BREMBO N.V. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.2 EUR | +0.84% |
|
+4.36% | +9.91% |
| Apr. 24 | Mib cautiously active; STM uptrend continues. | AN |
| Mar. 19 | Mib veers bullish; Brembo to fourth bullish | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,597 | 3,498 | 4,058 | 3,385 | 3,588 | 3,944 | - | - |
| Enterprise Value (EV) 1 | 3,942 | 3,883 | 4,470 | 3,887 | 3,588 | 4,294 | 4,171 | 3,961 |
| P/E ratio | 15.6 x | 25.7 x | 18.7 x | 11.6 x | 11.8 x | 12.5 x | 11 x | 13.3 x |
| Yield | 1.99% | 2.04% | 2.15% | - | - | 2.5% | 2.75% | 3.07% |
| Capitalization / Revenue | 1.39 x | 1.58 x | 1.46 x | 0.93 x | 0.93 x | 0.98 x | 0.92 x | 0.86 x |
| EV / Revenue | 1.52 x | 1.76 x | 1.61 x | 1.07 x | 0.93 x | 1.06 x | 0.97 x | 0.86 x |
| EV / EBITDA | 7.65 x | 9.99 x | 8.89 x | 6.22 x | 5.39 x | 6.08 x | 5.41 x | 4.7 x |
| EV / FCF | 42.4 x | 22.7 x | 26 x | - | - | 23.3 x | 16.3 x | 12 x |
| FCF Yield | 2.36% | 4.41% | 3.84% | - | - | 4.29% | 6.13% | 8.36% |
| Price to Book | 2.64 x | 2.41 x | 2.3 x | - | - | 1.74 x | 1.56 x | 1.4 x |
| Nbr of stocks (in thousands) | 325,187 | 323,887 | 323,887 | 323,887 | 323,258 | 323,258 | - | - |
| Reference price 2 | 11.06 | 10.80 | 12.53 | 10.45 | 11.10 | 12.20 | 12.20 | 12.20 |
| Announcement Date | 3/11/20 | 3/1/21 | 3/4/22 | 3/2/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,592 | 2,209 | 2,778 | 3,629 | 3,849 | 4,038 | 4,298 | 4,601 |
| EBITDA 1 | 515.2 | 388.7 | 502.7 | 625.2 | 665.8 | 706 | 770.3 | 842.1 |
| EBIT 1 | 318.5 | 181.1 | 288 | 382.8 | 414.1 | 434.7 | 489.2 | 554 |
| Operating Margin | 12.29% | 8.2% | 10.37% | 10.55% | 10.76% | 10.77% | 11.38% | 12.04% |
| Earnings before Tax (EBT) 1 | 307.7 | 156 | 286.8 | 382.2 | 392 | 421.3 | 485.1 | 545.6 |
| Net income 1 | 231.3 | 136.5 | 215.5 | 292.8 | 305 | 316.4 | 361.2 | 410.3 |
| Net margin | 8.92% | 6.18% | 7.76% | 8.07% | 7.92% | 7.84% | 8.4% | 8.92% |
| EPS 2 | 0.7100 | 0.4200 | 0.6700 | 0.9000 | 0.9400 | 0.9746 | 1.107 | 0.9198 |
| Free Cash Flow 1 | 92.96 | 171.3 | 171.8 | - | - | 184.3 | 255.5 | 331.3 |
| FCF margin | 3.59% | 7.76% | 6.19% | - | - | 4.56% | 5.95% | 7.2% |
| FCF Conversion (EBITDA) | 18.04% | 44.08% | 34.18% | - | - | 26.1% | 33.17% | 39.35% |
| FCF Conversion (Net income) | 40.19% | 125.53% | 79.72% | - | - | 58.25% | 70.75% | 80.76% |
| Dividend per Share 2 | 0.2200 | 0.2200 | 0.2700 | - | - | 0.3054 | 0.3357 | 0.3740 |
| Announcement Date | 3/11/20 | 3/1/21 | 3/4/22 | 3/2/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,268 | 951.1 | 1,258 | 1,361 | 681 | 735.8 | 1,417 | 857.6 | 888.9 | 1,746 | 981.8 | 900.8 | 1,882 | 961.9 | 987.9 | 1,950 | 969.1 | 930.2 | 1,899 |
| EBITDA 1 | 244.6 | 143.3 | 245.4 | 270.2 | 111.4 | 121 | 232.5 | 150.8 | 154.5 | 305.3 | 177 | 142.9 | 319.9 | 168.3 | 175.7 | 344 | 156.1 | 165.6 | 321.8 |
| EBIT 1 | 144 | 38.8 | 142.3 | 165.8 | 58.3 | 63.9 | 122.2 | 92.87 | 94.6 | 187.5 | 115.6 | 79.7 | 195.3 | 104 | 113.9 | 217.9 | 94.9 | 101.3 | 196.2 |
| Operating Margin | 11.36% | 4.08% | 11.32% | 12.18% | 8.56% | 8.68% | 8.63% | 10.83% | 10.64% | 10.74% | 11.77% | 8.85% | 10.37% | 10.81% | 11.53% | 11.17% | 9.79% | 10.89% | 10.33% |
| Earnings before Tax (EBT) 1 | 139.8 | 24.68 | 131.3 | 168.2 | 55.3 | 63.28 | 118.6 | 94.82 | 103.4 | 198.2 | 114.1 | 88.4 | 184 | 105 | 118.5 | 223.4 | 86.7 | 81.91 | 168.6 |
| Net income 1 | - | 20 | 116.5 | 126.9 | 41.7 | 46.9 | 88.56 | 71.68 | 77.2 | 148.9 | 85.9 | 58 | 143.9 | 76.84 | 90.9 | 167.8 | 63.3 | 74 | 137.2 |
| Net margin | - | 2.1% | 9.26% | 9.33% | 6.12% | 6.37% | 6.25% | 8.36% | 8.68% | 8.53% | 8.75% | 6.44% | 7.64% | 7.99% | 9.2% | 8.61% | 6.53% | 7.96% | 7.22% |
| EPS 2 | - | 0.0600 | 0.3600 | 0.3900 | 0.1300 | 0.1400 | 0.2800 | 0.2200 | 0.2400 | 0.4600 | - | 0.1700 | 0.4400 | - | 0.2800 | 0.5200 | - | 0.2300 | 0.4200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/11/20 | 7/29/20 | 3/1/21 | 7/29/21 | 11/9/21 | 3/4/22 | 3/4/22 | 5/11/22 | 7/28/22 | 7/28/22 | 11/9/22 | 3/2/23 | 3/2/23 | 5/9/23 | 7/27/23 | 7/27/23 | 11/7/23 | 3/5/24 | 3/5/24 |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 345 | 385 | 412 | 502 | - | 350 | 227 | 17.4 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.6699 x | 0.9897 x | 0.8192 x | 0.8029 x | - | 0.4957 x | 0.2945 x | 0.0207 x |
| Free Cash Flow 1 | 93 | 171 | 172 | - | - | 184 | 256 | 331 |
| ROE (net income / shareholders' equity) | 18.1% | 9.73% | 12% | 15.1% | - | 14% | 14.4% | 13.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 4.190 | 4.480 | 5.440 | - | - | 7.030 | 7.840 | 8.700 |
| Cash Flow per Share 2 | 0.9400 | 1.030 | 1.290 | - | - | 1.720 | 2.000 | 2.290 |
| Capex 1 | 252 | 186 | 210 | - | - | 361 | 347 | 326 |
| Capex / Sales | 9.71% | 8.43% | 7.57% | - | - | 8.93% | 8.08% | 7.09% |
| Announcement Date | 3/11/20 | 3/1/21 | 3/4/22 | 3/2/23 | 3/5/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
12.2
EUR
Average target price
13.5
EUR
Spread / Average Target
+10.66%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.91% | 4.21B | |
| +226.41% | 3.18B | |
| -24.08% | 3.15B | |
| +5.57% | 2.75B | |
| +33.25% | 2.24B | |
| -27.98% | 2.04B | |
| -20.08% | 1.26B | |
| -15.08% | 1.24B | |
| +50.22% | 1.13B | |
| -20.81% | 1.07B |
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