Reliance Steel Net Worth
Reliance Steel Net Worth Breakdown | RS |
Reliance Steel Net Worth Analysis
Reliance Steel's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Reliance Steel's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Reliance Steel's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Reliance Steel's net worth analysis. One common approach is to calculate Reliance Steel's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Reliance Steel's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Reliance Steel's net worth. This approach calculates the present value of Reliance Steel's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Reliance Steel's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Reliance Steel's net worth. This involves comparing Reliance Steel's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Reliance Steel's net worth relative to its peers.
Enterprise Value |
|
To determine if Reliance Steel is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Reliance Steel's net worth research are outlined below:
| Over 83.0% of the company shares are owned by institutional investors | |
| Latest headline from zerohedge.com: Mapping Europes Reliance On Foreign Doctors |
Reliance Steel Quarterly Good Will |
|
Reliance Steel uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Reliance Steel Aluminum. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Reliance Steel's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Know Reliance Steel's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Reliance Steel is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Reliance Steel Aluminum backward and forwards among themselves. Reliance Steel's institutional investor refers to the entity that pools money to purchase Reliance Steel's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Royal London Asset Management Ltd | 2024-06-30 | 879.3 K | Norges Bank | 2024-06-30 | 717.8 K | Boston Partners Global Investors, Inc | 2024-09-30 | 665.8 K | Bank Of New York Mellon Corp | 2024-06-30 | 531.1 K | T. Rowe Price Investment Management,inc. | 2024-09-30 | 512.5 K | Principal Financial Group Inc | 2024-09-30 | 472.7 K | Northern Trust Corp | 2024-09-30 | 450.3 K | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 429.1 K | Fmr Inc | 2024-09-30 | 405.9 K | Vanguard Group Inc | 2024-09-30 | 6.5 M | Blackrock Inc | 2024-06-30 | 6.4 M |
Follow Reliance Steel's market capitalization trends
The company currently falls under 'Large-Cap' category with a market capitalization of 17.28 B.Market Cap |
|
Project Reliance Steel's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.18 | 0.19 | |
| Return On Capital Employed | 0.18 | 0.11 | |
| Return On Assets | 0.13 | 0.13 | |
| Return On Equity | 0.17 | 0.10 |
When accessing Reliance Steel's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Reliance Steel's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Reliance Steel's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Reliance Steel's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Reliance Steel Aluminum. Check Reliance Steel's Beneish M Score to see the likelihood of Reliance Steel's management manipulating its earnings.
Evaluate Reliance Steel's management efficiency
Reliance Steel Aluminum has Return on Asset (ROA) of 0.0811 % which means that for every $100 of assets, it generated a profit of $0.0811. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1385 %, which means that it produced $0.1385 on every 100 dollars invested by current stockholders. Reliance Steel's management efficiency ratios could be used to measure how well Reliance Steel manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Reliance Steel's Return On Tangible Assets are comparatively stable compared to the past year. Return On Assets is likely to gain to 0.13 in 2024, whereas Return On Capital Employed is likely to drop 0.11 in 2024. At this time, Reliance Steel's Return On Assets are comparatively stable compared to the past year. Asset Turnover is likely to gain to 1.73 in 2024, whereas Other Assets are likely to drop 0.95 in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 132.57 | 139.20 | |
| Tangible Book Value Per Share | 79.56 | 83.54 | |
| Enterprise Value Over EBITDA | 8.37 | 5.96 | |
| Price Book Value Ratio | 2.11 | 1.13 | |
| Enterprise Value Multiple | 8.37 | 5.96 | |
| Price Fair Value | 2.11 | 1.13 | |
| Enterprise Value | 6.5 B | 6.8 B |
Leadership at Reliance Steel emphasizes sustainable growth and financial prudence. Our analysis evaluates how these priorities impact the stock's performance in the market.
Enterprise Value Revenue 1.3173 | Revenue 14 B | Quarterly Revenue Growth (0.06) | Revenue Per Share 248.312 | Return On Equity 0.1385 |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Reliance Steel insiders, such as employees or executives, is commonly permitted as long as it does not rely on Reliance Steel's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Reliance Steel insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
James Hoffman over a month ago Disposition of 1784 shares by James Hoffman of Reliance Steel at 293.46 subject to Rule 16b-3 | ||
Arthur Ajemyan over two months ago Disposition of tradable shares by Arthur Ajemyan of Reliance Steel subject to Rule 16b-3 | ||
Arthur Ajemyan over six months ago Acquisition by Arthur Ajemyan of 11 shares of Reliance Steel subject to Rule 16b-3 | ||
Leslie Waite over a year ago Sale by Leslie Waite of 900 shares of Reliance Steel |
Reliance Steel Corporate Filings
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
F4 | 7th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 31st of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 24th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Reliance Steel Earnings per Share Projection vs Actual
Reliance Steel Corporate Directors
| Andrew Sharkey | Independent Director | Profile | |
| Robert McEvoy | Independent Director | Profile | |
| John Figueroa | Independent Director | Profile | |
| Douglas Stotlar | Independent Director | Profile |
Additional Tools for Reliance Stock Analysis
When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.