REGAL REXNORD CORP Stock Research

Market Summary

USD130.53+3.46

Market Closed

2.72%

RRX Alerts

Big fall in earnings (Y/Y)
Losses in recent quarter

RRX Stock Price

RRX RSI Chart

RRX Valuation

Market Cap

8.4B

Price/Earnings (Trailing)

23.57

Price/Sales (Trailing)

1.64

EV/EBITDA

10.33

Price/Free Cashflow

18.35

RRX Price/Sales (Trailing)

RRX Profitability

EBT Margin

11.76%

Return on Equity

7.65%

Return on Assets

4.76%

Free Cashflow Yield

5.45%

RRX Fundamentals

RRX Revenue

Revenue (TTM)

5.1B

Revenue Y/Y

-5.73%

Revenue Q/Q

-1.66%

RRX Earnings

Earnings (TTM)

357.4M

Earnings Y/Y

-104.7%

Earnings Q/Q

-105.81%

Price Action

52 Week Range

108.28162.89

(Low)(High)

Last 7 days

0.0%

Last 30 days

-1.6%

Last 90 days

-17.6%

Trailing 12 Months

6.7%

RRX Financial Health

Current Ratio

2.99

RRX Investor Care

Dividend Yield

1.1%

Dividend/Share (TTM)

1.4

Buy Backs (1Y)

1.04%

Diluted EPS (TTM)

5.36

Financials for REGAL REXNORD

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-1.4%	5,144	5,218	5,190	4,757	4,295
Gross Profit	-1.4%	1,646	1,670	1,597	1,458	1,282
Operating Expenses	7.9%	1,056	978	1,006	917	818
EBITDA	2.7%	823	801	666	563	-
EBITDA Margin	2.2%	0.16*	0.15*	0.14*	0.13*	-
Earnings Before Taxes	-25.5%	457	614	512	459	382
EBT Margin	19.2%	0.12*	0.10*	0.09*	0.09*	-
Interest Expenses	99.1%	174	87.00	58.00	59.00	57.00
Net Income	-26.9%	357	489	383	343	285
Net Income Margin	27.1%	0.09*	0.07*	0.07*	0.06*	-
Free Cahsflow	32.5%	352	266	263	245	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	61.1%	16,547	10,269	10,249	10,459	10,471
Current Assets	36.9%	4,109	3,001	3,046	3,098	2,972
Cash Equivalents	66.1%	1,143	689	724	703	625
Inventory	29.6%	1,733	1,337	1,362	1,388	1,337
Goodwill	62.4%	6,527	4,019	3,969	4,026	4,051
Current Liabilities	40.3%	1,406	1,002	1,053	1,121	1,057
LT Debt, Current	119.5%	74.00	34.00	31.00	31.00	3.00
LT Debt, Non Current	262.4%	7,211	1,990	2,165	2,133	2,057
Shareholder's Equity	1.1%	6,456	6,388	6,140	6,316	6,424
Retained Earnings	-1.4%	2,101	2,130	2,052	1,997	1,928
Additional Paid-In Capital	0.2%	4,619	4,610	4,604	4,612	4,631
Shares Outstanding	0.2%	66.00	66.00	66.00	67.00	67.00
Minority Interest	2.0%	35.00	34.00	32.00	39.00	40.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	25.7%	548	436	338	326	302
Share Based Compensation	68.4%	38.00	23.00	30.00	28.00	28.00
Cashflow From Investing	-4252.9%	-4,931	-113	-222	-211	-211
Cashflow From Financing	1896.4%	4,926	-274	342	-5.30	-37.20
Dividend Payments	1.0%	92.00	91.00	366	356	346
Buy Backs	-47.7%	125	239	265	210	140

Risks for RRX

What is the probability of a big loss on RRX?

67.7%

Probability that REGAL REXNORD stock will be more than 20% underwater in next one year

34.2%

Probability that REGAL REXNORD stock will be more than 30% underwater in next one year.

Probability that REGAL REXNORD 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 RRX drawdown profile look like?

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

Drawdowns

Returns for RRX

Cumulative Returns on RRX

9.3%

10-Year Cumulative Returns

15.1%

7-Year Cumulative Returns

12.9%

5-Year Cumulative Returns

23.2%

3-Year Cumulative Returns

What are the long-term rolling returns for RRX?

FIve years rolling returns for REGAL REXNORD.

Annualized Returns

Which funds bought or sold RRX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID	added	0.41	4,057,780	26,887,400	1.90%
2023-05-22	AMERIPRISE FINANCIAL INC	added	30.59	15,392,400	44,339,400	0.01%
2023-05-22	FDx Advisors, Inc.	unchanged	-	-	254,000	0.01%
2023-05-22	Raleigh Capital Management Inc.	unchanged	-	585	3,949	-%
2023-05-22	PUTNAM INVESTMENTS LLC	added	41.96	2,699,410	6,757,860	0.01%
2023-05-19	Coppell Advisory Solutions LLC	sold off	-100	-2,160	-	-%
2023-05-18	JPMORGAN CHASE & CO	added	17.52	5,357,570	19,516,600	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-6.57	2,078,000	23,734,000	0.03%
2023-05-17	Advisory Services Network, LLC	reduced	-84.44	-4,414	985	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	added	13.64	-26,526	899,850	0.01%

Latest Funds Activity

Are funds buying RRX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RRX

No. of Funds

REGAL REXNORD News

Schedule 13G FIlings of REGAL REXNORD

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	alliancebernstein l.p.	3.5%	2,300,163	SC 13G/A
Feb 13, 2023	capital world investors	9.1%	6,029,745	SC 13G/A
Feb 09, 2023	vanguard group inc	10.17%	6,726,509	SC 13G/A
Feb 08, 2023	massachusetts financial services co /ma/	6.1%	4,004,380	SC 13G
Jan 25, 2023	blackrock inc.	9.0%	5,959,587	SC 13G/A
Jan 10, 2023	fmr llc	-	0	SC 13G/A
Nov 10, 2022	vanguard group inc	10.28%	6,701,927	SC 13G/A
Feb 14, 2022	alliancebernstein l.p.	5.4%	3,662,517	SC 13G/A
Feb 11, 2022	capital world investors	6.3%	4,272,839	SC 13G
Feb 10, 2022	vanguard group inc	9.74%	6,599,379	SC 13G/A

RRX Fair Value

REGAL REXNORD fair value in different scenarios

The table shows the Fair Value estimates for REGAL REXNORD 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	55.63 -57.38%	67.58 -48.23%	105.70 -19.02%	144.80 10.93%	257.00 96.89%
Current Inflation	52.35 -59.89%	63.25 -51.54%	94.87 -27.32%	127.64 -2.21%	222.63 70.56%
Very High Inflation	48.14 -63.12%	57.74 -55.76%	81.91 -37.25%	107.58 -17.58%	183.07 40.25%

Historical REGAL REXNORD Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of REGAL REXNORD

View All Filings

Date Filed	Form Type	Document
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 12, 2023	4	Insider Trading
May 10, 2023	S-8	Employee Benefits Plan

Latest Insider Trading transactions for RRX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-10	CRANDALL THEODORE D	acquired	-	-	1,245	-
2023-05-10	SACHDEV RAKESH	acquired	-	-	1,245	-
2023-05-10	STOELTING CURTIS W	acquired	-	-	1,245	-
2023-05-10	Burt Stephen M	acquired	-	-	1,245	-
2023-05-10	Hilton Michael F	acquired	-	-	1,245	-
2023-05-10	DOSS MICHAEL P	acquired	-	-	1,245	-
2023-05-10	CHAIBI ANESA	acquired	-	-	1,245	-
2023-05-10	Bertsch Jan	acquired	-	-	1,245	-
2023-05-10	Walker-Lee Robin A	acquired	-	-	1,245	-
2023-05-01	Avampato John	acquired	251,823	62.01	4,061	senior vp & cio *

About REGAL REXNORD

RRX Income Statement

2023-03-31

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net Sales	$ 1,224.1	$ 1,298.5
Cost of Sales	826.0	876.6
Gross Profit	398.1	421.9
Operating Expenses	329.2	252.0
Income from Operations	68.9	169.9
Interest Expense	95.4	9.0
Interest Income	(31.9)	(1.1)
Other Income, Net	(1.4)	(1.3)
Income before Taxes	6.8	163.3
Provision for Income Taxes	12.3	36.2
Net (Loss) Income	(5.5)	127.1
Less: Net Income Attributable to Noncontrolling Interests	0.4	1.5
Net (Loss) Income Attributable to Regal Rexnord Corporation	$ (5.9)	$ 125.6
(Loss) Earnings Per Share Attributable to Regal Rexnord Corporation:
Basic (in dollars per share)	$ (0.09)	$ 1.86
Assuming dilution (in dollars per share)	$ (0.09)	$ 1.85
Weighted Average Number of Shares Outstanding:
Basic (in shares)	66.2	67.4
Assuming dilution (in shares)	66.6	67.9

RRX Balance Sheet

2023-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and Cash Equivalents	$ 1,143.3	$ 688.5
Trade Receivables, Less Allowances of $29.7 million and $30.9 million in 2023 and 2022, Respectively	1,028.3	797.4
Inventories	1,732.5	1,336.9
Prepaid Expenses and Other Current Assets	200.4	150.9
Deferred Financing Fees	0.0	17.0
Assets Held for Sale	4.6	9.8
Total Current Assets	4,109.1	3,000.5
Net Property, Plant and Equipment	1,214.7	807.0
Operating Lease Assets	159.3	110.9
Goodwill	6,526.7	4,018.8
Intangible Assets, Net of Amortization	4,414.6	2,229.9
Deferred Income Tax Benefits	47.3	43.9
Other Noncurrent Assets	75.7	57.9
Total Assets	16,547.4	10,268.9
Current Liabilities:
Accounts Payable	666.7	497.7
Dividends Payable	23.2	23.2
Accrued Compensation and Employee Benefits	219.0	141.1
Other Accrued Expenses	383.5	280.0
Current Operating Lease Liabilities	39.2	26.4
Current Maturities of Long-Term Debt	74.2	33.8
Total Current Liabilities	1,405.8	1,002.2
Long-Term Debt	7,210.6	1,989.7
Deferred Income Taxes	1,150.8	591.9
Pension and Other Post Retirement Benefits	116.4	97.6
Noncurrent Operating Lease Liabilities	123.2	88.1
Other Noncurrent Liabilities	84.9	76.8
Contingencies (see Note 12 - Contingencies)
Regal Rexnord Corporation Shareholders' Equity:
Common Stock, $0.01 par value, 100.0 million Shares Authorized, 66.3 million and 66.2 million Shares Issued and Outstanding for 2023 and 2022, Respectively	0.7	0.7
Additional Paid-In Capital	4,619.2	4,609.6
Retained Earnings	2,100.9	2,130.0
Accumulated Other Comprehensive Loss	(300.2)	(352.1)
Total Regal Rexnord Corporation Shareholders' Equity	6,420.6	6,388.2
Noncontrolling Interests	35.1	34.4
Total Equity	6,455.7	6,422.6
Total Liabilities and Equity	$ 16,547.4	$ 10,268.9