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RCO - Rémy Cointreau SA

PAR -> Consumer Defensive -> Beverages—Wineries & Distilleries
Cognac, France
Type: Equity

RCO price evolution
RCO
(in millions $) 30 Oct 2023 1 May 2023 30 Oct 2022 1 May 2022
Current assets
Cash $277.6 $72.7 $94.9 $116.3
Short term investments
Net receivables $291.4 $185 $303.4 $260.5
Inventory $1839.3 $1815.8 $1647.6 $1615.5
Total current assets $2520.3 $2182.5 $2149 $1996
Long term investments $17
Property, plant & equipment $463.4 $449.1 $401.7 $392.3
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $3543.7 $3187 $3145.4 $2978.6
Current liabilities
Accounts payable $568.1 $609.2 $549.7 $572
Deferred revenue
Short long term debt $46.6
Total current liabilities $1006.9 $1035.3 $1015.9 $867.2
Long term debt $586.3 $260.2 $309.8 $363.9
Total noncurrent liabilities
Total debt
Total liabilities $1766 $1432.6 $1406.2 $1317.9
Shareholders' equity
Retained earnings $889.7 $920.7 $800 $748.4
Other shareholder equity $33.3 $29.7 $41.9 $31.8
Total shareholder equity $1660.7
(in millions $) 1 May 2023 1 May 2022 30 Mar 2021 30 Mar 2020
Current assets
Cash $72.7 $116.3 $201 $269.4
Short term investments
Net receivables $185 $260.5 $120.4 $153.2
Inventory $1815.8 $1615.5 $1492.5 $1363.9
Total current assets $2182.5 $1996 $1861.2 $1848.2
Long term investments $17 $21.7 $84.2
Property, plant & equipment $449.1 $392.3 $354 $330.9
Goodwill & intangible assets
Total noncurrent assets
Total investments
Total assets $3187 $2978.6 $2781.1 $2788.7
Current liabilities
Accounts payable $609.2 $572 $330 $328.7
Deferred revenue
Short long term debt $46.6 $6 $188.3
Total current liabilities $1035.3 $867.2 $719.8 $841.6
Long term debt $260.2 $363.9 $412.2 $435.3
Total noncurrent liabilities $422
Total debt
Total liabilities $1432.6 $1317.9 $1231.9 $1385.3
Shareholders' equity
Retained earnings $920.7 $748.4 -$15.7 -$24.9
Other shareholder equity $29.7 $31.8 $673.6 $582.1
Total shareholder equity $1660.7 $1548.4 $1402.5
(in millions $) 30 Oct 2023 1 May 2023 30 Oct 2022 1 May 2022
Revenue
Total revenue $636.7 $681.4 $867.1 $667.6
Cost of revenue
Gross Profit $459.9 $550 $623.7 $455.2
Operating activities
Research & development
Selling, general & administrative
Total operating expenses $290.8 $438.8 $308.4 $334.2
Operating income
Income from continuing operations
EBIT
Income tax expense $40.8 $29.4 $86.9 $37.5
Interest expense -$13.1 -$3.1 -$5.8
Net income
Net income $112.8 $70 $223.7 $78.5
Income (for common shares)
(in millions $) 1 May 2023 1 May 2022 30 Mar 2021 30 Mar 2020
Revenue
Total revenue $1548.5 $1312.9 $1010.2 $1024.8
Cost of revenue $330.1 $347.9
Gross Profit $1103.8 $901.1 $680.1 $676.9
Operating activities
Research & development
Selling, general & administrative $444.1 $461.8
Total operating expenses $669.8 $580.8 $774.2 $810.6
Operating income $236 $214.2
Income from continuing operations
EBIT $236 $214.2
Income tax expense $116.3 $95.6 $77.6 $60.9
Interest expense -$11.7 -$13.2 -$12.3 -$10.9
Net income
Net income $293.8 $212.5 $144.5 $113.4
Income (for common shares) $144.5 $113.4
(in millions $) 30 Oct 2023 1 May 2023 30 Oct 2022 1 May 2022
Net income
Operating activities
Depreciation
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations
Investing activities
Capital expenditures
Investments
Total cash flows from investing -$45.5 -$59.3 -$35 -$65.7
Financing activities
Dividends paid -$111 -$93.7
Sale and purchase of stock
Net borrowings
Total cash flows from financing $306.7 -$107.2 -$48.4 -$175.1
Effect of exchange rate -$4.1 -$0.2 $13.8 $11.4
Change in cash and equivalents $203.9 -$42.7 -$21.3 -$84.7
(in millions $) 1 May 2023 1 May 2022 30 Mar 2021 30 Mar 2020
Net income $144.5 $113.4
Operating activities
Depreciation $34 $33.4
Business acquisitions & disposals
Stock-based compensation
Total cash flows from operations $177 $80.5
Investing activities
Capital expenditures -$54 -$64.8
Investments $67.8 $11.4
Total cash flows from investing -$59.3 -$65.7 $8.4 -$52.5
Financing activities
Dividends paid -$111 -$93.7 -$9.6 -$82.19
Sale and purchase of stock
Net borrowings -$245.6 $196
Total cash flows from financing -$107.2 -$175.1 -$253.2 $62.1
Effect of exchange rate -$0.2 $11.4 -$0.6 $0.6
Change in cash and equivalents -$42.6 -$84.7 -$68.4 $90.8
Fundamentals
Market cap $4.74B
Enterprise value N/A
Shares outstanding 50.90M
Revenue $2.85B
EBITDA N/A
EBIT N/A
Net Income $485.00M
Revenue Q/Q 90.74%
Revenue Y/Y 124.84%
P/E ratio 9.77
EV/Sales N/A
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 1.66
P/B ratio N/A
Book/Share N/A
Cash/Share 5.45
EPS $9.53
ROA 15.09%
ROE N/A
Debt/Equity N/A
Net debt/EBITDA N/A
Current ratio 2.50
Quick ratio 0.68