ASX:RFN

Stock Analysis Report

Executive Summary

REFFIND Ltd develops cloud based software as a service solutions that enable companies to communicate with their employees in Australia and internationally.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has REFFIND's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RFN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

50.0%

RFN

0.1%

AU Software

0.8%

AU Market


1 Year Return

-40.0%

RFN

35.8%

AU Software

15.3%

AU Market

Return vs Industry: RFN underperformed the Australian Software industry which returned 41.2% over the past year.

Return vs Market: RFN underperformed the Australian Market which returned 15.6% over the past year.


Shareholder returns

RFNIndustryMarket
7 Day50.0%0.1%0.8%
30 Day-25.0%4.0%0.3%
90 Day-14.3%9.1%5.3%
1 Year-40.0%-40.0%37.0%35.8%20.5%15.3%
3 Year-91.4%-91.4%171.9%159.7%37.4%18.8%
5 Yearn/a181.4%159.8%50.7%16.8%

Price Volatility Vs. Market

How volatile is REFFIND's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RFN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RFN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RFN is unprofitable, so we can't compare its PE Ratio to the Software industry average.

PE vs Market: RFN 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 RFN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RFN is good value based on its PB Ratio (0.4x) compared to the AU Software industry average (4.2x).


Next Steps

Future Growth

How is REFFIND forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.2%

Forecasted Software 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 REFFIND 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.


Next Steps

Past Performance

How has REFFIND performed over the past 5 years?

25.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RFN is currently unprofitable.

Growing Profit Margin: RFN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RFN is unprofitable, but has reduced losses over the past 5 years at a rate of 25.4% per year.

Accelerating Growth: Unable to compare RFN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RFN is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (23.8%).


Return on Equity

High ROE: RFN has a negative Return on Equity (-28.07%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is REFFIND's financial position?


Financial Position Analysis

Short Term Liabilities: RFN's short term assets (A$405.7K) exceed its short term liabilities (A$147.4K).

Long Term Liabilities: RFN has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RFN is debt free.

Reducing Debt: RFN has not had any debt for past 5 years.


Balance Sheet

Inventory Level: RFN has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if RFN's debt is covered by short term assets.


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: RFN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RFN has less than a year of cash runway if free cash flow continues to grow at historical rates of 19.4% each year.


Next Steps

Dividend

What is REFFIND's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%5.5%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate RFN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RFN's dividends per share have been stable in the past.

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

1.4yrs

Average management tenure


CEO

David Jackson 0

1.4yrs

Tenure

AU$78,000

Compensation

Mr. David Stephen Jackson has been Interim CEO of REFFIND Ltd. since September 2018 and served as REFFIND Ltd Executive Chairman until September 5, 2019. He previously served as Non-Executive Chairman of R ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD52.41K) is below average for companies of similar size in the Australian market ($USD254.67K).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
David Jackson
Interim Chief Executive Officer1.4yrsAU$78.00kno data
Declan Jarrett
Company Secretary & Independent Director1.3yrsAU$28.00kno data
Frank Liardet
Chief Product Manager2.2yrsAU$61.59kno data

1.4yrs

Average Tenure

Experienced Management: RFN's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Declan Jarrett
Company Secretary & Independent Director1.3yrsAU$28.00kno data
Rumi Guzder
Non-Executive Chairman0.4yrsno datano data
Joshua Quinn
Director0.2yrsno datano data

0.4yrs

Average Tenure

Experienced Board: RFN's board of directors are not considered experienced ( 0.4 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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.9%.


Top Shareholders

Company Information

REFFIND Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: REFFIND Ltd
  • Ticker: RFN
  • Exchange: ASX
  • Founded: 2014
  • Industry: Application Software
  • Sector: Software
  • Market Cap: AU$2.522m
  • Shares outstanding: 840.50m
  • Website: https://www.reffind.com

Location

  • REFFIND Ltd
  • 330 Churchill Avenue
  • Suite 9
  • Perth
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RFNASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2015
RFNCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2015

Biography

REFFIND Ltd develops cloud based software as a service solutions that enable companies to communicate with their employees in Australia and internationally. It operates in two segments, REFFIND and WooBoard. The company’s solutions include loyall solution, which transforms the management and delivery of countless forms of incentives using proprietary blockchain and smart contract technology; and WooBoard, a peer-to-peer recognition platform. The company was incorporated in 2014 and is based in Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 10:52
End of Day Share Price2020/02/18 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.