

Red River Resources Limited, together with its subsidiaries, explores for and develops mineral projects in Australia.

Red River Resources Competitors

Western Areas

ASX:WSA

AU$1.1b

Jervois Global

ASX:JRV

AU$924.2m

Mincor Resources

ASX:MCR

AU$663.5m

Neometals

ASX:NMT

AU$485.3m

Price History & Performance

Summary of all time highs, changes and price drops for Red River Resources
Historical stock prices
Current Share PriceAU$0.23
52 Week HighAU$0.14
52 Week LowAU$0.33
Beta1.83
1 Month Change40.63%
3 Month Change12.50%
1 Year Change7.14%
3 Year Change21.62%
5 Year Change28.57%
Change since IPO7.14%

Recent News & Updates

Sep 02
Red River Resources' (ASX:RVR) Strong Earnings Are Of Good Quality

Red River Resources' (ASX:RVR) Strong Earnings Are Of Good Quality

Red River Resources Limited ( ASX:RVR ) recently posted some strong earnings, and the market responded positively. We...

Jun 07
Here's Why I Think Red River Resources (ASX:RVR) Is An Interesting Stock

Here's Why I Think Red River Resources (ASX:RVR) Is An Interesting Stock

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

RVRAU Metals and MiningAU Market
7D-4.3%-0.4%0.8%
1Y7.1%15.6%24.4%

Return vs Industry: RVR underperformed the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: RVR underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is RVR's price volatile compared to industry and market?
RVR volatility
RVR Beta1.83
Industry Beta0.97
Market Beta1

Stable Share Price: RVR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: RVR's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aMel Palancianhttps://www.redriverresources.com.au

Red River Resources Limited, together with its subsidiaries, explores for and develops mineral projects in Australia. The company explores for zinc, copper, lead, gold, silver, and base metal, as well as precious metal deposits. It holds a 100% interest in the Thalanga project located in Queensland; and an interest in the Hillgrove project situated in Armidale, New South Wales.

Red River Resources Fundamentals Summary

How do Red River Resources's earnings and revenue compare to its market cap?
RVR fundamental statistics
Market CapAU$116.65m
Earnings (TTM)AU$5.90m
Revenue (TTM)AU$118.34m

19.8x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RVR income statement (TTM)
RevenueAU$118.34m
Cost of RevenueAU$71.43m
Gross ProfitAU$46.90m
ExpensesAU$41.01m
EarningsAU$5.90m

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RVR (A$0.23) is trading below our estimate of fair value (A$1.38)

Significantly Below Fair Value: RVR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RVR is poor value based on its PE Ratio (19.8x) compared to the Australian Metals and Mining industry average (14.6x).

PE vs Market: RVR is good value based on its PE Ratio (19.8x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: RVR is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: RVR is good value based on its PB Ratio (1.9x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Red River Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

87.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RVR's forecast earnings growth (87.5% per year) is above the savings rate (1.9%).

Earnings vs Market: RVR's earnings (87.5% per year) are forecast to grow faster than the Australian market (12.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if RVR's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if RVR's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RVR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Red River Resources performed over the past 5 years?

32.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RVR has high quality earnings.

Growing Profit Margin: RVR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RVR has become profitable over the past 5 years, growing earnings by 32.7% per year.

Accelerating Growth: RVR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RVR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: RVR's Return on Equity (9.8%) is considered low.


Financial Health

How is Red River Resources's financial position?


Financial Position Analysis

Short Term Liabilities: RVR's short term assets (A$30.9M) do not cover its short term liabilities (A$35.9M).

Long Term Liabilities: RVR's short term assets (A$30.9M) exceed its long term liabilities (A$18.2M).


Debt to Equity History and Analysis

Debt Level: RVR's debt to equity ratio (0.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if RVR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: RVR's debt is well covered by operating cash flow (30640.8%).

Interest Coverage: RVR's interest payments on its debt are well covered by EBIT (44x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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

5.0yrs

Average management tenure


CEO

Mel Palancian

6.25yrs

Tenure

AU$942,724

Compensation

Mr. Melkon Palancian, also known as Mel, BEng MEng MAusIMM MIEAust, has been the Managing Director of Red River Resources Ltd. since July 13, 2015 and as served as its Chief Operating Officer from Septembe...


CEO Compensation Analysis

Compensation vs Market: Mel's total compensation ($USD706.69K) is above average for companies of similar size in the Australian market ($USD301.38K).

Compensation vs Earnings: Mel's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: RVR's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: RVR's board of directors are considered experienced (6.2 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Red River Resources Limited
  • Ticker: RVR
  • Exchange: ASX
  • Founded: 2002
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$116.655m
  • Shares outstanding: 518.46m
  • Website: https://www.redriverresources.com.au

Location

  • Red River Resources Limited
  • Thalanga Mine
  • 18144 Flinders Highway
  • Charters Towers
  • Queensland
  • 2002
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:02
End of Day Share Price2021/10/26 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.