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Rocky Mountain Dealerships

OTCPK:RCKX.F
Snowflake Description

Established dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RCKX.F
OTCPK
CA$129M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Rocky Mountain Dealerships Inc., through its subsidiaries, sells, rents, leases, and provides support services for new and used agriculture and industrial equipment primarily in Canada and the United States. The last earnings update was 90 days ago. More info.


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RCKX.F Share Price and Events
7 Day Returns
-2.1%
OTCPK:RCKX.F
-3.2%
US Trade Distributors
-1.2%
US Market
1 Year Returns
-
OTCPK:RCKX.F
15%
US Trade Distributors
22.3%
US Market
RCKX.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rocky Mountain Dealerships (RCKX.F) -2.1% 6.2% 2.6% - -40.2% -23.1%
US Trade Distributors -3.2% -3.8% 2.8% 15% 15.6% 36.8%
US Market -1.2% 1.6% 8.8% 22.3% 40.3% 58%
1 Year Return vs Industry and Market
  • No trading data on RCKX.F.
  • No trading data on RCKX.F.
Price Volatility
RCKX.F
Industry
5yr Volatility vs Market

RCKX.F Value

 Is Rocky Mountain Dealerships 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 Rocky Mountain Dealerships 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 Rocky Mountain Dealerships.

OTCPK:RCKX.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in CAD CA$ 0.49
Payout Ratio Company Filings (2019-09-30) 5260%
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:RCKX.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
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))
= 0.941 (1 + (1- 26.5%) (367.62%))
1.442
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.442 * 5.44%)
9.59%

Discounted Cash Flow Calculation for OTCPK:RCKX.F using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Rocky Mountain Dealerships is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

OTCPK:RCKX.F Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CA$0.49 / (9.59% - 1.74%)
CA$3.66
OTCPK:RCKX.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:RCKX.F represents 0.76542x of TSX:RME
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.76542x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 6.25 x 0.76542
$4.78
Value per share (USD) From above. $4.78
Current discount Discount to share price of $5.09
= -1 x ($5.09 - $4.78) / $4.78
-6.5%

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

  • The current share price of Rocky Mountain Dealerships is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Rocky Mountain Dealerships's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rocky Mountain Dealerships's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:RCKX.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$0.23
TSX:RME Share Price ** TSX (2020-01-24) in CAD CA$6.65
United States of America Trade Distributors Industry PE Ratio Median Figure of 39 Publicly-Listed Trade Distributors Companies 17.64x
United States of America Market PE Ratio Median Figure of 2,923 Publicly-Listed Companies 18.58x

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

** Primary Listing of Rocky Mountain Dealerships.

OTCPK:RCKX.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 6.65 ÷ 0.23

29.5x

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

  • Rocky Mountain Dealerships is overvalued based on earnings compared to the US Trade Distributors industry average.
  • Rocky Mountain Dealerships is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Rocky Mountain Dealerships's expected growth come at a high price?
Raw Data
OTCPK:RCKX.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
79.8%per year
United States of America Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1x
United States of America Market PEG Ratio Median Figure of 2,032 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

OTCPK:RCKX.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.5x ÷ 79.8%

0.37x

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

  • Rocky Mountain Dealerships is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Rocky Mountain Dealerships's assets?
Raw Data
OTCPK:RCKX.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$9.80
TSX:RME Share Price * TSX (2020-01-24) in CAD CA$6.65
United States of America Trade Distributors Industry PB Ratio Median Figure of 50 Publicly-Listed Trade Distributors Companies 1.68x
United States of America Market PB Ratio Median Figure of 5,099 Publicly-Listed Companies 1.84x
OTCPK:RCKX.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.65 ÷ 9.80

0.68x

* Primary Listing of Rocky Mountain Dealerships.

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

  • Rocky Mountain Dealerships is good value based on assets compared to the US Trade Distributors industry average.
X
Value checks
We assess Rocky Mountain Dealerships'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. Rocky Mountain Dealerships 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.

RCKX.F Future Performance

 How is Rocky Mountain Dealerships expected to perform in the next 1 to 3 years based on estimates from 5 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
79.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rocky Mountain Dealerships expected to grow at an attractive rate?
  • Rocky Mountain Dealerships's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Rocky Mountain Dealerships's earnings growth is expected to exceed the United States of America market average.
  • Rocky Mountain Dealerships's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:RCKX.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:RCKX.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 79.8%
OTCPK:RCKX.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.5%
United States of America Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13%
United States of America Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.7%

*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
OTCPK:RCKX.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:RCKX.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 866 26 15 3
2020-12-31 824 22 12 5
2020-01-28
2019-12-31 791 22 -1 5
OTCPK:RCKX.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 852 34 4
2019-06-30 901 40 10
2019-03-31 1,009 29 15
2018-12-31 1,051 26 18
2018-09-30 1,029 23 19
2018-06-30 1,035 16 23
2018-03-31 969 19 22
2017-12-31 959 7 23
2017-09-30 971 16 19
2017-06-30 955 28 17
2017-03-31 951 25 16
2016-12-31 930 27 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rocky Mountain Dealerships's earnings are expected to grow significantly at over 20% yearly.
  • Rocky Mountain Dealerships's revenue is expected to grow by 3.5% 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
OTCPK:RCKX.F 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 5 Analyst Estimates (S&P Global) See Below

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

OTCPK:RCKX.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.60 0.84 0.36 2.00
2020-01-28
2019-12-31 -0.04 -0.04 -0.04 1.00
OTCPK:RCKX.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 0.23
2019-06-30 0.51
2019-03-31 0.83
2018-12-31 0.90
2018-09-30 0.97
2018-06-30 1.15
2018-03-31 1.02
2017-12-31 1.18
2017-09-30 1.00
2017-06-30 0.88
2017-03-31 0.91
2016-12-31 0.77

*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.
  • Rocky Mountain Dealerships is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rocky Mountain Dealerships'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Rocky Mountain Dealerships has a total score of 3/6, 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.

RCKX.F Past Performance

  How has Rocky Mountain Dealerships 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 Rocky Mountain Dealerships'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.
  • Rocky Mountain Dealerships's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Rocky Mountain Dealerships's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Rocky Mountain Dealerships's 1-year earnings growth is negative, it can't be compared to the US Trade Distributors industry average.
Earnings and Revenue History
Rocky Mountain Dealerships'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 Rocky Mountain Dealerships Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RCKX.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 851.74 4.38 89.41
2019-06-30 901.05 10.01 91.28
2019-03-31 1,009.12 15.32 93.34
2018-12-31 1,051.09 17.88 92.36
2018-09-30 1,029.37 19.36 87.68
2018-06-30 1,034.80 22.69 90.08
2018-03-31 969.06 21.54 90.86
2017-12-31 959.34 22.91 92.34
2017-09-30 971.39 19.35 90.19
2017-06-30 955.23 17.13 89.17
2017-03-31 950.91 15.58 89.02
2016-12-31 930.44 14.97 90.22
2016-09-30 930.27 14.84 91.95
2016-06-30 963.61 12.56 94.79
2016-03-31 944.50 11.23 96.84
2015-12-31 975.46 11.29 100.24
2015-09-30 983.96 12.93 100.93
2015-06-30 958.77 14.79 101.50
2015-03-31 987.66 18.65 101.18
2014-12-31 965.41 18.93 98.68
2014-09-30 961.90 14.77 98.54
2014-06-30 1,003.67 14.48 98.31
2014-03-31 999.42 13.08 98.39
2013-12-31 1,007.76 15.31 98.94
2013-09-30 1,017.96 25.02 97.99
2013-06-30 992.93 27.55 96.70
2013-03-31 980.56 24.65 95.55

*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.
  • Rocky Mountain Dealerships has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rocky Mountain Dealerships used its assets less efficiently than the US Trade Distributors industry average last year based on Return on Assets.
  • Rocky Mountain Dealerships's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rocky Mountain Dealerships'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.
Rocky Mountain Dealerships has a total score of 0/6, 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.

RCKX.F Health

 How is Rocky Mountain Dealerships'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 Rocky Mountain Dealerships's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rocky Mountain Dealerships is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rocky Mountain Dealerships's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rocky Mountain Dealerships'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 1.3x 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 Rocky Mountain Dealerships Company Filings, last reported 3 months ago.

OTCPK:RCKX.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 188.70 444.67 10.40
2019-06-30 191.06 501.34 9.91
2019-03-31 193.44 483.93 11.79
2018-12-31 203.81 441.33 12.05
2018-09-30 205.02 394.48 7.52
2018-06-30 201.60 401.60 8.63
2018-03-31 197.57 394.94 19.49
2017-12-31 199.86 343.36 20.10
2017-09-30 187.63 305.48 15.98
2017-06-30 179.49 324.58 11.35
2017-03-31 175.89 365.30 16.27
2016-12-31 177.18 346.98 28.54
2016-09-30 172.91 346.62 13.68
2016-06-30 168.28 399.08 12.90
2016-03-31 167.08 411.69 15.93
2015-12-31 169.76 411.79 21.69
2015-09-30 167.86 404.98 19.88
2015-06-30 165.84 436.06 8.96
2015-03-31 165.59 419.72 18.42
2014-12-31 168.41 428.59 22.95
2014-09-30 164.07 425.12 18.39
2014-06-30 159.59 425.14 12.53
2014-03-31 155.81 417.72 11.39
2013-12-31 157.42 396.41 34.72
2013-09-30 156.50 377.21 42.64
2013-06-30 152.70 430.31 22.49
2013-03-31 148.90 453.40 21.23
  • Rocky Mountain Dealerships's level of debt (235.6%) 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 (259.1% vs 235.6% today).
  • Debt is not well covered by operating cash flow (7.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Rocky Mountain Dealerships'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. Rocky Mountain Dealerships has a total score of 3/6, 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.

RCKX.F Dividends

 What is Rocky Mountain Dealerships'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
7.37%
Current annual income from Rocky Mountain Dealerships dividends. Estimated to be 7.37% next year.
If you bought $2,000 of Rocky Mountain Dealerships shares you are expected to receive $147 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?
  • Rocky Mountain Dealerships's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Rocky Mountain Dealerships's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
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
OTCPK:RCKX.F 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 5 Analyst Estimates (S&P Global) See Below
United States of America Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1962 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America 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.

OTCPK:RCKX.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.49 1.00
2020-12-31 0.49 3.00
2020-01-28
2019-12-31 0.49 3.00
OTCPK:RCKX.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-09-04 0.490 7.319
2019-06-04 0.490 6.608
2019-03-05 0.490 5.486
2018-12-04 0.490 5.593
2018-09-04 0.490 4.963
2018-05-09 0.460 4.111
2018-02-07 0.460 3.695
2017-08-09 0.460 3.789
2017-05-09 0.460 4.586
2017-01-26 0.460 4.519
2016-11-08 0.460 4.722
2016-05-02 0.460 5.833
2016-02-02 0.460 7.482
2015-08-11 0.460 7.089
2015-01-26 0.460 5.172
2014-11-12 0.460 4.932
2014-08-06 0.460 4.243
2014-05-06 0.460 4.185
2014-02-04 0.400 3.423
2013-08-12 0.400 3.310
2013-05-14 0.400 2.900
2013-02-11 0.270 2.104
2012-11-06 0.270 2.315
2012-08-13 0.270 2.472
2012-05-14 0.270 2.437
2012-02-17 0.180 1.598
2011-11-10 0.180 1.996
2011-08-09 0.180 1.965
2011-05-10 0.180 1.823
2011-03-08 0.180 1.780
2010-11-09 0.180 1.912
2010-08-10 0.180 2.149
2010-05-11 0.180 2.194
2010-03-09 0.180 1.903
2010-03-08 0.180 1.699
2009-08-11 0.180 2.437
2009-05-12 0.180 4.352
2009-03-10 0.180 3.970

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 Rocky Mountain Dealerships's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Rocky Mountain Dealerships's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Rocky Mountain Dealerships afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rocky Mountain Dealerships 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.

RCKX.F Management

 What is the CEO of Rocky Mountain Dealerships'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
Garrett Andrew Ganden
COMPENSATION CA$607,350
AGE 43
TENURE AS CEO 4.9 years
CEO Bio

Mr. Garrett Andrew Wyatt Ganden, CA, ICD.D., has been the Chief Executive Officer and President at Rocky Mountain Dealerships, Inc. since February 2, 2015. Mr. Ganden has been the Chief Financial Officer of Hammer Equipment Sales Limited since October 23, 2007. He serves as the Chief Operating Officer of Hi-Way Service Inc. and served as its Chief Financial Officer. Mr. Ganden served as the Chief Operating Officer of Rocky Mountain Dealerships, Inc. from May 9, 2011 to February 2, 2015. He served as the Chief Financial Officer at Rocky Mountain Dealerships, Inc. from December 2007 to August 8, 2011. He has been Director at Rocky Mountain Dealerships, Inc. since May 06, 2015. He has over 10 years of financial and accounting experience. He served as Corporate Controller at Hammer Equipment for five years. Prior to joining Hammer Equipment in 2002, he worked at Deloit e & Touche LLP, Chartered Accountants in Calgary, Alberta where in 2000 he earned his Chartered Accountant designation. At ended the University of Lethbridge, Mr. Ganden received his Bachelor of Management in 1997.

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

Average tenure and age of the Rocky Mountain Dealerships management team in years:

4.9
Average Tenure
61
Average Age
  • The tenure for the Rocky Mountain Dealerships management team is about average.
Management Team

Garrett Andrew Ganden

TITLE
CEO, President & Director
COMPENSATION
CA$607K
AGE
43
TENURE
4.9 yrs

Derek Stimson

TITLE
Co-founder & Vice Chairman
COMPENSATION
CA$200K
AGE
71

Jim Wood

TITLE
Chief Sales & Operations Officer
COMPENSATION
CA$436K
TENURE
3 yrs

Jay Palmer

TITLE
General Counsel & Corporate Secretary
COMPENSATION
CA$268K
TENURE
9.2 yrs

Jerry Schiefelbein

TITLE
Chief Financial Officer
AGE
61

Tom Cuthbertson

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Rocky Mountain Dealerships board of directors in years:

4.5
Average Tenure
64
Average Age
  • The tenure for the Rocky Mountain Dealerships board of directors is about average.
Board of Directors

Matt Campbell

TITLE
Chairman of the Board
COMPENSATION
CA$253K
AGE
68
TENURE
9 yrs

Garrett Andrew Ganden

TITLE
CEO, President & Director
COMPENSATION
CA$607K
AGE
43
TENURE
4.7 yrs

Derek Stimson

TITLE
Co-founder & Vice Chairman
COMPENSATION
CA$200K
AGE
71
TENURE
4.9 yrs

Rob Mackay

TITLE
Independent Director
COMPENSATION
CA$113K
AGE
63
TENURE
6.7 yrs

Bill DeJong

TITLE
Independent Director
COMPENSATION
CA$94K
AGE
61
TENURE
4.3 yrs

Bob Herdman

TITLE
Independent Director
COMPENSATION
CA$97K
AGE
68
TENURE
2 yrs

Scott Tannas

TITLE
Lead Director
COMPENSATION
CA$101K
AGE
57
TENURE
3.7 yrs

Cam Crawford

TITLE
Independent Director
COMPENSATION
CA$93K
AGE
65
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Sep 19 Buy Derek Stimson Individual 16. Sep 19 16. Sep 19 4,200 $5.40 $22,677
14. Mar 19 Buy Cameron Crawford Individual 14. Mar 19 14. Mar 19 1,300 $6.57 $8,546
X
Management checks
We assess Rocky Mountain Dealerships'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. Rocky Mountain Dealerships 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.

RCKX.F News

Simply Wall St News

RCKX.F Company Info

Description

Rocky Mountain Dealerships Inc., through its subsidiaries, sells, rents, leases, and provides support services for new and used agriculture and industrial equipment primarily in Canada and the United States. The company primarily provides utility tractors, harvesters, sprayers, articulated 4 wheel-drive tractors, skid steer loaders, excavators, wheel loaders, graders, and equipment for maintaining barns and feedlots. It also collects geomatics and geospatial survey data using unmanned aerial vehicles or drones. In addition, the company offers third party finance and insurance products; and product support services, such as selling replacement parts, as well as mobile/on-site, and repair and maintenance services. It offers products of various brands, such as Case IH Agriculture, Case Construction, New Holland, Bourgault, Seed Hawk, MacDon, and Claas through its store and online. As of March 13, 2019, the company operated a dealership network of 37 branches under the Rocky Mountain Equipment, RME Geomatics, and RME Deal Zone USA trade name in Alberta, Manitoba, and Saskatchewan. Rocky Mountain Dealerships Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Details
Name: Rocky Mountain Dealerships Inc.
RCKX.F
Exchange: OTCPK
Founded: 1949
CA$98,126,627
19,256,838
Website: http://www.rockymtn.com
Address: Rocky Mountain Dealerships Inc.
3345 8th Street SE,
Suite 301,
Calgary,
Alberta, T2G 3A4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX RME Common Shares The Toronto Stock Exchange CA CAD 20. Dec 2007
OTCPK RCKX.F Common Shares Pink Sheets LLC US USD 20. Dec 2007
Number of employees
Current staff
Staff numbers
0
Rocky Mountain Dealerships employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 00:59
End of day share price update: 2020/01/24 00:00
Last estimates confirmation: 2020/01/27
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
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.