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Regal Beloit

DB:RB8
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RB8
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and transmission products worldwide. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Regal Beloit has significant price volatility in the past 3 months.
RB8 Share Price and Events
7 Day Returns
6.7%
DB:RB8
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-23.6%
DB:RB8
-8.2%
DE Electrical
-17.5%
DE Market
RB8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Regal Beloit (RB8) 6.7% -22.2% -26.3% -23.6% -19% -20.3%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • RB8 underperformed the Electrical industry which returned -8.2% over the past year.
  • RB8 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
RB8
Industry
5yr Volatility vs Market

RB8 Value

 Is Regal Beloit 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 Regal Beloit 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 Regal Beloit.

DB:RB8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:RB8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (48.65%))
1.367
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.367 * 5.44%)
7.05%

Discounted Cash Flow Calculation for DB:RB8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Regal Beloit 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:RB8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.05%)
2020 294.00 Analyst x6 274.64
2021 309.47 Analyst x4 270.06
2022 300.56 Est @ -2.88% 245.02
2023 294.16 Est @ -2.13% 224.01
2024 289.42 Est @ -1.61% 205.89
2025 285.82 Est @ -1.24% 189.94
2026 283.00 Est @ -0.99% 175.68
2027 280.71 Est @ -0.81% 162.79
2028 278.79 Est @ -0.68% 151.03
2029 277.14 Est @ -0.59% 140.25
Present value of next 10 years cash flows $2,039.00
DB:RB8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $277.14 × (1 + -0.39%) ÷ (7.05% – -0.39%)
$3,711.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,711.28 ÷ (1 + 7.05%)10
$1,878.14
DB:RB8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,039.00 + $1,878.14
$3,917.14
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,917.14 / 40.65
$96.35
DB:RB8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RB8 represents 0.88959x of NYSE:RBC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88959x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 96.35 x 0.88959
€85.71
Value per share (EUR) From above. €85.71
Current discount Discount to share price of €56.00
= -1 x (€56.00 - €85.71) / €85.71
34.7%

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

Current Discount
Amount off the current price Regal Beloit is available for.
Intrinsic value
35%
Share price is €56 vs Future cash flow value of €85.71
Current Discount Checks
For Regal Beloit to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Regal Beloit's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Regal Beloit'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 Regal Beloit's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Regal Beloit's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RB8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-28) in USD $5.69
NYSE:RBC Share Price ** NYSE (2020-03-31) in USD $62.95
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Regal Beloit.

DB:RB8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RBC Share Price ÷ EPS (both in USD)

= 62.95 ÷ 5.69

11.07x

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

  • Regal Beloit is good value based on earnings compared to the DE Electrical industry average.
  • Regal Beloit is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Regal Beloit's expected growth come at a high price?
Raw Data
DB:RB8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
5.4%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:RB8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.07x ÷ 5.4%

2.06x

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

  • Regal Beloit is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Regal Beloit's assets?
Raw Data
DB:RB8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-28) in USD $57.63
NYSE:RBC Share Price * NYSE (2020-03-31) in USD $62.95
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:RB8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RBC Share Price ÷ Book Value per Share (both in USD)

= 62.95 ÷ 57.63

1.09x

* Primary Listing of Regal Beloit.

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

  • Regal Beloit is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Regal Beloit'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Regal Beloit has a total score of 4/6, 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.

RB8 Future Performance

 How is Regal Beloit expected to perform in the next 1 to 3 years based on estimates from 9 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
5.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Regal Beloit expected to grow at an attractive rate?
  • Regal Beloit's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Regal Beloit's earnings growth is positive but not above the Germany market average.
  • Regal Beloit's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RB8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RB8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 5.4%
DB:RB8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -0.5%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:RB8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RB8 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,222 1
2021-12-31 3,195 393 261 7
2020-12-31 3,089 340 209 9
2020-03-31
2019-12-31 3,224 408 252 9
DB:RB8 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-28 3,238 409 239
2019-09-28 3,382 384 258
2019-06-29 3,535 349 259
2019-03-30 3,621 339 259
2018-12-29 3,646 363 231
2018-09-29 3,585 307 227
2018-06-30 3,516 287 238
2018-03-31 3,426 284 225
2017-12-30 3,360 292 213
2017-09-30 3,298 347 207
2017-07-01 3,250 415 205
2017-04-01 3,220 434 208
2016-12-31 3,225 442 203

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Regal Beloit's earnings are expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
  • Regal Beloit's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:RB8 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 9 Analyst Estimates (S&P Global) See Below

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

DB:RB8 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 6.40 6.60 6.20 4.00
2020-12-31 5.23 5.75 4.60 5.00
2020-03-31
2019-12-31 5.85 5.97 5.50 6.00
DB:RB8 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-28 5.69
2019-09-28 6.07
2019-06-29 6.04
2019-03-30 5.98
2018-12-29 5.30
2018-09-29 5.17
2018-06-30 5.38
2018-03-31 5.06
2017-12-30 4.78
2017-09-30 4.63
2017-07-01 4.57
2017-04-01 4.65
2016-12-31 4.55

*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 Regal Beloit will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Regal Beloit'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 Germany 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.
Regal Beloit 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.

RB8 Past Performance

  How has Regal Beloit 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 Regal Beloit's growth in the last year to its industry (Electrical).
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.
  • Regal Beloit has delivered over 20% year on year earnings growth in the past 5 years.
  • Regal Beloit's 1-year earnings growth is less than its 5-year average (3.4% vs 27.1%)
  • Regal Beloit's earnings growth has not exceeded the DE Electrical industry average in the past year (3.4% vs 17.2%).
Earnings and Revenue History
Regal Beloit'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 Regal Beloit Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RB8 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-28 3,238.00 238.90 510.30 22.50
2019-09-28 3,381.50 257.80 520.20 29.30
2019-06-29 3,534.60 259.40 529.30 29.30
2019-03-30 3,620.60 258.70 536.20 29.30
2018-12-29 3,645.60 231.20 543.20 29.30
2018-09-29 3,584.60 227.10 558.30 29.50
2018-06-30 3,516.10 238.00 547.80 29.50
2018-03-31 3,425.60 225.10 544.70 29.50
2017-12-30 3,360.30 213.00 537.80 29.90
2017-09-30 3,297.70 207.10 500.50 29.50
2017-07-01 3,250.40 204.50 528.20 29.50
2017-04-01 3,219.80 208.10 504.50 29.50
2016-12-31 3,224.50 203.40 519.20 29.50
2016-10-01 3,239.90 138.50 545.90 30.10
2016-07-02 3,312.60 142.30 529.90 30.10
2016-04-02 3,416.20 148.50 559.30 30.10
2016-01-02 3,509.70 143.30 551.90 30.10
2015-10-03 3,511.90 46.10 536.40 32.90
2015-07-04 3,459.40 30.20 526.90 32.90
2015-04-04 3,367.60 23.60 500.30 32.90
2015-01-03 3,257.10 31.00 483.40 32.90
2014-09-27 3,208.70 114.30 468.40 28.30
2014-06-28 3,147.10 119.40 459.10 28.30
2014-03-29 3,118.70 114.30 462.50 28.30
2013-12-28 3,095.70 120.00 465.90 28.30
2013-09-28 3,084.00 183.10 447.80 28.50
2013-06-29 3,095.30 184.80 439.40 28.50

*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.
  • Regal Beloit has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Regal Beloit used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Regal Beloit's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Regal Beloit'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 Electrical 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.
Regal Beloit has a total score of 1/6, 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.

RB8 Health

 How is Regal Beloit'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 Regal Beloit's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Regal Beloit is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Regal Beloit's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Regal Beloit'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 1.4x 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 Regal Beloit Company Filings, last reported 3 months ago.

DB:RB8 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-28 2,380.40 1,134.80 331.40
2019-09-28 2,329.10 1,198.40 293.00
2019-06-29 2,430.40 1,220.60 291.30
2019-03-30 2,444.00 1,211.40 264.30
2018-12-29 2,338.50 1,307.10 248.60
2018-09-29 2,359.50 1,278.90 184.40
2018-06-30 2,340.70 1,335.60 175.60
2018-03-31 2,420.20 1,182.30 169.90
2017-12-30 2,354.70 1,141.10 139.60
2017-09-30 2,302.40 1,214.40 186.60
2017-07-01 2,248.80 1,301.30 243.70
2017-04-01 2,173.80 1,371.70 262.30
2016-12-31 2,078.20 1,414.80 284.50
2016-10-01 2,102.30 1,515.10 281.60
2016-07-02 2,049.90 1,620.10 271.50
2016-04-02 2,036.20 1,712.40 249.10
2016-01-02 1,982.80 1,729.70 252.90
2015-10-03 2,030.50 1,823.30 254.60
2015-07-04 2,037.80 1,903.20 247.60
2015-04-04 1,989.80 1,958.50 229.70
2015-01-03 1,979.30 644.40 334.10
2014-09-27 2,176.70 689.50 344.80
2014-06-28 2,194.40 783.30 466.40
2014-03-29 2,131.50 786.60 407.50
2013-12-28 2,102.40 789.20 466.00
2013-09-28 2,116.20 793.70 471.30
2013-06-29 2,054.10 795.90 422.90
  • Regal Beloit's level of debt (47.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.5% vs 47.7% today).
  • Debt is well covered by operating cash flow (36%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.1x coverage).
X
Financial health checks
We assess Regal Beloit'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. Regal Beloit 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.

RB8 Dividends

 What is Regal Beloit'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
1.91%
Current annual income from Regal Beloit dividends. Estimated to be 2% next year.
If you bought €2,000 of Regal Beloit shares you are expected to receive €38 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?
  • Regal Beloit's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Regal Beloit's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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:RB8 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 9 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:RB8 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.25 1.00
2021-12-31 1.29 5.00
2020-12-31 1.23 6.00
2020-03-31
2019-12-31 1.17 6.00
DB:RB8 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-27 1.200 1.618
2019-10-24 1.200 1.448
2019-07-23 1.200 1.641
2019-04-29 1.200 1.512
2019-01-22 1.120 1.372
2018-10-25 1.120 1.523
2018-07-23 1.120 1.367
2018-04-30 1.120 1.402
2018-01-22 1.040 1.407
2017-10-30 1.040 1.345
2017-05-01 1.040 1.304
2017-01-23 0.960 1.280
2016-10-27 0.960 1.392
2016-07-29 0.960 1.592
2016-04-25 0.960 1.645
2016-01-25 0.920 1.572
2015-10-30 0.920 1.556
2015-07-24 0.920 1.433
2015-04-27 0.920 1.228
2015-01-26 0.880 1.154
2014-10-31 0.880 1.221
2014-07-25 0.880 1.282
2014-04-28 0.880 1.144
2014-01-27 0.800 1.096
2013-11-04 0.800 1.082
2013-07-26 0.800 1.175
2013-04-29 0.800 1.195
2013-01-25 0.760 0.974
2012-10-26 0.760 1.092
2012-07-27 0.760 1.106
2012-05-01 0.760 1.225
2012-01-30 0.720 1.095
2011-10-28 0.720 1.382
2011-07-29 0.720 1.371
2011-05-02 0.720 1.066
2011-01-31 0.680 0.943
2010-10-29 0.680 1.083
2010-07-23 0.680 1.151
2010-04-26 0.680 1.128
2010-02-02 0.640 1.095
2009-10-26 0.640 1.276
2009-07-28 0.640 1.365
2009-04-27 0.640 1.567

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Regal Beloit's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).
X
Income/ dividend checks
We assess Regal Beloit's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Regal Beloit afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Regal Beloit has a total score of 5/6, see the detailed checks below.


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

RB8 Management

 What is the CEO of Regal Beloit'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
Louis Pinkham
COMPENSATION $6,390,215
AGE 48
TENURE AS CEO 0.8 years
CEO Bio

Mr. Louis Vernon Pinkham has been the Chief Executive Officer of Regal Beloit Corporation since April 01, 2019 and its Director since April 30, 2019. Mr. Pinkham was Senior Vice President at Crane Co. from December 8, 2014 to March 29, 2019. Mr. Pinkham served as President of Fluid Handling Group at Crane Co. since October 15, 2012 until December 2014. Mr. Pinkham served as Senior Vice President and General Manager of the Critical Power Solutions Division at Electrical Group. He served as Vice President and General Manager of Low Voltage Components at Eaton Electrical Suzhou. He served as General Manager of the Electrical Group for North Asia based in Shanghai, China. He served as Managing Director of the Electrical Group based in Le Lieu, Switzerland. His experience as Business Development Manager focused on the aerospace and hydraulics industry. He served as an Executive Director of Senyuan International Holdings Limited from October 23, 2006 to February 21, 2007. Mr. Pinkham holds a Bachelor of Science in Engineering from Duke University, majoring in Biomedical Engineering and specializing in Mechanical and Electrical Engineering. He also holds a dual MBA and Masters in Engineering from Northwestern University's Kellogg Graduate School of Management and McCormick School of Engineering.

CEO Compensation
  • Insufficient data for Louis to compare compensation growth.
  • Louis's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Regal Beloit management team in years:

0.8
Average Tenure
56.5
Average Age
  • The average tenure for the Regal Beloit management team is less than 2 years, this suggests a new team.
Management Team

Louis Pinkham

TITLE
CEO & Director
COMPENSATION
$6M
AGE
48
TENURE
0.8 yrs

Rob Rehard

TITLE
Former Vice President Financial Planning & Analysis
COMPENSATION
$2M
AGE
50
TENURE
1.8 yrs

John Avampato

TITLE
VP & Chief Information Officer
COMPENSATION
$1M
AGE
58
TENURE
12.2 yrs

Thomas Valentyn

TITLE
VP, General Counsel & Secretary
COMPENSATION
$1M
AGE
60
TENURE
3.8 yrs

Rob Cherry

TITLE
Vice President of Business Development & Investor Relations
TENURE
4.4 yrs

Cheryl Lewis

TITLE
VP & Chief Human Resource Officer

Scott Brown

TITLE
Group President of Commercial Systems Segment
AGE
59
TENURE
0.7 yrs

Jerry Morton

TITLE
Group President of Power Transmission Solutions Segment
AGE
57
TENURE
0.7 yrs

John Kunze

TITLE
Group President of Climate Solutions Segment
AGE
56
TENURE
0.7 yrs

Eric Mcginnis

TITLE
Group President of Industrial System Segment
AGE
48
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Regal Beloit board of directors in years:

8.2
Average Tenure
61.5
Average Age
  • The tenure for the Regal Beloit board of directors is about average.
Board of Directors

Rakesh Sachdev

TITLE
Independent Chairman
COMPENSATION
$342K
AGE
63
TENURE
0.8 yrs

Louis Pinkham

TITLE
CEO & Director
COMPENSATION
$6M
AGE
48
TENURE
0.8 yrs

Curt Stoelting

TITLE
Independent Director
COMPENSATION
$268K
AGE
59
TENURE
15.2 yrs

Steve Burt

TITLE
Independent Director
COMPENSATION
$251K
AGE
54
TENURE
9.7 yrs

Jane Warner

TITLE
Independent Director
COMPENSATION
$246K
AGE
72
TENURE
6.7 yrs

Chris Doerr

TITLE
Independent Director
COMPENSATION
$255K
AGE
69
TENURE
17.2 yrs

Dean Foate

TITLE
Independent Director
COMPENSATION
$237K
AGE
61
TENURE
14.4 yrs

Tom Fischer

TITLE
Independent Director
COMPENSATION
$235K
AGE
72
TENURE
15.8 yrs

Anesa Chaibi

TITLE
Independent Director
COMPENSATION
$236K
AGE
53
TENURE
5.3 yrs

Jan Bertsch

TITLE
Independent Director
COMPENSATION
$95K
AGE
62
TENURE
0.7 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 (€) Value (€)
26. Nov 19 Sell John Avampato Individual 25. Nov 19 25. Nov 19 -5,380 €75.36 €-405,451
X
Management checks
We assess Regal Beloit'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. Regal Beloit 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.

RB8 News

Simply Wall St News

RB8 Company Info

Description

Regal Beloit Corporation, together with its subsidiaries, designs, manufactures, and sells electric motors, electrical motion controls, and power generation and transmission products worldwide. It operates through four segments: Commercial Systems, Industrial Systems, Climate Solutions, and Power Transmission Solutions. The Commercial Systems segment provides AC and DC motors, electronic variable speed controls, fans, blowers, and precision stator and rotor kits. The Industrial Systems segment offers AC motors for industrial applications; electric alternators for prime and standby power applications to data centers, marine, agriculture, healthcare, mobile, and defense markets; and power generation switchgear for prime and standby power, distributed generation, and cogeneration applications, as well as residential, automatic, and bypass isolation transfer switches. The Climate Solutions segment provides fractional motors, electronic variable speed controls, and blowers, as well as fractional horsepower motors for residential and light commercial HVAC, water heater, and commercial refrigeration markets. The Power Transmission Solutions segment offers mounted and unmounted bearings; conveyor products; disc, diaphragms, gear and flexible couplings, transmission elements, gears, grids, jaws, elastomers, and joints; mechanical power transmission drives, and components; and worm gearing, shaft configuration, helical offset, concentric and right angle, bevel and miter gearing, center pivot gearing, and open gearing products, as well as modular plastic belts, conveying chains, and hydraulic pump drives. It serves beverage, bulk handling, metal, special machinery, energy, and aerospace and general industrial markets. The company sells its products directly to original equipment manufacturers and end-users through a network of direct and independent sales representatives, and distributors. Regal Beloit Corporation was founded in 1955 and is based in Beloit, Wisconsin.

Details
Name: Regal Beloit Corporation
RB8
Exchange: DB
Founded: 1955
$2,265,230,642
40,654,327
Website: http://www.regalbeloit.com
Address: Regal Beloit Corporation
200 State Street,
Beloit,
Wisconsin, 53511,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE RBC Common Stock New York Stock Exchange US USD 16. Oct 1973
DB RB8 Common Stock Deutsche Boerse AG DE EUR 16. Oct 1973
Number of employees
Current staff
Staff numbers
19,560
Regal Beloit employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:18
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/28
Last annual earnings reported: 2019/12/28


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.