| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$23.73 |
| 52 Week High | US$32.94 |
| 52 Week Low | US$18.36 |
| Beta | 2.18 |
| 1 Month Change | 18.65% |
| 3 Month Change | 2.46% |
| 1 Year Change | -23.58% |
| 3 Year Change | 61.76% |
| 5 Year Change | n/a |
| Change since IPO | -18.17% |
Recent News & Updates
Resideo Technologies (NYSE:REZI) Has A Pretty Healthy Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Resideo Technologies GAAP EPS of $0.63 beats by $0.07, revenue of $1.69B beats by $30M
Resideo Technologies press release (NYSE:REZI): Q2 GAAP EPS of $0.63 beats by $0.07. Revenue of $1.69B (+14.2% Y/Y) beats by $30M.
Resideo acquires Electronic Custom Distributors
Resideo Technologies (NYSE:REZI) has acquired privately held Electronic Custom Distributors based in Houston, Texas. ECD was founded in 1960 and is a leading regional distributor of residential audio, video, automation, security, wire and telecommunication products. ECD has four branch locations and a 30,000 sq. ft. distribution center and serves AV contractors across the Texas, Oklahoma, Louisiana and Arkansas region, and will be part of the company's ADI Global Distribution business. Terms of the transaction were not disclosed. "With a strong strategic plan in place, we continue to invest in ADI organically and by pursuing tuck-in acquisitions to bolster our growth and expand our customer and supplier relationships. ECD aligns with our strategy and marks the fifth acquisition for our distribution business since 2020. With an expanded product offering that includes private brands, we're confident this acquisition will help further accelerate diversified growth for ADI across the overall AV and Smart Home market." said Jay Geldmacher, President and CEO of Resideo.
Shareholder Returns
| REZI | US Building | US Market | |
|---|---|---|---|
| 7D | 3.7% | 4.6% | 3.2% |
| 1Y | -23.6% | -15.2% | -10.2% |
Return vs Industry: REZI underperformed the US Building industry which returned -15.2% over the past year.
Return vs Market: REZI underperformed the US Market which returned -10.1% over the past year.
Price Volatility
| REZI volatility | |
|---|---|
| REZI Average Weekly Movement | 5.8% |
| Building Industry Average Movement | 6.1% |
| Market Average Movement | 7.7% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: REZI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: REZI's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2018 | 13,300 | Jay Geldmacher | https://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 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
| REZI fundamental statistics | |
|---|---|
| Market Cap | US$3.46b |
| Earnings (TTM) | US$316.00m |
| Revenue (TTM) | US$6.14b |
10.9x
P/E Ratio0.6x
P/S RatioIs REZI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| REZI income statement (TTM) | |
|---|---|
| Revenue | US$6.14b |
| Cost of Revenue | US$4.44b |
| Gross Profit | US$1.71b |
| Other Expenses | US$1.39b |
| Earnings | US$316.00m |
Last Reported Earnings
Jul 02, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.17 |
| Gross Margin | 27.76% |
| Net Profit Margin | 5.14% |
| Debt/Equity Ratio | 59.4% |
How did REZI perform over the long term?
See historical performance and comparisonValuation
Is REZI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for REZI?
Other financial metrics that can be useful for relative valuation.
| What is REZI's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$3.46b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.8x |
| Enterprise Value/EBITDA | 6.3x |
| PEG Ratio | 1x |
Price to Earnings Ratio vs Peers
How does REZI's PE Ratio compare to its peers?
| REZI PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 30.7x | ||
AAON AAON | 58.7x | 50.5% | US$3.3b |
AWI Armstrong World Industries | 22.7x | 15.1% | US$4.3b |
AZEK AZEK | 27.9x | 20.0% | US$3.3b |
HAYW Hayward Holdings | 11.3x | 1.2% | US$2.6b |
REZI Resideo Technologies | 10.9x | 11.1% | US$3.5b |
Price-To-Earnings vs Peers: REZI is good value based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (30.7x).
Price to Earnings Ratio vs Industry
How does REZI's PE Ratio compare vs other companies in the US Building Industry?
Price-To-Earnings vs Industry: REZI is good value based on its Price-To-Earnings Ratio (10.9x) compared to the US Building industry average (17.5x)
Price to Earnings Ratio vs Fair Ratio
What is REZI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.9x |
| Fair PE Ratio | 20x |
Price-To-Earnings vs Fair Ratio: REZI is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (20x).
Share Price vs Fair Value
What is the Fair Price of REZI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: REZI ($23.73) is trading below our estimate of fair value ($46.9)
Significantly Below Fair Value: REZI is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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Future Growth
How is Resideo Technologies forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
11.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: REZI's forecast earnings growth (11.1% per year) is above the savings rate (1.9%).
Earnings vs Market: REZI's earnings (11.1% per year) are forecast to grow slower than the US market (14.4% per year).
High Growth Earnings: REZI's earnings are forecast to grow, but not significantly.
Revenue vs Market: REZI's revenue (5.1% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: REZI's revenue (5.1% 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 (16.5%).
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Past Performance
How has Resideo Technologies performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
46.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REZI has high quality earnings.
Growing Profit Margin: REZI's current net profit margins (5.1%) are higher than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: REZI has become profitable over the past 5 years, growing earnings by 46.3% per year.
Accelerating Growth: REZI's earnings growth over the past year (31.9%) is below its 5-year average (46.3% per year).
Earnings vs Industry: REZI earnings growth over the past year (31.9%) exceeded the Building industry 19.9%.
Return on Equity
High ROE: REZI's Return on Equity (13.2%) is considered low.
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Financial Health
How is Resideo Technologies's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: REZI's short term assets ($2.5B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: REZI's short term assets ($2.5B) exceed its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: REZI's net debt to equity ratio (48.9%) is considered high.
Reducing Debt: REZI's debt to equity ratio has increased from 0.02% to 59.4% over the past 5 years.
Debt Coverage: REZI's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: REZI's interest payments on its debt are well covered by EBIT (14.1x coverage).
Balance Sheet
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Dividend
What is Resideo Technologies's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as REZI has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Jay Geldmacher (66 yo)
2.25yrs
Tenure
US$14,103,270
Compensation
Mr. Jay L. Geldmacher has been Chief Executive Officer, President and Director at Resideo Technologies, Inc. since May 28, 2020. Since September 2019, Mr. Geldmacher has served as President and CEO of Elec...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD14.10M) is above average for companies of similar size in the US market ($USD6.55M).
Compensation vs Earnings: Jay's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: REZI's management team is considered experienced (2 years average tenure).
Board Members
Experienced Board: REZI's board of directors are considered experienced (4.6 years average tenure).
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 not been meaningfully diluted in the past year.
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
- Implied Market Cap: US$3.457b
- Shares outstanding: 145.69m
- Website: https://www.resideo.com
Number of Employees
Location
- Resideo Technologies, Inc.
- 16100 North 71st Street
- Suite 550
- Austin
- Texas
- 85254
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/13 00:00 |
| End of Day Share Price | 2022/08/12 00:00 |
| Earnings | 2022/07/02 |
| Annual Earnings | 2021/12/31 |
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.