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GBX

Greenbrier Companies NYSE:GBX Stock Report

Last Price

US$30.36

Market Cap

US$989.4m

7D

-4.6%

1Y

-30.3%

Updated

06 Aug, 2022

Data

Company Financials +
GBX fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance3/6
Financial Health2/6
Dividends2/6

GBX Stock Overview

The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America.

Greenbrier Companies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Greenbrier Companies
Historical stock prices
Current Share PriceUS$30.36
52 Week HighUS$53.46
52 Week LowUS$28.01
Beta1.31
1 Month Change-10.86%
3 Month Change-28.13%
1 Year Change-30.32%
3 Year Change19.15%
5 Year Change-33.86%
Change since IPO116.86%

Recent News & Updates

Aug 03

Greenbrier announces new $150M term loan

The Greenbrier Companies (NYSE:GBX) announced that its Greenbrier Leasing subsidiary has entered a new $150M term loan to finance the continued growth of its leasing fleet. The new loan is non-recourse to Greenbrier, matures in July 2027 and has terms similar to Greenbrier Leasing's term loan completed in August 2021. Half of the loan amount was drawn at closing and the remaining balance is expected to be utilized in the next six months. Interest rates on Greenbrier's long-term debt are fixed at attractive levels, with no material debt maturities until 2026.  Strong liquidity, combined with new railcar backlog valued at $3.6B as of May 31, 2022, and continued high lease fleet utilization, positions Greenbrier well to navigate current macroeconomic conditions.

Jul 14
Greenbrier Companies' (NYSE:GBX) Dividend Will Be $0.27

Greenbrier Companies' (NYSE:GBX) Dividend Will Be $0.27

The board of The Greenbrier Companies, Inc. ( NYSE:GBX ) has announced that it will pay a dividend on the 18th of...

Shareholder Returns

GBXUS MachineryUS Market
7D-4.6%-0.6%1.0%
1Y-30.3%-12.9%-12.9%

Return vs Industry: GBX underperformed the US Machinery industry which returned -12.9% over the past year.

Return vs Market: GBX underperformed the US Market which returned -12.8% over the past year.

Price Volatility

Is GBX's price volatile compared to industry and market?
GBX volatility
GBX Average Weekly Movement6.2%
Machinery Industry Average Movement6.0%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: GBX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GBX's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197410,300Lorie Tekoriushttps://www.gbrx.com

The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels.

Greenbrier Companies Fundamentals Summary

How do Greenbrier Companies's earnings and revenue compare to its market cap?
GBX fundamental statistics
Market CapUS$989.36m
Earnings (TTM)US$58.48m
Revenue (TTM)US$2.63b

16.9x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GBX income statement (TTM)
RevenueUS$2.63b
Cost of RevenueUS$2.30b
Gross ProfitUS$276.81m
Other ExpensesUS$218.33m
EarningsUS$58.48m

Last Reported Earnings

May 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.79
Gross Margin10.54%
Net Profit Margin2.23%
Debt/Equity Ratio103.5%

How did GBX perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

60%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 GBX?

Other financial metrics that can be useful for relative valuation.

GBX 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/Revenue0.9x
Enterprise Value/EBITDA13.6x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

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

GBX PE Ratio vs Peers
The above table shows the PE ratio for GBX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average227x
WNC Wabash National
42.5x17.0%US$864.2m
PLOW Douglas Dynamics
26.1x34.1%US$761.9m
REVG REV Group
33.7x48.7%US$700.6m
SHYF Shyft Group
21.3x64.7%US$908.7m
GBX Greenbrier Companies
16.9x62.7%US$989.4m

Price-To-Earnings vs Peers: GBX is good value based on its Price-To-Earnings Ratio (16.9x) compared to the peer average (227x).


Price to Earnings Ratio vs Industry

How does GBX's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Earnings vs Industry: GBX is good value based on its Price-To-Earnings Ratio (16.9x) compared to the US Machinery industry average (22.4x)


Price to Earnings Ratio vs Fair Ratio

What is GBX'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.

GBX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.9x
Fair PE Ratio49.5x

Price-To-Earnings vs Fair Ratio: GBX is good value based on its Price-To-Earnings Ratio (16.9x) compared to the estimated Fair Price-To-Earnings Ratio (49.5x).


Share Price vs Fair Value

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

Below Fair Value: GBX ($30.36) is trading below our estimate of fair value ($43.44)

Significantly Below Fair Value: GBX is trading below fair value by more than 20%.


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 and analysts are within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


62.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GBX's forecast earnings growth (62.7% per year) is above the savings rate (1.9%).

Earnings vs Market: GBX's earnings (62.7% per year) are forecast to grow faster than the US market (12.8% per year).

High Growth Earnings: GBX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GBX's revenue (11.9% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: GBX's revenue (11.9% 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 GBX's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Greenbrier Companies 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


-28.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GBX has a high level of non-cash earnings.

Growing Profit Margin: GBX's current net profit margins (2.2%) are higher than last year (0.03%).


Past Earnings Growth Analysis

Earnings Trend: GBX's earnings have declined by 28.6% per year over the past 5 years.

Accelerating Growth: GBX's earnings growth over the past year (9695.1%) exceeds its 5-year average (-28.6% per year).

Earnings vs Industry: GBX earnings growth over the past year (9695.1%) exceeded the Machinery industry 10.2%.


Return on Equity

High ROE: GBX's Return on Equity (4.1%) is considered low.


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Financial Health

How is Greenbrier Companies's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GBX's short term assets ($2.0B) exceed its short term liabilities ($903.2M).

Long Term Liabilities: GBX's short term assets ($2.0B) exceed its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: GBX's net debt to equity ratio (71.7%) is considered high.

Reducing Debt: GBX's debt to equity ratio has increased from 46.7% to 103.5% over the past 5 years.

Debt Coverage: GBX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: GBX's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


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Dividend

What is Greenbrier Companies's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.56%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GBX's dividend (3.56%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: GBX's dividend (3.56%) is low compared to the top 25% of dividend payers in the US market (4.09%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GBX has been paying a dividend for less than 10 years.

Growing Dividend: GBX's dividend payments have increased, but the company has only paid a dividend for 8 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (60.1%), GBX's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: GBX is paying a dividend but the company has no free cash flows.


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Management

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

9.5yrs

Average management tenure


CEO

Lorie Tekorius (55 yo)

3yrs

Tenure

US$3,095,786

Compensation

Ms. Lorie L. Tekorius is Principal Executive Officer at The Greenbrier Companies, Inc. since July 6, 2022. She serves as President at The Greenbrier Companies, Inc. since August 26, 2019 and Chief Executiv...


CEO Compensation Analysis

Compensation vs Market: Lorie's total compensation ($USD3.10M) is about average for companies of similar size in the US market ($USD3.94M).

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


Leadership Team

Experienced Management: GBX's management team is seasoned and experienced (9.5 years average tenure).


Board Members

Experienced Board: GBX's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GBX insiders have sold more shares than they have bought 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

The Greenbrier Companies, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: The Greenbrier Companies, Inc.
  • Ticker: GBX
  • Exchange: NYSE
  • Founded: 1974
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: US$989.362m
  • Shares outstanding: 32.59m
  • Website: https://www.gbrx.com

Number of Employees


Location

  • The Greenbrier Companies, Inc.
  • One Centerpointe Drive
  • Suite 200
  • Lake Oswego
  • Oregon
  • 97035
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/05/31
Annual Earnings2021/08/31


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.