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Institutional ownership roughly stable: +0.39% change quarter-over-quarter.
Data as of Q1 2026
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Ranked against 235 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WMT | $896.8B | 41.1× | — | 1.3× | 4.7% | 24.9% | 3.1% | 22.0% | 15.5% | — | 4,273 |
| COST | $417.5B | 51.7× | 31.9× | 1.5× | 8.2% | 12.8% | 2.9% | 27.8% | 23.2% | 0.4× | 4,050 |
| KO | $373.6B | 28.6× | 24.5× | 7.8× | 1.9% | 61.6% | 27.3% | 40.7% | 40.7% | — | 3,427 |
| PG | $345.0B | 22.6× | 16.3× | 4.1× | 0.3% | 51.2% | 19.0% | 30.6% | 18.4% | 1.5× | 3,849 |
| PM | $294.0B | 26.0× | 17.1× | 7.2× | 7.3% | 67.1% | 27.9% | -114% | -115% | 0.0× | 2,744 |
| PEP | $190.0B | 23.1× | 15.4× | 2.0× | 2.3% | 54.1% | 8.8% | 40.4% | 11.8% | 3.3× | 3,404 |
| BUDFF | $151.5B | — | — | — | — | — | — | — | — | — | 5 |
| UNLYF | $138.7B | — | — | — | — | — | — | — | — | — | 23 |
| MO | $114.6B | 16.6× | 13.2× | 4.9× | -3.1% | 62.5% | 29.8% | -198% | 33.7% | 2.4× | 2,375 |
| MNST | $92.4B | — | 35.6× | 11.1× | 10.7% | 55.8% | 23.0% | 23.1% | 23.1% | — | 1,169 |
| MDLZ | $81.0B | 33.1× | 19.0× | 2.1× | 5.8% | 28.4% | 6.4% | 9.5% | 8.6% | 0.6× | 1,821 |
| CL | $74.7B | 35.5× | 20.4× | 3.7× | 1.4% | 60.1% | 10.5% | 3948% | 30.8% | 1.7× | 1,873 |
| TGT | $66.9B | 18.2× | 9.8× | 0.6× | -1.7% | 27.9% | 3.5% | 22.9% | 12.1% | 1.7× | 1,771 |
| DGEAF | $54.3B | — | — | — | — | — | — | — | — | — | 4 |
| CCEP | $48.8B | — | — | — | — | — | — | — | — | — | 543 |
| ABEV | $47.8B | — | — | — | — | — | — | — | — | — | 383 |
| JBS | $45.1B | — | — | — | — | — | — | — | — | — | 241 |
| FMX | $42.4B | — | — | — | — | — | — | — | — | — | 290 |
| KDP | $41.8B | 20.1× | 14.1× | 2.5× | 8.2% | 54.2% | 12.5% | 8.1% | 5.0% | 4.0× | 784 |
| SYY | $41.1B | 22.6× | 10.3× | 0.5× | 3.2% | 18.4% | 2.2% | 99.9% | 99.9% | — | 1,489 |
| KVUE | $37.7B | 25.9× | 15.7× | 2.5× | -2.1% | 58.1% | 9.7% | 13.7% | 7.1% | 3.4× | 967 |
| ADM | $37.6B | 34.8× | — | 0.5× | -6.2% | 6.3% | 1.3% | 4.7% | 3.6% | — | 1,070 |
| KMB | $37.3B | 18.5× | 11.8× | 2.3× | -2.1% | 36.0% | 12.3% | 135% | 92.0% | 0.2× | 1,585 |
| KR | $37.0B | 36.8× | 9.2× | 0.3× | 0.4% | — | 0.7% | 17.1% | 5.0% | 2.8× | 1,327 |
| HSY | $36.4B | — | 21.2× | 3.1× | 4.4% | 33.5% | 7.6% | 19.0% | 9.3% | 2.5× | 1,406 |
| RLX | $2.4B | 19.4× | 31.5× | 4.2× | -79.4% | 29.9% | 23.3% | 5.9% | 5.9% | 0.3× | 99 |
Peers = companies sharing RLX's sector (Consumer Defensive) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $1.94 today, the market must believe free cash flow compounds -14.9%/yr for a decade (off $385M normalized FCF).
The market's -14.9% is more conservative than its 6-yr track record.
2-stage DCF · 1.22B shares (market data) · net debt -$754M
mean 176.6% · volatility σ 407% · implied rate exceeded in 2/6 yrs
Central path = implied -14.9%/yr growth; shaded band = ±1σ (407%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
6/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 9% of free cash flow, leaving room to grow it and fund buybacks. Last year: $13M dividends + $26M buybacks = $39M returned on $141M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 8 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Modest payoff on reinvested capital. Current ROIC on all capital: 6%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 8 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~6.9% on $13M of debt.
Cash of $767M fully covers short-term debt of $13M.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-08-05 · 15d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $566.1M 100.0% | $2.75B 100.0% | $1.59B 100.0% | $5.33B 100.0% | $8.52B 100.0% | $3.82B 100.0% | $1.55B 100.0% | $132.6M 100.0% |
| Cost of Revenue | $348.0M 61.5% | $1.72B 62.5% | $856.3M 54.0% | $2.97B 55.8% | $4.85B 56.9% | $2.29B 60.0% | $968.4M 62.5% | $73.4M 55.3% |
| Gross Profit | $169.3M 29.9% | $726.5M 26.4% | $387.7M 24.4% | $2.31B 43.2% | $3.67B 43.1% | $1.53B 40.0% | $580.9M 37.5% | $59.2M 44.7% |
| Research & Development | $18.7M 3.3% | $88.3M 3.2% | $172.7M 10.9% | $317.1M 5.9% | $179.9M 2.1% | $299.3M 7.8% | $31.9M 2.1% | $2.1M 1.6% |
| Selling, General & Admin | $48.2M 8.5% | $515.9M 18.8% | $498.0M 31.4% | $576.8M 10.8% | $672.7M 7.9% | $772.0M 20.2% | $133.2M 8.6% | $20.7M 15.6% |
| Total Operating Expenses | $122.3M 21.6% | $833.7M 30.3% | $884.4M 55.8% | $1.24B 23.3% | $1.37B 16.1% | $1.51B 39.6% | $524.6M 33.9% | $57.0M 43.0% |
| Operating Income | $47.0M 8.3% | -$107.1M -3.9% | -$496.7M -31.3% | $1.06B 19.9% | $2.30B 27.0% | $13.1M 0.3% | $56.4M 3.6% | $2.2M 1.7% |
| Interest Expense | $914K 0.2% | $176K 0.0% | — | $1.4M 0.0% | — | — | — | — |
| Other Income (Expense), net | $16.1M 2.8% | $99.9M 3.6% | $214.9M 13.5% | $399.6M 7.5% | $194.2M 2.3% | $36.5M 1.0% | $16.5M 1.1% | -$6K -0.0% |
| Pretax Income | $150.6M 26.6% | $658.8M 24.0% | $591.7M 37.3% | $1.78B 33.4% | $2.66B 31.2% | $102.4M 2.7% | $73.7M 4.8% | $2.1M 1.6% |
| Income Tax Expense | $17.0M 3.0% | $94.5M 3.4% | $50.8M 3.2% | $371.6M 7.0% | $631.4M 7.4% | $230.5M 6.0% | $25.9M 1.7% | $2.4M 1.8% |
| Net Income | $131.8M 23.3% | $551.8M 20.1% | $534.3M 33.7% | $1.44B 27.0% | $2.02B 23.8% | -$128.1M -3.4% | $47.7M 3.1% | -$287K -0.2% |
| Per Share | ||||||||
| EPS (Basic) | $0.10 | $0.45 | $0.41 | $1.09 | $1.45 | $-0.09 | $0.03 | $-0.00 |
| EPS (Diluted) | $0.10 | $0.43 | $0.40 | $1.08 | $1.44 | $-0.09 | $0.03 | $-0.00 |
| Weighted Avg Shares (Basic) | 1.22B | 1.23B | 1.31B | 1.32B | 1.40B | 1.44B | 1.44B | 1.19B |
| Weighted Avg Shares (Diluted) | 1.22B | 1.29B | 1.34B | 1.33B | 1.41B | 1.44B | 1.44B | 1.19B |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-08-05
No material risks flagged.
Where each multiple sits in its own 5-yr range · 80th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 5-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 1.8× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 55.3 | 62.5 | 60.0 | 56.9 | 55.8 | 54.0 | 62.5 | 61.5 |
| Gross Profit | 44.7 | 37.5 | 40.0 | 43.1 | 43.2 | 24.4 | 26.4 | 29.9 |
| R&D | 1.6 | 2.1 | 7.8 | 2.1 | 5.9 | 10.9 | 3.2 | 3.3 |
| SG&A | 15.6 | 8.6 | 20.2 | 7.9 | 10.8 | 31.4 | 18.8 | 8.5 |
| Operating Income | 1.7 | 3.6 | 0.3 | 27.0 | 19.9 | -31.3 | -3.9 | 8.3 |
| Income Tax | 1.8 | 1.7 | 6.0 | 7.4 | 7.0 | 3.2 | 3.4 | 3.0 |
| Net Income | -0.2 | 3.1 | -3.4 | 23.8 | 27.0 | 33.7 | 20.1 | 23.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on RLX: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.