At US$244, Is RBC Bearings Incorporated (NYSE:RBC) Worth Looking At Closely?
Apr 23
U.S. Machinery Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies175
- 7D-2.4%
- 3M8.7%
- 1Y26.7%
- YTD7.6%
Over the last 7 days, the Machinery industry has dropped 2.4%, driven by a pullback from PACCAR of 4.2%. Over the past 12 months, the industry was up 27%. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the U.S. Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | US$1.0t | US$478.1b | US$48.2b | 22.8x | 21x | 2.1x |
| Fri, 22 Mar 2024 | US$1.0t | US$476.8b | US$48.0b | 23.5x | 21.7x | 2.2x |
| Sun, 18 Feb 2024 | US$975.9b | US$476.7b | US$47.4b | 22.9x | 20.6x | 2x |
| Tue, 16 Jan 2024 | US$939.8b | US$485.5b | US$47.8b | 22.2x | 19.7x | 1.9x |
| Thu, 14 Dec 2023 | US$907.4b | US$485.1b | US$47.8b | 21.8x | 19x | 1.9x |
| Sat, 11 Nov 2023 | US$834.3b | US$484.4b | US$47.2b | 19.9x | 17.7x | 1.7x |
| Mon, 09 Oct 2023 | US$865.8b | US$475.1b | US$44.4b | 19.6x | 19.5x | 1.8x |
| Wed, 06 Sep 2023 | US$915.4b | US$475.1b | US$44.5b | 20.1x | 20.6x | 1.9x |
| Fri, 04 Aug 2023 | US$950.6b | US$472.5b | US$43.4b | 20.7x | 21.9x | 2x |
| Sun, 02 Jul 2023 | US$906.9b | US$459.8b | US$40.2b | 20.6x | 22.6x | 2x |
| Tue, 30 May 2023 | US$802.7b | US$460.8b | US$40.4b | 18x | 19.9x | 1.7x |
| Thu, 27 Apr 2023 | US$799.5b | US$446.7b | US$38.4b | 19.2x | 20.8x | 1.8x |
| Sat, 25 Mar 2023 | US$802.5b | US$442.9b | US$38.1b | 21.4x | 21.1x | 1.8x |
| Mon, 20 Feb 2023 | US$883.5b | US$441.5b | US$38.2b | 23.7x | 23.2x | 2x |
| Wed, 18 Jan 2023 | US$860.8b | US$439.6b | US$36.4b | 23.2x | 23.6x | 2x |
| Fri, 16 Dec 2022 | US$808.7b | US$439.1b | US$35.8b | 20.4x | 22.6x | 1.8x |
| Sun, 13 Nov 2022 | US$826.4b | US$434.9b | US$35.8b | 21.9x | 23.1x | 1.9x |
| Tue, 11 Oct 2022 | US$702.5b | US$422.4b | US$35.4b | 18.8x | 19.8x | 1.7x |
| Thu, 08 Sep 2022 | US$721.5b | US$421.8b | US$35.4b | 19x | 20.4x | 1.7x |
| Sat, 06 Aug 2022 | US$757.2b | US$419.3b | US$35.5b | 22.4x | 21.3x | 1.8x |
| Mon, 04 Jul 2022 | US$676.2b | US$410.4b | US$35.4b | 20.2x | 19.1x | 1.6x |
| Wed, 01 Jun 2022 | US$759.9b | US$409.8b | US$35.6b | 21.8x | 21.4x | 1.9x |
| Fri, 29 Apr 2022 | US$768.9b | US$403.3b | US$36.5b | 21.6x | 21x | 1.9x |
| Sun, 27 Mar 2022 | US$840.4b | US$402.5b | US$36.1b | 26.1x | 23.3x | 2.1x |
| Tue, 22 Feb 2022 | US$815.0b | US$402.4b | US$36.6b | 27.3x | 22.3x | 2x |
| Thu, 20 Jan 2022 | US$880.4b | US$397.3b | US$36.3b | 28.3x | 24.2x | 2.2x |
| Sat, 18 Dec 2021 | US$858.7b | US$397.1b | US$36.3b | 28.8x | 23.7x | 2.2x |
| Mon, 15 Nov 2021 | US$915.9b | US$395.6b | US$35.7b | 31x | 25.7x | 2.3x |
| Wed, 13 Oct 2021 | US$826.4b | US$384.2b | US$32.6b | 28.7x | 25.4x | 2.2x |
| Fri, 10 Sep 2021 | US$875.4b | US$387.6b | US$32.7b | 29.5x | 26.8x | 2.3x |
| Sun, 08 Aug 2021 | US$888.3b | US$384.7b | US$31.5b | 29.7x | 28.2x | 2.3x |
| Sat, 01 May 2021 | US$886.5b | US$355.0b | US$25.2b | 33.8x | 35.2x | 2.5x |
Price to Earnings Ratio
35.2x
Current Industry PE
- Investors are relatively neutral on the American Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 23.1x.
- The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 10% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | -3.18% | |
| Industrials | -2.33% | |
| Machinery | -2.39% | |
| Agricultural Machinery | 0.10% | |
| Industrial Machinery | -2.33% | |
| Construction Machinery and Vehicles | -3.52% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 29.3x.
- Analysts are expecting annual earnings growth of 18.1%, which is higher than its past year's earnings growth of 5.5% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 17.0x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings growth rate of 5.5% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings decline by 5.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CAT Caterpillar | US$363.25 | 0.9% +US$1.7b | 66.1% | PE17.6x | |
| DE Deere | US$397.21 | 1.1% +US$1.2b | 4.7% | PE11.1x | |
| PH Parker-Hannifin | US$550.40 | 1.2% +US$803.9m | 73.6% | PE26.8x | |
| XYL Xylem | US$130.72 | 2.1% +US$657.6m | 27.0% | PE51.9x | |
| MLI Mueller Industries | US$57.44 | 10.3% +US$607.9m | 62.2% | PE11.5x |
