Reliance Steel & Aluminum Co
NYSE:RS
Intrinsic Value
Reliance Steel & Aluminum Co. engages in the provision of metals processing services and distribution of metal products. [ Read More ]
The intrinsic value of one
RS
stock under the Base Case scenario is
242.2
USD.
Compared to the current market price of 264.64 USD,
Reliance Steel & Aluminum Co
is
Overvalued by 8%.
Valuation History
Reliance Steel & Aluminum Co
Intrinsic Value History...
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Fundamental Analysis
2023-Q3 Earnings Call
NEW
Artifical Intelligence Analysis
This quarter, pretax income and margins fell to $388 million and 10.7% from $510.9 million and 13.2% previously, primarily due to pricing pressures affecting volumes and margins. EPS stood at $5 on a non-GAAP basis. Despite lower profitability, year-to-date operating cash flow was a robust $1.15 billion, supported by efficient inventory management. The company's solid cash flow facilitated a share buyback, with $146.7 million repurchased in October. Looking to the fourth quarter, end market demand is stable, with tons sold expected to increase by 3.5% to 5.5% year-over-year. However, average selling prices per ton are expected to drop 4% to 6%, with a consequent modest dip in gross profit margins. The company projects Q4 non-GAAP EPS between $3.70 and $3.90.
Balance Sheet Decomposition
Reliance Steel & Aluminum Co
| Current Assets | 4.9B |
| Cash & Short-Term Investments | 977m |
| Receivables | 1.7B |
| Other Current Assets | 2.2B |
| Non-Current Assets | 5.6B |
| PP&E | 2.4B |
| Intangibles | 3.1B |
| Other Non-Current Assets | 118m |
| Current Liabilities | 879m |
| Accounts Payable | 445m |
| Accrued Liabilities | 433m |
| Other Current Liabilities | 300k |
| Non-Current Liabilities | 1.9B |
| Long-Term Debt | 1.1B |
| Other Non-Current Liabilities | 748m |
RS Profitability Score
Profitability Due Diligence
Reliance Steel & Aluminum Co's profitability score is 59/100. The higher the profitability score, the more profitable the company is.
Score
Reliance Steel & Aluminum Co's profitability score is 59/100. The higher the profitability score, the more profitable the company is.
RS Solvency Score
Solvency Due Diligence
Reliance Steel & Aluminum Co's solvency score is 92/100. The higher the solvency score, the more solvent the company is.
Score
Reliance Steel & Aluminum Co's solvency score is 92/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
RS Price Targets Summary
Reliance Steel & Aluminum Co
According to Wall Street analysts, the average 1-year price target for
RS
is 299.88 USD
with a low forecast of 282.8 USD and a high forecast of 325.5 USD.
Ownership
RS Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
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| 6 Months |
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| 9 Months |
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| 12 Months |
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Shareholder Return
RS Price
Reliance Steel & Aluminum Co
| Average Annual Return | 26.51% |
| Standard Deviation of Annual Returns | 34.61% |
| Max Drawdown | -17% |
| Market Capitalization | 15.4B USD |
| Shares Outstanding | 57 471 200 |
| Percentage of Shares Shorted | 1.96% |
Company Profile
Reliance Steel & Aluminum Co
Country
Industry
Market Cap
Dividend Yield
Description
Reliance Steel & Aluminum Co. engages in the provision of metals processing services and distribution of metal products. The company is headquartered in Los Angeles, California and currently employs 13,700 full-time employees. The firm provides value-added metals processing services and distributes metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products. Reliance serves various industries, including manufacturing, non-residential construction, transportation (rail, truck trailer and shipbuilding), aerospace and defense, energy (oil and natural gas), electronics and semiconductor fabrication, and heavy industry (agricultural, construction and mining equipment). The firm also serves the auto industry, through its toll processing operations. The firm provides a network of approximately 315 locations in 40 states in the United States and 13 other countries, including Australia, Belgium, Canada, China, France, India, Malaysia, Mexico, Singapore, South Korea, Turkey and the United Kingdom.
Contact
IPO
Employees
Officers
The intrinsic value of one
RS
stock under the Base Case scenario is
242.2
USD.
Compared to the current market price of 264.64 USD,
Reliance Steel & Aluminum Co
is
Overvalued by 8%.
Sensibly Priced Quality
Significantly Undervalued
Magic Formula
High Growth
