Stock data
| Market cap. | A$11.4m |
| Last close | A$0.18 |
| High / Low (52 weeks) | A$1.4 / A$0.2 |
| Stock market listing | ASX |
| Forecast net cash (A$m) | 11.3 |
| Forecast gearing ratio (%) | N/A |
| Team | Industrials |
| Sector | Engineering |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (47.059) | (76.623) | (85.6) |
| Relative * | (44.951) | (76.388) | (83.859) |
* % Relative to local index
Other companies covered in sector
| Y/E Jun | Revenue (A$m) | EBITDA (A$m) | PBT (A$m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 1.0 | (1.1) | (1.1) | (11.2) | N/A | N/A |
| 2011A | 2.3 | (6.5) | (6.8) | (12.6) | N/A | N/A |
| 2012E | 9.0 | (7.3) | (7.5) | (8.9) | N/A | N/A |
| 2013E | 42.4 | 0.5 | (0.8) | (0.9) | N/A | N/A |
Last updated on 20/04/2012
Latest research
Progress review - all fine
Update | Engineering | 02/11/2011
Contract signed with Jabil
Flash note | Engineering | 08/06/2011
Viable energy storage
Outlook | Engineering | 10/05/2011
Investment summary
RedFlow has announced a radical restructuring of their business. This involves halving the number of employees in Brisbane, the removal of the existing CEO (following several changes to the board) and an increase in losses. The relationship with Jabil, and plans for outsourced manufacture are also under review in the short term, until volumes build up. This all follows longer-than-anticipated trial periods. Our forecasts are under review.
Last updated on 23/04/2012
Industry outlook
Electricity generation used to be designed to match demand. In future, demand is expected to be met by renewable energy sources that are not generating power all the time. This makes technology that enables energy to be stored when it is generated and released when it is demanded very important. RedFlow’s battery systems are well positioned to exploit this huge potential growth of large-scale energy storage. There are competitor manufacturers and technologies but RedFlow actually produces successfully-working systems.
Last updated on 23/04/2012
Key management
| Howard Stack, Chairman |
| Phil Hutchings, CEO |
| Paul Clarke, CFO |
Company address
| 1 / 27 Counihan Road Seventeen Mile Rocks Brisbane Qld 4073 Australia View website |
