Rexel S.A. distributes low and ultra-low voltage electrical products to professional customers and markets in the fields of construction, industry, and services.
Very undervalued with excellent balance sheet and pays a dividend.
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's share price has been volatile over the past 3 months.
7 Day Return
FR Trade Distributors
1 Year Return
FR Trade Distributors
Return vs Industry: RXL underperformed the French Trade Distributors industry which returned -37.8% over the past year.
Return vs Market: RXL underperformed the French Market which returned -21.9% over the past year.
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 StHow Does Rexel's (EPA:RXL) P/E Compare To Its Industry, After The Share Price Drop?
1 week ago | Simply Wall StHow Does Rexel S.A. (EPA:RXL) Fare As A Dividend Stock?
3 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Rexel S.A.'s (EPA:RXL) P/E Ratio
Is Rexel undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RXL (€5.95) is trading below our estimate of fair value (€11.5)
Significantly Below Fair Value: RXL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RXL is good value based on its PE Ratio (8.8x) compared to the Trade Distributors industry average (11.9x).
PE vs Market: RXL is good value based on its PE Ratio (8.8x) compared to the French market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: RXL is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: RXL is good value based on its PB Ratio (0.4x) compared to the FR Trade Distributors industry average (0.7x).
How is Rexel forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RXL's forecast earnings growth (16.6% per year) is above the savings rate (-0.1%).
Earnings vs Market: RXL's earnings (16.6% per year) are forecast to grow faster than the French market (12% per year).
High Growth Earnings: RXL's earnings are forecast to grow, but not significantly.
Revenue vs Market: RXL's revenue (0.8% per year) is forecast to grow slower than the French market (3.5% per year).
High Growth Revenue: RXL's revenue (0.8% 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 (7.9%).
How has Rexel performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RXL has a large one-off loss of €207.0M impacting its December 31 2019 financial results.
Growing Profit Margin: RXL's current net profit margins (1.5%) are higher than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: RXL's earnings have declined by -1.4% per year over the past 5 years.
Accelerating Growth: RXL's earnings growth over the past year (52.5%) exceeds its 5-year average (-1.4% per year).
Earnings vs Industry: RXL earnings growth over the past year (52.5%) exceeded the Trade Distributors industry 9.9%.
Return on Equity
High ROE: RXL's Return on Equity (4.8%) is considered low.
How is Rexel's financial position?
Financial Position Analysis
Short Term Liabilities: RXL's short term assets (€5.0B) exceed its short term liabilities (€3.7B).
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 (58.5%) is considered high.
Reducing Debt: RXL's debt to equity ratio has reduced from 77.2% to 58.5% over the past 5 years.
Debt Coverage: RXL's debt is well covered by operating cash flow (22.3%).
Interest Coverage: RXL's interest payments on its debt are well covered by EBIT (5.8x coverage).
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 2x debt).
What is Rexel's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RXL's dividend (8.07%) is higher than the bottom 25% of dividend payers in the French market (2.04%).
High Dividend: RXL's dividend (8.07%) is in the top 25% of dividend payers in the French market (6.46%)
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 (70.9%), 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 (44.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Patrick Berard (66yo)
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 its Chief Executive Officer of Europe since 2015. H ...
CEO Compensation Analysis
Compensation vs Market: Patrick's total compensation ($USD2.34M) is above average for companies of similar size in the French market ($USD1.31M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
|CEO, CEO of Europe & Director||3.75yrs||€2.17m||0.14% €2.5m|
|Group Chief Financial Officer||2.92yrs||no data||no data|
|Investors Relations Director||no data||no data||no data|
|Group Human Resources Director||3.42yrs||no data||no data|
|Chief Executive Officer of Canada||6.08yrs||no data||no data|
|Chief Executive Officer of United Kingdom & Ireland - Benelux||1yr||no data||no data|
|CEO & Senior VP of Rexel USA||no data||no data||no data|
|General Secretary & Secretary of the Board||3.42yrs||no data||no data|
|Former Group Digital and IT Transformation Director||no data||no data||no data|
|Industrial & Automation Director||5.42yrs||no data||no data|
Experienced Management: RXL's management team is considered experienced (3.4 years average tenure).
|CEO, CEO of Europe & Director||3.75yrs||€2.17m||0.14% €2.5m|
|Independent Director||3.17yrs||€97.50k||0.00037% €6.6k|
|Independent Non-Executive Chairman of the Board||3.5yrs||€500.00k||0.055% €993.9k|
|Deputy Chairman & Senior Independent Director||5.92yrs||€140.00k||0.0024% €42.4k|
|Independent Director||0.92yr||€103.20k||0.00033% €5.9k|
|Independent Director||5.92yrs||€95.00k||0.0015% €26.8k|
|Independent Director||5.92yrs||€95.00k||0.00033% €5.9k|
|Non-Independent Director||2.92yrs||€82.50k||0.0016% €29.7k|
|Independent Director||4.08yrs||€95.00k||0.0016% €29.7k|
|Employee Representative Director||2.42yrs||€82.50k||0.00050% €9.0k|
Experienced Board: RXL's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Rexel S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Rexel S.A.
- Ticker: RXL
- Exchange: ENXTPA
- Founded: 1967
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: €1.797b
- Shares outstanding: 302.22m
- Website: https://www.rexel.com
Number of Employees
- Rexel S.A.
- 13 Boulevard du Fort de Vaux
- CS 60002
|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|
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, conduits and cables, lighting, security and communication, climate control, tools, and white and brown goods. As of February 13, 2020, the company operated a network of approximately 2,000 branches in 26 countries. It principally operates in Europe, the United States, Canada, Australia, New Zealand, India, the Middle East, and China. Rexel S.A. was founded in 1967 and is headquartered in Paris, France.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 21:29|
|End of Day Share Price||2020/04/03 00:00|
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.