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Reliance Worldwide (RWC)

ASX.RWC $4.06

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ASX.RWC $4.06

20 MINUTE DELAYED

TODAY

0.50 %

1 YEAR RETURN

0.00%

VOLUME

2,721,511

DIV YIELD

3.29%

PE RATIO

17.22

52 WEEK RANGE

3.46

6.61

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	4.06
Change	0.02 (0.50)
Bid / Ask	4.06 - 4.07
Volume	2,721,511
Volume (3mths avg)	0
Turnover	11,202,628
Open	4.17
Day Range	4.03 - 4.18
VWAP	4.10
Prev Close	4.04
Last Trade	06.10 01/07 (AEST)

KEY INFORMATION
Sector	Capital Goods
Shares Issued	771,380,374
NTA/Share	0.00
Last Dividend	0.06
Dividend Ex Date	10 MAR 2022
Dividend Pay Date	08 APR 2022

CURRENT ()
Revenue
EBITDA
Profit
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00
Yield %	3.29
Market Cap	0.00
Price to Earnings Ratio (P/E)	17.22

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	0.00
EBITDA	0.00
Profit	0.00
Earnings Per Share (EPS)	0.00
Dividend Per Share (DPS)	0.00

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation ()

0.00

OPINION

12/04/2022 09:45

Reliance Worldwide (RWC) $3.91

Since the start of the year, RWC has fallen over 30% moving from a traditional ~10% premium to the ASX200 to a painful and out-of-character ~20% discount. The niche provider of plumbing fittings that are primarily used in ‘behind the wall’ systems has a flagship product called the Sharkbite which is a range of brass push-to-connect fittings. Towards the end of 2021 they made...

23/08/2021 16:35

Reliance Worldwide (RWC) $5.85

FY21 Results: The plumbing supplier reported revenue of $1.34bn (small beat), adjusted NPAT of $211.9m (beat), and a FY DPS of 13cps (beat) when they released results this morning. They didn’t provide any specific guidance other than saying positive sales growth in all regions to start FY22, although the growth in sales is less than FY21 to date.

23/08/2021 08:09

Reporting Today (ALD, CNU, GEM, NHF, RWC, SHL, VEA)

Companies reporting today on MM’s radar include: Ampol (ALD) 1H21 Results: Expectations for 1H21 NPAT of 171m & Dividend of $0.433 Charter Hall Group (CHC) FY21 Results: Funds From Operations (FFO) per share of $0.58, NPAT $269m & DPS of $0.38. FY22 expectations are for strong profit growth (+24%) to $333m Chorus (CNU) FY21 Results: Expectations for revenue of $947m, EBITDA of $645m, NPAT of $50.84m (down ~2% on FY20), EPS of $0.111, FY Dividend $0.25. Market currently pricing NPAT for FY22 of $49.25m, flat on FY21.

27/04/2021 09:22

Reliance Worldwide (RWC) $4.88

US based plumbing business RWC has rallied strongly since delivering an excellent half-year result back in February i.e. the company delivered a 56% increase in net profit to just shy of $100m.

16/04/2021 09:15

Reliance Worldwide (RWC) $4.59

Global plumbing business RWC has recovered solidly from its COVID low although the $5 area has remained a brick wall since late 2018.

02/02/2021 10:16

RWC releases half year figures $4.37

The manufacturer of plumbing goods was higher today on the back of some strong preliminary half year figures. They expect EBTIDA to come in at least 30% better than 1H20 to come in at $164m-$167m thanks to a big turnaround in demand driving operational leverage that was boosted by cost saving measures implemented in early 2020. Sales in the Americas was the standout, rising 16% on both repair and remodel demand strength

ACTION

RWC

UPDATED 12/04/2022 10:02

MM is neutral/positive RWC below $4

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RWC

UPDATED 24/08/2021 16:36

MM is neutral RWC around $6.00

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RWC

UPDATED 28/04/2021 06:32

MM likes RWC under $4.50

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RWC

UPDATED 16/04/2021 09:06

MM likes RWC back under $4

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Business Summary

Reliance Worldwide (RWC) is a manufacturer of plumbing and water flow products. Reliance operates predominately in “behind the wall” products. It benefits from strong housing starts, particularly in the US and Asia with a lower proportion of earnings coming from Australian operations.