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RBL

RedbubbleASX:RBL Stock Report

Market Cap

AU$946.8m

7D

0%

1Y

-33.9%

Updated

29 Nov, 2021

Data

Company Financials +
RBL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends0/6

RBL Stock Overview

Redbubble Limited operates as an online marketplace that facilitates the sale of art and design products.

Redbubble Competitors

Amazon.com

NasdaqGS:AMZN

US$1.8t

Etsy

NasdaqGS:ETSY

US$36.9b

Wayfair

NYSE:W

US$28.9b

Urban Outfitters

NasdaqGS:URBN

US$3.1b

Price History & Performance

Summary of all time highs, changes and price drops for Redbubble
Historical stock prices
Current Share PriceAU$3.45
52 Week HighAU$7.35
52 Week LowAU$2.62
Beta1.43
1 Month Change-16.87%
3 Month Change-17.66%
1 Year Change-33.91%
3 Year Change196.14%
5 Year Change259.38%
Change since IPO137.11%

Recent News & Updates

Oct 18
An Intrinsic Calculation For Redbubble Limited (ASX:RBL) Suggests It's 48% Undervalued

An Intrinsic Calculation For Redbubble Limited (ASX:RBL) Suggests It's 48% Undervalued

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Redbubble Limited...

Aug 25
Redbubble's (ASX:RBL) Robust Earnings Are Supported By Other Strong Factors

Redbubble's (ASX:RBL) Robust Earnings Are Supported By Other Strong Factors

When companies post strong earnings, the stock generally performs well, just like Redbubble Limited's ( ASX:RBL ) stock...

Shareholder Returns

RBLAU Online RetailAU Market
7D0%-6.3%-1.6%
1Y-33.9%-28.2%11.8%

Return vs Industry: RBL underperformed the Australian Online Retail industry which returned -28.2% over the past year.

Return vs Market: RBL underperformed the Australian Market which returned 11.8% over the past year.

Price Volatility

Is RBL's price volatile compared to industry and market?
RBL volatility
RBL Average Weekly Movement7.8%
Online Retail Industry Average Movement9.5%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.8%
10% least volatile stocks in AU Market3.7%

Stable Share Price: RBL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: RBL's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aMike Ilczynskihttps://www.redbubble.com

Redbubble Limited operates as an online marketplace that facilitates the sale of art and design products. It offers clothing, face masks, phone cases, stickers, home and living products, wall arts, kids and baby clothing, accessories, stationery and office products, and gifts. The company provides its services through its website Redbubble.com, TeePublic.com, and other sites in Australia, the United States, the United Kingdom, and internationally.

Redbubble Fundamentals Summary

How do Redbubble's earnings and revenue compare to its market cap?
RBL fundamental statistics
Market CapAU$946.85m
Earnings (TTM)AU$31.25m
Revenue (TTM)AU$657.32m

30.3x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RBL income statement (TTM)
RevenueAU$657.32m
Cost of RevenueAU$499.11m
Gross ProfitAU$158.21m
ExpensesAU$126.96m
EarningsAU$31.25m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin24.07%
Net Profit Margin4.75%
Debt/Equity Ratio0%

How did RBL perform over the long term?

See historical performance and comparison

Valuation

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

33.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RBL (A$3.45) is trading below our estimate of fair value (A$5.19)

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


Price To Earnings Ratio

PE vs Industry: RBL is good value based on its PE Ratio (30.3x) compared to the Australian Online Retail industry average (166.8x).

PE vs Market: RBL is poor value based on its PE Ratio (30.3x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: RBL is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: RBL is overvalued based on its PB Ratio (8.2x) compared to the AU Online Retail industry average (7.2x).


Future Growth

How is Redbubble forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

18.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBL's forecast earnings growth (18.2% per year) is above the savings rate (1.9%).

Earnings vs Market: RBL's earnings (18.2% per year) are forecast to grow faster than the Australian market (11.6% per year).

High Growth Earnings: RBL's earnings are forecast to grow, but not significantly.

Revenue vs Market: RBL's revenue (11.8% per year) is forecast to grow faster than the Australian market (5.2% per year).

High Growth Revenue: RBL's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RBL's Return on Equity is forecast to be high in 3 years time (20.1%)


Past Performance

How has Redbubble performed over the past 5 years?

37.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBL has high quality earnings.

Growing Profit Margin: RBL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RBL has become profitable over the past 5 years, growing earnings by 37.6% per year.

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

Earnings vs Industry: RBL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Online Retail industry (-65.8%).


Return on Equity

High ROE: RBL's Return on Equity (27%) is considered high.


Financial Health

How is Redbubble's financial position?


Financial Position Analysis

Short Term Liabilities: RBL's short term assets (A$113.8M) exceed its short term liabilities (A$66.7M).

Long Term Liabilities: RBL's short term assets (A$113.8M) exceed its long term liabilities (A$4.0M).


Debt to Equity History and Analysis

Debt Level: RBL is debt free.

Reducing Debt: RBL had no debt 5 years ago.

Debt Coverage: RBL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RBL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Redbubble current dividend yield, its reliability and sustainability?

0.47%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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

0.8yrs

Average management tenure


CEO

Mike Ilczynski

0.83

Tenure

AU$1,227,782

Compensation

Mr. Michael J. Ilczynski, also known as Mike, serves as Group Chief Executive Officer at Redbubble Limited since January 27, 2021. Mr. Ilczynski was CEO of Asia Pacific and Americas at SEEK Limited from Ma...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD873.93K) is about average for companies of similar size in the Australian market ($USD965.91K).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.


Leadership Team

Experienced Management: RBL's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: RBL's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: RBL insiders have sold more shares than they have bought 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 2.6%.


Top Shareholders

Company Information

Redbubble Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Redbubble Limited
  • Ticker: RBL
  • Exchange: ASX
  • Founded: 2006
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: AU$946.849m
  • Shares outstanding: 274.45m
  • Website: https://www.redbubble.com

Number of Employees


Location

  • Redbubble Limited
  • 271 Collins Street
  • Level 3
  • 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 Analysis2021/11/29 15:53
End of Day Share Price2021/11/29 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.