Rbc Bearings Intrinsic Value Calculator – RBC BEARINGS Reports Strong Earnings Results for Q1 FY2024
August 26, 2023
☀️Earnings Overview
On June 30th, 2023, RBC BEARINGS ($NYSE:RBC) revealed their financial performance for Q1 of FY2024. Total revenue for the quarter was USD 387.1 million, a slight 0.4 million increase from the prior year. Net income for the period was USD 0.05 million, which remained the same as the same quarter in the preceding year.
Price History
On Friday, RBC BEARINGS reported its earnings results for the first quarter of fiscal year 2024. The company’s stock opened at $216.5 and closed at $220.8, up 3.0% from the previous closing price of 214.4. This marks a strong start to the quarter as the stock was up by close of trading on Friday.
Strong customer demand, solid financial performance, and excellent cost management strategies enabled RBC BEARINGS to deliver another strong quarter of earnings results. The company remains confident that it can continue its positive momentum in the upcoming quarter and drive further growth in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rbc Bearings. More…
| Total Revenues | Net Income | Net Margin |
| 1.5k | 156.4 | 12.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rbc Bearings. More…
| Operations | Investing | Financing |
| 223.3 | -35.7 | -250 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rbc Bearings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.7k | 2.11k | 89.06 |
Key Ratios Snapshot
Some of the financial key ratios for Rbc Bearings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.9% | 29.3% | 20.0% |
| FCF Margin | ROE | ROA |
| 12.1% | 7.3% | 4.0% |
Analysis – Rbc Bearings Intrinsic Value Calculator
At GoodWhale, we have conducted a thorough examination of RBC BEARINGS‘ financials. On the basis of our proprietary Valuation Line, we have found that the fair value of RBC BEARINGS’ share is around $311.1. This indicates that the stock is currently undervalued, trading at $220.8 – a gap of 29.0%. In other words, this presents an opportunity for investors to purchase RBC BEARINGS shares at a discount. More…
Peers
They are well-known for their quality bearing solutions, technical services, and value-added services. RBC Bearings Inc is a key competitor in the bearing industry, going up against other companies such as Broadwind Inc, The Timken Co, and Donaldson Co Inc. Each company offers a unique set of products and services that are tailored to their customers’ specific needs.
– Broadwind Inc ($NASDAQ:BWEN)
Wind Inc, formerly known as Broadwind Energy, is an American engineering and manufacturing company that specializes in components and services for the energy, mining, oil and gas markets. Its market cap is 87.05M as of 2023, which is relatively small compared to other market cap competitors. This indicates that the company’s stock is not highly valued on the stock market. The Return on Equity (ROE) for Wind Inc stands at -4.19%, which suggests that there is a lack of profitability due to the company’s operations. This could be due to the fact that the company is still relatively new in the energy, mining, oil and gas markets, thus growth opportunities are still limited.
– The Timken Co ($NYSE:TKR)
The Timken Company is a leader in engineered bearings and powertrain components. With a market cap of 5.4 billion as of 2023, the company provides products to global industrial, aerospace, automotive, oil & gas, and defense industries. The Timken Company’s Return on Equity (ROE) of 17.38% suggests its ability to create wealth for investors. It has developed a strong market presence by investing heavily in research and development and providing superior customer service. The company’s products are well-regarded in the industry for their quality and performance.
– Donaldson Co Inc ($NYSE:DCI)
Donaldson Co Inc is a global leader in the filtration industry, providing filtration solutions for a wide range of air, liquid, and gas filtration applications. As of 2023, it has a market capitalization of 7.75 billion dollars, which is a testament to its success in the highly competitive filtration industry. Additionally, the company’s Return on Equity (ROE) of 25.9% is indicative of its ability to generate profits from its investments. The company has a strong commitment to research and development, ensuring that its filtration products remain innovative and cutting-edge.
Summary
Investors in RBC Bearings were pleased with the company’s first quarter fiscal 2024 earnings report, as total revenue increased by 0.4 million year-over-year to USD 387.1 million. Net income was flat from the same period in the previous year, but the stock price rose on the news. This suggests that investors are encouraged by the company’s financial performance and outlook, given the challenging economic environment. Going forward, investors will be looking for continued growth in revenue and profits to provide further confidence in the long-term prospects of RBC Bearings.
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