Added to YB: 2025-06-05
Pitch date: 2025-04-16
RWC.AX [bullish]
Reliance Worldwide Corporation Limited
+0.7%
current return
Author Info
No bio for this author
Company Info
Reliance Worldwide Corporation Limited, together with its subsidiaries, engages in the design, manufacture, and supply of water flow, control, and monitoring products and solutions for plumbing and heating industries.
Market Cap
AUD 2.2B
Pitch Price
AUD 3.78
Price Target
13.20 (+242%)
Dividend
1.66%
EV/EBITDA
9.43
P/E
17.76
EV/Sales
2.02
Sector
Building Products
Category
value
Reliance Worldwide Corporation Limited - $RWC.AX
RWC.AX: Top plumbing manufacturer at 30-40% discount to peers. SharkBite PTC fittings dominate US market (70%+ share), driving 25%+ ROIC. 70% US business but Australian-listed creates valuation gap. Potential US listing catalyst. 4% organic growth + margin expansion + M&A = $0.37 EPS by 2029 (vs $0.19). PT A$13.20 in 4 years (22x P/E).
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