Rakon Limited, together with its subsidiaries, designs, manufactures, and sells frequency control products for various applications in Asia, North America, Europe, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$1.56|
|52 Week High||NZ$0.36|
|52 Week Low||NZ$1.68|
|1 Month Change||36.84%|
|3 Month Change||67.74%|
|1 Year Change||300.00%|
|3 Year Change||437.93%|
|5 Year Change||700.00%|
|Change since IPO||-33.90%|
Recent News & Updates
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Is Rakon (NZSE:RAK) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|RAK||NZ Electronic||NZ Market|
Return vs Industry: RAK exceeded the NZ Electronic industry which returned 54.1% over the past year.
Return vs Market: RAK exceeded the NZ Market which returned 2.1% over the past year.
Stable Share Price: RAK is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: RAK's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of NZ stocks.
About the Company
Rakon Limited, together with its subsidiaries, designs, manufactures, and sells frequency control products for various applications in Asia, North America, Europe, and internationally. The company provides crystal resonators, tuning fork crystals, space crystals, standard SMD crystals, crystal oscillators, voltage control crystal oscillators and clock oscillators, temperature compensated crystal oscillators, oven controlled crystal oscillators, and oven controlled surface acoustic wave (SAW) oscillators. It also offers a range of crystal filters, including bandpass filters, notch/stop band filters, linear phase or constant group delay filters, phase and/or amplitude matching filters, and monolithic filters; and frequency multipliers.
Rakon Fundamentals Summary
|RAK fundamental statistics|
Is RAK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RAK income statement (TTM)|
|Cost of Revenue||NZ$69.34m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.042|
|Net Profit Margin||7.51%|
How did RAK perform over the long term?See historical performance and comparison
Is Rakon 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: RAK (NZ$1.56) is trading below our estimate of fair value (NZ$7.32)
Significantly Below Fair Value: RAK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RAK is poor value based on its PE Ratio (36.7x) compared to the Oceanic Electronic industry average (31.3x).
PE vs Market: RAK is poor value based on its PE Ratio (36.7x) compared to the NZ market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RAK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RAK is good value based on its PB Ratio (3.4x) compared to the XO Electronic industry average (4.6x).
How is Rakon forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Rakon 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.
How has Rakon performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RAK has a large one-off gain of NZ$2.3M impacting its March 31 2021 financial results.
Growing Profit Margin: RAK's current net profit margins (7.5%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: RAK has become profitable over the past 5 years, growing earnings by 51% per year.
Accelerating Growth: RAK's earnings growth over the past year (142.2%) exceeds its 5-year average (51% per year).
Earnings vs Industry: RAK earnings growth over the past year (142.2%) underperformed the Electronic industry 142.2%.
Return on Equity
High ROE: RAK's Return on Equity (9.3%) is considered low.
How is Rakon's financial position?
Financial Position Analysis
Short Term Liabilities: RAK's short term assets (NZ$95.0M) exceed its short term liabilities (NZ$41.5M).
Long Term Liabilities: RAK's short term assets (NZ$95.0M) exceed its long term liabilities (NZ$8.9M).
Debt to Equity History and Analysis
Debt Level: RAK's debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: RAK's debt to equity ratio has reduced from 19.5% to 9.7% over the past 5 years.
Debt Coverage: RAK's debt is well covered by operating cash flow (200%).
Interest Coverage: RAK's interest payments on its debt are well covered by EBIT (6.4x coverage).
What is Rakon current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RAK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RAK'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 RAK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RAK'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 RAK's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brent Robinson (62 yo)
Mr. Brent John Robinson has been the Managing Director and Chief Executive Officer of Rakon Limited since 1986. Mr. Robinson serves as the Chief Technology Officer of Rakon Limited and served as its Presid...
Experienced Management: RAK's management team is considered experienced (3.4 years average tenure).
Experienced Board: RAK's board of directors are considered experienced (4.6 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 not been meaningfully diluted in the past year.
Rakon Limited's employee growth, exchange listings and data sources
- Name: Rakon Limited
- Ticker: RAK
- Exchange: NZSE
- Founded: 1967
- Industry: Electronic Components
- Sector: Tech
- Market Cap: NZ$354.061m
- Shares outstanding: 226.96m
- Website: https://www.rakon.com
Number of Employees
- Rakon Limited
- 8 Sylvia Park Road
- Mt Wellington
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 06:01|
|End of Day Share Price||2021/10/22 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.