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Rexel

DB:E7V
Snowflake Description

Proven track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E7V
DB
€4B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Rexel S.A. distributes low and ultra-low voltage electrical products to professional customers and markets in the fields of construction, industry, and services. The last earnings update was 109 days ago. More info.


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  • Rexel has significant price volatility in the past 3 months.
E7V Share Price and Events
7 Day Returns
0.2%
DB:E7V
-0.3%
DE Trade Distributors
0%
DE Market
1 Year Returns
13.4%
DB:E7V
8.5%
DE Trade Distributors
9.9%
DE Market
E7V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rexel (E7V) 0.2% 10.9% 36.2% 13.4% -17.7% -17.2%
DE Trade Distributors -0.3% 10.2% 15.4% 8.5% -3.8% 2.3%
DE Market 0% 4.5% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • E7V outperformed the Trade Distributors industry which returned 8.5% over the past year.
  • E7V outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
E7V
Industry
5yr Volatility vs Market
Related Companies

E7V Value

 Is Rexel 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 Rexel 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 Rexel.

DB:E7V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:E7V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.949 (1 + (1- 33%) (101.61%))
1.398
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.398 * 6.65%)
9.53%

Discounted Cash Flow Calculation for DB:E7V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rexel 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.

DB:E7V DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.53%)
2020 307.28 Analyst x6 280.55
2021 333.50 Analyst x4 278.00
2022 351.31 Est @ 5.34% 267.37
2023 364.69 Est @ 3.81% 253.41
2024 374.66 Est @ 2.73% 237.69
2025 382.08 Est @ 1.98% 221.31
2026 387.64 Est @ 1.46% 205.00
2027 391.86 Est @ 1.09% 189.20
2028 395.11 Est @ 0.83% 174.18
2029 397.67 Est @ 0.65% 160.06
Present value of next 10 years cash flows €2,266.00
DB:E7V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €397.67 × (1 + 0.23%) ÷ (9.53% – 0.23%)
€4,285.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €4,285.87 ÷ (1 + 9.53%)10
€1,725.01
DB:E7V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,266.00 + €1,725.01
€3,991.01
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,991.01 / 302.30
€13.2
DB:E7V Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:E7V represents 0.99785x of ENXTPA:RXL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99785x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 13.20 x 0.99785
€13.17
Value per share (EUR) From above. €13.17
Current discount Discount to share price of €11.66
= -1 x (€11.66 - €13.17) / €13.17
11.5%

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

Current Discount
Amount off the current price Rexel is available for.
Intrinsic value
12%
Share price is €11.66 vs Future cash flow value of €13.17
Current Discount Checks
For Rexel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rexel's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Rexel'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 Rexel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rexel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:E7V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.72
ENXTPA:RXL Share Price ** ENXTPA (2019-11-15) in EUR €11.68
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 15.38x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 19.43x

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

** Primary Listing of Rexel.

DB:E7V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:RXL Share Price ÷ EPS (both in EUR)

= 11.68 ÷ 0.72

16.18x

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

  • Rexel is overvalued based on earnings compared to the DE Trade Distributors industry average.
  • Rexel is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Rexel's expected growth come at a high price?
Raw Data
DB:E7V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
10.3%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.62x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:E7V PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.18x ÷ 10.3%

1.58x

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

  • Rexel is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Rexel's assets?
Raw Data
DB:E7V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €13.74
ENXTPA:RXL Share Price * ENXTPA (2019-11-15) in EUR €11.68
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.84x
DB:E7V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:RXL Share Price ÷ Book Value per Share (both in EUR)

= 11.68 ÷ 13.74

0.85x

* Primary Listing of Rexel.

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

  • Rexel is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Rexel'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. Rexel has a total score of 2/6, 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.

E7V Future Performance

 How is Rexel expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

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
10.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rexel expected to grow at an attractive rate?
  • Rexel's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Rexel's earnings growth is positive but not above the Germany market average.
  • Rexel's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:E7V Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:E7V Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 10.3%
DB:E7V Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.1%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:E7V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:E7V Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 14,371 528 376 11
2020-12-31 14,060 520 347 14
2019-12-31 13,793 447 324 14
2019-11-16
DB:E7V Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 13,609 241 218
2019-03-31 13,583 434 172
2018-12-31 13,366 285 151
2018-09-30 13,273 445 114
2018-06-30 13,196 491 103
2018-03-31 13,170 382 103
2017-12-31 13,303 290 106
2017-09-30 13,357 327 168
2017-06-30 13,315 273 140
2017-03-31 13,324 349 162
2016-12-31 13,162 364 138
2016-09-30 13,214 483 129

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rexel's earnings are expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).
  • Rexel's revenue is expected to grow by 2.1% 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
DB:E7V Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Rexel Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E7V Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.26 1.41 1.17 6.00
2020-12-31 1.16 1.29 1.03 11.00
2019-12-31 1.05 1.11 0.99 10.00
2019-11-16
DB:E7V Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.72
2019-03-31 0.57
2018-12-31 0.50
2018-09-30 0.38
2018-06-30 0.34
2018-03-31 0.35
2017-12-31 0.35
2017-09-30 0.56
2017-06-30 0.46
2017-03-31 0.53
2016-12-31 0.46
2016-09-30 0.43

*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.
  • Rexel is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rexel'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Rexel 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.

E7V Past Performance

  How has Rexel 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 Rexel'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.
  • Rexel's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Rexel's 1-year earnings growth exceeds its 5-year average (111.3% vs -9.2%)
  • Rexel's earnings growth has exceeded the DE Trade Distributors industry average in the past year (111.3% vs 8.4%).
Earnings and Revenue History
Rexel'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 Rexel Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E7V Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 13,609.40 217.90 2,765.60
2019-03-31 13,583.25 171.60 2,726.25
2018-12-31 13,365.70 150.70 2,710.60
2018-09-30 13,272.70 114.40 2,682.70
2018-06-30 13,195.80 103.10 2,680.00
2018-03-31 13,169.90 103.10 2,676.60
2017-12-31 13,303.00 105.50 2,716.80
2017-09-30 13,356.80 168.10 2,716.00
2017-06-30 13,314.60 140.30 2,701.70
2017-03-31 13,323.90 162.40 2,698.20
2016-12-31 13,162.10 137.90 2,662.40
2016-09-30 13,214.20 128.60 2,656.90
2016-06-30 13,402.90 138.00 2,663.40
2016-03-31 13,476.60 101.50 2,669.40
2015-12-31 13,537.60 86.20 2,678.60
2015-09-30 13,430.00 144.00 2,641.20
2015-06-30 13,307.80 172.80 2,609.70
2015-03-31 13,041.50 220.00 2,548.10
2014-12-31 12,824.30 240.50 2,497.80
2014-09-30 12,709.90 249.80 2,482.40
2014-06-30 12,704.50 251.10 2,477.50
2014-03-31 12,862.10 214.90 2,507.20
2013-12-31 13,011.60 210.50 2,534.40
2013-09-30 13,163.60 231.70 2,562.30
2013-06-30 13,349.90 238.40 2,598.70
2013-03-31 13,376.10 268.30 2,593.50
2012-12-31 13,449.20 318.10 2,572.70

*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.
  • Rexel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rexel used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Rexel has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rexel'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.
Rexel has a total score of 4/6, 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.

E7V Health

 How is Rexel'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 Rexel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rexel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rexel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rexel'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 1.9x 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 Rexel Company Filings, last reported 4 months ago.

DB:E7V Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4,154.00 2,633.10 438.40
2019-03-31 4,154.00 2,633.10 438.40
2018-12-31 4,232.20 2,569.50 544.90
2018-09-30 4,246.20 2,604.10 350.90
2018-06-30 4,153.70 2,572.00 452.70
2018-03-31 4,178.30 2,578.00 394.30
2017-12-31 4,157.60 2,585.50 563.60
2017-09-30 4,265.30 2,766.80 396.60
2017-06-30 4,223.10 2,776.80 459.00
2017-03-31 4,414.50 3,097.10 676.10
2016-12-31 4,383.30 2,798.70 619.30
2016-09-30 4,228.60 2,934.10 410.60
2016-06-30 4,258.40 2,937.70 535.10
2016-03-31 4,330.70 2,944.30 443.90
2015-12-31 4,352.90 3,002.50 804.80
2015-09-30 4,350.70 3,017.80 387.50
2015-06-30 4,415.70 3,005.00 460.40
2015-03-31 4,481.80 3,108.70 478.70
2014-12-31 4,343.40 3,357.40 1,159.80
2014-09-30 4,330.10 3,264.60 623.70
2014-06-30 4,103.30 3,134.90 716.60
2014-03-31 4,266.10 3,025.30 655.50
2013-12-31 4,227.10 3,138.50 957.80
2013-09-30 4,187.90 3,063.20 481.70
2013-06-30 3,970.30 3,194.10 604.40
2013-03-31 4,183.90 2,924.80 234.10
2012-12-31 4,117.60 2,927.20 291.90
  • Rexel's level of debt (63.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (76.4% vs 63.4% today).
  • Debt is not well covered by operating cash flow (9.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.2x coverage).
X
Financial health checks
We assess Rexel'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. Rexel has a total score of 4/6, 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.

E7V Dividends

 What is Rexel'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
3.77%
Current annual income from Rexel dividends. Estimated to be 4.37% next year.
If you bought €2,000 of Rexel shares you are expected to receive €75 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?
  • Rexel's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Rexel's dividend is above the markets top 25% of dividend payers in Germany (3.66%).
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
DB:E7V 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 14 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:E7V Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.55 12.00
2020-12-31 0.51 15.00
2019-12-31 0.48 15.00
2019-11-16
DB:E7V Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-23 0.440 4.291
2018-04-05 0.420 3.655
2017-02-13 0.400 2.722
2016-05-25 0.400 2.919
2015-03-26 0.750 5.787
2014-03-13 0.750 4.711
2013-03-25 0.750 4.131
2012-07-27 0.650 4.154
2012-03-01 0.650 4.423
2012-02-10 0.650 3.982
2011-05-19 0.400 2.945
2010-01-15 0.000 0.000
2009-11-12 0.000 0.000
2009-10-30 0.000 0.000
2009-07-31 0.000 0.000
2009-05-14 0.000 0.000
2009-04-30 0.000 0.000
2009-02-12 0.000 0.000
2008-12-31 0.000 0.000

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

  • Rexel has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Rexel only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Rexel's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Rexel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Rexel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rexel has a total score of 4/6, see the detailed checks below.


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

E7V Management

 What is the CEO of Rexel'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
Patrick Berard
COMPENSATION €2,486,022
AGE 66
TENURE AS CEO 3.3 years
CEO Bio

Mr. Patrick Berard has been Director of LKQ Corporation since October 2, 2019. He has been the Chief Executive Officer of Rexel SA since July 1, 2016 and served as its Europe General Manager since November 8, 2016 until 2019. Mr. Berard serves as Europe Chief Executive Officer at Rexel S.A. since 2019. Mr. Berard served as Senior Vice President of Europe at Rexel SA since August 5, 2015 until July 1, 2016. He served as Senior Vice-President of Southern, Central and Eastern Europe at Rexel SA since July 2015 until August 5, 2015. He served as Senior Vice President of Rexel Europe at Rexel SA since July 1, 2015. He served as Senior Vice President of Southern, Central & Eastern Europe at Rexel SA. from October 1, 2014 to July 1, 2015. He served as Senior Vice President of Southern Europe ((France, Italy, Spain and Portugal) at Rexel SA since 2007. He served as Senior Vice President of France at Rexel SA and also served as its Chief Executive Officer of France. He is Director of Rexel Sverige AB (Sweden – unlisted company). He is Director of Rexel North America Inc. (Canada – unlisted company). He is Chairman of the Board of Directors of Rexel USA Inc. (United States – unlisted company). He is Chairman of the Board of Directors of Rexel Italia S.p.A (Italy – unlisted company). He was President of Rexel France (France – unlisted company). He was President of Dismo France (France – unlisted company). He was President of Sofinther (France – unlisted company). He was Director of Rexel Belgium SA (Belgium – unlisted company). He was Director of Electro-Industrie en Acoustiek NV (Belgium – unlisted company). He was Director of Rexel Luxembourg SA (Luxembourg – unlisted company). He was Director of Elektroskansdia Norge AS (Norway – unlisted company). He was Director of Elektroskansdia Norway Holdings AS (Norway – unlisted company). He was Director of Rexel Finland Oy (Finland – unlisted company). He was Director of Rexel UK limited (United Kingdom – unlisted company). He was Director of Rexel Holding Benelux BV (the Netherlands – unlisted company). He was Chairman of the Board of Directors of ABM Rexel (Spain – unlisted company). He was Director of Moel AB (Sweden – unlisted company). He served as the Chairman, Chief Executive Officer and President of Pinault Bois et Matériaux S.A. He has been a Director of Rexel S.A., since May 23, 2017. In 2003, he joined Rexel as Chief Executive Officer of Rexel France. In 2007, he also became Manager of the southern Europe area (France, Italy, Spain, Portugal), then, in 2013, of Belgium and Luxembourg, prior to being appointed Chief Executive Officer Europe in 2015. His career started in 1978 with the Pulp and Paper Research Institute of Canada. From 1980 to 1987, Mr. Berard was a consultant with McKinsey, then Manager of Planning and Strategy of the Industry and Engineering Division of Thomson. From 1988 to 1999, he occupied various duties with Polychrome, including those of Chief Executive Officer Europe and Vice President of the Group. He served as Chief Operating Officer and Operations Manager of Antalis (Groupe Arjo Wiggins) from 1999 to 2002, prior to being appointed, in 2002 as Chairman and Chief Executive Officer of Pinault Bois & Matériaux, a company of the Kering group (formerly PPR Group). Mr. Berard holds PhD in Economics from the University of Grenoble.

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

Average tenure and age of the Rexel management team in years:

3
Average Tenure
60.5
Average Age
  • The tenure for the Rexel management team is about average.
Management Team

Patrick Berard

TITLE
CEO, CEO of Europe & Director
COMPENSATION
€2M
AGE
66
TENURE
3.3 yrs

Laurent Delabarre

TITLE
Group Chief Financial Officer
AGE
53
TENURE
2.5 yrs

Ludovic Debailleux

TITLE
Investors Relations Director

Frank Waldmann

TITLE
Group Human Resources Director
TENURE
3 yrs

Dominique Cateau

TITLE
Senior Vice President of Southern and Western Europe

John Hanna

TITLE
Senior Vice President - Canada
AGE
76

Roger Little

TITLE
CEO of Rexel Canada
TENURE
5.7 yrs

Nathalie Wright

TITLE
Group Digital & IT Transformation Director and CEO Nordics
AGE
55

Pierre Benoît

TITLE
CEO of UK/Ireland-Benelux
TENURE
0.6 yrs

Werner Hardt

TITLE
Chief Executive Officer of Central Europe and Scandinavia
Board of Directors Tenure

Average tenure and age of the Rexel board of directors in years:

2.9
Average Tenure
62
Average Age
  • The average tenure for the Rexel board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ian Meakins

TITLE
Independent Non-Executive Chairman of the Board
COMPENSATION
€500K
AGE
62
TENURE
3.1 yrs

Patrick Berard

TITLE
CEO, CEO of Europe & Director
COMPENSATION
€2M
AGE
66
TENURE
2.5 yrs

François Henrot

TITLE
Deputy Chairman & Senior Independent Director
COMPENSATION
€140K
AGE
70
TENURE
5.5 yrs

Herna Verhagen

TITLE
Independent Director
COMPENSATION
€95K
AGE
53
TENURE
5.5 yrs

Agnès Touraine

TITLE
Independent Director
COMPENSATION
€90K
AGE
64
TENURE
2.8 yrs

François Auque

TITLE
Director
COMPENSATION
€13K
AGE
62
TENURE
0.5 yrs

Maria Del Richter

TITLE
Independent Director
COMPENSATION
€98K
AGE
65
TENURE
5.5 yrs

Elen Phillips

TITLE
Independent Director
COMPENSATION
€95K
AGE
59
TENURE
3.7 yrs

Marcus Alexanderson

TITLE
Director
COMPENSATION
€80K
AGE
43
TENURE
2.5 yrs

Julien Bonnel

TITLE
Director
COMPENSATION
€70K
AGE
33
TENURE
2 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 (€) Value (€)
X
Management checks
We assess Rexel'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. Rexel 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.

E7V News

Simply Wall St News

E7V Company Info

Description

Rexel S.A. distributes low and ultra-low voltage electrical products to professional customers and markets in the fields of construction, industry, and services. It offers electrical installation equipment, conduits and cables, lighting, security and communication, climate control, tools, and white and brown goods. As of February 13, 2019, the company operated a network of approximately 2,000 branches in 26 countries. It principally operates in Europe, the United States, Canada, Australia, New Zealand, India, Middle East, and China. Rexel S.A. was founded in 1967 and is headquartered in Paris, France.

Details
Name: Rexel S.A.
E7V
Exchange: DB
Founded: 1967
€3,530,860,087
302,299,665
Website: http://www.rexel.com
Address: Rexel S.A.
13 Boulevard du Fort de Vaux,
CS 60002,
Paris,
Ile-de-France, 75017,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA RXL Ordinary Shares Euronext Paris FR EUR 07. Jun 2000
OTCPK RXLS.F Ordinary Shares Pink Sheets LLC US USD 07. Jun 2000
DB E7V Ordinary Shares Deutsche Boerse AG DE EUR 07. Jun 2000
LSE 0KBZ Ordinary Shares London Stock Exchange GB EUR 07. Jun 2000
BATS-CHIXE RXLP Ordinary Shares BATS 'Chi-X Europe' GB EUR 07. Jun 2000
OTCPK RXEE.Y ADR Pink Sheets LLC US USD 11. Sep 2012
Number of employees
Current staff
Staff numbers
27,015
Rexel employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 20:56
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/10/27
Last earnings filing: 2019/07/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.