RELIANCE WORLDWIDE CORP. LIMITED (RWC)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$5.92

19 Sep
2024

0.080

OPEN

$5.88

1.37%

HIGH

$5.94

4,816,554

LOW

$5.81

TARGET
$5.717 -3.4% downside
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) 31.5 xxx
DPS (cps) 8.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 19.1 xxx
Dividend Yield 1.3% xxx
Div Pay Ratio(%) 25.3% 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: 1.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.20

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 © 2024 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

0.8

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

21/08/2024

1

Buy

$5.90

-0.34%

UBS highlighted Reliance Worldwide is seeing operational improvements into FY25, with higher depreciation/amortisation charges offsetting a positive FY25 EBITDA upgrade.

The broker likes the return to earnings growth for the core operations, pointing to M&A opportunities in some regions like the Holman acquisition which can be earnings accretive.

UBS revises EPS forecasts by -3% for FY25, due to the higher depreciation/amortisation.

Buy rating and $5.90 target maintained.

FORECAST
UBS forecasts a full year FY25 EPS of 30.38 cents.
UBS forecasts a full year FY26 EPS of 37.97 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Goldman Sachs

10/05/2024

1

Buy

$5.35

-9.63%

Goldman Sachs raises its target for Reliance Worldwide to $5.35 from $5.00 after increasing earnings (EBITDA) forecasts by 3% across FY25 and FY26 to reflect a full year contribution from the recently acquired Holman Industries.

On May 1, management confirmed its trading outlook for the remainder of FY24. Consoildated group revenue is expected to be down by low to mid-single digit percentage points compared with the previous corresponding period.

Goldman forecasts higher copper prices, but this cost hit should be largely recovered through incremental price rises, resulting in limited change to the broker's FY25/26 margin profile.

The Buy rating is maintained.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 7.59 cents and EPS of 31.90 cents.
Access Extra Coverage Research History >

RWC STOCK CHART

FNArena News on RWC

1
Rudi’s View: Key Picks, Best Buys & Conviction Calls

Sep 12 2024 - Rudi's View
2
Rudi’s View: Asking The Important Questions

Sep 11 2024 - Rudi's View
3
Rudi’s View: August Results Fail To Inspire

Sep 05 2024 - Rudi's View
4
Caution & Gyrations Dominated August Results

Sep 02 2024 - Australia
5
Australian Broker Call *Extra* Edition – Aug 22, 2024

Aug 22 2024 - Daily Market Reports

Latest Building Products & Services News

1
Bottom’s In For James Hardie

Jun 18 2024 - Technicals
2
Boral Beats, Outlook Cautious

Feb 12 2024 - Australia
3
Brickworks Underestimated & Cheap, Brokers Say

Oct 04 2023 - Australia
4
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
5
Johns Lyng And The Weather Factor

Jun 26 2023 - Small Caps
6
Treasure Chest: Boral To Prove Sceptics Wrong?

Apr 04 2023 - Treasure Chest
7
Added Bite from Reliance Worldwide’s New Products

Mar 30 2023 - Australia
8
Boral Shares Surge, Brokers Remain Cautious

Feb 09 2023 - Australia
9
Eye On (Small Cap) Building & Materials Stocks

Feb 01 2023 - Small Caps
10
Cost Blow-Out Rattles Fletcher Building

Dec 21 2022 - Australia