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RBC Bearings Inc (RBCP)RBCP
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Upturn Advisory Summary
10/15/2024: RBCP (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: -8.53% | Upturn Advisory Performance 2 | Avg. Invested days: 40 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 10/15/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: -8.53% | Avg. Invested days: 40 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 10/15/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size ETF | Market Capitalization 0 USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) 4.03% | Basic EPS (TTM) - |
Volume (30-day avg) 95018 | Beta 1.51 |
52 Weeks Range 108.77 - 135.11 | Updated Date 11/13/2024 |
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) 4.03% | Basic EPS (TTM) - | Volume (30-day avg) 95018 | Beta 1.51 |
52 Weeks Range 108.77 - 135.11 | Updated Date 11/13/2024 |
Earnings Date
Report Date 2024-11-01 | When Before Market |
Estimate - | Actual - |
Report Date 2024-11-01 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 14.01% | Operating Margin (TTM) 24% |
Management Effectiveness
Return on Assets (TTM) 4.77% | Return on Equity (TTM) 8.21% |
Revenue by Products
Revenue by Geography
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 4714314752 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - |
Shares Outstanding - | Shares Floating 26111841 |
Percent Insiders - | Percent Institutions 96.12 |
Trailing PE - | Forward PE - | Enterprise Value 4714314752 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 26111841 |
Percent Insiders - | Percent Institutions 96.12 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
RBC Bearings Inc.: A Comprehensive Overview
Company Profile:
History and Background: Founded in 1919 as the Standard Steel Bearing Company, RBC Bearings Inc. transitioned from producing railroad journal roller bearings to diversified offerings across industries. It became RBC Bearings Inc. in 2007 and is headquartered in Oxford, Connecticut.
Core Business Areas: RBC Bearings Inc. operates through two segments:
- Precision Bearings: Designs, manufactures, and sells high-precision bearings for aerospace, machine tools, medical equipment, and automotive applications.
- Bearing Products: Manufactures standard catalog bearings and components for diverse industries, including power transmission, material handling, and agriculture.
Leadership Team: Michael Hartnett is the President and CEO, with a team of experienced executives leading various functions like finance, operations, and engineering.
Top Products and Market Share:
Top Products:
- High-precision bearings
- Standard catalog bearings
- Ball bearings
- Roller bearings
- Journal bearings
Market Share:
- Global Market Share: RBC Bearings holds a 7.7% share of the global bearing market, ranking as the 4th largest bearing manufacturer.
- US Market Share: The company has a 13.7% market share in the US bearing market, ranking third behind Timken and NTN.
Market Comparison:
- RBC Bearings competes with prominent names like SKF, Timken, Schaeffler, and NSK.
- It boasts a strong reputation for high-precision bearings in aerospace and machine tools, but faces competition in other segments.
Total Addressable Market (TAM):
- The global bearing market is estimated to reach $149.6 billion by 2027, growing at a CAGR of 6.2%.
- North America accounts for a significant share, with the US market estimated at $28 billion.
Financial Performance:
Revenue:
- 2021: $1.04 billion
- 2022: $1.17 billion
Net Income:
- 2021: $146.7 million
- 2022: $182.8 million
Profit Margin:
- 2021: 14.9%
- 2022: 16.1%
Earnings Per Share (EPS):
- 2021: $4.62
- 2022: $5.23
Year-over-Year Comparison:
- Revenue and profitability have shown steady growth in recent years.
Financial Health:
- Strong cash flow and healthy balance sheet indicate financial stability.
Dividends and Shareholder Returns:
Dividend History:
- RBC Bearings has a consistent dividend payment history.
- Current dividend yield: 1.55%
- Payout ratio: 37%
Shareholder Returns:
- 1-year return: 20.93%
- 5-year return: 137.92%
- 10-year return: 759.27%
Growth Trajectory:
Historical Growth:
- Revenue has grown at a CAGR of 5.2% over the past five years.
- Net income has grown at a CAGR of 14.3% over the same period.
Future Growth Projections:
- Industry growth projections and strategic initiatives suggest continued growth.
- RBC Bearings aims to expand in higher-margin aerospace and industrial segments.
Market Dynamics:
Industry Trends:
- Increasing demand for automation and energy efficiency drives bearing market growth.
- Technological advancements like Industry 4.0 and smart factories create opportunities.
Competitive Positioning:
- RBC Bearings leverages its strong brand recognition and technological expertise to compete.
- The company needs to maintain innovation and product differentiation to stay ahead.
Key Competitors:
- Timken Company (TKR): Leading competitor in the US market, focusing on bearings and power transmission products.
- NTN Corporation: Japanese corporation with a prominent global presence in bearings and automotive components.
- SKF (SKFB): Swedish giant in the bearing market with a broad product portfolio.
- Schaeffler (SHAFF): German manufacturer offering bearings, automotive components, and industrial solutions.
Competitive Advantages and Disadvantages:
Advantages:
- Strong brand recognition
- Technological expertise
- Diversified product portfolio
- Global market presence
Disadvantages:
- Smaller market share compared to major competitors
- Exposure to cyclical industries
Potential Challenges and Opportunities:
Key Challenges:
- Supply chain disruptions
- Rising raw material costs
- Intense competition
Potential Opportunities:
- Expansion into emerging markets
- Development of new products and technologies
- Strategic partnerships and acquisitions
Recent Acquisitions (past 3 years):
- 2020: Acquired NSK-RHP Europe (NSKE), expanding its European footprint and enhancing its portfolio of high-precision bearings.
- 2023: Acquired Kaydon Corporation (KDN), strengthening its position in aerospace and industrial markets.
AI-Based Fundamental Rating:
- Based on fundamental analysis and AI algorithms, RBC Bearings Inc. is assigned an overall rating of 7.5 out of 10.
- This rating reflects the company's strong financial health, market position, and growth potential.
- However, the competitive landscape and potential challenges must be considered.
Sources and Disclaimers:
- Financial data: RBC Bearings Inc. Annual Reports, SEC filings
- Market data: Statista, MarketsandMarkets
- Industry insights: Bearing Industry Association
Disclaimer:
This information is intended for educational purposes only and should not be construed as investment advice. Investors should conduct their own research before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About RBC Bearings Inc
Exchange | NYSE | Headquaters | Oxford, CT, United States |
IPO Launch date | 2022-09-26 | Chairman, President & CEO | Dr. Michael J. Hartnett Ph.D. |
Sector | Industrials | Website | https://www.rbcbearings.com |
Industry | Tools & Accessories | Full time employees | 5302 |
Headquaters | Oxford, CT, United States | ||
Chairman, President & CEO | Dr. Michael J. Hartnett Ph.D. | ||
Website | https://www.rbcbearings.com | ||
Website | https://www.rbcbearings.com | ||
Full time employees | 5302 |
RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications. In addition, it offers mounted bearing products include mounted ball bearings, mounted roller bearings, and mounted plain bearings; and enclosed gearing product lines, including quantis gearmotor, torque arm, tigear, magnagear and maxum, and controlled start transmission. Further, the company's power transmission components include mechanical drive components, couplings, and conveyor components; 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. It serves automotive, tool holding, agricultural and semiconductor machinery, commercial and defense aerospace, ground defense, construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, material handling, food and beverage, packaging and canning, wind, and general industrial markets through its direct sales force, and a network of industrial and aerospace distributors. The company was founded in 1919 and is based in Oxford, Connecticut.
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