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Reverse

ASX:REF
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
REF
ASX
A$371K
Market Cap
  1. Home
  2. AU
  3. Telecom
Company description

Reverse Corp Limited does not have significant operations. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
REF Share Price and Events
7 Day Returns
0%
ASX:REF
1.3%
AU Telecom
1.1%
AU Market
1 Year Returns
-80%
ASX:REF
-3.8%
AU Telecom
-18.9%
AU Market
REF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Reverse (REF) 0% 0% 0% -80% -95.8% -97%
AU Telecom 1.3% -9.7% -10.1% -3.8% -27.5% -46.7%
AU Market 1.1% -20.8% -25% -18.9% -16% -16.4%
1 Year Return vs Industry and Market
  • REF underperformed the Telecom industry which returned -3.8% over the past year.
  • REF underperformed the Market in Australia which returned -18.9% over the past year.
Price Volatility
REF
Industry
5yr Volatility vs Market

REF Value

 Is Reverse undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Reverse to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Reverse.

ASX:REF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:REF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.358 (1 + (1- 30%) (0%))
0.57
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (0.8 * 5.44%)
5.43%

Discounted Cash Flow Calculation for ASX:REF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Reverse is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:REF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.43%)
2020 0.14 Est @ 0.89% 0.13
2021 0.14 Est @ 0.94% 0.13
2022 0.14 Est @ 0.98% 0.12
2023 0.14 Est @ 1.01% 0.12
2024 0.14 Est @ 1.03% 0.11
2025 0.15 Est @ 1.05% 0.11
2026 0.15 Est @ 1.06% 0.10
2027 0.15 Est @ 1.06% 0.10
2028 0.15 Est @ 1.07% 0.09
2029 0.15 Est @ 1.07% 0.09
Present value of next 10 years cash flows A$1.00
ASX:REF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$0.15 × (1 + 1.08%) ÷ (5.43% – 1.08%)
A$3.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$3.53 ÷ (1 + 5.43%)10
A$2.08
ASX:REF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$1.00 + A$2.08
A$3.08
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$3.08 / 92.86
A$0.03
ASX:REF Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.03
Current discount Discount to share price of A$0.00
= -1 x (A$0.00 - A$0.03) / A$0.03
87.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Reverse is available for.
Intrinsic value
>50%
Share price is A$0.004 vs Future cash flow value of A$0.03315
Current Discount Checks
For Reverse to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Reverse's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Reverse's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Reverse's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Reverse's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:REF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$-0.01
ASX:REF Share Price ** ASX (2020-01-14) in AUD A$0
Australia Telecom Industry PE Ratio Median Figure of 6 Publicly-Listed Telecom Companies 26.88x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 13.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Reverse.

ASX:REF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:REF Share Price ÷ EPS (both in AUD)

= 0 ÷ -0.01

-0.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reverse is loss making, we can't compare its value to the AU Telecom industry average.
  • Reverse is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Reverse's expected growth come at a high price?
Raw Data
ASX:REF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Telecom Industry PEG Ratio Median Figure of 6 Publicly-Listed Telecom Companies 1.28x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1.04x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Reverse, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Reverse's assets?
Raw Data
ASX:REF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.00
ASX:REF Share Price * ASX (2020-01-14) in AUD A$0
Australia Telecom Industry PB Ratio Median Figure of 14 Publicly-Listed Telecom Companies 2.02x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.23x
ASX:REF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:REF Share Price ÷ Book Value per Share (both in AUD)

= 0 ÷ 0.00

1.53x

* Primary Listing of Reverse.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Reverse is good value based on assets compared to the AU Telecom industry average.
X
Value checks
We assess Reverse's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Reverse has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

REF Future Performance

 How is Reverse expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Reverse has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.1%
Expected Telecom industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Reverse expected to grow at an attractive rate?
  • Unable to compare Reverse's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Reverse's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Reverse's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:REF Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Telecom Industry Earnings Growth Rate Market Cap Weighted Average -0.1%
Australia Telecom Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:REF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:REF Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:REF Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 -1 -1
2019-09-30 0 -1
2019-06-30 0 -1
2018-12-31 -2 0 -1
2018-09-30 -1 0 -1
2018-06-30 0 0
2018-03-31 5 0 0
2017-12-31 5 0 0
2017-09-30 5 0 0
2017-06-30 6 1 0
2017-03-31 6 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Reverse is high growth as no earnings estimate data is available.
  • Unable to determine if Reverse is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:REF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Reverse Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:REF Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:REF Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 -0.01
2019-09-30 -0.01
2019-06-30 -0.01
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Reverse will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Reverse is trading at Reverse'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Reverse's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Telecom companies here
  3. Reverse's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Reverse's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Reverse has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

REF Past Performance

  How has Reverse performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Reverse's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Reverse does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Reverse's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Reverse's 1-year growth to the AU Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Reverse's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Reverse Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:REF Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 -1.16
2019-09-30 -1.25
2019-06-30 -1.34
2018-12-31 -1.86 -1.04
2018-09-30 -0.93 -0.69
2018-06-30 -0.34
2018-03-31 5.44 -0.21
2017-12-31 4.79 -0.32
2017-09-30 5.41 0.00
2017-06-30 6.02 0.31
2017-03-31 6.16 0.99
2016-12-31 6.30 1.67
2016-09-30 6.62 1.62
2016-06-30 6.94 1.56
2016-03-31 7.42 1.82
2015-12-31 7.90 2.08
2015-09-30 8.25 2.14
2015-06-30 8.61 2.21
2015-03-31 8.78 2.13
2014-12-31 8.95 2.05
2014-09-30 8.88 1.89
2014-06-30 8.80 1.73
2014-03-31 8.48 1.54
2013-12-31 8.17 1.36
2013-09-30 7.72 1.00
2013-06-30 7.28 0.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Reverse has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Reverse has efficiently used its assets last year compared to the AU Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Reverse improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Reverse's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Reverse has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

REF Health

 How is Reverse's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Reverse's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Reverse is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Reverse has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Reverse's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Reverse has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Reverse Company Filings, last reported 3 months ago.

ASX:REF Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 0.24 0.00 0.09
2019-09-30 0.24 0.00 0.09
2019-06-30 1.28 0.00 0.37
2018-12-31 2.69 0.04 0.94
2018-09-30 2.69 0.04 0.94
2018-06-30 8.33 0.00 5.32
2018-03-31 8.33 0.00 5.32
2017-12-31 8.89 0.00 5.95
2017-09-30 8.89 0.00 5.95
2017-06-30 9.74 0.00 7.29
2017-03-31 9.74 0.00 7.29
2016-12-31 10.47 0.00 7.49
2016-09-30 10.47 0.00 7.49
2016-06-30 10.63 0.00 8.35
2016-03-31 10.63 0.00 8.35
2015-12-31 10.00 0.00 6.17
2015-09-30 10.00 0.00 6.17
2015-06-30 9.75 0.00 7.49
2015-03-31 9.75 0.00 7.49
2014-12-31 8.59 0.00 5.88
2014-09-30 8.59 0.00 5.88
2014-06-30 7.68 0.00 5.11
2014-03-31 7.68 0.00 5.11
2013-12-31 6.77 0.00 4.00
2013-09-30 6.77 0.00 4.00
2013-06-30 6.18 0.00 2.84
  • Reverse has no debt.
  • Reverse currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Reverse has no debt, it does not need to be covered by operating cash flow.
  • Reverse has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Reverse's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Reverse has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

REF Dividends

 What is Reverse's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Reverse dividends.
If you bought A$2,000 of Reverse shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Reverse's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Reverse's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:REF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 370 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:REF Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
ASX:REF Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.000 0.000
2018-08-29 0.000 0.000
2017-08-24 0.010 14.594
2016-08-30 0.010 10.825
2015-08-27 0.010 8.249
2011-10-17 0.000 0.000
2011-08-30 0.000 0.000
2011-02-17 0.000 0.000
2010-09-17 0.000 0.000
2010-08-18 0.000 0.000
2010-02-26 0.020 12.952
2009-08-18 0.060 12.896

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Reverse has not reported any payouts.
  • Unable to verify if Reverse's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Reverse's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Reverse has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Reverse's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Reverse afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Reverse has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

REF Management

 What is the CEO of Reverse's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Reverse has no CEO, or we have no data on them.
Management Team

Dion Soich

TITLE
Company Secretary
COMPENSATION
A$231K
TENURE
8.5 yrs
Board of Directors Tenure

Average tenure of the Reverse board of directors in years:

21.3
Average Tenure
  • The average tenure for the Reverse board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Peter Ritchie

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$95K
AGE
77
TENURE
21.3 yrs

Richard Bell

TITLE
Independent Non-Executive Director
TENURE
21.3 yrs

Gary Hillberg

TITLE
Independent Non-Executive Director
COMPENSATION
A$60K
TENURE
14.5 yrs
Who owns this company?
Recent Insider Trading
  • Reverse individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
25. Mar 20 Buy Q Services Holdings Pty Ltd Company 20. Nov 19 20. Nov 19 2,216,711 A$0.01 A$19,931
25. Mar 20 Buy Twenty Cents Holdings Pty Ltd Company 24. Mar 20 24. Mar 20 16,300,000 A$0.01 A$98,895
25. Mar 20 Sell Richard Bell Individual 24. Mar 20 24. Mar 20 -16,300,000 A$0.01 A$-97,796
03. May 19 Buy Mercantile Investment Company Limited Company 30. Apr 19 30. Apr 19 7,200,000 A$0.03 A$211,960
08. Dec 19 Sell Peter Ritchie Individual 06. Dec 19 06. Dec 19 -4,602,534 A$0.01 A$-25,394
06. Sep 19 Sell Phoenix Portfolios Pty Ltd. Company 04. Sep 19 04. Sep 19 -200,001 A$0.01 A$-2,600
04. Sep 19 Sell Phoenix Portfolios Pty Ltd. Company 21. Aug 19 03. Sep 19 -1,710,901 A$0.01 A$-20,516
22. Aug 19 Sell Phoenix Portfolios Pty Ltd. Company 01. May 19 20. Aug 19 -1,432,430 A$0.01 A$-21,484
20. Aug 19 Sell Lane's End Dural Pty Ltd Company 20. Aug 19 20. Aug 19 -7,032,741 A$0.01 A$-98,372
01. Jul 19 Buy Mtccc Pty Ltd Company 17. Jun 19 28. Jun 19 1,949,999 A$0.04 A$81,758
01. Jul 19 Buy Lane's End Dural Pty Ltd Company 28. Jun 19 28. Jun 19 210,000 A$0.04 A$8,638
27. May 19 Buy Mercantile Investment Company Limited Company 23. May 19 27. May 19 2,250,000 A$0.04 A$87,264
23. May 19 Buy Mercantile Investment Company Limited Company 14. May 19 21. May 19 2,700,000 A$0.03 A$94,265
12. May 19 Buy Lane's End Dural Pty Ltd Company 01. May 19 09. May 19 6,822,741 A$0.03 A$225,241
07. May 19 Buy Mercantile Investment Company Limited Company 01. May 19 03. May 19 1,300,000 A$0.03 A$41,829
06. May 19 Sell Richard Bell Individual 07. May 19 07. May 19 -2,110,811 A$0.03 A$-68,895
01. May 19 Sell Defender No.1 Pty Ltd Company 30. Apr 19 30. Apr 19 -7,393,504 A$0.03 A$-204,912
01. May 19 Sell Defender Equities Pty Ltd Company 30. Apr 19 30. Apr 19 -6,999,998 A$0.03 A$-210,996
01. May 19 Sell James Manning Individual 30. Apr 19 30. Apr 19 -3,999,997 A$0.03 A$-114,997
X
Management checks
We assess Reverse's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Reverse has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

REF News

Simply Wall St News

Is Reverse (ASX:REF) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. … Importantly, Reverse Corp Limited (ASX:REF) does carry debt. … Check out our latest analysis for Reverse How Much Debt Does Reverse Carry?

Simply Wall St -

Read This Before Buying Reverse Corp Limited (ASX:REF) Shares

So we'll take a look at whether insiders have been buying or selling shares in Reverse Corp Limited (ASX:REF). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Reverse Reverse Insider Transactions Over The Last Year The , James Manning, made the biggest insider sale in the last 12 months. … Over the last year we saw more insider selling of Reverse shares, than buying.

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If You Had Bought Reverse (ASX:REF) Shares Five Years Ago You'd Have A Total Return Of 8.6%

Reverse Corp Limited (ASX:REF) shareholders will doubtless be very grateful to see the share price up 163% in the last quarter. … Check out our latest analysis for Reverse Reverse isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Over the last 5 years, Reverse generated a TSR of 8.6%, which is, of course, better than the share price return.

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Do Directors Own Reverse Corp Limited (ASX:REF) Shares?

Reverse is a smaller company with a market capitalization of AU$3.2m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Reverse ASX:REF Ownership Summary, May 21st 2019 What Does The Institutional Ownership Tell Us About Reverse? … Insider Ownership Of Reverse While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

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Does Reverse Corp Limited's (ASX:REF) CEO Salary Compare Well With Others?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Charles Slaughter's Compensation Compare With Similar Sized Companies. … According to our data, Reverse Corp Limited has a market capitalization of AU$2.0m, and pays its CEO total annual compensation worth AU$282k.

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Did You Manage To Avoid Reverse's (ASX:REF) Devastating 89% Share Price Drop?

Reverse isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … The share price fall of 36% (per year, over five years) is a stern reminder that money-losing companies are expected to grow revenue.

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What Percentage Of Reverse Corp Limited (ASX:REF) Shares Do Insiders Own?

If you want to know who really controls Reverse Corp Limited (ASX:REF), then you'll have to look at the makeup of its share registry. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … institutions are noticeable on the share registry

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What You Must Know About Reverse Corp Limited's (ASX:REF) Financial Strength

Reverse Corp Limited (ASX:REF), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … However, the trade-off is REF will have to follow strict debt obligations which will reduce its financial flexibility. … Does REF's growth rate justify its decision for financial flexibility over lower cost of capital

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Why Reverse Corp Limited's (ASX:REF) CEO Pay Matters To You

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Charles Slaughter's Compensation Compare With Similar Sized Companies. … Our data indicates that Reverse Corp Limited is worth AU$3.0m, and total annual CEO compensation is AU$282k.

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Did Reverse Corp Limited (ASX:REF) Insiders Buy Up More Shares?

We often see insiders buying up shares in companies that perform well over the long term. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … That means that even when the share price was higher, an insider wanted to purchase shares.

Simply Wall St -

REF Company Info

Description

Reverse Corp Limited does not have significant operations. Previously, it was engaged in the provision of reverse charge calling services in Australia. The company was founded in 1999 and is based in Milton, Australia.

Details
Name: Reverse Corp Limited
REF
Exchange: ASX
Founded: 1999
A$371,442
92,860,562
Website: http://www.reversecorp.com.au
Address: Reverse Corp Limited
30 Little Cribb Street,
Level 1,
Milton,
Queensland, 4064,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX REF Ordinary Shares Australian Securities Exchange AU AUD 16. Dec 2005
CHIA REF Ordinary Shares Chi-X Australia AU AUD 16. Dec 2005
Number of employees
Current staff
Staff numbers
0
Reverse employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 14:30
End of day share price update: 2020/01/14 00:00
Last estimates confirmation: 2018/08/28
Last earnings filing: 2020/02/23
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.