RI Stock Analysis: Pernod Ricard S.A. | PA
Beverages - Wineries & Distilleries | PA, France | Market Cap: 16.609m EUR | 12M Return: -18.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 46.4M
EPS Trend: -49.6%
Qual. Beats: 0
Rev. Trend: -82.8%
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
Pernod Ricard SA is a France-based global producer of wines and spirits, headquartered in Paris and listed on the Euronext Paris exchange under the ticker RI. The company was founded in 1805 and operates as a major large-cap player in the Consumer Staples sector, specifically within the Distillers & Vintners sub-industry.
Its portfolio spans a wide range of alcoholic categories, including whiskey, vodka, gin, rum, liqueurs and bitters, champagne, tequila and mezcal, and aperitifs, marketed under well-known brands such as Absolut, Jameson, Chivas, Ballantines, Malibu, Kahlúa, Jacobs Creek, Mumm, and Martell, among many others. The company has also expanded into non-alcoholic alternatives, offering zero-proof versions under brands such as Beefeater 0%, Ceders, and Campo Viejo Sparkling 0%.
As a major participant in the global premium spirits industry, Pernod Ricard relies on a multi-brand portfolio model that targets diverse geographies and consumer segments, balancing mature markets with high-growth regions. Its long operating history and extensive brand library reflect a business model focused on premiumisation, distribution scale, and category diversification across both on-trade and off-trade channels.
- China cognac demand slump pressures Martell sales growth
- Travel retail and US premium spirits drive price-mix gains
- Strong euro erodes reported revenue and operating profit
| Net Income: 3.17b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 3.59 > 1.0 |
| NWC/Revenue: 36.65% < 20% (prev 27.98%; Δ 8.67% < -1%) |
| CFO/TA 0.09 > 3% & CFO 3.52b > Net Income 3.17b |
| Net Debt (11.6b) to EBITDA (6.15b): 1.89 < 3 |
| Current Ratio: 2.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (252.1m) vs 12m ago -0.51% < -2% |
| Gross Margin: 59.81% > 18% (prev 59.92%; Δ -0.11% > 0.5%) |
| Asset Turnover: 52.46% > 50% (prev 59.64%; Δ -7.19% > 0%) |
| Interest Coverage Ratio: 5.55 > 6 (EBIT TTM 5.54b / Interest Expense TTM 997.5m) |
| A: 0.20 (Total Current Assets 13.0b - Total Current Liabilities 5.60b) / Total Assets 37.7b |
| B: 0.36 (Retained Earnings 13.4b / Total Assets 37.7b) |
| C: 0.14 (EBIT TTM 5.54b / Avg Total Assets 38.7b) |
| D: 0.73 (Book Value of Equity 15.5b / Total Liabilities 21.1b) |
| Altman-Z'' = 4.19 = AA |
| DSRI: 1.11 (Receivables 2.10b/2.20b, Revenue 20.3b/23.7b) |
| GMI: 1.00 (GM 59.92% / 59.81%) |
| AQI: 0.98 (AQ_t 0.54 / AQ_t-1 0.55) |
| SGI: 0.86 (Revenue 20.3b / 23.7b) |
| TATA: -0.01 (NI 3.17b - CFO 3.52b) / TA 37.7b) |
| Beneish M = -3.05 (Cap -4..+1) = AA |
As of June 30, 2026, the stock is trading at EUR 65.96 with a total of 545,760 shares traded. Over the past week, the price has changed by +2.84%, over one month by +2.77%, over three months by +10.04% and over the past year by -18.77%.
Current recommended Stop Loss: 63.80 (which is 3.3% or 1.3 ATR below the current price).
Pernod Ricard S.A. has no consensus analysts rating.
P/E Trailing = 11.7786
P/E Forward = 10.7066
P/S = 1.656
P/B = 1.0778
P/EG = 2.054
Revenue TTM = 20.3b EUR
EBIT TTM = 5.54b EUR
EBITDA TTM = 6.15b EUR
Long Term Debt = 11.6b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.68b EUR (from shortTermDebt, last quarter)
Debt = 14.0b EUR (from shortLongTermDebtTotal, last quarter) + Leases 419.0m
Net Debt = 11.6b EUR (calculated: Debt 14.0b - CCE 2.40b)
Enterprise Value = 28.2b EUR (16.6b + Debt 14.0b - CCE 2.40b)
Interest Coverage Ratio = 5.55 (Ebit TTM 5.54b / Interest Expense TTM 997.5m)
EV/FCF = 12.52x (Enterprise Value 28.2b / FCF TTM 2.25b)
FCF Yield = 7.99% (FCF TTM 2.25b / Enterprise Value 28.2b)
FCF Margin = 11.10% (FCF TTM 2.25b / Revenue TTM 20.3b)
Net Margin = 15.62% (Net Income TTM 3.17b / Revenue TTM 20.3b)
Gross Margin = 59.81% ((Revenue TTM 20.3b - Cost of Revenue TTM 8.17b) / Revenue TTM)
Gross Margin QoQ = 59.28% (prev 57.35%)
Tobins Q-Ratio = 0.75 (Enterprise Value 28.2b / Total Assets 37.7b)
Interest Expense / Debt = 7.11% (Interest Expense 997.5m / Debt 14.0b)
Taxrate = 24.41% (1.05b / 4.32b)
NOPAT = 4.18b (EBIT 5.54b * (1 - 24.41%))
Current Ratio = 2.33 (Total Current Assets 13.0b / Total Current Liabilities 5.60b)
Debt / Equity = 0.91 (Debt 14.0b / totalStockholderEquity, last quarter 15.5b)
Debt / EBITDA = 1.89 (Net Debt 11.6b / EBITDA 6.15b)
Debt / FCF = 5.15 (Net Debt 11.6b / FCF TTM 2.25b)
Total Stockholder Equity = 15.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.19% (Net Income 3.17b / Total Assets 37.7b)
RoE = 20.16% (Net Income TTM 3.17b / Total Stockholder Equity 15.7b)
RoCE = 20.25% (EBIT 5.54b / Capital Employed (Equity 15.7b + L.T.Debt 11.6b))
RoIC = 12.78% (NOPAT 4.18b / Invested Capital 32.7b)
WACC = 5.69% (E(16.6b)/V(30.6b) * Re(5.95%) + D(14.0b)/V(30.6b) * Rd(7.11%) * (1-Tc(0.24)))
Discount Rate = 5.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -40.45 | Cagr: -1.62%
[DCF] Terminal Value 77.97% ; FCFF base≈1.73b ; Y1≈1.99b ; Y5≈2.93b
[DCF] Fair Price = 128.7 (EV 44.0b - Net Debt 11.6b = Equity 32.4b / Shares 251.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -49.59 | EPS CAGR: -25.22% | SUE: 0.0 | # QB: 0
Revenue Correlation: -82.83 | Revenue CAGR: -8.79% | SUE: N/A | # QB: 0