REDOX LIMITED (RDX)
Share Price Analysis and Chart

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RDX - REDOX LIMITED

Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.55
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.21

17 Jul
2024

0.140

OPEN

$3.12

4.56%

HIGH

$3.21

176,803

LOW

$3.09

TARGET
$3.295 2.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AIM . ANN . ASB . CUP . DGL . KPG . QHL . SRV .
FNARENA'S MARKET CONSENSUS FORECASTS
RDX: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 15.4 18.0 xxx
DPS (cps) xxx 0.0 14.0 xxx
EPS Growth xxx - 8.3% 17.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 17.1 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx N/A 77.8% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/03 - ex-div 6c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 2020202120222023
EPS Basic xxxxxxxxx15.4
DPS All xxxxxxxxx0.0
Sales/Revenue xxxxxxxxx1,257.5 M
Book Value Per Share xxxxxxxxx44.7
Net Operating Cash Flow xxxxxxxxx134.7 M
Net Profit Margin xxxxxxxxx6.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2020202120222023
Return on Capital Employed xxxxxxxxx34.44 %
Return on Invested Capital xxxxxxxxx20.66 %
Return on Assets xxxxxxxxx13.24 %
Return on Equity xxxxxxxxx34.44 %
Return on Total Capital xxxxxxxxx28.06 %
Free Cash Flow ex dividends xxxxxxxxx49.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 2020202120222023
Short-Term Debt xxxxxxxxx53 M
Long Term Debt xxxxxxxxx165 M
Total Debt xxxxxxxxx218 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx35 M
Price To Book Value xxxxxxxxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2020202120222023
Capex xxxxxxxxx3.1 M
Capex % of Sales xxxxxxxxx0.25 %
Cost of Goods Sold xxxxxxxxx995 M
Selling, General & Admin. Exp & Other xxxxxxxxx129 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

01/07/2024

1

Buy

$3.45

7.48%

Many commodity and chemical price indices have now stabilised/plateaued after reverting from covid-induced highs, points out UBS, noting these indices are broad-based drivers of industrial and commodity chemicals.

Redox has continued to grow underlying volumes through FY24, giving the broker confidence revenue growth will rebound in FY25, once pricing headwinds dissipate,

The analyst doesn't consider Redox shares are expensive given an around -15% discount to the ASX Small Industrials. Also, the valuation is in line with the average of global chemical distribution peers.

The target rises to $3.45 from $2.90 on the broker's lower assumed weighted average cost of capital (WACC), and a lesser peer discount, as uncertainty associated with achieving the FY24 prospectus forecasts subsides.

FORECAST
UBS forecasts a full year FY24 EPS of 17.00 cents.
UBS forecasts a full year FY25 EPS of 19.00 cents.

RDX STOCK CHART