RESOURCE DEVELOPMENT GROUP LIMITED (RDG)
Share Price Analysis and Chart

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RDG - RESOURCE DEVELOPMENT GROUP LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 4.29
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.02

14 Jan
2025

0.001

OPEN

$0.02

5.26%

HIGH

$0.02

0

LOW

$0.02

TARGET
$0.027 35.0% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
RDG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 0.6 0.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 25.0% - 23.3% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 4.3 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx0.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx136.2 M
Book Value Per Share xxxxxxxxxxxxxxx4.5
Net Operating Cash Flow xxxxxxxxxxxxxxx33.4 M
Net Profit Margin xxxxxxxxxxxxxxx12.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx14.49 %
Return on Invested Capital xxxxxxxxxxxxxxx7.64 %
Return on Assets xxxxxxxxxxxxxxx5.90 %
Return on Equity xxxxxxxxxxxxxxx14.49 %
Return on Total Capital xxxxxxxxxxxxxxx11.19 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx8.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx120 M
Total Debt xxxxxxxxxxxxxxx122 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx8 M
Price To Book Value xxxxxxxxxxxxxxx0.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx25.5 M
Capex % of Sales xxxxxxxxxxxxxxx18.74 %
Cost of Goods Sold xxxxxxxxxxxxxxx96 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx15 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

09/12/2024

3

Downgrade to Hold from Buy

$0.027

35.00%

Bell Potter lowers its target for Resource Development to 2.7c from 3.4c and downgrades the rating to Hold from Buy. The broker's forecasts now factor in a 12% WACC, up from 11%, and a one-year delay in the production ramp-up for the Lucky Bay expansion project.

The broker expresses caution regarding management's ability to service borrowings while pursuing growth opportunities across upstream and downstream manganese assets and the red mud pilot plant.

As of June 30, Resource Development had drawn $117.1m of its $125m secured loan with Mineral Resources ((MIN)), which holds a 64.3% stake.

Governance issues at Mineral Resources have recently weighed on Resource Development's share price, according to the broker.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.46 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.03 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

RDG STOCK CHART

FNArena News on RDG

1
Weekly Ratings, Targets, Forecast Changes – 13-12-24

Dec 16 2024 - Weekly Reports
2
FNArena Corporate Results Monitor – 03-09-2024

Sep 03 2024 - Australia
3
FNArena Corporate Results Monitor – 04-03-2024

Mar 04 2024 - Australia
4
FNArena Corporate Results Monitor – 04-09-2023

Sep 04 2023 - Australia
5
Australian Broker Call *Extra* Edition – Mar 15, 2023

Mar 15 2023 - Daily Market Reports

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