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

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RWC - RELIANCE WORLDWIDE CORP. LIMITED

FNArena Sector : Building Products & Services
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 2.12
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

$3.75

27 Sep
2023

0.070

OPEN

$3.70

1.90%

HIGH

$3.75

2,456,616

LOW

$3.68

TARGET
$4.167 11.1% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABC . ACF . BKW . BLD . BRI . CSR . FBR . FBU . JHX . JLG . MGH . SFC . SRG . WGN .
FNARENA'S MARKET CONSENSUS FORECASTS
RWC: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 26.9 xxx
DPS (cps) 13.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 14.2 xxx
Dividend Yield 3.5% xxx
Div Pay Ratio(%) 49.5% 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: 3.69%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.74

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: 07/09 - ex-div 7.75c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx26.5
DPS All xxxxxxxxxxxxxxx14.2
Sales/Revenue xxxxxxxxxxxxxxx1,849.1 M
Book Value Per Share xxxxxxxxxxxxxxx235.8
Net Operating Cash Flow xxxxxxxxxxxxxxx330.5 M
Net Profit Margin xxxxxxxxxxxxxxx11.23 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.88 %
Return on Invested Capital xxxxxxxxxxxxxxx7.84 %
Return on Assets xxxxxxxxxxxxxxx6.78 %
Return on Equity xxxxxxxxxxxxxxx11.88 %
Return on Total Capital xxxxxxxxxxxxxxx11.82 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx166.7 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx23 M
Long Term Debt xxxxxxxxxxxxxxx814 M
Total Debt xxxxxxxxxxxxxxx837 M
Goodwill - Gross xxxxxxxxxxxxxxx1,173 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx25 M
Price To Book Value xxxxxxxxxxxxxxx1.74

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx63.2 M
Capex % of Sales xxxxxxxxxxxxxxx3.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,138 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx395 M
Research & Development xxxxxxxxxxxxxxx18 M
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

22/08/2023

1

Outperform

$4.55

21.33%

The operating results from Reliance Worldwide in FY23 were broadly in line with expectations. Macquarie was impressed that profitability improved markedly on the back of previous price action combined with cost reductions.

The result was particularly strong in the Americas. The company is cautious regarding many key markets, particularly EMEA, and envisages Australian new construction activity will weaken.

While the market environment is uncertain, the broker believes the company is managing what it can control very well and a "fitter business" will emerge. Outperform retained. Target is reduced to $4.55 from $4.60.

FORECAST
Macquarie forecasts a full year FY24 dividend of 13.53 cents and EPS of 26.32 cents.
Macquarie forecasts a full year FY25 dividend of 16.54 cents and EPS of 31.28 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

RWC STOCK CHART

FNArena News on RWC

1
Australian Broker Call *Extra* Edition – Sep 26, 2023

Sep 26 2023 - Daily Market Reports
2
Rudi’s Comprehensive August 2023 Review

Sep 21 2023 - Feature Stories
3
Rudi’s View: Navigating The Post-August Complexities

Sep 20 2023 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 25-08-23

Aug 28 2023 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Aug 23, 2023

Aug 23 2023 - Daily Market Reports

Latest Building Products & Services News

1
Analysts In Love With James Hardie, Yet Again

Aug 23 2023 - Australia
2
Johns Lyng And The Weather Factor

Jun 26 2023 - Small Caps
3
Treasure Chest: Boral To Prove Sceptics Wrong?

Apr 04 2023 - Treasure Chest
4
Added Bite from Reliance Worldwide’s New Products

Mar 30 2023 - Australia
5
Boral Shares Surge, Brokers Remain Cautious

Feb 09 2023 - Australia
6
Eye On (Small Cap) Building & Materials Stocks

Feb 01 2023 - Small Caps
7
Cost Blow-Out Rattles Fletcher Building

Dec 21 2022 - Australia
8
Divided Opinions on Reliance Worldwide

Dec 21 2022 - Australia
9
Maas Moves In On Melbourne Market

Dec 12 2022 - Small Caps
10
Fletcher Building Too Cautious, Too Cheap

Nov 30 2022 - Australia