Reliance Steel Aluminum Stock Current Valuation

RS Stock  USD 336.90  5.52  1.67%   
Valuation analysis of Reliance Steel Aluminum helps investors to measure Reliance Steel's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns. Enterprise Value Multiple is likely to gain to 8.55 in 2024. Fundamental drivers impacting Reliance Steel's valuation include:
Price Book
2.4642
Enterprise Value
19.3 B
Enterprise Value Ebitda
9.0966
Price Sales
1.2853
Forward PE
17.9533
Overvalued
Today
336.90
Please note that Reliance Steel's price fluctuation is very steady at this time. Calculation of the real value of Reliance Steel Aluminum is based on 3 months time horizon. Increasing Reliance Steel's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Our valuation method for Reliance Steel Aluminum is useful when determining the fair value of the Reliance stock, which is usually determined by what a typical buyer is willing to pay for full or partial control of Reliance Steel. Since Reliance Steel is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Reliance Stock. However, Reliance Steel's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  336.9 Real  271.15 Target  293.0 Hype  337.96 Naive  345.93
The real value of Reliance Stock, also known as its intrinsic value, is the underlying worth of Reliance Steel Aluminum Company, which is reflected in its stock price. It is based on Reliance Steel's financial performance, assets, liabilities, growth prospects, management team, or industry conditions. The intrinsic value of Reliance Steel's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Reliance Steel's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
269.15
Downside
271.15
Real Value
370.59
Upside
Estimating the potential upside or downside of Reliance Steel Aluminum helps investors to forecast how Reliance stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Reliance Steel more accurately as focusing exclusively on Reliance Steel's fundamentals will not take into account other important factors:
Earnings
Estimates (0)
LowProjectedHigh
5.455.565.68
Details
Hype
Prediction
LowEstimatedHigh
335.96337.96339.96
Details
Potential
Annual Dividend
LowForecastedHigh
2.542.572.61
Details
7 Analysts
Consensus
LowTarget PriceHigh
266.63293.00325.23
Details

Reliance Current Valuation Analysis

Reliance Steel's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Enterprise Value

 = 

Market Cap + Debt

-

Cash

More About Current Valuation | All Equity Analysis

Current Reliance Steel Current Valuation

    
  19.33 B  
Most of Reliance Steel's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Reliance Steel Aluminum is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Reliance Current Valuation Driver Correlations

Understanding the fundamental principles of building solid financial models for Reliance Steel is extremely important. It helps to project a fair market value of Reliance Stock properly, considering its historical fundamentals such as Current Valuation. Since Reliance Steel's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Reliance Steel's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Reliance Steel's interrelated accounts and indicators.
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Click cells to compare fundamentals
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Competition

In accordance with the recently published financial statements, Reliance Steel Aluminum has a Current Valuation of 19.33 B. This is 69.39% higher than that of the Metals & Mining sector and 187.82% higher than that of the Materials industry. The current valuation for all United States stocks is 16.26% lower than that of the firm.

Reliance Current Valuation Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Reliance Steel's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Reliance Steel could also be used in its relative valuation, which is a method of valuing Reliance Steel by comparing valuation metrics of similar companies.
Reliance Steel is currently under evaluation in current valuation category among related companies.

Reliance Steel ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Reliance Steel's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Reliance Steel's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Reliance Fundamentals

About Reliance Steel Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Reliance Steel Aluminum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reliance Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reliance Steel Aluminum based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Reliance Steel Aluminum Co. operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company was founded in 19 and is headquartered in Los Angeles, California. Reliance Steel operates under Steel classification in the United States and is traded on New York Stock Exchange. It employs 13700 people.

Currently Active Assets on Macroaxis

When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:
Check out Reliance Steel Piotroski F Score and Reliance Steel Altman Z Score analysis.
You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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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.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.20)
Dividend Share
4
Earnings Share
22.63
Revenue Per Share
253.839
Quarterly Revenue Growth
(0.08)
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.