RHI Magnesita
Market Cap
UK£1.9b
Last Updated
2021/02/27 19:00 UTC
Data Sources
Company Financials +
Executive Summary
RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with moderate growth potential.
Similar Companies
Share Price & News
How has RHI Magnesita's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RHIM is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: RHIM's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.1%
RHIM
2.4%
GB Basic Materials
-2.3%
GB Market
1 Year Return
31.3%
RHIM
3.0%
GB Basic Materials
1.1%
GB Market
Return vs Industry: RHIM exceeded the UK Basic Materials industry which returned 3% over the past year.
Return vs Market: RHIM exceeded the UK Market which returned 1.1% over the past year.
Shareholder returns
| RHIM | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 2.4% | -2.3% |
| 30 Day | 1.2% | 5.5% | -0.1% |
| 90 Day | 20.9% | 11.5% | 4.2% |
| 1 Year | 33.1%31.3% | 3.5%3.0% | 7.1%1.1% |
| 3 Year | -5.2%-11.4% | 14.3%7.4% | 9.7%-3.4% |
| 5 Year | n/a | 65.7%51.9% | 36.9%10.5% |
Long-Term Price Volatility Vs. Market
How volatile is RHI Magnesita's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Update: RHI Magnesita (LON:RHIM) Stock Gained 29% In The Last Year3 weeks ago | Simply Wall St
Should You Use RHI Magnesita's (LON:RHIM) Statutory Earnings To Analyse It?1 month ago | Simply Wall St
How Much Are RHI Magnesita N.V. (LON:RHIM) Insiders Spending On Buying Shares?Valuation
Is RHI Magnesita undervalued compared to its fair value and its price relative to the market?
49.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RHIM (£39.26) is trading below our estimate of fair value (£78.16)
Significantly Below Fair Value: RHIM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RHIM is good value based on its PE Ratio (29.3x) compared to the GB Basic Materials industry average (29.4x).
PE vs Market: RHIM is poor value based on its PE Ratio (29.3x) compared to the UK market (23.6x).
Price to Earnings Growth Ratio
PEG Ratio: RHIM is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: RHIM is overvalued based on its PB Ratio (3x) compared to the GB Basic Materials industry average (1.9x).
Next Steps
Future Growth
How is RHI Magnesita forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
35.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RHIM's forecast earnings growth (35% per year) is above the savings rate (1%).
Earnings vs Market: RHIM's earnings (35% per year) are forecast to grow faster than the UK market (23.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RHIM's revenue (4.4% per year) is forecast to grow slower than the UK market (7.3% per year).
High Growth Revenue: RHIM's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if RHIM's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has RHI Magnesita performed over the past 5 years?
35.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RHIM has a large one-off loss of €132.8M impacting its June 30 2020 financial results.
Growing Profit Margin: RHIM's current net profit margins (3%) are lower than last year (6.5%).
Past Earnings Growth Analysis
Earnings Trend: RHIM's earnings have grown significantly by 35.1% per year over the past 5 years.
Accelerating Growth: RHIM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RHIM had negative earnings growth (-62.5%) over the past year, making it difficult to compare to the Basic Materials industry average (-10.4%).
Return on Equity
High ROE: RHIM's Return on Equity (10.5%) is considered low.
Next Steps
Financial Health
How is RHI Magnesita's financial position?
Financial Position Analysis
Short Term Liabilities: RHIM's short term assets (€1.5B) exceed its short term liabilities (€718.2M).
Long Term Liabilities: RHIM's short term assets (€1.5B) do not cover its long term liabilities (€1.6B).
Debt to Equity History and Analysis
Debt Level: RHIM's debt to equity ratio (150.6%) is considered high.
Reducing Debt: RHIM's debt to equity ratio has increased from 105.6% to 150.6% over the past 5 years.
Debt Coverage: RHIM's debt is well covered by operating cash flow (31.7%).
Interest Coverage: RHIM's interest payments on its debt are well covered by EBIT (9.5x coverage).
Balance Sheet
Next Steps
Dividend
What is RHI Magnesita current dividend yield, its reliability and sustainability?
3.63%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RHIM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RHIM'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 RHIM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RHIM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: RHIM is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RHIM's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Stefan Borgas (56 yo)
3.33yrs
Tenure
€1,490,427
Compensation
Mr. Stefan Borgas, MBA has been the Chief Executive Officer of Magnesita Refratários S.A. (formerly known as RHI Magnesita N.V.). since October 2017 and Executive Director since June 20, 2017. Mr. Borgas s...
CEO Compensation Analysis
Compensation vs Market: Stefan's total compensation ($USD1.80M) is about average for companies of similar size in the UK market ($USD1.98M).
Compensation vs Earnings: Stefan's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 3.33yrs | €1.49m | 0.037% € 703.6k | |
| CFO, Finance Director & Executive Director | 1.67yrs | €831.47k | no data | |
| Chief Operations Officer | 4.08yrs | no data | no data | |
| Vice President of Corporate Finance & Investor Relations | no data | no data | no data | |
| Chief Technology Officer | 3.08yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Executive VP & Legal Counsel | 1.08yrs | no data | no data | |
| Head of Cement & Lime and Head of Corporate Communications | no data | no data | no data | |
| Chief Sales Officer | 2.08yrs | no data | no data | |
| Executive Vice President People | 3.58yrs | no data | no data | |
| Senior VP & Head of Operations Europe | no data | no data | no data | |
| Company Secretary | 1.08yrs | no data | no data |
2.6yrs
Average Tenure
52.5yo
Average Age
Experienced Management: RHIM's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 3.33yrs | €1.49m | 0.037% € 703.6k | |
| CFO, Finance Director & Executive Director | 1.67yrs | €831.47k | no data | |
| Independent Non-Executive Director | 3.33yrs | €103.27k | 0.0021% € 39.2k | |
| Chairman | 3.33yrs | €259.64k | 0.72% € 13.7m | |
| Independent Non-Executive Director | 3.33yrs | €85.56k | 0.0021% € 39.2k | |
| Independent Non-Executive Director | 3.33yrs | €94.96k | 0.00078% € 14.9k | |
| Non-Independent Non-Executive Director | 3.33yrs | €76.71k | no data | |
| Non-Independent Non-Executive Director | 3.33yrs | €76.71k | no data | |
| Deputy Chairman & Senior Independent Director | 0.33yr | €97.37k | 0.0044% € 83.6k | |
| Employee Representative Director | 3.25yrs | no data | no data | |
| Employee Representative Director | 3.33yrs | no data | no data | |
| Independent Non-Executive Director | 2.17yrs | €85.01k | no data |
3.3yrs
Average Tenure
57yo
Average Age
Experienced Board: RHIM's board of directors are considered experienced (3.3 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
RHI Magnesita N.V.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: RHI Magnesita N.V.
- Ticker: RHIM
- Exchange: LSE
- Founded: 1834
- Industry: Construction Materials
- Sector: Materials
- Market Cap: UK£1.905b
- Shares outstanding: 48.51m
- Website: https://www.rhimagnesita.com
Number of Employees
Location
- RHI Magnesita N.V.
- Kranichberggasse 6
- Vienna
- Vienna
- 1120
- Austria
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RHIM | WBAG (Wiener Boerse AG) | Yes | New Ordinary Shares | AT | EUR | Oct 2017 |
| RHIM | LSE (London Stock Exchange) | Yes | New Ordinary Shares | GB | GBP | Oct 2017 |
| RHF | DB (Deutsche Boerse AG) | Yes | New Ordinary Shares | DE | EUR | Oct 2017 |
| RHIML | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Ordinary Shares | GB | GBP | Oct 2017 |
| RMGN.F | OTCPK (Pink Sheets LLC) | Yes | New Ordinary Shares | US | USD | Oct 2017 |
| RHHM.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Mar 2018 |
Biography
RHI Magnesita N.V. produces and sells refractory products used in high-temperature industrial processes worldwide. The company operates in Steel and Industrial segments. It offers solutions for various fur...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/27 19:00 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.