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Reinet Investments S.C.A

ENXTAM:REINA
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
REINA
ENXTAM
€3B
Market Cap
  1. Home
  2. NL
  3. Diversified Financials
Company description

Reinet Investments S.C.A. operates as a securitization vehicle in Luxembourg. The last earnings update was 152 days ago. More info.


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REINA Share Price and Events
7 Day Returns
-4.6%
ENXTAM:REINA
0.9%
Europe Capital Markets
1.2%
NL Market
1 Year Returns
-3.9%
ENXTAM:REINA
-11.1%
Europe Capital Markets
2.5%
NL Market
REINA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Reinet Investments S.C.A (REINA) -4.6% -0.7% 14.1% -3.9% - -
Europe Capital Markets 0.9% 10.4% 8% -11.1% -1.3% -21.9%
NL Market 1.2% 4.8% 12.9% 2.5% 26.4% 32.3%
1 Year Return vs Industry and Market
  • REINA outperformed the Capital Markets industry which returned -11.1% over the past year.
  • REINA underperformed the Market in Netherlands which returned 2.5% over the past year.
Price Volatility
REINA
Industry
5yr Volatility vs Market

Value

 Is Reinet Investments S.C.A 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 Reinet Investments S.C.A 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 Reinet Investments S.C.A.

ENXTAM:REINA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €26.65 * 6.1%
€1.62
Book Value of Equity per Share Median Book Value from the past 5 years. €26.65
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year NL Government Bond Rate 0.4%

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 ENXTAM:REINA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 26.01%) (0%))
0.822
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.37% + (0.822 * 5.96%)
5.27%

Discounted Cash Flow Calculation for ENXTAM:REINA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Reinet Investments S.C.A is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTAM:REINA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.1% – 5.27%) * €26.65)
€0.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.21 / (5.27% - 0.37%)
€4.30
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €26.65 + €4.30
€30.95
ENXTAM:REINA Discount to Share Price
Calculation Result
Value per share (EUR) From above. €30.95
Current discount Discount to share price of €14.60
= -1 x (€14.60 - €30.95) / €30.95
52.8%

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

Current Discount
Amount off the current price Reinet Investments S.C.A is available for.
Intrinsic value
>50%
Share price is €14.6 vs Future cash flow value of €30.95
Current Discount Checks
For Reinet Investments S.C.A to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Reinet Investments S.C.A's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Reinet Investments S.C.A's share price is below the future cash flow value, and 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 Reinet Investments S.C.A's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Reinet Investments S.C.A's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:REINA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €-2.66
BDL:REINI Share Price ** BDL (2019-04-18) in EUR €14.6
Europe Capital Markets Industry PE Ratio Median Figure of 129 Publicly-Listed Capital Markets Companies 16.93x
Netherlands Market PE Ratio Median Figure of 81 Publicly-Listed Companies 18.04x

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

** Primary Listing of Reinet Investments S.C.A.

ENXTAM:REINA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BDL:REINI Share Price ÷ EPS (both in EUR)

= 14.6 ÷ -2.66

-5.48x

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

  • Reinet Investments S.C.A is loss making, we can't compare its value to the Europe Capital Markets industry average.
  • Reinet Investments S.C.A is loss making, we can't compare the value of its earnings to the Netherlands market.
Price based on expected Growth
Does Reinet Investments S.C.A's expected growth come at a high price?
Raw Data
ENXTAM:REINA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
58.8%per year
Europe Capital Markets Industry PEG Ratio Median Figure of 56 Publicly-Listed Capital Markets Companies 1.41x
Netherlands Market PEG Ratio Median Figure of 66 Publicly-Listed Companies 1.56x

*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 Reinet Investments S.C.A, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Reinet Investments S.C.A's assets?
Raw Data
ENXTAM:REINA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €24.71
BDL:REINI Share Price * BDL (2019-04-18) in EUR €14.6
Europe Capital Markets Industry PB Ratio Median Figure of 217 Publicly-Listed Capital Markets Companies 1.37x
Netherlands Market PB Ratio Median Figure of 104 Publicly-Listed Companies 1.99x
ENXTAM:REINA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BDL:REINI Share Price ÷ Book Value per Share (both in EUR)

= 14.6 ÷ 24.71

0.59x

* Primary Listing of Reinet Investments S.C.A.

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

  • Reinet Investments S.C.A is good value based on assets compared to the Europe Capital Markets industry average.
X
Value checks
We assess Reinet Investments S.C.A'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Reinet Investments S.C.A has a total score of 3/6, see the detailed checks below.

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

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

Future Performance

 How is Reinet Investments S.C.A expected to perform in the next 1 to 3 years based on estimates from 2 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
58.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Reinet Investments S.C.A expected to grow at an attractive rate?
  • Reinet Investments S.C.A's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Reinet Investments S.C.A's earnings growth is expected to exceed the Netherlands market average.
  • Reinet Investments S.C.A's revenue growth is expected to exceed the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:REINA Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTAM:REINA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 58.8%
ENXTAM:REINA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 51.3%
Europe Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 15.4%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 8.6%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 2.2%

*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
ENXTAM:REINA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTAM:REINA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 270 454 2
2020-03-31 254 433 2
2019-03-31 274 426 2
ENXTAM:REINA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 -519 37 -522
2018-06-30 -680 35 -683
2018-03-31 -840 32 -843
2017-12-31 -459 33 -462
2017-09-30 -77 33 -80
2017-06-30 369 32 367
2017-03-31 815 31 813
2016-12-31 638 31 636
2016-09-30 460 30 458
2016-06-30 319 31 317
2016-03-31 177 32 175
2015-12-31 376 32 374

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Reinet Investments S.C.A's earnings are expected to grow significantly at over 20% yearly.
  • Reinet Investments S.C.A's revenue is expected to grow significantly at over 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
ENXTAM:REINA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Reinet Investments S.C.A Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:REINA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
ENXTAM:REINA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 -2.66
2018-06-30 -3.48
2018-03-31 -4.30
2017-12-31 -2.36
2017-09-30 -0.41
2017-06-30 1.87
2017-03-31 4.15
2016-12-31 3.24
2016-09-30 2.34
2016-06-30 1.62
2016-03-31 0.89
2015-12-31 1.91

*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.
  • Reinet Investments S.C.A is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Reinet Investments S.C.A'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.
Reinet Investments S.C.A has a total score of 5/6, 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 Reinet Investments S.C.A 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 Reinet Investments S.C.A's growth in the last year to its industry (Capital Markets).
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.
  • Reinet Investments S.C.A does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Reinet Investments S.C.A's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Reinet Investments S.C.A's 1-year growth to the Europe Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Reinet Investments S.C.A'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 Reinet Investments S.C.A Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:REINA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -519.00 -522.00 3.00
2018-06-30 -679.50 -682.50 3.00
2018-03-31 -840.00 -843.00 3.00
2017-12-31 -458.50 -461.50 3.00
2017-09-30 -77.00 -80.00 3.00
2017-06-30 369.00 366.50 2.50
2017-03-31 815.00 813.00 2.00
2016-12-31 637.50 635.50 2.00
2016-09-30 460.00 458.00 2.00
2016-06-30 318.50 316.50 2.00
2016-03-31 177.00 175.00 2.00
2015-12-31 376.00 374.00 2.00
2015-09-30 575.00 573.00 2.00
2015-06-30 785.00 782.50 2.50
2015-03-31 995.00 992.00 3.00
2014-12-31 772.50 770.00 2.50
2014-09-30 550.00 548.00 2.00
2014-06-30 322.00 320.00 2.00
2014-03-31 94.00 92.00 2.00
2013-12-31 77.50 88.50 -9.50
2013-09-30 61.00 85.00 -21.00
2013-06-30 218.50 229.50 -9.50
2013-03-31 376.00 374.00 2.00
2012-12-31 667.50 568.50 69.00
2012-09-30 861.00 762.00 73.00
2012-06-30 913.00 813.50 68.50

*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 Reinet Investments S.C.A has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Reinet Investments S.C.A has efficiently used its assets last year compared to the Europe Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Reinet Investments S.C.A improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Reinet Investments S.C.A'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 Capital Markets 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.
Reinet Investments S.C.A 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 Reinet Investments S.C.A'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 Reinet Investments S.C.A's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Reinet Investments S.C.A is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Reinet Investments S.C.A has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Reinet Investments S.C.A'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.
  • Reinet Investments S.C.A has no debt, it does not need to be covered by short term assets.
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 Reinet Investments S.C.A Company Filings, last reported 6 months ago.

ENXTAM:REINA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 4,841.00 0.00 20.00
2018-06-30 4,841.00 0.00 20.00
2018-03-31 5,127.00 0.00
2017-12-31 5,127.00 0.00
2017-09-30 5,398.00 1.00
2017-06-30 5,398.00 1.00
2017-03-31 6,002.00 0.00
2016-12-31 6,002.00 0.00
2016-09-30 5,510.00 1.00
2016-06-30 5,510.00 1.00
2016-03-31 5,221.00 0.00 1.00
2015-12-31 5,221.00 0.00 1.00
2015-09-30 5,084.00 0.00 1.00
2015-06-30 5,084.00 0.00 1.00
2015-03-31 5,077.00 1.00
2014-12-31 5,077.00 1.00
2014-09-30 4,542.00 1.00 1.00
2014-06-30 4,542.00 1.00 1.00
2014-03-31 4,115.00 8.00
2013-12-31 4,115.00 8.00
2013-09-30 4,038.00 425.00 229.00
2013-06-30 4,038.00 425.00 229.00
2013-03-31 4,023.00 6.00
2012-12-31 4,036.00 435.00 326.00
2012-09-30 3,948.00 469.00 347.00
2012-06-30 3,948.00 469.00 347.00
  • Reinet Investments S.C.A has no debt.
  • Reinet Investments S.C.A has no debt compared to 5 years ago when it was 10.4%.
  • Reinet Investments S.C.A has no debt, it does not need to be covered by operating cash flow.
  • Reinet Investments S.C.A has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Reinet Investments S.C.A'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. Reinet Investments S.C.A has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Reinet Investments S.C.A'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
1.23%
Current annual income from Reinet Investments S.C.A dividends.
If you bought €2,000 of Reinet Investments S.C.A shares you are expected to receive €25 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?
  • Reinet Investments S.C.A's pays a lower dividend yield than the bottom 25% of dividend payers in Netherlands (2.21%).
  • Reinet Investments S.C.A's dividend is below the markets top 25% of dividend payers in Netherlands (5.63%).
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
ENXTAM:REINA 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 2 Analyst Estimates (S&P Global) See Below
Europe Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 104 Stocks 3.5%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.9%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.7%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.2%
Netherlands Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

ENXTAM:REINA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
ENXTAM:REINA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-08-28 0.180 1.309
2017-08-29 0.165 1.010
2016-05-25 0.161 0.858
2015-05-28 0.157 0.869
2014-05-19 0.153 0.847

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

  • Reinet Investments S.C.A is not paying a notable dividend for Netherlands, therefore no need to check if the payments are stable.
  • Reinet Investments S.C.A is not paying a notable dividend for Netherlands, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Reinet Investments S.C.A's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Reinet Investments S.C.A's dividends as it is not paying a notable one for Netherlands.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Reinet Investments S.C.A's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Reinet Investments S.C.A afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Reinet Investments S.C.A has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Reinet Investments S.C.A'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
Wilhelm van Zyl
AGE 53
TENURE AS CEO 4.3 years
CEO Bio

Mr. Wilhelm van Zyl serves as the Chief Executive Officer and Director at Reinet Fund Manager SA. Mr. van Zyl has been Chief Executive Officer of Reinet Investments Manager S A at Reinet Investments S.C.A. since January 2015 and has been its Director of Reinet Investments Manager S A since December 2014. He has been a Non-Executive Director at Pension Insurance Corporation plc since May 2015. He qualified as a Fellow member of the Institute and Faculty of Actuaries (United Kingdom) in 1994. He is also a Fellow member of the Actuarial Society of South Africa and completed the Harvard AMP program in 2005. Mr. van Zyl holds a BCom degree from the University of Stellenbosch.

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

Wilhelm van Zyl

TITLE
CEO & Director of Reinet Investments Manager S. A.
AGE
53
TENURE
4.3 yrs

Diane Longden

TITLE
Chief Financial Officer of Reinet Investments Manager S. A.
AGE
57

Swen Grundmann

TITLE
General Counsel & Company Secretary of Reinet Investments Manager S. A.
AGE
50
Board of Directors Tenure

Average tenure and age of the Reinet Investments S.C.A board of directors in years:

4.3
Average Tenure
66
Average Age
  • The tenure for the Reinet Investments S.C.A board of directors is about average.
Board of Directors

Johann Rupert

TITLE
Chairman of the Board of Reinet Investments Manager S. A.
AGE
68
TENURE
10.7 yrs

Wilhelm van Zyl

TITLE
CEO & Director of Reinet Investments Manager S. A.
AGE
53
TENURE
4.3 yrs

Yves Prussen

TITLE
Chairman of the Board of Overseers
AGE
71
TENURE
1.3 yrs

J. Grieve

TITLE
Non-Executive Director of Reinet Investments Manager S. A.
AGE
66
TENURE
10.7 yrs

Eloy Michotte

TITLE
Non-Executive Director of Reinet Investments Manager S. A.
AGE
70
TENURE
10.7 yrs

Josua Malherbe

TITLE
Non-Executive Director of Reinet Investments Manager S. A.
AGE
63
TENURE
9.6 yrs

John Li

TITLE
Member of the Board of Overseers
AGE
58
TENURE
3.7 yrs

Stuart Rowlands

TITLE
Member of the Board of Overseers
AGE
66
TENURE
2.7 yrs

Stuart Robertson

TITLE
Member of the Board of Overseers
AGE
63
TENURE
0.5 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 Reinet Investments S.C.A'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. Reinet Investments S.C.A has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Company Info

Description

Reinet Investments S.C.A. operates as a securitization vehicle in Luxembourg. The company, through its subsidiary, Reinet Fund S.C.A., F.I.S., engages in investment fund activities. Reinet Investments Manager S.A. serves as the general partner of Reinet Investments S.C.A. The company was formerly known as Richemont S.A. and changed its name to Reinet Investments S.C.A. in October 2008. Reinet Investments S.C.A. was incorporated in 1979 and is based in Luxembourg City, Luxembourg.

Details
Name: Reinet Investments S.C.A.
REINA
Exchange: ENXTAM
Founded: 1979
€2,790,294,373
191,116,053
Website: http://www.reinet.com
Address: Reinet Investments S.C.A.
35, Boulevard Prince Henri,
Luxembourg City,
1724,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BDL REINI New Ordinary Shares Bourse de Luxembourg LU EUR 21. Oct 2008
OTCPK REVN.F New Ordinary Shares Pink Sheets LLC US USD 21. Oct 2008
LSE 0JR9 New Ordinary Shares London Stock Exchange GB EUR 21. Oct 2008
ENXTAM REINA New Ordinary Shares Euronext Amsterdam NL EUR 21. Oct 2008
JSE RNI New Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 21. Oct 2008
Number of employees
Current staff
Staff numbers
0
Reinet Investments S.C.A employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 23:26
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2018/11/23
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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

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