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RSW

Renishaw LSE:RSW Stock Report

Last Price

UK£35.26

Market Cap

UK£2.6b

7D

-0.6%

1Y

-33.3%

Updated

24 Sep, 2022

Data

Company Financials +
RSW fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance3/6
Financial Health5/6
Dividends4/6

RSW Stock Overview

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide.

Renishaw Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Renishaw
Historical stock prices
Current Share PriceUK£35.26
52 Week HighUK£53.75
52 Week LowUK£33.70
Beta0.83
1 Month Change-7.84%
3 Month Change-7.02%
1 Year Change-33.28%
3 Year Change-3.92%
5 Year Change-25.97%
Change since IPO1,705.56%

Recent News & Updates

Sep 18
Renishaw (LON:RSW) Is Paying Out A Larger Dividend Than Last Year

Renishaw (LON:RSW) Is Paying Out A Larger Dividend Than Last Year

Renishaw plc's ( LON:RSW ) dividend will be increasing from last year's payment of the same period to £0.566 on 5th of...

Sep 01
Renishaw (LON:RSW) Looks To Prolong Its Impressive Returns

Renishaw (LON:RSW) Looks To Prolong Its Impressive Returns

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...

Shareholder Returns

RSWGB ElectronicGB Market
7D-0.6%0.3%-3.1%
1Y-33.3%-33.3%-14.4%

Return vs Industry: RSW matched the UK Electronic industry which returned -33.3% over the past year.

Return vs Market: RSW underperformed the UK Market which returned -13.8% over the past year.

Price Volatility

Is RSW's price volatile compared to industry and market?
RSW volatility
RSW Average Weekly Movement4.2%
Electronic Industry Average Movement5.0%
Market Average Movement5.2%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

Stable Share Price: RSW is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: RSW's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19735,097Will Leehttps://www.renishaw.com

Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. The company offers co-ordinate measuring machine (CMM) products, machine tool probe and software, performance measurement systems, gauging systems, fixtures, and styli for touch probe systems; interferometric laser, magnetic, and optical encoders; additive manufacturing systems; plastics and metal vacuum casting machines; and mapping sensors. It also provides healthcare products, such as dental scanners, neurosurgical robots and accessories, neurosurgical planning software, drug delivery systems, Raman microscopes, craniomaxillofacial customized implants, analysers, and hybrid Raman systems.

Renishaw Fundamentals Summary

How do Renishaw's earnings and revenue compare to its market cap?
RSW fundamental statistics
Market CapUK£2.57b
Earnings (TTM)UK£120.35m
Revenue (TTM)UK£671.08m

21.3x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RSW income statement (TTM)
RevenueUK£671.08m
Cost of RevenueUK£313.53m
Gross ProfitUK£357.55m
Other ExpensesUK£237.20m
EarningsUK£120.35m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Sep 30, 2022

Earnings per share (EPS)1.65
Gross Margin53.28%
Net Profit Margin17.93%
Debt/Equity Ratio0.7%

How did RSW perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

44%

Payout Ratio

Does RSW pay a reliable dividends?

See RSW dividend history and benchmarks
When do you need to buy RSW by to receive an upcoming dividend?
Renishaw dividend dates
Ex Dividend DateNov 03 2022
Dividend Pay DateDec 05 2022
Days until Ex dividend38 days
Days until Dividend pay date70 days

Does RSW pay a reliable dividends?

See RSW dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is RSW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for RSW?

Other financial metrics that can be useful for relative valuation.

RSW key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.5x
Enterprise Value/EBITDA13x
PEG Ratio3.3x

Price to Earnings Ratio vs Peers

How does RSW's PE Ratio compare to its peers?

RSW PE Ratio vs Peers
The above table shows the PE ratio for RSW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.1x
SXS Spectris
14.6x-5.3%UK£2.9b
OXIG Oxford Instruments
27.5x13.6%UK£1.1b
HLMA Halma
31.9x6.4%UK£7.8b
SDI SDI Group
22.5x4.8%UK£169.7m
RSW Renishaw
21.3x6.4%UK£2.6b

Price-To-Earnings vs Peers: RSW is good value based on its Price-To-Earnings Ratio (21.3x) compared to the peer average (24.1x).


Price to Earnings Ratio vs Industry

How does RSW's PE Ratio compare vs other companies in the European Electronic Industry?

Price-To-Earnings vs Industry: RSW is expensive based on its Price-To-Earnings Ratio (21.3x) compared to the European Electronic industry average (19.4x)


Price to Earnings Ratio vs Fair Ratio

What is RSW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RSW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.3x
Fair PE Ratio29.7x

Price-To-Earnings vs Fair Ratio: RSW is good value based on its Price-To-Earnings Ratio (21.3x) compared to the estimated Fair Price-To-Earnings Ratio (29.7x).


Share Price vs Fair Value

What is the Fair Price of RSW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RSW (£35.26) is trading above our estimate of fair value (£26.49)

Significantly Below Fair Value: RSW is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Renishaw forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RSW's forecast earnings growth (6.4% per year) is above the savings rate (0.9%).

Earnings vs Market: RSW's earnings (6.4% per year) are forecast to grow slower than the UK market (8.8% per year).

High Growth Earnings: RSW's earnings are forecast to grow, but not significantly.

Revenue vs Market: RSW's revenue (4.1% per year) is forecast to grow slower than the UK market (4.6% per year).

High Growth Revenue: RSW'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: RSW's Return on Equity is forecast to be low in 3 years time (16.1%).


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Past Performance

How has Renishaw performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RSW has high quality earnings.

Growing Profit Margin: RSW's current net profit margins (17.9%) are lower than last year (19.7%).


Past Earnings Growth Analysis

Earnings Trend: RSW's earnings have declined by 6.7% per year over the past 5 years.

Accelerating Growth: RSW's earnings growth over the past year (8%) exceeds its 5-year average (-6.7% per year).

Earnings vs Industry: RSW earnings growth over the past year (8%) exceeded the Electronic industry 0.2%.


Return on Equity

High ROE: RSW's Return on Equity (14.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Renishaw's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: RSW's short term assets (£590.5M) exceed its short term liabilities (£132.7M).

Long Term Liabilities: RSW's short term assets (£590.5M) exceed its long term liabilities (£44.9M).


Debt to Equity History and Analysis

Debt Level: RSW has more cash than its total debt.

Reducing Debt: Insufficient data to determine if RSW's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: RSW's debt is well covered by operating cash flow (1998.2%).

Interest Coverage: RSW earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.06%

Current Dividend Yield

Upcoming Dividend Payment

TodaySep 25 2022Ex Dividend DateNov 03 2022Dividend Pay DateDec 05 202232 days from Ex DividendBuy in the next 38 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: RSW's dividend (2.06%) is higher than the bottom 25% of dividend payers in the UK market (2.05%).

High Dividend: RSW's dividend (2.06%) is low compared to the top 25% of dividend payers in the UK market (5.77%).


Stability and Growth of Payments

Stable Dividend: RSW's dividend payments have been volatile in the past 10 years.

Growing Dividend: RSW's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.9%), RSW's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (64.7%), RSW's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

8.7yrs

Average management tenure


CEO

Will Lee

4.58yrs

Tenure

UK£1,488,000

Compensation

Mr. William Lee, also known as Will, has been a Director of Renishaw plc since December 2015. He has been the Chief Executive of Renishaw plc since February 2018 and served as its Member of the Executive B...


CEO Compensation Analysis

Compensation vs Market: Will's total compensation ($USD1.63M) is below average for companies of similar size in the UK market ($USD2.71M).

Compensation vs Earnings: Will's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: RSW's management team is seasoned and experienced (8.7 years average tenure).


Board Members

Experienced Board: RSW's board of directors are considered experienced (8.3 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

LSE:RSW Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
11 Apr 22BuyUK£49,597William LeeIndividual1,324UK£37.46

Ownership Breakdown

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


Top Shareholders

Top 25 shareholders own 85.37% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
36.24%
David McMurtry
26,377,291£930.1m0%no data
16.59%
David Deer
12,076,790£425.8m0%no data
6.14%
Baillie Gifford & Co.
4,468,321£157.6m-4.05%0.09%
3.93%
Liontrust Asset Management PLC
2,863,171£101.0m2.72%0.49%
3.18%
BlackRock, Inc.
2,312,309£81.5m18.18%no data
2.48%
The Vanguard Group, Inc.
1,801,346£63.5m23.7%no data
1.84%
Columbia Management Investment Advisers, LLC
1,339,296£47.2m-8.01%0.02%
1.44%
Schroder Investment Management Limited
1,046,924£36.9m31.62%0.03%
1.26%
Sprucegrove Investment Management Ltd
918,716£32.4m6964.33%0.59%
1.24%
Mirae Asset Global Investments Co., Ltd
900,591£31.8m-6.78%0.05%
1.14%
T. Rowe Price Group, Inc.
826,709£29.1m0.17%no data
1.13%
William Blair Investment Management, LLC
819,617£28.9m1.35%0.06%
1.03%
Norges Bank Investment Management
752,758£26.5m4.82%no data
1.03%
Janus Henderson Group plc
746,547£26.3m9.96%0.02%
0.82%
Legal & General Investment Management Limited
598,488£21.1m-5.19%0.01%
0.8%
GO ETF Solutions LLP
585,710£20.7m-15.38%0.32%
0.78%
Charles Stanley & Co. Ltd, Asset Management Arm
568,562£20.0m-0.27%0.21%
0.7%
J.P. Morgan Asset Management, Inc.
512,000£18.1m-1.73%no data
0.64%
Brewin Dolphin Limited
465,882£16.4m-6.02%0.17%
0.6%
J.M. Finn & Co. Ltd.
436,960£15.4m1.31%0.35%
0.5%
Rathbone Investment Management Limited
365,140£12.9m-1.39%0.05%
0.48%
Quilter Cheviot Limited
348,656£12.3m-21.43%0.13%
0.48%
HSBC Global Asset Management (UK) Limited
345,927£12.2m-3.69%0.01%
0.47%
Vident Investment Advisory, LLC
344,149£12.1m-1.88%0.3%
0.42%
Capital Research and Management Company
305,400£10.8m0%no data

Company Information

Renishaw plc's employee growth, exchange listings and data sources


Key Information

  • Name: Renishaw plc
  • Ticker: RSW
  • Exchange: LSE
  • Founded: 1973
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: UK£2.566b
  • Shares outstanding: 72.78m
  • Website: https://www.renishaw.com

Number of Employees


Location

  • Renishaw plc
  • New Mills
  • Wotton-under-Edge
  • Gloucestershire
  • GL12 8JR
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RSWLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
REWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
RNSH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
RSWLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.