Stock Analysis Report

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Executive Summary

Rémy Cointreau SA, together with its subsidiaries, produces and distributes liqueurs and spirits.

Snowflake Analysis

Excellent balance sheet with proven track record.

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Share Price & News

How has Rémy Cointreau's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: RCO's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




FR Beverage


FR Market

1 Year Return




FR Beverage


FR Market

Return vs Industry: RCO exceeded the French Beverage industry which returned -9.3% over the past year.

Return vs Market: RCO underperformed the French Market which returned -4.4% over the past year.

Shareholder returns

7 Day1.1%3.2%6.4%
30 Day12.6%7.1%13.0%
90 Day13.6%-3.1%-5.7%
1 Year-3.9%-5.7%-7.5%-9.3%-2.7%-4.4%
3 Year17.1%11.4%21.3%15.3%8.2%-0.5%
5 Year92.4%74.9%46.6%34.4%27.0%10.8%

Price Volatility Vs. Market

How volatile is Rémy Cointreau's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Rémy Cointreau undervalued compared to its fair value and its price relative to the market?


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: RCO (€111.8) is trading above our estimate of fair value (€55.07)

Significantly Below Fair Value: RCO is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: RCO is poor value based on its PE Ratio (35.8x) compared to the Beverage industry average (23.9x).

PE vs Market: RCO is poor value based on its PE Ratio (35.8x) compared to the French market (15x).

Price to Earnings Growth Ratio

PEG Ratio: RCO is poor value based on its PEG Ratio (2.6x)

Price to Book Ratio

PB vs Industry: RCO is overvalued based on its PB Ratio (4x) compared to the FR Beverage industry average (0.7x).

Next Steps

Future Growth

How is Rémy Cointreau forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RCO's forecast earnings growth (13.6% per year) is above the savings rate (0.6%).

Earnings vs Market: RCO's earnings (13.6% per year) are forecast to grow faster than the French market (13.3% per year).

High Growth Earnings: RCO's earnings are forecast to grow, but not significantly.

Revenue vs Market: RCO's revenue (5.8% per year) is forecast to grow faster than the French market (3.8% per year).

High Growth Revenue: RCO's revenue (5.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RCO's Return on Equity is forecast to be low in 3 years time (10.4%).

Next Steps

Past Performance

How has Rémy Cointreau performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: RCO has high quality earnings.

Growing Profit Margin: RCO's current net profit margins (13.9%) are higher than last year (13.2%).

Past Earnings Growth Analysis

Earnings Trend: RCO's earnings have grown by 15.3% per year over the past 5 years.

Accelerating Growth: RCO's earnings growth over the past year (6.4%) is below its 5-year average (15.3% per year).

Earnings vs Industry: RCO earnings growth over the past year (6.4%) exceeded the Beverage industry -4.8%.

Return on Equity

High ROE: RCO's Return on Equity (11.3%) is considered low.

Next Steps

Financial Health

How is Rémy Cointreau's financial position?

Financial Position Analysis

Short Term Liabilities: RCO's short term assets (€1.6B) exceed its short term liabilities (€594.2M).

Long Term Liabilities: RCO's short term assets (€1.6B) exceed its long term liabilities (€603.6M).

Debt to Equity History and Analysis

Debt Level: RCO's debt to equity ratio (40.5%) is considered high.

Reducing Debt: RCO's debt to equity ratio has reduced from 58% to 40.5% over the past 5 years.

Debt Coverage: RCO's debt is well covered by operating cash flow (29.1%).

Interest Coverage: RCO's interest payments on its debt are well covered by EBIT (24.6x coverage).

Balance Sheet

Next Steps


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: RCO's dividend (1.48%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.66%).

High Dividend: RCO's dividend (1.48%) is low compared to the top 25% of dividend payers in the French market (4.93%).

Stability and Growth of Payments

Stable Dividend: RCO's dividend payments have been volatile in the past 10 years.

Growing Dividend: RCO's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.9%), RCO's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: RCO's dividends in 3 years are forecast to be covered by earnings (53.6% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Éric Vallat



Mr. Éric Vallat serves as Chief Executive Officer of Rémy Cointreau since December 1, 2019. Mr. Éric Vallat served as Head of Fashion & Accessories Maisons at Compagnie Financière Richemont SA since June 1 ...

Leadership Team

Éric Vallat
Chief Executive Officer0.50yrno datano data
Luca Marotta
Chief Financial Officer6.67yrsno datano data
Patrick Marchand
Group Operations Directorno datano datano data
Marc-Henri Bernard
Group Human Resources Directorno datano datano data
David Ennes
Chief Executive Officer of Asia Pacific & Global Travel Retail4.92yrsno datano data
Spyridon Ghikas
Chief Executive Officer of EMEA Region4.92yrsno datano data
Christian Lafage
Head of Corporate Social Responsibilityno datano datano data
Valérie Alexandre-Courbon
Senior Vice President of Strategic Planningno datano datano data
Jean-Denis Voin
Chief Executive Officer of Liqueurs & Spiritsno datano datano data
Ian McLernon
Chief Executive Officer of Americas Regionno datano datano data


Average Tenure

Experienced Management: RCO's management team is considered experienced (4.9 years average tenure).

Board Members

Guylaine Saucier
Independent Directorno datano data0.00020% 11.1k
Marc Dubreuil
Chairman of the Board2.67yrs€514.44k0.00022% 12.2k
Francois Heriard Dubreuil
Director15.75yrs€40.00k0.00025% 13.9k
Dominique Hériard-Dubreuil
Director15.75yrs€43.00k0.0056% 312.4k
Emmanuel de Geuser
Independent Director5.92yrs€40.00k0.00020% 11.1k
Jacques-Etienne De T'Serclaes
Independent Director13.92yrs€50.00k0.0011% 64.0k
Olivier Jolivet
Independent Director6.75yrs€40.00k0.00020% 11.1k
Laure Dubreuil
Director8.92yrs€28.00k0.00021% 11.7k
Marie-Amélie Jacquet
Vice Chairman of the Board0.92yrno datano data
Bruno Pavlovsky
Independent Director4.92yrs€28.00k0.00020% 11.1k


Average Tenure


Average Age

Experienced Board: RCO's board of directors are considered experienced (6.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Rémy Cointreau SA's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Rémy Cointreau SA
  • Ticker: RCO
  • Exchange: ENXTPA
  • Founded: 1724
  • Industry: Distillers and Vintners
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €5.568b
  • Shares outstanding: 49.80m
  • Website: https://www.remy-cointreau.com

Number of Employees


  • Rémy Cointreau SA
  • Rue Joseph Pataa
  • Cognac
  • Poitou-Charentes
  • 16100
  • France


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
REMY.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992
RMCDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
RCOENXTPA (Euronext Paris)YesBearer SharesFREURJan 1992
0MGULSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
RCOPBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
RCOSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1992
RMCETLX (Eurotlx)YesBearer SharesITEURJan 1992


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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 09:12
End of Day Share Price2020/06/03 00:00
Annual Earnings2019/03/31

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.