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RECTICEL (RECT.BR) Stock Fundamental Analysis

EBR:RECT - Euronext Brussels - BE0003656676 - Common Stock - Currency: EUR

10.28  -0.14 (-1.34%)

Fundamental Rating

4

Taking everything into account, RECT scores 4 out of 10 in our fundamental rating. RECT was compared to 21 industry peers in the Building Products industry. The financial health of RECT is average, but there are quite some concerns on its profitability. RECT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year RECT was profitable.
RECT had a positive operating cash flow in the past year.
RECT had positive earnings in each of the past 5 years.
In the past 5 years RECT always reported a positive cash flow from operatings.
RECT.BR Yearly Net Income VS EBIT VS OCF VS FCFRECT.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M 100M

1.2 Ratios

RECT has a Return On Assets (2.58%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 4.09%, RECT is in line with its industry, outperforming 42.86% of the companies in the same industry.
RECT has a worse Return On Invested Capital (2.62%) than 71.43% of its industry peers.
The Average Return On Invested Capital over the past 3 years for RECT is significantly below the industry average of 9.07%.
Industry RankSector Rank
ROA 2.58%
ROE 4.09%
ROIC 2.62%
ROA(3y)2.99%
ROA(5y)4.61%
ROE(3y)6.36%
ROE(5y)10.34%
ROIC(3y)2.83%
ROIC(5y)2.72%
RECT.BR Yearly ROA, ROE, ROICRECT.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

The Profit Margin of RECT (2.97%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of RECT has declined.
With a Operating Margin value of 3.20%, RECT is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of RECT has declined.
RECT has a Gross Margin of 17.13%. This is amonst the worse of the industry: RECT underperforms 90.48% of its industry peers.
In the last couple of years the Gross Margin of RECT has declined.
Industry RankSector Rank
OM 3.2%
PM (TTM) 2.97%
GM 17.13%
OM growth 3Y-24.16%
OM growth 5YN/A
PM growth 3Y-37.05%
PM growth 5YN/A
GM growth 3Y-3.23%
GM growth 5YN/A
RECT.BR Yearly Profit, Operating, Gross MarginsRECT.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 5 10 15

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), RECT is destroying value.
Compared to 1 year ago, RECT has more shares outstanding
Compared to 1 year ago, RECT has a worse debt to assets ratio.
RECT.BR Yearly Shares OutstandingRECT.BR Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
RECT.BR Yearly Total Debt VS Total AssetsRECT.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

RECT has an Altman-Z score of 2.93. This is not the best score and indicates that RECT is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.93, RECT is doing good in the industry, outperforming 71.43% of the companies in the same industry.
RECT has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.10, RECT belongs to the best of the industry, outperforming 90.48% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Altman-Z 2.93
ROIC/WACC0.35
WACC7.43%
RECT.BR Yearly LT Debt VS Equity VS FCFRECT.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 100M 200M 300M 400M

2.3 Liquidity

A Current Ratio of 2.12 indicates that RECT has no problem at all paying its short term obligations.
The Current ratio of RECT (2.12) is better than 85.71% of its industry peers.
A Quick Ratio of 1.74 indicates that RECT should not have too much problems paying its short term obligations.
RECT has a better Quick ratio (1.74) than 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 2.12
Quick Ratio 1.74
RECT.BR Yearly Current Assets VS Current LiabilitesRECT.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 200M 400M 600M

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6

3. Growth

3.1 Past

RECT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 395.96%, which is quite impressive.
RECT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -30.42% yearly.
The Revenue has grown by 15.26% in the past year. This is quite good.
RECT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.75% yearly.
EPS 1Y (TTM)395.96%
EPS 3Y-30.42%
EPS 5YN/A
EPS Q2Q%509.04%
Revenue 1Y (TTM)15.26%
Revenue growth 3Y10.75%
Revenue growth 5YN/A
Sales Q2Q%18.33%

3.2 Future

The Earnings Per Share is expected to grow by 30.52% on average over the next years. This is a very strong growth
Based on estimates for the next years, RECT will show a quite strong growth in Revenue. The Revenue will grow by 8.29% on average per year.
EPS Next Y36.63%
EPS Next 2Y30.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.81%
Revenue Next 2Y7.47%
Revenue Next 3Y8.29%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
RECT.BR Yearly Revenue VS EstimatesRECT.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
RECT.BR Yearly EPS VS EstimatesRECT.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 32.13, RECT can be considered very expensive at the moment.
RECT's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of RECT to the average of the S&P500 Index (26.34), we can say RECT is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 21.44, the valuation of RECT can be described as rather expensive.
RECT's Price/Forward Earnings is on the same level as the industry average.
RECT's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 32.13
Fwd PE 21.44
RECT.BR Price Earnings VS Forward Price EarningsRECT.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

RECT's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.24
RECT.BR Per share dataRECT.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as RECT's earnings are expected to grow with 30.52% in the coming years.
PEG (NY)0.88
PEG (5Y)N/A
EPS Next 2Y30.52%
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

RECT has a Yearly Dividend Yield of 1.99%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.95, RECT pays a bit more dividend than its industry peers.
RECT's Dividend Yield is comparable with the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 1.99%

5.2 History

On average, the dividend of RECT grows each year by 8.91%, which is quite nice.
Dividend Growth(5Y)8.91%
Div Incr Years0
Div Non Decr Years2
RECT.BR Yearly Dividends per shareRECT.BR Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.1 0.2 0.3

5.3 Sustainability

RECT pays out 95.65% of its income as dividend. This is not a sustainable payout ratio.
RECT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP95.65%
EPS Next 2Y30.52%
EPS Next 3YN/A
RECT.BR Yearly Income VS Free CF VS DividendRECT.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M 100M
RECT.BR Dividend Payout.RECT.BR Dividend Payout, showing the Payout Ratio.RECT.BR Dividend Payout.PayoutRetained Earnings

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RECTICEL

EBR:RECT (6/19/2025, 7:00:00 PM)

10.28

-0.14 (-1.34%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)04-29 2025-04-29
Earnings (Next)08-29 2025-08-29
Inst Owners23.28%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap582.36M
Analysts78.33
Price Target14.04 (36.58%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.99%
Yearly Dividend0.31
Dividend Growth(5Y)8.91%
DP95.65%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.24%
PT rev (3m)1.47%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-8.2%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.53%
Valuation
Industry RankSector Rank
PE 32.13
Fwd PE 21.44
P/S 0.95
P/FCF N/A
P/OCF 26.35
P/B 1.31
P/tB 2
EV/EBITDA 10.24
EPS(TTM)0.32
EY3.11%
EPS(NY)0.48
Fwd EY4.66%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)0.39
OCFY3.8%
SpS10.77
BVpS7.83
TBVpS5.13
PEG (NY)0.88
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 2.58%
ROE 4.09%
ROCE 3.5%
ROIC 2.62%
ROICexc 3.45%
ROICexgc 5.4%
OM 3.2%
PM (TTM) 2.97%
GM 17.13%
FCFM N/A
ROA(3y)2.99%
ROA(5y)4.61%
ROE(3y)6.36%
ROE(5y)10.34%
ROIC(3y)2.83%
ROIC(5y)2.72%
ROICexc(3y)3.69%
ROICexc(5y)3.43%
ROICexgc(3y)5.5%
ROICexgc(5y)4.63%
ROCE(3y)3.98%
ROCE(5y)3.81%
ROICexcg growth 3Y8.33%
ROICexcg growth 5YN/A
ROICexc growth 3Y-4.16%
ROICexc growth 5YN/A
OM growth 3Y-24.16%
OM growth 5YN/A
PM growth 3Y-37.05%
PM growth 5YN/A
GM growth 3Y-3.23%
GM growth 5YN/A
F-Score6
Asset Turnover0.87
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Debt/EBITDA 0.92
Cap/Depr 92.91%
Cap/Sales 4.67%
Interest Coverage 12.16
Cash Conversion 44.05%
Profit Quality N/A
Current Ratio 2.12
Quick Ratio 1.74
Altman-Z 2.93
F-Score6
WACC7.43%
ROIC/WACC0.35
Cap/Depr(3y)84.02%
Cap/Depr(5y)70.1%
Cap/Sales(3y)3.66%
Cap/Sales(5y)3.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)395.96%
EPS 3Y-30.42%
EPS 5YN/A
EPS Q2Q%509.04%
EPS Next Y36.63%
EPS Next 2Y30.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.26%
Revenue growth 3Y10.75%
Revenue growth 5YN/A
Sales Q2Q%18.33%
Revenue Next Year8.81%
Revenue Next 2Y7.47%
Revenue Next 3Y8.29%
Revenue Next 5YN/A
EBIT growth 1Y22.47%
EBIT growth 3Y-16.01%
EBIT growth 5YN/A
EBIT Next Year181.95%
EBIT Next 3Y56.68%
EBIT Next 5YN/A
FCF growth 1Y-124.97%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-52.87%
OCF growth 3Y-41.91%
OCF growth 5YN/A