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Market Cap

US$4.0b

Last Updated

2021/04/10 22:28 UTC

Data Sources

Company Financials +

Executive Summary

Resideo Technologies, Inc. develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. More Details


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Resideo Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: REZI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: REZI's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-5.2%

REZI

2.3%

US Building

2.1%

US Market


1 Year Return

403.8%

REZI

102.6%

US Building

56.3%

US Market

Return vs Industry: REZI exceeded the US Building industry which returned 99.3% over the past year.

Return vs Market: REZI exceeded the US Market which returned 55.3% over the past year.


Shareholder returns

REZIIndustryMarket
7 Day-5.2%2.3%2.1%
30 Day-10.9%4.8%2.4%
90 Day18.9%14.4%6.1%
1 Year403.8%403.8%105.3%102.6%59.1%56.3%
3 Yearn/a90.2%75.1%65.7%55.1%
5 Yearn/a139.4%107.7%122.3%97.6%

Long-Term Price Volatility Vs. Market

How volatile is Resideo Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Resideo Technologies undervalued compared to its fair value and its price relative to the market?

27.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: REZI ($28.06) is trading below our estimate of fair value ($38.74)

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


Price To Earnings Ratio

PE vs Industry: REZI is poor value based on its PE Ratio (95.1x) compared to the US Building industry average (24.7x).

PE vs Market: REZI is poor value based on its PE Ratio (95.1x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: REZI is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: REZI is good value based on its PB Ratio (2x) compared to the US Building industry average (3.1x).


Future Growth

How is Resideo Technologies forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

47.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: REZI's forecast earnings growth (47.1% per year) is above the savings rate (2%).

Earnings vs Market: REZI's earnings (47.1% per year) are forecast to grow faster than the US market (18.7% per year).

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

Revenue vs Market: REZI's revenue (5.3% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: REZI's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: REZI's Return on Equity is forecast to be high in 3 years time (21.5%)


Past Performance

How has Resideo Technologies performed over the past 5 years?

4.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: REZI has a large one-off loss of $40.0M impacting its December 31 2020 financial results.

Growing Profit Margin: REZI's current net profit margins (0.7%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: REZI's earnings have grown by 4.2% per year over the past 5 years.

Accelerating Growth: REZI's earnings growth over the past year (5%) exceeds its 5-year average (4.2% per year).

Earnings vs Industry: REZI earnings growth over the past year (5%) underperformed the Building industry 26.5%.


Return on Equity

High ROE: REZI's Return on Equity (1.9%) is considered low.


Financial Health

How is Resideo Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: REZI's short term assets ($2.2B) exceed its short term liabilities ($1.5B).

Long Term Liabilities: REZI's short term assets ($2.2B) exceed its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: REZI's debt to equity ratio (58.3%) is considered high.

Reducing Debt: Insufficient data to determine if REZI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: REZI's debt is well covered by operating cash flow (21%).

Interest Coverage: REZI's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet


Dividend

What is Resideo Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate REZI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate REZI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if REZI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if REZI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of REZI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

0.9yrs

Average management tenure


CEO

Jay Geldmacher (64 yo)

0.92

Tenure

Mr. Jay L. Geldmacher has been Chief Executive Officer, President and Director at Resideo Technologies, Inc. since May 28, 2020. Since September 2019, Mr. Geldmacher has served as President and CEO of Elec...


Leadership Team

Experienced Management: REZI's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: REZI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: REZI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.4%.


Top Shareholders

Company Information

Resideo Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Resideo Technologies, Inc.
  • Ticker: REZI
  • Exchange: NYSE
  • Founded: 2018
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: US$4.016b
  • Shares outstanding: 143.14m
  • Website: https://www.resideo.com

Number of Employees


Location

  • Resideo Technologies, Inc.
  • 901 East 6th Street
  • Austin
  • Texas
  • 78702
  • United States

Listings


Biography

Resideo Technologies, Inc. develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internation...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/10 22:28
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.