Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide.
Proven track record with adequate balance sheet.
Share Price & News
How has Rexnord's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RXN has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RXN exceeded the US Machinery industry which returned 11.4% over the past year.
Return vs Market: RXN exceeded the US Market which returned 20.1% over the past year.
Price Volatility Vs. Market
How volatile is Rexnord's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StChief Information Officer Michael Troutman Just Sold A Bunch Of Shares In Rexnord Corporation (NYSE:RXN)
2 weeks ago | Simply Wall StIs There More To Rexnord Corporation (NYSE:RXN) Than Its 12% Returns On Capital?
3 weeks ago | Simply Wall StRead This Before You Buy Rexnord Corporation (NYSE:RXN) Because Of Its P/E Ratio
Is Rexnord undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RXN ($35.29) is trading above our estimate of fair value ($34.98)
Significantly Below Fair Value: RXN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RXN is good value based on its PE Ratio (21x) compared to the Machinery industry average (21.4x).
PE vs Market: RXN is poor value based on its PE Ratio (21x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: RXN is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: RXN is overvalued based on its PB Ratio (3.1x) compared to the US Machinery industry average (2.2x).
How is Rexnord forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RXN's forecast earnings growth (7.6% per year) is above the savings rate (1.7%).
Earnings vs Market: RXN's earnings (7.6% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: RXN's earnings are forecast to grow, but not significantly.
Revenue vs Market: RXN's revenue (3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: RXN's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RXN's Return on Equity is forecast to be low in 3 years time (17%).
How has Rexnord performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RXN has high quality earnings.
Growing Profit Margin: RXN's current net profit margins (8.8%) are higher than last year (8.7%).
Past Earnings Growth Analysis
Earnings Trend: RXN's earnings have grown significantly by 21.3% per year over the past 5 years.
Accelerating Growth: RXN's earnings growth over the past year (2.7%) is below its 5-year average (21.3% per year).
Earnings vs Industry: RXN earnings growth over the past year (2.7%) exceeded the Machinery industry 0.9%.
Return on Equity
High ROE: RXN's Return on Equity (14.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Rexnord's financial position?
Financial Position Analysis
Short Term Liabilities: RXN's short term assets ($968.6M) exceed its short term liabilities ($347.3M).
Long Term Liabilities: RXN's short term assets ($968.6M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: RXN's debt to equity ratio (82%) is considered high.
Reducing Debt: RXN's debt to equity ratio has reduced from 345.5% to 82% over the past 5 years.
Debt Coverage: RXN's debt is well covered by operating cash flow (25.6%).
Interest Coverage: RXN's interest payments on its debt are well covered by EBIT (5.6x coverage).
Inventory Level: RXN has a high level of physical assets or inventory.
Debt Coverage by Assets: RXN's debt is not covered by short term assets (assets are 0.9x debt).
What is Rexnord's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RXN's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: RXN's dividend (0.91%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether RXN's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if RXN's dividend payments are increasing as they only just started paying a dividend.
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 RXN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Todd Adams (48yo)
Mr. Todd A. Adams serves as the Chief Executive Officer and President at Rexnord Industries, LLC. Mr. Adams has been the Chief Executive Officer and President of RBS Global Inc., Rexnord Corporation and Re ...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($USD6.77M) is above average for companies of similar size in the US market ($USD4.89M).
Compensation vs Earnings: Todd's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||8.3yrs||US$2.06m||0.024% $1.0m|
|VP, General Counsel & Secretary||18.1yrs||US$1.18m||0.043% $1.9m|
|Chief Human Resources Officer||5.1yrs||US$1.26m||0.0083% $355.5k|
|Group Executive and President of Process & Motion Control Platform||3.8yrs||US$1.83m||0.0092% $395.9k|
|Chief Information Officer||13.1yrs||no data||0.012% $535.2k|
|Vice President of Investor Relations||0yrs||no data||no data|
|Director of Corporate Communications||0yrs||no data||no data|
|Senior Vice President of Business & Corporate Development||5.3yrs||US$911.21k||0.014% $590.6k|
|Group President of Zurn||7.1yrs||US$1.07m||0.00061% $26.2k|
Experienced Management: RXN's management team is seasoned and experienced (7.7 years average tenure).
|Independent Non-Executive Chairman||4.6yrs||US$250.00k||0.041% $1.8m|
|Independent Director||11.3yrs||US$200.00k||0.026% $1.1m|
|Independent Director||7yrs||US$200.00k||0.030% $1.3m|
|Independent Director||5yrs||US$190.00k||0.014% $617.7k|
|Independent Director||4.3yrs||US$190.00k||0.0051% $218.4k|
|Independent Director||4yrs||US$190.00k||0.010% $435.5k|
|Independent Director||4.6yrs||US$190.00k||0.0025% $108.3k|
|Independent Director||7.7yrs||US$205.00k||0.0029% $123.4k|
|Independent Director||0.8yrs||no data||no data|
Experienced Board: RXN's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RXN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.
Rexnord Corporation's company bio, employee growth, exchange listings and data sources
- Name: Rexnord Corporation
- Ticker: RXN
- Exchange: NYSE
- Founded: 2006
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$4.299b
- Shares outstanding: 121.81m
- Website: https://www.rexnordcorporation.com
Number of Employees
- Rexnord Corporation
- 511 West Freshwater Way
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RXN||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Mar 2012|
|4RX||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 2012|
Rexnord Corporation designs, manufactures, and markets process and motion control, and water management products worldwide. It operates in two segments, Process & Motion Control Platform and Water Management Platform. The company offers table top conveying chain and related accessories, metal conveying and engineered woven metals, gearing and gear drives, conveying equipment, industrial chain, and custom assemblies; custom-engineered, application-specific miniature gearboxes, and motion control assemblies and components used in aerospace, defense, medical equipment, robotics, semiconductor, instrumentation, and satellite communications; and shaft management products, including couplings, torque limiters, electromagnetic clutches and brakes, industrial bearings, and shaft locking assemblies. It also provides aerospace components for use in door systems, engine accessories and controls, engine mounts, flight control systems, gearboxes, landing gears, and rotor pitch controls. In addition, the company offers valve, distribution and drainage, and site work products; water conservation products; and commercial electric hand dryers. It sells products through distribution partners, independent sales representatives, plumbing wholesalers, industry-specific distributors, and sales agencies to commercial construction, institutional, infrastructure, and residential construction end market, as well as to original equipment manufacturers and end users. The company offers its products under the Rexnord, Rex, Addax, Euroflex, Falk, FlatTop, Cambridge, Link-Belt, Omega, PSI, Shafer, Stearns, Highfield, Thomas, Centa, and Tollok, Zurn, Wilkins, Green Turtle, and World Dryer, Aquaflush, AquaSense, AquaVantage, AquaSpec, EcoVantage, Zurn One, and Zurn One Systems names. Rexnord Corporation was incorporated in 2006 and is headquartered in Milwaukee, Wisconsin.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 00:48|
|End of Day Share Price||2020/02/14 00:00|
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.