Initial Buy Recommendation: 26 July 2022

Current Status: HOLD

Notes:

  • 26 July 2022

    • Initial BUY Recommendation made.

Details:

  • Exchange: JSE

  • Ticker: RLO

  • Sector: Industrials

COMPANY DESCRIPTION:

Reunert is an industrial group with a portfolio of businesses in its Electrical Engineering, ICT and Applied Electronics segments. It was founded in 1888 and listed on the JSE in 1948. It is included in the JSE industrial goods and services (electronic and electrical equipment) sector and is a constituent of the FTSE/JSE Responsible Investment Index.

Investor OVERVIEW:

 
 

Summary:

  • Market Cap - R7 Billion

  • P/E Ratio - 9.3x

  • Dividend Yield - 6.2%

  • Return-On-Equity - 11.5%

  • Interest Coverage - 16.2x

  • 5 Year Net Income Growth Rate - -17.5%

CHART: