Redox Ltd RDX

Morningstar Rating
A$3.41 −0.02 (0.58%)
View Full Chart

Company Report

Redox Navigates Economic Weakness With Confidence

Redox has achieved a phenomenal revenue CAGR of 10% over the three decades to the end of June 2026, driven by its strategy of diversifying revenue across new product groups, thereby capturing greater market share in the core markets of Australia and New Zealand, and more recently, expanding the business in offshore markets, including Southeast Asia and the United States.

Price vs Fair Value

RDX is trading at a LOCK|&#^Q premium.
Price
A$3.41
Fair Value
#.x
Uncertainty
LOCK|j^bck
1-Star Price
LOCK|&l
5-Star Price
LOCK|@c
Economic Moat
LOCK|tLV
Capital Allocation
LOCK|w#d@%?V

Bulls Say, Bears Say

Bulls

Redox’s sales have historically grown at a rate above gross domestic product, a trend which we expect to persist.

Bears

Redox’s contracted sales are exposed to short-term pricing risk from cost changes in chemicals, transportation and handling, and foreign exchange fluctuations.

Trading Information

Previous Close Price
A$3.43
Day Range
A$3.38–3.47
52-Week Range
A$2.50–4.16
Bid/Ask
A$3.35 / A$3.56
Shares Outstanding
525.08M
Market Cap
A$1.79B
Volume/Avg
559,779 / 572,473

Key Statistics

Price/Earnings (Normalized)
20.74
Price/Sales
1.35
Dividend Yield (Trailing)
3.81%
Dividend Yield (Forward)
3.81%
Dividend Payment Schedule
Mar, Sep
Total Yield
3.81%

Company Profile

Redox is a distributor of chemicals for a diverse range of industries within Australia and New Zealand, North America, and Southeast Asia. It is the largest player in the Australian market, with approximately 5% market share in a very fragmented market. In Southeast Asia and the US it is a smaller player, but with growth ambitions. Redox sources over 5,000 stock keeping units from about 1,000 domestic and global chemical producers. Its customers are from a diverse range of more than 200 industry subsectors. About half of annual sales are in the categories of human and animal health, nutrition, food, and crop production and protection. Other categories include industrial, surface coatings, plastics, rubber and foam, household and personal care, water care, and mining and explosives.
Sector
Basic Materials
Industry
Chemicals
Stock Style Box
Small Core
Total Number of Employees
—

Competitors

Valuation

Metric
RDX
BASFY
CAH
Price/Earnings (Normalized)
20.7425.9920.28
Price/Book Value
3.181.17—
Price/Sales
1.350.700.21
Price/Cash Flow
20.427.9215.40
Price/Earnings
RDX
BASFY
CAH

Financial Strength

Metric
RDX
BASFY
CAH
Quick Ratio
1.981.190.43
Current Ratio
3.901.850.88
Interest Coverage
61.533.597.25
Quick Ratio
RDX
BASFY
CAH

Profitability

Metric
RDX
BASFY
CAH
Return on Assets (Normalized)
11.71%0.97%4.62%
Return on Equity (Normalized)
15.79%2.27%—
Return on Invested Capital (Normalized)
14.22%1.92%46.33%
Return on Assets
RDX
BASFY
CAH

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