Resource Development Group Limited (RDG) AI Stock Analysis

• Market Cap: AU$26.56M
• Dividend Yield: N/A
• Average Volume (3M): 569.48K
• Price to Earnings (P/E): 1.9
• Beta (1Y): 1.22
• Revenue Growth: 66.22%
• EPS Growth: 20.83%
• Country: AU
• Employees: 166
• Sector: Industrials
• Sector Strength: 94
• Industry: Engineering & Construction
• EPS (TTM): <0.01
• Shares Outstanding: 2,950,858,200
• 10 Day Avg. Volume: 895,659
• 30 Day Avg. Volume: 569,477
• PEG Ratio: -0.93
• Price to Book (P/B): 0.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.52
• 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: AU$0.01
• Price Target Upside: 0.00%
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 67 Neutral
• 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 Business Overview & Revenue Model

Company Description

Resource 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 Money

Resource 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

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

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

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.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	136.18M	55.67M	50.74M	67.12M	20.94M
Gross Profit	82.54M	19.81M	6.64M	3.21M	1.74M
EBITDA	28.65M	18.56M	6.67M	2.16M	1.31M
Net Income	17.39M	13.73M	3.61M	1.12M	1.47M
Balance Sheet
Total Assets	352.90M	236.49M	173.78M	119.97M	79.07M
Cash, Cash Equivalents and Short-Term Investments	8.32M	3.92M	15.37M	23.90M	10.71M
Total Debt	122.30M	97.38M	55.91M	3.01M	4.71M
Total Liabilities	220.04M	129.26M	83.93M	34.28M	12.63M
Stockholders Equity	132.88M	107.24M	89.85M	85.71M	66.52M
Cash Flow
Free Cash Flow	7.86M	-18.29M	-14.71M	15.74M	-95.21K
Operating Cash Flow	33.37M	9.20M	5.02M	16.64M	135.71K
Investing Cash Flow	-26.47M	-27.38M	-19.40M	1.48M	2.95M
Financing Cash Flow	-2.51M	6.74M	5.85M	-4.93M	-3.37M

Resource Development Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVZ	70 Outperform	AU$19.42M	13.33	4.42%	―	-6.63%	-26.38%
Sector *	67 Neutral	€8.36B	21.11	6.46%	2.82%	1.86%	-38.90%
RDG	67 Neutral	AU$26.56M	1.90	13.01%	―	66.22%	20.83%
4Q4	―		―		―	―	―
47L	―	€16.23M	8.77	14.71%	―	―	―
WSI	50 Neutral	AU$7.60M	3.21	-3.31%	―	-30.52%	-192.05%
SOP	50 Neutral	AU$14.54M	―	-100.21%	―	9.01%	-4.27%

Resource Development Group Limited Corporate Events

Resource Development Group Announces Director’s Interest Change

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

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

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

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

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

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

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

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

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.