RCR Tomlinson Limited (RCR)
Views and News
Essentials
Recent News Highlights
As at 31/12/2012 : see details at www.rcrtom.com.au (new window? Shift+Click)
| 07/11/2012 2012 AGM, Chairman's Address & MD's Presentation |
| 18/10/2012 Presentation - Macquarie Connections WA Forum 2012 |
| 05/10/2012 2012 Annual Shareholder Review |
| 13/09/2012 Final Share Buy-back Notice |
| 17/01/2012 Awarded Power Generation Contract |
| 22/12/2011 Buy-back notices during December |
| 15/11/2012 Increases Bonding Facility (Total now $123m + $30m multi-option facility) |
Half-yearly Performance & Estimates - RCR
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 607.3 | 333.2 | 808.7 | 388.4 | 875.3 | 1,616 | 1,674 |
| EBITDA, $m | 40.0 | 13.7 | 50.6 | 20.5 | 58.7 | 84.1 | 95.3 |
| EBIT, $m | 26.1 | 13.7 | 35.3 | 20.5 | 43.9 | 62.0 | 73.4 |
| Report NPAT, $m | 19.6 | 8.8 | 27.3 | 16.1 | 37.4 | ||
| Adj. NPAT, $m | 37.4 | 45.7 | 50.8 | ||||
| Reported EPS, ¢ | 15.00 | 7.00 | 20.00 | 12.00 | 28.00 | ||
| Adjusted EPS, ¢ | 28.00 | 33.95 | 38.20 | ||||
| EPS %FY/Growth | 35% | 33% | 43% | 40% | 21% | 13% | |
| Dividend, ¢ | 3.75 | 2.0 | 6.25 | 2.5 | 8.25 | 10.00 | 11.20 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 7% | 0 | 6% | 5% | 7% | 5.2% | 5.7% |
| NPAT Margin | 3% | 0 | 3% | 4% | 4% | 2.8% | 3.0% |
| ROE, % | 9% | 0 | 12% | 7 | 15% | ||
| EBIT/Interest | 6.3 | 0.0 | 36.6 | ****** | -18.86 | ||
| Net Debt / Equity | 0.03 | 0 | -0.20 | -0.23 | -0.34 | ||
| CashFlow/Sh, ¢ | 12.2 | 22.2 | 61.4 | 17.1 | 53.4 | 48.2 | 54.9 |
| Y/E Shares, m | 132.1 | 133.5 | 131.5 | 132.5 | 132.2 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Half-year Performance & Estimates - RCR
| Year-end June | 1H11A | FY11A | 1H12A | FY12A | 1H13A | FY13E | FY14E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 300.5 | 607.3 | 333.2 | 808.7 | 388.4 | 852.0 | 874.0 |
| EBITDA, $m | 18.3 | 40.0 | 13.7 | 50.6 | 20.5 | 59.0 | 60.2 |
| EBIT, $m | 11.1 | 26.1 | 13.7 | 35.3 | 20.5 | 43.0 | 42.4 |
| Report NPAT, $m | 7.0 | 19.6 | 8.8 | 27.3 | 16.1 | ||
| Adj. NPAT, $m | 8.8 | 35.1 | 35.0 | ||||
| Reported EPS, ¢ | 5.00 | 15.00 | 7.00 | 20.00 | 12.00 | ||
| Adjusted EPS, ¢ | 6.50 | 25.00 | 24.00 | ||||
| EPS %FY/Growth | 33% | 35% | 33% | -7% | 25% | -4% | |
| Dividend, ¢ | 0 | 3.75 | 2.0 | 6.25 | 2.5 | 8.50 | 10.00 |
| Franking, % | - | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 6% | 7% | 0 | 6% | 5% | 6.9% | 6.9% |
| NPAT Margin | 3% | 3% | 0 | 3% | 4% | 4.1% | 4.0% |
| ROE, % | 9% | 9% | 0 | 12% | 7% | ||
| EBIT/Interest | 3.8 | 6.3 | 0.0 | 36.6 | ****** | ||
| Net Debt / Equity | 0.11 | 0.03 | 0 | -0.20 | -0.23 | ||
| CashFlow/Sh, ¢ | 6.5 | 12.2 | 22.2 | 61.4 | 17.1 | 33.9 | 35.0 |
| Y/E Shares, m | 131.9 | 132.1 | 133.5 | 131.5 | 132.5 |
| Notes |
| EPS Growth compared with the pcp is shown in most columns, except 1H10A and 1H11A which show the first half % of full year EPS. |
Half-yearly Performance & Estimates - RCR
| Year-end June | FY10A | 1H11A | FY11A | 1H12A | FY12A | FY13E | FY14E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 545.7 | 300.5 | 607.3 | 333.2 | 808.7 | 945.0 | 1,020 |
| EBITDA, $m | 31.2 | 18.3 | 40.0 | 13.7 | 50.6 | 64.0 | 67.6 |
| EBIT, $m | 14.5 | 11.1 | 26.1 | 13.7 | 35.3 | 46.9 | 50.4 |
| Report NPAT, $m | 17.5 | 7.0 | 19.6 | 8.8 | 27.3 | ||
| Adj. NPAT, $m | 27.3 | 34.1 | 37.7 | ||||
| Reported EPS, ¢ | 13.00 | 5.00 | 15.00 | 7.00 | 20.00 | ||
| Adjusted EPS, ¢ | 20.00 | 25.30 | 27.00 | ||||
| EPS %FY/Growth | 33% | 15% | 35% | 33% | 27% | 7% | |
| Dividend, ¢ | 3.0 | 0 | 3.75 | 2.0 | 6.25 | 8.20 | 10.00 |
| Franking, % | 100% | - | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 6% | 6% | 7% | 4.1% | 6% | 6.8% | 6.6% |
| NPAT Margin | 3% | 3% | 3% | 2.6% | 3% | 3.6% | 3.7% |
| ROE, % | 9% | 9% | 9% | 12% | |||
| EBIT/Interest | 3.8 | 3.8 | 6.3 | 0.00 | 36.58 | ||
| Net Debt / Equity | 0.11 | 0.11 | 0.03 | 0 | -0.20 | ||
| CashFlow/Sh, ¢ | 18.4 | 6.5 | 12.2 | 22.2 | 61.4 | 30.7 | 34.3 |
| Y/E Shares, m | 131.9 | 131.9 | 132.1 | 133.5 | 131.5 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Company Overview
Russell Research in the media
Stock Picks for The Bull.com.au - 17 December 2012
BUY RCR Tomlinson, RCR ($1.78)
RCR has a strong track record building and maintaining power and steam generation plants. Its expanded into engineering, instrumentation and construction, undertaking projects for Fortescue Metals, BHP Billiton, Newcrest Mining, Woodside Petroleum and others. It ended financial year 2012 with record revenue, profits and a strong order book. It’s trading on an attractive price/earnings ratio of about 7 times and a franked yield of 4.5 per cent.
Wave Chart
Profile
RCR Tomlinson
Rating: ♦
Category: Best Stock ; Midcaps
Action:
Website: www.rcrtom.com.au
| ASX code: | RCR |
| Closing Price, 30/12/2013: | $ 3.565 |
| Market Capitalisation: | $ 469 million |
| 52 Week High: | $ 3.90 |
| 52 Week Low: | $ 1.82 |
| Sector: | Construction & Engineering |
| Index: | S&P/ASX 300 Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 27.3 | 37.4 | 46.7 | 54.0 |
| Reported EPS, ¢ | 20.00 | 28.00 | ||
| Adjusted EPS, ¢ | 27.90 | 34.60 | 39.10 | |
| EPS Growth, % | 33% | 40% | 24% | 13% |
| P/E Ratio, x | 17.83 | 12.78 | 10.30 | 9.12 |
| Dividend, ¢ | 6.25 | 8.25 | 10.00 | 11.00 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 1.75 | 2.31 | 2.81 | 3.09 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 30 December 2013
Other Highlights
| Sector: | Construction & Engineering |
| Return on Equity, FY13 : | 15% |
| Net Debt to Equity, FY13 : | -34 % |
| EBIT / Interest Cover, FY13 : | -18.86 x |
| Gicscode: | 20103010 |
| First Listed: | 15-Nov-96 |
Business Activities
RCR Tomlinson Limited (RCR) is a leading multi-disciplined engineering company. Its four divisions of Mining, Energy, Resources & Power provide materials handling/process equipment solutions and turnkey engineering.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |