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Redox Limited (RDX) Fair Value & Analysis

Basic Materials · AU · Market cap A$1.9B

RL Redox Limited RDX · AU
PriceA$3.85
Fair ValueA$2.02
Upside-47.5%
Quality55/100
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Healthy Growth
Thin margins · 6.3% net margin
Low debt · generates free cash flow
3.58% dividend yield
Ranks above peers (10/14)
Moderate moat 51/100
Evidence: High Range A$1.20 – A$3.12 Share as image

Fair value as of: Jul 19, 2026

From 24 valuation models · updated 22 days ago

Share price +7.2% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$3.12). The favourable scenario is already priced in.
  • The model range is unusually wide (A$1.20 to A$3.12). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (3 years)

A$4.28 A$1.94 Fair Value A$2.02 Jul 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

37‑month range A$1.94 – A$4.28 · fair‑value band A$1.20 – A$3.12 · the A$3.85 price screens above the A$2.02 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Redox Limited (RDX) currently trades at A$3.85, while our model-based Fair Value estimate is A$2.02, implying the stock looks roughly 47.5% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Redox Limited generated revenue of A$1.3B at a net margin of 6.3%. Revenue grew 6.6% year over year. It earns a return on equity of 14.8%. Net debt stands at A$7.2M. Fundamentals as of Jul 19, 2026

Our scenario range runs from A$1.20 (bear case) to A$3.12 (bull case); at A$3.85, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 99% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -48%, RDX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF A$0.8900 A$1.30 A$1.87 80
Residual Income A$0.9500 A$1.14 A$2.25 76
Rev-Margin DCF A$1.44 A$2.46 A$3.71 74
All 24 models by family
DCF Models
FCF DCF A$0.8900 A$1.35 A$1.99 38
Owner Earnings A$1.65 A$2.52 A$3.77 31
5Y Revenue Exit A$1.44 A$2.49 A$3.90 39
5Y EBITDA Exit A$1.28 A$2.18 A$3.28 41
5Y P/E Exit A$1.43 A$2.47 A$3.63 38
10Y Revenue Exit A$1.16 A$2.02 A$3.29 36
10Y EBITDA Exit A$1.11 A$1.82 A$2.84 37
10Y P/E Exit A$1.20 A$2.01 A$3.09 35
Earnings-Based
Graham-Dodd A$1.00 A$3.90 A$5.29 54
Lynch FV A$0.9600 A$1.37 A$1.78 50
PEG = 1.0 A$0.9600 A$1.37 A$1.78 46
EPV A$1.11 A$1.25 A$1.37 59
Multiples
P/E Multiple A$1.87 A$2.50 A$3.12 63
P/S Multiple A$1.87 A$2.50 A$3.12 58
P/B Multiple A$1.87 A$2.50 A$3.12 55
EV/EBIT A$2.12 A$2.79 A$3.47 53
EV/EBITDA A$1.68 A$2.22 A$2.75 54
EV/Revenue A$1.84 A$2.60 A$3.35 43
Asset-Based
NCAV (Graham) A$0.5200 A$0.6900 A$1.04 50
Growth DCF
Growth DCF A$0.8900 A$1.30 A$1.87 80
Rev-Margin DCF A$1.44 A$2.46 A$3.71 74
Economic Profit
Residual Income A$0.9500 A$1.14 A$2.25 76
ROIC Compounder A$1.14 A$1.39 A$1.70 72
Growth Earnings
Growth-Adj P/E A$1.52 A$2.17 A$2.82 68

Widest divergence: Multiples (A$2.50) versus Asset-Based (A$0.6900). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$1.3B
Revenue growth (YoY) +6.6%
Net margin 6.3%
Return on equity 14.8%
Free cash flow A$42.7M FY2025
P/E ratio 24.6
More key figures
Operating margin 8.9%
EPS (TTM) A$0.1500
Dividend yield 3.6%
EPS growth (YoY) +8.8%
Net debt A$7.2M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 56 · Market factors (momentum, volatility) 82

Profitability 64
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 39
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Redox Limited supplies and distributes chemicals, ingredients, and raw materials in Australia, New Zealand, the United States, and internationally.

Full company description

Redox Limited supplies and distributes chemicals, ingredients, and raw materials in Australia, New Zealand, the United States, and internationally. It offers antioxidants, proteins and fibres, leaving agents, acidity regulator, sweeteners, thickeners, stabilisers and gums, vitamins, amino acids, mineral salts, preservatives, phosphates, humectants, essential and vegetable oils, herb and spice extracts, natural colours, emulsifier, dairy products, wine and brewing, cleaning and sanitation, specialities, additives, chemicals, emollients, emulsifiers, hair care, humectants, solvents, sunscreens, surfactants, thickeners, vegetable oils, processing aids and fining, cleaning and sanitation, waxes and fatty acids, and functional products. The company also offers feed trace elements and minerals, fats and oils, colours, fertilisers and trace elements, herbicides, fungicides, pool chlorination and bromination, water softeners, water hardeners, PH adjusters, UV stabilisers, spa shock, flocculants and coagulants, filter vessels, manganese remover, dechlorination, bore anti-fouling agents, anti-foams, odour control, boiler treatments, oxygen scavengers, corrosion inhibitors, organophosphonate sequestering agents, tannins, biocides, slimacides, algaecides and bactericides, polymeric dispersants homopolmers, polymeric dispersants copolymers, and activated carbon. In addition, it offers glass and glass insulation, wood preservatives, gypsum, plasterboard and drywall, concrete and admixtures, insulation, and ceramic and brick, transformers, esters, polyalphaolefins, polybutene, amines, oil soluble dyes, fatty acids, petroleum sulphonate, modifiers, deactivators, tackifier, antifoam, grease. The company serves detergents, plastics and foam, rubber, Mining, Oil and Gas, metals, textile and leather industries. Redox Limited was founded in 1965 and is headquartered in Minto, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Redox Limited reported revenue of A$1.2B in FY2025 versus A$796M in FY2021, a compound +11.8%/yr. Reported net income was A$77.1M in FY2025, compounding +12.8%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
A$1.2B
Latest YoY
+9.4%
Avg. growth/yr (3Y)
+4.8%
Avg. growth/yr (5Y)
+11.6%
Avg. growth/yr (6Y)
+9.9%
Revenue +11.8%/yr
FY21 A$796M
FY22 A$1.1B
FY23 A$1.3B
FY24 A$1.1B
FY25 A$1.2B
Net income +12.8%/yr
FY21 A$47.6M
FY22 A$88.0M
FY23 A$80.7M
FY24 A$90.2M
FY25 A$77.1M

RDX screens 48% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Redox Limited Fair Value". https://www.fairvalue-calculator.com/stock/RDX

Peer Group

Chemicals · 334 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside −48% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 7% · Above median
Dividend yield (TTM) 3.6% · Top 25%

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 24.6× · Cheaper than median
P/B 2.51× · Pricier than median
P/S (TTM) 1.07× · Cheaper than median
P/FCF 32.0× · Pricier than 75% of peers
EV/EBITDA 11.0× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 33 · sector 20
PAST 59 · sector 19
HEALTH 100 · sector 94
DIVIDEND 72 · sector 27

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Redox Limited (RDX) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of A$2.02 versus a price of A$3.85, about −48% (overvalued).
What is the fair value of RDX?
Our model-based fair value for Redox Limited is A$2.02 (as of Jul 19, 2026), built from audited fundamentals. The current price is A$3.85.
What is the quality score of RDX?
Redox Limited has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Redox Limited (RDX)?
Redox Limited reported trailing-twelve-month revenue of about A$1.3B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of RDX?
The net profit margin of Redox Limited is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.
Does Redox Limited pay a dividend?
Redox Limited currently shows a dividend yield of about 3.58% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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