Regional Express Holdings
Market Cap
AU$176.4m
Last Updated
2021/03/06 07:33 UTC
Data Sources
Company Financials
Executive Summary
Regional Express Holdings Limited engages in the air transportation of passengers and freight. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
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 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: REX's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
1.6%
REX
-0.5%
AU Airlines
-0.2%
AU Market
1 Year Return
66.5%
REX
-1.0%
AU Airlines
12.7%
AU Market
Return vs Industry: REX exceeded the Australian Airlines industry which returned 10.5% over the past year.
Return vs Market: REX exceeded the Australian Market which returned 10.5% over the past year.
Shareholder returns
| REX | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | -0.5% | -0.2% |
| 30 Day | -13.9% | 13.7% | -2.0% |
| 90 Day | -15.0% | 7.3% | 1.8% |
| 1 Year | 66.5%66.5% | 12.4%-1.0% | 16.3%12.7% |
| 3 Year | 15.7%-1.2% | -20.3%-34.3% | 27.9%12.4% |
| 5 Year | n/a | 0.3%-20.1% | 60.3%29.5% |
Long-Term 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
No news available
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$1.7) is trading below our estimate of fair value (A$24.14)
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 is good value based on its PB Ratio (1x) compared to the XX Airlines industry average (1.7x).
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?
89.8%
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
- Examine whether Regional Express Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Transportation industry.
Past Performance
How has Regional Express Holdings performed over the past 5 years?
-5.6%
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, and losses have increased over the past 5 years at a rate of 5.6% 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 (-21.4%).
Return on Equity
High ROE: REX has a negative Return on Equity (-8.83%), 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$51.5M) do not cover its short term liabilities (A$64.6M).
Long Term Liabilities: REX's short term assets (A$51.5M) exceed its long term liabilities (A$24.6M).
Debt to Equity History and Analysis
Debt Level: REX's debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: REX's debt to equity ratio has increased from 9.6% to 16.6% over the past 5 years.
Debt Coverage: REX's debt is well covered by operating cash flow (99.6%).
Interest Coverage: Insufficient data to determine if REX's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Regional Express Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate REX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate REX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if REX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if REX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: REX is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of REX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Regional Express Holdings has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 17.75yrs | no data | 22.66% A$ 40.0m | |
| COO & Executive Director | 6.67yrs | AU$312.33k | 0.029% A$ 51.8k | |
| General Manager of Information Technology & Communications | 12.67yrs | AU$264.03k | 0.084% A$ 148.2k | |
| General Manager of Network Strategy & Sales | no data | AU$257.29k | 0.15% A$ 263.9k | |
| Group Flight Operations Advisor & Executive Director | 10yrs | AU$173.79k | 0.074% A$ 130.0k | |
| General Manager of Engineering | 9yrs | AU$252.65k | 0.030% A$ 52.4k | |
| GM of Flight Operations & Chief Pilot | 6.67yrs | AU$287.77k | 0.045% A$ 79.4k | |
| GM of Corporate Services & Company Secretary | 15.5yrs | AU$265.71k | no data | |
| General Manager of Human Factors | 3.17yrs | no data | no data |
7.8yrs
Average Tenure
Experienced Management: REX's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 17.75yrs | no data | 22.66% A$ 40.0m | |
| COO & Executive Director | 6.67yrs | AU$312.33k | 0.029% A$ 51.8k | |
| Group Flight Operations Advisor & Executive Director | 10yrs | AU$173.79k | 0.074% A$ 130.0k | |
| Non-Executive Director | 18.58yrs | AU$28.62k | 7.07% A$ 12.5m | |
| Independent Deputy Chairman | 15.92yrs | AU$125.34k | 0.30% A$ 524.9k | |
| Independent Director | 16.58yrs | AU$41.78k | 0.18% A$ 324.4k | |
| Independent Director | 10.33yrs | AU$36.56k | no data |
15.9yrs
Average Tenure
65yo
Average Age
Experienced Board: REX's board of directors are seasoned and experienced ( 15.9 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: CHIA
- Founded: 1953
- Industry: Airlines
- Sector: Transportation
- Market Cap: AU$176.423m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| REX | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Nov 2005 |
| REX | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Nov 2005 |
| R4L | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 07:33 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.