Range International Limited (RAN) AI Stock Analysis

• Market Cap: AU$5.36M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• Revenue Growth: 45.79%
• EPS Growth: 41.38%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): N/A
• Shares Outstanding: 1,785,113,800
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.12
• Price to Book (P/B): 3.30
• Price to Sales (P/S): 2.07
• P/FCF Ratio: -4.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$0.01 ▲(0.00% Upside)

The score is primarily held back by weak financial performance: declining revenue, persistent losses, depleted equity, and consistently negative operating/free cash flow. Low leverage is a partial stabilizer, but missing technical and valuation metrics limit the ability to identify offsetting positives.

Positive Factors

New Contracts

Securing new contracts with major clients like Yakult and Mayora strengthens Range International's market position and demonstrates demand for its recycled pallets, supporting long-term revenue growth.

Market Expansion

Entering the Indonesian pallet rental market with contracts from Nestlé and Sinar Mas highlights strategic growth and diversification, potentially stabilizing revenue streams over time.

Record Sales

Achieving record sales and improved margins in Q3 2025 indicates operational improvements and strong market demand, suggesting potential for sustained growth.

Negative Factors

Declining Revenue

A significant decline in revenue highlights challenges in maintaining consistent sales growth, which could impact long-term financial stability and market competitiveness.

Negative Cash Flow

Consistently negative cash flow indicates ongoing funding needs and limits strategic flexibility, posing a risk to the company's ability to invest in growth opportunities.

Eroded Equity

The significant erosion of equity reflects sustained losses, weakening the balance sheet and potentially limiting the company's ability to withstand financial pressures.

Range International Limited Business Overview & Revenue Model

Company Description

Range International Limited manufactures and sells plastic pallets made from recycled mixed waste plastic. The company also manufactures and sells plastic fencing, as well as retaining wall panels out of recycled plastic. It sells its in Indonesia, Australia, New Zealand, Thailand, the Philippines, and internationally. The company was founded in 2002 and is based in Sydney, Australia.

How the Company Makes Money

Range International Limited makes money primarily through the sale of its recycled plastic pallets. The company's revenue model is based on producing and distributing these pallets to a diverse range of industries that require efficient and cost-effective solutions for material handling and logistics. Key revenue streams include direct sales to large enterprises, partnerships with logistics and warehousing companies, and collaborations with sustainability-focused organizations. By leveraging its proprietary recycling technology, Range International is able to offer competitive pricing and appeal to businesses seeking to reduce their environmental footprint. Significant factors contributing to its earnings include growing demand for sustainable products and increasing global awareness of environmental issues.

Range International Limited Financial Statement Overview

Summary

Range International Limited faces significant financial challenges with persistent losses, negative cash flows, and shrinking revenues. Despite low debt, the company struggles with profitability and operational efficiency. There are substantial risks associated with its current financial trajectory, requiring strategic interventions to stabilize and improve its financial health.

Income Statement

Range International Limited has experienced declining revenue over several years, with a notable decrease from 2022 to 2023, and a slight increase in 2024. Gross and net profit margins are negative, indicating significant losses. EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and cost management challenges. The revenue growth is inconsistent, showing volatility and instability in its income streams.

Balance Sheet

The company has a healthy equity ratio, with stockholders' equity forming a significant portion of total assets. However, negative net income has led to poor return on equity. The company has no significant debt, which is a positive aspect, but its overall financial position is weakened by declining equity and asset base over the years.

Cash Flow

Range International Limited's cash flow situation is concerning, with negative operating and free cash flows indicating cash outflows in core business operations. Free cash flow growth is negative, suggesting persistent challenges in generating cash. The operating cash flow to net income ratio indicates inefficiencies in translating income into cash flow. The company’s ability to sustain operations without external financing is questionable.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.04M	1.68M	1.62M	2.86M	2.52M	1.84M
Gross Profit	529.94K	476.36K	279.91K	274.28K	-1.82M	-1.57M
EBITDA	-783.09K	-873.25K	-821.31K	-1.43M	-2.94M	-2.51M
Net Income	-1.03M	-1.43M	-1.86M	-2.87M	-4.27M	-3.87M
Balance Sheet
Total Assets	1.69M	2.33M	3.51M	7.83M	13.46M	11.82M
Cash, Cash Equivalents and Short-Term Investments	92.97K	335.54K	1.21M	286.78K	1.71M	635.53K
Total Debt	129.03K	0.00	7.08K	119.15K	782.58K	0.00
Total Liabilities	1.01M	1.28M	974.50K	1.60M	4.53M	4.24M
Stockholders Equity	676.39K	1.06M	2.53M	6.23M	8.92M	7.58M
Cash Flow
Free Cash Flow	-561.11K	-852.73K	-461.00K	-1.37M	-4.08M	-2.05M
Operating Cash Flow	-389.90K	-555.62K	-461.00K	-1.20M	-3.76M	-1.99M
Investing Cash Flow	-117.97K	-297.11K	1.49M	-188.79K	-233.00K	-44.00K
Financing Cash Flow	105.84K	-6.86K	-6.76K	-38.84K	3.72M	1.56M

Range International Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CG1	55 Neutral	AU$40.30M	-5.14	-67.76%	―	7.08%	33.70%
SPN	53 Neutral	AU$21.86M	-7.79	-63.81%	―	―	52.66%
RAN	46 Neutral	AU$5.36M	―	-89.90%	―	45.79%	41.38%
HCD	45 Neutral	AU$4.31M	―	―	―	―	―
DTZ	41 Neutral	AU$28.42M	-2.62	-869.14%	―	340.27%	19.44%
AJX	37 Underperform	€16.60M	-2.78	-263.52%	―	-32.85%	28.00%

Range International Limited Corporate Events

Range International’s Re>Pal Wins New Recycled-Pallet Contracts with Yakult, FKS and Mayora

Range International’s Indonesian subsidiary Re>Pal has secured new pallet supply contracts with Marubeni/Yakult, FKS Food and Mayora, underscoring rising demand for its recycled-plastic pallets from major FMCG and industrial customers. The agreement with Marubeni and Yakult will see Yakult’s own plastic packaging recycled into HDX 1210 CBL pallets worth about A$238,000 for use in its Indonesian operations, while contracts with FKS and Mayora are valued at approximately A$125,000 and A$170,000 respectively, all without material conditions attached. These wins demonstrate Re>Pal’s ability to convert client-specific plastic waste streams into heavy-duty pallets and separators that replace timber and plywood, strengthening its positioning as a circular-economy supplier and helping customers meet extended producer responsibility and sustainability targets.

Range International Secures First Indonesian Pallet Rental Orders

Range International Limited’s subsidiary, Re>Pal Indonesia, has secured its first Indonesian rental orders for 6,000 pallets, marking a significant step in the company’s growth strategy. The contracts with PT Nestlé Indonesia and PT. Sinar Mas Agro Resources and Technology TBK S highlight the company’s expansion into pallet rentals and the development of long-term partnerships with high-value clients. These agreements, valued at over A$220,000, not only strengthen Range’s market position but also validate the rental market opportunity as a crucial component of the company’s strategic initiatives.

Range International Announces Change in Substantial Holders

Range International Limited has announced that BT Portfolio Services Limited and JJ Bronson Jacobs Pty Ltd have ceased to be substantial holders in the company as of November 11, 2025. This change is attributed to the dilution of voting power following the issuance of new shares by Range International, impacting the company’s shareholder structure and potentially influencing its market positioning.

Range International Director Increases Stake

Range International Limited has announced a significant change in the director’s interest, with Richard Jenkins acquiring additional shares through entities he controls. This acquisition increases Jenkins’ indirect holdings, potentially strengthening his influence within the company and signaling confidence in its future prospects.

Range International Announces Director’s Significant Share Acquisition

Range International Limited has announced a significant change in the director’s interest in securities, specifically involving Neil Hector Macdonald. The company disclosed that Mr. Macdonald has acquired 25,000,000 Fully Paid Ordinary Shares through a Tranche 2 Placement and an additional 6,883,562 shares as CY25 Fee Shares, as approved by shareholders. This change reflects a strategic move that could impact the company’s market positioning and shareholder value.

Range International Limited Announces Director’s Interest Change

Range International Limited has announced a change in the director’s interest, specifically concerning Mark Andrew Skipper. The company issued 1,931,507 fully paid ordinary shares to Mr. Skipper, as approved by shareholders during an Extraordinary General Meeting. This change reflects an increase in Mr. Skipper’s indirect interest in the company, potentially impacting his influence over company decisions and signaling confidence in the company’s future prospects.

Director’s Interest Update at Range International Limited

Range International Limited has announced a change in the director’s interest, with Christopher Fong acquiring 11,472,603 fully paid ordinary shares. This change was approved during the company’s Extraordinary General Meeting, reflecting a strategic move to align the director’s interests with the company’s growth objectives.

Range International Limited Announces Quotation of New Securities on ASX

Range International Limited has announced the quotation of 648,823,500 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, and it is expected to enhance the company’s liquidity and market presence, potentially benefiting stakeholders by increasing the company’s visibility and access to capital.

Range International Limited Announces Cleansing Offer

Range International Limited has issued a prospectus for a Cleansing Offer to raise up to $20 through the sale of 10,000 shares at $0.002 each. This offer, primarily aimed at fulfilling section 708A(11) of the Corporations Act, is considered highly speculative. The prospectus emphasizes the importance of consulting professional advisors before investing and notes that the securities are continuously quoted, with the company subject to regular reporting and disclosure obligations. The prospectus also highlights the potential risks and uncertainties associated with forward-looking statements, and outlines restrictions for overseas shareholders.

Range International Passes All Resolutions at 2025 EGM

Range International Limited announced that all resolutions were passed at its 2025 Extraordinary General Meeting held in Sydney. The resolutions included the ratification and approval of various share placements and the issuance of shares in lieu of director fees, which were all decided by poll. This outcome supports the company’s strategic initiatives and potentially strengthens its financial position, impacting its operations and stakeholder interests positively.

Range International Achieves Record Sales in Q3 2025

Range International Limited announced a record sales revenue of IDR 11 billion for Q3 2025, marking its best-ever quarterly performance. The company achieved a 33% increase in revenue compared to Q2 2025 and a 55% rise over the 2024 quarterly average. Despite facing one-off operational expenses, the company maintained a positive gross margin of 28% and an operating margin of 5.5%. The strong sales pipeline for Q4 2025 suggests continued customer support, indicating a potential repeat of Q3’s success. The company has also made significant improvements in its production processes, enhancing its ability to grow EBITDA through increased sales.