One-glance verdict
Within fair range
$3.36 our estimate vs market $4.71
40% above our estimate
Fundamentals snapshot
Rémy Cointreau SA
REMYY · PNK · Consumer Defensive · Beverages - Wineries & Distilleries
Current price
$4.71
52-week range
$3.98 - $5.82
Market cap
$2.47B
Balance sheet
Watch
4.86x Stretched
Net debt $793.17M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
3 Risks
2 rewards · 3 risks
- Reward Free cash flow was positive in 4/10 years.
- Reward Dividend yield is 1.8% with 8-year payout history.
- Risk Net debt grew 28.7% over 3 years.
- Risk Operating margin compressed from 28.3% to 13.0% over 3 years.
What this company does
Rémy Cointreau SA
Rémy Cointreau is a French company that creates and sells well-known luxury spirits, including Rémy Martin cognac and Cointreau liqueur. The company makes most of its money from its very expensive cognacs, which have high profit margins (the percentage of each sale that is actual profit). Because it focuses on these top-shelf items, its financial success often depends on the spending habits of wealthier customers, especially in the United States and Asia.
How the company got here
Rémy Cointreau's story begins with two separate French family businesses, one making cognac since 1724 (Rémy Martin) and the other making an orange liqueur since 1849 (Cointreau). The two companies officially joined forces in 1990, creating the group we know today. Over the years, it has focused on buying and developing high-end, premium spirits brands while selling off others that didn't fit its luxury focus. A key strategy has been to control its own distribution (how its products get to stores and bars) to better manage its premium image around the world.
What it actually does
Rémy Cointreau is a French company that produces and sells a variety of high-end alcoholic beverages. You would recognize their products as the fancy bottles of cognac, liqueurs, and spirits often found on the top shelf of a bar or liquor store. Their portfolio includes famous names like Rémy Martin and LOUIS XIII cognacs, Cointreau orange liqueur, The Botanist gin, and Mount Gay rum. The company's identity is built on tradition, craftsmanship, and using high-quality ingredients from specific regions, positioning itself in the luxury market rather than selling mass-market spirits.
Cognac
This is the company's largest and most important business, making up the majority of its sales. It includes the very famous Rémy Martin and the ultra-luxurious LOUIS XIII brands of cognac, a type of brandy that must be made in the Cognac region of France. Customers, particularly in Asia and the Americas, pay for the high quality, brand prestige, and aged character of these spirits. This division is the main engine of the company's profitability (the ability to make a profit from its sales).
Liqueurs & Spirits
This segment is a collection of several other distinct spirit brands that together form a significant part of the company's business. It includes Cointreau (an orange liqueur), Metaxa (a Greek spirit), Mount Gay (a rum from Barbados), St-Rémy (a French brandy), and several whiskies and gins like Bruichladdich and The Botanist. Each brand has its own unique identity and customer base, from cocktail enthusiasts to whisky connoisseurs. While smaller than the cognac business, this division provides diversification (a way to reduce risk by having different types of businesses).
Partner Brands
This is a very small part of Rémy Cointreau's business that involves distributing products for other companies. Essentially, Rémy Cointreau uses its existing network and relationships with sellers to help other, non-competing brands get their products into stores and bars. The company earns a fee for this service. This segment is not a major focus and its size has been decreasing as the company concentrates more on its own brands.
What management is betting on now
The company's main goal is to be the worldwide leader in high-end, "exceptional" spirits. To do this, management is focusing on making its top brands even more desirable and emotionally connected to customers through marketing and exclusive events. They are also pushing a three-year plan called "RC Forward" to reignite growth, especially for their cognac in the U.S. and China, and to expand sales in travel retail (like duty-free shops in airports). The strategy also involves becoming more efficient to save money that can be reinvested into growing their key brands.
Price history
How the share price has moved
—
Loading price history…
Is it cheap or expensive?
Fair value $3.36 vs current price $4.71
Our most-likely fair value is $3.36 a share — about 28.7% away from today's price of $4.71, so the stock currently looks fairly priced.
Is it drowning in debt?
Watch
Net debt $793.2M. Interest coverage 4.9x.
Net debt
$793.17M
Interest coverage
4.86x
Rémy Cointreau SA's profit covers its interest bill about 4.9 times over. which is stronger than most peers shown here.
Watch
Worse cushion
Baseline
Better cushion
REMYY
BASELINE
Rémy Cointreau SA
Total debt $882.80M Interest coverage 4.86x This is the baseline the peer rows are being compared against.
Total debt $22.20B Interest coverage 2.94x -40% vs REMYY Carries about 1.7x less debt cushion than REMYY.
Total debt $10.53B Interest coverage 7.92x +63% vs REMYY Carries about 1.6x more debt cushion than REMYY.
What you should know
The case for and against REMYY
2 Rewards
3 Risks
Rewards
-
Free cash flow was positive in 4/10 years.
-
Dividend yield is 1.8% with 8-year payout history.
Risks
-
Net debt grew 28.7% over 3 years.
-
Operating margin compressed from 28.3% to 13.0% over 3 years.
-
Insider ownership is only 0.0% (peer median: 6.4%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
27.71x
Forward P/E
—
P/B
1.11x
P/S
2.65x
EV/EBITDA
15.44x
PEG ratio
1.05x
Profitability
How much profit each dollar creates
Gross margin
65.8%
Operating margin
13.0%
Net margin
8.4%
ROE
4.1%
ROA
3.0%
Health
Liquidity and balance-sheet strength
Debt / equity
0.40x
Current ratio
3.15x
Quick ratio
0.28x
Total debt
$882.80M
Total cash
$89.62M
Growth
How the business has been compounding
Revenue TTM
$1.07B
Revenue 5Y CAGR
-15.5%
EPS TTM
0.17
EPS 5Y CAGR
-35.9%
Cash flow
How much cash the business throws off
Operating CF TTM
$104.45M
Free CF TTM
$104.45M
FCF margin
9.7%
Dividend
Shareholder payout
Yield
1.8%
Payout ratio
102.4%
Last ex-div date
2026-07-27