RUSSEL METALS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 39.52 CAD | +1.57% |
|
+0.18% | -12.24% |
| May. 02 | Transcript : Russel Metals Inc., Q1 2024 Earnings Call, May 02, 2024 | |
| May. 02 | North American Morning Briefing : Stock Futures -2- | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,378 | 1,413 | 2,120 | 1,797 | 2,732 | 2,374 | - |
| Enterprise Value (EV) 1 | 1,981 | 1,787 | 2,282 | 1,730 | 2,400 | 2,265 | 2,193 |
| P/E ratio | 13.9 x | 58.3 x | 4.88 x | 4.87 x | 10.4 x | 10.9 x | 9.06 x |
| Yield | 6.86% | 6.69% | 4.52% | 5.28% | 3.51% | 4.2% | 4.41% |
| Capitalization / Revenue | 0.37 x | 0.53 x | 0.5 x | 0.35 x | 0.61 x | 0.54 x | 0.49 x |
| EV / Revenue | 0.54 x | 0.66 x | 0.54 x | 0.34 x | 0.53 x | 0.52 x | 0.45 x |
| EV / EBITDA | 8.51 x | 11.2 x | 3.42 x | 2.99 x | 5.64 x | 6.3 x | 5.28 x |
| EV / FCF | 9.22 x | 5.16 x | 8.28 x | 5.43 x | 6.17 x | 19.1 x | 10.3 x |
| FCF Yield | 10.8% | 19.4% | 12.1% | 18.4% | 16.2% | 5.23% | 9.75% |
| Price to Book | - | 1.64 x | 1.7 x | - | 1.66 x | 1.34 x | 1.24 x |
| Nbr of stocks (in thousands) | 62,173 | 62,185 | 63,036 | 62,439 | 60,680 | 60,080 | - |
| Reference price 2 | 22.17 | 22.73 | 33.63 | 28.78 | 45.03 | 39.52 | 39.52 |
| Announcement Date | 2/11/20 | 2/10/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,676 | 2,688 | 4,208 | 5,071 | 4,505 | 4,392 | 4,850 |
| EBITDA 1 | 232.7 | 159 | 666.6 | 578.9 | 425.6 | 359.4 | 415.6 |
| EBIT 1 | 176 | 98.4 | 608.7 | 512.8 | 357.6 | 285.6 | 338.7 |
| Operating Margin | 4.79% | 3.66% | 14.46% | 10.11% | 7.94% | 6.5% | 6.98% |
| Earnings before Tax (EBT) | 105.4 | 27.9 | 580.1 | - | 348.7 | - | - |
| Net income | 76.6 | 24.5 | 432.2 | - | 266.7 | - | - |
| Net margin | 2.08% | 0.91% | 10.27% | - | 5.92% | - | - |
| EPS 2 | 1.590 | 0.3900 | 6.890 | 5.910 | 4.330 | 3.610 | 4.360 |
| Free Cash Flow 1 | 214.9 | 346.1 | 275.7 | 318.4 | 389 | 118.5 | 213.8 |
| FCF margin | 5.85% | 12.87% | 6.55% | 6.28% | 8.63% | 2.7% | 4.41% |
| FCF Conversion (EBITDA) | 92.35% | 217.67% | 41.36% | 55% | 91.4% | 32.97% | 51.46% |
| FCF Conversion (Net income) | 280.55% | 1,412.65% | 63.79% | - | 145.86% | - | - |
| Dividend per Share 2 | 1.520 | 1.520 | 1.520 | 1.520 | 1.580 | 1.660 | 1.742 |
| Announcement Date | 2/11/20 | 2/10/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,147 | 1,339 | 1,362 | 1,270 | 1,100 | 1,187 | 1,190 | 1,110 | 1,019 | 1,061 | 1,102 | 1,119 | 1,140 | 1,228 | 1,276 |
| EBITDA 1 | 164.3 | 153.1 | 188.8 | 139.6 | 97.4 | 116 | 131.4 | 95.6 | 82.2 | 84 | 87.57 | 93.72 | 89.17 | 94.93 | 108.4 |
| EBIT 1 | 149.7 | 137.3 | 172.7 | 123.4 | 79.4 | 100 | 114.7 | 79.3 | 63.6 | 66.3 | 68.84 | 75.4 | 73.06 | 81.6 | 89.83 |
| Operating Margin | 13.05% | 10.25% | 12.68% | 9.72% | 7.22% | 8.42% | 9.64% | 7.15% | 6.24% | 6.25% | 6.25% | 6.74% | 6.41% | 6.64% | 7.04% |
| Earnings before Tax (EBT) | 147.1 | 130.6 | 166.1 | - | - | - | 111.9 | 77.7 | 62.9 | 66.4 | - | - | - | - | - |
| Net income | 102.2 | 98.7 | 124 | - | - | - | 85 | 60.6 | 47.2 | 49.7 | - | - | - | - | - |
| Net margin | 8.91% | 7.37% | 9.1% | - | - | - | 7.15% | 5.46% | 4.63% | 4.68% | - | - | - | - | - |
| EPS 2 | 1.620 | 1.560 | 1.960 | 1.450 | 0.9300 | 1.190 | 1.370 | 0.9900 | 0.7800 | 0.8200 | 0.9600 | 1.045 | 0.9500 | 0.9950 | 1.145 |
| Dividend per Share 2 | 0.3800 | 0.3800 | 0.3800 | 0.3800 | 0.3800 | 0.3800 | 0.4000 | 0.4000 | 0.4000 | - | 0.4200 | 0.4200 | 0.4200 | 0.4200 | 0.4600 |
| Announcement Date | 2/10/22 | 5/3/22 | 8/10/22 | 11/9/22 | 2/9/23 | 5/8/23 | 8/10/23 | 11/8/23 | 2/8/24 | 5/1/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 602 | 373 | 162 | - | - | - | - |
| Net Cash position 1 | - | - | - | 67 | 332 | 109 | 181 |
| Leverage (Debt/EBITDA) | 2.589 x | 2.347 x | 0.2426 x | - | - | - | - |
| Free Cash Flow 1 | 215 | 346 | 276 | 318 | 389 | 119 | 214 |
| ROE (net income / shareholders' equity) | 7.86% | 5.53% | 41.1% | 26.5% | 16.7% | 12.3% | 13.6% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 8.8% | 10.6% |
| Assets | - | - | - | - | - | - | - |
| Book Value Per Share 2 | - | 13.90 | 19.80 | - | 27.20 | 29.40 | 32.00 |
| Cash Flow per Share 2 | 2.750 | 1.920 | 4.850 | 5.430 | 5.120 | 4.040 | 4.600 |
| Capex 1 | 34.8 | 24.9 | 28.8 | 41.5 | 72.7 | 110 | 83.3 |
| Capex / Sales | 0.95% | 0.93% | 0.68% | 0.82% | 1.61% | 2.5% | 1.72% |
| Announcement Date | 2/11/20 | 2/10/21 | 2/10/22 | 2/9/23 | 2/8/24 | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
39.52
CAD
Average target price
48.21
CAD
Spread / Average Target
+22.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.24% | 1.74B | |
| +32.38% | 2.28B | |
| -12.76% | 998M | |
| -30.97% | 822M | |
| -11.11% | 605M | |
| -4.87% | 512M | |
| -32.56% | 468M | |
| -27.72% | 402M | |
| +20.77% | 103M | |
| +4.50% | 78.7M |
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- Financials Russel Metals Inc.