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Renault SA RNO

Morningstar Rating
€48.73 +0.54 (1.12%)
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Company Report

Renault's Turnaround Continues

Renault directly and indirectly owns 40.4% of Nissan, while Nissan owns 15% of Renault and 34% of Mitsubishi. Under the new alliance agreement, Renault transferred 28.4% of Nissan shares into a French trust, retaining a direct 15% stake. The trust sells shares under Renault's direction but there is no time limit applied. After Renault sold a 5% Nissan stake to Nissan and Nissan subsequently retired the shares, the trust now holds a 24.6% stake while Renault's direct holding is 15.8%. Nissan shares received voting rights with the new agreement. Voting rights of the Renault and Nissan-owned cross-shareholdings are capped at 15%. In addition, Renault owns 99.4% of Romanian automaker Dacia, and 80.0% of South Korean Samsung Motors.

Price vs Fair Value

RNO is trading at a 26% discount.
Price
€48.19
Fair Value
€87.00
Uncertainty
High
1-Star Price
€647.99
5-Star Price
€89.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Renault's alliance with Nissan provides scale and purchasing power that the company would otherwise struggle to achieve on its own.

Bears

The global auto industry suffers from overcapacity that increases pricing pressure, in turn limiting economic profits.

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News

Trading Information

Previous Close Price
€48.19
Day Range
€47.8348.84
52-Week Range
€31.1951.84
Bid/Ask
€48.73 / €48.75
Market Cap
€14.15 Bil
Volume/Avg
309,981 / 1.2 Mil

Key Statistics

Price/Earnings (Normalized)
3.50
Price/Sales
0.26
Dividend Yield (Trailing)
0.50%
Dividend Yield (Forward)
3.69%
Total Yield
1.70%

Company Profile

Renault possesses a global alliance of automotive manufacturing, financing, and sales operations. The company's alliance partners consist of Dacia (99.4%), Nissan (43.7%), Renault Samsung Motors (80.0%), and Mitsubishi (Nissan owns 34%). Total 2022 Renault-Nissan-Mitsubishi alliance sales volume of 6.4 million vehicles makes the alliance the fourth-largest vehicle group in the world, behind Toyota at 10.3 million, Volkswagen at 8.5 million, and Hyundai/Kia at 6.8 million vehicles sold.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Mid Value
Total Number of Employees
105,812

Competitors

Valuation

Metric
RNO
MBGAF
VWAGY
Price/Earnings (Normalized)
3.505.394.00
Price/Book Value
0.490.830.42
Price/Sales
0.260.510.22
Price/Cash Flow
3.043.741.44
Price/Earnings
RNO
MBGAF
VWAGY

Financial Strength

Metric
RNO
MBGAF
VWAGY
Quick Ratio
0.960.900.92
Current Ratio
1.111.261.22
Interest Coverage
7.5929.08
Quick Ratio
RNO
MBGAF
VWAGY

Profitability

Metric
RNO
MBGAF
VWAGY
Return on Assets (Normalized)
3.77%5.58%3.21%
Return on Equity (Normalized)
15.36%16.40%11.99%
Return on Invested Capital (Normalized)
4.78%8.36%5.26%
Return on Assets
RNO
MBGAF
VWAGY
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Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
TSLA
Tesla IncBmrdvdxzpBrxkkqg$500.3 Bil
TM
Toyota Motor Corp ADRRwvkxmmpDzgc$318.8 Bil
MBGAF
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STLA
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RACE
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BMWYY
Bayerische Motoren Werke AG ADRWlnrwrphRhxyrz$71.8 Bil
VWAGY
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VWAPY
Volkswagen AG ADRSnzpsktxFmjp$71.0 Bil
HMC
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GM
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