Renishaw plc, an engineering and scientific technology company, designs, manufactures, distributes, sells, and services metrology and healthcare products worldwide. More Details
Excellent balance sheet with limited growth.
Share Price & News
How has Renishaw's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
7 Day Return
1 Year Return
Return vs Industry: RSW underperformed the UK Electronic industry which returned 32.5% over the past year.
Return vs Market: RSW underperformed the UK Market which returned 19.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Renishaw's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StCapital Allocation Trends At Renishaw (LON:RSW) Aren't Ideal
2 months ago | Simply Wall StIs There Now An Opportunity In Renishaw plc (LON:RSW)?
2 months ago | Simply Wall StRenishaw (LON:RSW) Shareholders Have Enjoyed An Impressive 148% Share Price Gain
Is Renishaw undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RSW (£55) is trading above our estimate of fair value (£20.17)
Significantly Below Fair Value: RSW is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RSW is poor value based on its PE Ratio (88.3x) compared to the UK Electronic industry average (40.6x).
PE vs Market: RSW is poor value based on its PE Ratio (88.3x) compared to the UK market (23.8x).
Price to Earnings Growth Ratio
PEG Ratio: RSW is poor value based on its PEG Ratio (6.7x)
Price to Book Ratio
PB vs Industry: RSW is overvalued based on its PB Ratio (6.4x) compared to the GB Electronic industry average (3.4x).
How is Renishaw forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RSW's forecast earnings growth (13.2% per year) is above the savings rate (0.9%).
Earnings vs Market: RSW's earnings (13.2% per year) are forecast to grow slower than the UK market (13.2% per year).
High Growth Earnings: RSW's earnings are forecast to grow, but not significantly.
Revenue vs Market: RSW's revenue (8.3% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: RSW's revenue (8.3% 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 (15.2%).
How has Renishaw performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RSW has a large one-off loss of £36.4M impacting its December 31 2020 financial results.
Growing Profit Margin: RSW's current net profit margins (9%) are higher than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: RSW's earnings have declined by 12% per year over the past 5 years.
Accelerating Growth: RSW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: RSW had negative earnings growth (-4.2%) over the past year, making it difficult to compare to the Electronic industry average (11%).
Return on Equity
High ROE: RSW's Return on Equity (7.3%) is considered low.
How is Renishaw's financial position?
Financial Position Analysis
Short Term Liabilities: RSW's short term assets (£422.9M) exceed its short term liabilities (£91.4M).
Long Term Liabilities: RSW's short term assets (£422.9M) exceed its long term liabilities (£79.9M).
Debt to Equity History and Analysis
Debt Level: RSW's debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: RSW's debt to equity ratio has increased from 0.05% to 1.8% over the past 5 years.
Debt Coverage: RSW's debt is well covered by operating cash flow (1261.2%).
Interest Coverage: RSW's interest payments on its debt are well covered by EBIT (183.6x coverage).
What is Renishaw current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RSW's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.32%).
High Dividend: RSW's dividend (0.51%) is low compared to the top 25% of dividend payers in the UK market (4%).
Stability and Growth of Payments
Stable Dividend: RSW is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: RSW is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: RSW is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RSW's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. William Lee, also known as Will, has been the Chief Executive of Renishaw plc since February 2018 and has been its Member of the Executive Board since December 2015. Mr. Lee is responsible for the prod...
CEO Compensation Analysis
Compensation vs Market: Will's total compensation ($USD827.94K) is below average for companies of similar size in the UK market ($USD2.22M).
Compensation vs Earnings: Will's compensation has been consistent with company performance over the past year.
Experienced Management: RSW's management team is seasoned and experienced (8.6 years average tenure).
Experienced Board: RSW's board of directors are considered experienced (8.4 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Renishaw plc's company bio, employee growth, exchange listings and data sources
- Name: Renishaw plc
- Ticker: RSW
- Exchange: LSE
- Founded: 1973
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: UK£4.003b
- Shares outstanding: 72.78m
- Website: https://www.renishaw.com
Number of Employees
- Renishaw plc
- New Mills
- GL12 8JR
- United Kingdom
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...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 21:30|
|End of Day Share Price||2021/09/16 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.