RHI Magnesita (RHIM) Share Price, News & Analysis

Company Overview

RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cement, non-ferrous metals and glass. With a vertically integrated value chain, from raw materials to refractory products and full performance-based solutions, RHI Magnesita serves customers around the world, with over 20,000 employees in 65 main production sites (including raw material sites), 12 recycling facilities and more than 70 sales offices. RHI Magnesita intends to leverage its leadership in terms of revenue, scale, product portfolio and diversified geographic presence to target strategically those countries and regions benefiting from more dynamic economic growth prospects. RHI Magnesita offers investors EBITDA and free cash flow comparable to FTSE 100 peers, the highest free cash flow yield in the UK industrials sector, a compelling M&A growth story and high operational gearing to market recovery. The Group seeks to allocate capital to maximise value generation for shareholders. After maintenance capex and dividend, M&A, organic investments and buybacks compete for capital. The global refractory industry remains fragmented and the M&A pipeline presents an opportunity to continue a value-accretive consolidation strategy. RHI Magnesita’s resilient margins and profitability support the use of debt financing to fund acquisitions, anchored by a leverage target of 1.0 - 2.0x EBITDA through the cycle and up to c.2.5x for compelling M&A opportunities. The Group is listed within the Equity Shares (Commercial Companies) category (“ESCC”) of the Official List of the London Stock Exchange (symbol: RHIM) and is a constituent of the FTSE 250 index, with a secondary listing on the Vienna Stock Exchange (Wiener Börse). For more information please visit: www.rhimagnesita.com

Key Stats

• Today's Range: 2,730 to 2,840
• 50-Day Range: 2,298.28 to 3,345.34
• 52-Week Range: 1,932 to 3,350
• Volume: 11,208 shs
• Average Volume: 104,596 shs
• Market Capitalization: £1.33 billion
• P/E Ratio: 15.93
• Dividend Yield: 6.00%
• Price Target: GBX 3,453.75
• Consensus Rating: Moderate Buy

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Industrials
• Industry: Metal Fabrication
• Sub-Industry: N/A
• Current Symbol: LON:RHIM
• CIK: N/A
• Web: www.rhimagnesita.com
• Phone: 43 50 213 0
• Fax: N/A
• Employees: 15,659
• Year Founded: N/A

Price Target and Rating

• Average Price Target for RHI Magnesita: GBX 3,453.75
• High Price Target: GBX 4,200
• Low Price Target: GBX 2,765
• Potential Upside/Downside: +22.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 177
• Trailing P/E Ratio: 15.93
• Forward P/E Ratio: 5.73
• P/E Growth: 2.03
• Net Income: £217.75 million
• Net Margins: 2.55%
• Pretax Margin: N/A
• Return on Equity: 8.52%
• Return on Assets: 4.04%

Debt

• Debt-to-Equity Ratio: 180.59
• Current Ratio: 1.46
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: £3.37 billion
• Price / Sales: 0.40
• Cash Flow: GBX 1,219.25 per share
• Price / Cash Flow: 2.31
• Book Value: GBX 2,897.01 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 47,337,000
• Free Float: N/A
• Market Cap: £1.33 billion
• Optionable: Not Optionable
• Beta: 1.48