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RBA

Ritchie Bros. AuctioneersNYSE:RBA Stock Report

Last Price

US$60.89

Market Cap

US$6.7b

7D

-1.6%

1Y

-3.4%

Updated

21 Jan, 2022

Data

Company Financials +
RBA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends5/6

RBA Stock Overview

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.

Ritchie Bros. Auctioneers Competitors

KAR Auction Services

NYSE:KAR

US$1.8b

eBay

NasdaqGS:EBAY

US$37.3b

Fastenal

NasdaqGS:FAST

US$32.5b

Ashtead Group

LSE:AHT

UK£22.8b

Price History & Performance

Summary of all time highs, changes and price drops for Ritchie Bros. Auctioneers
Historical stock prices
Current Share PriceUS$60.89
52 Week HighUS$76.18
52 Week LowUS$50.61
Beta1.13
1 Month Change0.30%
3 Month Change-9.85%
1 Year Change-3.41%
3 Year Change68.07%
5 Year Change86.78%
Change since IPO1,629.50%

Recent News & Updates

Jan 17
At US$61.86, Is It Time To Put Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) On Your Watch List?

At US$61.86, Is It Time To Put Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) On Your Watch List?

Ritchie Bros. Auctioneers Incorporated ( NYSE:RBA ), might not be a large cap stock, but it received a lot of attention...

Dec 24
Is Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Trading At A 25% Discount?

Is Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Trading At A 25% Discount?

How far off is Ritchie Bros. Auctioneers Incorporated ( NYSE:RBA ) from its intrinsic value? Using the most recent...

Dec 12
Is Ritchie Bros. Auctioneers (NYSE:RBA) A Risky Investment?

Is Ritchie Bros. Auctioneers (NYSE:RBA) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

RBAUS Commercial ServicesUS Market
7D-1.6%-4.7%-6.1%
1Y-3.4%10.1%4.2%

Return vs Industry: RBA underperformed the US Commercial Services industry which returned 11.2% over the past year.

Return vs Market: RBA underperformed the US Market which returned 6.6% over the past year.

Price Volatility

Is RBA's price volatile compared to industry and market?
RBA volatility
RBA Average Weekly Movement4.2%
Commercial Services Industry Average Movement6.0%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: RBA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: RBA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19582,600Ann Fandozzihttps://www.ritchiebros.com

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. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery. The company also offers live auction events with online bidding.

Ritchie Bros. Auctioneers Fundamentals Summary

How do Ritchie Bros. Auctioneers's earnings and revenue compare to its market cap?
RBA fundamental statistics
Market CapUS$6.73b
Earnings (TTM)US$170.13m
Revenue (TTM)US$1.44b

39.6x

P/E Ratio

4.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RBA income statement (TTM)
RevenueUS$1.44b
Cost of RevenueUS$629.46m
Gross ProfitUS$811.55m
ExpensesUS$641.42m
EarningsUS$170.13m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 17, 2022

Earnings per share (EPS)1.54
Gross Margin56.32%
Net Profit Margin11.81%
Debt/Equity Ratio61.4%

How did RBA perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

61%

Payout Ratio

Does RBA pay a reliable dividends?

See RBA dividend history and benchmarks
When do you need to buy RBA by to receive an upcoming dividend?
Ritchie Bros. Auctioneers dividend dates
Ex Dividend DateFeb 10 2022
Dividend Pay DateMar 04 2022
Days until Ex dividend18 days
Days until Dividend pay date40 days

Does RBA pay a reliable dividends?

See RBA dividend history and benchmarks

Valuation

Is Ritchie Bros. Auctioneers undervalued compared to its fair value and its price relative to the market?

25.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RBA ($60.89) is trading below our estimate of fair value ($82)

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


Price To Earnings Ratio

PE vs Industry: RBA is poor value based on its PE Ratio (39.6x) compared to the US Commercial Services industry average (25.6x).

PE vs Market: RBA is poor value based on its PE Ratio (39.6x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

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 (6.3x) compared to the US Commercial Services industry average (2.1x).


Future Growth

How is Ritchie Bros. Auctioneers forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

17.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RBA's forecast earnings growth (17% per year) is above the savings rate (2%).

Earnings vs Market: RBA's earnings (17% per year) are forecast to grow faster than the US market (13.1% per year).

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

Revenue vs Market: RBA's revenue (14.5% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: RBA's revenue (14.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if RBA's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Ritchie Bros. Auctioneers performed over the past 5 years?

18.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBA has high quality earnings.

Growing Profit Margin: RBA's current net profit margins (11.8%) are lower than last year (13%).


Past Earnings Growth Analysis

Earnings Trend: RBA's earnings have grown by 18.9% per year over the past 5 years.

Accelerating Growth: RBA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RBA had negative earnings growth (-1.6%) over the past year, making it difficult to compare to the Commercial Services industry average (35.3%).


Return on Equity

High ROE: RBA's Return on Equity (16%) is considered low.


Financial Health

How is Ritchie Bros. Auctioneers's financial position?


Financial Position Analysis

Short Term Liabilities: RBA's short term assets ($825.4M) exceed its short term liabilities ($682.2M).

Long Term Liabilities: RBA's short term assets ($825.4M) do not cover its long term liabilities ($831.8M).


Debt to Equity History and Analysis

Debt Level: RBA's net debt to equity ratio (27.3%) is considered satisfactory.

Reducing Debt: RBA's debt to equity ratio has increased from 21% to 61.4% over the past 5 years.

Debt Coverage: RBA's debt is well covered by operating cash flow (45.5%).

Interest Coverage: RBA's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Dividend

What is Ritchie Bros. Auctioneers's current dividend yield, its reliability and sustainability?

1.64%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 22 2022Ex Dividend DateFeb 10 2022Dividend Pay DateMar 04 202222 days from Ex DividendBuy in the next 18 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: RBA's dividend (1.64%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: RBA's dividend (1.64%) is low compared to the top 25% of dividend payers in the US market (3.55%).


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 (60.8%), 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 (41% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Ann Fandozzi (50 yo)

2yrs

Tenure

US$7,193,425

Compensation

Ms. Ann M. Fandozzi has been Independent Director of Trimble Inc. since August 16, 2021. She serves as Chief Executive Officer & Director at Ritchie Bros. Auctioneers Incorporated since January 6, 2020.Sh...


CEO Compensation Analysis

Compensation vs Market: Ann's total compensation ($USD7.19M) is about average for companies of similar size in the US market ($USD6.45M).

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


Leadership Team

Experienced Management: RBA's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: RBA's board of directors are considered experienced (5.5 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 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
  • Implied Market Cap: US$6.735b
  • Shares outstanding: 110.60m
  • Website: https://www.ritchiebros.com

Number of Employees


Location

  • Ritchie Bros. Auctioneers Incorporated
  • 9500 Glenlyon Parkway
  • Burnaby
  • British Columbia
  • V5J 0C6
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:38
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
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.