Reliance Worldwide Corporation Limited

RWC.AX

Construction Materials · Industrials

Exchange

Australian Securities Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Data not available

Stability

Good

Valuation

Good

Dividends

Weak

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Winston Score History

The full picture

Reliance Worldwide Corporation makes plumbing products used in homes and buildings. Its best-known product is the SharkBite push-to-connect fitting, which lets plumbers and DIY homeowners join pipes without soldering. The company sells to plumbing wholesalers, hardware retailers like Home Depot, and professional tradespeople across the residential and commercial construction markets.

Reliance earns revenue by selling physical plumbing fittings, valves, and flow control products. It operates mainly in the Americas, Europe, and Asia-Pacific, with the United States being its largest market by far. The SharkBite brand gives it strong recognition among plumbers, which is a meaningful competitive advantage in a market where trusted brands matter. The main risk the company faces is exposure to housing construction cycles — when new home building slows down, demand for its products tends to fall with it.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+104.9% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-234.5% YoY

YoY Growth Rate

Earnings declining

Insider Activity

0.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$31M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Reliance Worldwide Corporation Limited grew revenue 105% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

35.0%

Modest — 35.0% gross margin

Profit after running costs

Operating Margin

13.0%

Healthy — 13.0% operating margin

Return on the money invested

ROCE

5.4%

Weak — 5.4% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

N/A

Data not available

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

1/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

N/A

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

0.23

Conservative — low debt load (0.23)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

42.3x

no trend

Pricey — P/E 42.3

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+31.1

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (42.3 → 11.2)

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Dividends

Dividend

Dividend Yield

1.48%

no trend

Small dividend — 1.48% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

-42.0%

no trend

Dividend cut (-42.0% YoY) — warning sign

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