CFR - Compagnie Financière Richemont

Apr 19, 2024 at 14:30 Twitter · Facebook

CFR share price on Johannesburg Stock Exchange

Compagnie Financière Richemont, commonly known simply as Richemont, is a luxury goods conglomerate that owns a portfolio of international Maisons recognized for their distinctive heritage, craftsmanship, and creativity. The company’s interests encompass several of the most prestigious names in the luxury industry, with over 20 brands. Jewellery and watch brands make up 70% of sales, but the group is also active in accessories, writing instruments, clothing, and online luxury retail.

Richemont operates in the following four primary business areas:

1. Jewellery Maisons: Buccellati, Cartier, Van Cleef & Arpels.
2. Specialist Watchmakers: A. Lange & Sohne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin.
3. Online Distributors: Watchfinder & Co. and YOOX NET-A-PORTER GROUP (NET-A-PORTER, MR PORTER, YOOX, THE OUTNET).
4. Fashion & Accessories Maisons: Alaia, AZ Factory, Chloe, dunhill, Montblanc, Peter Millar, Purdey and Serapian.

Richemont A shares are listed on the SIX Swiss Exchange, Richemont's primary listing, and are included in the Swiss Market Index (SMI) of leading stocks. Richemont South African Depository Receipts are listed in Johannesburg, Richemont's secondary listing.

Compagnie Financière Richemont is listed on the Johannesburg Stock Exchange (JSE). Compagnie Financière Richemont is traded on the JSE under the ticker symbol “CFR”. The International Securities Identification Number (ISIN) of JSE:CFR is CH0045159024. Compagnie Financière Richemont is currently the fifth most valuable stock on the JSE with a market capitalization of ZAR 1.45 trillion, which is about 7.66% of the Johannesburg Stock Exchange equity market.

CFR Stock Market Performance

The current share price of Compagnie Financière Richemont (CFR) is ZAR 2,688.63. CFR closed its last trading day (Thursday, April 18, 2024) at 2,698.45 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 1.6% drop from its previous closing price of 2,741.00 ZAR. Compagnie Financière Richemont began the year with a share price of 2,567.61 ZAR and has since gained 5.1% on that price valuation, ranking it 90th on the JSE in terms of year-to-date performance. Investors should, however, take caution of CFR’s recent poor performance, having lost 11% of its value in the past four weeks.

Compagnie Financière Richemont is the 152nd most traded stock on the Johannesburg Stock Exchange over the past three months (Jan 18 - Apr 18, 2024). CFR has traded a total volume of 10.8 million shares—in 235,030 deals—valued at ZAR 30.8 billion over the period, with an average of 171,676 traded shares per session. A volume high of 709,499 was achieved on April 17th, and a low of 57,217 on February 26th, for the same period. The table below details the last 10 trading days of activity of Compagnie Financière Richemont on the Johannesburg Stock Exchange.

Profile of Compagnie Financière Richemont SA

Compagnie Financière Richemont SA was founded on October 18, 2002 and operates in the Consumer Goods sector, specifically, the Personal Goods industry. Compagnie Financière Richemont SA contracts an estimated total number of 35,657 employees.

CFR Industrial Market Competitors

Compagnie Financière Richemont SA, issuers of the CFR stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Consumer Goods sector and/or Personal Goods industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange