회사 개요
Reliance, Inc. operates as a diversified metal solutions provider and metals service center company, primarily serving markets in the United States and Canada by distributing a wide array of metal products. These offerings include alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and other specialty steel products, positioning the firm as a critical supplier within the industrial supply chain. The company functions within the Basic Materials sector, specifically the Steel industry, a classification that reflects its core exposure to raw material processing and distribution dynamics. In terms of scale, Reliance, Inc. commands a market capitalization of $15.66B and generates annual revenue of $14.29B, supported by a workforce of 15,700 employees. These financial magnitudes indicate that Reliance holds a substantial footprint in its sector, suggesting it is a significant player capable of influencing supply chain availability and maintaining operations across a broad geographic and product scope within the basic materials landscape.
재무 건전성
The company reported a revenue of $14.29B for the trailing twelve months, with a net income of $739.40M and an EBITDA of $1.33B. The substantial gap between the $14.29B revenue and the $739.40M net income reveals a cost structure where operating expenses, including cost of goods sold, administrative costs, and taxes, consume a significant portion of top-line growth, resulting in a profit margin of 5.2%. Regarding liquidity generation, the company produced free cash flow of $305.60M, which provides essential financial flexibility to fund capital expenditures, service debt obligations, or pursue strategic acquisitions without immediate reliance on external financing. Profitability is further dissected by three key margins: a gross margin of 28.8%, which indicates the efficiency of production and sourcing before operating expenses; an operating margin of 5.5%, reflecting operational efficiency after overhead costs; and the aforementioned profit margin of 5.2%, which represents the final profitability after all expenses including interest and taxes. On the balance sheet, Reliance holds cash of $216.60M against total debt of $1.74B, resulting in a debt-to-equity ratio of 24.23, which suggests a leveraged balance sheet where debt obligations exceed equity capitalization. Despite the leverage, the current ratio stands at 4.88, indicating a robust short-term liquidity position where current assets significantly exceed current liabilities, ensuring the ability to meet short-term obligations. Management effectiveness is highlighted by a return on equity of 10.3% and a return on assets of 6.4%, metrics that demonstrate the company's ability to generate value from shareholder capital and total asset base, respectively.
밸류에이션 평가
Valuation metrics for Reliance, Inc. show a trailing P/E ratio of 21.41 and a forward P/E of 15.68. The notable difference between these two figures implies that the market expects earnings growth in the future that will lower the multiple over time, as the forward P/E is significantly lower than the trailing P/E. The price-to-book ratio is recorded at 2.16, indicating that the market values the company at more than double its book value, which suggests a premium assigned to its intangible assets, brand strength, or growth prospects beyond tangible net worth. Alternative valuation measures include a price-to-sales ratio of 1.10 and an EV/EBITDA of 12.85, which provide context by valuing the enterprise relative to sales and operating cash generation, offering a different perspective on pricing that accounts for debt and cash holdings. Price momentum is defined by a 52-week high of $365.59 and a 52-week low of $250.07. Without the current share price explicitly listed in the provided facts, the relative positioning within this range cannot be calculated; however, the range itself illustrates the volatility experienced over the past year. The stock exhibits a beta of 0.88, meaning its price volatility is slightly lower than the broader market, indicating a defensive characteristic relative to the overall market index.
Growth & Income
Reliance, Inc. demonstrated revenue growth of 11.9% year-over-year and earnings growth of 15.1% year-over-year. The earnings growth rate exceeding the revenue growth rate implies improved operational leverage, cost control, or margin expansion that allowed net income to accelerate faster than top-line sales. The company pays a dividend with a yield of 1.7% and maintains a payout ratio of 34.3%, indicating that the dividend payments are well-covered by earnings and appear sustainable given the current profitability levels. This payout ratio suggests that the company retains a majority of its earnings for reinvestment or debt reduction rather than distributing all profits to shareholders. Overall, the growth and income profile combines moderate double-digit earnings expansion with a modest but consistent dividend yield, reflecting a balance between capital allocation for growth and returning value to shareholders.