RL
RLO.JSE Reunert
- Market cap
- ZAC 8.60B
- P/E
- 983.6x
- P/B
- 113.62x
- ROE
- 14.7%
- Dividend yield
- 6.87%
- Fundamental score
- 3.2/5
Ratios use the latest price and the current fiscal year annualized from 1 quarter up to Mar 2026.
Is RLO.JSE undervalued?
Graham numberThe Graham number of Reunert cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Reunert fundamental analysis
16 of 22 checks passedROE 1/2
Moderate return on equity (14.7%), between 10% and 20%.
ROA 1/1
Return on assets (9.4%) is above the industry median (2.6%).
Profit Consistency 2/2
Profitable for 10 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Last year's EPS growth (-8.6%) is not above the 5-year average (60.8% a year).
Earnings Growth vs Industry 0/1
Last year's EPS growth (-8.6%) is below the industry median (4.4%).
Revenue Growth 1/2
Revenue grew 7.6% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (15.5%), 40% or less.
Debt Trend 0/1
Debt to equity has risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 1/1
EBIT is 5.6x against interest expense, well covered.
PE vs Market 0/1
PE (9.6x) is above the market median (9.1x).
PE vs Industry 1/1
PE (9.6x) is below the industry median (20.7x).
PBV 0/1
Price to book (1.1x) is above the industry median (1.1x).
Graham Number 1/1
The price is below the Graham number (PE x PB = 10.7, limit 22.5).
PEG 1/1
PEG on 5-year earnings growth is 0.16, growth is cheap.
Dividend Yield 1/2
Dividend yield (6.6%) is above the bottom 25% of dividend payers in the market.
Dividend Stability 1/2
Dividends paid without a cut of more than 10% for 5 years.
Dividend Growth 0/1
Dividends paid did not grow over the past 5 years.
Payout Ratio 1/1
Payout ratio is 63.3%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Reunert stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Reunert
Reunert Limited operates in the fields of electrical engineering, information communication technologies (ICT), and applied electronics in South Africa, rest of Africa, the United States, Australia, Asia, and Europe. Its Electrical Engineering segment designs, manufactures, installs, and maintains power cables; manufactures and supplies low-voltage distribution, protection, and control equipment, as well as supplies high and medium-voltage switchgears. This segment is also i…
Full company profileReunert financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 1 quarter up to Mar 31, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Reunert annual financial statements
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 8.15B | 9.41B | 9.73B | 10.3B | 7.60B | 9.58B | 11.1B | 13.8B | 14.4B | 13.9B | 25.2B |
| Gross Profit | 2.75B | 3.04B | 2.68B | 2.81B | 2.22B | 1.48B | 1.66B | 2.28B | 5.99B | 1.52B | 1.81B |
| Operating Income | 1.32B | 1.50B | 1.54B | 1.36B | 307M | 1.05B | 1.23B | 1.43B | 1.53B | 1.52B | 1.81B |
| EBITDA | 1.48B | 1.72B | 1.65B | 1.42B | 481M | 1.35B | 1.52B | 1.82B | 1.85B | 2.00B | 2.43B |
| Net Income | 954M | 1.11B | 1.16B | 790M | 84.0M | 777M | 827M | 919M | 1.04B | 926M | 1.16B |
| EPS | 5.71 | 6.70 | 7.06 | 4.85 | 0.52 | 4.83 | 5.17 | 5.71 | 6.10 | 5.58 | 7.12 |
| Balance Sheet | |||||||||||
| Total Assets | 9.91B | 10.1B | 10.5B | 10.3B | 9.73B | 10.3B | 10.9B | 12.6B | 13.5B | 12.8B | 12.3B |
| Total Liabilities | 2.82B | 2.85B | 2.93B | 2.87B | 3.18B | 3.56B | 3.74B | 5.00B | 5.43B | 4.55B | 4.23B |
| Shareholders' Equity | 7.01B | 7.14B | 7.44B | 7.31B | 6.51B | 6.70B | 7.06B | 7.46B | 7.96B | 8.04B | 7.90B |
| Cash & Short-term Investments | 2.38B | 1.65B | 765M | 939M | 1.03B | 1.07B | 957M | 1.30B | 1.83B | 1.75B | 1.38B |
| Total Debt | 672M | 281M | 293M | 383M | 940M | 1.05B | 842M | 1.60B | 1.62B | 1.82B | 1.22B |
| Cash Flow | |||||||||||
| Operating Cash Flow | 103M | 420M | -84.0M | 552M | 251M | 220M | 711M | 1.37B | 1.32B | 679M | 972M |
| Capital Expenditure | 222M | 143M | 162M | 158M | 170M | 238M | 232M | 355M | 223M | 225M | 276M |
| Free Cash Flow | -119M | 277M | -246M | 394M | 81.0M | -18.0M | 25.0M | 513M | 548M | 454M | 696M |
| Ratios | |||||||||||
| ROE | 13.6% | 15.6% | 15.6% | 10.8% | 1.3% | 11.6% | 11.7% | 12.3% | 13.0% | 11.5% | 14.7% |
| ROA | 9.6% | 11.0% | 11.1% | 7.7% | 0.9% | 7.5% | 7.6% | 7.3% | 7.7% | 7.3% | 9.4% |
| Net Profit Margin | 11.7% | 11.8% | 11.9% | 7.7% | 1.1% | 8.1% | 7.4% | 6.7% | 7.2% | 6.7% | 4.6% |
| Debt to Equity | 0.10x | 0.04x | 0.04x | 0.05x | 0.14x | 0.16x | 0.12x | 0.21x | 0.20x | 0.23x | 0.15x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Reunert dividends
- Dividend yield
- 6.87%
- Forward dividend
- 3.83 ZAC
- Payout ratio
- 63.3%
- Ex-dividend date
- Jun 24, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | ZAR 586M | 3.53 | 63.3% |
| 2024 | ZAR 540M | 3.18 | 52.1% |
| 2023 | ZAR 489M | 3.04 | 53.2% |
| 2022 | ZAR 450M | 2.81 | 54.4% |
| 2021 | ZAR 26.0M | 0.16 | 3.3% |
| 2020 | ZAR 723M | 4.46 | 860.7% |
| 2019 | ZAR 803M | 4.93 | 101.6% |
| 2018 | ZAR 772M | 4.71 | 66.7% |
| 2017 | ZAR 730M | 4.40 | 65.6% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 9:10 on Sep 27, 2004.
Who owns Reunert
- Insiders 0.72%
- Institutions 57.40%
- Public & others 41.88%
- Shares outstanding 157M
- Free float 133M
Reunert company profile
- Company name
- Reunert
- Ticker
- RLO.JSE
- ISIN
- ZAE000057428
- Exchange
- Johannesburg Exchange
- Sector
- Industrials
- Industry
- Electrical Equipment
- Fiscal year end
- September
- Address
- Nashua Building, Sandton, South Africa, 2191
- Phone
- 27 11 517 9000
- Website
- reunert.com
About Reunert
Reunert Limited operates in the fields of electrical engineering, information communication technologies (ICT), and applied electronics in South Africa, rest of Africa, the United States, Australia, Asia, and Europe. Its Electrical Engineering segment designs, manufactures, installs, and maintains power cables; manufactures and supplies low-voltage distribution, protection, and control equipment, as well as supplies high and medium-voltage switchgears. This segment is also involved in the wheeling business. The company's ICT segment offers office equipment, communication equipment, automation products, and related devices; cloud-based virtual private branch exchange (VBX) offerings, hosted call recording, and business internet access products; converged networking, communications, and security solutions; and wireless, fibre, satellite, and LTE connectivity solutions, as well as consulting services, digital solutions, managed services, and cloud services. Its Applied Electronics segment provides search and tracking radar systems; radar sensor systems; ground and naval search and tracking radar systems; communication systems; cryptographic products and solutions; electronic components and printed circuit boards; remote controlled stabilized weapons platforms; and energy engineering and storage solutions. This segment also offers military and commercial products, including technology solutions; and electronic manufacturing services. It serves municipalities, parastatals, utilities, the mining and building industries, corporate and retail customers, small to medium-sized enterprises (SMEs), government, and state-owned entities, and defense forces. Reunert Limited was founded in 1888 and is headquartered in Sandton, South Africa.
Reunert management
10- Mr. K. Mark Kathan AMP (Harward), C.A., CA (SA)Group CFO & Executive Director · born 1971
- Ms. Mohini Moodley BA, LLBGroup Human Capital & Sustainability Executive Director and Executive Director · born 1975
- Mr. Graeme Wales EddeySegment Chief Executive Officer of Electrical Engineering · born 1978
- Mr. Trevor RamanCEO of Reutech & Segment CEO of Applied Electronics · born 1971
- Mr. Anthonie C. de Beer B.Com., BCom (Hons), CA (SA)Group CEO & Executive Director · born 1974
- Karen SmithManager of Communication & investor relations
- Mr. Neil StopforthManaging Director of PanSolutions · born 1961
- Mr. Martin W. de Beer Elec Eng.Chief Executive Officer of Reutech Communications · born 1965
- Mr. Carl F. Kies BEng (Elec), EMBA, MEng (Elec)Chief Executive Officer of Reutech Radar Systems · born 1963
- Ms. Karen Louw B.Com., BCom (Law), L.L.B., L.L.M., LLM (Tax)Group Company Secretary · born 1974