RAK Stock Overview
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$1.77|
|52 Week High||NZ$2.27|
|52 Week Low||NZ$0.65|
|1 Month Change||-9.23%|
|3 Month Change||13.46%|
|1 Year Change||126.92%|
|3 Year Change||405.71%|
|5 Year Change||742.86%|
|Change since IPO||-25.00%|
Recent News & Updates
Should You Be Adding Rakon (NZSE:RAK) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
|RAK||NZ Electronic||NZ Market|
Return vs Industry: RAK exceeded the NZ Electronic industry which returned 28.7% over the past year.
Return vs Market: RAK exceeded the NZ Market which returned -11.4% over the past year.
|RAK Average Weekly Movement||6.5%|
|Electronic Industry Average Movement||7.1%|
|Market Average Movement||3.8%|
|10% most volatile stocks in NZ Market||6.5%|
|10% least volatile stocks in NZ Market||2.4%|
Stable Share Price: RAK is more volatile than 90% 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$78.84m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.11|
|Net Profit Margin||15.52%|
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?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RAK (NZ$1.77) is trading above our estimate of fair value (NZ$1.08)
Significantly Below Fair Value: RAK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RAK is poor value based on its PE Ratio (16.8x) compared to the Oceanic Electronic industry average (15.8x).
PE vs Market: RAK is good value based on its PE Ratio (16.8x) compared to the NZ market (17.6x).
Price to Earnings Growth Ratio
PEG Ratio: RAK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: RAK is good value based on its PB Ratio (3.3x) compared to the XO Electronic industry average (4.1x).
How is Rakon forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RAK's earnings are forecast to decline over the next 3 years (-8% per year).
Earnings vs Market: RAK's earnings are forecast to decline over the next 3 years (-8% per year).
High Growth Earnings: RAK's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RAK's revenue (6.5% per year) is forecast to grow faster than the NZ market (4.8% per year).
High Growth Revenue: RAK's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RAK's Return on Equity is forecast to be low in 3 years time (13.3%).
How has Rakon performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RAK has high quality earnings.
Growing Profit Margin: RAK's current net profit margins (15.5%) are higher than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: RAK has become profitable over the past 5 years, growing earnings by 56.7% per year.
Accelerating Growth: RAK's earnings growth over the past year (228.7%) exceeds its 5-year average (56.7% per year).
Earnings vs Industry: RAK earnings growth over the past year (228.7%) exceeded the Electronic industry 203.4%.
Return on Equity
High ROE: RAK's Return on Equity (19.8%) is considered low.
How is Rakon's financial position?
Financial Position Analysis
Short Term Liabilities: RAK's short term assets (NZ$116.7M) exceed its short term liabilities (NZ$32.6M).
Long Term Liabilities: RAK's short term assets (NZ$116.7M) exceed its long term liabilities (NZ$24.2M).
Debt to Equity History and Analysis
Debt Level: RAK has more cash than its total debt.
Reducing Debt: RAK's debt to equity ratio has reduced from 30.7% to 13.5% over the past 5 years.
Debt Coverage: RAK's debt is well covered by operating cash flow (101.9%).
Interest Coverage: RAK's interest payments on its debt are well covered by EBIT (10.9x coverage).
What is Rakon current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
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 (3.7 years average tenure).
Experienced Board: RAK's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RAK 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
- Implied Market Cap: NZ$401.723m
- 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||2022/01/22 06:01|
|End of Day Share Price||2022/01/21 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.