Reunert Limited RNRTY

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsSouth Africa

Last close 6.65 USD on Nov 1, 2026, −6.2% year to date

Quant rating

Quant rating C Rank 168 of 418 in Industrials

Growth A 42 of 418
Valuation C 187 of 418
Quality C 271 of 418
Revisions B 79 of 418
Momentum C 270 of 418

Wall Street consensus Average target 6.46 USD −2.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 592M
Enterprise value: 593M
52-week range: 6.50 – 7.71
3-year range: 6.00 – 7.71
Dividend yield: 7.12%
Beta (5 years): –
Shares outstanding: 183M
Next earnings: Nov 20, 2026

About the company

Reunert Limited is engaged in managing a portfolio of businesses in the fields of electrical engineering, information and communication technologies (ICT) and applied electronics. Its segments are Electrical Engineering (EE), Information Communication Technologies (ICT), Applied Electronics (AE) and Other. Its Electrical Engineering segment manufactures and sells a range of power and telecommunications cables and low-voltage circuit breakers, including power cables, telecom cables, and circuit breakers. The ICT segment offers a range of workspace solutions, business communication, connectivity and rental-based finance products and solutions and systems integration. The AE segment specializes in tactical, high-frequency/ultra-high-frequency communication systems; designs and manufactures defense products for artillery, mortar, naval and aircraft weapon systems; develops and manufactures tracking radar systems. The Other segment is in administration, finance and property portfolio.

Growth and profitability fiscal year ends September 30

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	809	837	729	613	635	–
Revenue growth	−3.3%	14.9%	18.8%	−3.4%	32.0%	11.0%
EPS (basic, normalized)	0.32	0.34	0.30	–	–	–
EPS growth	−3.9%	11.4%	–	–	–	–
Gross margin	41.7%	42.4%	38.1%	35.8%	38.9%	39.4%
Net margin	7.4%	7.2%	6.7%	7.4%	8.1%	7.4%
ROE	12.8%	13.5%	12.7%	12.0%	11.8%	12.6%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	809	−3.3%	0.7x	101	−7.1%	5.9x	0.32	−3.9%	20.5x
2026	882	+9.0%	0.7x	105	+4.0%	5.6x	0.33	+0.8%	20.4x
2027	968	+9.7%	0.6x	138	+30.7%	4.3x	0.47	+43.3%	14.2x
2028	1,119	+15.6%	0.5x	170	+23.8%	3.5x	0.58	+23.5%	11.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	882	0.0%	−0.2%	−4.3%	0.33	0.0%	−2.0%	−17.5%
2027	968	0.0%	+3.3%	−3.6%	0.47	0.0%	+6.6%	+4.2%
2028	1,119	0.0%	+4.8%	+1.7%	0.58	0.0%	+7.8%	+9.6%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
RNRTY Reunert Limited	592M	–	7.4%	1.07x	20.4x	14.2x	5.6x	4.3x
BW Babcock & Wilcox Enterprises, Inc.	636M	−0.09x	−8.1%	10.82x	31.2x	10.2x	7.5x	5.2x
PKOH Park Ohio Holdings Corp	625M	4.46x	1.6%	1.59x	13.8x	12.2x	8.6x	8.2x
HYLN Hyliion Holdings Corp	580M	1.08x	−1,645.7%	3.42x	−11.4x	−10.9x	−11.0x	−9.8x
NRGV Energy Vault Holdings, Inc.	562M	−8.28x	−50.9%	80.72x	−12.4x	−92.1x	−45.7x	13.5x
TITN Titan Machinery Inc	561M	57.93x	−2.2%	1.01x	−15.0x	−42.0x	70.0x	31.7x
Mean		11.02x	−283.0%	16.44x	4.4x	−18.1x	5.8x	8.8x
Median		1.08x	−5.2%	2.51x	1.2x	−0.3x	6.5x	6.7x

Technical analysis

1M−8.3%
3M−6.2%
1Y−2.2%
3Y+8.3%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Reunert Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	809	837	729	613	635	481
Cost of revenue	472	482	451	394	388	262
Gross profit	337	355	278	219	247	219
Selling, general & administrative expenses	182	194	148	117	136	152
Research & development	12.9	14.0	8.2	7.5	9.9	10.3
Depreciation/amortization	21.4	20.1	17.2	13.9	16.8	14.3
Interest expense (income), operating	−2.7	2.5	−0.1	−7.5	−3.4	7.2
Unusual expense (income)	3.9	2.8	2.0	−0.1	−0.7	5.7
Other operating expenses	32.3	32.4	26.4	20.8	19.0	17.1
Operating income	87.8	88.7	75.7	67.8	69.6	12.4
Net interest income (expense)	−4.2	−4.1	−6.2	−2.7	−2.5	−2.0
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	−0.1	−0.1	−0.2	−0.3	−0.5
Net income before taxes	83.7	84.6	69.3	65.0	66.8	9.9
Provision for taxes	22.5	24.5	19.0	16.1	17.6	4.9
Minority interest	−1.6	−0.1	−2.1	−0.9	0.7	2.4
Equity in affiliates	0	0	0.4	−2.3	1.6	−4.6
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	59.5	60.1	48.6	45.6	51.5	2.8
Extraordinary items	−5.9	–	–	–	–	–
Net income	53.7	60.1	48.6	45.6	51.5	2.8
EBIT, normalized	89.0	94.0	77.6	60.3	65.4	25.3
EBITDA, normalized	110	114	94.7	74.2	82.2	39.7
Basic EPS, normalized	0.32	0.34	0.30	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Reunert Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	102	106	68.6	52.7	70.8	61.5
Receivables	219	239	178	171	172	148
Total inventory	106	116	118	115	116	88.6
Prepaid expenses	16.5	17.9	23.2	20.4	19.5	15.1
Other current assets	4.4	3.7	0.8	0.7	0.5	0.7
Total current assets	448	483	389	359	378	314
Property, plant & equipment	62.6	61.8	55.9	56.1	66.5	58.6
Goodwill	65.0	65.5	62.7	52.9	61.9	55.2
Intangibles	42.3	47.5	46.9	27.3	29.4	26.6
Long-term investments	17.3	17.3	13.4	11.5	20.1	9.9
Note receivable	91.8	93.3	89.2	87.0	119	106
Other long-term assets	13.0	15.9	10.7	8.3	9.6	10.3
Total assets	740	784	668	602	685	581
Liabilities
Accounts payable	139	154	130	122	118	95.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	–	–	–	–	–	–
Short-term debt	0.8	0	6.7	33.0	51.5	42.2
Current portion of long-term debt	5.0	6.7	6.8	5.3	8.2	3.4
Other current liabilities	25.2	46.0	28.9	21.9	28.2	28.6
Total current liabilities	170	207	173	182	206	169
Long-term debt	68.2	87.0	71.2	8.2	9.5	10.6
Minority interest	9.5	8.2	9.2	7.3	5.8	2.3
Other liabilities	25.2	20.6	20.8	16.1	20.4	10.2
Total liabilities	273	323	274	214	241	192
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	18.3	18.3	20.6	21.4	25.8	23.2
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	491	486	413	408	471	402
Treasury stock	−9.8	−9.8	−8.9	−9.3	−29.6	−20.4
Other equity	−33.3	−33.2	−30.3	−31.6	−23.1	−16.5
Total equity	466	461	394	389	444	389
Total liabilities & shareholders' equity	740	784	668	602	685	581

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Reunert Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	83.7	84.6	69.3	65.0	66.8	9.9
Depreciation, depletion & amortization	21.4	20.1	17.2	13.9	16.8	14.3
Deferred taxes	–	–	–	–	–	–
Non-cash items	−3.4	16.2	16.4	−3.3	−3.2	44.9
Changes in working capital	−62.3	−76.2	−57.0	−61.4	−65.8	−54.2
Cash from operations	39.4	44.7	45.9	14.2	14.6	15.0
Investing activities
Capital expenditures	−13.0	−12.9	−18.8	−12.8	−15.8	−10.2
Other investing cash flows	1.9	11.8	−48.0	8.8	9.1	−9.7
Cash from investing	−11.2	−1.2	−66.7	−4.0	−6.7	−19.9
Financing activities
Financing cash flow items	−8.6	−8.6	−6.4	−8.0	−3.8	−4.4
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−25.9	7.2	70.9	1.2	−5.2	−10.9
Cash from financing	−34.5	−1.3	64.4	−6.8	−9.0	−15.2
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−6.3	42.2	43.6	3.4	−1.1	−20.1
Free cash flow	26.3	31.8	27.1	1.4	−1.2	4.8

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.