Rhi Magnesita N.v.

10.00 (0.39%)
Share Name Share Symbol Market Type Share ISIN Share Description
Rhi Magnesita N.v. LSE:RHIM London Ordinary Share NL0012650360 ORD EUR1.00 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  10.00 0.39% 2,560.00 39,329 16:35:26
Bid Price Offer Price High Price Low Price Open Price
2,546.00 2,550.00 2,562.00 2,502.00 2,502.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Building Materials Div'd 3,317.20 155.70 349.40 732.68 1,203.65
Last Trade Time Trade Type Trade Size Trade Price Currency
17:54:17 O 35 2,559.744 GBX

Rhi Magnesita N.v (RHIM) Latest News

Rhi Magnesita N.v (RHIM) Discussions and Chat

Rhi Magnesita N.v Forums and Chat

Date Time Title Posts
31/5/202309:41rhi magnesita valuation11

Add a New Thread

Rhi Magnesita N.v (RHIM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-09 16:54:182,559.7435895.91O
2023-06-09 16:50:572,560.0010256.00O
2023-06-09 16:25:352,559.471102,815.42O
2023-06-09 16:19:212,557.981253,197.47O
2023-06-09 16:06:522,557.2871718,335.66O

Rhi Magnesita N.v (RHIM) Top Chat Posts

Top Posts
Posted at 31/5/2023 09:41 by arja
As a stock where NO stamp duty payable I keep an eye on it for a day trade or a short term trading opportunity . But I fail to understand why they would offer well above market price and is it just a proposal or will they definitely take a stake ? I do not follow it that closely obviously :) . I notice the share price pulled back today !
Posted at 30/5/2023 16:31 by typo56
It was in an RNS at 07:32, just not tagged to RHIM
Posted at 30/5/2023 08:32 by typo56
Ignite Luxembourg Holdings, a company indirectly managed by Rhone Holdings VI, offered to buy a 20% stake in RHI Magnesita at GBP28.5 per share in cash, a 39% premium to the stock's close on Friday. Rhone said it aims to buy a non-controlling minority stake in Vienna-based supplier of refractory products. The offer values all of RHI Magnesita at GBP1.34 billion, or at GBP1.38 billion including a dividend recently declared by RHI Magnesita.
Posted at 30/5/2023 08:30 by typo56
Rhone Holdings offers £28.5 per share for 20% of RHI Magnesita
Posted at 29/3/2023 22:25 by daemonfunds
another acquisition, another comparator with target being purchased on 7.65x TTM net income. applying the same to RHI Magnesita's own TTN net income €167 and using current gbpeur 1.1357, we see current actual market cap very marginally under implied mkt cap. so they're still allocating capital in intelligent ways (from the press release: additional products within the Group's heat management solutions offering and from cross-selling, procurement and logistics benefits) and not paying over the odds for the same. growth prospects still look good, and margins still holding up. IMO holders should look to continue to accumulate into this current price weakness to target portfolio weight. those not holding could wait for further weakness to provide even m ore attractive entry points.
Posted at 13/1/2023 23:30 by daemonfunds
Acquisition of Jinan New Emei announced today, with RHIM paying 293mio yuan for 65% of pre-tax income of 33 mio yuan (some of the cost of this part of the acquisition is deferred, and the full purchase of the remainder is dependent on Jinan meeting hurdles). The numbers imply a 450mio yuan purchase price for 100% of the company down the line, where total assets are 829mio yuan. Take that with a grain of salt as we are talking about a Chinese company - make it 700mio yuan gross assets. Implies a price to total assets of 0.65x - RHIM's own total assets were last reported at 3.914bio eur, implying a target market cap of 2.544bio eur. Given Jinan's last year's pre-tax income, the purchase price implies a multiple of 13.65x - applying to RHIM's own last reported 2021 FY annual pre-tax income is unrealistic so we'll apply to it a lower 200mio eur, giving 2.73bio eur. We can see where RHIM value themselves. So where are we now - mkt cap today at 1.16bio gbp or 1.31bio eur. Total debt at 1.6bio eur (assuming they need all their cash to fund operations, maintenance capex, etc.). EV is 2.9bio eur. Average EBITDA has been about 350mio eur over last few years (thanks Morningstar), while capex has ramped up destroying FCF. EV/EBITDA just over 8.25x. Total debt looks high at 4x leverage on unaadjusted basis, though seems interest rates are locked in for a few more years. Fragmented industry with acquisition potential as recession and higher interest rates expected over next two years squeeze the competition. Assume they maintain their growth at 5% as they acquire, gain market share through competitive advantages (lower costs, software integration at clients, etc.). If margins stay where they are (15% EBITDA given about 5% annual depreciation), end 2024 numbers (they are just about to report end 2022) could be looking at 3bio eur revenue, with 450mio eur EBITDA, which at same EV/EBITDA as today gives 3.73bio eur EV, less 1.73bio eur debt (assume some movement towards management's target leverage ratio and some take on to fund acquisitions), gives ~2bio eur potential mkt cap - about a 25% CAGR from where we are at the moment. so with no movement in valuation multiples, not counting dividends, assuming management can leverage prime position in a fragmented industry (organic market share gains as recently demonstrated, as well as acquisitions of distressed competitors), the company could be on their way to where their Jinan acquisition multiples imply in early 2025. What's the downside risks? Debt management is misjudged as we enter into a severe recession and they are forced into bankruptcy and a fire sale of assets? If so, as at end 2021 reported numbers - cash = 580, inventories 976*75%, trade and other receivables 568*50%, PPE 1089*75% = 2412mio eur, less 1.6bio eur total debt = 800mio eur versus 1.31bio eur market cap. 500 downside versus 700 upside. the downside is quite extreme while the upside is only a little optimistic (IMO) so let's give the upside a two thirds probability. Full Kelly would tell you to put ~40% of your portfolio in it. Key acronym? IMO...
Rhi Magnesita N.v share price data is direct from the London Stock Exchange
Your Recent History
Rhi Magnes..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: D: 20230610 02:16:37