RBC Bearings Inc Stock Research

ROLL Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

ROLL Stock Price

ROLL RSI Chart

ROLL Valuation

Market Cap

7.0B

Price/Earnings (Trailing)

47.16

Price/Sales (Trailing)

4.9

EV/EBITDA

18.52

Price/Free Cashflow

35.83

ROLL Price/Sales (Trailing)

ROLL Profitability

EBT Margin

13.42%

Return on Equity

6.01%

Return on Assets

3.17%

Free Cashflow Yield

2.79%

ROLL Fundamentals

ROLL Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

31.72%

Revenue Q/Q

-4.75%

ROLL Earnings

Earnings (TTM)

149.0M

Earnings Y/Y

6.5K%

Earnings Q/Q

-17.21%

Price Action

Last 7 days

-11.6%

Last 30 days

-15.0%

Last 90 days

13.3%

Trailing 12 Months

-1.4%

ROLL Financial Health

Current Ratio

3.19

ROLL Investor Care

Shares Dilution (1Y)

0.65%

Diluted EPS (TTM)

4.38

Peers (Alternatives to RBC Bearings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ITW	71.0B	15.9B	-0.02%	12.01%	23.39	4.45	10.22%	12.62%
IR	22.6B	5.9B	-3.24%	11.72%	37.36	3.82	14.83%	7.50%
XYL	17.6B	5.5B	-2.92%	15.78%	49.53	3.18	6.29%	-16.86%
IEX	16.7B	3.2B	-1.38%	14.70%	28.49	5.25	15.09%	30.60%
GGG	11.7B	2.1B	0.34%	1.87%	25.45	5.47	7.84%	4.72%
MID-CAP
DCI	7.7B	3.4B	1.24%	21.26%	21.67	2.26	10.23%	12.47%
ITT	6.8B	3.0B	-8.80%	5.73%	18.5	2.27	8.05%	16.03%
FLS	4.2B	3.6B	-8.93%	-7.91%	22.03	1.15	2.09%	49.85%
SMALL-CAP
ERII	1.2B	125.6M	-1.04%	10.44%	50.11	9.6	20.87%	68.54%
GRC	621.1M	521.0M	-12.85%	-32.13%	55.48	1.19	37.72%	-62.50%
TWIN	133.1M	254.5M	-10.10%	-46.42%	14.44	0.52	9.95%	139.59%
MNTX	107.6M	273.9M	-5.13%	-30.01%	-21.95	0.39	29.46%	-7.17%
NNBR	49.1M	491.1M	-47.53%	-65.41%	-3.61	0.1	1.00%	-108.69%

Financials for RBC Bearings

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q2	2022Q1
Revenue	5.0%	1,434	1,366	1,200	943	943
Gross Profit	8.0%	571	528	458	357	357
Operating Expenses	-0.6%	310	311	278	236	-
S&GA Expenses	7.2%	225	210	192	168	-
EBITDA	16.7%	375	321	242	195	-
EBITDA Margin	11.2%	0.26*	0.24*	0.20*	0.21*	-
Earnings Before Taxes	23.2%	192	156	114	79.00	79.00
EBT Margin	17.4%	0.13*	0.11*	0.08*	0.08*	-
Interest Expenses	15.2%	69.00	60.00	57.00	42.00	-
Net Income	31.5%	149	113	68.00	55.00	-
Net Income Margin	25.3%	0.10*	0.08*	0.06*	0.06*	-
Free Cahsflow	11.9%	196	175	152	151	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q2	2022Q1
Assets	-0.7%	4,693	4,727	4,758	4,845	4,845
Current Assets	-1.1%	902	912	916	962	-
Cash Equivalents	-7.3%	82.00	88.00	120	183	-
Inventory	3.6%	578	558	542	516	-
Net PPE	-0.7%	376	378	384	387	-
Goodwill	-0.2%	1,869	1,873	1,877	1,902	-
Liabilities	-3.3%	2,212	2,287	2,360	2,473	-
Current Liabilities	-7.7%	283	306	330	313	-
LT Debt, Current	2.1%	2.00	2.00	2.00	2.00	-
LT Debt, Non Current	-3.8%	1,463	1,521	1,564	1,687	-
Shareholder's Equity	1.7%	2,481	2,440	2,398	2,373	-
Retained Earnings	3.2%	986	956	918	886	-
Additional Paid-In Capital	0.2%	1,586	1,582	1,570	1,564	-
Shares Outstanding	0.2%	29.00	29.00	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	11.9%	196	175	186	180	175
Share Based Compensation	-9.8%	15.00	17.00	30.00	33.00	31.00
Cashflow From Investing	99.7%	-9.59	-2,930	-2,799	-2,847	-2,857
Cashflow From Financing	-124.0%	-358	1,498	2,558	2,698	2,811
Buy Backs	-9.1%	7.00	8.00	8.00	9.00	8.00

Risks for ROLL

What is the probability of a big loss on ROLL?

59.2%

Probability that RBC Bearings stock will be more than 20% underwater in next one year

30%

Probability that RBC Bearings stock will be more than 30% underwater in next one year.

19.2%

Probability that RBC Bearings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ROLL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if RBC Bearings was unfortunately bought at previous high price.

Drawdowns

Returns for ROLL

Cumulative Returns on ROLL

16.2%

10-Year Cumulative Returns

19.8%

7-Year Cumulative Returns

10.8%

5-Year Cumulative Returns

8.1%

3-Year Cumulative Returns

What are the long-term rolling returns for ROLL?

FIve years rolling returns for RBC Bearings.

Annualized Returns

Which funds bought or sold ROLL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-24	PALISADE CAPITAL MANAGEMENT, LP	unchanged	-	-44,090	2,980,910	0.08%
2023-03-23	MetLife Investment Management, LLC	unchanged	-	23,197	3,153,440	0.03%
2023-03-17	American Portfolios Advisors	reduced	-5.00	1,746	27,639	-%
2023-03-15	B. Riley Wealth Advisors, Inc.	sold off	-100	-277,000	-	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-1.73	-57,093	5,720,910	0.01%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-76.8	-31,000	9,000	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	16,775	2,278,780	-%
2023-02-24	SRS Capital Advisors, Inc.	reduced	-9.52	-1,045	7,955	-%
2023-02-21	MACQUARIE GROUP LTD	reduced	-4.95	-1,619,000	34,979,000	0.04%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	70.83	17,917	42,917	-%

Latest Funds Activity

Are funds buying ROLL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ROLL

No. of Funds

RBC Bearings News

Schedule 13G FIlings of RBC Bearings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	10.3%	2,980,496	SC 13G/A
Feb 14, 2023	kayne anderson rudnick investment management llc	7.12%	2,064,930	SC 13G/A
Feb 13, 2023	durable capital partners lp	6.5%	1,890,744	SC 13G/A
Feb 10, 2023	neuberger berman group llc	4.52%	1,312,503	SC 13G/A
Feb 09, 2023	vanguard group inc	9.30%	2,697,782	SC 13G/A
Feb 03, 2023	blackrock inc.	9.1%	2,660,488	SC 13G/A
Nov 10, 2022	price t rowe associates inc /md/	10.3%	2,967,382	SC 13G/A
Mar 11, 2022	blackrock inc.	7.9%	2,282,938	SC 13G/A
Feb 24, 2022	durable capital partners lp	5.5%	1,595,991	SC 13G
Feb 14, 2022	kayne anderson rudnick investment management llc	8.48%	2,449,228	SC 13G/A

ROLL Fair Value

RBC Bearings fair value in different scenarios

The table shows the Fair Value estimates for RBC Bearings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	93.41 -	111.10 -	180.14 -	223.46 -	332.14 -
Current Inflation	87.79 -	103.12 -	162.27 -	198.58 -	290.37 -
Very High Inflation	80.78 -	93.33 -	141.10 -	169.55 -	242.27 -

Historical RBC Bearings Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of RBC Bearings

View All Filings

Date Filed	Form Type	Document
Feb 28, 2023	4	Insider Trading
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 13, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	SC 13G/A	Major Ownership Report
Feb 10, 2023	4	Insider Trading
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	8-K	Current Report
Feb 09, 2023	10-Q	Quarterly Report
Feb 03, 2023	SC 13G/A	Major Ownership Report

Latest Insider Trading transactions for ROLL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-11-28	HARTNETT MICHAEL J	acquired	174,910	72.94	2,398	president and ceo
2022-11-28	HARTNETT MICHAEL J	sold	-362,500	241	-1,500	president and ceo
2022-11-17	Ambrose Michael H.	sold	-235,000	235	-1,000	-
2022-11-17	Ambrose Michael H.	acquired	152,938	152	1,000	-
2022-09-20	CROWELL RICHARD R	sold	-373,230	233	-1,600	-
2022-09-20	CROWELL RICHARD R	acquired	160,184	100	1,600	-
2022-09-12	Kaplan Steven H.	sold	-128,305	256	-500	-
2022-08-19	Edwards Richard J	sold	-3,291,180	253	-13,000	v.p. and general manager
2022-08-19	Kaplan Steven H.	gifted	-	-	-200	-
2022-08-19	Edwards Richard J	acquired	1,701,880	130	13,000	v.p. and general manager

About RBC Bearings

Michael J. Hartnett

www.rbcbearings.com

2990

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates through four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment. The Roller Bearings segment offers heavy duty needle roller bearings, tapered roller bearings, track rollers, and aircraft roller bearings, which are anti-friction bearings that use rollers instead of balls. The Ball Bearings segment manufactures high precision aerospace, airframe control, thin section, and commercial ball bearings that utilize high precision ball elements to reduce friction in high speed applications. The Engineered Products segment offers engineered hydraulics and valves for aircraft and submarine applications, and aerospace and defense aftermarket services; fasteners; precision mechanical components, which are used in various general industrial applications; and machine tool collets that are used for holding circulars or rod-like pieces. The company serves the construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, semiconductor machinery, wind, canning, and general industrial markets through its direct sales force, as well as a network of industrial and aerospace distributors. RBC Bearings Incorporated was founded in 1919 and is headquartered in Oxford, Connecticut.

ROLL Income Statement

2022-10-01

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 01, 2022	Oct. 02, 2021	Oct. 01, 2022	Oct. 02, 2021
Income Statement [Abstract]
Net sales	$ 369,167	$ 160,900	$ 723,247	$ 317,105
Cost of sales	218,020	98,436	430,948	190,868
Gross margin	151,147	62,464	292,299	126,237
Operating expenses:
Selling, general and administrative	57,519	40,223	113,347	71,435
Other, net	21,611	5,667	42,465	8,915
Total operating expenses	79,130	45,890	155,812	80,350
Operating income	72,017	16,574	136,487	45,887
Interest expense, net	18,332	15,770	34,131	16,089
Other non-operating (income)/expense	184	(291)	951	(756)
Income before income taxes	53,501	1,095	101,405	30,554
Provision for income taxes	9,699	2,447	20,165	7,868
Net income/(loss)	43,802	(1,352)	81,240	22,686
Preferred stock dividends	5,750	510	11,500	510
Net income/(loss) available to common stockholders	$ 38,052	$ (1,862)	$ 69,740	$ 22,176
Net income/(loss) per share available to common stockholders:
Basic (in Dollars per share)	$ 1.32	$ (0.07)	$ 2.43	$ 0.88
Diluted (in Dollars per share)	$ 1.31	$ (0.07)	$ 2.4	$ 0.87
Weighted average common shares:
Basic (in Shares)	28,758,403	25,500,393	28,714,445	25,260,728
Diluted (in Shares)	29,093,791	25,500,393	29,020,403	25,632,845

ROLL Balance Sheet

2022-10-01

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 01, 2022	Apr. 02, 2022
Current assets:
Cash and cash equivalents	$ 88,495	$ 182,862
Accounts receivable, net of allowance for doubtful accounts of $2,986 as of October 1, 2022 and $2,737 as of April 2, 2022	236,527	247,487
Inventory	557,801	516,140
Prepaid expenses and other current assets	28,708	15,748
Total current assets	911,531	962,237
Property, plant and equipment, net	378,291	386,732
Operating lease assets, net	43,263	44,535
Goodwill	1,872,689	1,902,104
Intangible assets, net	1,485,016	1,511,515
Other noncurrent assets	36,270	38,294
Total assets	4,727,060	4,845,417
Current liabilities:
Accounts payable	148,870	158,606
Accrued expenses and other current liabilities	147,584	145,252
Current operating lease liabilities	8,283	8,059
Current portion of long-term debt	1,512	1,543
Total current liabilities	306,249	313,460
Long-term debt, less current portion	1,520,602	1,686,798
Long-term operating lease liabilities	35,109	36,680
Deferred income taxes	308,956	315,463
Other noncurrent liabilities	116,007	120,408
Total liabilities	2,286,923	2,472,809
Stockholders’ equity:
Preferred stock, $.01 par value; authorized shares: 10,000,000 as of October 1, 2022 and April 2, 2022, respectively; issued shares: 4,600,000 as of October 1, 2022 and April 2, 2022, respectively	46	46
Common stock, $.01 par value; authorized shares: 60,000,000 as of October 1, 2022 and April 2, 2022, respectively; issued shares: 29,975,914 and 29,807,208 as of October 1, 2022 and April 2, 2022, respectively	300	298
Additional paid-in capital	1,582,455	1,564,261
Accumulated other comprehensive loss	(20,208)	(5,800)
Retained earnings	955,895	886,155
Treasury stock, at cost, 958,854 shares and 928,322 shares as of October 1, 2022 and April 2, 2022, respectively	(78,351)	(72,352)
Total stockholders’ equity	2,440,137	2,372,608
Total liabilities and stockholders’ equity	$ 4,727,060	$ 4,845,417