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Pernod Ricard

WBAG:RI
Snowflake Description

Established dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RI
WBAG
€41B
Market Cap
  1. Home
  2. AT
  3. Food, Beverage & Tobacco
Company description

Pernod Ricard SA produces and sells beers, wines, and spirits in the Americas, Europe, Asia, and internationally. The last earnings update was 78 days ago. More info.


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RI Share Price and Events
7 Day Returns
-3.4%
WBAG:RI
0%
Europe Beverage
3.4%
AT Market
1 Year Returns
12%
WBAG:RI
6%
Europe Beverage
-2%
AT Market
RI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pernod Ricard (RI) -3.4% -1.5% 10.5% 12% - -
Europe Beverage 0% 3.6% 18.5% 6% 1.2% 37.6%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • RI outperformed the Beverage industry which returned 6% over the past year.
  • RI outperformed the Market in Austria which returned -2% over the past year.
Price Volatility
RI
Industry
5yr Volatility vs Market

RI Value

 Is Pernod Ricard 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 Pernod Ricard 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 Pernod Ricard.

WBAG:RI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 20 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.8%
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:RI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.7%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 33%) (19.9%))
0.789
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)
= 0.51% + (0.8 * 6.65%)
5.83%

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

The calculations below outline how an intrinsic value for Pernod Ricard 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:RI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.83%)
2019 1,413.42 Analyst x13 1,335.56
2020 1,583.64 Analyst x14 1,413.96
2021 1,716.15 Analyst x10 1,447.87
2022 1,839.50 Analyst x4 1,466.44
2023 2,000.00 Analyst x2 1,506.56
2024 2,110.78 Est @ 5.54% 1,502.42
2025 2,195.86 Est @ 4.03% 1,476.87
2026 2,261.17 Est @ 2.97% 1,437.02
2027 2,311.71 Est @ 2.24% 1,388.21
2028 2,351.41 Est @ 1.72% 1,334.26
Present value of next 10 years cash flows €14,309.17
WBAG:RI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €2,351.41 × (1 + 0.51%) ÷ (5.83% – 0.51%)
€44,424.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €44,424.89 ÷ (1 + 5.83%)10
€25,208.00
WBAG:RI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €14,309.17 + €25,208.00
€39,517.17
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €39,517.17 / 264.15
€149.6
WBAG:RI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:RI represents 1.00129x of ENXTPA:RI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00129x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 149.60 x 1.00129
€149.80
Value per share (EUR) From above. €149.80
Current discount Discount to share price of €154.90
= -1 x (€154.90 - €149.80) / €149.80
-3.4%

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

  • The current share price of Pernod Ricard 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 Pernod Ricard's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pernod Ricard's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:RI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €5.50
ENXTPA:RI Share Price ** ENXTPA (2019-04-18) in EUR €154.7
Europe Beverage Industry PE Ratio Median Figure of 50 Publicly-Listed Beverage Companies 22.92x
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 Pernod Ricard.

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

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

= 154.7 ÷ 5.50

28.13x

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

  • Pernod Ricard is overvalued based on earnings compared to the Europe Beverage industry average.
  • Pernod Ricard is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Pernod Ricard's expected growth come at a high price?
Raw Data
WBAG:RI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
9.4%per year
Europe Beverage Industry PEG Ratio Median Figure of 30 Publicly-Listed Beverage Companies 2.33x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.13x ÷ 9.4%

2.99x

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

  • Pernod Ricard is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pernod Ricard's assets?
Raw Data
WBAG:RI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €58.60
ENXTPA:RI Share Price * ENXTPA (2019-04-18) in EUR €154.7
Europe Beverage Industry PB Ratio Median Figure of 57 Publicly-Listed Beverage Companies 2.16x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:RI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 154.7 ÷ 58.60

2.64x

* Primary Listing of Pernod Ricard.

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

  • Pernod Ricard is overvalued based on assets compared to the Europe Beverage industry average.
X
Value checks
We assess Pernod Ricard'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. Pernod Ricard 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.

RI Future Performance

 How is Pernod Ricard expected to perform in the next 1 to 3 years based on estimates from 20 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
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pernod Ricard expected to grow at an attractive rate?
  • Pernod Ricard's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Pernod Ricard's earnings growth is expected to exceed the Austria market average.
  • Pernod Ricard's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:RI Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:RI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 9.4%
WBAG:RI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 5.5%
Europe Beverage Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
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:RI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:RI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 11,473 2,472 2,331 4
2022-06-30 10,912 2,274 2,229 6
2021-06-30 10,281 2,086 1,971 15
2020-06-30 9,747 1,896 1,833 20
2019-06-30 9,190 1,823 1,643 12
WBAG:RI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 9,235 1,563 1,453
2018-09-30 9,111 1,670 1,515
2018-06-30 8,987 1,776 1,577
2018-03-31 8,864 1,772 1,602
2017-12-31 8,886 1,767 1,626
2017-09-30 8,948 1,705 1,510
2017-06-30 9,010 1,642 1,393
2017-03-31 8,898 1,586 1,328
2016-12-31 8,785 1,529 1,263
2016-09-30 8,734 1,433 1,249
2016-06-30 8,682 1,336 1,235
2016-03-31 8,789 1,238 1,097

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pernod Ricard's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • Pernod Ricard's revenue is expected to grow by 5.5% 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:RI 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 20 Analyst Estimates (S&P Global) See Below

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

WBAG:RI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 9.87 9.88 9.85 2.00
2022-06-30 8.85 8.93 8.77 2.00
2021-06-30 7.56 8.08 7.15 10.00
2020-06-30 6.94 7.33 6.52 14.00
2019-06-30 6.21 6.65 5.63 15.00
WBAG:RI Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 5.50
2018-09-30 5.74
2018-06-30 5.97
2018-03-31 6.06
2017-12-31 6.16
2017-09-30 5.71
2017-06-30 5.27
2017-03-31 5.03
2016-12-31 4.78
2016-09-30 4.73
2016-06-30 4.68
2016-03-31 4.16

*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.
  • Pernod Ricard is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pernod Ricard'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.
Pernod Ricard has a total score of 3/6, 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.

RI Past Performance

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

WBAG:RI 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 9,235.00 1,453.00 3,308.00
2018-09-30 9,111.00 1,515.00 3,284.00
2018-06-30 8,987.00 1,577.00 3,260.00
2018-03-31 8,864.00 1,601.50 3,093.50
2017-12-31 8,886.00 1,626.00 3,099.00
2017-09-30 8,948.00 1,509.50 3,161.00
2017-06-30 9,010.00 1,393.00 3,223.00
2017-03-31 8,897.50 1,328.00 3,174.00
2016-12-31 8,785.00 1,263.00 3,125.00
2016-09-30 8,733.50 1,249.00 3,117.00
2016-06-30 8,682.00 1,235.00 3,109.00
2016-03-31 8,788.50 1,097.00 3,146.50
2015-12-31 8,895.00 959.00 3,184.00
2015-09-30 8,726.50 910.00 3,130.50
2015-06-30 8,558.00 861.00 3,077.00
2015-03-31 8,277.00 918.50 3,003.50
2014-12-31 7,996.00 976.00 2,930.00
2014-09-30 7,970.50 996.00 2,939.00
2014-06-30 7,945.00 1,016.00 2,948.00
2014-03-31 8,091.50 1,085.00 3,001.50
2013-12-31 8,238.00 1,154.00 3,055.00
2013-09-30 8,406.50 1,163.00 3,100.50
2013-06-30 8,575.00 1,172.00 3,146.00
2013-03-31 8,541.50 1,191.00 3,107.00
2012-12-31 8,508.00 1,192.00 3,101.00
2012-09-30 8,361.50 1,169.00 3,018.00
2012-06-30 8,215.00 1,146.00 2,935.00

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

RI Health

 How is Pernod Ricard'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 Pernod Ricard's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pernod Ricard is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pernod Ricard's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pernod Ricard'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 1.1x 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 Pernod Ricard Company Filings, last reported 3 months ago.

WBAG:RI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 15,659.00 8,130.00 910.00
2018-09-30 15,659.00 8,130.00 910.00
2018-06-30 14,978.00 7,718.00 754.00
2018-03-31 14,978.00 7,718.00 754.00
2017-12-31 14,556.00 8,274.00 886.00
2017-09-30 14,556.00 8,274.00 886.00
2017-06-30 13,886.00 8,552.00 677.00
2017-03-31 13,886.00 8,552.00 677.00
2016-12-31 14,021.00 9,692.00 728.00
2016-09-30 14,021.00 9,692.00 728.00
2016-06-30 13,506.00 9,362.00 569.00
2016-03-31 13,506.00 9,362.00 569.00
2015-12-31 13,844.00 9,855.00 524.00
2015-09-30 13,844.00 9,855.00 524.00
2015-06-30 13,288.00 9,631.00 545.00
2015-03-31 13,288.00 9,631.00 545.00
2014-12-31 12,945.00 9,724.00 581.00
2014-09-30 12,945.00 9,724.00 581.00
2014-06-30 11,778.00 8,938.00 477.00
2014-03-31 11,778.00 8,938.00 477.00
2013-12-31 11,629.00 9,320.00 653.00
2013-09-30 11,629.00 9,320.00 653.00
2013-06-30 11,179.00 9,326.00 606.00
2013-03-31 11,351.00 9,521.00 620.00
2012-12-31 11,458.00 10,087.00 878.00
2012-09-30 11,458.00 10,087.00 878.00
2012-06-30 10,972.00 10,176.00 787.00
  • Pernod Ricard's level of debt (51.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (80.1% vs 51.9% today).
  • Debt is not well covered by operating cash flow (19.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.5x coverage).
X
Financial health checks
We assess Pernod Ricard'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. Pernod Ricard 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.

RI Dividends

 What is Pernod Ricard'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
1.53%
Current annual income from Pernod Ricard dividends. Estimated to be 2.16% next year.
If you bought €2,000 of Pernod Ricard shares you are expected to receive €31 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?
  • Pernod Ricard's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Pernod Ricard's dividend is below 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:RI 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 20 Analyst Estimates (S&P Global) See Below
Europe Beverage Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 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:RI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 4.74 2.00
2022-06-30 4.25 3.00
2021-06-30 3.72 15.00
2020-06-30 3.33 20.00
2019-06-30 2.72 18.00
WBAG:RI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-11-21 2.360 1.595
2018-04-19 2.090 1.513
2017-11-09 2.020 1.534
2017-04-20 1.920 1.610
2016-11-17 1.880 1.771
2016-06-23 1.880 1.819
2015-09-24 1.960 1.966
2015-08-27 1.960 2.147
2015-06-26 1.640 1.556
2014-11-06 1.640 1.590
2014-06-25 1.670 1.911
2013-11-06 1.640 1.941
2013-06-19 1.650 1.848
2012-08-30 1.580 1.743
2012-06-27 1.490 1.734
2011-09-01 1.440 2.007
2011-06-15 1.400 2.156
2010-11-10 1.340 1.986
2010-09-29 1.460 2.315
2010-09-02 1.460 2.443
2010-06-25 1.220 1.958
2010-02-19 0.000 0.000
2010-02-18 0.000 0.000
2009-11-02 0.000 0.000
2009-06-18 1.167 2.317
2009-04-20 1.294 2.979

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Pernod Ricard's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Pernod Ricard'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 Pernod Ricard afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pernod Ricard has a total score of 5/6, see the detailed checks below.


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

RI Management

 What is the CEO of Pernod Ricard'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
Alexandre Ricard
COMPENSATION €4,134,613
AGE 46
TENURE AS CEO 4.2 years
CEO Bio

Mr. Alexandre Ricard has been the Chairman and Chief Executive Officer at Pernod-Ricard SA since February 11, 2015 and serves as its Member of Executive Board. Mr. Ricard has been Executive Director at Pernod-Ricard SA since November 2, 2009. He served as the Chief Operating Officer and Deputy Chief Executive Officer at Pernod-Ricard SA from August 29, 2012 to February 11, 2015. Mr. Ricard served as a Member of Management Board at Société Paul Ricard SA. Mr. Ricard served as the Managing Director of Distribution Network at Pernod-Ricard SA from September 01, 2011 to August 29, 2012. He served as the Chairman and Chief Executive Officer of Irish Distillers Group Limited from July 2008 to 2011. Mr. Ricard joined Pernod-Ricard SA in 2003, after spending seven years in consulting and strategy with Accenture and Merger & Acquisitions with Morgan Stanley, to work for the holding company, as part of the Audit and Development department and was appointed Finance and Administration Director of Irish Distillers at end 2004 and subsequently Managing Director of Pernod Ricard Asia Duty Free in September 2006. He serves as the Director of Martell & Co SA. He serves as Director of Bow Street Investments Ltd. and Fitzgerald & Co. Ltd. He has been a Director of Pernod-Ricard SA since November 2, 2009. He holds MA in International Studies from ESCP Business School and MBA in Finance Entrepreneurship from Wharton University of Pennsylvania.

CEO Compensation
  • Alexandre's compensation has been consistent with company performance over the past year.
  • Insufficient data for Alexandre to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Pernod Ricard management team in years:

1.8
Average Tenure
46
Average Age
  • The average tenure for the Pernod Ricard management team is less than 2 years, this suggests a new team.
Management Team

Alexandre Ricard

TITLE
Chairman
COMPENSATION
€4M
AGE
46
TENURE
4.2 yrs

Hélène de Tissot

TITLE
Managing Director of Finance
TENURE
0.8 yrs

Christian Porta

TITLE
MD of Global Business Development & Member of the Executive Board
AGE
55
TENURE
0.8 yrs

Amanda Hamilton-Stanley

TITLE
General Counsel & Member of Executive Board
TENURE
0.6 yrs

Mathieu Lambotte

TITLE
Group Chief Information Officer
TENURE
4.6 yrs

Julia Massies

TITLE
Vice President of Financial Communication & Investor Relations

Olivier Cavil

TITLE
Group Communications Director
AGE
45
TENURE
9.7 yrs

Dimitri Jansen

TITLE
Marketing Director
TENURE
0.3 yrs

Cédric Ramat

TITLE
Executive Vice President of Human Resources

Bryan Fry

TITLE
Managing Director of Pernod Ricard Pacific
AGE
46
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Pernod Ricard board of directors in years:

2.8
Average Tenure
52
Average Age
  • The average tenure for the Pernod Ricard board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alexandre Ricard

TITLE
Chairman
COMPENSATION
€4M
AGE
46
TENURE
4.2 yrs

Philippe Savinel

TITLE
Chairman and CEO of Ricard SAS & Pernod SAS
AGE
60
TENURE
14.3 yrs

Gilles Cambournac

TITLE
Chairman & CEO of Pernod Ricard World Trade Ops

Gilles Bogaert

TITLE
Chairman and CEO of EMEA & LATAM
AGE
49
TENURE
0.8 yrs

Paul Duffy

TITLE
Chairman & CEO of Pernod Ricard North America
AGE
52
TENURE
2.8 yrs

Bruno Rain

TITLE
Chairman & CEO of Pernod Ricard Winemakers
AGE
57
TENURE
2.8 yrs

Jean-Christophe P. Coutures

TITLE
Chairman & CEO of Chivas Brothers
AGE
51
TENURE
2.8 yrs

Philippe Guettat

TITLE
Chairman & CEO of Pernod Ricard Asia
AGE
54
TENURE
3.8 yrs

Anna Malmhake

TITLE
Chairwoman & CEO of The Absolut Company
AGE
52
TENURE
2.8 yrs

Mohit Lal

TITLE
Chairman & CEO of Pernod Ricard Global Travel Retail
TENURE
2.8 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 Pernod Ricard'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. Pernod Ricard 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.

RI News

Simply Wall St News

RI Company Info

Description

Pernod Ricard SA produces and sells beers, wines, and spirits in the Americas, Europe, Asia, and internationally. Its principal brands include Absolut, Ballantine’s, Beefeater, Chivas Regal, Kahlúa, Malibu, Martell, and Brancott Estate. The company was founded in 1805 and is headquartered in Paris, France.

Details
Name: Pernod Ricard SA
RI
Exchange: WBAG
Founded: 1805
€40,863,733,501
264,148,245
Website: http://www.pernod-ricard.com
Address: Pernod Ricard SA
12, place des États-Unis,
Paris,
Ile-de-France, 75116,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA RI Ordinary Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK PDRD.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB PER Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0HAT Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
SWX RI Ordinary Shares SIX Swiss Exchange CH CHF 02. Jan 1992
WBAG RI Ordinary Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE RIP Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK PDRD.Y ADR Pink Sheets LLC US USD 14. Oct 2008
Number of employees
Current staff
Staff numbers
18,536
Pernod Ricard employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:09
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/01/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.