Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

RB Global, Inc. (RBA)

Company Dividend Discount ModelIndustry: Specialty Business ServicesSector: Industrials

Valuation Snapshot

Stable Growth$71.66 - $306.37$124.05
Multi-Stage$45.39 - $49.55$47.43
Blended Fair Value$85.74
Current Price$108.36
Upside-20.87%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.07%13.53%1.101.600.620.560.490.440.410.390.380.34
YoY Growth---30.87%158.68%10.98%13.15%11.15%9.06%3.97%3.30%9.51%11.07%
Dividend Yield--1.10%2.08%1.10%0.94%0.84%1.29%1.17%1.24%1.15%1.27%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)437.20
(-) Cash Dividends Paid (M)227.90
(=) Cash Retained (M)209.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)87.4454.6532.79
Cash Retained (M)209.30209.30209.30
(-) Cash Required (M)-87.44-54.65-32.79
(=) Excess Retained (M)121.86154.65176.51
(/) Shares Outstanding (M)186.53186.53186.53
(=) Excess Retained per Share0.650.830.95
LTM Dividend per Share1.221.221.22
(+) Excess Retained per Share0.650.830.95
(=) Adjusted Dividend1.882.052.17
WACC / Discount Rate8.26%8.26%8.26%
Growth Rate5.50%6.50%7.50%
Fair Value$71.66$124.05$306.37
Upside / Downside-33.87%14.48%182.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)437.20465.62495.88528.12562.44599.00616.97
Payout Ratio52.13%59.70%67.28%74.85%82.43%90.00%92.50%
Projected Dividends (M)227.90277.98333.61395.30463.60539.10570.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.26%8.26%8.26%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)254.36256.77259.18
Year 2 PV (M)279.32284.64290.01
Year 3 PV (M)302.85311.54320.40
Year 4 PV (M)324.99337.49350.34
Year 5 PV (M)345.80362.51379.85
PV of Terminal Value (M)6,958.547,294.647,643.61
Equity Value (M)8,465.868,847.599,243.39
Shares Outstanding (M)186.53186.53186.53
Fair Value$45.39$47.43$49.55
Upside / Downside-58.12%-56.23%-54.27%

High-Yield Dividend Screener

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