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RNSDF - Renault SA: Speculation On Potential Partner And Dividends Draw Attention
Renault S.A.
A sell-side analyst from JPMorgan recently speculated that Renault SA could potentially enter into a partnership with Apple.
Renault SA's 2H 2020 automotive operational free cash flow was not as good as expected, as its automotive financing subsidiary was restricted from paying out dividends to the company.
The market values Renault SA at consensus forward FY 2021 and FY 2022 P/E multiples of 17.9 times and 5.0 times, respectively.