Redflow Ltd

AU:RFX Australia Electrical Equipment & Parts
Market Cap
$15.87 Million
AU$25.64 Million AUD
Market Cap Rank
#27037 Global
#655 in Australia
Share Price
AU$0.10
Change (1 day)
+0.00%
52-Week Range
AU$0.10 - AU$0.10
All Time High
AU$6.22
Categories
Companies in Australia Electrical Equipment & Parts
About

RedFlow Limited develops, manufactures, and sells zinc-bromine flowing electrolyte batteries worldwide. It offers ZBM3 flow battery; quadpod and energy pods, scalable energy storage solutions; and battery management systems. The company's batteries are used in telecommunications, commercial and industrial, grid-scale, and residential applications. RedFlow Limited was founded in 2005 and is headqu… Read more

Redflow Ltd (RFX) - Net Assets

Latest net assets as of December 2023: AU$7.41 Million AUD

Based on the latest financial reports, Redflow Ltd (RFX) has net assets worth AU$7.41 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$16.87 Million) and total liabilities (AU$9.47 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$7.41 Million
% of Total Assets 43.89%
Annual Growth Rate 19.14%
5-Year Change -48.2%
10-Year Change -12.15%
Growth Volatility 807.31

Redflow Ltd - Net Assets Trend (2008–2023)

This chart illustrates how Redflow 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 Redflow Ltd (2008–2023)

The table below shows the annual net assets of Redflow Ltd from 2008 to 2023.

Year Net Assets Change
2023-06-30 AU$9.12 Million -6.80%
2022-06-30 AU$9.78 Million +9.53%
2021-06-30 AU$8.93 Million +5.39%
2020-06-30 AU$8.47 Million -51.85%
2019-06-30 AU$17.60 Million -15.34%
2018-06-30 AU$20.79 Million +1025.62%
2017-06-30 AU$1.85 Million -87.06%
2016-06-30 AU$14.27 Million -1.40%
2015-06-30 AU$14.47 Million +39.46%
2014-06-30 AU$10.38 Million +78.27%
2013-06-30 AU$5.82 Million -14.05%
2012-06-30 AU$6.77 Million -57.75%
2011-06-30 AU$16.03 Million -30.34%
2010-06-30 AU$23.01 Million +3127.96%
2009-06-30 AU$712.80K +8.16%
2008-06-30 AU$659.00K --

Equity Component Analysis

This analysis shows how different components contribute to Redflow 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 decreased by 15044488500.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2023)

Component Amount Percentage
Common Stock AU$153.71 Million 1686.25%
Other Comprehensive Income AU$5.85 Million 64.19%
Other Components AU$1.00 0.00%
Total Equity AU$9.12 Million 100.00%

Redflow Ltd Competitors by Market Cap

The table below lists competitors of Redflow Ltd ranked by their market capitalization.

Company Market Cap
Petra Energy Bhd
KLSE:5133
 		$14.09 Million
Alam Maritim Resources Bhd
KLSE:5115
 		$14.09 Million
Radiant Cash Management Services Limited
NSE:RADIANTCMS
 		$14.10 Million
Adrad Holdings Ltd
AU:AHL
 		$14.10 Million
ZJK Industrial Co., Ltd
NASDAQ:ZJK
 		$14.08 Million
AYER Holdings Bhd
KLSE:2305
 		$14.08 Million
Heritage Distilling Holding Company, Inc. Common Stock
NASDAQ:CASK
 		$14.08 Million
Daedong Steel Co. Ltd
KQ:048470
 		$14.08 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 9,780,060 to 9,115,415, a change of -664,645 (-6.8%).
  • Net loss of 13,664,049 reduced equity.
  • Dividend payments of 168,456 reduced retained earnings.
  • Share repurchases of 578,605 reduced equity.
  • New share issuances of 10,621,600 increased equity.
  • Other comprehensive income decreased equity by 7,593.
  • Other factors increased equity by 3,132,458.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income AU$-13.66 Million -149.9%
Dividends Paid AU$168.46K -1.85%
Share Repurchases AU$578.61K -6.35%
Share Issuances AU$10.62 Million +116.52%
Other Comprehensive Income AU$-7.59K -0.08%
Other Changes AU$3.13 Million +34.36%
Total Change AU$- -6.80%

Book Value vs Market Value Analysis

This analysis compares Redflow 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: 1.85x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 15.54x to 1.85x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2009-06-30 AU$0.01 AU$0.10 x
2010-06-30 AU$3.87 AU$0.10 x
2011-06-30 AU$2.39 AU$0.10 x
2012-06-30 AU$0.61 AU$0.10 x
2013-06-30 AU$0.35 AU$0.10 x
2014-06-30 AU$0.54 AU$0.10 x
2015-06-30 AU$0.49 AU$0.10 x
2016-06-30 AU$0.39 AU$0.10 x
2017-06-30 AU$0.04 AU$0.10 x
2018-06-30 AU$0.38 AU$0.10 x
2019-06-30 AU$0.24 AU$0.10 x
2020-06-30 AU$0.09 AU$0.10 x
2021-06-30 AU$0.08 AU$0.10 x
2022-06-30 AU$0.07 AU$0.10 x
2023-06-30 AU$0.05 AU$0.10 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Redflow 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): -149.90%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -1105.89%
  • • Asset Turnover: 0.09x
  • • Equity Multiplier: 1.53x
  • Recent ROE (-149.90%) is above the historical average (-167.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2009 -321.51% -357.98% 0.55x 1.63x AU$-2.36 Million
2011 -45.50% -402.05% 0.10x 1.16x AU$-8.90 Million
2012 -321.13% -822.47% 0.32x 1.23x AU$-22.42 Million
2013 -99.41% -591.74% 0.14x 1.18x AU$-6.37 Million
2014 -34.78% -2036.75% 0.01x 1.18x AU$-4.65 Million
2015 -85.07% -9456.42% 0.01x 1.28x AU$-13.76 Million
2016 -98.98% -1281.02% 0.06x 1.19x AU$-15.55 Million
2017 -699.38% -1001.65% 0.13x 5.55x AU$-13.10 Million
2018 -57.70% -694.13% 0.07x 1.17x AU$-14.07 Million
2019 -65.75% -1446.12% 0.04x 1.18x AU$-13.33 Million
2020 -118.24% -514.14% 0.18x 1.30x AU$-10.86 Million
2021 -106.90% -409.64% 0.14x 1.89x AU$-10.44 Million
2022 -135.45% -814.31% 0.10x 1.75x AU$-14.22 Million
2023 -149.90% -1105.89% 0.09x 1.53x AU$-14.58 Million

Industry Comparison

This section compares Redflow Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $8,862,300
  • Average return on equity (ROE) among peers: -63.69%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Redflow Ltd (RFX) AU$7.41 Million -321.51% 1.28x $14.09 Million
ChemX Materials Ltd (CMX) $6.69 Million -62.49% 0.19x $260.10K
Excelsior Capital Ltd (ECL) $7.08 Million 8.93% 0.88x $6.18 Million
FOS Capital Ltd (FOS) $6.92 Million 10.72% 0.59x $1.53 Million
PPK Group Ltd (PPK) $30.26 Million 5.95% 0.59x $9.39 Million
Rectifier Technologies Ltd (RFT) $1.95 Million -40.56% 1.87x $1.22 Million
SKS Technologies Group Ltd (SKS) $8.19 Million -19.48% 2.26x $163.73 Million
ZIMI Ltd (ZMM) $932.29K -348.91% 2.03x $1.04 Million