Nothing to dislike in this report.
# EBITDA margin >20%.
# Net profit margin 11%.
# ROE circa 30%.
# ROIC similarly at 30%.
# Not afraid to take on debt...Borrowing increased 44% ....Debt/Equity a reasonable 29%....Debt is a cheaper form of funding than equity raising.
# Increasing net asset backing YoY without resorting to equity raising.
# Cash flow +ve after stocking large inventories....Adjusting for increase in inventories , its cash flow would have been $4m.
# Sound balance sheet.
In short....A high quality , well run business punching well above its weight of a small capital base.
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What about Inventories?
RFT's working capital is largely comprised of inventories rather than liquid current assets ....this ,in a declining market, may raise concerns about liquidity....But there is no sign of declining demand in the EV charging infrastructure space.
I perceive stocking of inventories as a bullish sign for this market & these products.
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $9.673M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $9.174K | 1.310M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 4967888 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 3932252 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 4967888 | 0.006 |
10 | 2161109 | 0.005 |
3 | 1150000 | 0.004 |
3 | 1148001 | 0.003 |
1 | 1000000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 3932252 | 11 |
0.009 | 1526933 | 6 |
0.010 | 343189 | 2 |
0.011 | 1359000 | 4 |
0.012 | 72003 | 2 |
Last trade - 11.47am 12/07/2024 (20 minute delay) ? |
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RFT (ASX) Chart |