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RB Global Inc RBA

Morningstar Rating
$76.19 −0.55 (0.72%)
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Company Report

RB Global: We See a Recent Market Share Loss Challenging IAA, but Heavy Equipment Remains Solid

RB Global provides auction and marketplace services for used heavy equipment. The company’s strong auction liquidity attracts both buyers and sellers to its network. We believe RB Global will continue to be the top player in the industrial asset disposition market. The network effects present in its business have consistently delivered higher average selling prices for consignors (or sellers) and provided buyers a wide range of equipment to choose from. For both parties, RB Global drives significant amount of value, which has allowed it to monetize its network effects and develop a strong competitive positioning.

Price vs Fair Value

RBA is trading at a 41% premium.
Price
$76.19
Fair Value
$74.00
Uncertainty
Medium
1-Star Price
$22.30
5-Star Price
$97.30
Economic Moat
Kyxknz
Capital Allocation
Nsnyxnbp

Bulls Say, Bears Say

Bulls

Increasing construction activity could lead equipment owners to buy new machines and sell their used equipment through RB Global's auctions, substantially boosting revenue growth.

Bears

Equipment owners could continue to hold back on putting their assets up for sale, which would result in RB Global’s auction liquidity being constrained.

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News

Trading Information

Previous Close Price
$76.74
Day Range
$75.4476.87
52-Week Range
$51.0777.99
Bid/Ask
$74.31 / $77.61
Market Cap
$13.93 Bil
Volume/Avg
1.1 Mil / 945,631

Key Statistics

Price/Earnings (Normalized)
34.34
Price/Sales
4.70
Dividend Yield (Trailing)
1.42%
Dividend Yield (Forward)
1.42%
Total Yield
1.42%

Company Profile

RB Global operates the world’s largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment; since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.
Sector
Industrials
Industry
Specialty Business Services
Stock Style Box
Mid Growth
Total Number of Employees
9,600

Competitors

Valuation

Metric
RBA
EBAY
URI
Price/Earnings (Normalized)
34.3411.5417.45
Price/Book Value
3.683.955.89
Price/Sales
4.702.583.41
Price/Cash Flow
25.1710.3310.80
Price/Earnings
RBA
EBAY
URI

Financial Strength

Metric
RBA
EBAY
URI
Quick Ratio
0.982.260.71
Current Ratio
1.352.440.81
Interest Coverage
2.2214.326.06
Quick Ratio
RBA
EBAY
URI

Profitability

Metric
RBA
EBAY
URI
Return on Assets (Normalized)
5.38%10.91%7.58%
Return on Equity (Normalized)
13.00%40.21%25.43%
Return on Invested Capital (Normalized)
7.87%16.36%11.86%
Return on Assets
RBA
EBAY
URI
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