Last price: R 2,843.31
52w range:
R 1,325.00
to
R 3,479.87
52w change:
115.00%
to
-18.00%
Forward PE:
Trailing EPS: 1.41
50d average: R 2,876.82
(-1%)
200d average: R 2,648.14
(7%)
Open: R 2,832.38
Previous close: R 2,831.00
Change: R 12.31
(0.43%)
Day high: R 2,857.75
Day low: R 2,798.75
Volume: 185.11 thousand
Avg. vol 3m: 159.55 thousand
Johannesburg
JSE:CFR
Cap: 1.67 trillion
Shares outstanding: 533.6 million
Price hint: 2
Price to book: 85.72
Annual dividend rate: 2.52
R 1.00 dividend 1 year ago
Yahoo Quote
Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. The company's portfolio includes renowned brands in jewelry, watches, writing instruments, clothing, and accessories, among others. Some of them are Cartier, Van Cleef & Arpels, Montblanc, and Dunhill.
Financially, Richemont has had a history of stable growth, delivering sustained shareholder value through increases in sales and profits. In the financial year 2021, despite COVID-19 impact, the group reported solid resilience as sales reached € 14,249 million. Moreover, the company has a strong balance sheet and has regularly paid dividends in the past, which makes it a potentially attractive investment for dividend investors.
However, given the luxury nature of Richemont's goods, the company is susceptible to economic downturns and geopolitical events that may affect discretionary consumer spending. The lasting impact of COVID-19 on luxury spending is also a potential risk and the year 2020 was challenging for the firm due to pandemic-induced store closings.
Technological transformation in the consumer market is another challenge that Richemont is facing. The company is investing in e-commerce and digital transformation strategies to stay competitive and meet changing consumer behaviors. They recently acquired the UK-based second-hand watch dealer Watchfinder.co.uk, demonstrating their intention to grow in the online and pre-owned watch segments.
Whilst continually investing in innovation and seeking new market opportunities, Compagnie Financière Richemont SA seems to maintain a strong brand portfolio and undertake prudent financial management, which makes it a potential candidate for long-term investment. Engagement of a long-term perspective is recommended though, as this type of expensive, non-essential goods industry may experience downturns during fluctuations in global economy. Please further research the stock and make sure that this investment aligns with your investment objectives and risk appetite.