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Redox Limited
(Sydney:RDX)
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Rating:68Neutral
Price Target:
AU$3.50
▲(2.04% Upside)
Action:Reiterated
Date:08/22/26
The score is primarily supported by strong financial performance (accelerating revenue, improving margins, and a low-leverage balance sheet). This is meaningfully tempered by weak technicals—price is below key moving averages with negative MACD—despite oversold readings. Valuation is moderate with a supportive dividend yield, providing a secondary positive.
Positive Factors
Strong Revenue and Profit Growth
Sustained revenue expansion alongside improving profitability indicates stronger customer demand and operating leverage. If maintained, this combination can support further earnings growth across Redox’s diversified industrial and specialty-ingredient markets.
Negative Factors
Margin Volatility
Variable margins suggest earnings remain sensitive to product mix, supplier pricing, customer volumes, and distribution costs. This can make future profit growth less predictable and limit the durability of recent margin improvement if operating conditions change.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue and Profit Growth
Sustained revenue expansion alongside improving profitability indicates stronger customer demand and operating leverage. If maintained, this combination can support further earnings growth across Redox’s diversified industrial and specialty-ingredient markets.
Read all positive factors
Redox Limited (RDX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.78B
Dividend Yield3.83%
Average Volume (3M)671.96K
Price to Earnings (P/E)19.4
Beta (1Y)1.02
Revenue Growth6.95%
EPS Growth19.21%
CountryAU
Employees488
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)0.17
Shares Outstanding525,081,400
10 Day Avg. Volume540,372
30 Day Avg. Volume671,962
Financial Highlights & Ratios
PEG Ratio1.10
Price to Book (P/B)3.71
Price to Sales (P/S)1.57
P/FCF Ratio24.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.88Price Target Upside13.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.19
Revenue Forecast (FY)AU$1.49B
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
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
70
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.33B | 1.24B | 1.14B | 1.26B | 1.08B |
| Gross Profit | 298.23M | 268.63M | 265.93M | 262.03M | 243.79M |
| EBITDA | 164.55M | 122.94M | 138.41M | 137.07M | 136.82M |
| Net Income | 91.91M | 77.10M | 90.24M | 80.73M | 88.02M |
Balance Sheet | |||||
| Total Assets | 759.24M | 732.21M | 702.38M | 579.86M | 639.56M |
| Cash, Cash Equivalents and Short-Term Investments | 122.68M | 123.83M | 179.29M | 35.03M | 40.60M |
| Total Debt | 45.49M | 49.99M | 47.04M | 217.86M | 261.82M |
| Total Liabilities | 196.78M | 187.94M | 171.11M | 344.90M | 405.74M |
| Stockholders Equity | 562.46M | 544.27M | 531.27M | 234.96M | 233.82M |
Cash Flow | |||||
| Free Cash Flow | 84.42M | 42.72M | 112.06M | 131.63M | -50.56M |
| Operating Cash Flow | 87.81M | 47.83M | 115.89M | 134.74M | -48.98M |
| Investing Cash Flow | -3.56M | 11.42M | -125.25M | -2.81M | -1.22M |
| Financing Cash Flow | -73.90M | -73.30M | 30.88M | -137.05M | 67.75M |
Redox Limited Technical Analysis
Negative
3.43
Price Trends
3.67
Negative
3.47
Negative
3.19
Positive
Market Momentum
-0.07
Positive
38.54
Neutral
36.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RDX, the sentiment is Negative. The current price of 3.43 is below the 20-day moving average (MA) of 3.62, below the 50-day MA of 3.67, and above the 200-day MA of 3.19, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 38.54 is Neutral, neither overbought nor oversold. The STOCH value of 36.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$260.82M | 24.69 | 16.42% | 2.63% | 8.35% | -0.81% | |
68 Neutral | AU$1.78B | 19.37 | 11.36% | 3.54% | 6.95% | 19.21% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$2.67M | -0.15 | -35.91% | ― | ― | 59.65% | |
46 Neutral | AU$91.07M | -8.65 | -47.73% | ― | -96.81% | -19.09% | |
43 Neutral | AU$50.43M | -9.34 | -88.71% | ― | 14.77% | 20.78% | |
43 Neutral | AU$129.23M | -35.44 | -8.00% | ― | ― | 19.81% |
* Basic Materials Sector Average
AU:RDX
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Redox Limited Corporate Events
Redox director Raimond Coneliano lifts stake with on-market share purchase
Aug 21, 2026
Redox Limited has disclosed a change in the holdings of director Raimond Heath Coneliano, who has increased his interest in the company through an on-market purchase. A related entity, Fortis Aurum Holdings Pty Ltd as trustee for the Fortis Aurum ...
Redox Director Mary Verschuer Increases Indirect Shareholding
Aug 21, 2026
Redox Limited has reported a change in the indirect shareholding of director Mary Verschuer, reflecting an increase in her beneficial interest in the company. Through Verschuer Investments Pty Ltd, where she serves as a director, her indirect hold...
Redox Director Increases Indirect Shareholding via On-Market Purchase
Aug 21, 2026
Redox Limited has disclosed a change in director Ian Campbell’s indirect shareholding, in line with ASX listing rule 3.19A.2 and the Corporations Act reporting requirements. The notice underscores the company’s adherence to transparenc...
Redox Limited Declares Semi-Annual Dividend for June 2026 Period
Aug 19, 2026
Redox Limited, trading on the ASX under ticker RDX, is an Australian listed entity that issues ordinary fully paid shares and follows a semi-annual reporting schedule. The company routinely returns capital to shareholders via dividends that are al...
Redox Lodges 2026 Corporate Governance Statement with ASX
Aug 19, 2026
Redox Limited has filed its Appendix 4G and corporate governance statement for the year ended 30 June 2026, confirming that its governance disclosures are available via its investor centre website. The statement has been approved by the board and ...
Redox Limited Details 2026 Corporate Governance Framework
Aug 19, 2026
Redox Limited’s 2026 Corporate Governance Statement sets out how its Board of Directors and governance framework are structured to oversee the company’s operations and strategic direction. It details the roles of Board Committees and s...
Redox posts record FY26 revenue as margins and cash flow strengthen
Aug 19, 2026
Redox Limited reported record FY26 revenue of $1.33 billion, driven mainly by organic growth and contributions from acquired businesses such as Molekulis, which boosted transformer oil sales in the energy sector. The distributor saw notable streng...
Redox Limited Delivers Higher Profit, Lifts Dividend and Net Tangible Assets
Aug 19, 2026
Redox Limited reported a 6.9% increase in revenues from ordinary activities to $1.33 billion for the year ended 30 June 2026, with profit after tax attributable to owners rising 19.2% to $91.9 million.The board maintained a strong capital position...
Redox Limited Announces Chair Transition and Board Strengthening
Jul 29, 2026
Redox Limited has announced that long-serving Chair and Non-Executive Director Ian Campbell will retire at the conclusion of the 2026 Annual General Meeting on 7 October 2026, marking the end of a 17-year tenure during which he oversaw the company...
Redox Sets Date for FY26 Results and Investor Briefing
Jul 29, 2026
Redox Limited, a major distributor of chemicals, ingredients and raw materials, plans to release its full-year 2026 financial results and investor presentation to the ASX on 20 August 2026. The company, which operates across Australia, New Zealand...
Redox Sets Dates for 2026 AGM and Director Nomination Cut-Off
Jul 27, 2026
Redox Limited has scheduled its 2026 Annual General Meeting to be held as a hybrid event at Swissotel Sydney on 7 October 2026 at 11:00 a.m. AEST, giving shareholders the option to attend either in person or online in line with contemporary corpor...
Redox to Release Employee Gift Plan Shares from Escrow in July 2026
Jun 26, 2026
Redox Limited, a long-established distributor of chemicals, ingredients and raw materials, supplies over 1,000 products to industrial clients in Australia, New Zealand, Malaysia and the United States. The company runs a global logistics footprint ...
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.