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Gorman-Rupp

NYSE:GRC
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GRC
NYSE
$926M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

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
0.4%
NYSE:GRC
2.3%
US Machinery
0.2%
US Market
1 Year Returns
14.7%
NYSE:GRC
0.8%
US Machinery
6.3%
US Market
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.
Price Volatility
GRC
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gorman-Rupp.

NYSE:GRC Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:GRC
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.

NYSE:GRC DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:GRC DCF 2nd Stage: Terminal Value
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
NYSE:GRC Total Equity Value
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
NYSE:GRC Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:GRC PE (Price to Earnings) Ratio Data Sources
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.

NYSE:GRC PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NYSE:GRC PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NYSE:GRC PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NYSE:GRC PB (Price to Book) Ratio Data Sources
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
NYSE:GRC PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Gorman-Rupp'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. 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!
Annual Growth Rate
9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gorman-Rupp expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:GRC Future Growth Rates Data Sources
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
Raw Data
NYSE:GRC Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:GRC Future Estimates Data
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
NYSE:GRC Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Gorman-Rupp's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
  • Gorman-Rupp's revenue is expected to grow by 5.7% 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:GRC 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.

NYSE:GRC Future Estimates Data
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
NYSE:GRC Past Financials Data
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.

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.
  • Gorman-Rupp is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gorman-Rupp'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.
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
Below we compare Gorman-Rupp'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.
  • 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
Gorman-Rupp'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 Gorman-Rupp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GRC Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Gorman-Rupp'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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Gorman-Rupp'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.
  • 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.
Raw Data

All data from Gorman-Rupp Company Filings, last reported 3 months ago.

NYSE:GRC Past Debt and Equity Data
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.
X
Financial health checks
We assess Gorman-Rupp'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. Gorman-Rupp has a total score of 6/6, 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 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
Dividend payments
1.52%
Current annual income from Gorman-Rupp dividends.
If you bought $2,000 of Gorman-Rupp shares you are expected to receive $30 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?
  • 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.
Raw Data
NYSE:GRC 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 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.

NYSE:GRC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
NYSE:GRC Past Annualized Dividends Data
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).
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 Gorman-Rupp'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 Gorman-Rupp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Gorman-Rupp'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
Jeffrey Gorman
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:

2.3
Average Tenure
57
Average Age
  • The tenure for the Gorman-Rupp management team is about average.
Management Team

Jeffrey Gorman

TITLE
President
COMPENSATION
$1M
AGE
65
TENURE
20.9 yrs

Jim Kerr

TITLE
VP & CFO
COMPENSATION
$622K
AGE
56
TENURE
2.3 yrs

Brigette Burnell

TITLE
VP, General Counsel
COMPENSATION
$475K
AGE
42
TENURE
3.9 yrs

Barbara Woodman

TITLE
Vice President of Human Resources
TENURE
1.3 yrs

Ronald Pittenger

TITLE
VP, Treasurer & Assistant Secretary
AGE
58
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Gorman-Rupp board of directors in years:

19.8
Average Tenure
67
Average Age
  • 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

TITLE
Chairman
COMPENSATION
$143K
AGE
93
TENURE
30.3 yrs

Jeffrey Gorman

TITLE
President
COMPENSATION
$1M
AGE
65
TENURE
30.3 yrs

Tom Hoaglin

TITLE
Independent Director
COMPENSATION
$113K
AGE
69
TENURE
26.3 yrs

Christopher Lake

TITLE
Independent Director
COMPENSATION
$109K
AGE
53
TENURE
19.3 yrs

M. Harlan

TITLE
Lead Director
COMPENSATION
$114K
AGE
58
TENURE
1.3 yrs

W. Walston

TITLE
Independent Director
COMPENSATION
$105K
AGE
75
TENURE
20.3 yrs

Rick Taylor

TITLE
Independent Director
COMPENSATION
$105K
AGE
70
TENURE
16 yrs

Kenneth Reynolds

TITLE
Independent Director
COMPENSATION
$105K
AGE
59
TENURE
5 yrs
Who owns this company?
Recent Insider Trading
  • Gorman-Rupp insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess Gorman-Rupp'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. 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 -

Taking 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 -

The 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 -

Is 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 -

What 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 -

Why 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 -

The 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 -

How 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 -

Why 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 -

Have 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 -

Company 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
Staff numbers
1,200
Gorman-Rupp employees.
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.