ASX:RDF

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Redflex Holdings

Executive Summary

Redflex Holdings Limited, together with its subsidiaries, develops and implements intelligent traffic management products and services in the Americas, Australia, Saudi Arabia, United Arab Emirates, Ireland, the United Kingdom, New Zealand, and Asia. More Details

Risk Analysis

Does not have a meaningful market cap (A$61M)



Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: Insufficient data to determine RDF's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine RDF's volatility change over the past year.


Market Performance


7 Day Return

-2.4%

RDF

2.2%

AU Electronic

-0.3%

AU Market


1 Year Return

-16.7%

RDF

35.9%

AU Electronic

-1.6%

AU Market

Return vs Industry: RDF underperformed the Australian Electronic industry which returned 35.9% over the past year.

Return vs Market: RDF underperformed the Australian Market which returned -1.6% over the past year.


Shareholder returns

RDFIndustryMarket
7 Day-2.4%2.2%-0.3%
30 Day0%8.2%0.5%
90 Day9.6%10.5%10.1%
1 Year-16.7%-16.7%39.3%35.9%1.7%-1.6%
3 Year-31.0%-31.0%132.3%115.9%26.2%10.7%
5 Year21.8%14.3%210.5%184.1%68.7%35.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.96x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RDF is good value based on its PB Ratio (1x) compared to the AU Electronic industry average (4.2x).


Next Steps

Future Growth

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

25.0%

Forecasted Tech 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 Redflex Holdings 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 Redflex Holdings performed over the past 5 years?

28.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RDF is currently unprofitable.

Growing Profit Margin: RDF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RDF is unprofitable, but has reduced losses over the past 5 years at a rate of 28% per year.

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

Earnings vs Industry: RDF is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-0.9%).


Return on Equity

High ROE: RDF has a negative Return on Equity (-16.53%), as it is currently unprofitable.


Next Steps

Financial Health

How is Redflex Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: RDF's short term assets (A$56.9M) exceed its short term liabilities (A$31.8M).

Long Term Liabilities: RDF's short term assets (A$56.9M) exceed its long term liabilities (A$34.3M).


Debt to Equity History and Analysis

Debt Level: RDF's debt to equity ratio (30.5%) is considered satisfactory.

Reducing Debt: RDF's debt to equity ratio has increased from 18% to 30.5% over the past 5 years.


Balance Sheet


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: RDF has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: RDF has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 30% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if RDF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RDF is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RDF'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?

3.3yrs

Average management tenure


CEO

Mark Talbot

3.42yrs

Tenure

AU$1,405,327

Compensation

Mr. Mark J. Talbot, B. Science, MBA, has been Group Chief Executive Officer and Managing Director of Redflex Holdings Limited since August 21, 2017 and November 29, 2017 respectively. Mr. Talbot joined to ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD1.08M) is above average for companies of similar size in the Australian market ($USD294.44K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mark Talbot
Group CEO3.42yrsAU$1.41m0.70%
A$ 425.6k
Neville Joyce
Senior VP & Group CFO2.92yrsAU$367.32k0.0063%
A$ 3.8k
Craig Durham
Senior VP5.92yrsAU$396.58k0.10%
A$ 60.9k
Lewis Miller
Senior Vice President of Global Operations3.08yrsno datano data
Kenneth Dodd
Vice President of Global Sales Operations2.42yrsno datano data
Angela Fair
Senior Vice President of People & Performance3.08yrsno datano data
Fergus Porter
Senior Vice President of Engineering & Delivery - Redflex Traffic Systems Pty Ltd4.92yrsno datano data
Laurence Giles
Senior Vice President of Global Markets & Solutions4.42yrsno datano data

3.3yrs

Average Tenure

Experienced Management: RDF's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Talbot
Group CEO3.42yrsAU$1.41m0.70%
A$ 425.6k
Robert DeVincenzi
Independent Non-Executive Director8.33yrsAU$97.15k0.12%
A$ 71.2k
Terence Winters
Independent Non-Executive Director7.42yrsAU$98.57k0.042%
A$ 25.7k
John Worthington
Non-Executive Director1.33yrsAU$71.48kno data
David McIntyre
Non-Executive Director5.83yrsAU$88.95k0.041%
A$ 25.0k
Adam Gray
Non-Executive Chairman6.92yrsAU$149.06kno data
Clark A. Davey
Independent Non-Executive Director6yrsAU$103.38k0.36%
A$ 219.5k

6.0yrs

Average Tenure

62yo

Average Age

Experienced Board: RDF's board of directors are considered experienced (6 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

Redflex Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Redflex Holdings Limited
  • Ticker: RDF
  • Exchange: ASX
  • Founded: 1995
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: AU$60.796m
  • Shares outstanding: 151.99m
  • Website: https://www.redflex.com

Location

  • Redflex Holdings Limited
  • 31 Market Street
  • PO Box 720
  • Melbourne
  • Victoria
  • 3205
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RDFASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1997
RDFCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1997

Biography

Redflex Holdings Limited, together with its subsidiaries, develops and implements intelligent traffic management products and services in the Americas, Australia, Saudi Arabia, United Arab Emirates, Irelan...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 07:03
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.