ASX:REX

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Regional Express Holdings

Executive Summary

Regional Express Holdings Limited engages in the air transportation of passengers and freight. More Details


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

2.5%

REX

-6.2%

AU Airlines

-3.5%

AU Market


1 Year Return

6.7%

REX

-41.8%

AU Airlines

-9.2%

AU Market

Return vs Industry: REX exceeded the Australian Airlines industry which returned -41.8% over the past year.

Return vs Market: REX exceeded the Australian Market which returned -9.2% over the past year.


Shareholder returns

REXIndustryMarket
7 Day2.5%-6.2%-3.5%
30 Day10.4%0.4%0.5%
90 Day31.7%5.9%2.3%
1 Year6.7%6.7%-34.9%-41.8%-6.0%-9.2%
3 Year24.0%5.9%-38.5%-48.3%12.4%-1.8%
5 Year102.9%63.1%-35.5%-46.4%39.6%10.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: REX (A$1.44) is trading below our estimate of fair value (A$6.37)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: REX's PB Ratio (0.9x) is in line with the XX Airlines industry average.


Next Steps

Future Growth

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

92.7%

Forecasted Transportation 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 Regional Express 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 Regional Express Holdings performed over the past 5 years?

17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: REX is currently unprofitable.

Growing Profit Margin: REX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: REX is unprofitable, but has reduced losses over the past 5 years at a rate of 17.9% per year.

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

Earnings vs Industry: REX is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (-38.5%).


Return on Equity

High ROE: REX has a negative Return on Equity (-11.17%), as it is currently unprofitable.


Next Steps

Financial Health

How is Regional Express Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: REX's short term assets (A$38.0M) do not cover its short term liabilities (A$71.9M).

Long Term Liabilities: REX's short term assets (A$38.0M) exceed its long term liabilities (A$7.3M).


Debt to Equity History and Analysis

Debt Level: REX's debt to equity ratio (9.4%) is considered satisfactory.

Reducing Debt: REX's debt to equity ratio has reduced from 10.5% to 9.4% over the past 5 years.

Debt Coverage: REX's debt is well covered by operating cash flow (250.6%).

Interest Coverage: Insufficient data to determine if REX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

6.3yrs

Average management tenure


CEO

Regional Express Holdings has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Kim Lim
Executive Chairman17.33yrsno data22.66%
A$ 35.0m
Neville Howell
COO & Executive Director6.25yrsAU$312.33k0.024%
A$ 37.1k
Mayooran Thanabalasingam
General Manager of Information Technology & Communications12.25yrsAU$264.03k0.084%
A$ 129.8k
Warrick Lodge
General Manager of Network Strategy & Salesno dataAU$257.29k0.15%
A$ 231.2k
Christopher Hine
Group Flight Operations Advisor & Executive Director9.58yrsAU$173.79k0.073%
A$ 112.4k
Png Tat
General Manager of Engineering8.58yrsAU$252.65k0.030%
A$ 45.9k
Paul Fisher
GM of Flight Operations & Chief Pilot 6.25yrsAU$287.77k0.045%
A$ 69.5k
Irwin Tan
GM of Corporate Services & Company Secretaryno dataAU$265.71kno data
Anthony Gibara
General Manager of Human Factors2.75yrsno datano data
Benjamin Ng
Company Secretary13yrsno datano data
Richard Kwan
Company Secretary4.08yrsno datano data

6.3yrs

Average Tenure

Experienced Management: REX's management team is seasoned and experienced (6.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kim Lim
Executive Chairman17.33yrsno data22.66%
A$ 35.0m
Neville Howell
COO & Executive Director6.25yrsAU$312.33k0.024%
A$ 37.1k
Christopher Hine
Group Flight Operations Advisor & Executive Director9.58yrsAU$173.79k0.073%
A$ 112.4k
Thian Lee
Non-Executive Director17.33yrsAU$28.62k7.07%
A$ 10.9m
James Davis
Independent Director16.17yrsAU$41.78k0.18%
A$ 284.2k
Ronald Bartsch
Independent Director9.92yrsAU$36.56kno data

13.0yrs

Average Tenure

65yo

Average Age

Experienced Board: REX's board of directors are seasoned and experienced ( 13 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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Regional Express Holdings Limited
  • Ticker: REX
  • Exchange: ASX
  • Founded: 1953
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: AU$154.575m
  • Shares outstanding: 109.24m
  • Website: https://www.rex.com.au

Location

  • Regional Express Holdings Limited
  • 81-83 Baxter Road
  • Mascot
  • New South Wales
  • 2020
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
REXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2005
REXCHIA (Chi-X Australia)YesOrdinary SharesAUAUDNov 2005
R4LDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2005

Biography

Regional Express Holdings Limited engages in the air transportation of passengers and freight. The company operates through Regular Public Transport and Charter segments. It provides aeromedical transport ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 10:48
End of Day Share Price2020/10/30 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.