WinstonWınston
Stock

Reunert Limited

RLO.JO
54
Electrical Equipment & Parts · Industrials
Price
5636.00 ZAc
+363.00 (+6.88%)
Market Cap
8.86B ZAc
Exchange
Johannesburg Stock Exchange
Winston Score
54
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Sep 19, 2026 · filings through Mar 31, 2026

§How the score breaks down

Quality
Mixed
Growth
Mixed
Cash Flow
Strong
Stability
Exceptional
Valuation
Good
Dividends
Strong

Share count rising — dilution

+3.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 161.0M (2021) → 166.0M (2025)

§Winston Score History

The full picture

Established in Johannesburg, South Africa, in 1888, Reunert Limited is a diversified company operating across the fields of electrical engineering, information communication technologies (ICT), and applied electronics. The company maintains a presence in numerous countries, including South Africa, Australia, Lesotho, India, Mauritius, the United States, and Zambia. Its Electrical Engineering division focuses on the development, production, installation, and maintenance of critical infrastructure components. Offerings span power cables; copper and optical fiber telecommunications cables and associated ducts; low-voltage electrical distribution, protection, and control gear; high and medium-voltage switchgear; copper casted rods; and aluminum conductors. This segment primarily caters to the mining, utilities, municipal, parastatal, and building sectors. The ICT segment provides a comprehensive suite of information and communication technology solutions. This includes multi-functional and production printing devices, managed print software, document management solutions, smart technologies, surveillance, access controls, and integrated telephony and connectivity services, often supplemented by asset-backed financial solutions. Additionally, it delivers a full spectrum of telecommunication services, offering voice, data, and hosted services via fixed-line and wireless circuits. This encompasses cloud-based virtual private branch exchange (PBX) services, hosted call recording, geographic number portability, and business internet access. Its extensive client base includes corporate and retail customers, small and medium-sized enterprises (SMEs), governmental bodies, and state-owned entities (SOEs). Reunert's Applied Electronics segment specializes in sophisticated electronic systems. Its portfolio features search and tracking radar systems, secure communication solutions, network-centric security offerings, cryptographic products, various electronic components, remote-controlled stabilized weapons platforms, energy engineering and storage solutions, and robotics systems. This segment serves a diverse clientele comprising corporations, municipalities, governments, both local and international defense forces, and mining companies.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
7.2%
Thin — 7.2% gross margin
Profit after running costs
Operating Margin
7.2%
Modest — 7.2% operating margin
Return on the money invested
ROCE
15.2%
Strong — 15.2% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-0.4%
Shrinking sales (-0.4% YoY)
Profit growth
EPS YoY
-1.7%
Earnings shrinking (-1.7% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
141%
Turns 141% of profit into real cash
Spare cash per sale
FCF Margin
7.6%
Modest free cash flow (7.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.15
Conservative — low debt load (0.15)
Covers its interest
Interest Cover
8.23x
Comfortably covers interest (8.2x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
10.0x
Attractive valuation — P/E 10.0

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-0.4
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
3.19%
Moderate income — 3.19% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+15.9%
Dividend growing fast (15.9% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial