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Rockwell Collins

DB:RWC
Snowflake Description

Proven track record with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RWC
DB
$23B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Rockwell Collins, Inc. designs, produces, and supports communications and aviation systems worldwide. The last earnings update was 1 day ago. More info.


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RWC Share Price and Events
7 Day Returns
11.3%
DB:RWC
0.9%
Europe Aerospace & Defense
0.1%
DE Market
1 Year Returns
12.5%
DB:RWC
10.8%
Europe Aerospace & Defense
-10.1%
DE Market
RWC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rockwell Collins (RWC) 11.3% 10.5% 7.3% 12.5% 43% 134.4%
Europe Aerospace & Defense 0.9% -2.6% -10.4% 10.8% 41.9% 89.9%
DE Market 0.1% 1.3% -9.1% -10.1% 14.5% 41.8%
1 Year Return vs Industry and Market
  • RWC outperformed the Aerospace & Defense industry which returned 10.8% over the past year.
  • RWC outperformed the Market in Germany which returned -10.1% over the past year.
Price Volatility
RWC
Industry
5yr Volatility vs Market

Value

 Is Rockwell Collins 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 Rockwell Collins 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rockwell Collins.

DB:RWC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:RWC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.676 (1 + (1- 21%) (34.15%))
0.858
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.858 * 9.46%)
8.66%

Discounted Cash Flow Calculation for DB:RWC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rockwell Collins is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:RWC DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 1,321.33 1,429.00 1,599.00 1,807.20 2,042.51
Source Analyst x3 Analyst x1 Analyst x1 Est @ 13.02% Est @ 13.02%
Present Value
Discounted (@ 8.66%)
1,216.01 1,210.28 1,246.31 1,296.32 1,348.33
Present value of next 5 years cash flows $6,317.24
DB:RWC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $2,042.51 × (1 + 0.54%) ÷ (8.66% – 0.54%)
$25,293.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $25,293.37 ÷ (1 + 8.66%)5
$16,696.94
DB:RWC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $6,317.24 + $16,696.94
$23,014.18
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $23,014.18 / 164.63
$124.34
DB:RWC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RWC represents 0.88947x of NYSE:COL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88947x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 139.79 x 0.88947
€124.34
Value per share (EUR) From above. €124.34
Current discount Discount to share price of €125.45
= -1 x (€125.45 - €124.34) / €124.34
-0.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Rockwell Collins is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Rockwell Collins's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rockwell Collins's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RWC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $6.29
NYSE:COL Share Price ** NYSE (2018-11-26) in USD $141.04
Europe Aerospace & Defense Industry PE Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 20.05x
Germany Market PE Ratio Median Figure of 412 Publicly-Listed Companies 17.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rockwell Collins.

DB:RWC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:COL Share Price ÷ EPS (both in USD)

= 141.04 ÷ 6.29

22.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rockwell Collins is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.
  • Rockwell Collins is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Rockwell Collins's expected growth come at a high price?
Raw Data
DB:RWC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
13.9%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 24 Publicly-Listed Aerospace & Defense Companies 1.16x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

DB:RWC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.41x ÷ 13.9%

1.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rockwell Collins is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Rockwell Collins's assets?
Raw Data
DB:RWC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $43.20
NYSE:COL Share Price * NYSE (2018-11-26) in USD $141.04
Europe Aerospace & Defense Industry PB Ratio Median Figure of 40 Publicly-Listed Aerospace & Defense Companies 1.97x
Germany Market PB Ratio Median Figure of 555 Publicly-Listed Companies 1.84x
DB:RWC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:COL Share Price ÷ Book Value per Share (both in USD)

= 141.04 ÷ 43.20

3.26x

* Primary Listing of Rockwell Collins.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rockwell Collins is overvalued based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Rockwell Collins's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Rockwell Collins has a total score of 0/6, 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.

Future Performance

 How is Rockwell Collins expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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!
Annual Growth Rate
13.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rockwell Collins expected to grow at an attractive rate?
  • Rockwell Collins's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Rockwell Collins's earnings growth is expected to exceed the Germany market average.
  • Rockwell Collins's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RWC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RWC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 13.9%
DB:RWC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 16.5%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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
Raw Data
DB:RWC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RWC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 10,097 1,563 1
2020-09-30 9,574 1,406 2
2019-09-30 9,162 1,618 1,202 5
DB:RWC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 8,665 -310 1,032
2018-06-30 8,592 1,044 1,005
2018-03-31 8,478 1,186 909
2017-12-31 7,640 1,106 840
2017-09-30 6,822 1,264 705
2017-06-30 6,074 916 700
2017-03-31 5,314 679 735
2016-12-31 5,283 713 739
2016-09-30 5,259 723 727
2016-06-30 5,198 631 703
2016-03-31 5,157 662 667
2015-12-31 5,187 705 658

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rockwell Collins's earnings are expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
  • Rockwell Collins's revenue is expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:RWC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Rockwell Collins Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RWC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 9.13 9.13 9.13 1.00
2020-09-30 8.10 8.10 8.10 1.00
2019-09-30 6.90 7.17 6.64 3.00
DB:RWC Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 6.29
2018-06-30 6.14
2018-03-31 5.61
2017-12-31 5.46
2017-09-30 4.85
2017-06-30 5.10
2017-03-31 5.64
2016-12-31 5.67
2016-09-30 5.57
2016-06-30 5.37
2016-03-31 5.07
2015-12-31 4.99

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Rockwell Collins will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Rockwell Collins's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rockwell Collins has a total score of 2/6, 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.

Past Performance

  How has Rockwell Collins 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
Below we compare Rockwell Collins's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rockwell Collins's year on year earnings growth rate has been positive over the past 5 years.
  • Rockwell Collins's 1-year earnings growth exceeds its 5-year average (46.4% vs 9%)
  • Rockwell Collins's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (46.4% vs -4.5%).
Earnings and Revenue History
Rockwell Collins's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rockwell Collins Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RWC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 8,665.00 1,032.00 817.00
2018-06-30 8,592.00 1,005.00 828.00
2018-03-31 8,478.00 909.00 829.00
2017-12-31 7,640.00 840.00 788.00
2017-09-30 6,822.00 705.00 732.00
2017-06-30 6,074.00 700.00 671.00
2017-03-31 5,314.00 735.00 616.00
2016-12-31 5,283.00 739.00 623.00
2016-09-30 5,259.00 727.00 626.00
2016-06-30 5,198.00 703.00 629.00
2016-03-31 5,157.00 667.00 628.00
2015-12-31 5,187.00 658.00 620.00
2015-09-30 5,244.00 694.00 606.00
2015-06-30 5,262.00 683.00 610.00
2015-03-31 5,233.00 668.00 601.00
2014-12-31 5,151.00 653.00 596.00
2014-09-30 4,979.00 618.00 581.00
2014-06-30 4,796.00 620.00 536.00
2014-03-31 4,664.00 618.00 518.00
2013-12-31 4,466.00 632.00 491.00
2013-09-30 4,474.00 630.00 493.00
2013-06-30 4,521.00 607.00 499.00
2013-03-31 4,594.00 612.00 501.00
2012-12-31 4,694.00 611.00 518.00
2012-09-30 4,531.00 589.00 505.00
2012-06-30 4,756.00 615.00 534.00
2012-03-31 4,741.00 606.00 533.00
2011-12-31 4,796.00 595.00 532.00

*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.
  • Rockwell Collins has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rockwell Collins used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Rockwell Collins's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rockwell Collins's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rockwell Collins has a total score of 4/6, 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.

Health

 How is Rockwell Collins'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 Rockwell Collins's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rockwell Collins is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rockwell Collins's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Rockwell Collins's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x 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.
Raw Data

All data from Rockwell Collins Company Filings, last reported 1 month ago.

DB:RWC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 7,114.00 7,929.00 738.00
2018-06-30 6,798.00 7,183.00 621.00
2018-03-31 6,640.00 7,366.00 668.00
2017-12-31 6,361.00 7,376.00 583.00
2017-09-30 6,050.00 7,155.00 703.00
2017-06-30 5,609.00 7,779.00 578.00
2017-03-31 2,402.00 2,209.00 281.00
2016-12-31 2,208.00 2,276.00 308.00
2016-09-30 2,084.00 2,114.00 340.00
2016-06-30 2,114.00 2,499.00 307.00
2016-03-31 1,989.00 2,503.00 300.00
2015-12-31 1,905.00 2,475.00 334.00
2015-09-30 1,880.00 2,128.00 252.00
2015-06-30 2,055.00 2,470.00 294.00
2015-03-31 1,953.00 2,521.00 284.00
2014-12-31 1,870.00 2,501.00 315.00
2014-09-30 1,889.00 2,167.00 323.00
2014-06-30 1,953.00 2,518.00 450.00
2014-03-31 1,852.00 2,524.00 410.00
2013-12-31 1,730.00 2,575.00 439.00
2013-09-30 1,623.00 1,004.00 392.00
2013-06-30 1,208.00 1,165.00 356.00
2013-03-31 1,125.00 1,158.00 340.00
2012-12-31 1,057.00 1,122.00 341.00
2012-09-30 1,264.00 779.00 335.00
2012-06-30 1,278.00 979.00 265.00
2012-03-31 1,334.00 871.00 297.00
2011-12-31 1,262.00 825.00 286.00
  • Rockwell Collins's level of debt (111.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (62.9% vs 111.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Rockwell Collins's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rockwell Collins has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is Rockwell Collins'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
Dividend payments
0.94%
Current annual income from Rockwell Collins dividends. Estimated to be 1.12% next year.
If you bought €2,000 of Rockwell Collins shares you are expected to receive €19 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Rockwell Collins's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.6%).
  • Rockwell Collins's dividend is below the markets top 25% of dividend payers in Germany (3.84%).
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.
Raw Data
DB:RWC Annualized Past and Future Dividends
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 5 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:RWC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 1.68 1.00
2020-09-30 1.59 2.00
2019-09-30 1.55 3.00
DB:RWC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-01 1.320 0.996
2018-07-31 1.320 0.967
2018-04-19 1.320 0.972
2018-02-01 1.320 0.974
2017-10-31 1.320 0.977
2017-08-01 1.320 1.019
2017-04-19 1.320 1.247
2017-01-31 1.320 1.377
2016-10-31 1.320 1.457
2016-08-02 1.320 1.577
2016-04-21 1.320 1.515
2016-02-01 1.320 1.496
2015-11-02 1.320 1.488
2015-08-03 1.320 1.568
2015-04-22 1.320 1.407
2015-02-03 1.200 1.293
2014-11-04 1.200 1.413
2014-08-01 1.200 1.560
2014-04-17 1.200 1.533
2014-01-28 1.200 1.515
2013-10-22 1.200 1.643
2013-07-31 1.200 1.691
2013-04-18 1.200 1.839
2013-01-29 1.200 1.971
2012-10-23 1.200 2.113
2012-07-25 1.200 2.330
2012-04-18 1.200 2.367
2012-02-06 0.960 1.646
2011-10-25 0.960 1.729
2011-07-25 0.960 1.877
2011-04-20 0.960 1.576
2011-01-18 0.960 1.495
2010-10-25 0.960 1.645
2010-07-27 0.960 1.665
2010-04-26 0.960 1.654
2010-01-19 0.960 1.634
2009-10-26 0.960 1.768
2009-07-28 0.960 2.034
2009-04-22 0.960 2.346
2009-01-20 0.960 2.825
2008-11-28 0.960 2.636

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rockwell Collins is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Rockwell Collins is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Rockwell Collins's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Rockwell Collins's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.5x coverage).
X
Income/ dividend checks
We assess Rockwell Collins's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rockwell Collins afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rockwell Collins has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Rockwell Collins's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kelly Ortberg
COMPENSATION $8,073,347
AGE 58
TENURE AS CEO 5.3 years
CEO Bio

Mr. Robert K. Ortberg, also known as Kelly, has been a Director of Aptiv PLC since September 13, 2018. Mr. Ortberg has been the President of Rockwell Collins Inc. since September 20, 2012 and serves as its Chief Executive Officer since August 2013. He served as an Executive Vice President at Rockwell Collins Inc. from October 2006 to September 24, 2012 and its Chief Operating Officer of Government Systems from February 2010 to September 24, 2012. He served as the Chief Operating Officer of Commercial Systems at Rockwell Collins Inc. from October 2006 to February 2010. He served as Vice President and General Manager of Air Transport Systems, Commercial Systems at Rockwell Collins Inc. since October 2002. Mr. Ortberg served as Vice President and General Manager of Communications Systems for Government Systems, since 2001. He joined Rockwell Collins Inc. in 1987 and has held various management positions of increasing responsibility, including Vice President of Communications Systems, Director of Data Links and Manager of International Marketing for Government Systems. He has been the Chairman of Rockwell Collins Inc. since November 11, 2015 and has been its Director since August 2013. He served as a Director of Caterpillar Global Mining LLC from July 24, 2008 to July 8, 2011 and Bucyrus International Inc., from July 24, 2008 to July 8th 0211. He is a Member of the Association of the United States Army (AUSA) and Armed Forces Communications and Electronics Association (AFCEA). He serves on the Board of Governors for the Aerospace Industries Association, is a member of The Business Council and Serves as co-chairman of the board of directors of FIRST® (For Inspiration and Recognition of Science and Technology) and the Hawkeye Council of the Boy Scouts of America. He also serves on the University of Iowa Engineering Advisory Board and on the Board of Trustees of the United Way of East Central Iowa. Mr. Ortberg holds a Bachelor of Science Degree in Mechanical Engineering from the University of Iowa.

CEO Compensation
  • Kelly's compensation has been consistent with company performance over the past year.
  • Kelly's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Rockwell Collins management team in years:

5
Average Tenure
54
Average Age
  • The average tenure for the Rockwell Collins management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kelly Ortberg

TITLE
Chairman
COMPENSATION
$8M
AGE
58
TENURE
5.3 yrs

Patrick Allen

TITLE
CFO & Senior VP
COMPENSATION
$2M
AGE
54
TENURE
13.8 yrs

Bob Perna

TITLE
Senior VP
COMPENSATION
$2M
AGE
54
TENURE
4.8 yrs

Kent Statler

TITLE
COO of Commercial Systems & Executive VP
COMPENSATION
$3M
AGE
53
TENURE
13.1 yrs

Phil Jasper

TITLE
Executive VP & COO of Government Systems
COMPENSATION
$2M
AGE
50
TENURE
6.2 yrs

Bruce King

TITLE
Senior Vice President of Operations
AGE
57
TENURE
7.5 yrs

Adam Palmer

TITLE
VP of Investor Relations & Senior Director for External Financial Reporting
TENURE
1.5 yrs

Jeff MacLauchlan

TITLE
Senior Vice President of Corporate Development
COMPENSATION
$1M
AGE
59
TENURE
4.2 yrs

Jeff Standerski

TITLE
Senior Vice President of Human Resources
AGE
52
TENURE
2.6 yrs

Nan Mattai

TITLE
Senior Vice President of Engineering & Information Technology
AGE
66
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Rockwell Collins board of directors in years:

7.6
Average Tenure
68.5
Average Age
  • The tenure for the Rockwell Collins board of directors is about average.
Board of Directors

Kelly Ortberg

TITLE
Chairman
COMPENSATION
$8M
AGE
58
TENURE
3 yrs

Donald Beall

TITLE
Chairman Emeritus
COMPENSATION
$50K
AGE
78

Chris Davis

TITLE
Independent Director
COMPENSATION
$310K
AGE
68
TENURE
16.8 yrs

Andrew Policano

TITLE
Independent Director
COMPENSATION
$278K
AGE
68
TENURE
12.6 yrs

Ed Eberhart

TITLE
Independent Director
COMPENSATION
$266K
AGE
71
TENURE
11 yrs

John Edwardson

TITLE
Independent Director
COMPENSATION
$254K
AGE
69
TENURE
6 yrs

Tony Carbone

TITLE
Lead Independent Director
COMPENSATION
$323K
AGE
76
TENURE
3 yrs

Cheryl Shavers

TITLE
Independent Director
COMPENSATION
$280K
AGE
64
TENURE
4.8 yrs

David Lilley

TITLE
Independent Director
COMPENSATION
$279K
AGE
71
TENURE
9.9 yrs

Jeff Turner

TITLE
Independent Director
COMPENSATION
$235K
AGE
67
TENURE
7.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Rockwell Collins's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rockwell Collins 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.

News

External News
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Simply Wall St News

Company Info

Map
Description

Rockwell Collins, Inc. designs, produces, and supports communications and aviation systems worldwide. The company’s Interior Systems segment offers commercial aircraft seats; galley structures, food and beverage preparation equipment, and water and waste systems; oxygen, passenger service, cabin lighting, and de-icing equipment; and integrated engineering and aftermarket services. Its Commercial Systems segment provides integrated avionics and cabin management systems; data link, high frequency, very high frequency, and satellite communications systems; landing sensors and flight management systems; vision, surface surveillance and guidance, and weather radar and collision avoidance systems; integrated flight controls; simulation and training systems; maintenance, repair, parts, and after-sales support services; and aftermarket used equipment. The company’s Government Systems segment offers communications systems; radio navigation, global positioning system, and multi-mode receiver products; avionics, precision targeting, electronic warfare, and training systems; simulation systems; space wheels; visual systems; maintenance, repair, parts, and after-sales support services; and aftermarket used equipment. Its Information Management Services segment provides voice and data communication, cabin connectivity, connectivity management, cybersecurity as a service, and flight support services; airport communications and train dispatching, and information systems; and mission critical security systems. The company serves original equipment manufacturers of commercial air transport, business and regional aircraft, commercial airlines, U.S. Department of Defense, other ministries of defense and government agencies, defense contractors, the U.S. Federal Aviation Administration, and passenger and freight railroads, as well as airport, critical infrastructure, and business aircraft operators. Rockwell Collins, Inc. was founded in 1933 and is headquartered in Cedar Rapids, Iowa.

Details
Name: Rockwell Collins, Inc.
RWC
Exchange: DB
Founded: 1933
$20,474,866,642
164,629,890
Website: http://www.rockwellcollins.com
Address: Rockwell Collins, Inc.
400 Collins Road NE,
Cedar Rapids,
Iowa, 52498,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE COL Common Stock New York Stock Exchange US USD 15. Jun 2001
DB RWC Common Stock Deutsche Boerse AG DE EUR 15. Jun 2001
LSE 0KXB Common Stock London Stock Exchange GB USD 15. Jun 2001
Number of employees
Current staff
Staff numbers
29,000
Rockwell Collins employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/27 19:04
End of day share price update: 2018/11/26 00:00
Last estimates confirmation: 2018/11/27
Last earnings filing: 2018/11/26
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


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.