RESOURCE DEVELOPMENT GROUP LIMITED (RDG)
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RDG - RESOURCE DEVELOPMENT GROUP LIMITED

FNArena Sector : Mining Sector Contracting
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 5.25
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.037

19 Apr
2024

0.002

OPEN

$0.04

5.71%

HIGH

$0.04

116,254

LOW

$0.04

TARGET
$0.055 48.6% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
RDG: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 0.5 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 6.7 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx0.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx55.7 M
Book Value Per Share xxxxxxxxxxxxxxx3.7
Net Operating Cash Flow xxxxxxxxxxxxxxx9.2 M
Net Profit Margin xxxxxxxxxxxxxxx24.79 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx14.00 %
Return on Invested Capital xxxxxxxxxxxxxxx8.20 %
Return on Assets xxxxxxxxxxxxxxx6.73 %
Return on Equity xxxxxxxxxxxxxxx14.00 %
Return on Total Capital xxxxxxxxxxxxxxx9.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-19.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx95 M
Total Debt xxxxxxxxxxxxxxx97 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx4 M
Price To Book Value xxxxxxxxxxxxxxx1.45

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx27.5 M
Capex % of Sales xxxxxxxxxxxxxxx49.38 %
Cost of Goods Sold xxxxxxxxxxxxxxx36 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Bell Potter

04/03/2024

1

Buy

$0.055

48.65%

Resource Development reported group revenue up 135% year on year, with a miss to Bell Potter due to lower than expected revenue generated from the Onslow iron ore project contract.

Garnet sales grew to $7.5m (below the broker's $11.3m), up from $1.6m year on year, with production ramp-up to commercial rates ongoing.

Bell Potter views Lucky Bay reaching nameplate capacity by late FY25 as an important milestone for the company as it becomes an established miner, with growing expected earnings and cash flow to complement its mining services business.

Target falls to 5.5c from 6.8c, Buy retained,

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.52 cents.
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.56 cents.

RDG STOCK CHART