Rémy Cointreau : Des commentaires constructifs sur la stratégie du groupe et la trajectoire du marché du cognac à long terme
>Surperformance maintenue avec un OC inchangé à 129 € - Nous maintenons notre rating à surperformance sur Rémy Cointreau avec un OC inchangé à 129 €. A 23x de PE NTM, le niveau de valorisation historiquement bas offre une opportunité d’entrée inédite sur le titre à un moment où l’amélioration des performances opérationnelles et la reprise du marché du cognac aux US devraient soutenir son rerating.Avec une baisse de 47% du ROC et de -49% des BPA au S1 FY 23/24, no...Remy Cointreau is an operator in the global wines and spirits market. Co. produces, markets and distributes Cognac, Liquors and Spirits and other non-group brand alcoholic beverages. Co.'s primary cognac brand is Remy Martin, produced from Petite Champagne and Grande Champagne eaux-de-vie. Co.'s principal liquor and spirits include the following brands: Cointreau, Passoa, Metaxa, St Remy, and Mount Gay. Co. also operates a distribution network that handles products from partners and third-party companies. Major non-group products distributed by Co. include Scotch Whiskies (Edrington brand), Champagne (Piper-Heidsieck and Charles Heidsieck brands) and Vodka.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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