Added to YB: 2023-12-05
Pitch date: 2023-12-02
REMYY [bullish]
Rémy Cointreau SA
-63.9%
current return
Author Info
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Company Info
Rémy Cointreau SA, together with its subsidiaries, engages in the production, sale, and distribution of liqueurs and spirits.
Market Cap
EUR 2.0B
Pitch Price
EUR 101.98
Price Target
16.10 (-56%)
Dividend
3.98%
EV/EBITDA
12.01
P/E
21.31
EV/Sales
2.83
Sector
Beverages
Category
value
Show full summary:
Rémy Cointreau: New Multi-Year Low with Weak Near-Term Outlook
RCO -22% org sales, EBIT -47% in H1 FY24 on US Cognac competition. Brand strength in premium spirits supports LT outlook. At 18.7x FY23 P/E, 6.3% EPS CAGR to FY26 & 30x P/E = 42% upside. 60% div payout adds appeal. €107.40 shares a Buy despite discretionary risks.
Read full article (8 min)