RS Stock Overview
Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally.
Reliance Steel & Aluminum Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$190.06|
|52 Week High||US$211.66|
|52 Week Low||US$135.46|
|1 Month Change||10.14%|
|3 Month Change||1.36%|
|1 Year Change||20.64%|
|3 Year Change||91.48%|
|5 Year Change||170.97%|
|Change since IPO||5,163.20%|
Recent News & Updates
Reliance Steel & Aluminum Q2 2022 Earnings Preview
Reliance Steel & Aluminum (NYSE:RS) is scheduled to announce Q2 earnings results on Thursday, July 28th, before market open. The consensus EPS Estimate is $9.01 (+78.1% Y/Y) and the consensus Revenue Estimate is $4.6B (+34.5% Y/Y). Over the last 2 years, RS has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 4 upward revisions and 0 downward. Revenue estimates have seen 2 upward revisions and 0 downward.
Under The Bonnet, Reliance Steel & Aluminum's (NYSE:RS) Returns Look Impressive
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Reliance Steel & Aluminum (NYSE:RS) Could Easily Take On More Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|RS||US Metals and Mining||US Market|
Return vs Industry: RS exceeded the US Metals and Mining industry which returned -11.7% over the past year.
Return vs Market: RS exceeded the US Market which returned -13% over the past year.
|RS Average Weekly Movement||5.5%|
|Metals and Mining Industry Average Movement||9.6%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: RS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RS's weekly volatility (5%) has been stable over the past year.
About the Company
Reliance Steel & Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries. It also distributes non-ferrous metals products and tubular building products; and manufactures specialty extruded metals, fabricated parts, and welded components.
Reliance Steel & Aluminum Fundamentals Summary
|RS fundamental statistics|
Is RS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RS income statement (TTM)|
|Cost of Revenue||US$11.64b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 27, 2022
|Earnings per share (EPS)||31.73|
|Net Profit Margin||11.25%|
How did RS perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Does RS pay a reliable dividends?See RS dividend history and benchmarks
|Reliance Steel & Aluminum dividend dates|
|Ex Dividend Date||Aug 18 2022|
|Dividend Pay Date||Sep 02 2022|
|Days until Ex dividend||8 days|
|Days until Dividend pay date||23 days|
Does RS pay a reliable dividends?See RS dividend history and benchmarks
Is RS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
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 RS?
Other financial metrics that can be useful for relative valuation.
|What is RS's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does RS's PE Ratio compare to its peers?
|RS PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
STLD Steel Dynamics
CMC Commercial Metals
X United States Steel
RS Reliance Steel & Aluminum
Price-To-Earnings vs Peers: RS is expensive based on its Price-To-Earnings Ratio (6x) compared to the peer average (2.7x).
Price to Earnings Ratio vs Industry
How does RS's PE Ratio compare vs other companies in the US Metals and Mining Industry?
Price-To-Earnings vs Industry: RS is good value based on its Price-To-Earnings Ratio (6x) compared to the US Metals and Mining industry average (8.6x)
Price to Earnings Ratio vs Fair Ratio
What is RS'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||6x|
|Fair PE Ratio||10.4x|
Price-To-Earnings vs Fair Ratio: RS is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (10.4x).
Share Price vs Fair Value
What is the Fair Price of RS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: RS ($190.06) is trading below our estimate of fair value ($349)
Significantly Below Fair Value: RS 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 Reliance Steel & Aluminum forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score0/6
Future Growth Score 0/6
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: RS's earnings are forecast to decline over the next 3 years (-16% per year).
Earnings vs Market: RS's earnings are forecast to decline over the next 3 years (-16% per year).
High Growth Earnings: RS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RS's revenue is expected to decline over the next 3 years (-6.5% per year).
High Growth Revenue: RS's revenue is forecast to decline over the next 3 years (-6.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RS's Return on Equity is forecast to be low in 3 years time (14.6%).
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How has Reliance Steel & Aluminum performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RS has high quality earnings.
Growing Profit Margin: RS's current net profit margins (11.3%) are higher than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: RS's earnings have grown significantly by 22.7% per year over the past 5 years.
Accelerating Growth: RS's earnings growth over the past year (132.4%) exceeds its 5-year average (22.7% per year).
Earnings vs Industry: RS earnings growth over the past year (132.4%) exceeded the Metals and Mining industry 65.5%.
Return on Equity
High ROE: RS's Return on Equity (27.9%) is considered high.
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How is Reliance Steel & Aluminum's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: RS's short term assets ($5.0B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: RS's short term assets ($5.0B) exceed its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: RS's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: RS's debt to equity ratio has reduced from 47.4% to 24% over the past 5 years.
Debt Coverage: RS's debt is well covered by operating cash flow (73.4%).
Interest Coverage: RS's interest payments on its debt are well covered by EBIT (42.2x coverage).
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What is Reliance Steel & Aluminum current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RS's dividend (1.84%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: RS's dividend (1.84%) is low compared to the top 25% of dividend payers in the US market (4.08%).
Stability and Growth of Payments
Stable Dividend: RS's dividends per share have been stable in the past 10 years.
Growing Dividend: RS's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (10.2%), RS's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.4%), RS's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Hoffman (63 yo)
Mr. James D. Hoffman, also known as Jim, has been the Chief Executive Officer of Reliance Steel & Aluminum Co. since January 1, 2019 and has been its Director since October 22, 2019. He served as President...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD14.25M) is about average for companies of similar size in the US market ($USD12.91M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Experienced Management: RS's management team is considered experienced (3.1 years average tenure).
Experienced Board: RS's board of directors are considered experienced (4.3 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Reliance Steel & Aluminum Co.'s employee growth, exchange listings and data sources
- Name: Reliance Steel & Aluminum Co.
- Ticker: RS
- Exchange: NYSE
- Founded: 1939
- Industry: Steel
- Sector: Materials
- Implied Market Cap: US$11.460b
- Shares outstanding: 60.29m
- Website: https://www.rsac.com
Number of Employees
- Reliance Steel & Aluminum Co.
- 350 South Grand Avenue
- Suite 5100
- Los Angeles
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/09 00:00|
|End of Day Share Price||2022/08/09 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.