{"id":3232,"date":"2019-06-03T12:42:19","date_gmt":"2019-06-03T02:12:19","guid":{"rendered":"https:\/\/strawman.com\/blog\/?p=3232"},"modified":"2019-06-03T14:36:36","modified_gmt":"2019-06-03T04:06:36","slug":"can-rectifier-technologies-asxrft-supercharge-your-portfolio","status":"publish","type":"post","link":"https:\/\/strawman.com\/blog\/can-rectifier-technologies-asxrft-supercharge-your-portfolio\/","title":{"rendered":"Can Rectifier Technologies (ASX:RFT) supercharge your portfolio?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">In a gold rush, it&#8217;s those that sell the picks &amp; shovels that make the real money. Why? Because while you can&#8217;t anticipate how much gold will be discovered, and by whom, the demand for tools is a given. <\/p>\n\n\n\n<p>Those looking for a &#8216;picks &amp; shovels&#8217; play for the electric vehicle boom could do a lot worse than ASX-listed <strong><a href=\"https:\/\/strawman.com\/member\/company\/forecasts\/RFT\">Rectifier Technologies<\/a><\/strong> (ASX:RFT). Founded in 1992, the company designs and manufactures high efficiency power rectifiers &#8212; a critical component of electric vehicle (EV) chargers. As of the most recent half, the electric vehicle segment delivered 70% of revenue following a spike of 634%.<\/p>\n\n\n\n<p>Rectifier technologies is a profitable business with a recently expanded manufacturing capacity and, following a period of substantial R&amp;D investment, has rolled out several new and innovative products. Importantly, the company has existing relationships with major industry players such as Tritium and Efacec.<\/p>\n\n\n\n<p>According to a recent market research report, the electric vehicle charging stations market is expected to grow from US$5.3 billion in 2018 to US$30.41 billion by 2023; representing average annual growth of over 40%. Key factors such as government funding, subsidies, and incentives, growing demand for electric vehicles, growing concern toward environmental pollution, and heavy investment from automakers of EVs are driving the electric vehicle charging stations market. <\/p>\n\n\n\n<p>Rectifier Technology shares have doubled in the past 12-months on the back of rapidly improving financials. Although the company hasn&#8217;t provided guidance for FY2019, a solid first half suggest net profit could come in around $2.5 million for the full year. That puts shares on a forward P\/E of around 27.<\/p>\n\n\n\n<p>In the context of a company that is likely to more than double sales in the current year, and that has a strong wind at its back, many in the Strawman community regard shares as undervalued. Indeed, Rectifier Technologies is ranked #6 on Strawman.<\/p>\n\n\n\n<p>To view the consensus valuation and company report for Rectifier Technologies, click the link below.<\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-background has-secondary-background-color\" href=\"https:\/\/strawman.com\/member\/company\/forecasts\/RFT\">Click here for Rectifier Technologies (ASX:RFT) share price &amp; research<br><\/a><\/div>\n\n\n\n<p class=\"has-text-color has-background has-very-dark-gray-color has-very-light-gray-background-color\"><em>Strawman is Australia&#8217;s premier online investment club. Join for free to access independent &amp; actionable recommendations from proven private investors.<\/em><br><\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-text-color has-very-light-gray-color has-background has-tertiary-background-color\" href=\"https:\/\/strawman.com\/member\/landing\/signup\">Register for free ASX recommendations<\/a><\/div>\n\n\n\n<p><em><strong>Disclaimer\u2013<\/strong> The author may hold positions in the stocks mentioned in this publication, at the time of writing. The information contained in the publication and the links shared are general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. For errors that warrant correction please contact the editor at admin@strawman.com.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p style=\"text-align:center\" class=\"has-text-color has-cyan-bluish-gray-color\">This Service provides general financial advice only, and has not taken your personal circumstances into account. Strawman Pty Ltd operates under AFSL 501223 . For more information please see our <a href=\"https:\/\/strawman.com\/member\/landing\/terms\">Terms of use<\/a>. Please remember that share market investments can go up and down and that past performance is not necessarily indicative of future returns. Strawman Pty Ltd does not guarantee the performance of, or returns on any investment.<\/p>\n\n\n\n<p style=\"text-align:center\" class=\"has-text-color has-cyan-bluish-gray-color\">\u00a9 2019 Strawman Pty Ltd. All rights reserved.<\/p>\n\n\n\n<p style=\"text-align:center\">| <a href=\"https:\/\/strawman.com\/member\/landing\/privacy\">Privacy Policy<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/strawman.com\/member\/landing\/terms\">Terms of Service<\/a> | <a href=\"https:\/\/strawman.com\/member\/landing\/fsg\">Financial Services Guide<\/a> | <\/p>\n\n\n\n<p style=\"text-align:center\" class=\"has-text-color has-cyan-bluish-gray-color\">ACN: 610 908 211 | Australian Financial Services Licence (AFSL): 501223<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A picks &#038; shovel play for the EV boom<\/p>\n","protected":false},"author":5,"featured_media":3234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Can Rectifier Technologies (ASX:RFT) supercharge your portfolio? 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