RB Global logged a 8.7% change during today's morning session, and is now trading at a price of $104.94 per share.
RB Global returned gains of 44.8% last year, with its stock price reaching a high of $106.8 and a low of $65.99. Over the same period, the stock outperformed the S&P 500 index by 21.8%. More recently, the company's 50-day average price was $92.04. RB Global, Inc., an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The Large-Cap Consumer Discretionary company is based in Westchester, IL. RB Global has not offered a dividend during the last year.
The Firm Has a Highly Leveraged Balance Sheet:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $1,170 | $1,319 | $1,377 | $1,417 | $1,734 | $3,680 |
| Operating Margins | 16% | 17% | 19% | 17% | 26% | 13% |
| Net Margins | 10% | 11% | 12% | 11% | 18% | 6% |
| Net Income (M) | $121 | $149 | $170 | $152 | $320 | $206 |
| Net Interest Expense (M) | $45 | $41 | $36 | $37 | $58 | $214 |
| Depreciation & Amort. (M) | $67 | $71 | $75 | $32 | $31 | $86 |
| Diluted Shares (M) | 109 | 110 | 110 | 111 | 112 | 168 |
| Earnings Per Share | $1.11 | $1.36 | $1.54 | $1.36 | $2.86 | $1.04 |
| EPS Growth | n/a | 22.52% | 13.24% | -11.69% | 110.29% | -63.64% |
| Free Cash Flow (M) | $127 | $319 | $244 | $308 | $431 | $316 |
| CAPEX (M) | $17 | $14 | $14 | $10 | $32 | $228 |
| Total Debt (M) | $724 | $664 | $647 | $1,741 | $586 | $3,090 |
| Net Debt / EBITDA | 1.93 | 1.04 | 1.09 | 5.17 | 0.19 | 4.51 |
| Current Ratio | 1.37 | 1.36 | 1.08 | 1.3 | 1.21 | 1.35 |
RB Global's Valuation Is in Line With Its Sector Averages:
RB Global has a trailing twelve month P/E ratio of 45.8, compared to an average of 22.6 for the Consumer Discretionary sector. Based on its EPS guidance of $5.09, the company has a forward P/E ratio of 18.1. RB Global's PEG ratio is 3.03 on the basis of the 15.1% weighted average of the company and the broader market's EPS compound average growth rates. This suggests that the company's shares are overvalued. Furthermore, RB Global is likely overvalued compared to the book value of its equity, since its P/B ratio of 3.71 is higher than the sector average of 3.19. The company's shares are currently trading 297.2% below their Graham number.
RB Global Has an Analyst Consensus of Some Upside Potential:
The 10 analysts following RB Global have set target prices ranging from $57.0 to $120.0 per share, for an average of $105.15 with a buy rating. The company is trading -0.2% away from its average target price, indicating that there is an analyst consensus of some upside potential.
RB Global has an average amount of shares sold short because 2.1% of the company's shares are sold short. Institutions own 96.3% of the company's shares, and the insider ownership rate stands at 1.89%, suggesting a large amount of insider shareholders. The largest shareholder is Vanguard Group Inc, whose 13% stake in the company is worth $2,614,875,622.
