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Renault

WBAG:RNO
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RNO
WBAG
€17B
Market Cap
  1. Home
  2. AT
  3. Automobiles
Company description

Renault SA designs, manufactures, sells, and distributes vehicles. The last earnings update was 26 days ago. More info.


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RNO Share Price and Events
7 Day Returns
3.6%
WBAG:RNO
6%
Europe Auto
3.4%
AT Market
1 Year Returns
-32.6%
WBAG:RNO
-11%
Europe Auto
-2%
AT Market
RNO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Renault (RNO) 3.6% 3.4% 11.8% -32.6% - -
Europe Auto 6% 8.6% 10.9% -11% 11.6% -5.7%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • RNO underperformed the Auto industry which returned -11% over the past year.
  • RNO underperformed the Market in Austria which returned -2% over the past year.
Price Volatility
RNO
Industry
5yr Volatility vs Market
Related Companies

RNO Value

 Is Renault 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 Renault 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 Renault.

WBAG:RNO 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 10.6%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

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 WBAG:RNO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.7%
Auto Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 33%) (309.96%))
1.514
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.51
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.514 * 6.65%)
10.58%

Discounted Cash Flow Calculation for WBAG:RNO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Renault 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.

WBAG:RNO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.58%)
2019 1,522.84 Analyst x5 1,377.14
2020 1,866.03 Analyst x4 1,526.03
2021 2,291.30 Analyst x3 1,694.53
2022 2,123.00 Analyst x1 1,419.84
2023 2,012.85 Est @ -5.19% 1,217.38
2024 1,942.83 Est @ -3.48% 1,062.60
2025 1,898.50 Est @ -2.28% 939.00
2026 1,871.07 Est @ -1.44% 836.89
2027 1,855.02 Est @ -0.86% 750.32
2028 1,846.71 Est @ -0.45% 675.50
Present value of next 10 years cash flows €11,499.22
WBAG:RNO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,846.71 × (1 + 0.51%) ÷ (10.58% – 0.51%)
€18,431.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €18,431.79 ÷ (1 + 10.58%)10
€6,742.05
WBAG:RNO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €11,499.22 + €6,742.05
€18,241.27
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €18,241.27 / 268.56
€67.92
WBAG:RNO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:RNO represents 0.99827x of ENXTPA:RNO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99827x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 67.92 x 0.99827
€67.81
Value per share (EUR) From above. €67.81
Current discount Discount to share price of €63.76
= -1 x (€63.76 - €67.81) / €67.81
6%

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

Current Discount
Amount off the current price Renault is available for.
Intrinsic value
6%
Share price is €63.76 vs Future cash flow value of €67.81
Current Discount Checks
For Renault to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Renault's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Renault's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Renault's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Renault's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:RNO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €12.24
ENXTPA:RNO Share Price ** ENXTPA (2019-04-18) in EUR €63.87
Europe Auto Industry PE Ratio Median Figure of 17 Publicly-Listed Auto Companies 8.36x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

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

** Primary Listing of Renault.

WBAG:RNO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 63.87 ÷ 12.24

5.22x

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

  • Renault is good value based on earnings compared to the Europe Auto industry average.
  • Renault is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does Renault's expected growth come at a high price?
Raw Data
WBAG:RNO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
8%per year
Europe Auto Industry PEG Ratio Median Figure of 10 Publicly-Listed Auto Companies 0.77x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:RNO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.22x ÷ 8%

0.65x

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

  • Renault is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Renault's assets?
Raw Data
WBAG:RNO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €131.03
ENXTPA:RNO Share Price * ENXTPA (2019-04-18) in EUR €63.87
Europe Auto Industry PB Ratio Median Figure of 24 Publicly-Listed Auto Companies 1.22x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:RNO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 63.87 ÷ 131.03

0.49x

* Primary Listing of Renault.

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

  • Renault is good value based on assets compared to the Europe Auto industry average.
X
Value checks
We assess Renault'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 Auto 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 Auto industry average (and greater than 0)? (1 check)
  5. Renault has a total score of 4/6, 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.

RNO Future Performance

 How is Renault 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
8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Renault expected to grow at an attractive rate?
  • Renault's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Renault's earnings growth is positive but not above the Austria market average.
  • Renault's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:RNO Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:RNO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 8%
WBAG:RNO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 2%
Europe Auto Industry Earnings Growth Rate Market Cap Weighted Average 6.7%
Europe Auto Industry Revenue Growth Rate Market Cap Weighted Average 3%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*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
WBAG:RNO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
WBAG:RNO Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 64,054 5,102 3
2021-12-31 60,465 6,214 4,252 11
2020-12-31 58,458 5,847 3,899 19
2019-12-31 57,158 5,765 3,866 16
WBAG:RNO Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 57,419 6,285 3,302
2018-09-30 58,305 6,327 4,034
2018-06-30 59,190 6,368 4,667
2018-03-31 58,980 6,035 4,891
2017-12-31 58,770 5,702 5,212
2017-09-30 57,183 5,860 4,765
2017-06-30 55,595 6,018 4,317
2017-03-31 53,419 5,204 3,868
2016-12-31 51,243 4,389 3,419
2016-09-30 49,779 5,105 3,182
2016-06-30 48,315 5,821 2,945
2016-03-31 46,821 5,928 2,884

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Renault's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
  • Renault's revenue is expected to grow by 2% 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
WBAG:RNO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from Renault Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:RNO Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 18.83 19.16 18.50 2.00
2021-12-31 15.27 17.60 11.20 11.00
2020-12-31 14.06 15.92 10.60 20.00
2019-12-31 13.40 14.50 11.50 17.00
WBAG:RNO Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 12.24
2018-09-30 14.94
2018-06-30 17.27
2018-03-31 18.07
2017-12-31 19.23
2017-09-30 17.57
2017-06-30 15.91
2017-03-31 14.24
2016-12-31 12.57
2016-09-30 11.69
2016-06-30 10.80
2016-03-31 10.58

*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.
  • Renault is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Renault'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 Europe 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.
Renault has a total score of 1/6, 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.

RNO Past Performance

  How has Renault 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 Renault's growth in the last year to its industry (Auto).
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.
  • Renault has delivered over 20% year on year earnings growth in the past 5 years.
  • Renault's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Renault's 1-year earnings growth is negative, it can't be compared to the Europe Auto industry average.
Earnings and Revenue History
Renault'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 Renault Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:RNO Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 57,419.00 3,302.00 5,817.00 2,598.00
2018-09-30 58,304.50 4,033.50 5,857.00 2,598.00
2018-06-30 59,190.00 4,667.00 5,897.00 2,598.00
2018-03-31 58,980.00 4,890.50 5,885.50 2,594.00
2017-12-31 58,770.00 5,212.00 5,874.00 2,590.00
2017-09-30 57,182.50 4,764.50 5,777.50 2,559.00
2017-06-30 55,595.00 4,317.00 5,681.00 2,528.00
2017-03-31 53,419.00 3,868.00 5,524.00 2,449.00
2016-12-31 51,243.00 3,419.00 5,367.00 2,370.00
2016-09-30 49,779.00 3,182.00 5,187.50 2,294.00
2016-06-30 48,315.00 2,945.00 5,008.00 2,218.00
2016-03-31 46,821.00 2,884.00 4,928.50 2,131.00
2015-12-31 45,327.00 2,823.00 4,849.00 2,044.00
2015-09-30 44,379.50 2,671.50 4,795.00 1,941.00
2015-06-30 43,432.00 2,520.00 4,741.00 1,838.00
2015-03-31 42,243.50 2,205.00 4,600.50 1,779.50
2014-12-31 41,055.00 1,890.00 4,460.00 1,721.00
2014-09-30 40,683.00 1,593.00 4,412.50 1,713.00
2014-06-30 40,311.00 1,296.00 4,365.00 1,705.00
2014-03-31 40,621.50 941.00 4,337.00 1,758.50
2013-12-31 40,932.00 586.00 4,309.00 1,812.00
2013-09-30 40,854.00 825.50 4,327.00 1,886.50
2013-06-30 40,776.00 1,065.00 4,345.00 1,961.00
2013-03-31 41,023.00 1,418.50 4,439.50 1,938.00
2012-12-31 41,270.00 1,772.00 4,534.00 1,915.00
2012-09-30 41,866.00 1,695.00 4,604.00 1,930.00
2012-06-30 42,462.00 1,618.00 4,674.00 1,945.00

*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.
  • Renault has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Renault used its assets less efficiently than the Europe Auto industry average last year based on Return on Assets.
  • Renault has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Renault'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 Auto 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.
Renault has a total score of 2/6, 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.

RNO Health

 How is Renault'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 Renault's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Renault is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Renault's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Renault'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x 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 Renault Company Filings, last reported 3 months ago.

WBAG:RNO Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 36,145.00 53,167.00 15,694.00
2018-09-30 36,145.00 53,167.00 15,694.00
2018-06-30 34,517.00 53,947.00 16,145.00
2018-03-31 34,517.00 53,947.00 16,145.00
2017-12-31 33,679.00 50,307.00 15,241.00
2017-09-30 33,679.00 50,307.00 15,241.00
2017-06-30 31,726.00 48,994.00 14,743.00
2017-03-31 31,726.00 48,994.00 14,743.00
2016-12-31 30,924.00 46,232.00 14,805.00
2016-09-30 30,924.00 46,232.00 14,805.00
2016-06-30 29,789.00 42,165.00 12,926.00
2016-03-31 29,789.00 42,165.00 12,926.00
2015-12-31 28,474.00 40,590.00 15,235.00
2015-09-30 28,474.00 40,590.00 15,235.00
2015-06-30 27,262.00 37,875.00 11,961.00
2015-03-31 27,262.00 37,875.00 11,961.00
2014-12-31 24,898.00 36,581.00 13,380.00
2014-09-30 24,898.00 36,581.00 13,380.00
2014-06-30 23,986.00 35,658.00 12,471.00
2014-03-31 23,986.00 35,658.00 12,471.00
2013-12-31 23,214.00 33,778.00 11,800.00
2013-09-30 23,214.00 33,778.00 11,800.00
2013-06-30 23,465.00 33,019.00 10,437.00
2013-03-31 23,465.00 33,019.00 10,437.00
2012-12-31 24,547.00 33,021.00 11,351.00
2012-09-30 24,547.00 33,021.00 11,351.00
2012-06-30 25,107.00 32,223.00 8,170.00
  • Renault's level of debt (147.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (145.5% vs 147.1% today).
  • Debt is not well covered by operating cash flow (11.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.7x coverage).
X
Financial health checks
We assess Renault'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. Renault has a total score of 3/6, 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.

RNO Dividends

 What is Renault'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
5.56%
Current annual income from Renault dividends. Estimated to be 5.75% next year.
If you bought €2,000 of Renault shares you are expected to receive €111 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?
  • Renault's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Renault's dividend is above the markets top 25% of dividend payers in Austria (4.62%).
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
WBAG:RNO 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
Europe Auto Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.2%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

WBAG:RNO Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 4.75 1.00
2021-12-31 3.73 13.00
2020-12-31 3.68 20.00
2019-12-31 3.57 19.00
WBAG:RNO Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-03-13 3.550 5.130
2018-02-16 3.550 3.950
2017-07-31 3.150 3.797
2017-03-03 3.150 3.813
2017-02-13 3.150 3.642
2016-03-29 2.400 3.066
2016-02-17 2.400 2.874
2015-03-02 1.900 2.248
2015-02-12 1.900 2.298
2014-03-13 1.720 2.702
2014-02-13 1.720 2.410
2013-03-13 1.720 2.953
2012-07-27 1.160 2.950
2012-03-13 1.160 3.387
2012-01-16 1.160 3.170
2011-03-07 0.300 0.953
2009-08-03 0.000 0.000
2009-04-20 0.000 0.000

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

  • Whilst dividend payments have been stable, Renault has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Renault only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Renault's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess Renault's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Renault afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Renault has a total score of 4/6, see the detailed checks below.


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

RNO Management

 What is the CEO of Renault'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
Thierry Bolloré
AGE 55
TENURE AS CEO 0.3 years
CEO Bio

Mr. Thierry Bolloré has been the Chief Executive Officer Renault SA January 24, 2019 and was its Chief Operating Officer since February 19, 2018 until January 24, 2019. Mr. Bolloré was Deputy Chief Executive Officer of Renault Société Anonym since November 2018. Mr. Bolloré served as Chief Competitiveness Officer of Renault Société Anonym since September 10, 2013 until February 19, 2018. Mr. Bolloré served as an Executive Vice President of Manufacturing & Supply Chain at Renault Société Anonym from October 15, 2012 to September 9, 2013. He was appointed as Member of the Management Board at Renault-Nissan B.V. He started his career in 1990 at Michelin, as Shop Manager in a heavy truck tire factory. In 1993, he served as Chief of process and quality central Group for worldwide heavy truck factories, prior to taking the head of method group for heavy truck business units in Europe, South America, Africa and Asia. In 1997, he moved to Japan, as Industrial Assistant of Michelin Passenger car factory and to Thailand in 1998, as Production Manager in truck factory and served as its Managing Director of Truck and Aircraft Businesses. Mr. Bolloré served as Vice-President in charge of industry for Michelin Aircraft Business worldwide in 2002. He joined Faurecia in 2005 and served as its Vice President Asia of Exhaust Systems Product Group, based in China and then Vice-President of worldwide in charge of Marketing, Research & Development, Programs, Strategy, Business Development. In 2010, he moved to Faurecia Emissions Control Technologies, as Vice-President in charge of Europe and South Africa prior to that he served as Vice-President worldwide, responsible for Industry, Quality and Purchasing. Mr. Bolloré serves as a Director of Public Joint Stock Company Avtovaz. He served as a Member of Supervisory Board of REVOZ, d.d., while Mitsubishi earlier said that it was preparing to dismiss Ghosn as chairman.

CEO Compensation
  • Insufficient data for Thierry to compare compensation growth.
  • Insufficient data for Thierry to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Renault management team in years:

4.5
Average Tenure
61
Average Age
  • The tenure for the Renault management team is about average.
Management Team

Thierry Bolloré

TITLE
Chief Executive Officer
AGE
55
TENURE
0.3 yrs

Clotilde Delbos

TITLE
Group Chief Financial Officer
AGE
51
TENURE
3 yrs

Thierry Huon

TITLE
Investor Relations Director

Florence De Goldfiem

TITLE
Director of Communication
TENURE
4 yrs

Marie-Françoise Damesin

TITLE
Executive VP
AGE
61
TENURE
5 yrs

Rudolphe Lambert

TITLE
Managing Director of Europcar

Louis Schweitzer

TITLE
Honorary President
COMPENSATION
€83K
AGE
75

Rémi Deconinck

TITLE
Managing Director of Sport Technologies Department
AGE
68
TENURE
24.3 yrs

Jacques Prost

TITLE
Managing Director - Morocco
AGE
65
TENURE
12.3 yrs

Nadine LeClair

TITLE
Senior VP & Expert Fellow
AGE
61
Board of Directors Tenure

Average tenure and age of the Renault board of directors in years:

6.3
Average Tenure
65.5
Average Age
  • The tenure for the Renault board of directors is about average.
Board of Directors

Jean-Dominique Senard

TITLE
Chairman
AGE
65
TENURE
0.3 yrs

Bernard Rey

TITLE
Chairman of Renault Sport & Renault F1 Team
AGE
72

Jacques Daniel

TITLE
Chairman & CEO of Dongfeng Renault Automotive Company

Christian Pouillaude

TITLE
Brand Director & Member of Advisory Board
TENURE
6.3 yrs

Philippe Lagayette

TITLE
Senior Independent Director
COMPENSATION
€83K
AGE
75
TENURE
9.8 yrs

Carlos Tavares

TITLE
Chairman of Advisory Board
AGE
60
TENURE
6.3 yrs

Patrick Thomas

TITLE
Independent Director
COMPENSATION
€76K
AGE
71
TENURE
5 yrs

Carlos Ghosn

TITLE
Director
COMPENSATION
€7M
AGE
64
TENURE
17 yrs

Bernard Ollivier

TITLE
Member of Advisory Board
AGE
66
TENURE
6.3 yrs

Pascale Sourisse

TITLE
Independent Director
COMPENSATION
€58K
AGE
56
TENURE
9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Renault'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. Renault 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.

RNO News

Simply Wall St News

RNO Company Info

Description

Renault SA designs, manufactures, sells, and distributes vehicles. The company operates through Automotive, Sales Financing, and AVTOVAZ segments. It offers passenger and light commercial, and electric vehicles primarily under the Renault, Dacia, Renault Samsung Motors, Alpine, and LADA, as well as under the Nissan, Datsun, and Infiniti brands. The company also sells powertrains and used vehicles, as well as spare parts; and provides various services, including collecting commissions for loans, sales financing, rental, maintenance, and service contracts. In addition, it offers finance for the purchasing inventories of new and used vehicles, and replacement parts; designs, produces, and sells converted vehicles; provides Renault EASY CONNECT for Fleet, a connected service for business users; and produces driving aids, such as steering-wheel mounted accelerators and brakes, multifunction remote control units to operate indicators, lights and horns, pedal transfers, etc., as well as manual or electric swivel seats. It also exports its products worldwide. The company was founded in 1898 and is based in Boulogne-Billancourt, France.

Details
Name: Renault SA
RNO
Exchange: WBAG
Founded: 1898
€17,152,794,925
268,557,929
Website: http://www.group.renault.com
Address: Renault SA
13/15 Quai Alphonse Le Gallo,
Boulogne-Billancourt,
Ile-de-France, 92100,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA RNO Ordinary Shares Euronext Paris FR EUR 18. Nov 1994
OTCPK RNSD.F Ordinary Shares Pink Sheets LLC US USD 18. Nov 1994
DB RNL Ordinary Shares Deutsche Boerse AG DE EUR 18. Nov 1994
XTRA RNL Ordinary Shares XETRA Trading Platform DE EUR 18. Nov 1994
LSE 0NQF Ordinary Shares London Stock Exchange GB EUR 18. Nov 1994
SWX RNO Ordinary Shares SIX Swiss Exchange CH CHF 18. Nov 1994
BIT RNO Ordinary Shares Borsa Italiana IT EUR 18. Nov 1994
WBAG RNO Ordinary Shares Wiener Boerse AG AT EUR 18. Nov 1994
BMV RNO N Ordinary Shares Bolsa Mexicana de Valores MX MXN 18. Nov 1994
BATS-CHIXE RNOP Ordinary Shares BATS 'Chi-X Europe' GB EUR 18. Nov 1994
OTCPK RNLS.Y UNSPON ADR EACH REPR 0.20 Pink Sheets LLC US USD 25. Nov 2014
ENXTPA RNL PTG CERTS(9% MIN)EUR152.45 Euronext Paris FR EUR 02. Jan 1992
DB RNL1 UNSPON ADR EACH REPR 0.20 Deutsche Boerse AG DE EUR 25. Nov 2014
XTRA RNL1 UNSPON ADR EACH REPR 0.20 XETRA Trading Platform DE EUR 25. Nov 2014
Number of employees
Current staff
Staff numbers
180,000
Renault employees.
Industry
Automobile Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:37
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.