RELIANCE WORLDWIDE CORP. LIMITED (RWC)
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RWC

RWC - RELIANCE WORLDWIDE CORP. LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 2.11
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Reliance Worldwide is a global manufacturer and supplier of water control systems and plumbing solutions for domestic and industrial use. The company publicly listed in 2016 and has expanded into the UK and Europe since.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.68

13 Mar
2025

-0.150

OPEN

$4.81

-3.11%

HIGH

$4.84

4,215,946

LOW

$4.68

TARGET
$5.65 20.7% upside
OTHER COMPANIES IN THE SAME SECTOR
ACF . BKW . BRI . FBR . FBU . JHX . JLG . MGH . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
RWC: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 30.9 xxx
DPS (cps) 9.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 15.2 xxx
Dividend Yield 2.0% xxx
Div Pay Ratio(%) 29.9% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 1.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.55

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx21.4
DPS All xxxxxxxxxxxxxxx7.2
Sales/Revenue xxxxxxxxxxxxxxx1,901.1 M
Book Value Per Share xxxxxxxxxxxxxxx242.1
Net Operating Cash Flow xxxxxxxxxxxxxxx379.2 M
Net Profit Margin xxxxxxxxxxxxxxx8.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx8.98 %
Return on Invested Capital xxxxxxxxxxxxxxx6.27 %
Return on Assets xxxxxxxxxxxxxxx5.33 %
Return on Equity xxxxxxxxxxxxxxx8.98 %
Return on Total Capital xxxxxxxxxxxxxxx11.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx232.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx31 M
Long Term Debt xxxxxxxxxxxxxxx809 M
Total Debt xxxxxxxxxxxxxxx840 M
Goodwill - Gross xxxxxxxxxxxxxxx1,226 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx30 M
Price To Book Value xxxxxxxxxxxxxxx1.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx63.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.32 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,155 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx439 M
Research & Development xxxxxxxxxxxxxxx20 M
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

19/02/2025

3

Neutral

$5.60

19.66%

Following Reliance Worldwide's 1H results, UBS believes a US repair and renovation (R&R) recovery will take time, with management noting early positive sentiment has faded in the face of tariffs/possible inflation.

The broker also points to currency and copper (rising price) headwinds.

First half underlying profit of US$76m compared to the UBS and consensus forecasts for US$72m and US$74m, respectively, but FY25 revenue growth guidance missed consensus.

A drop in 1H corporate costs, steady EMEA margins, and ongoing manufacturing optimisation show management is in charge of the controllables, suggests UBS.

Neutral rating. The analyst's target falls by -4% to $5.60 due to lower revenue and margin expectations.

FORECAST
UBS forecasts a full year FY25 dividend of 7.65 cents and EPS of 30.61 cents.
UBS forecasts a full year FY26 dividend of 9.18 cents and EPS of 35.20 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

20/02/2025

1

Buy

$6.00

28.21%

Reliance Worldwide's 1H25 revenue beat Goldman Sachs' forecast by 2% mainly due to a pull forward of sales in the North America segment. 

EBITDA was 3% ahead of the broker's estimate, with the company delivering 3% sales growth on a flat market index in the Americas and stable Asia-Pacific.

The broker highlights the key negative was EMEA and specifically the UK, where sales into the core plumbing and heating market declined -9%. This, the broker suggests, is a key area of uncertainty for the group.

The broker cut FY26 EBITDA estimate by -2% and is now -7% below consensus. Target price cut marginally to $6.00 from $6.05 but Buy rating stays.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 9.18 cents and EPS of 29.08 cents.
Goldman Sachs forecasts a full year FY26 dividend of 9.18 cents and EPS of 33.67 cents.
Access Extra Coverage Research History >

RWC STOCK CHART

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