企業概要
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company, specializing in the distribution of alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and other specialty steel products primarily within the United States and Canada. This business model places the firm firmly within the Basic Materials sector and the Steel industry, positioning it as a critical supplier of essential industrial commodities required for manufacturing and infrastructure projects. The company demonstrates a substantial market presence with a total market capitalization of $15.66 billion and generates annual revenue reaching $14.29 billion based on trailing twelve-month data. Furthermore, the organization employs approximately 15,700 individuals, indicating a significant operational footprint that supports its role as a major player in the global supply chain for metallic materials.
財務健全性
Reliance, Inc. reported a revenue of $14.29 billion for the trailing twelve months, yielding a net income of $739.40 million and an EBITDA of $1.33 billion, which highlights a cost structure where operating expenses and taxes consume a significant portion of top-line growth. The company maintains a free cash flow of $305.60 million, providing it with sufficient financial flexibility to meet operational obligations, invest in working capital, or pursue strategic acquisitions without immediate reliance on external financing. Analyzing the profitability metrics reveals a gross margin of 28.8%, an operating margin of 5.5%, and a profit margin of 5.2%, suggesting that while the company effectively controls production costs, its ability to translate revenue into bottom-line profit is moderated by substantial operating expenditures. Regarding liquidity and leverage, the firm holds $216.60 million in cash against a total debt load of $1.74 billion, resulting in a debt-to-equity ratio of 24.23, which characterizes a balance sheet that is moderately leveraged rather than strictly conservative. The current ratio stands at 4.88, indicating a robust short-term liquidity position where current assets significantly exceed current liabilities, ensuring the company can easily cover its short-term obligations. Additionally, the Return on Equity is 10.3% while the Return on Assets is 6.4%, metrics that collectively reveal management's effectiveness in generating returns on shareholders' capital relative to the total asset base utilized to generate those earnings.
バリュエーション評価
Valuation metrics for Reliance, Inc. indicate a trailing P/E ratio of 21.41 and a forward P/E of 15.68, where the notable difference between these figures implies that the market anticipates a significant acceleration in earnings growth in the coming periods. The price-to-book ratio is 2.16, suggesting that the stock trades at a premium relative to its book value, which may reflect intangible assets, brand strength, or growth expectations inherent in the metal distribution business. Alternative valuation measures include a price-to-sales ratio of 1.10 and an EV/EBITDA of 12.85, providing a normalized view of the company's value that accounts for enterprise value and earnings quality independent of capital structure. The stock's recent trading range spans a 52-week high of $365.59 and a 52-week low of $250.07, illustrating the volatility and market sentiment fluctuations experienced over the past year. The beta value of 0.88 indicates that the stock's price volatility is lower than that of the broader market, suggesting a slightly defensive characteristic relative to the overall equity market index.
Growth & Income
Reliance, Inc. exhibits a revenue growth rate of 11.9% year-over-year and an earnings growth rate of 15.1% year-over-year, demonstrating that profitability is expanding at a pace faster than top-line sales, which often points to operational leverage or pricing power. The company distributes a dividend yield of 1.7% with a payout ratio of 34.3%, a combination that suggests the dividend payments are highly sustainable given the low proportion of earnings allocated to shareholders. The relatively low payout ratio allows the firm to retain a significant portion of its earnings, potentially funding internal growth initiatives or strengthening the balance sheet. Overall, the company presents a profile characterized by double-digit revenue expansion, accelerating earnings growth, and a consistent commitment to returning capital to shareholders through a stable dividend program.