Reliance Steel Net Worth

Reliance Steel Net Worth Breakdown

  RS
The net worth of Reliance Steel Aluminum is the difference between its total assets and liabilities. Reliance Steel's net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Reliance Steel's assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Reliance Steel's net worth can be used as a measure of its financial health and stability which can help investors to decide if Reliance Steel is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Reliance Steel Aluminum stock.

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

6.78 Billion

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:
Reliance Steel has a poor financial position based on the latest SEC disclosures
Over 85.0% of the company shares are owned by institutional investors
On 6th of December 2024 Reliance Steel paid $ 1.1 per share dividend to its current shareholders
Latest headline from thelincolnianonline.com: Oak Thistle LLC Boosts Holdings in Reliance, Inc.

Reliance Steel Quarterly Good Will

2.17 Billion

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

Reliance Steel Target Price Consensus

Reliance target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Reliance Steel's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   8  Buy
Most Reliance analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Reliance stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Reliance Steel Aluminum, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Reliance Steel Target Price Projection

Reliance Steel's current and average target prices are 289.50 and 323.10, respectively. The current price of Reliance Steel is the price at which Reliance Steel Aluminum is currently trading. On the other hand, Reliance Steel's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Reliance Steel Market Quote on 1st of February 2025

Low Price288.51Odds
High Price296.66Odds

289.5

Target Price

Analyst Consensus On Reliance Steel Target Price

Low Estimate294.02Odds
High Estimate358.64Odds

323.0988

Historical Lowest Forecast  294.02 Target Price  323.1 Highest Forecast  358.64
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Reliance Steel Aluminum and the information provided on this page.

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
Norges Bank2024-06-30
717.8 K
Boston Partners Global Investors, Inc2024-09-30
665.8 K
T. Rowe Price Investment Management,inc.2024-09-30
512.5 K
Morgan Stanley - Brokerage Accounts2024-09-30
500.2 K
Bank Of New York Mellon Corp2024-09-30
477.6 K
Principal Financial Group Inc2024-09-30
472.7 K
Northern Trust Corp2024-09-30
450.3 K
Ubs Asset Mgmt Americas Inc2024-09-30
429.1 K
Fmr Inc2024-09-30
405.9 K
Vanguard Group Inc2024-09-30
6.5 M
Blackrock Inc2024-09-30
5.9 M
Note, although Reliance Steel's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Follow Reliance Steel's market capitalization trends

The company currently falls under 'Large-Cap' category with a market capitalization of 16.05 B.

Market Cap

4.82 Billion

Project Reliance Steel's profitablity

Last ReportedProjected for Next Year
Return On Tangible Assets 0.16  0.17 
Return On Capital Employed 0.16  0.11 
Return On Assets 0.11  0.06 
Return On Equity 0.16  0.10 
The company has Net Profit Margin (PM) of 0.07 %, which suggests that even a small decline in it sales will erase profits and may result in a net loss, or a negative profit margin. This is way below average. Likewise, it shows Net Operating Margin (NOM) of 0.08 %, which signifies that for every $100 of sales, it has a net operating income of $0.08.
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. Return On Tangible Assets is likely to gain to 0.17 in 2025, whereas Return On Capital Employed is likely to drop 0.11 in 2025. At this time, Reliance Steel's Fixed Asset Turnover is comparatively stable compared to the past year. Asset Turnover is likely to gain to 1.73 in 2025, whereas Other Assets are likely to drop 1.09 in 2025.
Last ReportedProjected for Next Year
Book Value Per Share 119.32  125.28 
Tangible Book Value Per Share 71.60  75.18 
Enterprise Value Over EBITDA 7.38  5.95 
Price Book Value Ratio 1.90  1.13 
Enterprise Value Multiple 7.38  5.95 
Price Fair Value 1.90  1.13 
Enterprise Value6.5 B6.8 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
1.2144
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.

Reliance Steel Corporate Filings

8K
17th of December 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
3rd of December 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
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
10Q
31st of October 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify
Reliance Steel time-series forecasting models is one of many Reliance Steel's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Reliance Steel's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Reliance Steel Earnings Estimation Breakdown

The calculation of Reliance Steel's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Reliance Steel is estimated to be 4.094175 with the future projection ranging from a low of 4.0725 to a high of 4.1175. Please be aware that this consensus of annual earnings estimates for Reliance Steel Aluminum is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
3.64
4.07
Lowest
Expected EPS
4.094175
4.12
Highest

Reliance Steel Earnings Projection Consensus

Suppose the current estimates of Reliance Steel's value are higher than the current market price of the Reliance Steel stock. In this case, investors may conclude that Reliance Steel is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Reliance Steel's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of December 2024Current EPS (TTM)
893.57%
3.64
4.094175
18.26

Reliance Steel Earnings History

Earnings estimate consensus by Reliance Steel Aluminum analysts from Wall Street is used by the market to judge Reliance Steel's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Reliance Steel's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Reliance Steel Quarterly Gross Profit

1.01 Billion

At this time, Reliance Steel's Retained Earnings are comparatively stable compared to the past year. Earnings Yield is likely to gain to 0.08 in 2025, whereas Retained Earnings Total Equity is likely to drop slightly above 4.3 B in 2025. Common Stock Shares Outstanding is likely to gain to about 70.5 M in 2025. Net Income Applicable To Common Shares is likely to gain to about 2.2 B in 2025.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Reliance Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
287.56289.61291.66
Details
Intrinsic
Valuation
LowRealHigh
260.55307.61309.66
Details
Naive
Forecast
LowNextHigh
284.50286.55288.59
Details
8 Analysts
Consensus
LowTargetHigh
294.02323.10358.64
Details
Note that many institutional investors and large investment bankers can move markets due to the volume of Reliance assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Reliance Steel. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Reliance Steel's stock price in the short term.

Reliance Steel Earnings per Share Projection vs Actual

Actual Earning per Share of Reliance Steel refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Reliance Steel Aluminum predict the company's earnings will be in the future. The higher the earnings per share of Reliance Steel, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Reliance Steel Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Reliance Steel, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Reliance Steel should always be considered in relation to other companies to make a more educated investment decision.

Reliance Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Reliance Steel's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-10-24
2024-09-303.663.64-0.02
2024-07-25
2024-06-304.734.65-0.08
2024-04-25
2024-03-315.535.3-0.23
2024-02-15
2023-12-313.924.730.8120 
2023-10-26
2023-09-3054.99-0.01
2023-07-27
2023-06-306.556.49-0.06
2023-04-27
2023-03-315.766.370.6110 
2023-02-16
2022-12-314.475.871.431 
2022-10-27
2022-09-306.196.480.29
2022-07-28
2022-06-309.019.150.14
2022-04-28
2022-03-317.148.421.2817 
2022-02-17
2021-12-315.226.641.4227 
2021-10-28
2021-09-305.956.150.2
2021-07-22
2021-06-304.895.060.17
2021-04-22
2021-03-313.524.10.5816 
2021-02-18
2020-12-312.022.01-0.01
2020-10-22
2020-09-301.61.870.2716 
2020-07-23
2020-06-300.41.360.96240 
2020-04-23
2020-03-312.12.450.3516 
2020-02-20
2019-12-311.732.440.7141 
2019-10-24
2019-09-301.952.390.4422 
2019-07-25
2019-06-302.582.710.13
2019-04-25
2019-03-312.372.80.4318 
2019-02-21
2018-12-311.721.08-0.6437 
2018-10-25
2018-09-302.692.42-0.2710 
2018-07-26
2018-06-302.753.10.3512 
2018-04-26
2018-03-312.012.30.2914 
2018-02-15
2017-12-3111.220.2222 
2017-10-26
2017-09-301.191.30.11
2017-07-27
2017-06-301.371.40.03
2017-04-27
2017-03-311.391.520.13
2017-02-16
2016-12-310.740.840.113 
2016-10-20
2016-09-301.321.25-0.07
2016-07-21
2016-06-301.31.360.06
2016-04-21
2016-03-310.881.030.1517 
2016-02-18
2015-12-310.820.870.05
2015-10-22
2015-09-301.011.160.1514 
2015-07-23
2015-06-301.121.210.09
2015-04-23
2015-03-311.021.30.2827 
2015-02-19
2014-12-311.061.01-0.05
2014-10-23
2014-09-301.351.33-0.02
2014-07-24
2014-06-301.411.3-0.11
2014-04-24
2014-03-311.241.19-0.05
2014-02-20
2013-12-310.980.92-0.06
2013-10-24
2013-09-301.21.220.02
2013-07-25
2013-06-301.181.14-0.04
2013-04-25
2013-03-311.151.09-0.06
2013-02-21
2012-12-310.971.060.09
2012-10-25
2012-09-301.191.30.11
2012-07-26
2012-06-301.421.440.02
2012-04-26
2012-03-311.51.540.04
2012-02-16
2011-12-310.780.910.1316 
2011-10-27
2011-09-301.111.130.02
2011-07-28
2011-06-301.311.310.0
2011-04-28
2011-03-311.071.230.1614 
2011-02-17
2010-12-310.450.530.0817 
2010-10-21
2010-09-300.720.65-0.07
2010-07-22
2010-06-300.820.830.01
2010-04-22
2010-03-310.640.6-0.04
2010-02-18
2009-12-311.021.050.03
2009-10-22
2009-09-300.460.570.1123 
2009-07-23
2009-06-300.2-0.08-0.28140 
2009-04-23
2009-03-310.490.27-0.2244 
2009-02-19
2008-12-310.610.90.2947 
2008-10-16
2008-09-301.952.070.12
2008-07-17
2008-06-302.12.120.02
2008-04-17
2008-03-311.381.460.08
2008-02-21
2007-12-311.021.060.04
2007-10-18
2007-09-301.341.22-0.12
2007-07-19
2007-06-301.571.590.02
2007-04-19
2007-03-311.321.460.1410 
2007-02-15
2006-12-311.220.98-0.2419 
2006-10-19
2006-09-301.361.410.05
2006-07-20
2006-06-301.171.330.1613 
2006-04-20
2006-03-3111.070.07
2006-02-16
2005-12-310.890.910.02
2005-10-20
2005-09-300.630.750.1219 
2005-07-21
2005-06-300.610.740.1321 
2005-04-21
2005-03-310.680.710.03
2005-02-17
2004-12-310.50.660.1632 
2004-10-21
2004-09-300.650.680.03
2004-07-15
2004-06-300.770.810.04
2004-04-15
2004-03-310.410.460.0512 
2004-02-19
2003-12-310.160.15-0.01
2003-10-16
2003-09-300.130.20.0753 
2003-07-17
2003-06-300.10.10.0
2003-04-17
2003-03-310.080.090.0112 
2003-02-20
2002-12-310.060.03-0.0350 
2002-10-17
2002-09-300.190.16-0.0315 
2002-07-18
2002-06-300.170.170.0
2002-04-18
2002-03-310.10.120.0220 
2002-02-21
2001-12-310.050.070.0240 
2001-10-18
2001-09-300.110.130.0218 
2001-07-19
2001-06-300.240.23-0.01
2001-04-19
2001-03-310.270.25-0.02
2001-02-15
2000-12-310.260.270.01
2000-10-19
2000-09-300.280.280.0
2000-07-20
2000-06-300.290.30.01
2000-04-20
2000-03-310.270.290.02
2000-02-17
1999-12-310.250.270.02
1999-10-21
1999-09-300.230.270.0417 
1999-07-22
1999-06-300.230.240.01
1999-04-22
1999-03-310.210.230.02
1999-02-18
1998-12-310.20.210.01
1998-10-22
1998-09-300.20.210.01
1998-07-23
1998-06-300.210.220.01
1998-04-23
1998-03-310.190.210.0210 
1998-02-19
1997-12-310.180.20.0211 
1997-10-22
1997-09-300.170.180.01
1997-07-24
1997-06-300.160.170.01
1997-04-24
1997-03-310.150.150.0
1997-02-20
1996-12-310.140.150.01
1996-10-24
1996-09-300.150.150.0
1996-07-25
1996-06-300.150.160.01
1996-04-25
1996-03-310.130.150.0215 

Reliance Steel Corporate Directors

Andrew SharkeyIndependent DirectorProfile
Robert McEvoyIndependent DirectorProfile
John FigueroaIndependent DirectorProfile
Douglas StotlarIndependent DirectorProfile

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.