Redox stock: Morningstar sets AUD 4.40 fair value for Redox stock

Published on 10/24/2026 at 04:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morningstar kept its AUD 4.40 fair value on October 8, 2026. Redox stock had FY26 sales of AUD 1.33 billion, up 6.90 percent.

Board change and operating figures

Mary Verschuer succeeded Ian Campbell as chair at Redox's October 7, 2026 annual meeting.
Fiscal 2026 sales reached AUD 1.33 billion, up 6.90 percent from the prior year.
Redox's market capitalization was AUD 1.8 billion on October 23, 2026.

Redox, AU0000284895, Illustration mit AI erstellt.

Redox (ISIN AU0000284895) generated AUD 1.33 billion in fiscal 2026 sales, an increase of 6.90 percent from the prior year. Morningstar maintained its AUD 4.40 fair value estimate for Redox on October 8, 2026, while noting that first-quarter fiscal 2027 selling prices were 9.00 percent higher year over year and volumes were flat.

Leadership changes after October 7

Redox's annual meeting on October 7, 2026 marked a board transition. Mary Verschuer succeeded Ian Campbell as chair, while Sheila Lines became an independent non-executive director on September 1, 2026, according to Quartr.

The chronology shows a stronger operating base before the leadership change. Redox reported AUD 656.61 million in second-half fiscal 2026 revenue on February 19, 2026, fiscal 2026 sales of AUD 1.33 billion on August 20, 2026, and the chair succession at the October 7, 2026 annual meeting. The dated announcement sequence is listed by Bold Investors.

What does 22.40 percent margin mean?

Fiscal 2026 gross profit reached AUD 298 million and the gross margin was 22.40 percent, up 0.80 percentage points from the prior year, while net profit after tax was AUD 92 million, up 19.20 percent, according to Quartr. Morningstar expects fiscal 2027 revenue growth of 6.00 percent and a gross margin estimate of 22.00 percent, linking the operating picture to cost-of-living pressure and lower customer volumes.

Valuation against operating growth

Morningstar's AUD 4.40 fair value is paired with a cautious assessment of demand and margin durability. Redox serves almost 200 industry subsectors and more than 1,200 product groups, which supports diversification but leaves the company exposed to chemical, freight and foreign-exchange costs.

The primary market context is Australia, where Redox is listed on the ASX under ticker RDX. Its market capitalization was AUD 1.8 billion on October 23, 2026, and the 52-week range was AUD 2.50 to AUD 4.16.