Company Valuation: Reliance, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,164 11,881 16,074 14,572 15,104 20,126 - -
Change - 16.9% 35.28% -9.34% 3.65% 33.25% - -
Enterprise Value (EV) 1 11,510 12,356 16,136 15,397 16,308 21,547 20,993 20,569
Change - 7.34% 30.59% -4.58% 5.92% 32.12% -2.57% -2.02%
P/E 7.38x 6.77x 12.4x 17.3x 20.7x 16.9x 17.3x 17.8x
PBR 1.65x - - - 2.08x 2.6x 2.34x -
PEG - 0.2x -0.5x -0.6x -2x 0.3x -8.65x -5.85x
Capitalization / Revenue 0.72x 0.7x 1.09x 1.05x 1.06x 1.14x 1.15x 1.17x
EV / Revenue 0.82x 0.73x 1.09x 1.11x 1.14x 1.22x 1.2x 1.19x
EV / EBITDA 5.25x 4.48x 8.14x 10.6x 12.4x 11.1x 11x 11.2x
EV / EBIT 5.87x 4.91x 9.28x 13x 15.8x 13x 13x 13.4x
EV / FCF 20.5x 6.95x 13.4x 15.4x 32.5x 22.8x 17.4x 21x
FCF Yield 4.89% 14.4% 7.45% 6.49% 3.08% 4.38% 5.75% 4.76%
Dividend per Share 2 2.75 3.5 4 4.4 4.8 4.967 5.197 5.417
Rate of return 1.7% 1.73% 1.43% 1.63% 1.66% 1.26% 1.32% 1.37%
EPS 2 21.97 29.92 22.64 15.56 13.98 23.31 22.85 22.15
Distribution rate 12.5% 11.7% 17.7% 28.3% 34.3% 21.3% 22.7% 24.5%
Net sales 1 14,093 17,025 14,806 13,835 14,294 17,654 17,453 17,228
EBITDA 1 2,192 2,756 1,983 1,456 1,310 1,934 1,908 1,838
EBIT 1 1,962 2,516 1,738 1,187 1,032 1,653 1,619 1,538
Net income 1 1,413 1,840 1,336 875.2 739.4 1,197 1,140 1,097
Net Debt 1 1,346 474.2 62 824.4 1,204 1,421 867.2 442.4
Reference price 2 162.22 202.44 279.68 269.26 288.87 394.21 394.21 394.21
Nbr of stocks (in thousands) 62,655 58,691 57,471 54,120 52,287 51,055 - -
Announcement Date 2/17/22 2/16/23 2/15/24 2/19/25 2/18/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.91x1.22x11.14x1.26% 20.13B
20.91x2.43x11.09x0.67% 4.12B
14.52x0.73x8.97x2.32% 3B
15.05x2.26x7.95x3.34% 1.07B
Average 16.85x 1.66x 9.79x 1.9% 7.08B
Weighted average by Cap. 17.17x 1.38x 10.78x 1.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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