DEO - Remy Cointreau SA: Almost As Pricey As Its Cognac
Spirits producer Remy Cointreau SA (REMYF, REMYY) has reached quite lofty heights in terms of valuation. The company now trades at around 40 times earnings. This valuation is considerably higher than that of other spirit makers such as Diageo plc (DEO) or Pernod Ricard SA (PDRDF, PDRDY).
The family-controlled (the Hériard-Dubreuil family controls owns 53 percent and several board seats, including chairman Marc Hériard-Dubreuil) company's products, however, are on average positioned higher than those of its larger competitors. This might explain the valuation premium. Even more so