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RS

213.20USD+1.43(+0.68%)Market Closed

Reliance Steel & Aluminum Co

Market Summary

USD213.20+1.43Market Closed
0.68%

RS Stock Price

RSI Chart

Valuation

Market Cap

12.0B

Price/Earnings

6.27

Price/Sales

0.71

Price/Cashflow

9.94

MarketCap/EBT

4.74

Price/Sales

Profitability

EBT Margin

14.94%

Return on Equity

27.98%

Return on Assets

18.43%

Fundamentals

Revenue

Revenue (TTM)

17.0B

Revenue Y/Y

36.93%

Revenue Q/Q

4.36%

Earnings

Earnings (TTM)

1.9B

Earnings Y/Y

73.8%

Earnings Q/Q

9.4%

Price Action

52 Week Range

145.79216.76
(Low)(High)

Last 7 days

0.7%

Last 30 days

7.6%

Last 90 days

16.4%

Trailing 12 Months

41.5%

Financial Health

Current Ratio

3.02

Debt/Equity

0.32

Debt/Cashflow

0.41

Investor Care

Dividend Yield

1.57%

Dividend/Share (TTM)

3.13

Buy Backs (1Y)

5.02%

Diluted EPS (TTM)

30.25

Peers (Alternatives to Reliance Steel & Aluminum)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
46.0B
23.2B
29.70% 10.31%
7.64
1.9
9.49% 68.52%
36.4B
10.1B
30.36% 12.48%
12.43
3.44
-3.92% 4.47%
35.3B
43.2B
19.79% 45.14%
3.9
0.82
37.52% 72.87%
34.0B
12.1B
23.12% -6.32%
42.95
2.75
-0.88% -50.79%
16.7B
22.7B
18.61% 86.27%
3.77
0.73
44.88% 204.22%
12.0B
17.0B
7.64% 41.53%
6.27
0.71
62.29% 131.81%
MID-CAP
7.1B
13.1B
33.41% 13.26%
-59.21
0.54
17.17% -114.69%
6.3B
651.7M
23.51% 16.03%
23.06
9.73
5.83% -9.05%
4.9B
22.3B
39.82% 21.90%
1.42
0.22
29.82% 8.40%
2.1B
9.3B
25.42% -16.50%
15.88
0.24
36.03% 112.53%
SMALL-CAP
1.8B
1.7B
23.30% -2.87%
23.44
1.05
18.35% 26.38%
1.2B
6.6B
-3.80% 29.90%
2.38
0.19
31.53% 204.61%
781.0M
3.5B
31.36% -26.00%
4.63
0.22
-25.38% 2.23%
300.9M
2.7B
30.42% 65.53%
2.08
0.11
31.96% 14.14%
285.6M
76.3M
-12.63% -14.37%
6.77
3.75
129.79% -16.40%

Financials for Reliance Steel & Aluminum

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue8.0%17,00315,74114,09312,23910,477
  S&GA Expenses3.6%2,4852,4002,3072,1521,995
Earnings Before Taxes14.3%2,5402,2211,8831,5021,096
Net Income14.6%1,9181,6741,4171,126827
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets2.9%10,40310,1149,5369,2528,930
  Current Assets5.9%5,0244,7444,1604,2843,945
    Cash Equivalents-7.9%505548301638728
  Inventory17.0%2,3522,0102,0651,8781,645
  Net PPE2.0%1,8881,8521,8371,8031,797
  Goodwill-0.2%2,1092,1132,1081,9351,936
  Current Liabilities39.0%1,6661,1981,0651,007905
    LT Debt, Non Current-30.7%1,1381,6431,6421,6411,641
Shareholder's Equity4.9%6,8546,5316,0875,8615,632
  Retained Earnings5.2%6,9436,6006,1555,9445,701
Accumulated Depreciation1.8%2,0171,9811,9501,9281,897
Shares Outstanding-1.7%6162626364
Minority Interest18.9%97777
Float-9,530----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations16.2%1,2101,042799636790
  Share Based Compensation-7.7%6368716762
Cashflow From Investing-2.2%-703.10-687.90-652.30-208.90-190.60
Cashflow From Financing-28.1%-723.00-564.50-528.90-389.90-111.80
  Dividend Payments7.1%202189175170
  Buy Backs49.9%51134132425682

Risks

What is the probability of a big loss on RS?

32.3%


Probability that Reliance Steel & Aluminum stock will be more than 20% underwater in next one year

18.5%


Probability that Reliance Steel & Aluminum stock will be more than 30% underwater in next one year.

0%


Probability that Reliance Steel & Aluminum 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 RS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Reliance Steel & Aluminum was unfortunately bought at previous high price.

Returns

Cumulative Returns on RS

16.9%


10-Year Cumulative Returns

22.9%


7-Year Cumulative Returns

24.7%


5-Year Cumulative Returns

24.2%


3-Year Cumulative Returns

What are the long-term rolling returns for RS?

FIve years rolling returns for Reliance Steel & Aluminum.

Which funds bought or sold RS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
212,000
212,000
0.22%
2022-11-23
Toroso Investments, LLC
NEW
-
259,000
259,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,698,000
1,698,000
0.02%
2022-11-21
FourThought Financial, LLC
-
-
1,000
315,000
0.05%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
12,000
13,579,000
0.02%
2022-11-18
Industrial Alliance Investment Management Inc.
UNCHANGED
-
25,000
970,000
0.03%
2022-11-17
M&T Bank Corp
-
-
322,000
630,000
-%
2022-11-16
Retirement Systems of Alabama
REDUCED
-1.8
210,000
25,435,000
0.12%
2022-11-16
GLENMEDE TRUST CO NA
REDUCED
-2.75
-5,000
3,083,000
0.02%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
31.18
107,000
415,000
-%

1–10 of 46

Latest Funds Activity

Are funds buying RS calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own RS

Reliance Steel & Aluminum News

Nasdaq

Air Products' (APD) Rotoflow Opens Center in China, Shares Rise.5 hours ago

RS Fair Value

Reliance Steel & Aluminum fair value in different scenarios

The table shows the Fair Value estimates for Reliance Steel & Aluminum 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

394.32

84.95%

627.11

194.14%

954.11

347.52%

1232.87

478.27%

1500.15

603.64%

Current Inflation

361.27

69.45%

559.61

162.48%

833.96

291.16%

1068.71

401.27%

1290.15

505.14%

Very High Inflation

320.52

50.34%

479.35

124.84%

694.57

225.78%

879.84

312.68%

1050.74

392.84%

Historical Reliance Steel & Aluminum Fair Value Estimates


Recent SEC filings of Reliance Steel & Aluminum

View All Filings
Date Filed Form Type Document
Nov 03, 2022
10-Q
Quarterly Report
Oct 27, 2022
8-K
Current Report
Oct 11, 2022
8-K
Current Report
Oct 07, 2022
4
Insider Trading

Latest Insider Trading transactions for RS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-16
Ajemyan Arthur
SOLD
-198,390
198.39
-1,000
SVP, CFO
2022-08-16
Ajemyan Arthur
GIFTED
-
-
-26
SVP, CFO
2022-08-10
Smith William A II
SOLD
-570,181
193.02
-2,954
SVP, General Counsel, Corp Sec
2022-07-06
HOFFMAN JAMES DONALD
SOLD
-1,677,800
167.78
-10,000
CEO
2022-05-18
DELLAQUILA FRANK J
ACQUIRED
-
-
767
-
2022-05-18
Colonias Karen Winifred
ACQUIRED
-
-
767
-
2022-05-18
Stotlar Douglas
ACQUIRED
-
-
767
-
2022-05-18
McEvoy Robert Ambrose
ACQUIRED
-
-
767
-
2022-05-18
Seeger David W
ACQUIRED
-
-
767
-
2022-05-18
KAMINSKI MARK V
ACQUIRED
-
-
767
-

1–10 of 50

James D. Hoffman
13700
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. As of December 31, 2021, the company operated a network of approximately 315 locations in 40 states in the United States and 13 in other countries. It sells its products directly to original equipment manufacturers, which primarily include small machine shops and fabricators. The company was founded in 1939 and is headquartered in Los Angeles, California.

RS Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONSOLIDATED STATEMENTS OF INCOME    
Net sales$ 4,247.2$ 3,847.4$ 13,414.2$ 10,104.6
Costs and expenses:    
Cost of sales (exclusive of depreciation and amortization shown below)3,008.22,636.39,292.76,857.6
Warehouse, delivery, selling, general and administrative (SG&A)630.1606.81,890.61,688.6
Depreciation and amortization60.456.7178.8172.1
Total costs and expenses3,698.73,299.811,362.18,718.3
Operating income548.5547.62,052.11,386.3
Other (income) expense:    
Interest expense15.615.646.847.0
Other expense (income), net8.9(0.6)21.53.6
Income before income taxes524.0532.61,983.81,335.7
Income tax provision129.6135.9490.9340.6
Net income394.4396.71,492.9995.1
Less: Net income attributable to noncontrolling interests0.91.03.33.4
Net income attributable to Reliance$ 393.5$ 395.7$ 1,489.6$ 991.7
Earnings per share attributable to Reliance stockholders:    
Basic (in dollars per share)$ 6.55$ 6.25$ 24.35$ 15.61
Diluted (in dollars per share)$ 6.45$ 6.15$ 23.98$ 15.35
Shares used in computing earnings per share:    
Basic (in shares)60,05563,27561,17563,526
Diluted (in shares)60,98464,35062,11464,617

RS Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 643.7$ 300.5
Accounts receivable, less allowance for credit losses of $29.4 at September 30, 2022 and $26.7 at December 31, 20211,856.91,683.0
Inventories2,175.82,065.0
Prepaid expenses and other current assets87.3111.6
Income taxes receivable47.5 
Total current assets4,811.24,160.1
Property, plant and equipment:  
Land260.8260.1
Buildings1,338.11,285.0
Machinery and equipment2,385.02,241.4
Accumulated depreciation(2,054.1)(1,949.7)
Property, plant and equipment, net1,929.81,836.8
Operating lease right-of-use assets217.6224.6
Goodwill2,103.92,107.6
Intangible assets, net1,030.41,077.7
Cash surrender value of life insurance policies, net26.944.9
Other assets82.484.3
Total assets10,202.29,536.0
Current liabilities:  
Accounts payable481.6453.9
Accrued expenses160.4148.2
Accrued compensation and retirement costs234.9294.0
Accrued insurance costs39.541.0
Current maturities of long-term debt and short-term borrowings509.55.0
Current maturities of operating lease liabilities53.358.6
Income taxes payable 64.3
Total current liabilities1,479.21,065.0
Long-term debt1,138.81,642.0
Operating lease liabilities165.2162.5
Deferred compensation and retirement costs74.181.0
Other long-term liabilities8.97.0
Deferred income taxes480.5484.8
Commitments and contingencies
Equity:  
Preferred stock, $0.001 par value: 5,000 shares authorized; none issued or outstanding
Common stock and additional paid-in capital, $0.001 par value and 200,000 shares authorized, Issued and outstanding shares-59,022 at September 30, 2022 and 61,806 at December 31, 20210.10.1
Retained earnings6,960.56,155.3
Accumulated other comprehensive loss(113.9)(68.9)
Total Reliance stockholders' equity6,846.76,086.5
Noncontrolling interests8.87.2
Total equity6,855.56,093.7
Total liabilities and equity$ 10,202.2$ 9,536.0