Ritchie Bros. Auctioneers
Market Cap
US$6.9b
Last Updated
2021/04/19 22:50 UTC
Data Sources
Company Financials +
Executive Summary
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record established dividend payer.
Similar Companies
Share Price & News
How has Ritchie Bros. Auctioneers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RBA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RBA's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-1.0%
RBA
1.0%
US Commercial Services
1.3%
US Market
1 Year Return
52.0%
RBA
47.3%
US Commercial Services
53.8%
US Market
Return vs Industry: RBA exceeded the US Commercial Services industry which returned 47.3% over the past year.
Return vs Market: RBA underperformed the US Market which returned 53.8% over the past year.
Shareholder returns
| RBA | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 1.0% | 1.3% |
| 30 Day | 10.3% | 8.1% | 5.1% |
| 90 Day | 0.4% | 9.7% | 8.9% |
| 1 Year | 54.4%52.0% | 49.2%47.3% | 56.6%53.8% |
| 3 Year | 100.3%89.5% | 62.2%54.7% | 64.4%53.6% |
| 5 Year | 141.6%119.0% | 129.9%111.2% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Ritchie Bros. Auctioneers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Ritchie Bros. Auctioneers (NYSE:RBA) Has Gifted Shareholders With A Fantastic 140% Total Return On Their Investment2 weeks ago | Simply Wall St
Is Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Popular Amongst Institutions?1 month ago | Simply Wall St
Ritchie Bros. Auctioneers (NYSE:RBA) Has A Rock Solid Balance SheetValuation
Is Ritchie Bros. Auctioneers undervalued compared to its fair value and its price relative to the market?
40.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RBA ($62.87) is trading above our estimate of fair value ($55.68)
Significantly Below Fair Value: RBA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RBA is poor value based on its PE Ratio (40.3x) compared to the US Commercial Services industry average (34.4x).
PE vs Market: RBA is poor value based on its PE Ratio (40.3x) compared to the US market (22.4x).
Price to Earnings Growth Ratio
PEG Ratio: RBA is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: RBA is overvalued based on its PB Ratio (6.9x) compared to the US Commercial Services industry average (2.4x).
Future Growth
How is Ritchie Bros. Auctioneers forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
12.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RBA's forecast earnings growth (12.1% per year) is above the savings rate (2%).
Earnings vs Market: RBA's earnings (12.1% per year) are forecast to grow slower than the US market (17.9% per year).
High Growth Earnings: RBA's earnings are forecast to grow, but not significantly.
Revenue vs Market: RBA's revenue (5.2% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: RBA's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RBA's Return on Equity is forecast to be high in 3 years time (21.9%)
Past Performance
How has Ritchie Bros. Auctioneers performed over the past 5 years?
10.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RBA has high quality earnings.
Growing Profit Margin: RBA's current net profit margins (12.4%) are higher than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: RBA's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: RBA's earnings growth over the past year (14.1%) exceeds its 5-year average (10.1% per year).
Earnings vs Industry: RBA earnings growth over the past year (14.1%) exceeded the Commercial Services industry -12.1%.
Return on Equity
High ROE: RBA's Return on Equity (16.8%) is considered low.
Financial Health
How is Ritchie Bros. Auctioneers's financial position?
Financial Position Analysis
Short Term Liabilities: RBA's short term assets ($556.8M) exceed its short term liabilities ($514.6M).
Long Term Liabilities: RBA's short term assets ($556.8M) do not cover its long term liabilities ($824.6M).
Debt to Equity History and Analysis
Debt Level: RBA's debt to equity ratio (65.8%) is considered high.
Reducing Debt: RBA's debt to equity ratio has increased from 15.2% to 65.8% over the past 5 years.
Debt Coverage: RBA's debt is well covered by operating cash flow (38.7%).
Interest Coverage: RBA's interest payments on its debt are well covered by EBIT (7.7x coverage).
Balance Sheet
Dividend
What is Ritchie Bros. Auctioneers's current dividend yield, its reliability and sustainability?
1.41%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RBA's dividend (1.4%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: RBA's dividend (1.4%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: RBA's dividends per share have been stable in the past 10 years.
Growing Dividend: RBA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.1%), RBA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RBA's dividends in 3 years are forecast to be well covered by earnings (49.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Ann Fandozzi (49 yo)
1.25yrs
Tenure
US$7,193,425
Compensation
Ms. Ann M. Fandozzi serves as Chief Executive Officer & Director at Ritchie Bros. Auctioneers Incorporated since January 6, 2020. She has been the President of ABRA Auto Body & Glass LP since October 10, 2...
CEO Compensation Analysis
Compensation vs Market: Ann's total compensation ($USD7.19M) is about average for companies of similar size in the US market ($USD6.51M).
Compensation vs Earnings: Insufficient data to compare Ann's compensation with company performance.
Leadership Team
Experienced Management: RBA's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
Experienced Board: RBA's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RBA 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
Ritchie Bros. Auctioneers Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ritchie Bros. Auctioneers Incorporated
- Ticker: RBA
- Exchange: NYSE
- Founded: 1958
- Industry: Diversified Support Services
- Sector: Commercial Services
- Market Cap: US$6.912b
- Shares outstanding: 109.94m
- Website: https://www.ritchiebros.com
Number of Employees
Location
- Ritchie Bros. Auctioneers Incorporated
- 9500 Glenlyon Parkway
- Burnaby
- British Columbia
- V5J 0C6
- Canada
Listings
Biography
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, l...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 22:50 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.