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RVR

Red River Resources ASX:RVR Stock Report

Last Price

AU$0.085

Market Cap

AU$44.1m

7D

-7.6%

1Y

-46.9%

Updated

24 Sep, 2022

Data

Company Financials +
RVR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends0/6

RVR Stock Overview

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

Red River Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Red River Resources
Historical stock prices
Current Share PriceAU$0.085
52 Week HighAU$0.27
52 Week LowAU$0.083
Beta1.93
1 Month Change-35.85%
3 Month Change-45.16%
1 Year Change-46.88%
3 Year Change-45.16%
5 Year Change-69.64%
Change since IPO-59.52%

Recent News & Updates

Shareholder Returns

RVRAU Metals and MiningAU Market
7D-7.6%-0.9%-2.7%
1Y-46.9%2.1%-11.0%

Return vs Industry: RVR underperformed the Australian Metals and Mining industry which returned 2.1% over the past year.

Return vs Market: RVR underperformed the Australian Market which returned -11% over the past year.

Price Volatility

Is RVR's price volatile compared to industry and market?
RVR volatility
RVR Average Weekly Movement12.9%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.3%

Stable Share Price: RVR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: RVR's weekly volatility (13%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2002n/aPatrick O'Connorhttps://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$44.07m
Earnings (TTM)AU$3.91m
Revenue (TTM)AU$113.93m

11.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RVR income statement (TTM)
RevenueAU$113.93m
Cost of RevenueAU$64.14m
Gross ProfitAU$49.79m
Other ExpensesAU$45.88m
EarningsAU$3.91m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0075
Gross Margin43.70%
Net Profit Margin3.43%
Debt/Equity Ratio9.3%

How did RVR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is RVR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RVR?

Other financial metrics that can be useful for relative valuation.

RVR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA1.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does RVR's PE Ratio compare to its peers?

RVR PE Ratio vs Peers
The above table shows the PE ratio for RVR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.5x
MLG MLG Oz
15.7x38.6%AU$75.7m
PHO PhosCo
4.1xn/aAU$40.9m
MGL Magontec
1.8xn/aAU$31.5m
NC1 NICO Resources
80.3xn/aAU$63.2m
RVR Red River Resources
11.3xn/aAU$44.1m

Price-To-Earnings vs Peers: RVR is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (25.5x).


Price to Earnings Ratio vs Industry

How does RVR's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Earnings vs Industry: RVR is expensive based on its Price-To-Earnings Ratio (11.3x) compared to the Australian Metals and Mining industry average (8.5x)


Price to Earnings Ratio vs Fair Ratio

What is RVR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RVR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate RVR's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of RVR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RVR (A$0.09) is trading below our estimate of fair value (A$0.99)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-5.0%

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 Red River 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.


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  • Examine whether Red River Resources is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Red River Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

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

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


27.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RVR has a high level of non-cash earnings.

Growing Profit Margin: RVR's current net profit margins (3.4%) are lower than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: RVR has become profitable over the past 5 years, growing earnings by 27.2% per year.

Accelerating Growth: RVR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RVR had negative earnings growth (-33.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (33.8%).


Return on Equity

High ROE: RVR's Return on Equity (6.1%) is considered low.


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Financial Health

How is Red River Resources's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RVR's short term assets (A$22.2M) do not cover its short term liabilities (A$22.3M).

Long Term Liabilities: RVR's short term assets (A$22.2M) exceed its long term liabilities (A$17.8M).


Debt to Equity History and Analysis

Debt Level: RVR has more cash than its total debt.

Reducing Debt: RVR's debt to equity ratio has increased from 0.01% to 9.3% over the past 5 years.

Debt Coverage: RVR's debt is well covered by operating cash flow (182.6%).

Interest Coverage: RVR's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as RVR has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Patrick O'Connor (59 yo)

no data

Tenure

Mr. Patrick O'Connor, B. Comm, SEP Stanford (USA), FAICD, served as Non-Executive Director of Red River Resources Limited from August 09, 2022 until September 05, 2022 and serves as its Chief Executive Off...


Leadership Team

Experienced Management: RVR's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: RVR's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


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

ASX:RVR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
18 Jul 22BuyAU$1,077,4223rd Wave Investors LtdCompany6,400,000AU$0.17
28 Apr 22BuyAU$1,052,8033rd Wave Investors LtdCompany4,742,999AU$0.22
02 Feb 22BuyAU$2,224,5013rd Wave Investors LtdCompany10,607,000AU$0.21
28 Oct 21BuyAU$1,196,3673rd Wave Investors LtdCompany5,349,999AU$0.22

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 22 shareholders own 26.42% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.76%
3rd Wave Investors Ltd
45,400,000A$3.9m9.4%5.99%
2.19%
Narelle Fay
11,369,658A$966.4k0.66%no data
1.96%
Braham Consolidated Pty Ltd
10,147,790A$862.6k0%no data
1.81%
Andrew Fay
9,365,000A$796.0k0.81%no data
1.64%
Matthew Sheerin
8,500,000A$722.5k13.33%no data
1.21%
Wymond Investments Pty Ltd
6,250,000A$531.3k0%no data
0.98%
Braham Investments Pty Ltd
5,095,656A$433.1k0%no data
0.96%
Timothy Stephen Hanlon
5,000,000A$425.0k0%no data
0.96%
Robert Muffet
5,000,000A$425.0k0%no data
0.87%
Gurravembi Investments Pty Limited
4,500,000A$382.5k0%no data
0.85%
David Rothwell
4,428,112A$376.4k-9.98%no data
0.81%
Marford Group Pty. Ltd.
4,214,283A$358.2k0%no data
0.76%
Corlette Point Road Pty Ltd
3,920,000A$333.2k0%no data
0.72%
Loddy Pty Ltd
3,720,000A$316.2k0%no data
0.7%
Hydraqua Pty Ltd
3,642,908A$309.6k0%no data
0.48%
Melkon Palancian
2,484,108A$211.1k0%no data
0.25%
Karl Spaleck
1,314,849A$111.8k13.93%no data
0.21%
Patrick O'Connor
1,080,000A$91.8k0%no data
0.1%
Brett Fletcher
528,244A$44.9k0%no data
0.075%
Dimensional Fund Advisors LP
389,448A$33.1k-14.94%no data
0.068%
Rod Lovelady
353,495A$30.0k12.48%no data
0.058%
Ian Smith
300,000A$25.5k0%no data

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
  • Implied Market Cap: AU$44.069m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RVRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2005
R1RDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2005
RVRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.