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Rémy Cointreau

DB:RMC
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RMC
DB
€6B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Rémy Cointreau SA, together with its subsidiaries, produces and distributes liqueurs and spirits. The last earnings update was 104 days ago. More info.


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RMC Share Price and Events
7 Day Returns
-0.1%
DB:RMC
-0.5%
DE Beverage
2.8%
DE Market
1 Year Returns
25.1%
DB:RMC
5.6%
DE Beverage
3%
DE Market
RMC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rémy Cointreau (RMC) -0.1% -5.8% -0.3% 25.1% 69.9% 145.1%
DE Beverage -0.5% 2.4% -0.7% 5.6% 30% 68%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • RMC outperformed the Beverage industry which returned 5.6% over the past year.
  • RMC outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
RMC
Industry
5yr Volatility vs Market

Value

 Is Rémy Cointreau undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rémy Cointreau to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rémy Cointreau.

DB:RMC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:RMC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 33%) (8.28%))
0.689
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 6.65%)
5.55%

Discounted Cash Flow Calculation for DB:RMC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rémy Cointreau is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:RMC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.55%)
2020 77.07 Analyst x13 73.02
2021 114.55 Analyst x11 102.83
2022 160.37 Analyst x9 136.38
2023 183.50 Analyst x2 147.86
2024 187.00 Analyst x1 142.76
2025 189.40 Est @ 1.28% 136.99
2026 191.23 Est @ 0.97% 131.04
2027 192.65 Est @ 0.74% 125.08
2028 193.79 Est @ 0.59% 119.20
2029 194.72 Est @ 0.48% 113.48
Present value of next 10 years cash flows €1,228.00
DB:RMC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €194.72 × (1 + 0.23%) ÷ (5.55% – 0.23%)
€3,668.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,668.51 ÷ (1 + 5.55%)10
€2,137.91
DB:RMC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,228.00 + €2,137.91
€3,365.91
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,365.91 / 49.81
€67.58
DB:RMC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RMC represents 0.99605x of ENXTPA:RCO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99605x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 67.58 x 0.99605
€67.31
Value per share (EUR) From above. €67.31
Current discount Discount to share price of €126.00
= -1 x (€126.00 - €67.31) / €67.31
-87.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Rémy Cointreau is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rémy Cointreau's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rémy Cointreau's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RMC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €3.18
ENXTPA:RCO Share Price ** ENXTPA (2019-10-11) in EUR €126.5
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rémy Cointreau.

DB:RMC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:RCO Share Price ÷ EPS (both in EUR)

= 126.5 ÷ 3.18

39.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rémy Cointreau is overvalued based on earnings compared to the DE Beverage industry average.
  • Rémy Cointreau is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Rémy Cointreau's expected growth come at a high price?
Raw Data
DB:RMC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
12.2%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:RMC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 39.78x ÷ 12.2%

3.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rémy Cointreau is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Rémy Cointreau's assets?
Raw Data
DB:RMC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €28.61
ENXTPA:RCO Share Price * ENXTPA (2019-10-11) in EUR €126.5
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:RMC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:RCO Share Price ÷ Book Value per Share (both in EUR)

= 126.5 ÷ 28.61

4.42x

* Primary Listing of Rémy Cointreau.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rémy Cointreau is overvalued based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Rémy Cointreau's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)
  5. Rémy Cointreau has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Rémy Cointreau expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rémy Cointreau expected to grow at an attractive rate?
  • Rémy Cointreau's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Rémy Cointreau's earnings growth is positive but not above the Germany market average.
  • Rémy Cointreau's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RMC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RMC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 12.2%
DB:RMC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 5.9%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:RMC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RMC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,541 249 1
2023-03-31 1,440 228 267 4
2022-03-31 1,336 207 236 15
2021-03-31 1,247 182 214 19
2020-03-31 1,160 164 189 18
2019-10-13
DB:RMC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,126 53 159
2018-12-31 1,118 69 153
2018-09-30 1,110 85 147
2018-06-30 1,118 135 147
2018-03-31 1,127 185 148
2017-09-30 1,126 157 139
2017-06-30 1,110 146 132
2017-03-31 1,095 135 125
2016-09-30 1,063 87 112
2016-06-30 1,057 96 107

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rémy Cointreau's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Rémy Cointreau's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:RMC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Rémy Cointreau Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RMC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31 5.28 5.52 5.04 2.00
2022-03-31 4.68 5.05 4.10 8.00
2021-03-31 4.19 4.47 3.70 13.00
2020-03-31 3.69 4.08 3.10 13.00
2019-10-13
DB:RMC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 3.18
2018-12-31 3.05
2018-09-30 2.93
2018-06-30 2.95
2018-03-31 2.98
2017-09-30 2.79
2017-06-30 2.67
2017-03-31 2.55
2016-09-30 2.30
2016-06-30 2.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Rémy Cointreau is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rémy Cointreau's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rémy Cointreau has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Rémy Cointreau performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rémy Cointreau's growth in the last year to its industry (Beverage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rémy Cointreau's year on year earnings growth rate has been positive over the past 5 years.
  • Rémy Cointreau's 1-year earnings growth is less than its 5-year average (7.4% vs 18.4%)
  • Rémy Cointreau's earnings growth has exceeded the DE Beverage industry average in the past year (7.4% vs -2%).
Earnings and Revenue History
Rémy Cointreau's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rémy Cointreau Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RMC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,125.90 159.20 447.00
2018-12-31 1,117.75 152.85 464.95
2018-09-30 1,109.60 146.50 482.90
2018-06-30 1,118.30 147.35 503.65
2018-03-31 1,127.00 148.20 524.40
2017-09-30 1,125.90 138.50 521.90
2017-06-30 1,110.40 131.90 513.55
2017-03-31 1,094.90 125.30 505.20
2016-09-30 1,063.40 112.10 493.10
2016-06-30 1,057.05 107.25 490.70
2016-03-31 1,050.70 102.40 488.30
2015-12-31 1,022.35 99.30 481.40
2015-09-30 994.00 96.20 474.50
2015-06-30 979.55 94.40 469.05
2015-03-31 965.10 92.60 463.60
2014-12-31 955.25 74.20 459.90
2014-09-30 945.40 55.80 456.20
2014-06-30 988.50 59.10 462.25
2014-03-31 1,031.60 62.40 468.30
2013-12-31 1,093.55 87.75 469.80
2013-09-30 1,155.50 113.10 471.30
2013-06-30 1,174.40 121.75 482.20
2013-03-31 1,193.30 130.40 493.10
2012-12-31 1,170.15 140.15 480.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Rémy Cointreau has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rémy Cointreau used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Rémy Cointreau has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rémy Cointreau's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rémy Cointreau has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Rémy Cointreau's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rémy Cointreau's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rémy Cointreau is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rémy Cointreau's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rémy Cointreau's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rémy Cointreau Company Filings, last reported 6 months ago.

DB:RMC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,426.10 491.60 178.60
2018-12-31 1,426.10 491.60 178.60
2018-09-30 1,454.90 466.20 162.20
2018-06-30 1,454.90 466.20 162.20
2018-03-31 1,408.20 469.60 186.80
2017-09-30 1,335.80 476.00 45.40
2017-06-30 1,335.80 476.00 45.40
2017-03-31 1,304.00 468.10 78.00
2016-09-30 1,186.30 669.10 221.40
2016-06-30 1,186.30 669.10 221.40
2016-03-31 1,113.30 505.10 46.90
2015-12-31 1,113.30 505.10 46.90
2015-09-30 1,075.10 507.40 52.30
2015-06-30 1,075.10 507.40 52.30
2015-03-31 1,075.70 541.20 74.10
2014-12-31 1,075.70 541.20 74.10
2014-09-30 1,035.10 600.80 124.30
2014-06-30 1,035.10 600.80 124.30
2014-03-31 1,011.90 606.70 186.30
2013-12-31 1,011.90 606.70 186.30
2013-09-30 1,098.90 523.10 208.20
2013-06-30 1,098.90 523.10 208.20
2013-03-31 1,094.80 466.20 186.80
2012-12-31 1,094.80 466.20 186.80
  • Rémy Cointreau's level of debt (34.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (59.9% vs 34.5% today).
  • Debt is not well covered by operating cash flow (10.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.6x coverage).
X
Financial health checks
We assess Rémy Cointreau's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rémy Cointreau has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Rémy Cointreau's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.3%
Current annual income from Rémy Cointreau dividends. Estimated to be 1.55% next year.
If you bought €2,000 of Rémy Cointreau shares you are expected to receive €26 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Rémy Cointreau's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Rémy Cointreau's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:RMC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:RMC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31 2.79 3.00
2022-03-31 2.08 16.00
2021-03-31 1.91 20.00
2020-03-31 1.82 20.00
2019-10-13
DB:RMC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-07-24 1.650 1.272
2018-06-07 1.650 1.457
2017-07-25 1.650 1.516
2016-06-28 1.600 1.914
2016-06-09 1.600 2.199
2015-07-29 1.530 2.409
2014-07-18 1.270 2.050
2013-06-11 1.400 2.066
2012-07-19 2.300 2.586
2011-06-29 1.300 1.942
2011-06-09 1.300 2.315
2010-07-27 1.300 2.580
2009-07-29 1.300 3.667

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Rémy Cointreau's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Rémy Cointreau's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rémy Cointreau afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rémy Cointreau has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Rémy Cointreau's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Valérie Chapoulaud-Floquet
COMPENSATION €2,349,978
TENURE AS CEO 4.8 years
CEO Bio

Ms. Valérie Chapoulaud-Floquet serves as a Member of Board of Directors at Jacobs Holding AG. She elected in 2019. She serves as a Member of Supervisory Board of NextStage - S.C.A since May 2019. She has been the Chief Executive Officer of Rémy Cointreau SA since January 27, 2015. She served as Managing Director of Rémy Cointreau since 2014. She began her career at L’Oréal in 1988, before leaving the Group to lead the luxury products division in 2008 in the United States. She started her career in 1983 as an analyst at Crédit Lyonnais Italy. She spent more than twenty years with the L'Oréal Group where she successively held various executive positions in Asia, Europe and North America from September 1984 to September 2008. She spent time in France, Italy, Asia and the United States, where she was notably CEO of the Luxury Products Division for Asia, and later Europe, before heading the Luxury Products division in the US. She then joined the LVMH Group, where from September 2008 to August 2014 she served as CEO of Louis Vuitton Taiwan, President of Louis Vuitton South Europe, and President and CEO of Louis Vuitton North America from 2011 to 2013 and then of Louis Vuitton America from 2013 to 2014. Within the Rémy Cointreau Group, Ms. Chapoulaud-Floquet is also President of Rémy Cointreau Travel Retail Americas, Inc. and a Director of Bruichladdich Distillery Company Ltd, Rémy Cointreau Internationa Spirits Ltd, Rémy Cointreau UK Distribution and Rémy Cointreau USA, Inc. On September 16, 2014, she was appointed as Deputy Chief Executive Officer of Rémy Cointreau. She studied international business and finance at the EM Business School in Lyon.

CEO Compensation
  • Valérie's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Valérie's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Rémy Cointreau management team in years:

4.3
Average Tenure
  • The tenure for the Rémy Cointreau management team is about average.
Management Team

Valérie Chapoulaud-Floquet

TITLE
Chief Executive Officer
COMPENSATION
€2M
TENURE
4.8 yrs

Luca Marotta

TITLE
Chief Financial Officer
AGE
53
TENURE
6 yrs

Patrick Marchand

TITLE
Senior VP of Operations & Executive VP of Operations

Marc-Henri Bernard

TITLE
Senior VP of Human Resources & Group Human Resources Director

Spyridon Ghikas

TITLE
Chief Executive Officer of EMEA Region
TENURE
4.3 yrs

Christian Lafage

TITLE
Head of Corporate Social Responsibility

Valérie Alexandre-Courbon

TITLE
Senior Vice President of Strategic Planning

Ian McLernon

TITLE
Chief Executive Officer of Americas Region

Simon Coughlin

TITLE
Chief Executive Officer of Whisky Business Unit
AGE
58
TENURE
4.3 yrs

Philippe Farnier

TITLE
Chief Executive Officer of the House of Rémy Martin
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Rémy Cointreau board of directors in years:

5.7
Average Tenure
67
Average Age
  • The tenure for the Rémy Cointreau board of directors is about average.
Board of Directors

Marc Dubreuil

TITLE
Chairman of the Board
COMPENSATION
€514K
AGE
68
TENURE
2 yrs

Marie-Amélie Jacquet

TITLE
Vice Chairman
TENURE
0.3 yrs

Dominique Hériard-Dubreuil

TITLE
Director
COMPENSATION
€43K
AGE
73
TENURE
15.1 yrs

Jacques-Etienne De T'Serclaes

TITLE
Indépendent Director
COMPENSATION
€50K
AGE
72
TENURE
13.3 yrs

François Dubreuil

TITLE
Director
COMPENSATION
€40K
AGE
71
TENURE
15.1 yrs

Laure Dubreuil

TITLE
Director
COMPENSATION
€28K
AGE
41
TENURE
8.3 yrs

Olivier Jolivet

TITLE
Independent Director
COMPENSATION
€40K
AGE
46
TENURE
6.1 yrs

Emmanuel de Geuser

TITLE
Independent Director
COMPENSATION
€40K
AGE
55
TENURE
5.3 yrs

Bruno Pavlovsky

TITLE
Independent Director
COMPENSATION
€28K
AGE
56
TENURE
4.3 yrs

Gisèle Durand

TITLE
Director
COMPENSATION
€40K
AGE
67
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Rémy Cointreau's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rémy Cointreau has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Rémy Cointreau SA, together with its subsidiaries, produces and distributes liqueurs and spirits. The company operates through Rémy Martin, Liqueurs & Spirits, and Partner Brands segments. It offers liqueurs and spirits primarily under the Cointreau, Metaxa, St-Rémy, Mount Gay, Bruichladdich, The Botanist, Westland, and Domaine des Hautes Glaces brands. The company markets its products through distributors, agents, and wholesalers in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. Rémy Cointreau SA was founded in 1724 and is headquartered in Cognac, France.

Details
Name: Rémy Cointreau SA
RMC
Exchange: DB
Founded: 1724
€6,300,673,923
49,807,699
Website: http://www.remy-cointreau.com
Address: Rémy Cointreau SA
Rue Joseph Pataa,
Cognac,
Poitou-Charentes, 16100,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA RCO Bearer Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK REMY.F Bearer Shares Pink Sheets LLC US USD 02. Jan 1992
DB RMC Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0MGU Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
SWX RCO Bearer Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BATS-CHIXE RCOP Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK REMY.Y UNSPONSORED ADR Pink Sheets LLC US USD 28. Jun 2012
Number of employees
Current staff
Staff numbers
1,908
Rémy Cointreau employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 21:04
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/09
Last earnings filing: 2019/07/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.