ReadCloud Limited provides eBook solutions to secondary schools in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.22|
|52 Week High||AU$0.23|
|52 Week Low||AU$0.84|
|1 Month Change||-18.52%|
|3 Month Change||-34.33%|
|1 Year Change||-45.00%|
|3 Year Change||-29.03%|
|5 Year Change||n/a|
|Change since IPO||-18.52%|
Recent News & Updates
A Look At ReadCloud's (ASX:RCL) CEO Remuneration
Lars Lindstrom is the CEO of ReadCloud Limited ( ASX:RCL ), and in this article, we analyze the executive's...
|RCL||AU Software||AU Market|
Return vs Industry: RCL underperformed the Australian Software industry which returned 25% over the past year.
Return vs Market: RCL underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: RCL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: RCL's weekly volatility (9%) has been stable over the past year.
About the Company
ReadCloud Limited provides eBook solutions to secondary schools in Australia. Its eBooks allows students and teachers to share notes, questions, videos, and web links, as well as to make comments and import third party content. The company also offers vocational education and training (VET) course materials and services to schools comprising approximately 50 VET courses and Auspicing services.
ReadCloud Fundamentals Summary
|RCL fundamental statistics|
Is RCL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RCL income statement (TTM)|
|Cost of Revenue||AU$3.37m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0096|
|Net Profit Margin||-15.79%|
How did RCL perform over the long term?See historical performance and comparison
Is ReadCloud undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RCL (A$0.22) is trading below our estimate of fair value (A$2.89)
Significantly Below Fair Value: RCL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RCL is unprofitable, so we can't compare its PE Ratio to the Australian Software industry average.
PE vs Market: RCL 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 RCL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RCL is good value based on its PB Ratio (2.1x) compared to the AU Software industry average (5.2x).
How is ReadCloud forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RCL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: RCL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: RCL's is expected to become profitable in the next 3 years.
Revenue vs Market: RCL's revenue (31.8% per year) is forecast to grow faster than the Australian market (5.4% per year).
High Growth Revenue: RCL's revenue (31.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RCL's Return on Equity is forecast to be low in 3 years time (13.9%).
How has ReadCloud performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RCL is currently unprofitable.
Growing Profit Margin: RCL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RCL is unprofitable, and losses have increased over the past 5 years at a rate of 22.5% per year.
Accelerating Growth: Unable to compare RCL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RCL is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (37.5%).
Return on Equity
High ROE: RCL has a negative Return on Equity (-9.04%), as it is currently unprofitable.
How is ReadCloud's financial position?
Financial Position Analysis
Short Term Liabilities: RCL's short term assets (A$7.3M) exceed its short term liabilities (A$2.5M).
Long Term Liabilities: RCL's short term assets (A$7.3M) exceed its long term liabilities (A$689.7K).
Debt to Equity History and Analysis
Debt Level: RCL's debt to equity ratio (3.6%) is considered satisfactory.
Reducing Debt: RCL's debt to equity ratio has reduced from 62.3% to 3.6% over the 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: RCL has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RCL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is ReadCloud current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RCL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RCL'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 RCL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RCL'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 RCL'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 management tenure
Mr. Lars Peder Lindstrom serves as Managing Director, Chief Executive Officer and an Executive Director of ReadCloud Limited. Mr. Lindstrom Co-founded ReadCloud in 2009 and has extensive tech startup exper...
CEO Compensation Analysis
Compensation vs Market: Lars's total compensation ($USD204.49K) is below average for companies of similar size in the Australian market ($USD302.06K).
Compensation vs Earnings: Lars's compensation has increased whilst the company is unprofitable.
Experienced Management: RCL's management team is considered experienced (2.3 years average tenure).
Experienced Board: RCL's board of directors are considered experienced (3.8 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 20.1%.
ReadCloud Limited's employee growth, exchange listings and data sources
- Name: ReadCloud Limited
- Ticker: RCL
- Exchange: ASX
- Founded: 2009
- Industry: Application Software
- Sector: Software
- Market Cap: AU$28.145m
- Shares outstanding: 119.76m
- Website: https://www.readcloud.com
Number of Employees
- ReadCloud Limited
- 284 Bay Street
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.