Loading...

Randgold & Exploration

OTCPK:RNDX.F
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RNDX.F
OTCPK
ZAR115M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

Randgold & Exploration Company Limited, an investment holding company, operates in the mining industry in South Africa. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
RNDX.F Share Price and Events
7 Day Returns
0%
OTCPK:RNDX.F
-2.2%
US Metals and Mining
0.4%
US Market
1 Year Returns
-
OTCPK:RNDX.F
-20.4%
US Metals and Mining
6.8%
US Market
RNDX.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Randgold & Exploration (RNDX.F) 0% 0% - - -46.1% -37.4%
US Metals and Mining -2.2% 3.3% 12.1% -20.4% 21.3% -9.5%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • No trading data on RNDX.F.
  • No trading data on RNDX.F.
Price Volatility
RNDX.F
Industry
5yr Volatility vs Market

RNDX.F Value

 Is Randgold & Exploration undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Randgold & Exploration to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Randgold & Exploration.

OTCPK:RNDX.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:RNDX.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.043 (1 + (1- 28%) (0%))
1.029
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.029 * 5.96%)
8.86%

Discounted Cash Flow Calculation for OTCPK:RNDX.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Randgold & Exploration is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:RNDX.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ZAR, Millions) Source Present Value
Discounted (@ 8.86%)
2019 24.53 Est @ 68.3% 22.53
2020 36.46 Est @ 48.63% 30.76
2021 49.17 Est @ 34.86% 38.11
2022 61.57 Est @ 25.22% 43.84
2023 72.94 Est @ 18.47% 47.71
2024 82.97 Est @ 13.75% 49.85
2025 91.64 Est @ 10.44% 50.57
2026 99.09 Est @ 8.13% 50.23
2027 105.54 Est @ 6.51% 49.15
2028 111.21 Est @ 5.38% 47.57
Present value of next 10 years cash flows ZAR430.33
OTCPK:RNDX.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ZAR111.21 × (1 + 2.73%) ÷ (8.86% – 2.73%)
ZAR1,862.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ZAR1,862.93 ÷ (1 + 8.86%)10
ZAR796.89
OTCPK:RNDX.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ZAR430.33 + ZAR796.89
ZAR1,227.22
Equity Value per Share
(ZAR)
= Total value / Shares Outstanding
= ZAR1,227.22 / 71.59
ZAR17.14
OTCPK:RNDX.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:RNDX.F represents 0.06062x of JSE:RNG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.06062x
Value per Share
(Listing Adjusted, USD)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 17.14 x 0.06062
$1.04
Value per share (USD) From above. $1.04
Current discount Discount to share price of $0.10
= -1 x ($0.10 - $1.04) / $1.04
90.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Randgold & Exploration is available for.
Intrinsic value
>50%
Share price is $0.1 vs Future cash flow value of $1.04
Current Discount Checks
For Randgold & Exploration to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Randgold & Exploration's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Randgold & Exploration's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Randgold & Exploration's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Randgold & Exploration's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:RNDX.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in ZAR ZAR0.05
JSE:RNG Share Price ** JSE (2019-01-30) in ZAR ZAR1.6
United States of America Metals and Mining Industry PE Ratio Median Figure of 43 Publicly-Listed Metals and Mining Companies 9.2x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Randgold & Exploration.

OTCPK:RNDX.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:RNG Share Price ÷ EPS (both in ZAR)

= 1.6 ÷ 0.05

33.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Randgold & Exploration is overvalued based on earnings compared to the US Metals and Mining industry average.
  • Randgold & Exploration is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Randgold & Exploration's expected growth come at a high price?
Raw Data
OTCPK:RNDX.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Metals and Mining Industry PEG Ratio Median Figure of 24 Publicly-Listed Metals and Mining Companies 0.68x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Randgold & Exploration, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Randgold & Exploration's assets?
Raw Data
OTCPK:RNDX.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in ZAR ZAR2.19
JSE:RNG Share Price * JSE (2019-01-30) in ZAR ZAR1.6
United States of America Metals and Mining Industry PB Ratio Median Figure of 99 Publicly-Listed Metals and Mining Companies 1.49x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
OTCPK:RNDX.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:RNG Share Price ÷ Book Value per Share (both in ZAR)

= 1.6 ÷ 2.19

0.73x

* Primary Listing of Randgold & Exploration.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Randgold & Exploration is good value based on assets compared to the US Metals and Mining industry average.
X
Value checks
We assess Randgold & Exploration's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Randgold & Exploration has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RNDX.F Future Performance

 How is Randgold & Exploration expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Randgold & Exploration 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.7%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Randgold & Exploration expected to grow at an attractive rate?
  • Unable to compare Randgold & Exploration's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Randgold & Exploration's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Randgold & Exploration's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:RNDX.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:RNDX.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:RNDX.F Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2018-12-31 1 0 3
2018-09-30 1 -9 -1
2018-06-30 1 -17 -5
2018-03-31 0 -18 -6
2017-12-31 0 -20 -7
2017-09-30 0 -16 -10
2017-06-30 0 -12 -13
2017-03-31 0 -9 -11
2016-12-31 -6 -9
2016-09-30 0 -5 -5
2016-06-30 -1 -5 -2
2016-03-31 0 -2 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Randgold & Exploration is high growth as no earnings estimate data is available.
  • Unable to determine if Randgold & Exploration is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:RNDX.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Randgold & Exploration Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RNDX.F Past Financials Data
Date (Data in ZAR Millions) EPS *
2018-12-31 0.05
2018-09-30 -0.01
2018-06-30 -0.07
2018-03-31 -0.08
2017-12-31 -0.10
2017-09-30 -0.14
2017-06-30 -0.19
2017-03-31 -0.15
2016-12-31 -0.12
2016-09-30 -0.07
2016-06-30 -0.02
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Randgold & Exploration will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Randgold & Exploration is trading at Randgold & Exploration'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Randgold & Exploration's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Randgold & Exploration's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Randgold & Exploration's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Randgold & Exploration has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RNDX.F Past Performance

  How has Randgold & Exploration performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Randgold & Exploration's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Randgold & Exploration's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Randgold & Exploration has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Randgold & Exploration has become profitable in the last year making it difficult to compare the US Metals and Mining industry average.
Earnings and Revenue History
Randgold & Exploration's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Randgold & Exploration Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RNDX.F Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.60 3.45 6.91
2018-09-30 0.57 -0.61 6.81
2018-06-30 0.54 -4.67 6.71
2018-03-31 0.35 -5.84 6.71
2017-12-31 0.15 -7.02 6.71
2017-09-30 -0.07 -10.16 6.58
2017-06-30 -0.29 -13.30 6.44
2017-03-31 -0.15 -10.99 6.44
2016-12-31 -8.67 6.44
2016-09-30 -0.46 -5.13 6.50
2016-06-30 -0.92 -1.59 6.55
2016-03-31 -0.27 1.68 6.55
2015-12-31 0.37 4.95 6.55
2015-09-30 0.98 -5.27 11.21
2015-06-30 1.59 -15.48 15.87
2015-03-31 0.86 60.48 15.87
2014-12-31 0.12 136.45 15.87
2014-09-30 0.51 139.56 11.29
2014-06-30 0.89 142.67 6.71
2014-03-31 2.00 74.82 6.71
2013-12-31 3.10 6.96 6.71
2013-09-30 6.08 11.91 8.43
2013-06-30 9.05 16.86 10.15
2013-03-31 8.83 13.01 10.15
2012-12-31 8.62 9.16 10.15
2012-09-30 -19.56 5.18 13.25
2012-06-30 -47.75 1.19 16.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Randgold & Exploration has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Randgold & Exploration has efficiently used its assets last year compared to the US Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Randgold & Exploration improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Randgold & Exploration's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Randgold & Exploration has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RNDX.F Health

 How is Randgold & Exploration's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Randgold & Exploration's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Randgold & Exploration is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Randgold & Exploration's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Randgold & Exploration's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Randgold & Exploration has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Randgold & Exploration Company Filings, last reported 3 months ago.

OTCPK:RNDX.F Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 156.54 0.00 168.20
2018-09-30 156.54 0.00 168.20
2018-06-30 144.79 0.00 157.57
2018-03-31 144.79 0.00 157.57
2017-12-31 152.72 0.00 166.58
2017-09-30 152.72 0.00 166.58
2017-06-30 148.73 0.00 165.13
2017-03-31 148.73 0.00 165.13
2016-12-31 159.78 0.00 176.72
2016-09-30 159.78 0.00 176.72
2016-06-30 162.34 0.00 177.11
2016-03-31 162.34 0.00 177.11
2015-12-31 167.76 0.00 181.64
2015-09-30 167.76 0.00 181.64
2015-06-30 162.58 0.00 177.31
2015-03-31 162.58 0.00 177.31
2014-12-31 162.40 0.00 176.21
2014-09-30 162.40 0.00 176.21
2014-06-30 178.80 0.00 354.32
2014-03-31 178.80 0.00 354.32
2013-12-31 186.91 0.00 202.33
2013-09-30 186.91 0.00 202.33
2013-06-30 192.43 0.00 232.37
2013-03-31 192.43 0.00 232.37
2012-12-31 175.88 0.00 215.81
2012-09-30 175.88 0.00 215.81
2012-06-30 177.88 0.00 216.96
  • Randgold & Exploration has no debt.
  • Randgold & Exploration has not taken on any debt in the past 5 years.
  • Randgold & Exploration has no debt, it does not need to be covered by operating cash flow.
  • Randgold & Exploration has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Randgold & Exploration's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Randgold & Exploration has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RNDX.F Dividends

 What is Randgold & Exploration's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Randgold & Exploration dividends.
If you bought $2,000 of Randgold & Exploration shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Randgold & Exploration's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Randgold & Exploration's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:RNDX.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:RNDX.F Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2012-08-17 0.000 0.000
2012-03-30 0.000 0.000
2012-03-29 0.000 0.000
2011-08-03 0.000 0.000
2011-03-10 8.900 334.894
2010-08-04 22.020 445.645

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Randgold & Exploration has not reported any payouts.
  • Unable to verify if Randgold & Exploration's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Randgold & Exploration's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Randgold & Exploration has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Randgold & Exploration's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Randgold & Exploration afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Randgold & Exploration has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RNDX.F Management

 What is the CEO of Randgold & Exploration's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Marais Steyn
COMPENSATION ZAR2,551,000
AGE 46
TENURE AS CEO 12.3 years
CEO Bio

Mr. Marais Steyn, BComm (Hons), CA(SA) has been the Chief Executive Officer of Randgold & Exploration Co. Ltd. since July 2008 and serves as its Executive Director and has been its Financial Director since February 27, 2019. Mr. Steyn was Financial Director of Randgold & Exploration Co. Ltd. since December 13, 2006. He was appointed as a Manager in the audit and management consulting departments at KPMG. Subsequently, He managed and founded an auditing and corporate advisory firm serving the needs of various major corporations and parastatals. Prior to his appointment to the board of R&E, He served as Financial Director of Aflease Limited, a JSE-listed gold and uraniu mmining company.

CEO Compensation
  • Marais's compensation has increased in line with Randgold & Exploration recently becoming profitable.
  • Marais's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Marais Steyn

TITLE
CEO, Financial Director & Director
COMPENSATION
ZAR3M
AGE
46
TENURE
12.3 yrs

Mandrie Steyn

TITLE
Group Financial Manager & Assistant Company Secretary
Board of Directors Tenure

Average tenure and age of the Randgold & Exploration board of directors in years:

9.2
Average Tenure
52
Average Age
  • The tenure for the Randgold & Exploration board of directors is about average.
Board of Directors

David Kovarsky

TITLE
Independent Non-Executive Chairman
COMPENSATION
ZAR500K
AGE
70
TENURE
11.3 yrs

Marais Steyn

TITLE
CEO, Financial Director & Director
COMPENSATION
ZAR3M
AGE
46
TENURE
12.3 yrs

John Scholes

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR312K
AGE
52
TENURE
9.2 yrs

Van Botha

TITLE
Non-Executive Director
COMPENSATION
ZAR1M
AGE
38
TENURE
8.9 yrs

Patrick Burton

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR312K
AGE
65
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Randgold & Exploration's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Randgold & Exploration has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RNDX.F News

Simply Wall St News

RNDX.F Company Info

Description

Randgold & Exploration Company Limited, an investment holding company, operates in the mining industry in South Africa. The company was founded in 1992 and is based in Sandton, South Africa.

Details
Name: Randgold & Exploration Company Limited
RNDX.F
Exchange: OTCPK
Founded: 1992
ZAR8,132,022
71,585,172
Website: http://www.randgoldexp.co.za
Address: Randgold & Exploration Company Limited
Katherine & West Building,
Third Floor,
Sandton,
Gauteng, 2196,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE RNG Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 09. Feb 1993
OTCPK RNDX.F Ordinary Shares Pink Sheets LLC US USD 09. Feb 1993
Number of employees
Current staff
Staff numbers
0
Randgold & Exploration employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/16 23:54
End of day share price update: 2019/01/30 00:00
Last earnings filing: 2019/03/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.