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Redox Limited
(Sydney:RDX)
Select Model
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Rating:65Neutral
Price Target:
AU$4.00
▲(20.12% Upside)
Action:Reiterated
Date:06/20/26
The score is driven mainly by solid profitability and balance-sheet strength, tempered by materially weaker cash flow metrics. Technically the uptrend is supportive but momentum appears overextended. Valuation is a headwind due to the elevated P/E, only partly offset by the dividend yield.
Positive Factors
Low leverage / strong balance sheet
Very low debt-to-equity (0.09) materially reduces financial risk and preserves borrowing capacity. For a distributor with working-capital needs this durable balance-sheet strength supports investment, dividend policy flexibility and resilience through industry cycles.
Negative Factors
Sharp free cash flow decline
A 63.7% drop in free cash flow is a durable concern for a distributor that needs cash for inventory and working capital. Persistently weaker FCF can constrain capex, dividends or M&A, and increases reliance on external funding despite low leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt-to-equity (0.09) materially reduces financial risk and preserves borrowing capacity. For a distributor with working-capital needs this durable balance-sheet strength supports investment, dividend policy flexibility and resilience through industry cycles.
Read all positive factors
Redox Limited (RDX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.00B
Dividend Yield4.24%
Average Volume (3M)671.96K
Price to Earnings (P/E)31.2
Beta (1Y)0.94
Revenue Growth8.28%
EPS Growth-11.27%
CountryAU
Employees476
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)0.12
Shares Outstanding525,081,400
10 Day Avg. Volume540,372
30 Day Avg. Volume671,962
Financial Highlights & Ratios
PEG Ratio-1.22
Price to Book (P/B)2.08
Price to Sales (P/S)0.91
P/FCF Ratio26.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$4.10Price Target Upside23.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.21
Revenue Forecast (FY)AU$1.50B
Redox Limited Business Overview & Revenue Model
Company Description
Established in 1965 and based in Minto, Australia, Redox Limited is a global provider and distributor of essential chemicals, ingredients, and raw materials. Its operations span Australia, New Zealand, the United States, and numerous other interna...
How the Company Makes Money
Redox makes money primarily by distributing chemicals and ingredients: it purchases products from manufacturers (domestic and international) and sells them to business customers at a margin. Key revenue streams generally include (1) product sales ...
Redox Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 979.58M | 1.24B | 1.14B | 1.26B | 1.08B | 796.34M |
| Gross Profit | 210.63M | 268.63M | 265.93M | 262.03M | 243.79M | 164.92M |
| EBITDA | 108.15M | 122.94M | 138.41M | 137.07M | 136.82M | 80.18M |
| Net Income | 62.23M | 77.10M | 90.24M | 80.73M | 88.02M | 47.58M |
Balance Sheet | ||||||
| Total Assets | 743.93M | 732.21M | 702.38M | 579.86M | 639.56M | 428.72M |
| Cash, Cash Equivalents and Short-Term Investments | 145.58M | 123.83M | 179.29M | 35.03M | 40.60M | 23.24M |
| Total Debt | 69.51M | 49.99M | 47.04M | 217.86M | 261.82M | 154.28M |
| Total Liabilities | 192.71M | 187.94M | 171.11M | 344.90M | 405.74M | 246.60M |
| Stockholders Equity | 551.22M | 544.27M | 531.27M | 234.96M | 233.82M | 182.13M |
Cash Flow | ||||||
| Free Cash Flow | 76.29M | 42.72M | 112.06M | 131.63M | -50.56M | 29.88M |
| Operating Cash Flow | 80.17M | 47.83M | 115.89M | 134.74M | -48.98M | 32.24M |
| Investing Cash Flow | -1.92M | 11.42M | -125.25M | -2.81M | -1.22M | -2.09M |
| Financing Cash Flow | -79.86M | -73.30M | 30.88M | -137.05M | 67.75M | -25.48M |
Redox Limited Technical Analysis
Positive
3.33
Price Trends
3.51
Positive
3.38
Positive
3.11
Positive
Market Momentum
0.02
Positive
51.65
Neutral
79.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RDX, the sentiment is Positive. The current price of 3.33 is below the 20-day moving average (MA) of 3.78, below the 50-day MA of 3.51, and above the 200-day MA of 3.11, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 51.65 is Neutral, neither overbought nor oversold. The STOCH value of 79.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:RDX.
Redox Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$243.88M | 22.34 | 17.50% | 2.31% | 3.02% | 11.08% | |
65 Neutral | AU$2.00B | 31.22 | 11.36% | 4.24% | 8.28% | -11.27% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
44 Neutral | AU$57.45M | -7.89 | -88.71% | ― | 59.14% | 8.54% | |
43 Neutral | AU$124.62M | -34.46 | -8.00% | ― | ― | 19.81% | |
43 Neutral | AU$87.72M | -12.80 | -47.73% | ― | ― | 55.67% | |
39 Underperform | AU$21.35M | -1.32 | -35.91% | ― | ― | 59.65% |
* Basic Materials Sector Average
AU:RDX
Redox Limited
3.70
1.52
69.88%
AU:FGR
First Graphene Ltd
0.06
0.03
100.00%
AU:EGR
EcoGraf
0.26
-0.11
-31.08%
AU:HZR
Hazer Group Ltd.
0.33
-0.04
-12.16%
AU:XRF
XRF Scientific Limited
1.68
-0.28
-14.29%
AU:ATC
Altech Chemicals Limited
0.01
-0.03
-71.43%
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.