Bodegas Riojanas

BME:RIO

Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

RIO

BME

€24M

Market Cap

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Last updated 2019/04/22 20:39

Company description

Bodegas Riojanas, S.A. engages in winemaking business in Spain. The last earnings update was 53 days ago. More info.

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RIO Share Price and Events

7 Day Returns

BME:RIO

0.5%

Europe Beverage

1.2%

ES Market

1 Year Returns

-1.8%

BME:RIO

7.3%

Europe Beverage

-1.9%

ES Market

RIO Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
Bodegas Riojanas (RIO)	0%	12.2%	-9.8%	-1.8%	21%	-1%
Europe Beverage	0.5%	4.7%	17.5%	7.3%	4.6%	39.4%
ES Market	1.2%	3.5%	5.9%	-1.9%	6.3%	-9.4%

1 Year Return vs Industry and Market

RIO underperformed the Beverage industry which returned 7.3% over the past year.

Price Volatility

RIO

Industry

5yr Volatility vs Market

Related Companies

Barón de Ley

BME:BDL

Add Compare

Value

Is Bodegas Riojanas 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 Bodegas Riojanas 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 Bodegas Riojanas.

BME:RIO Discounted Cash Flow Data Sources
Data Point	Source	Value
Valuation Model		2 Stage Free Cash Flow to Equity
Levered Free Cash Flow	Extrapolated from most recent financials.	See below
Discount Rate (Cost of Equity)	See below	9.8%
Perpetual Growth Rate	10-Year ES Government Bond Rate	1.5%

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 BME:RIO
Data Point	Calculation/ Source	Result
Risk-Free Rate	10-Year ES Govt Bond Rate	1.5%
Equity Risk Premium	S&P Global	8.2%
Beverage Unlevered Beta	Simply Wall St/ S&P Global	0.61
Re-levered Beta	= Unlevered beta (1 + (1- tax rate) (Debt/Equity)) = 0.605 (1 + (1- 25%) (88.9%))	1.006
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.01
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 1.53% + (1.006 * 8.18%)	9.76%

Discounted Cash Flow Calculation for BME:RIO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bodegas Riojanas 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.

BME:RIO DCF 1st Stage: Next 10 year cash flow forecast
	Levered FCF (EUR, Millions)	Source	Present Value Discounted (@ 9.76%)
2019	2.08	Est @ 5.72%	1.90
2020	2.17	Est @ 4.46%	1.81
2021	2.25	Est @ 3.58%	1.70
2022	2.32	Est @ 2.96%	1.60
2023	2.38	Est @ 2.53%	1.49
2024	2.43	Est @ 2.23%	1.39
2025	2.48	Est @ 2.02%	1.29
2026	2.53	Est @ 1.87%	1.20
2027	2.57	Est @ 1.77%	1.11
2028	2.61	Est @ 1.7%	1.03
Present value of next 10 years cash flows			€14.52

BME:RIO DCF 2nd Stage: Terminal Value
	Calculation	Result
Terminal Value	= FCF₂₀₂₈ × (1 + g) ÷ (Discount Rate – g) = €2.61 × (1 + 1.53%) ÷ (9.76% – 1.53%)	€32.26
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)¹⁰ = €32.26 ÷ (1 + 9.76%)¹⁰	€12.72

BME:RIO Total Equity Value
	Calculation	Result
Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = €14.52 + €12.72	€27.24
Equity Value per Share (EUR)	= Total value / Shares Outstanding = €27.24 / 4.82	€5.65

BME:RIO Discount to Share Price
	Calculation	Result
Value per share (EUR)	From above.	€5.65
Current discount	Discount to share price of €4.96 = -1 x (€4.96 - €5.65) / €5.65	12.3%

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

Current Discount

Amount off the current price Bodegas Riojanas is available for.

12%

Share price is €4.96 vs Future cash flow value of €5.65

Current Discount Checks

For Bodegas Riojanas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.

Bodegas Riojanas's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Bodegas Riojanas'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 Bodegas Riojanas's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are Bodegas Riojanas's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

BME:RIO PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2018-12-31) in EUR	€-0.13
BME:RIO Share Price **	BME (2019-04-18) in EUR	€4.96
Europe Beverage Industry PE Ratio	Median Figure of 50 Publicly-Listed Beverage Companies	22.77x
Spain Market PE Ratio	Median Figure of 132 Publicly-Listed Companies	17.89x

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

** Primary Listing of Bodegas Riojanas.

BME:RIO PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= BME:RIO Share Price ÷ EPS (both in EUR) = 4.96 ÷ -0.13	-37.64x

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

Bodegas Riojanas is loss making, we can't compare its value to the Europe Beverage industry average.
Bodegas Riojanas is loss making, we can't compare the value of its earnings to the Spain market.

Price based on expected Growth

Does Bodegas Riojanas's expected growth come at a high price?

Raw Data

BME:RIO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	-37.64x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts	36.2%per year
Europe Beverage Industry PEG Ratio	Median Figure of 30 Publicly-Listed Beverage Companies	2.34x
Spain Market PEG Ratio	Median Figure of 75 Publicly-Listed Companies	1.35x

*Line of best fit is calculated by linear regression .

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

Unable to calculate PEG ratio for Bodegas Riojanas, we can't assess if its growth is good value.

Price based on value of assets

What value do investors place on Bodegas Riojanas's assets?

Raw Data

BME:RIO PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2018-12-31) in EUR	€4.10
BME:RIO Share Price *	BME (2019-04-18) in EUR	€4.96
Europe Beverage Industry PB Ratio	Median Figure of 57 Publicly-Listed Beverage Companies	2.16x
Spain Market PB Ratio	Median Figure of 180 Publicly-Listed Companies	1.84x

BME:RIO PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= BME:RIO Share Price ÷ Book Value per Share (both in EUR) = 4.96 ÷ 4.10	1.21x

* Primary Listing of Bodegas Riojanas.

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

Bodegas Riojanas is good value based on assets compared to the Europe Beverage industry average.

Value checks

We assess Bodegas Riojanas's value by looking at:

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. )
Is the PE ratio less than the market average, and/ or less than the Beverage industry average (and greater than 0)? (2 checks)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the Beverage industry average (and greater than 0)? (1 check)

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

Future Performance

How is Bodegas Riojanas expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

No analysts cover Bodegas Riojanas, future earnings growth has been estimated based on fundamentals.

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!

36.2%

Expected annual growth in earnings.

Earnings growth vs Low Risk Savings

Is Bodegas Riojanas expected to grow at an attractive rate?

Bodegas Riojanas's earnings growth is expected to exceed the low risk savings rate of 1.5%.

Growth vs Market Checks

Bodegas Riojanas's earnings growth is expected to exceed the Spain market average.
Unable to compare Bodegas Riojanas's revenue growth to the Spain market average as no estimate data is available.

Annual Growth Rates Comparison

Raw Data

BME:RIO Future Growth Rates Data Sources
Data Point	Source	Value (per year)
BME:RIO Future Earnings Growth Rate	Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts	36.2%
Europe Beverage Industry Earnings Growth Rate	Market Cap Weighted Average	12.2%
Europe Beverage Industry Revenue Growth Rate	Market Cap Weighted Average	4.3%
Spain Market Earnings Growth Rate	Market Cap Weighted Average	9.8%
Spain Market Revenue Growth Rate	Market Cap Weighted Average	5.4%

*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

BME:RIO Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (3 months ago)	See Below
Future Estimates	Average of up to 0 Analyst Estimates (S&P Global)	See Below

All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.

BME:RIO Past Financials Data
Date (Data in EUR Millions)	Revenue	Cash Flow	Net Income *
2018-12-31	19	4	-1
2018-09-30	21		1
2018-06-30	22	3	1
2018-03-31	22		1
2017-12-31	22	4	1
2017-09-30	21		1
2017-06-30	20	2	0
2017-03-31	19		1
2016-12-31	19	2	0
2016-09-30	18		1
2016-06-30	18	-3	1
2016-03-31	18		1

*GAAP earnings excluding extraordinary items.

High Growth Checks

Bodegas Riojanas's earnings are expected to grow significantly at over 20% yearly.
Unable to determine if Bodegas Riojanas is high growth as no revenue estimate data is available.

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

BME:RIO 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 0 Analyst Estimates (S&P Global)	See Below

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

BME:RIO Past Financials Data
Date (Data in EUR Millions)	EPS *
2018-12-31	-0.13
2018-09-30
2018-06-30	0.12
2018-03-31
2017-12-31	0.13
2017-09-30
2017-06-30	-0.05
2017-03-31
2016-12-31	-0.02
2016-09-30
2016-06-30	0.19
2016-03-31

*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.

Unable to establish if Bodegas Riojanas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Show me more growth companies in the Beverage industry

Future performance checks

We assess Bodegas Riojanas's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
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.
Bodegas Riojanas 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.

Past Performance

How has Bodegas Riojanas 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 Bodegas Riojanas'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.

Bodegas Riojanas does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
Unable to compare Bodegas Riojanas's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare Bodegas Riojanas's 1-year growth to the Europe Beverage industry average as it is not currently profitable.

Earnings and Revenue History

Bodegas Riojanas'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 Bodegas Riojanas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:RIO Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions)	Revenue	Net Income *	G+A Expenses
2018-12-31	19.21	-0.64	6.93
2018-09-30	21.06	0.57	6.63
2018-06-30	21.84	0.58	6.64
2018-03-31	21.72	0.64	6.63
2017-12-31	21.84	0.63	6.59
2017-09-30	20.55	1.25	6.30
2017-06-30	19.76	-0.26	6.42
2017-03-31	18.85	1.08	6.30
2016-12-31	18.56	-0.11	6.30
2016-09-30	18.46	1.08	5.59
2016-06-30	18.01	1.00	5.73
2016-03-31	18.01	1.03	5.59
2015-12-31	17.66	0.99	5.59
2015-09-30	18.35	1.11	5.50
2015-06-30	17.90	1.12	5.54
2015-03-31	17.70	0.94	5.50
2014-12-31	17.33	0.89	5.50
2014-09-30	16.98	0.85	5.24
2014-06-30	16.99	0.87	5.29
2014-03-31	16.75	0.81	5.24
2013-12-31	16.94	0.83	5.24
2013-09-30	17.36	0.83	5.05
2013-06-30	17.27	0.79	5.40
2013-03-31	16.96	0.77	5.05
2012-12-31	16.74	0.74	5.16
2012-09-30	16.34	0.73	4.67
2012-06-30	16.37	0.74	4.51

*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.

It is difficult to establish if Bodegas Riojanas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
It is difficult to establish if Bodegas Riojanas has efficiently used its assets last year compared to the Europe Beverage industry average (Return on Assets) as it is loss-making.
It is difficult to establish if Bodegas Riojanas improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.

Past performance checks

We assess Bodegas Riojanas's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the Beverage industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Bodegas Riojanas has a total score of 0/6, 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 Bodegas Riojanas'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 Bodegas Riojanas's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

Bodegas Riojanas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Bodegas Riojanas's cash and other short term assets cover its long term commitments.

Balance sheet

This treemap shows a more detailed breakdown of Bodegas Riojanas'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 1.6x 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 Bodegas Riojanas Company Filings, last reported 3 months ago.

BME:RIO Past Debt and Equity Data
Date (Data in EUR Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2018-12-31	19.87	21.25	0.02
2018-09-30	20.84	24.08	0.14
2018-06-30	20.84	24.08	0.14
2018-03-31	21.25	23.21	0.12
2017-12-31	21.25	23.21	0.12
2017-09-30	23.63	26.23	0.08
2017-06-30	23.63	26.23	0.08
2017-03-31	23.77	25.35	0.11
2016-12-31	21.30	25.35	0.11
2016-09-30	25.28	24.65	0.12
2016-06-30	25.28	24.65	0.12
2016-03-31	25.55	21.70	0.10
2015-12-31	25.55	21.70	0.10
2015-09-30	24.88	18.32	0.25
2015-06-30	24.88	18.32	0.25
2015-03-31	25.11	20.21	0.27
2014-12-31	25.11	20.21	0.09
2014-09-30	24.47	16.14	1.41
2014-06-30	24.47	16.14	1.41
2014-03-31	24.88	20.46	0.32
2013-12-31	24.88	20.46	0.08
2013-09-30	24.25	16.21	0.18
2013-06-30	24.25	16.21	0.18
2013-03-31	24.82	21.53	0.19
2012-12-31	24.82	21.53	0.22
2012-09-30	24.03	18.86	0.09
2012-06-30	24.03	18.86	0.09

Bodegas Riojanas's level of debt (107%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (82.2% vs 107% today).
Debt is not well covered by operating cash flow (17.2%, less than 20% of total debt).
Unable to confirm if the interest payments on Bodegas Riojanas's debt are well covered by earnings due to lack of past financial data.

Financial health checks

We assess Bodegas Riojanas's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
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 Bodegas Riojanas'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

Current annual income from Bodegas Riojanas dividends.

If you bought €2,000 of Bodegas Riojanas shares you are expected to receive €0 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?

Unable to evaluate Bodegas Riojanas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Bodegas Riojanas's dividend against the top 25% market benchmark as the company has not reported any payouts.

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

BME:RIO 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 0 Analyst Estimates (S&P Global)	See Below
Europe Beverage Industry Average Dividend Yield	Market Cap Weighted Average of 44 Stocks	2%
Spain Market Average Dividend Yield	Market Cap Weighted Average of 75 Stocks	4.3%
Spain Minimum Threshold Dividend Yield	10th Percentile	1.1%
Spain Bottom 25% Dividend Yield	25th Percentile	1.9%
Spain Top 25% Dividend Yield	75th Percentile	5%

Industry and Market average data is calculated daily.

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

BME:RIO Past Annualized Dividends Data
Date (Data in €)	Dividend per share (annual)	Avg. Yield (%)
2019-02-28	0.000	0.000
2018-04-13	0.140	2.485
2018-03-01	0.140	2.486
2017-05-03	0.140	2.710
2017-02-28	0.140	3.126
2016-05-03	0.140	3.336
2016-02-29	0.140	3.524
2015-05-29	0.120	2.955
2015-02-27	0.120	2.730
2014-04-22	0.110	2.388
2014-02-27	0.110	2.121
2013-04-26	0.100	2.153
2013-02-28	0.100	2.223
2012-07-25	0.100	2.111
2012-02-24	0.100	2.167
2011-10-14	0.100	1.996
2011-04-18	0.100	1.636
2010-10-22	0.100	1.437
2010-06-08	0.081	1.087
2010-04-28	0.100	1.306
2010-02-26	0.100	1.351
2009-11-02	0.100	1.360
2009-04-23	0.100	1.292

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

Unable to perform a dividend volatility check as Bodegas Riojanas has not reported any payouts.
Unable to verify if Bodegas Riojanas's dividend has been increasing as the company has not reported any payouts.

Current Payout to shareholders

What portion of Bodegas Riojanas's earnings are paid to the shareholders as a dividend.

Unable to calculate sustainability of dividends as Bodegas Riojanas has not reported any payouts.

Future Payout to shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.

Income/ dividend checks

We assess Bodegas Riojanas's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
How sustainable is the dividend, can Bodegas Riojanas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

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

Management

What is the CEO of Bodegas Riojanas'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

Santiago Frías Monje

COMPENSATION

€135,000

CEO Bio

Mr. Santiago Frías Monje serves as the Chief Executive Officer of Bodegas Riojanas, S.A. and served as its General Manager since 2009. Mr. Frías Monje has been an Executive Director of Bodegas Riojanas, S.A. 2005. He has been a Director at Bodegas Torreduero, S.A. since 2003. He holds Degree in Administration and Management, and Degree in Law from Universidad San Pablo CEU.

CEO Compensation

Santiago's compensation has been consistent with company performance over the past year.
Santiago's remuneration is higher than average for companies of similar size in Spain.

Average tenure of the Bodegas Riojanas board of directors in years:

15.8

Average Tenure

The average tenure for the Bodegas Riojanas board of directors is over 10 years, this suggests they are a seasoned and experienced board.

Board of Directors

Luis Zapatero González

TITLE

Chairman

COMPENSATION

€9K

TENURE

27.3 yrs

Santiago Frías Monje

TITLE

Chief Executive Officer and Executive Director

COMPENSATION

€135K

TENURE

TITLE

Bodegas Riojanas insiders have only sold shares in the past 3 months, but not in substantial volumes.

Recent Insider Transactions

Announced	Type	Name	Entity	Start	End	Shares	Max Price (€)	Value (€)
27. Mar 19	Sell	Infazar SL	Company	13. Mar 19	20. Mar 19	-1,000	€4.98	€-4,919
18. Mar 19	Sell	Felipe Nalda Frias	Individual	11. Mar 19	11. Mar 19	-1,000	€5.05	€-5,046
01. Mar 19	Sell	Infazar SL	Company	14. Feb 19	01. Mar 19	-900	€5.15	€-4,623
16. Jan 19	Sell	Infazar SL	Company	04. Jan 19	09. Jan 19	-900	€5.40	€-4,778
04. Jan 19	Sell	Felipe Nalda Frias	Individual	27. Dec 18	27. Dec 18	-600	€5.40	€-3,240
02. Jan 19	Sell	Felipe Nalda Frias	Individual	27. Dec 18	27. Dec 18	-600	€5.40	€-3,240
10. Dec 18	Sell	Infazar SL	Company	28. Nov 18	05. Dec 18	-1,800	€5.77	€-10,272
16. Nov 18	Sell	Infazar SL	Company	12. Nov 18	12. Nov 18	-1,000	€5.80	€-5,800
25. Sep 18	Sell	Felipe Nalda Frias	Individual	20. Sep 18	20. Sep 18	-3,000	€5.75	€-17,115
06. Sep 18	Sell	Felipe Nalda Frias	Individual	31. Aug 18	31. Aug 18	-1,000	€5.70	€-5,700
06. Sep 18	Sell	Infazar SL	Company	24. Aug 18	27. Aug 18	-1,400	€5.75	€-8,033
03. Aug 18	Sell	Felipe Nalda Frias	Individual	25. Jul 18	25. Jul 18	-500	€5.65	€-2,825
02. Jul 18	Sell	Felipe Nalda Frias	Individual	25. Jun 18	25. Jun 18	-1,000	€5.95	€-5,950
18. Jun 18	Sell	Infazar SL	Company	06. Jun 18	13. Jun 18	-1,350	€5.62	€-7,565
31. May 18	Sell	Infazar SL	Company	03. May 18	18. May 18	-1,330	€5.70	€-7,544

Management checks

We assess Bodegas Riojanas's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

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

You Might Like Bodegas Riojanas, S.A. (BME:RIO) But Do You Like Its Debt?

(BME:RIO) is a small-cap stock with a market capitalization of €24m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St - 4 days ago – Full article

Imagine Owning Bodegas Riojanas (BME:RIO) And Wondering If The 20% Share Price Slide Is Justified

(BME:RIO) share price slid 20% over twelve months. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the last year Bodegas Riojanas saw its earnings per share drop below zero.

Simply Wall St - 1 month ago – Full article

Should You Be Worried About Bodegas Riojanas, S.A.'s (BME:RIO) 2.8% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every €1 worth of shareholders' equity, it generated €0.028 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St - 2 months ago – Full article

Why Bodegas Riojanas, S.A.’s (BME:RIO) Return On Capital Employed Might Be A Concern

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St - 2 months ago – Full article

Do Institutions Own Bodegas Riojanas, S.A. (BME:RIO) Shares?

Bodegas Riojanas is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that. … See our latest analysis for Bodegas Riojanas

Simply Wall St - 3 months ago – Full article

Should Bodegas Riojanas SA (BME:RIO) Be Part Of Your Income Portfolio?

Historically, Bodegas Riojanas SA (BME:RIO) has paid a dividend to shareholders. … Does Bodegas Riojanas tick all the boxes of a great dividend stock? … View our latest analysis for Bodegas Riojanas

Simply Wall St - 4 months ago – Full article

Should You Be Worried About Bodegas Riojanas SA's (BME:RIO) 2.8% Return On Equity?

Our data shows Bodegas Riojanas has a return on equity of 2.8% for the last year. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.028. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St - 5 months ago – Full article

Is Bodegas Riojanas SA's (BME:RIO) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St - 8 months ago – Full article

Is Bodegas Riojanas SA (BME:RIO) A Smart Pick For Income Investors?

In the past 10 years Bodegas Riojanas SA (BME:RIO) has returned an average of 2.00% per year to investors in the form of dividend payouts. … Does Bodegas Riojanas tick all the boxes of a great dividend stock? … Check out our latest analysis for Bodegas Riojanas

Simply Wall St - 8 months ago – Full article

Bodegas Riojanas SA (BME:RIO): Ex-Dividend Is In 2 Days, Should You Buy?

If you are interested in cashing in on Bodegas Riojanas SA's (BME:RIO) upcoming dividend of €0.11 per share, you only have 2 days left to buy the shares before its ex-dividend date, 16 July 2018, in time for dividends payable on the 18 July 2018. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Check out our latest analysis for Bodegas Riojanas

Simply Wall St - 9 months ago – Full article

Company Info

Description

Bodegas Riojanas, S.A. engages in winemaking business in Spain. It also sells its products online. The company was founded in 1890 and is based in Cenicero, Spain.

Details

Name:	Bodegas Riojanas, S.A.
Ticker:	RIO
Exchange:	BME
Founded:	1890
Market Cap:	€23,902,106
Shares outstanding:	4,818,973
Website:	http://www.bodegasriojanas.com
Address:	Bodegas Riojanas, S.A. Avda. Dr. Ricardo Ruiz Azcárraga, 1, Cenicero, La Rioja, 26350, Spain

Listings

	Exchange Symbol	Ticker Symbol	Security	Exchange	Country	Currency	Listed on
	BME	RIO	Common Stock	Bolsas y Mercados Espanoles	ES	EUR	30. Sep 1997
	LSE	0O82	Common Stock	London Stock Exchange	GB	EUR	30. Sep 1997

Number of employees

Current staff

108

Bodegas Riojanas employees.

Industry

Industry:	Distillers and Vintners
Sector:	Food, Beverage & Tobacco

Company Analysis and Financial Data Status

Area	Date (UTC time)
Company Analysis updated:	2019/04/22 20:39
End of day share price update:	2019/04/18 00:00
Last earnings filing:	2019/02/28
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.

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