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Richelieu Hardware

TSX:RCH
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RCH
TSX
CA$1B
Market Cap
  1. Home
  2. CA
  3. Capital Goods
Company description

Richelieu Hardware Ltd. imports, distributes, and manufactures specialty hardware and complementary products in North America. The last earnings update was 55 days ago. More info.


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RCH Share Price and Events
7 Day Returns
-0.3%
TSX:RCH
-2.7%
CA Trade Distributors
-1%
CA Market
1 Year Returns
14.1%
TSX:RCH
3%
CA Trade Distributors
7.9%
CA Market
RCH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Richelieu Hardware (RCH) -0.3% -2.8% 4.1% 14.1% 0.1% 42.4%
CA Trade Distributors -2.7% 0.6% 6.9% 3% 3.4% 22.3%
CA Market -1% 1.1% 1.5% 7.9% 5.5% 15.6%
1 Year Return vs Industry and Market
  • RCH outperformed the Trade Distributors industry which returned 3% over the past year.
  • RCH outperformed the Market in Canada which returned 7.9% over the past year.
Price Volatility
RCH
Industry
5yr Volatility vs Market

RCH Value

 Is Richelieu Hardware undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Richelieu Hardware to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Richelieu Hardware.

TSX:RCH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:RCH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 26.5%) (0.47%))
0.959
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (0.959 * 5.44%)
6.66%

Discounted Cash Flow Calculation for TSX:RCH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Richelieu Hardware is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:RCH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.66%)
2020 76.35 Est @ 11.88% 71.59
2021 83.03 Est @ 8.75% 72.99
2022 88.48 Est @ 6.56% 72.92
2023 92.92 Est @ 5.02% 71.80
2024 96.59 Est @ 3.95% 69.97
2025 99.67 Est @ 3.19% 67.70
2026 102.33 Est @ 2.67% 65.17
2027 104.69 Est @ 2.3% 62.50
2028 106.82 Est @ 2.04% 59.80
2029 108.81 Est @ 1.86% 57.11
Present value of next 10 years cash flows CA$671.00
TSX:RCH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$108.81 × (1 + 1.44%) ÷ (6.66% – 1.44%)
CA$2,114.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,114.74 ÷ (1 + 6.66%)10
CA$1,109.84
TSX:RCH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$671.00 + CA$1,109.84
CA$1,780.84
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,780.84 / 56.63
CA$31.45
TSX:RCH Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$31.45
Current discount Discount to share price of CA$26.81
= -1 x (CA$26.81 - CA$31.45) / CA$31.45
14.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Richelieu Hardware is available for.
Intrinsic value
15%
Share price is CA$26.81 vs Future cash flow value of CA$31.45
Current Discount Checks
For Richelieu Hardware to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Richelieu Hardware's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Richelieu Hardware's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Richelieu Hardware's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Richelieu Hardware's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:RCH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in CAD CA$1.16
TSX:RCH Share Price ** TSX (2019-12-04) in CAD CA$26.81
Canada Trade Distributors Industry PE Ratio Median Figure of 13 Publicly-Listed Trade Distributors Companies 13.76x
Canada Market PE Ratio Median Figure of 512 Publicly-Listed Companies 14.9x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Richelieu Hardware.

TSX:RCH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:RCH Share Price ÷ EPS (both in CAD)

= 26.81 ÷ 1.16

23.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Richelieu Hardware is overvalued based on earnings compared to the CA Trade Distributors industry average.
  • Richelieu Hardware is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Richelieu Hardware's expected growth come at a high price?
Raw Data
TSX:RCH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Trade Distributors Industry PEG Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 1.06x
Canada Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Richelieu Hardware, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Richelieu Hardware's assets?
Raw Data
TSX:RCH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in CAD CA$8.81
TSX:RCH Share Price * TSX (2019-12-04) in CAD CA$26.81
Canada Trade Distributors Industry PB Ratio Median Figure of 18 Publicly-Listed Trade Distributors Companies 0.87x
Canada Market PB Ratio Median Figure of 2,314 Publicly-Listed Companies 1.27x
TSX:RCH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:RCH Share Price ÷ Book Value per Share (both in CAD)

= 26.81 ÷ 8.81

3.04x

* Primary Listing of Richelieu Hardware.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Richelieu Hardware is overvalued based on assets compared to the CA Trade Distributors industry average.
X
Value checks
We assess Richelieu Hardware's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)
  5. Richelieu Hardware has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RCH Future Performance

 How is Richelieu Hardware expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.4%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Richelieu Hardware expected to grow at an attractive rate?
  • Richelieu Hardware's earnings growth is expected to exceed the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Richelieu Hardware's earnings growth is positive but not above the Canada market average.
  • Richelieu Hardware's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:RCH Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:RCH Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.4%
TSX:RCH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.8%
Canada Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 15%
Canada Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:RCH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:RCH Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-11-30 1,103 1
2020-11-30 1,075 1
2019-12-04
2019-11-30 1,047 1
TSX:RCH Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-08-31 1,035 81 67
2019-05-31 1,027 51 66
2019-02-28 1,009 40 65
2018-11-30 1,004 42 68
2018-08-31 996 37 69
2018-05-31 989 39 69
2018-02-28 969 42 68
2017-11-30 943 56 68
2017-08-31 910 64 67
2017-05-31 877 77 66
2017-02-28 851 75 64
2016-11-30 844 67 63

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Richelieu Hardware's earnings are expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
  • Richelieu Hardware's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:RCH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Richelieu Hardware Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:RCH Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-11-30 1.36 1.36 1.36 1.00
2020-11-30 1.27 1.27 1.27 1.00
2019-12-04
2019-11-30 1.16 1.16 1.16 1.00
TSX:RCH Past Financials Data
Date (Data in CAD Millions) EPS *
2019-08-31 1.16
2019-05-31 1.16
2019-02-28 1.13
2018-11-30 1.18
2018-08-31 1.20
2018-05-31 1.19
2018-02-28 1.18
2017-11-30 1.17
2017-08-31 1.16
2017-05-31 1.14
2017-02-28 1.10
2016-11-30 1.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Richelieu Hardware will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Richelieu Hardware's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Richelieu Hardware has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RCH Past Performance

  How has Richelieu Hardware performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Richelieu Hardware's growth in the last year to its industry (Trade Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Richelieu Hardware's year on year earnings growth rate has been positive over the past 5 years.
  • Richelieu Hardware's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Richelieu Hardware's 1-year earnings growth is negative, it can't be compared to the CA Trade Distributors industry average.
Earnings and Revenue History
Richelieu Hardware's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Richelieu Hardware Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:RCH Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 1,035.44 66.50
2019-05-31 1,026.66 66.26
2019-02-28 1,008.74 65.16
2018-11-30 1,004.40 67.78
2018-08-31 995.80 69.25
2018-05-31 988.53 69.00
2018-02-28 968.53 68.41
2017-11-30 942.55 67.70
2017-08-31 910.36 66.93
2017-05-31 877.33 66.13
2017-02-28 851.47 63.95
2016-11-30 844.47 62.81
2016-08-31 826.55 61.13
2016-05-31 805.85 60.14
2016-02-29 779.24 59.38
2015-11-30 749.65 58.74
2015-08-31 727.41 57.15
2015-05-31 695.77 55.37
2015-02-28 670.12 53.75
2014-11-30 646.91 52.39
2014-08-31 624.36 49.73
2014-05-31 605.71 48.00
2014-02-28 596.80 47.10
2013-11-30 586.78 46.40
2013-08-31 577.31 45.76
2013-05-31 576.93 45.70
2013-02-28 567.80 45.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Richelieu Hardware has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Richelieu Hardware used its assets more efficiently than the CA Trade Distributors industry average last year based on Return on Assets.
  • Richelieu Hardware's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Richelieu Hardware's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Richelieu Hardware has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RCH Health

 How is Richelieu Hardware's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Richelieu Hardware's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Richelieu Hardware is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Richelieu Hardware's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Richelieu Hardware's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 63.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Richelieu Hardware Company Filings, last reported 3 months ago.

TSX:RCH Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 503.33 7.01 14.80
2019-05-31 494.75 24.98
2019-02-28 478.92 18.95
2018-11-30 473.49 2.02 7.41
2018-08-31 467.35 0.72 8.12
2018-05-31 459.34 0.84 10.20
2018-02-28 442.87 2.60 3.17
2017-11-30 438.20 4.29 29.16
2017-08-31 428.73 4.52 26.87
2017-05-31 419.32 7.06 16.39
2017-02-28 405.28 3.81 36.42
2016-11-30 398.31 4.86 42.97
2016-08-31 379.20 3.81 20.93
2016-05-31 368.10 3.76 0.23
2016-02-29 361.81 5.17
2015-11-30 366.81 3.58 29.45
2015-08-31 348.72 3.96 20.87
2015-05-31 330.09 4.21 10.08
2015-02-28 327.14 5.39 15.68
2014-11-30 313.55 5.35 33.72
2014-08-31 296.51 4.23 29.65
2014-05-31 286.31 2.06 23.05
2014-02-28 276.88 1.61 14.81
2013-11-30 293.11 1.35 46.19
2013-08-31 303.75 1.04 56.82
2013-05-31 292.46 1.37 35.28
2013-02-28 296.64 2.15 43.64
  • Richelieu Hardware's level of debt (1.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1.4% vs 1.4% today).
  • Debt is well covered by operating cash flow (1156.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 130.6x coverage).
X
Financial health checks
We assess Richelieu Hardware's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Richelieu Hardware has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RCH Dividends

 What is Richelieu Hardware's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.94%
Current annual income from Richelieu Hardware dividends.
If you bought CA$2,000 of Richelieu Hardware shares you are expected to receive CA$19 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Richelieu Hardware's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.01%).
  • Richelieu Hardware's dividend is below the markets top 25% of dividend payers in Canada (5.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:RCH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Canada Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:RCH Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-11-30
2020-11-30
2019-12-04
2019-11-30
TSX:RCH Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-10-03 0.253 0.944
2019-07-04 0.253 0.988
2019-04-04 0.253 1.189
2019-01-24 0.253 1.075
2018-10-12 0.240 0.977
2018-10-04 0.240 0.886
2018-07-10 0.240 0.819
2018-07-05 0.240 0.876
2018-04-09 0.240 0.833
2018-04-05 0.240 0.826
2018-02-28 0.240 0.794
2018-01-25 0.240 0.774
2017-10-05 0.227 0.672
2017-07-14 0.227 0.721
2017-07-06 0.227 0.728
2017-04-13 0.227 0.756
2017-04-06 0.227 0.781
2017-02-28 0.227 0.834
2017-01-19 0.227 0.828
2016-10-06 0.213 0.822
2016-07-13 0.213 0.811
2016-07-07 0.213 0.790
2016-04-14 0.213 0.899
2016-04-07 0.213 0.980
2016-01-22 0.213 0.948
2016-01-21 0.213 0.972
2015-10-14 0.200 0.866
2015-10-08 0.200 0.855
2015-04-02 0.200 0.925
2015-02-27 0.200 0.969
2015-01-22 0.200 1.015
2014-10-02 0.187 1.020
2014-07-03 0.187 1.127
2014-04-03 0.187 1.137
2014-02-28 0.187 1.162
2014-01-23 0.187 1.239
2013-10-03 0.173 1.176
2013-07-10 0.173 1.225
2013-07-04 0.173 1.286
2013-04-12 0.173 1.305
2013-03-28 0.173 1.305
2013-02-26 0.173 1.330
2013-01-24 0.173 1.326
2012-10-04 0.160 1.354
2012-03-29 0.160 1.462
2012-02-28 0.160 1.618
2012-01-26 0.160 1.612
2011-10-06 0.147 1.604
2011-07-07 0.147 1.684
2011-03-31 0.147 1.523
2011-01-27 0.147 1.455
2010-09-30 0.120 1.211
2010-07-08 0.120 1.390
2010-03-25 0.120 1.509
2010-01-28 0.120 1.589
2009-10-01 0.107 1.492
2009-07-09 0.107 1.671
2009-03-26 0.107 1.971
2009-01-22 0.107 1.850

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Richelieu Hardware is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
  • Richelieu Hardware is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Richelieu Hardware's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Richelieu Hardware's dividends as it is not paying a notable one for Canada.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Richelieu Hardware's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Richelieu Hardware afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Richelieu Hardware has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RCH Management

 What is the CEO of Richelieu Hardware's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Lord
COMPENSATION CA$2,039,820
TENURE AS CEO 31.9 years
CEO Bio

Mr. Richard Lord has been the Chief Executive Officer, President and an Executive Director of Richelieu Hardware Ltd. (also known as Quincaillerie Richelieu Ltée, Richelieu Inc., Richelieu Montréal Ltée) since 1988.

CEO Compensation
  • Richard's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Richard's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Richelieu Hardware management team in years:

7
Average Tenure
  • The average tenure for the Richelieu Hardware management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Richard Lord

TITLE
CEO, President & Executive Director
COMPENSATION
CA$2M
TENURE
31.9 yrs

Antoine Auclair

TITLE
VP & CFO
COMPENSATION
CA$559K
TENURE
8.1 yrs

Georges Forest

TITLE

Yannick Godeau

TITLE
Manager of Legal Affairs & Corporate Secretary
TENURE
5.9 yrs

Marjolaine Plante

TITLE
Vice President of Human Resources
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Richelieu Hardware board of directors in years:

10.9
Average Tenure
62.5
Average Age
  • The average tenure for the Richelieu Hardware board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jocelyn Proteau

TITLE
Independent Chairman of the Board
COMPENSATION
CA$158K
AGE
72
TENURE
6.9 yrs

Richard Lord

TITLE
CEO, President & Executive Director
COMPENSATION
CA$2M
TENURE
31.9 yrs

Mathieu Gauvin

TITLE
Independent Director
COMPENSATION
CA$101K
TENURE
26.9 yrs

Robert Courteau

TITLE
Independent Director
COMPENSATION
CA$99K
TENURE
15.9 yrs

Denyse Chicoyne

TITLE
Independent Director
COMPENSATION
CA$89K
AGE
66
TENURE
14.9 yrs

Marc Poulin

TITLE
Corporate Director
COMPENSATION
CA$79K
AGE
57
TENURE
6.9 yrs

Sylvie Vachon

TITLE
Independent Director
COMPENSATION
CA$98K
AGE
59
TENURE
4.7 yrs

Pierre Pomerleau

TITLE
Independent Director
COMPENSATION
CA$98K
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
28. May 19 Sell Geneviève Quévillon Individual 27. May 19 27. May 19 -6,200 CA$21.25 CA$-131,750
X
Management checks
We assess Richelieu Hardware's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Richelieu Hardware has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RCH News

Simply Wall St News

Should We Worry About Richelieu Hardware Ltd.'s (TSE:RCH) P/E Ratio?

Check out our latest analysis for Richelieu Hardware How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Richelieu Hardware: P/E of 22.04 = CA$25.5 ÷ CA$1.16 (Based on the year to May 2019.) Is A High Price-to-Earnings Ratio Good? … The Bottom Line On Richelieu Hardware's P/E Ratio Richelieu Hardware trades on a P/E ratio of 22, which is above its market average of 13.9.

Simply Wall St -

Why Richelieu Hardware Ltd.’s (TSE:RCH) Return On Capital Employed Is Impressive

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Richelieu Hardware: 0.18 = CA$92m ÷ (CA$621m - CA$114m) (Based on the trailing twelve months to May 2019.) So, Richelieu Hardware has an ROCE of 18%. … Richelieu Hardware's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … The Bottom Line On Richelieu Hardware's ROCE This is good to see, and with a sound ROCE, Richelieu Hardware could be worth a closer look.

Simply Wall St -

Is Richelieu Hardware Ltd.'s (TSE:RCH) CEO Paid At A Competitive Rate?

Check out our latest analysis for Richelieu Hardware How Does Richard Lord's Compensation Compare With Similar Sized Companies? … With a total shareholder return of 0.1% over three years, Richelieu Hardware Ltd. … If you want to buy a stock that is better than Richelieu Hardware, this free list of high return, low debt companies is a great place to look.

Simply Wall St -

What Kind Of Investor Owns Most Of Richelieu Hardware Ltd. (TSE:RCH)?

View our latest analysis for Richelieu Hardware TSX:RCH Ownership Summary, July 15th 2019 What Does The Institutional Ownership Tell Us About Richelieu Hardware? … We can see that Richelieu Hardware does have institutional investors; and they hold 49% of the stock. … Insider Ownership Of Richelieu Hardware The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Is Richelieu Hardware (TSE:RCH) A Risky Investment?

TSX:RCH Historical Debt, July 2nd 2019 How Strong Is Richelieu Hardware's Balance Sheet? … Our View Richelieu Hardware's interest cover suggests it can handle its debt as easily as Cristiano Ronaldo could score a goal against an under 14's goalkeeper. … Looking at all the aforementioned factors together, it strikes us that Richelieu Hardware can handle its debt fairly comfortably.

Simply Wall St -

How Much Are Richelieu Hardware Ltd. (TSE:RCH) Insiders Taking Off The Table?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Richelieu Hardware Richelieu Hardware Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the , Geneviève Quévillon, for CA$132k worth of shares, at about CA$21.25 per share. … All up, insiders sold more shares in Richelieu Hardware than they bought, over the last year. … Richelieu Hardware Insiders Are Selling The Stock The last quarter saw substantial insider selling of Richelieu Hardware shares.

Simply Wall St -

Should We Be Delighted With Richelieu Hardware Ltd.'s (TSE:RCH) ROE Of 14%?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Richelieu Hardware: 14% = CA$65m ÷ CA$479m (Based on the trailing twelve months to February 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Richelieu Hardware's Debt And Its 14% Return On Equity Richelieu Hardware has a debt to equity ratio of just 0.04, which is very low. … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Richelieu Hardware Ltd.'s (TSE:RCH) Earnings Dropped -4.8%, How Did It Fare Against The Industry?

After looking at Richelieu Hardware Ltd.'s (TSE:RCH) latest earnings announcement (28 February 2019), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … I also compare against an industry benchmark to check whether Richelieu Hardware's performance has been impacted by industry movements. … View our latest analysis for Richelieu Hardware Commentary On RCH's Past Performance RCH's trailing twelve-month earnings (from 28 February 2019) of CA$65m has declined by -4.8% compared to the previous year.

Simply Wall St -

Should We Worry About Richelieu Hardware Ltd.'s (TSE:RCH) P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Based on the last twelve months, Richelieu Hardware's P/E ratio is 18.49. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Are Richelieu Hardware Ltd.’s (TSE:RCH) Returns Worth Your While?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … The formula for calculating the return on capital employed is:

Simply Wall St -

RCH Company Info

Description

Richelieu Hardware Ltd. imports, distributes, and manufactures specialty hardware and complementary products in North America. The company’s principal product categories include furniture, glass and building decorative and functional hardware, lighting systems, finishing and decorating products, ergonomic workstation components, kitchen and closet storage solutions, sliding door systems, decorative and functional panels, high-pressure laminates, and floor protection products. It also manufactures veneer sheets and edge banding products; and various decorative moldings and components for the window and door industry. The company serves kitchen and bathroom cabinet, storage and closet, home and office furniture manufacturers; residential and commercial woodworkers; and hardware retailers, such as renovation superstores. Richelieu Hardware Ltd. was founded in 1968 and is headquartered in Montreal, Canada.

Details
Name: Richelieu Hardware Ltd.
RCH
Exchange: TSX
Founded: 1968
CA$1,493,281,151
56,628,030
Website: http://www.richelieu.com
Address: Richelieu Hardware Ltd.
7900 Henri-Bourassa Boulevard West,
Montreal,
Quebec, H4S 1V4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX RCH Common Shares The Toronto Stock Exchange CA CAD 27. Jul 1993
OTCPK RHUH.F Common Shares Pink Sheets LLC US USD 27. Jul 1993
DB 3R2 Common Shares Deutsche Boerse AG DE EUR 27. Jul 1993
Number of employees
Current staff
Staff numbers
2,200
Richelieu Hardware employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/04 23:41
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/11/20
Last earnings filing: 2019/10/10
Last earnings reported: 2019/08/31
Last annual earnings reported: 2018/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.