Gorman-Rupp
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The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems worldwide. The last earnings update was 46 days ago. More info.
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GRC Share Price and Events
7 Day Returns
1 Year Returns
GRC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Gorman-Rupp (GRC) | 0.4% | 2.2% | 3.7% | 14.7% | 22.5% | 16.5% |
| US Machinery | 2.3% | 5.9% | 11.1% | 0.8% | 51.8% | 32.6% |
| US Market | 0.2% | 2.1% | 8.5% | 6.3% | 37.9% | 45.7% |
1 Year Return vs Industry and Market
- GRC outperformed the Machinery industry which returned 0.8% over the past year.
- GRC outperformed the Market in United States of America which returned 6.3% over the past year.
Value
Is Gorman-Rupp 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
Gorman-Rupp
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 Gorman-Rupp.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9% |
| 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 | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 21%) (0%)) |
1.046 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.05 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.046 * 5.96%) |
8.96% |
Discounted Cash Flow Calculation for NYSE:GRC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Gorman-Rupp 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 (@ 8.96%) |
|
|---|---|---|---|
| 2019 | 42.25 | Analyst x1 | 38.77 |
| 2020 | 44.04 | Analyst x1 | 37.10 |
| 2021 | 45.68 | Est @ 3.72% | 35.31 |
| 2022 | 47.25 | Est @ 3.42% | 33.52 |
| 2023 | 48.77 | Est @ 3.22% | 31.75 |
| 2024 | 50.26 | Est @ 3.07% | 30.03 |
| 2025 | 51.76 | Est @ 2.97% | 28.38 |
| 2026 | 53.25 | Est @ 2.9% | 26.80 |
| 2027 | 54.77 | Est @ 2.85% | 25.29 |
| 2028 | 56.31 | Est @ 2.81% | 23.87 |
| Present value of next 10 years cash flows | $310.82 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $56.31 × (1 + 2.73%) ÷ (8.96% – 2.73%) |
$928.06 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $928.06 ÷ (1 + 8.96%)10 |
$393.35 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $310.82 + $393.35 |
$704.17 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $704.17 / 26.12 |
$26.96 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $26.96 |
| Current discount | Discount to share price of
$35.47
= -1 x ($35.47 - $26.96) / $26.96 |
-31.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Gorman-Rupp is above its future cash flow value.
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 Gorman-Rupp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Gorman-Rupp'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 (2018-12-31) in USD | $1.53 |
| NYSE:GRC Share Price ** | NYSE (2019-04-18) in USD | $35.47 |
| United States of America Machinery Industry PE Ratio | Median Figure of 103 Publicly-Listed Machinery Companies | 21.67x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.15x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Gorman-Rupp.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:GRC Share Price ÷ EPS (both in USD) = 35.47 ÷ 1.53 |
23.17x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Gorman-Rupp is overvalued based on earnings compared to the US Machinery industry average.
- Gorman-Rupp is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Gorman-Rupp's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 23.17x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
9.5%per year |
| United States of America Machinery Industry PEG Ratio | Median Figure of 83 Publicly-Listed Machinery Companies | 1.61x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 23.17x ÷ 9.5% |
2.44x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Gorman-Rupp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Gorman-Rupp's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $11.22 |
| NYSE:GRC Share Price * | NYSE (2019-04-18) in USD | $35.47 |
| United States of America Machinery Industry PB Ratio | Median Figure of 129 Publicly-Listed Machinery Companies | 2.45x |
| United States of America Market PB Ratio | Median Figure of 5,178 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:GRC Share Price ÷ Book Value per Share (both in USD) = 35.47 ÷ 11.22 |
3.16x |
* Primary Listing of Gorman-Rupp.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Gorman-Rupp is overvalued based on assets compared to the US Machinery industry average.
Value checks
We assess Gorman-Rupp'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) Gorman-Rupp has a total score of 0/6, 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 Gorman-Rupp expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
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
- Gorman-Rupp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Gorman-Rupp's earnings growth is positive but not above the United States of America market average.
- Gorman-Rupp'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:GRC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 9.5% |
| NYSE:GRC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 5.7% |
| 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 | 3.7% |
| 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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 464 | 57 | 48 | 1 |
| 2019-12-31 | 435 | 56 | 44 | 1 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 414 | 41 | 40 |
| 2018-09-30 | 406 | 46 | 38 |
| 2018-06-30 | 397 | 34 | 33 |
| 2018-03-31 | 383 | 50 | 31 |
| 2017-12-31 | 379 | 43 | 27 |
| 2017-09-30 | 379 | 35 | 24 |
| 2017-06-30 | 376 | 44 | 25 |
| 2017-03-31 | 374 | 41 | 24 |
| 2016-12-31 | 382 | 53 | 25 |
| 2016-09-30 | 387 | 48 | 25 |
| 2016-06-30 | 400 | 57 | 24 |
| 2016-03-31 | 407 | 52 | 24 |
*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 1 Analyst Estimates (S&P Global) | See Below |
All data from Gorman-Rupp 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 |
|---|---|---|---|---|
| 2020-12-31 | 1.85 | 1.85 | 1.85 | 1.00 |
| 2019-12-31 | 1.70 | 1.70 | 1.70 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.53 |
| 2018-09-30 | 1.47 |
| 2018-06-30 | 1.28 |
| 2018-03-31 | 1.19 |
| 2017-12-31 | 1.02 |
| 2017-09-30 | 0.91 |
| 2017-06-30 | 0.95 |
| 2017-03-31 | 0.91 |
| 2016-12-31 | 0.95 |
| 2016-09-30 | 0.96 |
| 2016-06-30 | 0.92 |
| 2016-03-31 | 0.92 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Gorman-Rupp'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)
Gorman-Rupp 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 Gorman-Rupp 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
- Gorman-Rupp's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Gorman-Rupp's 1-year earnings growth exceeds its 5-year average (50.6% vs -0.7%)
- Gorman-Rupp's earnings growth has exceeded the US Machinery industry average in the past year (50.6% vs 27.9%).
Earnings and Revenue History
All data from Gorman-Rupp 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 |
|---|---|---|---|---|
| 2018-12-31 | 414.33 | 39.98 | 61.80 | |
| 2018-09-30 | 406.26 | 38.43 | 53.30 | |
| 2018-06-30 | 397.35 | 33.43 | 53.59 | |
| 2018-03-31 | 383.39 | 31.11 | 56.15 | |
| 2017-12-31 | 379.39 | 26.56 | 59.25 | |
| 2017-09-30 | 378.65 | 23.67 | 58.86 | |
| 2017-06-30 | 376.02 | 24.89 | 58.18 | |
| 2017-03-31 | 374.42 | 23.67 | 54.45 | |
| 2016-12-31 | 382.07 | 24.88 | 55.03 | |
| 2016-09-30 | 386.66 | 25.14 | 55.31 | |
| 2016-06-30 | 399.55 | 24.11 | 54.79 | |
| 2016-03-31 | 407.17 | 24.12 | 55.35 | |
| 2015-12-31 | 406.15 | 25.11 | 54.99 | |
| 2015-09-30 | 412.33 | 27.69 | 54.73 | |
| 2015-06-30 | 418.26 | 31.23 | 55.48 | |
| 2015-03-31 | 424.09 | 33.46 | 54.71 | |
| 2014-12-31 | 434.93 | 36.14 | 54.25 | |
| 2014-09-30 | 421.56 | 35.43 | 52.33 | |
| 2014-06-30 | 412.59 | 33.93 | 50.73 | |
| 2014-03-31 | 409.27 | 34.24 | 50.22 | |
| 2013-12-31 | 391.67 | 30.10 | 50.32 | |
| 2013-09-30 | 388.72 | 26.62 | 51.93 | |
| 2013-06-30 | 379.16 | 25.38 | 51.21 | |
| 2013-03-31 | 365.32 | 23.78 | 49.49 | |
| 2012-12-31 | 375.69 | 28.20 | 46.97 | |
| 2012-09-30 | 380.08 | 29.62 | 46.83 | |
| 2012-06-30 | 378.67 | 30.57 | 46.04 |
*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.
- Gorman-Rupp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Gorman-Rupp used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
- Gorman-Rupp has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Gorman-Rupp'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)
Gorman-Rupp has a total score of 4/6, 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 Gorman-Rupp'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 Gorman-Rupp's finances.
The net worth of a company is the difference between its assets and liabilities.
- Gorman-Rupp is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Gorman-Rupp'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.
- Gorman-Rupp has no debt, it does not need to be covered by short term assets.
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 Gorman-Rupp Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 293.13 | 0.00 | 46.46 |
| 2018-09-30 | 347.74 | 0.00 | 101.38 |
| 2018-06-30 | 339.57 | 0.00 | 83.72 |
| 2018-03-31 | 332.55 | 0.00 | 88.39 |
| 2017-12-31 | 325.50 | 0.00 | 79.68 |
| 2017-09-30 | 319.01 | 0.00 | 75.96 |
| 2017-06-30 | 314.39 | 0.00 | 66.97 |
| 2017-03-31 | 306.78 | 0.00 | 60.45 |
| 2016-12-31 | 302.89 | 0.00 | 57.60 |
| 2016-09-30 | 301.04 | 0.00 | 63.68 |
| 2016-06-30 | 296.17 | 0.00 | 49.54 |
| 2016-03-31 | 292.32 | 0.00 | 40.19 |
| 2015-12-31 | 287.02 | 0.00 | 23.72 |
| 2015-09-30 | 288.82 | 1.97 | 33.82 |
| 2015-06-30 | 289.79 | 6.00 | 25.99 |
| 2015-03-31 | 284.01 | 9.00 | 27.30 |
| 2014-12-31 | 281.97 | 12.00 | 24.49 |
| 2014-09-30 | 283.71 | 17.17 | 33.20 |
| 2014-06-30 | 278.29 | 22.67 | 29.70 |
| 2014-03-31 | 271.22 | 5.16 | 22.00 |
| 2013-12-31 | 264.14 | 9.00 | 31.12 |
| 2013-09-30 | 253.70 | 9.00 | 33.82 |
| 2013-06-30 | 246.52 | 15.00 | 27.10 |
| 2013-03-31 | 238.81 | 19.00 | 16.71 |
| 2012-12-31 | 234.72 | 22.00 | 20.37 |
| 2012-09-30 | 235.21 | 8.00 | 15.03 |
| 2012-06-30 | 229.25 | 9.00 | 17.09 |
- Gorman-Rupp has no debt.
- Gorman-Rupp has no debt compared to 5 years ago when it was 3.4%.
- Gorman-Rupp has no debt, it does not need to be covered by operating cash flow.
- Gorman-Rupp has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Gorman-Rupp'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) Gorman-Rupp has a total score of 6/6, 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 Gorman-Rupp'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
Gorman-Rupp
shares you are expected to receive
$30
in your first year as a dividend.
Dividend Amount
- Gorman-Rupp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Gorman-Rupp's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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 1 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 2009 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-25 | 0.540 | 1.583 |
| 2018-10-26 | 0.540 | 1.621 |
| 2018-07-27 | 0.500 | 1.398 |
| 2018-04-27 | 0.500 | 1.456 |
| 2018-01-26 | 0.500 | 1.722 |
| 2017-10-27 | 0.500 | 1.592 |
| 2017-07-28 | 0.460 | 1.514 |
| 2017-04-28 | 0.460 | 1.772 |
| 2017-01-27 | 0.460 | 1.506 |
| 2016-11-03 | 0.460 | 1.512 |
| 2016-10-28 | 0.460 | 1.986 |
| 2016-07-29 | 0.420 | 1.616 |
| 2016-04-28 | 0.420 | 1.498 |
| 2016-01-29 | 0.420 | 1.621 |
| 2015-10-28 | 0.420 | 1.568 |
| 2015-10-23 | 0.420 | 1.516 |
| 2015-07-24 | 0.400 | 1.648 |
| 2015-04-24 | 0.400 | 1.440 |
| 2015-01-22 | 0.400 | 1.372 |
| 2014-10-28 | 0.400 | 1.287 |
| 2014-10-24 | 0.400 | 1.346 |
| 2014-07-25 | 0.360 | 1.180 |
| 2014-04-25 | 0.360 | 1.085 |
| 2014-01-23 | 0.360 | 1.148 |
| 2013-10-25 | 0.360 | 1.118 |
| 2013-07-26 | 0.320 | 1.066 |
| 2013-04-25 | 0.320 | 1.325 |
| 2013-01-24 | 0.320 | 1.369 |
| 2012-10-26 | 0.320 | 1.411 |
| 2012-07-27 | 0.320 | 1.447 |
| 2012-04-26 | 0.320 | 1.383 |
| 2012-01-26 | 0.288 | 1.195 |
| 2011-10-27 | 0.288 | 1.289 |
| 2011-07-29 | 0.288 | 1.320 |
| 2011-04-28 | 0.288 | 1.102 |
| 2011-01-27 | 0.269 | 1.153 |
| 2010-10-28 | 0.269 | 1.313 |
| 2010-07-22 | 0.269 | 1.479 |
| 2010-04-22 | 0.269 | 1.535 |
| 2010-01-28 | 0.269 | 1.672 |
| 2009-10-23 | 0.269 | 1.580 |
| 2009-07-27 | 0.256 | 1.674 |
| 2009-04-23 | 0.256 | 1.905 |
| 2009-04-20 | 0.256 | 1.918 |
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
Gorman-Rupp's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Gorman-Rupp'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 Gorman-Rupp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Gorman-Rupp 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
CEO
| COMPENSATION | $1,093,794 |
| AGE | 65 |
| TENURE AS CEO | 20.9 years |
CEO Bio
Mr. Jeffrey S. Gorman has been the Chief Executive Officer and President of Gorman-Rupp Co. since May 1, 1998 and served as its Senior Vice President since 1996. Mr. Gorman served as of General Manager of the Mansfield Division of Gorman-Rupp Co. from 1989 to 2005. He served as Assistant General Manager of Gorman-Rupp Co. from 1986 to 1988; and its Corporate Secretary from 1982 to 1990. He has been a Director of Gorman Rupp Co since 1989. Mr. Gorman is a member of the Board of Directors of Mechanics Bank, Mansfield, Ohio and former Chairman of the Ohio Chamber of Commerce.
CEO Compensation
- Jeffrey's compensation has been consistent with company performance over the past year.
- Jeffrey's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Gorman-Rupp management team in years:
- The tenure for the Gorman-Rupp management team is about average.
Management Team
Jeffrey Gorman
President
$1M
65
20.9 yrs
Jim Kerr
VP & CFO
$622K
56
2.3 yrs
Brigette Burnell
VP, General Counsel
$475K
42
3.9 yrs
Barbara Woodman
Vice President of Human Resources
1.3 yrs
Ronald Pittenger
VP, Treasurer & Assistant Secretary
58
2.3 yrs
Board of Directors Tenure
Average tenure and age of the Gorman-Rupp board of directors in years:
- The average tenure for the Gorman-Rupp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
James Gorman
Chairman
$143K
93
30.3 yrs
Jeffrey Gorman
President
$1M
65
30.3 yrs
Tom Hoaglin
Independent Director
$113K
69
26.3 yrs
Christopher Lake
Independent Director
$109K
53
19.3 yrs
M. Harlan
Lead Director
$114K
58
1.3 yrs
W. Walston
Independent Director
$105K
75
20.3 yrs
Rick Taylor
Independent Director
$105K
70
16 yrs
Kenneth Reynolds
Independent Director
$105K
59
5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Mar 19 | Sell | Christopher Lake | Individual | 07. Mar 19 | 07. Mar 19 | -2,000 | $33.07 | $-66,140 | ||
| 17. Aug 18 | Sell | Christopher Lake | Individual | 17. Aug 18 | 17. Aug 18 | -2,000 | $36.69 | $-73,380 | ||
| 02. Aug 18 | Sell | Ronald Pittenger | Individual | 01. Aug 18 | 01. Aug 18 | -4,968 | $37.13 | $-184,462 | ||
| 14. May 18 | Sell | Christopher Lake | Individual | 11. May 18 | 11. May 18 | -1,500 | $33.24 | $-49,860 | ||
Management checks
We assess Gorman-Rupp'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) Gorman-Rupp 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
How Does Investing In The Gorman-Rupp Company (NYSE:GRC) Impact The Volatility Of Your Portfolio?
If you're interested in The Gorman-Rupp Company (NYSE:GRC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleTaking A Look At The Gorman-Rupp Company's (NYSE:GRC) ROE
Our data shows Gorman-Rupp has a return on equity of 14% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleThe Gorman-Rupp (NYSE:GRC) Share Price Has Gained 35% And Shareholders Are Hoping For More
For example, the The Gorman-Rupp Company (NYSE:GRC) share price return of 35% over three years lags the market return in the same period. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During three years of share price growth, Gorman-Rupp achieved compound earnings per share growth of 17% per year.
Simply Wall St - – Full articleIs The Gorman-Rupp Company (NYSE:GRC) An Attractive Dividend Stock?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, The Gorman-Rupp Company (NYSE:GRC) has been paying a dividend to shareholders. … Let's dig deeper into whether Gorman-Rupp should have a place in your portfolio.
Simply Wall St - – Full articleWhat Can We Make Of The Gorman-Rupp Company’s (NYSE:GRC) High Return On Capital?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleWhy The Gorman-Rupp Company's (NYSE:GRC) High P/E Ratio Isn't Necessarily A Bad Thing
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Gorman-Rupp has a P/E ratio of 22.43, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleThe Gorman-Rupp Company (NYSE:GRC) Will Pay US$0.14 In Dividends
To qualify for the dividend check of US$0.14 per share, investors must have owned the shares prior to 14 February 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Gorman-Rupp's latest financial data to analyse its dividend characteristics. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?
Simply Wall St - – Full articleHow Much Did The Gorman-Rupp Company's (NYSE:GRC) CEO Pocket Last Year?
Jeffrey Gorman has been the CEO of The Gorman-Rupp Company (NYSE:GRC) since 1998. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jeffrey Gorman's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWhy The Gorman-Rupp Company (NYSE:GRC) Could Be Worth Watching
As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Today I will analyse the most recent data on Gorman-Rupp’s outlook and valuation to see if the opportunity still exists
Simply Wall St - – Full articleHave Insiders Been Selling The Gorman-Rupp Company (NYSE:GRC) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in The Gorman-Rupp Company (NYSE:GRC). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … We generally tread carefully if insiders have been selling on market, even if they sold slightly above the current price.
Simply Wall St - – Full articleCompany Info
Description
The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems worldwide. The company’s products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps. Its products are used in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, military, and other liquid-handling applications, as well as in heating, ventilating, and air conditioning applications. The company markets its products through a network of distributors, manufacturers’ representatives, third-party distributor catalogs, direct sales, and e-commerce. The Gorman-Rupp Company was founded in 1933 and is headquartered in Mansfield, Ohio.
Details
| Name: | The Gorman-Rupp Company |
| GRC | |
| Exchange: | NYSE |
| Founded: | 1933 |
| $926,371,586 | |
| 26,117,045 | |
| Website: | http://www.gormanrupp.com |
| Address: |
The Gorman-Rupp Company 600 South Airport Road, Mansfield, Ohio, 44903, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | GRC | Common Shares | New York Stock Exchange | US | USD | 07. Dec 1971 |
Number of employees
Current staff
Industry
| Industrial Machinery | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 23:36 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/03/04 |
| Last earnings filing: | 2019/03/04 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
