RBA Stock Overview
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services.
Ritchie Bros. Auctioneers Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$61.62|
|52 Week High||US$76.18|
|52 Week Low||US$48.65|
|1 Month Change||-10.98%|
|3 Month Change||-6.34%|
|1 Year Change||-4.09%|
|3 Year Change||55.80%|
|5 Year Change||118.74%|
|Change since IPO||1,650.24%|
Recent News & Updates
We Think Ritchie Bros. Auctioneers (NYSE:RBA) Can Stay On Top Of Its Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Investors Will Want Ritchie Bros. Auctioneers' (NYSE:RBA) Growth In ROCE To Persist
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Ritchie Bros Auctioneers goes ex-dividend tomorrow
Ritchie Bros Auctioneers (NYSE:RBA) had declared $0.27/share quarterly dividend, 8% increase from prior dividend of $0.25. Payable Sept. 14; for shareholders of record Aug. 24; ex-div Aug. 23. See RBA Dividend Scorecard, Yield Chart, & Dividend Growth.
Is It Time To Consider Buying Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)?
Ritchie Bros. Auctioneers Incorporated ( NYSE:RBA ), is not the largest company out there, but it led the NYSE gainers...
|RBA||US Commercial Services||US Market|
Return vs Industry: RBA exceeded the US Commercial Services industry which returned -4.2% over the past year.
Return vs Market: RBA exceeded the US Market which returned -18.2% over the past year.
|RBA Average Weekly Movement||5.4%|
|Commercial Services Industry Average Movement||7.1%|
|Market Average Movement||7.0%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.9%|
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.
About the Company
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved 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
|RBA fundamental statistics|
Is RBA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RBA income statement (TTM)|
|Cost of Revenue||US$665.65m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||2.66|
|Net Profit Margin||18.78%|
How did RBA perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Is RBA undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for RBA?
Other financial metrics that can be useful for relative valuation.
|What is RBA's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does RBA's PE Ratio compare to its peers?
|RBA PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
RBA Ritchie Bros. Auctioneers
Price-To-Earnings vs Peers: RBA is good value based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (25.4x).
Price to Earnings Ratio vs Industry
How does RBA's PE Ratio compare vs other companies in the US Commercial Services Industry?
Price-To-Earnings vs Industry: RBA is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the US Commercial Services industry average (18.3x)
Price to Earnings Ratio vs Fair Ratio
What is RBA'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.
|Current PE Ratio||23.2x|
|Fair PE Ratio||20.1x|
Price-To-Earnings vs Fair Ratio: RBA is expensive based on its Price-To-Earnings Ratio (23.9x) compared to the estimated Fair Price-To-Earnings Ratio (20.2x).
Share Price vs Fair Value
What is the Fair Price of RBA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: RBA ($63.47) is trading below our estimate of fair value ($89.81)
Significantly Below Fair Value: RBA 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 less than 20% higher than the current share price.
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How is Ritchie Bros. Auctioneers forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RBA's forecast earnings growth (2.2% per year) is above the savings rate (1.9%).
Earnings vs Market: RBA's earnings (2.2% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: RBA's earnings are forecast to grow, but not significantly.
Revenue vs Market: RBA's revenue (3.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: RBA's revenue (3.9% 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 low in 3 years time (19.8%).
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How has Ritchie Bros. Auctioneers performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RBA has a large one-off gain of $134.1M impacting its June 30 2022 financial results.
Growing Profit Margin: RBA's current net profit margins (18.8%) are higher than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: RBA's earnings have grown significantly by 24.4% per year over the past 5 years.
Accelerating Growth: RBA's earnings growth over the past year (60.7%) exceeds its 5-year average (24.4% per year).
Earnings vs Industry: RBA earnings growth over the past year (60.7%) exceeded the Commercial Services industry 26.9%.
Return on Equity
High ROE: RBA's Return on Equity (23.7%) is considered high.
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How is Ritchie Bros. Auctioneers's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: RBA's short term assets ($996.8M) exceed its short term liabilities ($792.8M).
Long Term Liabilities: RBA's short term assets ($996.8M) exceed its long term liabilities ($857.1M).
Debt to Equity History and Analysis
Debt Level: RBA's net debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: RBA's debt to equity ratio has reduced from 114.8% to 52.5% over the past 5 years.
Debt Coverage: RBA's debt is well covered by operating cash flow (46.6%).
Interest Coverage: RBA's interest payments on its debt are well covered by EBIT (5.1x coverage).
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What is Ritchie Bros. Auctioneers's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Ritchie Bros. Auctioneers Dividend Yield vs Market|
|Company (Ritchie Bros. Auctioneers)||1.8%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.5%|
|Industry Average (Commercial Services)||1.4%|
|Analyst forecast in 3 Years (Ritchie Bros. Auctioneers)||1.9%|
Notable Dividend: RBA's dividend (1.7%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: RBA's dividend (1.7%) is low compared to the top 25% of dividend payers in the US market (4.53%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (38.3%), RBA's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (45.6%), RBA's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ann Fandozzi (51 yo)
Ms. Ann M. Fandozzi has been Independent Director of Trimble Inc. since August 16, 2021. She has been the Chief Executive Officer and Director at Ritchie Brothers. Auctioneers Incorporated since January 6,...
CEO Compensation Analysis
|Ann Fandozzi's Compensation vs Ritchie Bros. Auctioneers Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$10m||US$900k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$7m||US$890k|
Compensation vs Market: Ann's total compensation ($USD10.38M) is about average for companies of similar size in the US market ($USD8.48M).
Compensation vs Earnings: Ann's compensation has increased by more than 20% in the past year.
Experienced Management: RBA's management team is considered experienced (2.5 years average tenure).
Experienced Board: RBA's board of directors are considered experienced (4.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|13 May 22||SellUS$129,633||James Jeter||Individual||2,100||US$61.73|
|12 May 22||SellUS$23,284||Darren Watt||Individual||400||US$58.21|
|28 Feb 22||BuyUS$499,484||Ann Fandozzi||Individual||9,560||US$52.25|
|28 Feb 22||BuyUS$499,484||Ann Fandozzi||Individual||9,560||US$52.25|
|21 Dec 21||SellUS$121,980||James Jeter||Individual||2,000||US$60.99|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Ritchie Bros. Auctioneers Incorporated's employee growth, exchange listings and data sources
- Name: Ritchie Bros. Auctioneers Incorporated
- Ticker: RBA
- Exchange: NYSE
- Founded: 1958
- Industry: Diversified Support Services
- Sector: Commercial Services
- Implied Market Cap: US$6.828b
- Shares outstanding: 110.81m
- Website: https://www.ritchiebros.com
Number of Employees
- Ritchie Bros. Auctioneers Incorporated
- 9500 Glenlyon Parkway
- British Columbia
- V5J 0C6
|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|
|RBA N||BMV (Bolsa Mexicana de Valores)||Yes||Common Shares||MX||MXN||Mar 1998|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/06 00:00|
|End of Day Share Price||2022/10/06 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.