Ritchie Bros. Auctioneers
Market Cap
US$4.3b
Last Updated
2019/10/19 23:38 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.
Snowflake
Fundamentals
Established dividend payer with proven track record.
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
Market Performance
7 Day Return
1.2%
RBA
1.7%
US Commercial Services
0.4%
US Market
1 Year Return
20.8%
RBA
18.4%
US Commercial Services
6.9%
US Market
Return vs Industry: RBA exceeded the US Commercial Services industry which returned 18.4% over the past year.
Return vs Market: RBA exceeded the US Market which returned 6.9% over the past year.
Shareholder returns
| RBA | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 1.7% | 0.4% |
| 30 Day | 4.0% | 3.2% | -1.2% |
| 90 Day | 10.2% | 2.8% | -0.4% |
| 1 Year | 23.3%20.8% | 22.9%18.4% | 9.3%6.9% |
| 3 Year | 20.3%12.9% | 73.8%61.9% | 45.8%36.4% |
| 5 Year | 87.4%68.2% | 103.9%83.4% | 62.9%45.1% |
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
Why Fundamental Investors Might Love Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)3 weeks ago | Simply Wall St
What Ritchie Bros. Auctioneers Incorporated's (NYSE:RBA) ROE Can Tell Us1 month ago | Simply Wall St
Is Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) A Great Dividend Stock?Valuation
Is Ritchie Bros. Auctioneers undervalued compared to its fair value and its price relative to the market?
33.1x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: RBA ($39.87) is trading above our estimate of fair value ($39.12)
Significantly Undervalued: 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 (33.1x) compared to the Commercial Services industry average (25.5x).
PE vs Market: RBA is poor value based on its PE Ratio (33.1x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: RBA is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: RBA is overvalued based on its PB Ratio (5.2x) compared to the US Commercial Services industry average (1.8x).
Next Steps
Future Growth
How is Ritchie Bros. Auctioneers forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
14.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RBA's forecast earnings growth (14.3% per year) is above the savings rate (2.7%).
Earnings vs Market: RBA's earnings (14.3% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: RBA's earnings are forecast to grow, but not significantly.
Revenue vs Market: RBA's revenue (5% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: RBA's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if RBA's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Ritchie Bros. Auctioneers performed over the past 5 years?
0.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: RBA's earnings have grown by 0.4% per year over the past 5 years.
Accelerating Growth: RBA's earnings growth over the past year (19.1%) exceeds its 5-year average (0.4% per year).
Earnings vs Industry: RBA earnings growth over the past year (19.1%) exceeded the Commercial Services industry -2.4%.
Return on Equity
High ROE: RBA's Return on Equity (15.7%) is considered low.
Return on Assets
ROA vs Industry: RBA has a higher Return on Assets than the Commercial Services industry average last year.
Return on Capital Employed
ROCE Improving: RBA's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Ritchie Bros. Auctioneers's financial position?
Financial Position Analysis
Short Term Liabilities: RBA's short term assets ($827.3M) exceeds its short term liabilities ($665.5M)
Long Term Liabilities: RBA's short term assets (827.3M) do not cover its long term liabilities (873.8M)
Debt to Equity History and Analysis
Debt Level: RBA's debt to equity ratio (85.3%) is considered high
Reducing Debt: RBA's debt to equity ratio has increased from 22.5% to 85.3% over the past 5 years.
Debt Coverage: RBA's debt is well covered by operating cash flow (27.6%).
Interest Coverage: RBA's interest payments on its debt are well covered by EBIT (4.6x coverage).
Balance Sheet
Inventory Level: RBA has a high level of physical assets or inventory.
Debt Coverage by Assets: RBA's debt is covered by short term assets (assets are 1.160350x debt).
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Dividend
What is Ritchie Bros. Auctioneers's current dividend yield, its reliability and sustainability?
2.01%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: RBA's dividend (2.01%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: RBA's dividend (2.01%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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 (61.4%), 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 covered by earnings (53.5% payout ratio).
Next Steps
Management
What is the CEO of Ritchie Bros. Auctioneers's salary, the management and board of directors tenure and is there insider trading?
2.4yrs
Average management tenure
CEO
Karl Werner (54yo)
0yrs
Tenure
US$1,182,177
Compensation
Mr. Karl W. Werner has been President of International at Ritchie Bros. Auctioneers Incorporated January 2017 and is its Interim Co-Chief Executive Officer since October 1, 2019. Mr. Werner oversees sales ...
CEO Compensation Analysis
Compensation vs. Market: Karl has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.4yrs
Average Tenure
55.5yo
Average Age
Experienced Management: RBA's management team is considered experienced (2.4 years average tenure).
Board Age and Tenure
3.3yrs
Average Tenure
60.5yo
Average Age
Experienced Board: RBA's board of directors are considered experienced (3.3 years average tenure).
Insider Trading
Insider Buying: RBA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Head of Human Resources Chief Human Resources Officer |
| Shares | 2,428 |
| Max Price | US$39.80 |
| Entity | Individual |
| Role | Head of Human Resources Chief Human Resources Officer |
| Shares | 2,000 |
| Max Price | US$39.80 |
| Entity | Individual |
| Role | Head of Human Resources Chief Human Resources Officer |
| Shares | 2,000 |
| Max Price | US$39.50 |
| Entity | Individual |
| Role | Head of Human Resources Chief Human Resources Officer |
| Shares | 2 |
| Max Price | US$38.34 |
| Entity | Individual |
| Shares | 60 |
| Max Price | US$35.02 |
Ownership Breakdown
Management Team
Jeff Jeter (60yo)
President of Upstream & Emerging Businesses - North America
- Tenure: 2.3yrs
- Compensation: US$1.10m
Matt Ackley (51yo)
Chief Marketing Officer
- Tenure: 0.8yrs
Dave Ritchie
Founder and Chairman Emeritus
- Tenure: 12.9yrs
- Compensation: US$142.50k
Curt Hinkelman
Senior Vice President of Sales - Eastern USA
- Tenure: 0yrs
Karl Werner (54yo)
Interim Co-CEO & President of International
- Tenure: 0yrs
- Compensation: US$1.18m
Sharon Driscoll (57yo)
Interim Co-CEO & CFO
- Tenure: 2.5yrs
- Compensation: US$1.67m
Brian Glenn
Senior VP & Head of Canada Sales
- Tenure: 2.4yrs
Darren Watt (47yo)
Senior VP
- Tenure: 6.8yrs
Todd Wohler (60yo)
Chief Human Resources Officer
- Tenure: 4.8yrs
- Compensation: US$1.21m
Zaheed Mawani
Vice President of Investor Relations
- Tenure: 0yrs
Board Members
Sarah Raiss (62yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$215.34k
Dave Ritchie
Founder and Chairman Emeritus
- Tenure: 12.9yrs
- Compensation: US$142.50k
Chris Zimmerman (59yo)
Independent Director
- Tenure: 11.5yrs
- Compensation: US$204.03k
Bob Elton (67yo)
Independent Director
- Tenure: 7.5yrs
- Compensation: US$223.31k
J. Fennell (62yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$193.78k
Bev Briscoe (64yo)
Chair of the Board
- Tenure: 5.3yrs
- Compensation: US$362.27k
Erik Olsson (57yo)
Independent Vice Chairman
- Tenure: 0.2yrs
- Compensation: US$206.04k
Sharon Driscoll (57yo)
Interim Co-CEO & CFO
- Tenure: 2.5yrs
- Compensation: US$1.67m
Amy Shenkan (54yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$194.53k
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$4.300b
- Shares outstanding: 107.85m
- Website: https://www.rbauction.com
Number of Employees
Location
- Ritchie Bros. Auctioneers Incorporated
- 9500 Glenlyon Parkway
- Burnaby
- British Columbia
- V5J 0C6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RBA | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Mar 1998 |
| RBA | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Mar 1998 |
| 2R8 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Mar 1998 |
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 | 2019/10/19 23:38 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.