Regional Express Holdings Ltd

AU:REX Australia Airlines
Market Cap
$39.97 Million
AU$64.55 Million AUD
Market Cap Rank
#22289 Global
#414 in Australia
Share Price
AU$0.57
Change (1 day)
+0.00%
52-Week Range
AU$0.57 - AU$0.57
All Time High
AU$2.28
Categories
Companies in Australia Airlines
About

Regional Express Holdings Limited engages in the air transportation of passengers and freight. The company operates through Regular Public Transport, Charter and Other, and Training segments. It provides fly in/fly out charter services; airfreight charter services; corporate jet charter services; and aeromedical transport services. The company also offers training programs to students and other a… Read more

Regional Express Holdings Ltd (REX) - Net Assets

Latest net assets as of December 2023: AU$156.38 Million AUD

Based on the latest financial reports, Regional Express Holdings Ltd (REX) has net assets worth AU$156.38 Million AUD as of December 2023.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$737.16 Million) and total liabilities (AU$580.78 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$156.38 Million
% of Total Assets 21.21%
Annual Growth Rate 30.94%
5-Year Change -21.4%
10-Year Change -14.62%
Growth Volatility 1156.32

Regional Express Holdings Ltd - Net Assets Trend (2004–2023)

This chart illustrates how Regional Express Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Regional Express Holdings Ltd (2004–2023)

The table below shows the annual net assets of Regional Express Holdings Ltd from 2004 to 2023.

Year Net Assets Change
2023-06-30 AU$161.45 Million +6.12%
2022-06-30 AU$152.15 Million -12.76%
2021-06-30 AU$174.41 Million +0.43%
2020-06-30 AU$173.66 Million -15.46%
2019-06-30 AU$205.42 Million +2.98%
2018-06-30 AU$199.48 Million +1.55%
2017-06-30 AU$196.44 Million +5.55%
2016-06-30 AU$186.11 Million -4.48%
2015-06-30 AU$194.84 Million +3.04%
2014-06-30 AU$189.10 Million +4.51%
2013-06-30 AU$180.94 Million +2.40%
2012-06-30 AU$176.70 Million +9.91%
2011-06-30 AU$160.77 Million +6.73%
2010-06-30 AU$150.62 Million +20.11%
2009-06-30 AU$125.41 Million +11.32%
2008-06-30 AU$112.65 Million +9.94%
2007-06-30 AU$102.47 Million +48.94%
2006-06-30 AU$68.80 Million +35.16%
2005-06-30 AU$50.90 Million +5185.57%
2004-06-30 AU$963.00K --

Equity Component Analysis

This analysis shows how different components contribute to Regional Express Holdings Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 6702200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2023)

Component Amount Percentage
Retained Earnings AU$67.02 Million 41.51%
Common Stock AU$75.62 Million 46.84%
Other Comprehensive Income AU$18.81 Million 11.65%
Total Equity AU$161.45 Million 100.00%

Regional Express Holdings Ltd Competitors by Market Cap

The table below lists competitors of Regional Express Holdings Ltd ranked by their market capitalization.

Company Market Cap
SCH Group Bhd
KLSE:0161
 		$39.97 Million
Envirosuite Limited
F:57P
 		$39.98 Million
Bixolon Co. Ltd
KQ:093190
 		$39.98 Million
FitLife Brands, Inc. Common Stock
NASDAQ:FTLF
 		$39.98 Million
DENARIUS METALS CORP.
F:T7C0
 		$39.94 Million
Lake Shore Bancorp Inc
NASDAQ:LSBK
 		$39.93 Million
Nanexa AB
ST:NANEXA
 		$39.92 Million
APEX International Financial Engineering Res & Tech Co Ltd
TWO:5210
 		$39.90 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Regional Express Holdings Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 152,149,000 to 161,454,000, a change of 9,305,000 (6.1%).
  • Net income of 14,362,000 contributed positively to equity growth.
  • Other comprehensive income decreased equity by 6,987,000.
  • Other factors increased equity by 1,930,000.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income AU$14.36 Million +8.9%
Other Comprehensive Income AU$-6.99 Million -4.33%
Other Changes AU$1.93 Million +1.2%
Total Change AU$- 6.12%

Book Value vs Market Value Analysis

This analysis compares Regional Express Holdings Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.78x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 1.28x to 0.78x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2005-06-30 AU$0.44 AU$0.57 x
2006-06-30 AU$0.67 AU$0.57 x
2007-06-30 AU$0.89 AU$0.57 x
2008-06-30 AU$0.94 AU$0.57 x
2009-06-30 AU$1.11 AU$0.57 x
2010-06-30 AU$1.36 AU$0.57 x
2011-06-30 AU$1.45 AU$0.57 x
2012-06-30 AU$1.60 AU$0.57 x
2013-06-30 AU$1.65 AU$0.57 x
2014-06-30 AU$1.72 AU$0.57 x
2015-06-30 AU$1.80 AU$0.57 x
2016-06-30 AU$1.72 AU$0.57 x
2017-06-30 AU$1.82 AU$0.57 x
2018-06-30 AU$1.85 AU$0.57 x
2019-06-30 AU$1.88 AU$0.57 x
2020-06-30 AU$1.59 AU$0.57 x
2021-06-30 AU$1.59 AU$0.57 x
2022-06-30 AU$1.37 AU$0.57 x
2023-06-30 AU$0.73 AU$0.57 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Regional Express Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 8.90%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.25%
  • • Asset Turnover: 0.98x
  • • Equity Multiplier: 4.04x
  • Recent ROE (8.90%) is below the historical average (12.59%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 103.84% 0.89% 3.33x 35.09x AU$903.70K
2005 22.23% 8.25% 1.76x 1.53x AU$6.22 Million
2006 22.86% 9.27% 1.69x 1.46x AU$8.84 Million
2007 22.52% 10.31% 1.42x 1.54x AU$12.83 Million
2008 21.61% 9.41% 1.57x 1.46x AU$13.08 Million
2009 18.33% 9.44% 1.43x 1.36x AU$10.44 Million
2010 16.35% 10.79% 1.04x 1.45x AU$9.56 Million
2011 10.94% 7.38% 1.00x 1.49x AU$1.52 Million
2012 14.43% 9.44% 1.04x 1.47x AU$7.83 Million
2013 7.75% 5.50% 0.98x 1.44x AU$-4.08 Million
2014 4.09% 3.15% 0.85x 1.53x AU$-11.19 Million
2015 3.42% 2.61% 0.91x 1.44x AU$-12.81 Million
2016 -5.14% -3.65% 0.97x 1.45x AU$-28.17 Million
2017 6.42% 4.50% 1.03x 1.39x AU$-7.02 Million
2018 8.48% 5.73% 1.07x 1.38x AU$-3.04 Million
2019 8.53% 5.53% 1.16x 1.33x AU$-3.02 Million
2020 -11.17% -7.49% 1.02x 1.46x AU$-36.76 Million
2021 -2.21% -2.30% 0.40x 2.40x AU$-21.30 Million
2022 -30.33% -16.29% 0.56x 3.34x AU$-61.36 Million
2023 8.90% 2.25% 0.98x 4.04x AU$-1.78 Million

Industry Comparison

This section compares Regional Express Holdings Ltd's net assets metrics with peer companies in the Airlines industry.

Industry Context

  • Industry: Airlines
  • Average net assets among peers: $-1,178,700,000
  • Average return on equity (ROE) among peers: 0.00%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Regional Express Holdings Ltd (REX) AU$156.38 Million 103.84% 3.71x $39.97 Million
Virgin Australia Holdings Ltd (VGN) $-1.18 Billion 0.00% 0.00x $338.59 Million