Ritchie Bros Auctioneers Inc.

RBA-T

TSE:RBA

59.22
0.37 (0.62%)
Ritchie Bros. Auctioneers is an industrial auctioneer. The company is headquartered in Burnaby, a suburb of Metro Vancouver, and has 110 locations in 25 countries and 44 auction sites worldwide.
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Analysis and Opinions about RBA-T

Signal
Opinion
Expert
BUY
BUY
March 7, 2018

Pays a modest dividend. Stock has performed well. The auction business is performing well, while a good economy is helping them.

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Pays a modest dividend. Stock has performed well. The auction business is performing well, while a good economy is helping them.

COMMENT
COMMENT
December 19, 2017

He hasn’t done a seasonal analysis on this one. But right now he would like to see this broken down trend. If it keeps going down, why trying to catch a falling knife. You want to see the stock moving sideways preferably and then ask yourself what is the point to get in. Something else is going, on. This stock should have done better this year.

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He hasn’t done a seasonal analysis on this one. But right now he would like to see this broken down trend. If it keeps going down, why trying to catch a falling knife. You want to see the stock moving sideways preferably and then ask yourself what is the point to get in. Something else is going, on. This stock should have done better this year.

BUY
BUY
November 22, 2016

This has been performing like a champ. There has been quite a lot of equipment auctioned off over the last couple of years in Western Canada. It has run up a lot, so it could check back, but there is no reason not to be interested in this company.

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This has been performing like a champ. There has been quite a lot of equipment auctioned off over the last couple of years in Western Canada. It has run up a lot, so it could check back, but there is no reason not to be interested in this company.

PAST TOP PICK
PAST TOP PICK
September 2, 2016

(A Top Pick Sept 8/15. Up 30.34%.) Interesting in that up until a few days ago, he probably would have been down. One of the leading auction houses for industrial equipment. They just did a large transaction where they are buying an online auction house for $750 million, and financing it primarily with debt and cash on hand.

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(A Top Pick Sept 8/15. Up 30.34%.) Interesting in that up until a few days ago, he probably would have been down. One of the leading auction houses for industrial equipment. They just did a large transaction where they are buying an online auction house for $750 million, and financing it primarily with debt and cash on hand.

HOLD
HOLD
August 18, 2016

(Market Call Minute) He needs to do more work on it.

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(Market Call Minute) He needs to do more work on it.

COMMENT
COMMENT
June 29, 2016

Because of the uniqueness of the company, it has always been very expensive. This goes with cycles when there is used equipment on the market and there are liquidations, etc. Growing globally, and Canada is just a small part of their operations. Wait for a significant miss or earnings warning before buying this.

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Because of the uniqueness of the company, it has always been very expensive. This goes with cycles when there is used equipment on the market and there are liquidations, etc. Growing globally, and Canada is just a small part of their operations. Wait for a significant miss or earnings warning before buying this.

PAST TOP PICK
PAST TOP PICK
April 1, 2016

(A Top Pick May 14/15. Up 3.6%.) A little expensive on a PE and Price to Book basis, but has very little debt. Really good free cash flow. Dividend yield of around 2.6%.

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(A Top Pick May 14/15. Up 3.6%.) A little expensive on a PE and Price to Book basis, but has very little debt. Really good free cash flow. Dividend yield of around 2.6%.

COMMENT
COMMENT
March 21, 2016

The issue here is really the volumes and the used equipment pricing for most of their heavy equipment they sell. Expects there is further pressure for their volumes to come down. He is Short this, mostly to hedge off some of his Long positions. Thinks the stock is near the top in its valuations and he is looking for a 10% drop.

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The issue here is really the volumes and the used equipment pricing for most of their heavy equipment they sell. Expects there is further pressure for their volumes to come down. He is Short this, mostly to hedge off some of his Long positions. Thinks the stock is near the top in its valuations and he is looking for a 10% drop.

PAST TOP PICK
PAST TOP PICK
February 12, 2016

(A Top Pick Sept 8/15. Down 9.87%.) Hasn’t worked out as well, but is still one of his largest holdings in 2 of his funds. Ironically, as markets get harder, auctioneers’ volumes of resales actually pick up. Great balance sheet with no net debt. Score in the top 10% for him on valuation.

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(A Top Pick Sept 8/15. Down 9.87%.) Hasn’t worked out as well, but is still one of his largest holdings in 2 of his funds. Ironically, as markets get harder, auctioneers’ volumes of resales actually pick up. Great balance sheet with no net debt. Score in the top 10% for him on valuation.

PAST TOP PICK
PAST TOP PICK
February 5, 2016

(A Top Pick May 14/15. Down 6. 76 %.) This is still a Buy. Has a free cash flow to enterprise value of over 11%. Very low debt level and a healthy dividend.

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(A Top Pick May 14/15. Down 6. 76 %.) This is still a Buy. Has a free cash flow to enterprise value of over 11%. Very low debt level and a healthy dividend.

HOLD
HOLD
November 18, 2015

(Market Call Minute) He is watching it. It is a good business and will benefit from a weaker or stronger economy.

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(Market Call Minute) He is watching it. It is a good business and will benefit from a weaker or stronger economy.

TOP PICK
TOP PICK
September 8, 2015

They do a lot of auctions of mining and forestry equipment. Scores high on price momentum and valuation. They beat on their last quarter. The balance sheet is in great shape. A little expensive on a free cash flow basis. The downturns in the industrial sector can actually be good for this company. Dividend yield of 2.4%.

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They do a lot of auctions of mining and forestry equipment. Scores high on price momentum and valuation. They beat on their last quarter. The balance sheet is in great shape. A little expensive on a free cash flow basis. The downturns in the industrial sector can actually be good for this company. Dividend yield of 2.4%.

PAST TOP PICK
PAST TOP PICK
July 22, 2015

(A Top Pick May 14/15. Down 0.14%.) This still rates very well in his ranking and still looks like very good value. Has decent free cash flow of about 6%. They are earning lots of money to cover their interest payments.

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(A Top Pick May 14/15. Down 0.14%.) This still rates very well in his ranking and still looks like very good value. Has decent free cash flow of about 6%. They are earning lots of money to cover their interest payments.

TOP PICK
TOP PICK
May 14, 2015

They sell multimillion dollar items. It is a bit expensive on a PE basis. A clean balance sheet and small debt to equity ratio. They cover their interest by about 25 times. They have had significant earnings announcement surprises to the upside.

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They sell multimillion dollar items. It is a bit expensive on a PE basis. A clean balance sheet and small debt to equity ratio. They cover their interest by about 25 times. They have had significant earnings announcement surprises to the upside.

TOP PICK
TOP PICK
April 24, 2013

This one has gone sideways for about the past 5 years. Although there are no barriers to entrance into their business, they are the largest auctioneer of industrial equipment globally. Thinks they are larger than the next 50 competitors combined. There is about $200 billion of used equipment that transacts every year but they only have about a 2% market share. This gives them a tremendous run way for growth. Just finished a CapX program to build a lot more permanent auction sites so they can now focus on filling those sites and he can see double digit earnings, cash flow and dividend growth. Yield of 2.47%.

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This one has gone sideways for about the past 5 years. Although there are no barriers to entrance into their business, they are the largest auctioneer of industrial equipment globally. Thinks they are larger than the next 50 competitors combined. There is about $200 billion of used equipment that transacts every year but they only have about a 2% market share. This gives them a tremendous run way for growth. Just finished a CapX program to build a lot more permanent auction sites so they can now focus on filling those sites and he can see double digit earnings, cash flow and dividend growth. Yield of 2.47%.

DON'T BUY
DON'T BUY
October 25, 2010
Auctioneers. Well managed and a great business. Part of the problem is that they have to turn assets, which is where they make money. Since stock is not moving much, presumes sales are not going well. Economically sensitive.
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Auctioneers. Well managed and a great business. Part of the problem is that they have to turn assets, which is where they make money. Since stock is not moving much, presumes sales are not going well. Economically sensitive.
DON'T BUY
DON'T BUY
February 22, 2010
(Market Call Minute) P/E too high – not for his clients.
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(Market Call Minute) P/E too high – not for his clients.
DON'T BUY
DON'T BUY
February 9, 2010
Doesn’t follow it closely. Possibly as economy does better, they will do worse because there is less to auction. If you think there is going to be a double dip, then they could profit. Not of interest to him. Stock price is too high.
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Doesn’t follow it closely. Possibly as economy does better, they will do worse because there is less to auction. If you think there is going to be a double dip, then they could profit. Not of interest to him. Stock price is too high.
DON'T BUY
DON'T BUY
January 7, 2010
Auctioneers. Benefits in a weaker economy and recent evidence seems to indicate the economy is more to the upside. If the economy falters there could be a pickup in the auction business.
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Auctioneers. Benefits in a weaker economy and recent evidence seems to indicate the economy is more to the upside. If the economy falters there could be a pickup in the auction business.
COMMENT
COMMENT
July 28, 2009
One of a kind with the auctioneering of Caterpillars. Great company. Looks a little sort of peaked out at the moment for a year and doesn't know why it is flat.
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One of a kind with the auctioneering of Caterpillars. Great company. Looks a little sort of peaked out at the moment for a year and doesn't know why it is flat.
SELL
SELL
March 30, 2009
Technically, you are running into the 200-day moving average at around $21, which could pose a bit of a technical threat. You will see a little bit of earnings growth. There's less revenue from the auctions in this economy.
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Technically, you are running into the 200-day moving average at around $21, which could pose a bit of a technical threat. You will see a little bit of earnings growth. There's less revenue from the auctions in this economy.
BUY
BUY
January 19, 2009
Being a big auction house, you would think that in this difficult time, people are going to use their facilities more than they would have otherwise. One of the few ways to play a recession.
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Being a big auction house, you would think that in this difficult time, people are going to use their facilities more than they would have otherwise. One of the few ways to play a recession.
BUY
BUY
December 31, 2008
An excellent company. One-of-a-kind, global and runs a great business.
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An excellent company. One-of-a-kind, global and runs a great business.
BUY
BUY
May 12, 2008
Biggest auction house in equipment. Big business in the resource area out west. As the US falls into a recession, there will be more equipment coming out of other industries and business will be good for them.
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Biggest auction house in equipment. Big business in the resource area out west. As the US falls into a recession, there will be more equipment coming out of other industries and business will be good for them.
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Ritchie Bros Auctioneers Inc.(RBA-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Ritchie Bros Auctioneers Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Ritchie Bros Auctioneers Inc.(RBA-T) Frequently Asked Questions

What is Ritchie Bros Auctioneers Inc. stock symbol?

Ritchie Bros Auctioneers Inc. is a Canadian stock, trading under the symbol RBA-T on the Toronto Stock Exchange (RBA-CT). It is usually referred to as TSX:RBA or RBA-T

Is Ritchie Bros Auctioneers Inc. a buy or a sell?

In the last year, there was no coverage of Ritchie Bros Auctioneers Inc. published on Stockchase.

Is Ritchie Bros Auctioneers Inc. a good investment or a top pick?

Ritchie Bros Auctioneers Inc. was recommended as a Top Pick by Douglas Kee on 2018-03-07. Read the latest stock experts ratings for Ritchie Bros Auctioneers Inc..

Why is Ritchie Bros Auctioneers Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Ritchie Bros Auctioneers Inc. worth watching?

0 stock analyst on Stockchase covered Ritchie Bros Auctioneers Inc. In the last year. It is a trending stock that is worth watching.

What is Ritchie Bros Auctioneers Inc. stock price?

On 2020-06-01, Ritchie Bros Auctioneers Inc. (RBA-T) stock closed at a price of $59.22.