RH

FRA : RS1
USA·Consumer Cyclical·Retail - Cyclical·Class A
€100.00
−12.00 (−8.51%)Oct 16 close
Market Cap
€1.88B
Enterprise Value
€5.27B
P/E (TTM)
29.58
P/B
50.87
Net Cash / (Debt)
−€3.39B
52-Week Range
€91 — €199
5-Year Range
€91 — €582
Avg Volume (3M)
35

RH sells high-end furniture, lighting, textiles, and home decor to affluent consumers through large-format gallery showrooms and its website. It also operates about 24 restaurants and a small hotel (RH Guesthouse) attached to some locations. Revenue comes primarily from furniture and home furnishing sales, with hospitality as a smaller but growing segment. The company also owns Waterworks, a luxury bath fixtures brand targeting designers and high-end renovators.

Employees7,230IPOFeb 11, 2012SIC5712HQ15 Koch Road, Corte Madera, CA, USA, 94925
to

Financials (EUR)

Profitability

Metric
Current
Margins
Gross Margin
43.5%
Operating Margin
10.7%
EBITDA Margin
15.2%
Net Margin
3.0%
OCF Margin
12.2%
FCF Margin
6.8%
Returns on Capital
ROE
—
ROA
2.2%
ROIC
6.1%
ROCE
9.6%
ROC (Greenblatt)
11.3%
3Y ROIIC
−46.2%
Consistency
Years Profitable / 10Y
9

Valuation

Metric
Current
Earnings Multiples
P/E (TTM)
29.58
Forward P/E
33.49
P/E ex-NRI
36.27
Shiller P/E (CAPE)
15.83
Cash Flow Multiples
P/FCF
13.05
P/OCF
7.19
P/Owner Earnings
—
FCF Yield
7.98%
Enterprise Value Multiples
EV / EBIT
18.66
EV / Forward EBIT
20.68
EV / EBITDA
13.20
EV / Forward EBITDA
13.57
EV / Revenue
2.00
EV / Forward Revenue
1.90
Asset / Sales
P/S
0.87
P/B
50.87
P/Tangible Book
—
Growth-Adjusted
PEG
25.91

Capital Returns

Metric
Current
Dividends
Dividend Yield (TTM)
0.00%
Forward Dividend Yield
0.00%
3Y Dividend Growth
0.0%
Payout Ratio
0.00
5Y Yield on Cost
0.00%
Buybacks & Dilution
3Y Buyback Ratio
5.10%
Combined
Shareholder Yield
−3.32%

Balance Sheet

Metric
Current
Leverage
Debt / Equity
70.60
Gross Debt / EBITDA
7.73
Cash / Debt
0.01
Equity / Assets
0.01
Coverage
Interest Coverage
1.64
Short-Term Liquidity
Current Ratio
1.13
Quick Ratio
0.32
Cash Ratio
0.05
Composite Scores
Piotroski F-Score
6
Altman Z-Score
1.21

5-Step DuPont Analysis

ROE %
-352.00%
Net Margin %
3.00%
Operating Margin %
10.68%
Operating Income
€313M
÷
Revenue
€2.93B
×
Tax Burden
0.7097
Net Income
€88M
÷
Pretax Income
€124M
×
Interest Burden
0.3962
Pretax Income
€124M
÷
Operating Income
€313M
×
Asset Turnover
0.70
Revenue
€2.93B
÷
Average Total Assets
€4.18B
Begin Total Assets
€4.14B
End Total Assets
€4.23B
×
Equity Multiplier
-167.38
Avg Total Assets
€4.18B
÷
Avg Stockholders Equity
−€25M
Begin Equity
−€99M
End Equity
€49M