ENXTPA:RXL

Stock Analysis Report

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Executive Summary

Rexel S.A. distributes electrical products for residential, commercial, and industrial sectors. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


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

-8.1%

RXL

-6.0%

FR Trade Distributors

-1.3%

FR Market


1 Year Return

-9.2%

RXL

-9.5%

FR Trade Distributors

-7.5%

FR Market

Return vs Industry: RXL underperformed the French Trade Distributors industry which returned -7.2% over the past year.

Return vs Market: RXL underperformed the French Market which returned -6.4% over the past year.


Shareholder returns

RXLIndustryMarket
7 Day-8.1%-6.0%-1.3%
30 Day-1.4%1.1%2.9%
90 Day-9.8%-8.1%-1.4%
1 Year-9.2%-9.2%-9.0%-9.5%-5.5%-7.5%
3 Year-24.9%-30.3%-25.0%-30.6%5.9%-3.2%
5 Year-5.5%-17.8%-0.2%-13.4%30.8%11.4%

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

Valuation

Is Rexel undervalued compared to its fair value and its price relative to the market?

5.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RXL (€10.13) is trading below our estimate of fair value (€10.67)

Significantly Below Fair Value: RXL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: RXL is unprofitable, so we can't compare its PE Ratio to the XE Trade Distributors industry average.

PE vs Market: RXL is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RXL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RXL is overvalued based on its PB Ratio (0.8x) compared to the FR Trade Distributors industry average (0.7x).


Next Steps

Future Growth

How is Rexel forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

94.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RXL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.6%).

Earnings vs Market: RXL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RXL's is expected to become profitable in the next 3 years.

Revenue vs Market: RXL's revenue (4.1% per year) is forecast to grow slower than the French market (6.7% per year).

High Growth Revenue: RXL's revenue (4.1% 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 (8.1%).


Next Steps

Past Performance

How has Rexel performed over the past 5 years?

-22.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RXL is currently unprofitable.

Growing Profit Margin: RXL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RXL is unprofitable, and losses have increased over the past 5 years at a rate of 22.3% per year.

Accelerating Growth: Unable to compare RXL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RXL is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (0.5%).


Return on Equity

High ROE: RXL has a negative Return on Equity (-10.82%), as it is currently unprofitable.


Next Steps

Financial Health

How is Rexel's financial position?


Financial Position Analysis

Short Term Liabilities: RXL's short term assets (€4.4B) exceed its short term liabilities (€3.0B).

Long Term Liabilities: RXL's short term assets (€4.4B) exceed its long term liabilities (€3.2B).


Debt to Equity History and Analysis

Debt Level: RXL's debt to equity ratio (60.6%) is considered high.

Reducing Debt: RXL's debt to equity ratio has reduced from 68.1% to 60.6% over the past 5 years.

Debt Coverage: RXL's debt is well covered by operating cash flow (35.3%).

Interest Coverage: RXL is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Rexel current dividend yield, its reliability and sustainability?

4.15%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RXL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RXL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RXL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RXL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RXL is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RXL's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Patrick Berard (67 yo)

4.25yrs

Tenure

€2,171,927

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 its Chief Executive Officer of Europe since 2015. H ...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD2.58M) is above average for companies of similar size in the French market ($USD1.61M).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Patrick Berard
CEO, CEO of Europe & Director4.25yrs€2.17m0.14%
€ 4.2m
Laurent Delabarre
Group Chief Financial Officer3.42yrsno datano data
Ludovic Debailleux
Investors Relations Directorno datano datano data
Frank Waldmann
Group Human Resources Director3.92yrsno datano data
Roger Little
Chief Executive Officer of Canada6.58yrsno datano data
Pierre Benoît
Chief Executive Officer of United Kingdom & Ireland - Benelux1.5yrsno datano data
Jeffrey Baker
CEO & Senior VP of Rexel USAno datano datano data
Sébastien Thierry
General Secretary & Secretary of the Board3.92yrsno datano data
Nathalie Wright
Group Digital & IT Transformation Director and CEO of Nordicsno datano datano data
Michael Destefano
Industrial & Automation Director5.92yrsno datano data

3.9yrs

Average Tenure

61yo

Average Age

Experienced Management: RXL's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Berard
CEO, CEO of Europe & Director4.25yrs€2.17m0.14%
€ 4.2m
Agnes Touraine
Independent Director3.67yrs€97.50k0.00037%
€ 11.4k
Ian Meakins
Independent Non-Executive Chairman of the Board4yrs€500.00k0.038%
€ 1.2m
François Henrot
Deputy Chairman & Senior Independent Director6.42yrs€140.00k0.0024%
€ 72.1k
François Auque
Independent Director1.42yrs€103.20k0.00033%
€ 10.1k
Maria Del Richter
Independent Director6.42yrs€95.00k0.0015%
€ 45.4k
Hendrika W. P. M. Verhagen
Independent Director6.42yrs€95.00k0.00033%
€ 10.1k
Marcus Alexanderson
Non-Independent Director3.42yrs€82.50k0.0016%
€ 50.6k
Brigitte Cantaloube
Independent Director0.67yrno datano data
Elen Phillips
Independent Director4.58yrs€95.00k0.0016%
€ 50.6k
Julien Bonnel
Employee Representative Director2.92yrs€82.50k0.00050%
€ 15.3k

3.7yrs

Average Tenure

63yo

Average Age

Experienced Board: RXL's board of directors are considered experienced (3.7 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: €3.068b
  • Shares outstanding: 303.05m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RXLENXTPA (Euronext Paris)YesOrdinary SharesFREURJun 2000
0KBZLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2000
RXLS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2000
E7VDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2000
RXLPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2000
RXEE.YOTCPK (Pink Sheets LLC)ADRUSUSDSep 2012

Biography

Rexel S.A. distributes electrical products for residential, commercial, and industrial sectors. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 21:16
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.