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Redbubble

OTCPK:RDBB.F
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RDBB.F
OTCPK
A$229M
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Redbubble Limited operates as an online marketplace that facilitates the sale and purchase of art and designs on a range of products between independent creatives and consumers. The last earnings update was 141 days ago. More info.


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  • Redbubble has significant price volatility in the past 3 months.
RDBB.F Share Price and Events
7 Day Returns
2.6%
OTCPK:RDBB.F
1.9%
US Online Retail
0.8%
US Market
1 Year Returns
-
OTCPK:RDBB.F
1.2%
US Online Retail
4.8%
US Market
RDBB.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Redbubble (RDBB.F) 2.6% -13.8% -35.3% - - -
US Online Retail 1.9% 6.8% 2.4% 1.2% 121.6% 222.2%
US Market 0.8% 4.3% 2.8% 4.8% 37.9% 43.5%
1 Year Return vs Industry and Market
  • No trading data on RDBB.F.
  • No trading data on RDBB.F.
Price Volatility
RDBB.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Redbubble 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 Redbubble 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 Redbubble.

OTCPK:RDBB.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
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:RDBB.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.635 (1 + (1- 30%) (0%))
1.426
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.426 * 5.96%)
11.23%

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

The calculations below outline how an intrinsic value for Redbubble 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:RDBB.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 11.23%)
2020 1.45 Analyst x2 1.30
2021 11.70 Analyst x1 9.46
2022 9.00 Analyst x1 6.54
2023 15.00 Analyst x1 9.80
2024 19.42 Est @ 29.44% 11.41
2025 23.58 Est @ 21.43% 12.45
2026 27.31 Est @ 15.82% 12.97
2027 30.55 Est @ 11.89% 13.04
2028 33.35 Est @ 9.14% 12.80
2029 35.75 Est @ 7.22% 12.34
Present value of next 10 years cash flows A$102.10
OTCPK:RDBB.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$35.75 × (1 + 2.73%) ÷ (11.23% – 2.73%)
A$432.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$432.25 ÷ (1 + 11.23%)10
A$149.15
OTCPK:RDBB.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$102.10 + A$149.15
A$251.25
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$251.25 / 254.10
A$0.99
OTCPK:RDBB.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:RDBB.F represents 0.66111x of ASX:RBL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.66111x
Value per Share
(Listing Adjusted, USD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 0.99 x 0.66111
$0.65
Value per share (USD) From above. $0.65
Current discount Discount to share price of $0.60
= -1 x ($0.60 - $0.65) / $0.65
9%

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

Current Discount
Amount off the current price Redbubble is available for.
Intrinsic value
9%
Share price is $0.595 vs Future cash flow value of $0.65368
Current Discount Checks
For Redbubble to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Redbubble's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Redbubble's share price is below the future cash flow value, but not 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 Redbubble's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Redbubble's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:RDBB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.05
ASX:RBL Share Price ** ASX (2019-07-15) in AUD A$0.9
United States of America Online Retail Industry PE Ratio Median Figure of 29 Publicly-Listed Online Retail Companies 34.26x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 18.01x

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

** Primary Listing of Redbubble.

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

= ASX:RBL Share Price ÷ EPS (both in AUD)

= 0.9 ÷ -0.05

-19.57x

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

  • Redbubble is loss making, we can't compare its value to the US Online Retail industry average.
  • Redbubble is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Redbubble's expected growth come at a high price?
Raw Data
OTCPK:RDBB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -19.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
72.8%per year
United States of America Online Retail Industry PEG Ratio Median Figure of 23 Publicly-Listed Online Retail Companies 2.25x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.59x

*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 Redbubble, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Redbubble's assets?
Raw Data
OTCPK:RDBB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.34
ASX:RBL Share Price * ASX (2019-07-15) in AUD A$0.9
United States of America Online Retail Industry PB Ratio Median Figure of 65 Publicly-Listed Online Retail Companies 2.95x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
OTCPK:RDBB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:RBL Share Price ÷ Book Value per Share (both in AUD)

= 0.9 ÷ 0.34

2.69x

* Primary Listing of Redbubble.

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

  • Redbubble is good value based on assets compared to the US Online Retail industry average.
X
Value checks
We assess Redbubble'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 Online Retail 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 Online Retail industry average (and greater than 0)? (1 check)
  5. Redbubble has a total score of 1/6, 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.

Future Performance

 How is Redbubble expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
72.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Redbubble expected to grow at an attractive rate?
  • Redbubble's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Redbubble's earnings growth is expected to exceed the United States of America market average.
  • Redbubble's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:RDBB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:RDBB.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 72.8%
OTCPK:RDBB.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 20.8%
United States of America Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 26.2%
United States of America Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 16.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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:RDBB.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:RDBB.F Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 604 14 1
2022-06-30 492 8 1
2021-06-30 394 22 5 3
2020-06-30 326 13 -2 3
2019-06-30 257 7 -10 3
OTCPK:RDBB.F Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 231 8 -10
2018-09-30 207 5 -10
2018-06-30 183 2 -10
2018-03-31 193 6 -9
2017-12-31 184 10 -7
2017-09-30 163 3 -7
2017-06-30 141 -4 -8
2017-03-31 136 -5 -10
2016-12-31 131 -5 -12
2016-09-30 123 -5 -16
2016-06-30 115 -5 -20
2016-03-31 106 -1 -18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Redbubble's earnings are expected to grow significantly at over 20% yearly.
  • Redbubble's revenue is expected to grow significantly at over 20% yearly.
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:RDBB.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Redbubble Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RDBB.F Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.02 0.02 0.02 1.00
2020-06-30 -0.01 0.00 -0.01 2.00
2019-06-30 -0.04 -0.04 -0.04 1.00
OTCPK:RDBB.F Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.05
2018-09-30 -0.05
2018-06-30 -0.05
2018-03-31 -0.04
2017-12-31 -0.03
2017-09-30 -0.04
2017-06-30 -0.04
2017-03-31 -0.05
2016-12-31 -0.07
2016-09-30 -0.10
2016-06-30 -0.13
2016-03-31 -0.12

*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.
  • Redbubble is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Redbubble'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.
Redbubble has a total score of 5/6, 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.

Past Performance

  How has Redbubble 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 Redbubble's growth in the last year to its industry (Online Retail).
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.
  • Redbubble does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Redbubble's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Redbubble's 1-year growth to the US Online Retail industry average as it is not currently profitable.
Earnings and Revenue History
Redbubble'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 Redbubble Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RDBB.F Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 231.42 -9.92 46.00
2018-09-30 207.09 -9.99 41.15
2018-06-30 182.77 -10.06 36.29
2018-03-31 193.40 -8.56 34.15
2017-12-31 184.29 -7.06 32.01
2017-09-30 162.63 -7.31 29.97
2017-06-30 140.96 -7.56 27.92
2017-03-31 135.97 -9.77 27.28
2016-12-31 130.97 -11.99 26.65
2016-09-30 122.78 -15.90 25.60
2016-06-30 114.58 -19.82 24.55
2016-03-31 105.80 -17.92 21.99
2015-12-31 97.03 -16.02 19.44
2015-09-30 84.05 -11.14 17.37
2015-06-30 71.07 -6.27 15.31
2014-06-30 48.56 2.74 7.83
2013-06-30 27.47 -0.13 4.96

*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.
  • It is difficult to establish if Redbubble has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Redbubble has efficiently used its assets last year compared to the US Online Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Redbubble 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 Redbubble'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 Online Retail 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.
Redbubble 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.

Health

 How is Redbubble'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 Redbubble's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Redbubble is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Redbubble's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Redbubble'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.
  • Redbubble 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 Redbubble Company Filings, last reported 6 months ago.

OTCPK:RDBB.F Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 85.17 0.00 58.93
2018-09-30 85.17 0.00 58.93
2018-06-30 26.75 0.00 21.41
2018-03-31 26.75 0.00 21.41
2017-12-31 32.92 0.00 46.48
2017-09-30 32.92 0.00 46.48
2017-06-30 33.65 0.00 27.94
2017-03-31 33.65 0.00 27.94
2016-12-31 37.69 0.00 44.90
2016-09-30 37.69 0.00 44.90
2016-06-30 38.98 0.00 42.02
2016-03-31 38.98 0.00 42.02
2015-12-31 -10.56 15.63 19.89
2015-09-30 -10.56 15.63 19.89
2015-06-30 -0.76 15.17 13.97
2014-06-30 4.53 0.00 4.62
2013-06-30 -0.40 0.00 2.13
  • Redbubble has no debt.
  • Redbubble had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Redbubble has sufficient cash runway for more than 3 years based on current free cash flow.
  • Redbubble has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -39% each year.
X
Financial health checks
We assess Redbubble'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. Redbubble 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.

Dividends

 What is Redbubble'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 Redbubble dividends. Estimated to be 0% next year.
If you bought $2,000 of Redbubble 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 Redbubble's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Redbubble'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:RDBB.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 3 Analyst Estimates (S&P Global) See Below
Global Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2018 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 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:RDBB.F Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.00 1.00
2022-06-30 0.00 1.00
2021-06-30 0.00 2.00
2020-06-30 0.00 2.00
2019-06-30 0.00 2.00

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

  • Unable to perform a dividend volatility check as Redbubble has not reported any payouts.
  • Unable to verify if Redbubble's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Redbubble's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Redbubble has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Redbubble's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Redbubble'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 Redbubble afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Redbubble 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.

Management

 What is the CEO of Redbubble'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
Barry Newstead
COMPENSATION A$928,643
TENURE AS CEO 0.9 years
CEO Bio

Mr. Barry Newstead has been the Chief Executive Officer, Managing Director and Director of Redbubble Limited since August 1, 2018. He served as the Chief Operating Officer of Redbubble Limited until August 1, 2018. He is a Board Member at the Foundation for Young Australians. Mr. Newstead served as the Chief Global Program Officer and Member of the Advisory Board at Wikimedia Foundation, Inc. He joined Redbubble in 2013. He served as a Partner of San Francisco Office of The Bridgespan Group, Inc. Mr. Newstead served as Manager of San Francisco office of The Bridgespan Group, Inc. He spent 14 years as a Strategy Consultant, starting his career at the Boston Consulting Group. He served as Manager at The Boston Consulting Group in New York, Toronto and South East Asia over eight years. He led engagements on strategy, operations and change management in the private, public and nonprofit sectors. His other nonprofit activities include: advisor to the Executive Director of Management Leadership for Tomorrow, an organization that supports minority advancement in business; work with the Massachusetts Renewable Energy Trust; and consulting to the National Commission on Energy Policy. Mr. Newstead received his Masters in Public Policy from Harvard University's John F. Kennedy School of Government and his BA in Business Administration from the Ivey Business School.

CEO Compensation
  • Barry's compensation has increased whilst company is loss making.
  • Barry's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Redbubble management team in years:

1.8
Average Tenure
  • The average tenure for the Redbubble management team is less than 2 years, this suggests a new team.
Management Team

Barry Newstead

TITLE
MD, CEO & Director
COMPENSATION
A$929K
TENURE
0.9 yrs

Corina Davis

TITLE
Executive VP of Business Development

Vanessa Freeman

TITLE
Chief People & Culture Officer
TENURE
3.9 yrs

Emma Clark

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Arnaud Deshais

TITLE
Senior Vice President of Global Operations

Louise Lambeth

TITLE
Head of Investor Relations

Jorie Waterman

TITLE
Chief Marketing Officer
TENURE
1.8 yrs

Nick Kenn

TITLE
Chief Product Officer

Eric Morse

TITLE
Senior VP of Content Partnerships & GM of Global Licensing
TENURE
1.8 yrs

Paul Gordon

TITLE
Regional Counsel & Company Secretary (Australia)
Board of Directors Tenure

Average tenure and age of the Redbubble board of directors in years:

1.4
Average Tenure
60
Average Age
  • The average tenure for the Redbubble board of directors is less than 3 years, this suggests a new board.
Board of Directors

Richard Cawsey

TITLE
Chair of the Board
COMPENSATION
A$167K
AGE
60

Barry Newstead

TITLE
MD, CEO & Director
COMPENSATION
A$929K
TENURE
0.9 yrs

Grant Murdoch

TITLE
Independent Non-Executive Director
COMPENSATION
A$102K
AGE
67
TENURE
3.5 yrs

Anne Ward

TITLE
Independent Non-Executive Director
COMPENSATION
A$28K
AGE
59
TENURE
1.3 yrs

Greg Lockwood

TITLE
Independent Non-Executive Director
TENURE
4.1 yrs

Martin Hosking

TITLE
Non-Executive Director
COMPENSATION
A$1M

Jenny MacDonald

TITLE
Independent Non-Executive Director
COMPENSATION
A$33K
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Jul 19 Buy Perennial Value Management Limited Company 28. Jun 19 28. Jun 19 125,736 $0.62 $78,302
27. May 19 Sell Perennial Value Management Limited Company 23. May 19 23. May 19 -1,007,130 $0.73 $-730,884
19. May 19 Buy Osmium Partners, LLC Company 29. Mar 19 15. May 19 2,665,233 $0.74 $1,942,178
03. May 19 Sell Perennial Value Management Limited Company 22. Feb 19 18. Apr 19 -3,767,411 $0.75 $-2,817,812
03. May 19 Buy Perennial Value Management Limited Company 12. Feb 19 30. Apr 19 2,807,824 $0.67 $1,879,765
31. Mar 19 Buy Osmium Partners, LLC Company 29. Jan 19 28. Mar 19 2,875,597 $0.75 $2,137,641
01. Apr 19 Sell Perennial Value Management Limited Company 22. Feb 19 28. Mar 19 -3,064,636 $0.83 $-2,287,695
01. Apr 19 Buy Perennial Value Management Limited Company 15. Feb 19 07. Mar 19 144,329 $0.71 $101,160
18. Feb 19 Sell Perennial Value Management Limited Company 07. Jan 19 10. Jan 19 -432,164 $0.67 $-274,598
18. Feb 19 Buy Perennial Value Management Limited Company 18. Dec 18 14. Feb 19 2,955,025 $0.72 $1,944,519
25. Jan 19 Buy Osmium Partners, LLC Company 27. Nov 18 23. Jan 19 3,747,270 $0.69 $2,486,228
28. Dec 18 Buy Jennifer MacDonald Individual 28. Dec 18 28. Dec 18 15,000 $0.63 $9,403
18. Dec 18 Buy Perennial Value Management Limited Company 18. Sep 18 14. Dec 18 12,526,081 $0.71 $8,888,294
20. Dec 18 Buy Anne Ward Individual 20. Dec 18 20. Dec 18 100,000 $0.62 $62,007
29. Nov 18 Buy Jennifer MacDonald Individual 29. Nov 18 29. Nov 18 20,000 $0.73 $14,621
21. Nov 18 Buy Grant Murdoch Individual 21. Nov 18 21. Nov 18 15,784 $1.09 $17,221
21. Nov 18 Buy Barry Newstead Individual 21. Nov 18 21. Nov 18 21,330 $1.09 $23,272
21. Nov 18 Buy Jennifer MacDonald Individual 21. Nov 18 21. Nov 18 1,539 $1.09 $1,679
21. Nov 18 Buy Martin Hosking Individual 21. Nov 18 21. Nov 18 2,000,000 $1.09 $2,182,136
11. Nov 18 Sell Osmium Partners, LLC Company 31. Aug 18 14. Sep 18 -274,086 $1.22 $-318,824
11. Nov 18 Buy Osmium Partners, LLC Company 22. Aug 18 19. Sep 18 17,260 $1.19 $20,497
03. Aug 18 Sell Osmium Partners, LLC Company 26. Jul 18 01. Aug 18 -1,970,000 $1.15 $-2,257,337
03. Aug 18 Buy Osmium Partners, LLC Company 22. Nov 17 01. Aug 18 1,397,301 $1.18 $1,419,345
X
Management checks
We assess Redbubble'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. Redbubble 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.

News

Simply Wall St News

Company Info

Description

Redbubble Limited operates as an online marketplace that facilitates the sale and purchase of art and designs on a range of products between independent creatives and consumers. The company provides an Internet based marketplace platform and associated logistics services to facilitate the sale of goods from artists to those who want to purchase goods bearing the artists’ designs. It enables 700,000 independent artists to sell their designs, including apparel, stationery, housewares, bags, wall art, and others. The company offers its services through its Website at Redbubble.com and three foreign language sites in Australia, the United States, the United Kingdom, and internationally. Redbubble Limited was founded in 2006 and is based in Melbourne, Australia.

Details
Name: Redbubble Limited
RDBB.F
Exchange: OTCPK
Founded: 2006
A$160,803,114
254,104,655
Website: http://www.redbubble.com
Address: Redbubble Limited
271 Collins Street,
Level 3,
Melbourne,
Victoria, 3000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX RBL Ordinary Shares Australian Securities Exchange AU AUD 16. May 2016
OTCPK RDBB.F Ordinary Shares Pink Sheets LLC US USD 16. May 2016
CHIA RBL Ordinary Shares Chi-X Australia AU AUD 16. May 2016
Number of employees
Current staff
Staff numbers
225
Redbubble employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 00:54
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/05/01
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.