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REZI

Resideo TechnologiesNYSE:REZI Stock Report

Market Cap

US$3.8b

7D

-2.5%

1Y

41.0%

Updated

28 Nov, 2021

Data

Company Financials +
REZI fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance3/6
Financial Health5/6
Dividends0/6

REZI Stock Overview

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.

Resideo Technologies Competitors

Samsung Electronics

KOSE:A005930

₩486.5t

Honeywell International

NasdaqGS:HON

US$143.3b

Raytheon Technologies

NYSE:RTX

US$124.4b

Alarm.com Holdings

NasdaqGS:ALRM

US$4.0b

Price History & Performance

Summary of all time highs, changes and price drops for Resideo Technologies
Historical stock prices
Current Share PriceUS$26.57
52 Week HighUS$33.25
52 Week LowUS$17.33
Beta2.54
1 Month Change7.75%
3 Month Change-18.30%
1 Year Change41.03%
3 Year Change28.79%
5 Year Changen/a
Change since IPO-8.38%

Recent News & Updates

Nov 28
We Think Resideo Technologies (NYSE:REZI) Is Taking Some Risk With Its Debt

We Think Resideo Technologies (NYSE:REZI) Is Taking Some Risk With Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Nov 03
Return Trends At Resideo Technologies (NYSE:REZI) Aren't Appealing

Return Trends At Resideo Technologies (NYSE:REZI) Aren't Appealing

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

REZIUS BuildingUS Market
7D-2.5%-2.5%-2.7%
1Y41.0%41.7%21.3%

Return vs Industry: REZI matched the US Building industry which returned 41.8% over the past year.

Return vs Market: REZI exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is REZI's price volatile compared to industry and market?
REZI volatility
REZI Average Weekly Movement5.5%
Building Industry Average Movement4.8%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: REZI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: REZI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201814,700Jay Geldmacherhttps://www.resideo.com

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. The company operates in two segments, Products & Solutions, and ADI Global Distribution. It offers temperature and humidity control, thermal and combustion solutions, and water and air solutions; and security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home brand.

Resideo Technologies Fundamentals Summary

How do Resideo Technologies's earnings and revenue compare to its market cap?
REZI fundamental statistics
Market CapUS$3.84b
Earnings (TTM)US$234.00m
Revenue (TTM)US$5.89b

16.4x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
REZI income statement (TTM)
RevenueUS$5.89b
Cost of RevenueUS$4.32b
Gross ProfitUS$1.57b
ExpensesUS$1.34b
EarningsUS$234.00m

Last Reported Earnings

Oct 02, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.62
Gross Margin26.66%
Net Profit Margin3.97%
Debt/Equity Ratio57.1%

How did REZI perform over the long term?

See historical performance and comparison

Valuation

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

38.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: REZI ($26.57) is trading below our estimate of fair value ($43.22)

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


Price To Earnings Ratio

PE vs Industry: REZI is good value based on its PE Ratio (16.4x) compared to the US Building industry average (22x).

PE vs Market: REZI is good value based on its PE Ratio (16.4x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: REZI is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: REZI is good value based on its PB Ratio (1.8x) compared to the US Building industry average (2.8x).


Future Growth

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

17.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: REZI's forecast earnings growth (17.5% per year) is above the savings rate (2%).

Earnings vs Market: REZI's earnings (17.5% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: REZI's earnings are forecast to grow, but not significantly.

Revenue vs Market: REZI's revenue (4.6% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: REZI's revenue (4.6% 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 low in 3 years time (19%).


Past Performance

How has Resideo Technologies performed over the past 5 years?

28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: REZI has high quality earnings.

Growing Profit Margin: REZI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: REZI's earnings have grown significantly by 28.7% per year over the past 5 years.

Accelerating Growth: REZI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: REZI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Building industry (45%).


Return on Equity

High ROE: REZI's Return on Equity (10.8%) is considered low.


Financial Health

How is Resideo Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: REZI's short term assets ($2.5B) exceed its short term liabilities ($1.5B).

Long Term Liabilities: REZI's short term assets ($2.5B) exceed its long term liabilities ($2.1B).


Debt to Equity History and Analysis

Debt Level: REZI's net debt to equity ratio (25.3%) is considered satisfactory.

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 (28.8%).

Interest Coverage: REZI's interest payments on its debt are well covered by EBIT (11.9x 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?

1.4yrs

Average management tenure


CEO

Jay Geldmacher (65 yo)

1.5yrs

Tenure

US$4,697,967

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Jay's total compensation ($USD4.70M) is about average for companies of similar size in the US market ($USD5.20M).

Compensation vs Earnings: Insufficient data to compare Jay's compensation with company performance.


Leadership Team

Experienced Management: REZI's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: REZI's board of directors are not considered experienced ( 2.9 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: Insufficient data to determine if insiders have bought more shares than they have sold 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 2.8%.


Top Shareholders

Company Information

Resideo Technologies, Inc.'s 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$3.836b
  • Shares outstanding: 144.39m
  • Website: https://www.resideo.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 23:22
End of Day Share Price2021/11/26 00:00
Earnings2021/10/02
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.