REMYF - Remy Cointreau: A Buy After Its Recent Death Spiral
2024-07-20 10:40:00 ET
Summary
- Remy Cointreau's FY 2024 results were disappointing, leading to a 24% drop in share price since April and 67% below December 2021 high.
- Despite weak performance in FY 2024, the company's strong operating cash flow and growth investments position it for potential growth in FY 2026.
- With a forward EV/EBITDA of 14 in FY 2027, Remy Cointreau's fair value could be around 90 EUR per share right now, making it a potential long position opportunity.
Introduction
In April, I wrote an article on Remy Cointreau ( OTCPK:REMYF ) ( OTCPK:REMYY ) discussing the company’s prospects for this year. I thought FY 2025 (the current financial year as Cointreau’s financial year ends in March) should be much better for Cointreau after what I was expecting to be a poor FY 2024....
Remy Cointreau: A Buy After Its Recent Death Spiral