Russel Metals
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Russel Metals Inc. distributes steel and metal products in North America. The last earnings update was 72 days ago. More info.
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RUS Share Price and Events
7 Day Returns
1 Year Returns
RUS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Russel Metals (RUS) | -0.2% | 0.7% | 3.5% | -16.4% | 11.6% | -23.3% |
| CA Trade Distributors | 0.7% | 2.4% | 3.6% | -8.5% | 28.4% | 16.6% |
| CA Market | 0.8% | 2.3% | 7.9% | 3.9% | 15.4% | 7.5% |
1 Year Return vs Industry and Market
- RUS underperformed the Trade Distributors industry which returned -8.5% over the past year.
- RUS underperformed the Market in Canada which returned 3.9% over the past year.
RUS Value
Is Russel Metals undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Russel Metals
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Russel Metals.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Trade Distributors Unlevered Beta | Simply Wall St/ S&P Global | 1 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.004 (1 + (1- 26.5%) (37.95%)) |
1.191 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.19 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.191 * 5.96%) |
9.04% |
Discounted Cash Flow Calculation for TSX:RUS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Russel Metals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 9.04%) |
|
|---|---|---|---|
| 2019 | 172.00 | Analyst x1 | 157.74 |
| 2020 | 178.00 | Analyst x1 | 149.70 |
| 2021 | 183.30 | Est @ 2.98% | 141.38 |
| 2022 | 188.20 | Est @ 2.67% | 133.11 |
| 2023 | 192.81 | Est @ 2.45% | 125.07 |
| 2024 | 197.25 | Est @ 2.3% | 117.33 |
| 2025 | 201.58 | Est @ 2.19% | 109.97 |
| 2026 | 205.85 | Est @ 2.12% | 102.98 |
| 2027 | 210.11 | Est @ 2.07% | 96.40 |
| 2028 | 214.38 | Est @ 2.03% | 90.20 |
| Present value of next 10 years cash flows | CA$1,223.87 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$214.38 × (1 + 1.95%) ÷ (9.04% – 1.95%) |
CA$3,079.93 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$3,079.93 ÷ (1 + 9.04%)10 |
CA$1,295.87 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$1,223.87 + CA$1,295.87 |
CA$2,519.74 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$2,519.74 / 62.11 |
CA$40.57 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$40.57 |
| Current discount | Discount to share price of
CA$24.27
= -1 x (CA$24.27 - CA$40.57) / CA$40.57 |
40.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Russel Metals's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Russel Metals's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Russel Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Russel Metals's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CAD | CA$3.53 |
| TSX:RUS Share Price ** | TSX (2019-04-18) in CAD | CA$24.27 |
| Canada Trade Distributors Industry PE Ratio | Median Figure of 13 Publicly-Listed Trade Distributors Companies | 10.34x |
| Canada Market PE Ratio | Median Figure of 556 Publicly-Listed Companies | 15.29x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Russel Metals.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:RUS Share Price ÷ EPS (both in CAD) = 24.27 ÷ 3.53 |
6.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Russel Metals is good value based on earnings compared to the CA Trade Distributors industry average.
- Russel Metals is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does
Russel Metals's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.87x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
-16.4%per year |
| Canada Trade Distributors Industry PEG Ratio | Median Figure of 6 Publicly-Listed Trade Distributors Companies | 0.96x |
| Canada Market PEG Ratio | Median Figure of 256 Publicly-Listed Companies | 1.21x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 6.87x ÷ -16.4% |
-0.42x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Russel Metals earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Russel Metals's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CAD | CA$16.18 |
| TSX:RUS Share Price * | TSX (2019-04-18) in CAD | CA$24.27 |
| Canada Trade Distributors Industry PB Ratio | Median Figure of 17 Publicly-Listed Trade Distributors Companies | 1.05x |
| Canada Market PB Ratio | Median Figure of 2,377 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:RUS Share Price ÷ Book Value per Share (both in CAD) = 24.27 ÷ 16.18 |
1.5x |
* Primary Listing of Russel Metals.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Russel Metals is overvalued based on assets compared to the CA Trade Distributors industry average.
Value checks
We assess Russel Metals's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check) Russel Metals has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
RUS Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Russel Metals's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
- Russel Metals's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
- Russel Metals's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:RUS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | -16.4% |
| TSX:RUS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | -3% |
| Canada Trade Distributors Industry Earnings Growth Rate | Market Cap Weighted Average | 11.9% |
| Canada Trade Distributors Industry Revenue Growth Rate | Market Cap Weighted Average | 4% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 17.9% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3,924 | 161 | 4 | |
| 2019-12-31 | 3,947 | 149 | 4 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4,165 | 88 | 219 |
| 2018-09-30 | 3,875 | -36 | 201 |
| 2018-06-30 | 3,586 | -8 | 166 |
| 2018-03-31 | 3,424 | -53 | 133 |
| 2017-12-31 | 3,296 | -68 | 124 |
| 2017-09-30 | 3,125 | -1 | 119 |
| 2017-06-30 | 2,913 | 45 | 101 |
| 2017-03-31 | 2,720 | 98 | 85 |
| 2016-12-31 | 2,579 | 172 | 63 |
| 2016-09-30 | 2,598 | 305 | -95 |
| 2016-06-30 | 2,732 | 376 | -98 |
| 2016-03-31 | 2,870 | 420 | -98 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Russel Metals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 2.54 | 2.75 | 2.26 | 3.00 |
| 2019-12-31 | 2.45 | 2.64 | 2.32 | 3.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.53 |
| 2018-09-30 | 3.24 |
| 2018-06-30 | 2.69 |
| 2018-03-31 | 2.15 |
| 2017-12-31 | 2.00 |
| 2017-09-30 | 1.92 |
| 2017-06-30 | 1.63 |
| 2017-03-31 | 1.37 |
| 2016-12-31 | 1.02 |
| 2016-09-30 | -1.54 |
| 2016-06-30 | -1.59 |
| 2016-03-31 | -1.59 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Russel Metals's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Russel Metals has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
RUS Past Performance
How has Russel Metals performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Russel Metals's year on year earnings growth rate has been positive over the past 5 years.
- Russel Metals's 1-year earnings growth exceeds its 5-year average (76.9% vs 15.3%)
- Russel Metals's earnings growth has exceeded the CA Trade Distributors industry average in the past year (76.9% vs 30.7%).
Earnings and Revenue History
All data from Russel Metals Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 4,165.00 | 219.00 | 335.10 | |
| 2018-09-30 | 3,874.70 | 200.80 | 322.50 | |
| 2018-06-30 | 3,585.50 | 166.30 | 302.40 | |
| 2018-03-31 | 3,423.80 | 132.70 | 286.20 | |
| 2017-12-31 | 3,296.00 | 123.80 | 274.90 | |
| 2017-09-30 | 3,124.50 | 118.50 | 271.90 | |
| 2017-06-30 | 2,912.80 | 100.70 | 260.20 | |
| 2017-03-31 | 2,720.00 | 84.60 | 252.40 | |
| 2016-12-31 | 2,578.60 | 62.80 | 250.50 | |
| 2016-09-30 | 2,598.00 | -95.20 | 241.60 | |
| 2016-06-30 | 2,732.20 | -98.30 | 247.70 | |
| 2016-03-31 | 2,869.80 | -98.30 | 247.60 | |
| 2015-12-31 | 3,111.60 | -87.60 | 254.80 | |
| 2015-09-30 | 3,451.80 | 78.80 | 271.80 | |
| 2015-06-30 | 3,717.20 | 98.90 | 279.00 | |
| 2015-03-31 | 3,849.20 | 113.00 | 288.20 | |
| 2014-12-31 | 3,869.30 | 123.50 | 287.80 | |
| 2014-09-30 | 3,667.20 | 115.20 | 280.00 | |
| 2014-06-30 | 3,425.20 | 101.20 | 269.90 | |
| 2014-03-31 | 3,290.00 | 90.60 | 257.80 | |
| 2013-12-31 | 3,187.80 | 83.20 | 248.80 | |
| 2013-09-30 | 3,142.60 | 80.50 | 240.00 | |
| 2013-06-30 | 3,058.40 | 84.00 | 227.80 | |
| 2013-03-31 | 3,019.00 | 86.60 | 220.80 | |
| 2012-12-31 | 3,000.10 | 97.90 | 216.50 | |
| 2012-09-30 | 2,945.80 | 106.30 | 210.20 | |
| 2012-06-30 | 2,938.60 | 109.60 | 208.80 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Russel Metals has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Russel Metals used its assets more efficiently than the CA Trade Distributors industry average last year based on Return on Assets.
- Russel Metals has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Russel Metals's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Russel Metals has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
RUS Health
How is Russel Metals's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Russel Metals's finances.
The net worth of a company is the difference between its assets and liabilities.
- Russel Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Russel Metals's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Russel Metals Company Filings, last reported 3 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,004.90 | 572.10 | 124.30 |
| 2018-09-30 | 958.30 | 610.30 | 73.30 |
| 2018-06-30 | 918.30 | 575.40 | 117.20 |
| 2018-03-31 | 859.20 | 558.60 | 136.00 |
| 2017-12-31 | 826.80 | 504.30 | 125.80 |
| 2017-09-30 | 819.90 | 481.00 | 145.80 |
| 2017-06-30 | 819.80 | 422.80 | 164.30 |
| 2017-03-31 | 830.30 | 374.50 | 168.80 |
| 2016-12-31 | 825.30 | 330.80 | 181.80 |
| 2016-09-30 | 805.80 | 411.40 | 192.80 |
| 2016-06-30 | 806.70 | 389.30 | 163.40 |
| 2016-03-31 | 818.90 | 372.20 | 140.70 |
| 2015-12-31 | 868.90 | 389.90 | 143.40 |
| 2015-09-30 | 1,009.00 | 478.40 | 94.40 |
| 2015-06-30 | 987.30 | 488.10 | 27.50 |
| 2015-03-31 | 996.80 | 494.40 | 15.90 |
| 2014-12-31 | 965.00 | 485.20 | 53.40 |
| 2014-09-30 | 940.80 | 460.20 | 27.60 |
| 2014-06-30 | 909.40 | 475.30 | 52.20 |
| 2014-03-31 | 902.50 | 459.30 | 86.30 |
| 2013-12-31 | 882.40 | 458.40 | 116.20 |
| 2013-09-30 | 862.60 | 472.10 | 139.10 |
| 2013-06-30 | 870.60 | 478.70 | 160.60 |
| 2013-03-31 | 853.30 | 481.40 | 137.80 |
| 2012-12-31 | 829.40 | 470.10 | 115.10 |
| 2012-09-30 | 820.30 | 452.70 | 247.10 |
| 2012-06-30 | 837.90 | 452.10 | 272.10 |
- Russel Metals's level of debt (56.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (51.9% vs 56.9% today).
- Debt is not well covered by operating cash flow (15.4%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 10.6x coverage).
Financial health checks
We assess Russel Metals's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Russel Metals has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
RUS Dividends
What is Russel Metals's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Russel Metals
shares you are expected to receive
CA$125
in your first year as a dividend.
Dividend Amount
- Russel Metals's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.04%).
- Russel Metals's dividend is above the markets top 25% of dividend payers in Canada (5.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Canada Trade Distributors Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 3% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.4% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 1.52 | 3.00 |
| 2019-12-31 | 1.52 | 3.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-07 | 1.520 | 6.340 |
| 2018-11-07 | 1.520 | 6.694 |
| 2018-08-09 | 1.520 | 5.654 |
| 2018-02-14 | 1.520 | 5.295 |
| 2017-11-08 | 1.520 | 5.150 |
| 2017-08-02 | 1.520 | 5.586 |
| 2017-05-03 | 1.520 | 5.995 |
| 2017-02-16 | 1.520 | 5.713 |
| 2016-11-08 | 1.520 | 5.799 |
| 2016-05-03 | 1.520 | 6.821 |
| 2016-02-16 | 1.520 | 7.775 |
| 2015-10-30 | 1.520 | 9.208 |
| 2015-08-12 | 1.520 | 7.197 |
| 2015-05-05 | 1.520 | 6.638 |
| 2014-11-04 | 1.520 | 5.828 |
| 2014-08-12 | 1.520 | 4.380 |
| 2014-05-06 | 1.400 | 4.109 |
| 2014-02-19 | 1.400 | 4.613 |
| 2013-11-07 | 1.400 | 4.803 |
| 2013-08-07 | 1.400 | 5.133 |
| 2013-05-02 | 1.400 | 5.413 |
| 2013-02-12 | 1.400 | 4.953 |
| 2012-10-30 | 1.400 | 4.998 |
| 2012-08-02 | 1.400 | 5.289 |
| 2012-05-03 | 1.400 | 5.559 |
| 2012-02-15 | 1.200 | 4.487 |
| 2011-11-03 | 1.200 | 5.038 |
| 2011-08-03 | 1.200 | 5.471 |
| 2011-05-12 | 1.100 | 4.585 |
| 2011-02-17 | 1.100 | 4.226 |
| 2010-11-02 | 1.000 | 4.423 |
| 2010-08-11 | 1.000 | 4.957 |
| 2010-05-12 | 1.000 | 5.280 |
| 2010-02-18 | 1.000 | 5.015 |
| 2009-11-03 | 1.000 | 5.754 |
| 2009-08-05 | 1.000 | 5.984 |
| 2009-05-12 | 1.000 | 6.722 |
| 2009-04-21 | 1.000 | 7.481 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Russel Metals's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.3x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess Russel Metals's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Russel Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Russel Metals has a total score of 6/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
RUS Management
CEO
| COMPENSATION | CA$6,349,494 |
| AGE | 49 |
| TENURE AS CEO | 0.9 years |
CEO Bio
Mr. John Gregory Reid has been the President at Russel Metals Inc. since January 01, 2016 and has been its Chief Executive Officer since May 2, 2018. Mr. Reid served as Chief Operating Officer at Russel Metals Inc. since February 21, 2013 and as its Executive Vice President since May 2, 2013 until January 01, 2016. Mr. Reid served as the President of the JMS Russel Metals Corp. at Russel Metals Inc. since 2007. He served as Vice President of Operations - Service Centers at Russel Metals Inc. from 2009 to 2013. He served as Vice President of US Operations at Russel Metals Inc. from September 17, 2009 to September 2010. He has an impressive track record with 26 years of industry experience as an entrepreneur, a manager and a leader. He has been Director at Russel Metals Inc. since May 2, 2018. Mr. Reid started with JMS Metals Services, Inc. and related companies (“JMS“) in 1991 and served as President of JMS since 1994.
CEO Compensation
- John's compensation has increased by more than 20% in the past year.
- John's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the Russel Metals management team in years:
- The average tenure for the Russel Metals management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
John Reid
CEO, President & Director
CA$6M
49
0.9 yrs
Marion Britton
Executive VP
CA$3M
11.2 yrs
Ryan MacDermid
Vice President of Risk Management & Legal
4.1 yrs
Dean Rougas
President of Spartan Steel Products Division
8.3 yrs
Lesley M. Coleman
VP, Controller & Assistant Secretary
CA$289K
14.3 yrs
Reynold Wilden
President of Pioneer Pipe
Sherri McKelvey
Assistant Secretary
Board of Directors Tenure
Average tenure and age of the Russel Metals board of directors in years:
- The tenure for the Russel Metals board of directors is about average.
Board of Directors
Jim Dinning
Chair of the Board
CA$247K
64
4.9 yrs
John Reid
CEO, President & Director
CA$6M
49
0.9 yrs
Bill O'Reilly
Independent Director
CA$152K
69
9.9 yrs
John Clark
Independent Director
CA$158K
63
6.9 yrs
John Tulloch
Independent Director
CA$154K
71
5.9 yrs
Brian Hedges
Non-Independent Director
CA$3M
65
9.9 yrs
Alain Benedetti
Independent Director
CA$151K
69
13.2 yrs
Alice Laberge
Independent Director
CA$152K
61
11.8 yrs
Barbara Jeremiah
Independent Director
CA$149K
66
2.9 yrs
Annie Thabet
Director
CA$144K
57
1.3 yrs
Who owns this company?
Recent Insider Trading
- Russel Metals insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27. Feb 19 | Sell | Alain Benedetti | Individual | 26. Feb 19 | 26. Feb 19 | -10,000 | CA$24.32 | CA$-243,225 | ||
| 12. Feb 19 | Buy | Barbara Jeremiah | Individual | 12. Feb 19 | 12. Feb 19 | 2,585 | CA$22.96 | CA$59,352 | ||
| 17. Dec 18 | Buy | Ryan MacDermid | Individual | 17. Dec 18 | 17. Dec 18 | 1,366 | CA$20.82 | CA$28,434 | ||
| 17. Dec 18 | Buy | Annie Thabet | Individual | 14. Dec 18 | 14. Dec 18 | 2,340 | CA$20.92 | CA$48,851 | ||
| 14. Dec 18 | Buy | William O'Reilly | Individual | 14. Dec 18 | 14. Dec 18 | 700 | CA$20.90 | CA$14,630 | ||
| 14. Dec 18 | Buy | Brian Hedges | Individual | 13. Dec 18 | 13. Dec 18 | 5,000 | CA$21.19 | CA$105,390 | ||
| 13. Dec 18 | Buy | Alice Laberge | Individual | 12. Dec 18 | 12. Dec 18 | 1,000 | CA$21.23 | CA$21,230 | ||
| 11. Dec 18 | Buy | James Dinning | Individual | 10. Dec 18 | 10. Dec 18 | 1,000 | CA$21.10 | CA$21,100 | ||
| 11. Dec 18 | Buy | William O'Reilly | Individual | 10. Dec 18 | 10. Dec 18 | 4,000 | CA$21.20 | CA$84,687 | ||
| 07. Dec 18 | Buy | Alain Benedetti | Individual | 06. Dec 18 | 06. Dec 18 | 10,000 | CA$21.92 | CA$219,171 | ||
| 05. Dec 18 | Buy | Alice Laberge | Individual | 05. Dec 18 | 05. Dec 18 | 400 | CA$22.31 | CA$8,924 | ||
| 28. Nov 18 | Buy | James Dinning | Individual | 27. Nov 18 | 27. Nov 18 | 1,000 | CA$22.73 | CA$22,730 | ||
| 28. Nov 18 | Buy | William O'Reilly | Individual | 28. Nov 18 | 28. Nov 18 | 5,000 | CA$22.94 | CA$114,663 | ||
| 15. Nov 18 | Buy | Annie Thabet | Individual | 12. Nov 18 | 12. Nov 18 | 3,750 | CA$26.00 | CA$97,500 | ||
| 31. Aug 18 | Sell | Maureen Kelly | Individual | 30. Aug 18 | 30. Aug 18 | -3,550 | CA$29.33 | CA$-103,582 | ||
| 29. Aug 18 | Sell | Maureen Kelly | Individual | 24. Aug 18 | 24. Aug 18 | -2,000 | CA$28.77 | CA$-57,527 | ||
| 17. Aug 18 | Buy | William O'Reilly | Individual | 16. Aug 18 | 16. Aug 18 | 1,000 | CA$28.76 | CA$28,757 | ||
| 29. Jun 18 | Buy | James Dinning | Individual | 28. Jun 18 | 28. Jun 18 | 2,000 | CA$26.91 | CA$53,822 | ||
| 22. Jun 18 | Buy | Barbara Jeremiah | Individual | 22. Jun 18 | 22. Jun 18 | 750 | CA$28.62 | CA$21,465 | ||
| 08. Jun 18 | Sell | Maureen Kelly | Individual | 05. Jun 18 | 05. Jun 18 | -3,100 | CA$28.75 | CA$-88,848 | ||
| 04. Jun 18 | Buy | Annie Thabet | Individual | 04. Jun 18 | 04. Jun 18 | 1,500 | CA$29.05 | CA$43,575 | ||
| 09. May 18 | Sell | David Halcrow | Individual | 08. May 18 | 08. May 18 | -5,000 | CA$30.60 | CA$-153,000 | ||
Management checks
We assess Russel Metals's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Russel Metals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
RUS News
Simply Wall St News
What Kind Of Investor Owns Most Of Russel Metals Inc. (TSE:RUS)?
(TSE:RUS), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … institutions are noticeable on the share registry.
Simply Wall St - – Full articleShould Investors Buy Russel Metals Inc. (TSE:RUS) And Lock In The 6.3% Dividend Yield?
In the past ten years, Russel Metals has also grown its dividend from CA$1 to CA$1.52. … Below, I have outlined more attractive dividend aspects for Russel Metals for income investors who may be interested in new dividend stocks for their portfolio. … consistent, reliable and competitive dividend over a long period of time, and is expected to continue to pay in the same manner many years to come
Simply Wall St - – Full articleHow Does Russel Metals Inc. (TSE:RUS) Fare As A Dividend Stock?
Over the past 10 years Russel Metals Inc. … Let's dig deeper into whether Russel Metals should have a place in your portfolio. … Check out our latest analysis for Russel Metals
Simply Wall St - – Full articleWhat Does Russel Metals Inc.'s (TSE:RUS) Balance Sheet Tell Us About It?
(TSE:RUS) is a small-cap stock with a market capitalization of CA$1.5b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is.
Simply Wall St - – Full articleOne Thing To Remember About The Russel Metals Inc. (TSE:RUS) Share Price
(TSE:RUS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleDoes Russel Metals's Share Price Gain of 30% Match Its Business Performance?
(TSE:RUS) shareholders have seen the share price rise 30% over three years, well in excess of the market return (20%, not including dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … That would generally be considered a positive, so we'd expect the share price to be up.
Simply Wall St - – Full articleA Look At Russel Metals Inc.'s (TSE:RUS) Exceptional Fundamentals
Help shape the future of investing tools and receive a $20 prize! … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.
Simply Wall St - – Full articleIs It Time To Consider Buying Russel Metals Inc. (TSE:RUS)?
saw a double-digit share price rise of over 10% in the past couple of months on the TSX. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Russel Metals’s outlook and valuation to see if the opportunity still exists.
Simply Wall St - – Full articleDo You Like Russel Metals Inc. (TSE:RUS) At This P/E Ratio?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Based on the last twelve months, Russel Metals's P/E ratio is 7.22. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleBoasting A 21% Return On Equity, Is Russel Metals Inc. (TSE:RUS) A Top Quality Stock?
Our data shows Russel Metals has a return on equity of 21% for the last year. … One way to conceptualize this, is that for each CA$1 of shareholders' equity it has, the company made CA$0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleRUS Company Info
Description
Russel Metals Inc. distributes steel and metal products in North America. The company operates through three segments: Metal Service Centers, Energy Products, and Steel Distributors. The Metal Service Center segment sells plates, flat rolled carbon and general line steel products, stainless steel, aluminum, and other non-ferrous specialty metal products. It also offers services, such as shearing, slitting, and cutting to length; laser, oxy-feel, and plasma cutting; stretcher and traditional leveling; beam drilling, notching, coping, and tee-splitting; tube laser processing and saw cutting; edge trimming; and cambering. This segment serves customers in industries, such as machinery and equipment manufacturing, construction, ship building, and natural resources. The Energy Products segment distributes oil country tubular goods, line pipes, tubes, flanges, valves, and fittings primarily to energy industry. The Steel Distributors segment operates as a steel distributor for steel service centers and equipment manufactures. Russel Metals Inc. was founded in 1929 and is headquartered in Mississauga, Canada.
Details
| Name: | Russel Metals Inc. |
| RUS | |
| Exchange: | TSX |
| Founded: | 1929 |
| CA$1,507,395,016 | |
| 62,109,395 | |
| Website: | http://www.russelmetals.com |
| Address: |
Russel Metals Inc. 6600 Financial Drive, Mississauga, Ontario, L5N 7J6, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | RUS | Common Shares | The Toronto Stock Exchange | CA | CAD | 18. Apr 1973 | |
| OTCPK | RUSM.F | Common Shares | Pink Sheets LLC | US | USD | 18. Apr 1973 | |
| DB | RMZ | Common Shares | Deutsche Boerse AG | DE | EUR | 18. Apr 1973 |
Number of employees
Current staff
Industry
| Trading Companies and Distributors | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/20 23:42 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/02/11 |
| Last earnings filing: | 2019/02/07 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
