Market Cap
€3.5b
Last Updated
2019/12/11 20:42 UTC
Data Sources
Company Financials +
Executive Summary
Rexel S.A. distributes low and ultra-low voltage electrical products to professional customers and markets in the fields of construction, industry, and services.
Rewards
Risk Analysis
Snowflake Analysis
Good value with adequate balance sheet.
Similar Companies
Share Price & News
How has Rexel's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RXL has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.8%
RXL
4.0%
FR Trade Distributors
1.2%
FR Market
1 Year Return
18.1%
RXL
20.2%
FR Trade Distributors
20.8%
FR Market
Return vs Industry: RXL underperformed the French Trade Distributors industry which returned 20.2% over the past year.
Return vs Market: RXL underperformed the French Market which returned 20.8% over the past year.
Shareholder returns
| RXL | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.8% | 4.0% | 1.2% |
| 30 Day | -1.7% | -1.9% | -0.7% |
| 90 Day | 9.4% | 4.1% | 3.6% |
| 1 Year | 23.0%18.1% | 24.9%20.2% | 25.1%20.8% |
| 3 Year | -17.3%-25.3% | -11.7%-20.1% | 41.1%27.4% |
| 5 Year | -3.2%-19.5% | 3.3%-13.8% | 77.1%50.8% |
Price Volatility Vs. Market
How volatile is Rexel's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Buy Rexel S.A. (EPA:RXL) For Its 4.0% Dividend?3 weeks ago | Simply Wall St
Estimating The Intrinsic Value Of Rexel S.A. (EPA:RXL)1 month ago | Simply Wall St
Here's What We Think About Rexel S.A.'s (EPA:RXL) CEO PayValuation
Is Rexel undervalued compared to its fair value and its price relative to the market?
24.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RXL (€11.68) is trading below our estimate of fair value (€15.43)
Significantly Below Fair Value: RXL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RXL is poor value based on its PE Ratio (16.2x) compared to the Trade Distributors industry average (16.2x).
PE vs Market: RXL is good value based on its PE Ratio (16.2x) compared to the French market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: RXL is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: RXL is good value based on its PB Ratio (0.9x) compared to the FR Trade Distributors industry average (0.9x).
Next Steps
Future Growth
How is Rexel forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
9.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RXL's forecast earnings growth (9.9% per year) is above the savings rate (-0.1%).
Earnings vs Market: RXL's earnings (9.9% per year) are forecast to grow slower than the French market (11.4% per year).
High Growth Earnings: RXL's earnings are forecast to grow, but not significantly.
Revenue vs Market: RXL's revenue (2% per year) is forecast to grow slower than the French market (4.6% per year).
High Growth Revenue: RXL's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RXL's Return on Equity is forecast to be low in 3 years time (8.3%).
Next Steps
Past Performance
How has Rexel performed over the past 5 years?
-9.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RXL has a large one-off loss of €161.0M impacting its June 30 2019 financial results.
Growing Profit Margin: RXL's current net profit margins (1.6%) are higher than last year (0.8%).
Past Earnings Growth Analysis
Earnings Trend: RXL's earnings have declined by -9.2% per year over the past 5 years.
Accelerating Growth: RXL's earnings growth over the past year (111.3%) exceeds its 5-year average (-9.2% per year).
Earnings vs Industry: RXL earnings growth over the past year (111.3%) exceeded the Trade Distributors industry 5.7%.
Return on Equity
High ROE: RXL's Return on Equity (5.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Rexel's financial position?
Financial Position Analysis
Short Term Liabilities: RXL's short term assets (€5.0B) exceed its short term liabilities (€3.9B).
Long Term Liabilities: RXL's short term assets (€5.0B) exceed its long term liabilities (€3.1B).
Debt to Equity History and Analysis
Debt Level: RXL's debt to equity ratio (63.4%) is considered high.
Reducing Debt: RXL's debt to equity ratio has reduced from 76.4% to 63.4% over the past 5 years.
Debt Coverage: RXL's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: RXL's interest payments on its debt are well covered by EBIT (8.2x coverage).
Balance Sheet
Inventory Level: RXL has a high level of physical assets or inventory.
Debt Coverage by Assets: RXL's debt is covered by short term assets (assets are 1.9x debt).
Next Steps
Dividend
What is Rexel's current dividend yield, its reliability and sustainability?
3.77%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RXL's dividend (3.77%) is higher than the bottom 25% of dividend payers in the French market (1.49%).
High Dividend: RXL's dividend (3.77%) is low compared to the top 25% of dividend payers in the French market (4.59%).
Stability and Growth of Payments
Stable Dividend: RXL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RXL's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61%), RXL's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RXL's dividends in 3 years are forecast to be well covered by earnings (40.8% payout ratio).
Next Steps
Management
What is the CEO of Rexel's salary, the management and board of directors tenure and is there insider trading?
3.1yrs
Average management tenure
CEO
Patrick Berard (66yo)
3.4yrs
Tenure
€2,486,022
Compensation
Mr. Patrick Berard has been Director of LKQ Corporation since October 2, 2019. He has been the Chief Executive Officer of Rexel SA since July 1, 2016 and served as its Europe General Manager since November ...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD2.76M) is above average for companies of similar size in the French market ($USD1.65M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.1yrs
Average Tenure
60.5yo
Average Age
Experienced Management: RXL's management team is considered experienced (3.1 years average tenure).
Board Age and Tenure
3.0yrs
Average Tenure
62yo
Average Age
Experienced Board: RXL's board of directors are considered experienced (3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
John Hanna (76yo)
Senior Vice President - Canada
- Tenure: 0yrs
Patrick Berard (66yo)
CEO, CEO of Europe & Director
- Tenure: 3.4yrs
- Compensation: €2.49m
Werner Hardt
Chief Executive Officer of Central Europe and Scandinavia
- Tenure: 0yrs
Dominique Cateau
Senior Vice President of Southern and Western Europe
- Tenure: 0yrs
Ludovic Debailleux
Investors Relations Director
- Tenure: 0yrs
Roger Little
CEO of Rexel Canada
- Tenure: 5.8yrs
Pierre Benoît
CEO of UK/Ireland-Benelux
- Tenure: 0.7yrs
Nathalie Wright (55yo)
Group Digital & IT Transformation Director and CEO Nordics
- Tenure: 0yrs
Frank Waldmann
Group Human Resources Director
- Tenure: 3.1yrs
Laurent Delabarre (53yo)
Group Chief Financial Officer
- Tenure: 2.6yrs
Board Members
Agnès Touraine (64yo)
Independent Director
- Tenure: 2.8yrs
- Compensation: €90.00k
Ian Meakins (62yo)
Independent Non-Executive Chairman of the Board
- Tenure: 3.2yrs
- Compensation: €500.00k
François Henrot (70yo)
Deputy Chairman & Senior Independent Director
- Tenure: 5.6yrs
- Compensation: €140.00k
Patrick Berard (66yo)
CEO, CEO of Europe & Director
- Tenure: 3.4yrs
- Compensation: €2.49m
François Auque (62yo)
Director
- Tenure: 0.6yrs
- Compensation: €12.60k
Maria Del Richter (65yo)
Independent Director
- Tenure: 5.6yrs
- Compensation: €97.50k
Herna Verhagen (53yo)
Independent Director
- Tenure: 5.6yrs
- Compensation: €95.00k
Marcus Alexanderson (43yo)
Director
- Tenure: 2.6yrs
- Compensation: €80.00k
Elen Phillips (59yo)
Independent Director
- Tenure: 3.8yrs
- Compensation: €95.00k
Julien Bonnel (33yo)
Director
- Tenure: 2.1yrs
- Compensation: €70.00k
Company Information
Rexel S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Rexel S.A.
- Ticker: RXL
- Exchange: ENXTPA
- Founded: 1967
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: €3.529b
- Shares outstanding: 302.15m
- Website: https://www.rexel.com
Number of Employees
Location
- Rexel S.A.
- 13 Boulevard du Fort de Vaux
- CS 60002
- Paris
- Ile-de-France
- 75017
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RXL | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Jun 2000 |
| 0KBZ | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jun 2000 |
| RXLS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2000 |
| E7V | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2000 |
| RXLP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jun 2000 |
| RXEE.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Sep 2012 |
Biography
Rexel S.A. distributes low and ultra-low voltage electrical products to professional customers and markets in the fields of construction, industry, and services. It offers electrical installation equipment ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 20:42 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.