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Greenbrier Companies

NYSE:GBX
Snowflake Description

Very undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GBX
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The last earnings update was 11 days ago. More info.


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  • Greenbrier Companies has significant price volatility in the past 3 months.
GBX Share Price and Events
7 Day Returns
4.2%
NYSE:GBX
0.7%
US Machinery
0.4%
US Market
1 Year Returns
-26.3%
NYSE:GBX
0.2%
US Machinery
6.8%
US Market
GBX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Greenbrier Companies (GBX) 4.2% -10.3% -17.3% -26.3% 8.8% -31.9%
US Machinery 0.7% 5.6% 14.3% 0.2% 50.2% 31.1%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • GBX underperformed the Machinery industry which returned 0.2% over the past year.
  • GBX underperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
GBX
Industry
5yr Volatility vs Market

Value

 Is Greenbrier Companies undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Greenbrier Companies.

NYSE:GBX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:GBX
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 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 21%) (47.14%))
1.311
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.311 * 5.96%)
10.54%

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.

NYSE:GBX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.54%)
2019 133.10 Analyst x1 120.41
2020 149.65 Analyst x2 122.47
2021 163.11 Est @ 9% 120.75
2022 174.72 Est @ 7.12% 117.01
2023 184.86 Est @ 5.8% 111.99
2024 193.88 Est @ 4.88% 106.25
2025 202.09 Est @ 4.23% 100.19
2026 209.73 Est @ 3.78% 94.06
2027 217.00 Est @ 3.47% 88.04
2028 224.05 Est @ 3.25% 82.23
Present value of next 10 years cash flows $1,063.40
NYSE:GBX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $224.05 × (1 + 2.73%) ÷ (10.54% – 2.73%)
$2,945.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,945.92 ÷ (1 + 10.54%)10
$1,081.21
NYSE:GBX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,063.40 + $1,081.21
$2,144.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,144.61 / 32.41
$66.18
NYSE:GBX Discount to Share Price
Calculation Result
Value per share (USD) From above. $66.18
Current discount Discount to share price of $33.28
= -1 x ($33.28 - $66.18) / $66.18
49.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Greenbrier Companies is available for.
Intrinsic value
50%
Share price is $33.28 vs Future cash flow value of $66.18
Current Discount Checks
For Greenbrier Companies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Greenbrier Companies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Greenbrier Companies's share price is below the future cash flow value, and 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?
Raw Data
NYSE:GBX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in USD $2.60
NYSE:GBX Share Price ** NYSE (2019-04-16) in USD $33.28
United States of America Machinery Industry PE Ratio Median Figure of 103 Publicly-Listed Machinery Companies 21.72x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Greenbrier Companies.

NYSE:GBX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GBX Share Price ÷ EPS (both in USD)

= 33.28 ÷ 2.60

12.78x

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?
Raw Data
NYSE:GBX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
18.1%per year
United States of America Machinery Industry PEG Ratio Median Figure of 83 Publicly-Listed Machinery Companies 1.6x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:GBX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.78x ÷ 18.1%

0.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Greenbrier Companies is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Greenbrier Companies's assets?
Raw Data
NYSE:GBX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in USD $38.85
NYSE:GBX Share Price * NYSE (2019-04-16) in USD $33.28
United States of America Machinery Industry PB Ratio Median Figure of 129 Publicly-Listed Machinery Companies 2.43x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
NYSE:GBX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GBX Share Price ÷ Book Value per Share (both in USD)

= 33.28 ÷ 38.85

0.86x

* 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.
X
Value checks
We assess Greenbrier Companies's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Greenbrier Companies has a total score of 6/6, 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

 How is Greenbrier Companies expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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!
Annual Growth Rate
18.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Greenbrier Companies expected to grow at an attractive rate?
  • 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 expected to exceed 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
Raw Data
NYSE:GBX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:GBX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 18.1%
NYSE:GBX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.3%
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 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
Raw Data
NYSE:GBX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:GBX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-08-31 3,114 218 130 7
2019-08-31 3,218 181 117 7
NYSE:GBX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-02-28 2,594 -36 85
2018-11-30 2,564 46 143
2018-08-31 2,519 103 152
2018-05-31 2,442 282 145
2018-02-28 2,239 193 144
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Greenbrier Companies's earnings are expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
  • Greenbrier Companies's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:GBX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Greenbrier Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GBX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-08-31 3.91 4.15 3.49 6.00
2019-08-31 3.48 3.56 3.39 6.00
NYSE:GBX Past Financials Data
Date (Data in USD Millions) EPS *
2019-02-28 2.60
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

*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.
X
Future performance checks
We assess Greenbrier Companies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Greenbrier Companies has a total score of 2/6, 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
Below we compare Greenbrier Companies's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Greenbrier Companies's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Greenbrier Companies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Greenbrier Companies's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.
Earnings and Revenue History
Greenbrier Companies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Greenbrier Companies Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GBX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 2,593.79 84.61 195.43 6.00
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 2,239.44 144.46 183.04 4.20
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).
X
Past performance checks
We assess Greenbrier Companies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Greenbrier Companies has a total score of 1/6, 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Greenbrier Companies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x 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.
Raw Data

All data from Greenbrier Companies Company Filings, last reported 1 month ago.

NYSE:GBX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 1,428.91 508.43 341.50
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 (35.6%) 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 (80.1% vs 35.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess Greenbrier Companies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Greenbrier Companies has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
3%
Current annual income from Greenbrier Companies dividends. Estimated to be 3.09% next year.
If you bought $2,000 of Greenbrier Companies shares you are expected to receive $60 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Greenbrier Companies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Greenbrier Companies's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Upcoming dividend payment

Purchase Greenbrier Companies before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
NYSE:GBX Annualized Past and Future Dividends
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 7 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
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.

NYSE:GBX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-08-31 1.06 1.00
2019-08-31 1.00 1.00
NYSE:GBX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-05 1.000 3.045
2019-01-09 1.000 2.573
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
2009-04-17 0.160 2.153

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 (2.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Greenbrier Companies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. Greenbrier Companies has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Greenbrier Companies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Furman
COMPENSATION $7,473,644
AGE 74
TENURE AS CEO 25.3 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:

3.3
Average Tenure
61
Average Age
  • The tenure for the Greenbrier Companies management team is about average.
Management Team

Bill Furman

TITLE
Chairman
COMPENSATION
$7M
AGE
74
TENURE
25.3 yrs

Adrian Downes

TITLE
Acting CFO
COMPENSATION
$1M
AGE
55
TENURE
0.7 yrs

Lorie Tekorius

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
51
TENURE
0.7 yrs

Brian Comstock

TITLE
Executive Vice President of Sales & Marketing
COMPENSATION
$2M
AGE
56
TENURE
1 yrs

Mark Rittenbaum

TITLE
Executive VP and Chief Commercial & Leasing Officer
COMPENSATION
$2M
AGE
61
TENURE
26.3 yrs

Alejandro Centurion

TITLE
Executive VP & President of Global Manufacturing Operations
COMPENSATION
$2M
AGE
62
TENURE
13.7 yrs

Justin Roberts

TITLE
VP of Corporate Finance & Treasurer
TENURE
2.3 yrs

Martin Baker

TITLE
Chief Compliance Officer
COMPENSATION
$2M
AGE
63
TENURE
10.9 yrs

Owen Whitehall

TITLE
Executive Vice President of Global Mfg. Organization - North American Operations & Global Sourcing
TENURE
1 yrs

Jack Isselmann

TITLE
Senior Vice President of External Affairs & Programs
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure and age of the Greenbrier Companies board of directors in years:

5.3
Average Tenure
69
Average Age
  • The tenure for the Greenbrier Companies board of directors is about average.
Board of Directors

Graeme Allan Jack

TITLE
Director
COMPENSATION
$269K
AGE
68
TENURE
12.5 yrs

Bill Furman

TITLE
Chairman
COMPENSATION
$7M
AGE
74
TENURE
5.3 yrs

Kelly Williams

TITLE
Director
COMPENSATION
$250K
AGE
54
TENURE
4 yrs

Tom Fargo

TITLE
Director
COMPENSATION
$255K
AGE
69
TENURE
3.8 yrs

Duane McDougall

TITLE
Lead Director
COMPENSATION
$319K
AGE
66
TENURE
5.3 yrs

Don Washburn

TITLE
Director
COMPENSATION
$257K
AGE
74
TENURE
14.7 yrs

Charles Swindells

TITLE
Director
COMPENSATION
$350K
AGE
76
TENURE
13.6 yrs

Wanda Felton

TITLE
Independent Director
COMPENSATION
$242K
AGE
60
TENURE
1.8 yrs

David Starling

TITLE
Independent Director
COMPENSATION
$240K
AGE
69
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess Greenbrier Companies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Why The Greenbrier Companies, Inc. (NYSE:GBX) Could Be Worth Watching

saw significant share price movement during recent months on the NYSE, rising to highs of $44.02 and falling to the lows of $31.93. … A question to answer is whether Greenbrier Companies's current trading price of $32.67 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 -

Does The Greenbrier Companies, Inc. (NYSE:GBX) Have A Good P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at The Greenbrier Companies, Inc.'s (NYSE:GBX) P/E ratio and reflect on what it tells us about the company's share price. … Greenbrier Companies has a price to earnings ratio of 7.12, based on the last twelve months.

Simply Wall St -

A Closer Look At The Greenbrier Companies, Inc.'s (NYSE:GBX) Uninspiring ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Greenbrier Companies has a return on equity of 11% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

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 -

Greenbrier 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 -

These 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 -

The 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 -

Calculating 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 -

What 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 -

Why 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 -

Company 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
$1,078,480,465
32,406,264
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
Staff numbers
13,400
Greenbrier Companies employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/16 23:38
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2019/04/05
Last earnings reported: 2019/02/28
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.