Greenbrier Companies
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The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The last earnings update was 68 days ago. More info.
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GBX Share Price and Events
7 Day Returns
1 Year Returns
GBX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Greenbrier Companies (GBX) | -0.4% | -11.4% | -4.6% | -25.5% | 36.7% | -17.5% |
| US Machinery | 0.8% | -0.7% | 13.4% | -8% | 46.5% | 26.1% |
| US Market | 2.4% | 1.7% | 11.9% | 1.9% | 38.2% | 42.4% |
1 Year Return vs Industry and Market
- GBX underperformed the Machinery industry which returned -8% over the past year.
- GBX underperformed the Market in United States of America which returned 1.9% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Greenbrier Companies
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Greenbrier Companies.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 10 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Machinery Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.059 (1 + (1- 21%) (41.25%)) |
1.271 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.27 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.271 * 5.96%) |
10.3% |
Discounted Cash Flow Calculation for NYSE:GBX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Greenbrier Companies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.3%) |
|
|---|---|---|---|
| 2019 | 168.25 | Analyst x2 | 152.53 |
| 2020 | 143.00 | Analyst x1 | 117.53 |
| 2021 | 127.96 | Est @ -10.51% | 95.35 |
| 2022 | 119.59 | Est @ -6.54% | 80.79 |
| 2023 | 115.10 | Est @ -3.76% | 70.49 |
| 2024 | 113.01 | Est @ -1.81% | 62.75 |
| 2025 | 112.50 | Est @ -0.45% | 56.63 |
| 2026 | 113.07 | Est @ 0.5% | 51.60 |
| 2027 | 114.39 | Est @ 1.17% | 47.33 |
| 2028 | 116.27 | Est @ 1.64% | 43.61 |
| Present value of next 10 years cash flows | $778.61 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $116.27 × (1 + 2.73%) ÷ (10.3% – 2.73%) |
$1,577.22 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,577.22 ÷ (1 + 10.3%)10 |
$591.59 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $778.61 + $591.59 |
$1,370.20 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,370.20 / 32.35 |
$42.36 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $42.36 |
| Current discount | Discount to share price of
$38.21
= -1 x ($38.21 - $42.36) / $42.36 |
9.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Greenbrier Companies's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Greenbrier Companies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Greenbrier Companies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Greenbrier Companies's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-11-30) in USD | $4.53 |
| NYSE:GBX Share Price ** | NYSE (2019-03-18) in USD | $38.21 |
| United States of America Machinery Industry PE Ratio | Median Figure of 103 Publicly-Listed Machinery Companies | 20.62x |
| United States of America Market PE Ratio | Median Figure of 3,055 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Greenbrier Companies.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:GBX Share Price ÷ EPS (both in USD) = 38.21 ÷ 4.53 |
8.44x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greenbrier Companies is good value based on earnings compared to the US Machinery industry average.
- Greenbrier Companies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Greenbrier Companies's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.44x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts |
2.9%per year |
| United States of America Machinery Industry PEG Ratio | Median Figure of 85 Publicly-Listed Machinery Companies | 1.51x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 8.44x ÷ 2.9% |
2.95x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greenbrier Companies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Greenbrier Companies's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-11-30) in USD | $38.88 |
| NYSE:GBX Share Price * | NYSE (2019-03-18) in USD | $38.21 |
| United States of America Machinery Industry PB Ratio | Median Figure of 129 Publicly-Listed Machinery Companies | 2.41x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:GBX Share Price ÷ Book Value per Share (both in USD) = 38.21 ÷ 38.88 |
0.98x |
* Primary Listing of Greenbrier Companies.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greenbrier Companies is good value based on assets compared to the US Machinery industry average.
Value checks
We assess Greenbrier Companies's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check) Greenbrier Companies has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Greenbrier Companies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Greenbrier Companies's earnings growth is positive but not above the United States of America market average.
- Greenbrier Companies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:GBX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts | 2.9% |
| NYSE:GBX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts | 2.2% |
| United States of America Machinery Industry Earnings Growth Rate | Market Cap Weighted Average | 11% |
| United States of America Machinery Industry Revenue Growth Rate | Market Cap Weighted Average | 3.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-08-31 | 2,862 | 1 | ||
| 2020-08-31 | 3,106 | 223 | 147 | 9 |
| 2019-08-31 | 3,055 | 246 | 141 | 10 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-11-30 | 2,564 | 46 | 143 |
| 2018-08-31 | 2,519 | 103 | 152 |
| 2018-05-31 | 2,442 | 282 | 145 |
| 2018-02-28 | 2,239 | 188 | 144 |
| 2017-11-30 | 2,176 | 214 | 117 |
| 2017-08-31 | 2,169 | 286 | 116 |
| 2017-05-31 | 2,153 | 215 | 126 |
| 2017-02-28 | 2,327 | 267 | 128 |
| 2016-11-30 | 2,429 | 427 | 139 |
| 2016-08-31 | 2,680 | 337 | 183 |
| 2016-05-31 | 2,850 | 357 | 217 |
| 2016-02-29 | 2,952 | 349 | 224 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
All data from Greenbrier Companies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-08-31 | ||||
| 2020-08-31 | 4.43 | 4.70 | 4.25 | 7.00 |
| 2019-08-31 | 4.28 | 4.35 | 4.20 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-11-30 | 4.53 |
| 2018-08-31 | 4.92 |
| 2018-05-31 | 4.82 |
| 2018-02-28 | 4.92 |
| 2017-11-30 | 4.01 |
| 2017-08-31 | 3.97 |
| 2017-05-31 | 4.32 |
| 2017-02-28 | 4.41 |
| 2016-11-30 | 4.77 |
| 2016-08-31 | 6.28 |
| 2016-05-31 | 7.36 |
| 2016-02-29 | 7.70 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Greenbrier Companies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Greenbrier Companies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Greenbrier Companies has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Greenbrier Companies performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Greenbrier Companies's year on year earnings growth rate has been positive over the past 5 years.
- Greenbrier Companies's 1-year earnings growth exceeds its 5-year average (22.3% vs 10%)
- Greenbrier Companies's earnings growth has not exceeded the US Machinery industry average in the past year (22.3% vs 35.4%).
Earnings and Revenue History
All data from Greenbrier Companies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-11-30 | 2,564.45 | 143.48 | 197.83 | 6.00 |
| 2018-08-31 | 2,519.46 | 151.78 | 194.44 | 6.00 |
| 2018-05-31 | 2,441.67 | 144.59 | 196.22 | |
| 2018-02-28 | 2,239.44 | 144.46 | 187.24 | |
| 2017-11-30 | 2,176.39 | 117.36 | 172.24 | 4.20 |
| 2017-08-31 | 2,169.16 | 116.07 | 166.41 | 4.20 |
| 2017-05-31 | 2,152.95 | 125.88 | 164.13 | |
| 2017-02-28 | 2,326.65 | 128.41 | 164.60 | |
| 2016-11-30 | 2,429.45 | 138.74 | 163.35 | |
| 2016-08-31 | 2,679.52 | 183.21 | 155.98 | 2.70 |
| 2016-05-31 | 2,849.80 | 216.54 | 157.24 | |
| 2016-02-29 | 2,951.54 | 224.00 | 153.76 | |
| 2015-11-30 | 2,912.61 | 229.48 | 148.41 | |
| 2015-08-31 | 2,605.28 | 192.83 | 151.79 | |
| 2015-05-31 | 2,457.92 | 173.30 | 142.66 | |
| 2015-02-28 | 2,336.60 | 164.08 | 137.66 | |
| 2014-11-30 | 2,208.67 | 129.32 | 132.89 | |
| 2014-08-31 | 2,203.96 | 111.92 | 125.27 | |
| 2014-05-31 | 2,070.07 | 85.28 | 115.85 | |
| 2014-02-28 | 1,910.45 | -4.34 | 106.37 | |
| 2013-11-30 | 1,831.40 | -6.09 | 103.18 | |
| 2013-08-31 | 1,756.42 | -11.05 | 103.18 | |
| 2013-05-31 | 1,715.74 | -24.36 | 103.96 | |
| 2013-02-28 | 1,789.87 | 50.79 | 107.42 | |
| 2012-11-30 | 1,824.89 | 54.62 | 107.46 | |
| 2012-08-31 | 1,807.72 | 58.71 | 104.60 | |
| 2012-05-31 | 1,806.92 | 63.94 | 99.11 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Greenbrier Companies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Greenbrier Companies used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
- Greenbrier Companies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Greenbrier Companies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Greenbrier Companies has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Greenbrier Companies's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Greenbrier Companies's finances.
The net worth of a company is the difference between its assets and liabilities.
- Greenbrier Companies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Greenbrier Companies's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Greenbrier Companies Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-11-30 | 1,427.67 | 509.95 | 462.80 |
| 2018-08-31 | 1,413.98 | 463.93 | 530.66 |
| 2018-05-31 | 1,385.01 | 458.17 | 590.62 |
| 2018-02-28 | 1,276.08 | 567.75 | 586.61 |
| 2017-11-30 | 1,215.42 | 565.87 | 591.41 |
| 2017-08-31 | 1,215.04 | 562.55 | 611.47 |
| 2017-05-31 | 1,139.70 | 532.64 | 465.41 |
| 2017-02-28 | 1,100.03 | 532.60 | 545.75 |
| 2016-11-30 | 1,031.76 | 300.33 | 233.79 |
| 2016-08-31 | 1,016.83 | 301.85 | 222.68 |
| 2016-05-31 | 989.88 | 306.81 | 214.44 |
| 2016-02-29 | 932.19 | 397.54 | 283.54 |
| 2015-11-30 | 914.46 | 488.56 | 197.63 |
| 2015-08-31 | 863.49 | 377.32 | 172.93 |
| 2015-05-31 | 783.00 | 438.79 | 122.78 |
| 2015-02-28 | 634.76 | 531.89 | 145.51 |
| 2014-11-30 | 596.17 | 489.83 | 118.96 |
| 2014-08-31 | 573.72 | 458.17 | 184.92 |
| 2014-05-31 | 528.20 | 465.15 | 198.49 |
| 2014-02-28 | 497.58 | 398.17 | 143.93 |
| 2013-11-30 | 482.86 | 411.47 | 81.23 |
| 2013-08-31 | 456.83 | 422.10 | 97.44 |
| 2013-05-31 | 430.30 | 465.91 | 31.61 |
| 2013-02-28 | 485.95 | 477.61 | 55.64 |
| 2012-11-30 | 470.50 | 517.52 | 41.28 |
| 2012-08-31 | 453.65 | 488.83 | 53.57 |
| 2012-05-31 | 435.53 | 499.46 | 44.92 |
- Greenbrier Companies's level of debt (35.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (85.2% vs 35.7% today).
- Debt is not well covered by operating cash flow (9%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).
Financial health checks
We assess Greenbrier Companies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Greenbrier Companies has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Greenbrier Companies's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Greenbrier Companies
shares you are expected to receive
$52
in your first year as a dividend.
Dividend Amount
- Greenbrier Companies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Greenbrier Companies's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| United States of America Machinery Industry Average Dividend Yield | Market Cap Weighted Average of 78 Stocks | 2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-08-31 | 1.08 | 1.00 |
| 2020-08-31 | 1.11 | 2.00 |
| 2019-08-31 | 1.04 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-09 | 1.000 | 2.453 |
| 2018-10-26 | 1.000 | 2.273 |
| 2018-06-29 | 1.000 | 1.730 |
| 2018-04-06 | 1.000 | 2.103 |
| 2018-01-05 | 0.920 | 1.822 |
| 2017-10-27 | 0.920 | 1.835 |
| 2017-06-29 | 0.880 | 1.927 |
| 2017-04-05 | 0.880 | 1.929 |
| 2017-01-06 | 0.840 | 1.900 |
| 2016-07-27 | 0.840 | 2.365 |
| 2016-07-06 | 0.840 | 2.722 |
| 2016-04-05 | 0.800 | 2.785 |
| 2015-10-30 | 0.800 | 2.844 |
| 2015-07-01 | 0.600 | 1.503 |
| 2015-04-07 | 0.600 | 1.016 |
| 2014-10-30 | 0.600 | 1.089 |
| 2014-07-02 | 0.600 | 0.917 |
| 2011-01-07 | 0.000 | 0.000 |
| 2010-11-10 | 0.000 | 0.000 |
| 2010-07-09 | 0.000 | 0.000 |
| 2010-07-08 | 0.000 | 0.000 |
| 2010-04-07 | 0.000 | 0.000 |
| 2010-01-08 | 0.000 | 0.000 |
| 2009-11-12 | 0.000 | 0.000 |
| 2009-07-08 | 0.000 | 0.000 |
| 2009-07-07 | 0.000 | 0.000 |
| 2009-03-19 | 0.160 | 2.591 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Greenbrier Companies's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (4.6x coverage).
- Dividends after 3 years are expected to be well covered by earnings (4x coverage).
Income/ dividend checks
We assess Greenbrier Companies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Greenbrier Companies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Greenbrier Companies has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $7,473,644 |
| AGE | 74 |
| TENURE AS CEO | 25.2 years |
CEO Bio
Mr. William A. Furman, also known as Bill, has been Chief Executive Officer and President at The Greenbrier Companies at Gunderson, LLC since 1994. Mr. Furman serves as Principal Executive Officer and Manager at Greenbrier Rail Services, LLC. He serves as Principal Executive Officer and Manager at Gunderson Marine LLC. He serves as Chief Executive Officer and President at Autostack Company LLC. He serves as Principal Executive Officer of Greenbrier Management Services LLC - General Partner at Greenbrier Leasing, L.P. He serves as Principal Executive Officer of Gunderson LLC - Manager at Gunderson Specialty Products, LLC. He serves as Chief Executive Officer at Greenbrier Leasing Limited Partner, LLC. He serves as Trustee at Lewis & Clark College. He has been Chairman of The Greenbrier Companies, Inc. since January, 2014, serves as its President and Chief Executive Officer since 1994 and was Vice President or its predecessor company, from 1974 to 1994. He serves as Chairman and Principal Executive Officer at Greenbrier-Concarril, LLC. He serves as Principal Executive Officer and Member of Board of Managers at Greenbrier Railcar LLC. He serves as Chief Executive Officer and Manager at Greenbrier Leasing Company, LLC. He serves as Independent Director at Schnitzer Steel Billings. He previously served as Independent Director at Schnitzer Steel Industries, Inc.
CEO Compensation
- Bill's compensation has been consistent with company performance over the past year.
- Bill's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Greenbrier Companies management team in years:
- The tenure for the Greenbrier Companies management team is about average.
Management Team
Bill Furman
Chairman
$7M
74
25.2 yrs
Adrian Downes
Acting CFO
$1M
55
0.6 yrs
Lorie Tekorius
Executive VP & COO
$2M
51
0.6 yrs
Brian Comstock
Executive Vice President of Sales & Marketing
$2M
56
0.9 yrs
Mark Rittenbaum
Executive VP and Chief Commercial & Leasing Officer
$2M
61
26.2 yrs
Alejandro Centurion
Executive VP & President of Global Manufacturing Operations
$2M
62
13.6 yrs
Justin Roberts
VP of Corporate Finance & Treasurer
2.2 yrs
Martin Baker
Chief Compliance Officer
$2M
63
10.8 yrs
Walt Hannan
Chief HR Officer & Senior VP of HR
61
7.1 yrs
Owen Whitehall
Executive Vice President of Global Mfg. Organization - North American Operations & Global Sourcing
0.9 yrs
Board of Directors Tenure
Average tenure and age of the Greenbrier Companies board of directors in years:
- The tenure for the Greenbrier Companies board of directors is about average.
Board of Directors
Graeme Jack
Director
$269K
68
12.4 yrs
Bill Furman
Chairman
$7M
74
5.2 yrs
Kelly Williams
Director
$250K
54
3.9 yrs
Tom Fargo
Director
$255K
69
3.7 yrs
Duane McDougall
Lead Director
$319K
66
5.2 yrs
Don Washburn
Director
$257K
74
14.6 yrs
Charles Swindells
Director
$350K
76
13.5 yrs
Wanda Felton
Independent Director
$242K
60
1.8 yrs
David Starling
Independent Director
$240K
69
1.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Nov 18 | Sell | Mark Rittenbaum | Individual | 08. Nov 18 | 08. Nov 18 | -300 | $52.43 | $-15,729 | ||
| 24. Jul 18 | Sell | Brian Comstock | Individual | 20. Jul 18 | 23. Jul 18 | -5,000 | $58.06 | $-289,902 | ||
| 19. Jul 18 | Sell | Anne Manning | Individual | 18. Jul 18 | 18. Jul 18 | -3,000 | $55.05 | $-165,150 | ||
| 17. May 18 | Sell | Mark Rittenbaum | Individual | 16. May 18 | 16. May 18 | -10,000 | $47.68 | $-476,774 | ||
| 11. May 18 | Sell | Alejandro Centurion | Individual | 10. May 18 | 10. May 18 | -3,000 | $46.55 | $-139,650 | ||
| 18. Apr 18 | Sell | Alejandro Centurion | Individual | 16. Apr 18 | 16. Apr 18 | -2,000 | $45.25 | $-90,500 | ||
| 13. Apr 18 | Sell | Alejandro Centurion | Individual | 11. Apr 18 | 12. Apr 18 | -8,000 | $44.85 | $-357,320 | ||
Management checks
We assess Greenbrier Companies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Greenbrier Companies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Read This Before Buying The Greenbrier Companies, Inc. (NYSE:GBX) Shares
We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in The Greenbrier Companies, Inc. … Greenbrier Companies Insider Transactions Over The Last Year.
Simply Wall St - – Full articleGreenbrier Companies Shareholders Have Enjoyed A 56% Share Price Gain
(NYSE:GBX) shareholders, since the share price has fallen 16% in that time. … Over the last three years, Greenbrier Companies failed to grow earnings per share, which fell 17% (annualized). … What's clear is that historic earnings and revenue aren't matching up with the share price action, very well.
Simply Wall St - – Full articleThese Fundamentals Make The Greenbrier Companies, Inc. (NYSE:GBX) Truly Worth Looking At
Help shape the future of investing tools and receive a $20 prize! … Upon building up an investment case for a stock, we should look at various aspects. … that has been able to sustain great financial health over the past.
Simply Wall St - – Full articleThe Greenbrier Companies, Inc. (NYSE:GBX): Time For A Financial Health Check
(NYSE:GBX) with its market cap of US$1.4b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.
Simply Wall St - – Full articleCalculating The Intrinsic Value Of The Greenbrier Companies, Inc. (NYSE:GBX)
I am going to run you through how I calculated the intrinsic value of The Greenbrier Companies, Inc. … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleWhat Kind Of Share Price Volatility Should You Expect For The Greenbrier Companies, Inc. (NYSE:GBX)?
The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleWhy The Greenbrier Companies, Inc.’s (NYSE:GBX) Return On Capital Employed Might Be A Concern
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWhat To Know Before Buying The Greenbrier Companies, Inc. (NYSE:GBX) For Its Dividend
Over the past 10 years The Greenbrier Companies, Inc. … The company currently pays out a dividend yield of 2.5% to shareholders, making it a relatively attractive dividend stock. … Let's dig deeper into whether Greenbrier Companies should have a place in your portfolio.
Simply Wall St - – Full articleShould You Be Worried About Insider Transactions At The Greenbrier Companies, Inc. (NYSE:GBX)?
We often see insiders buying up shares in companies that perform well over the long term. … So we know that an insider sold shares at around the present share price of US$42.59. … In total, Greenbrier Companies insiders sold more than they bought over the last year
Simply Wall St - – Full articleShould You Investigate The Greenbrier Companies Inc (NYSE:GBX) At US$46.56?
The Greenbrier Companies Inc (NYSE:GBX), which is in the machinery business, and is based in United States,. … A question to answer is whether Greenbrier Companies's current trading price of $46.56 reflective of the actual value of the? … Let’s take a look at Greenbrier Companies’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleCompany Info
Description
The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges. The Wheels & Parts segment provides wheel services, including reconditioning of wheels and axles, new axle machining and finishing, and axle downsizing; and reconditions and manufactures railcar cushioning units, couplers, yokes, side frames, bolsters, and various other parts, as well as produces roofs, doors, and associated parts for boxcars. The Leasing & Services segment offers operating leases and ‘by the mile’ leases for a fleet of approximately 8,100 railcars; and management services comprising railcar maintenance management, railcar accounting services, fleet management, administration, and railcar remarketing. This segment owns or provides management services to a fleet of approximately 357,000 railcars for railroads, shippers, carriers, institutional investors, and other leasing and transportation companies. The Greenbrier Companies, Inc. serves railroads, leasing companies, financial institutions, shippers, carriers, and transportation companies. The company was founded in 1974 and is headquartered in Lake Oswego, Oregon.
Details
| Name: | The Greenbrier Companies, Inc. |
| GBX | |
| Exchange: | NYSE |
| Founded: | 1974 |
| $1,236,101,600 | |
| 32,350,212 | |
| Website: | http://www.gbrx.com |
| Address: |
The Greenbrier Companies, Inc. One Centerpointe Drive, Suite 200, Lake Oswego, Oregon, 97035, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | GBX | Common Stock | New York Stock Exchange | US | USD | 14. Jul 1994 | |
| DB | G90 | Common Stock | Deutsche Boerse AG | DE | EUR | 14. Jul 1994 | |
| BST | G90 | Common Stock | Boerse-Stuttgart | DE | EUR | 14. Jul 1994 | |
| BMV | GBX * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 14. Jul 1994 |
Number of employees
Current staff
Industry
| Construction Machinery and Heavy Trucks | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 23:36 |
| End of day share price update: | 2019/03/18 00:00 |
| Last estimates confirmation: | 2019/03/11 |
| Last earnings filing: | 2019/01/09 |
| Last earnings reported: | 2018/11/30 |
| Last annual earnings reported: | 2018/08/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
