REXEL SA (RXL.PA)
FR0010451203 - Common Stock
We assign a fundamental rating of 6 out of 10 to RXL. RXL was compared to 16 industry peers in the Trading Companies & Distributors industry. While RXL belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. RXL has a bad growth rate and is valued cheaply. RXL also has an excellent dividend rating. These ratings could make RXL a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
RXL had positive earnings in the past year.
In the past year RXL had a positive cash flow from operations.
Of the past 5 years RXL 4 years were profitable.
RXL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.49%, RXL belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
The Return On Equity of RXL (13.92%) is better than 75.00% of its industry peers.
With an excellent Return On Invested Capital value of 9.19%, RXL belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for RXL is in line with the industry average of 8.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.49% | ||
| ROE | 13.92% | ||
| ROIC | 9.19% |
ROA(3y)6%
ROA(5y)3.44%
ROE(3y)14.85%
ROE(5y)8.5%
ROIC(3y)10.11%
ROIC(5y)8.27%
1.3 Margins
RXL has a Profit Margin of 4.04%. This is in the better half of the industry: RXL outperforms 75.00% of its industry peers.
In the last couple of years the Profit Margin of RXL has grown nicely.
The Operating Margin of RXL (6.59%) is better than 81.25% of its industry peers.
RXL's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 22.42%, RXL is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
RXL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.59% | ||
| PM (TTM) | 4.04% | ||
| GM | 22.42% |
OM growth 3Y22.59%
OM growth 5Y8.37%
PM growth 3YN/A
PM growth 5Y32.18%
GM growth 3Y0.94%
GM growth 5Y0.65%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), RXL is creating some value.
RXL has less shares outstanding than it did 1 year ago.
The number of shares outstanding for RXL has been reduced compared to 5 years ago.
RXL has a worse debt/assets ratio than last year.
2.2 Solvency
RXL has an Altman-Z score of 2.72. This is not the best score and indicates that RXL is in the grey zone with still only limited risk for bankruptcy at the moment.
RXL has a Altman-Z score of 2.72. This is comparable to the rest of the industry: RXL outperforms 50.00% of its industry peers.
The Debt to FCF ratio of RXL is 4.88, which is a neutral value as it means it would take RXL, 4.88 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.88, RXL is doing good in the industry, outperforming 75.00% of the companies in the same industry.
RXL has a Debt/Equity ratio of 0.73. This is a neutral value indicating RXL is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.73, RXL is doing worse than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 4.88 | ||
| Altman-Z | 2.72 |
ROIC/WACC1.51
WACC6.08%
2.3 Liquidity
A Current Ratio of 1.65 indicates that RXL should not have too much problems paying its short term obligations.
With a Current ratio value of 1.65, RXL perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
RXL has a Quick Ratio of 1.04. This is a normal value and indicates that RXL is financially healthy and should not expect problems in meeting its short term obligations.
RXL has a Quick ratio of 1.04. This is comparable to the rest of the industry: RXL outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The earnings per share for RXL have decreased strongly by -15.46% in the last year.
The Earnings Per Share has been growing by 42.33% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 2.42% in the past year.
RXL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.46% yearly.
EPS 1Y (TTM)-15.46%
EPS 3YN/A
EPS 5Y42.33%
EPS Q2Q%-17.82%
Revenue 1Y (TTM)2.42%
Revenue growth 3Y15%
Revenue growth 5Y7.46%
Sales Q2Q%-1.37%
3.2 Future
Based on estimates for the next years, RXL will show a small growth in Earnings Per Share. The EPS will grow by 3.11% on average per year.
RXL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.99% yearly.
EPS Next Y-14.76%
EPS Next 2Y-2.93%
EPS Next 3Y1.07%
EPS Next 5Y3.11%
Revenue Next Year0.37%
Revenue Next 2Y1.91%
Revenue Next 3Y2.69%
Revenue Next 5Y2.99%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.30 indicates a reasonable valuation of RXL.
93.75% of the companies in the same industry are more expensive than RXL, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.54. RXL is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 9.54 indicates a reasonable valuation of RXL.
Based on the Price/Forward Earnings ratio, RXL is valued cheaply inside the industry as 81.25% of the companies are valued more expensively.
RXL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.99.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.3 | ||
| Fwd PE | 9.54 |
4.2 Price Multiples
81.25% of the companies in the same industry are more expensive than RXL, based on the Enterprise Value to EBITDA ratio.
RXL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. RXL is cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.94 | ||
| EV/EBITDA | 6.54 |
4.3 Compensation for Growth
RXL has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.22
EPS Next 2Y-2.93%
EPS Next 3Y1.07%
5. Dividend
5.1 Amount
RXL has a Yearly Dividend Yield of 5.03%, which is a nice return.
RXL's Dividend Yield is rather good when compared to the industry average which is at 2.87. RXL pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, RXL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.03% |
5.2 History
The dividend of RXL is nicely growing with an annual growth rate of 23.49%!
Dividend Growth(5Y)23.49%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
RXL pays out 46.10% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of RXL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP46.1%
EPS Next 2Y-2.93%
EPS Next 3Y1.07%
REXEL SA
EPA:RXL (12/24/2024, 7:00:00 PM)
23.9
-0.3 (-1.24%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)
Earnings (Next)
Inst Owners74.48%
Inst Owner ChangeN/A
Ins Owners0.02%
Ins Owner ChangeN/A
Market Cap7.13B
Analysts76.47
Price Target27.84 (16.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.03% |
Dividend Growth(5Y)23.49%
DP46.1%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.92%
PT rev (3m)-1.57%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-8.03%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.3 | ||
| Fwd PE | 9.54 | ||
| P/S | 0.37 | ||
| P/FCF | 7.94 | ||
| P/OCF | 6.84 | ||
| P/B | 1.28 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.54 |
EPS(TTM)2.57
EY10.75%
EPS(NY)2.51
Fwd EY10.48%
FCF(TTM)3.01
FCFY12.59%
OCF(TTM)3.49
OCFY14.61%
SpS64.22
BVpS18.66
TBVpS-0.1
PEG (NY)N/A
PEG (5Y)0.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.49% | ||
| ROE | 13.92% | ||
| ROCE | 12.58% | ||
| ROIC | 9.19% | ||
| ROICexc | 9.58% | ||
| ROICexgc | 22.23% | ||
| OM | 6.59% | ||
| PM (TTM) | 4.04% | ||
| GM | 22.42% | ||
| FCFM | 4.69% |
ROA(3y)6%
ROA(5y)3.44%
ROE(3y)14.85%
ROE(5y)8.5%
ROIC(3y)10.11%
ROIC(5y)8.27%
ROICexc(3y)11.13%
ROICexc(5y)9.07%
ROICexgc(3y)28.61%
ROICexgc(5y)24.47%
ROCE(3y)13.81%
ROCE(5y)11.28%
ROICexcg growth 3Y19.08%
ROICexcg growth 5Y2.64%
ROICexc growth 3Y26.29%
ROICexc growth 5Y10.47%
OM growth 3Y22.59%
OM growth 5Y8.37%
PM growth 3YN/A
PM growth 5Y32.18%
GM growth 3Y0.94%
GM growth 5Y0.65%
F-Score5
Asset Turnover1.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 4.88 | ||
| Debt/EBITDA | 2.45 | ||
| Cap/Depr | 35.94% | ||
| Cap/Sales | 0.75% | ||
| Interest Coverage | 7.19 | ||
| Cash Conversion | 62.68% | ||
| Profit Quality | 115.88% | ||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | 2.72 |
F-Score5
WACC6.08%
ROIC/WACC1.51
Cap/Depr(3y)37.74%
Cap/Depr(5y)31.08%
Cap/Sales(3y)0.76%
Cap/Sales(5y)0.81%
Profit Quality(3y)93.31%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.46%
EPS 3YN/A
EPS 5Y42.33%
EPS Q2Q%-17.82%
EPS Next Y-14.76%
EPS Next 2Y-2.93%
EPS Next 3Y1.07%
EPS Next 5Y3.11%
Revenue 1Y (TTM)2.42%
Revenue growth 3Y15%
Revenue growth 5Y7.46%
Sales Q2Q%-1.37%
Revenue Next Year0.37%
Revenue Next 2Y1.91%
Revenue Next 3Y2.69%
Revenue Next 5Y2.99%
EBIT growth 1Y-4.83%
EBIT growth 3Y40.98%
EBIT growth 5Y16.46%
EBIT Next Year19.73%
EBIT Next 3Y10.52%
EBIT Next 5Y3.3%
FCF growth 1Y42.09%
FCF growth 3Y9.64%
FCF growth 5Y21.26%
OCF growth 1Y39.62%
OCF growth 3Y10.18%
OCF growth 5Y17.91%