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Resource Development Group Limited (AU:RDG)
ASX:RDG
Australian Market
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Resource Development Group Limited (RDG) AI Stock Analysis

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AU:RDG

Resource Development Group Limited

(Sydney:RDG)

Rating:67Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Resource Development Group Limited has a strong financial foundation with impressive revenue and profit growth, which is the most significant factor influencing the score. However, technical indicators suggest bearish momentum, which negatively impacts the stock’s attractiveness. The valuation appears favorable due to the low P/E ratio, but the lack of a dividend yield might be a downside for some investors.

Resource Development Group Limited (RDG) vs. iShares MSCI Australia ETF (EWA)

Resource Development Group Limited Business Overview & Revenue Model

Company DescriptionResource Development Group Limited provides contracting, remedial, and construction services to the resource, infrastructure, energy, government, utilities, and defense sectors in Australia. The company offers multi-disciplinary construction and remedial services, such as civil, SMPT, E&I, and non-process infrastructure building works; ancillary and protective maintenance services; EPCM, PMC, or integrated team project delivery solutions; EPC project delivery solutions; design and construct package delivery solutions; and optimizing services comprising debottlenecking existing operations. It also holds interest in the Ant Hill and Sunday Hill manganese project; the Lucky Bay Garnet project and associated power infrastructure project, including seven wind turbines; and offers construction and plant modification services. The company was incorporated in 2011 and is headquartered in Perth, Australia. Resource Development Group Limited operates as a subsidiary of Mineral Resources Limited.
How the Company Makes MoneyResource Development Group Limited makes money through its project management and consultancy services. The company generates revenue by offering specialized advisory and management services that help clients in the resource and infrastructure sectors improve their operational efficiency and project outputs. Key revenue streams include fees for consulting services, project management contracts, and long-term partnerships with clients that require ongoing support. Significant partnerships with major companies in the mining and energy sectors also contribute to its earnings, as these partnerships often involve large-scale projects with substantial budgets.

Resource Development Group Limited Financial Statement Overview

Summary
The company exhibits a strong financial position with solid revenue and profit growth, effective cost management, and robust cash flows. Despite the increase in debt levels, it remains well-positioned financially, with a focus on managing leverage and sustaining growth.
Income Statement
85
Very Positive
Resource Development Group Limited has shown impressive revenue growth, with a notable increase from 2023 to 2024. The gross profit margin stands strong, and the net profit margin indicates solid profitability. The EBIT and EBITDA margins are also robust, reflecting efficient operations. The company has demonstrated consistent growth in revenue and profitability over the years, indicating a positive trajectory.
Balance Sheet
78
Positive
The company maintains a solid equity base with a favorable equity ratio, showing stability. However, the debt-to-equity ratio has increased, indicating higher leverage, which could pose a risk if not managed properly. Return on equity is strong, reflecting effective use of shareholder funds. Overall, the balance sheet is stable, but the rising debt levels warrant attention.
Cash Flow
82
Very Positive
Resource Development Group Limited has shown a remarkable improvement in free cash flow, transitioning from negative to positive. The operating cash flow to net income ratio is healthy, indicating good cash generation relative to profit. The cash flow statement reflects strong operational cash flows, supporting the company's growth initiatives.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue136.18M55.67M50.74M67.12M20.94M
Gross Profit82.54M19.81M6.64M3.21M1.74M
EBITDA28.65M18.56M6.67M2.16M1.31M
Net Income17.39M13.73M3.61M1.12M1.47M
Balance Sheet
Total Assets352.90M236.49M173.78M119.97M79.07M
Cash, Cash Equivalents and Short-Term Investments8.32M3.92M15.37M23.90M10.71M
Total Debt122.30M97.38M55.91M3.01M4.71M
Total Liabilities220.04M129.26M83.93M34.28M12.63M
Stockholders Equity132.88M107.24M89.85M85.71M66.52M
Cash Flow
Free Cash Flow7.86M-18.29M-14.71M15.74M-95.21K
Operating Cash Flow33.37M9.20M5.02M16.64M135.71K
Investing Cash Flow-26.47M-27.38M-19.40M1.48M2.95M
Financing Cash Flow-2.51M6.74M5.85M-4.93M-3.37M

Resource Development Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Outperform
AU$19.42M13.334.42%-6.63%-26.38%
67
Neutral
€8.36B21.116.46%2.82%1.86%-38.90%
67
Neutral
AU$26.56M1.9013.01%66.22%20.83%
€16.23M8.7714.71%
50
Neutral
AU$7.60M3.21-3.31%-30.52%-192.05%
50
Neutral
AU$14.54M-100.21%9.01%-4.27%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:RDG
Resource Development Group Limited
0.01
-0.02
-66.67%
DE:4Q4
Veris Limited
AU:EVZ
EVZ Limited
0.16
0.00
0.00%
DE:47L
Verbrec Ltd
0.05
>-0.01
-16.67%
AU:SOP
Synertec Corporation Limited
0.03
-0.06
-66.67%
AU:WSI
WestStar Industrial Ltd.
0.06
-0.08
-57.14%

Resource Development Group Limited Corporate Events

Resource Development Group Announces Director’s Interest Change
Jul 10, 2025

Resource Development Group Limited announced a change in the director’s interest, with Andrew Ellison disposing of 13,303,769 FY24 Performance Rights. This change, effective from July 10, 2025, reflects an agreement between the company and the director, potentially impacting the company’s governance and signaling strategic adjustments in its executive management.

The most recent analyst rating on (AU:RDG) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.

Resource Development Group Limited Announces Cessation of Securities
Jul 10, 2025

Resource Development Group Limited has announced the cessation of 13,303,769 performance rights, which were cancelled by agreement between the entity and the holder. This move may impact the company’s capital structure and could have implications for its stakeholders, reflecting a strategic decision to manage its securities more effectively.

The most recent analyst rating on (AU:RDG) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.

Resource Development Group Announces Change in Director’s Securities
Jun 27, 2025

Resource Development Group Limited has announced a change in the director’s interest, specifically concerning Mike Grey. The company reported that 11,267,721 unquoted options held by the director either expired or were canceled, leaving him with 274,683 ordinary shares. This development may affect the company’s stock options management but does not immediately impact the company’s operational or market positioning.

The most recent analyst rating on (AU:RDG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.

Director’s Interest Update at Resource Development Group Limited
Jun 27, 2025

Resource Development Group Limited announced a change in the interests of its director, Andrew Ellison, as per the latest notice to the ASX. The update reveals that a total of 5,131,357 unquoted options held indirectly by Ellison have expired, impacting his overall securities holdings. This change reflects an adjustment in Ellison’s financial stake in the company, which may influence stakeholder perceptions and the director’s future decisions regarding his involvement with the company.

The most recent analyst rating on (AU:RDG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.

Resource Development Group Announces Director’s Interest Change
Jun 27, 2025

Resource Development Group Limited has announced a change in the director’s interest, specifically regarding the unquoted options held by Director Mark Wilson. The company disclosed that 11,267,721 unquoted options, previously held by Wilson, have either expired or been cancelled, resulting in no ordinary shares held by the director after the change. This update reflects a significant adjustment in the director’s securities, potentially impacting the company’s governance and signaling a shift in the director’s investment strategy.

The most recent analyst rating on (AU:RDG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.

Resource Development Group Announces Cessation of Securities
Jun 27, 2025

Resource Development Group Limited announced the cessation of certain securities, specifically the cancellation of 5,000,000 options expiring in January 2026 and 7,272,728 options expiring in December 2026. This decision, made by agreement between the entity and the holder, reflects a strategic move that could impact the company’s capital structure and market positioning.

The most recent analyst rating on (AU:RDG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.

Resource Development Group Cancels Unquoted Options
Jun 27, 2025

Resource Development Group Limited has announced the cancellation of 5,000,000 unquoted options and 7,272,728 unquoted options, which were exercisable at 6.0 cents and 4.6 cents respectively. This adjustment in their capital structure, agreed upon with the option holders, reflects the company’s strategic financial management and may impact its market positioning by potentially altering investor perceptions and stakeholder interests.

The most recent analyst rating on (AU:RDG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.

Resource Development Group Limited Announces Cessation of Securities
Jun 9, 2025

Resource Development Group Limited announced the cessation of 16,030,633 securities due to the expiry of options without exercise or conversion, effective June 13, 2025. This cessation may affect the company’s capital structure and could have implications for stakeholders, potentially influencing market perceptions of the company’s financial strategies.

The most recent analyst rating on (AU:RDG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.

Resource Development Group Announces Expiry of Unquoted Options
Jun 9, 2025

Resource Development Group Ltd announced the expiration of 16,030,633 unquoted options, which were exercisable at 4.9 cents each, on June 13, 2025. The company noted that these options were substantially out of the money, and therefore, no expiry notices were sent. This decision reflects the company’s strategic approach to managing its capital structure, which includes both quoted and unquoted securities, potentially impacting its financial positioning and stakeholder interests.

The most recent analyst rating on (AU:RDG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Resource Development Group Limited stock, see the AU:RDG Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 19, 2025