Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €9.86, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Auto Components industry in Italy. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.35 per share. Bekanntmachung • May 06
Brembo Announces Sensify Enters Production Brembo, the global mobility innovation leader, announced that Sensify, the new standard in intelligent braking, has entered production for a global vehicle manufacturer. Sensify is fitted as standard on 100% of the vehicles in the program, confirming the platform's readiness for full industrial deployment. Designed as a scalable and adaptable solution, Sensify is engineered to support a wide range of advanced vehicle architectures, from next-generation driver assistance systems to fully autonomous applications, marking a key milestone in the evolution of braking toward a truly software-defined future. This milestone represents a significant step forward in the adoption of by-wire software-defined braking systems for safety-critical automotive applications. Sensify was born as a fluid-free architecture that distributes intelligence at wheel level, removing hydraulic circuits and centralized actuation. This innovative approach enables accurate and continuous modulation of braking forces, supporting stable and controlled vehicle behaviour in complex and highly variable driving conditions, enhancing peace of mind. As the market sees a growing wave of announcements around electromechanical braking technologies (EMB), Sensify stands apart with hardware and adaptable software layers. It naturally integrates into the software-defined vehicle paradigm, allowing manufacturers to deploy advanced functionalities across vehicle platforms while ensuring scalability, consistency and long-term value throughout the vehicle lifecycle. Following Sensify's entry into production for a global manufacturer, Brembo has also recently signed additional contracts with new customers. As a result, Brembo expects to equip hundreds of thousands of vehicles per year, paving the way for large-scale deployment of Sensify and reinforcing the company's ambition to help shape a Zero Accident Future. Declared Dividend • May 03
Dividend of €0.30 announced Dividend of €0.30 is the same as last year. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Bekanntmachung • May 02
Brembo N.V. announces Annual dividend, payable on May 20, 2026 Brembo N.V. announced Annual dividend of EUR 0.3000 per share payable on May 20, 2026, ex-date on May 18, 2026 and record date on May 19, 2026. Reported Earnings • Mar 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €0.66 (down from €0.82 in FY 2024). Revenue: €3.75b (down 3.5% from FY 2024). Net income: €209.3m (down 20% from FY 2024). Profit margin: 5.6% (down from 6.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year. Price Target Changed • Mar 23
Price target decreased by 8.0% to €9.75 Down from €10.60, the current price target is an average from 10 analysts. New target price is 28% above last closing price of €7.64. Stock is down 12% over the past year. The company is forecast to post earnings per share of €0.68 for next year compared to €0.82 last year. Reported Earnings • Nov 09
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: €0.20 (up from €0.13 in 3Q 2024). Revenue: €943.5m (up 1.9% from 3Q 2024). Net income: €65.0m (up 59% from 3Q 2024). Profit margin: 6.9% (up from 4.4% in 3Q 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year. Buy Or Sell Opportunity • Aug 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.6% to €8.60. The fair value is estimated to be €7.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 4.6%. Revenue is forecast to grow by 6.9% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Recent Insider Transactions • Aug 03
Executive VP recently bought €1.0m worth of stock On the 30th of July, Matteo Tiraboschi bought around 120k shares on-market at roughly €8.42 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Matteo's only on-market trade for the last 12 months. Reported Earnings • Jul 30
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: €0.15 (down from €0.26 in 2Q 2024). Revenue: €943.4m (down 6.6% from 2Q 2024). Net income: €46.7m (down 42% from 2Q 2024). Profit margin: 5.0% (down from 8.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • May 12
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Italian dividend payers (5.4%). In line with average of industry peers (3.7%). Recent Insider Transactions • Apr 14
Non-Executive Independent Director recently bought €305k worth of stock On the 7th of April, Giancarlo Dallera bought around 45k shares on-market at roughly €6.77 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €805k more in shares than they have sold in the last 12 months. Major Estimate Revision • Mar 25
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €4.06b to €3.87b. EPS estimate also fell from €0.90 per share to €0.787 per share. Net income forecast to shrink 2.2% next year vs 45% growth forecast for Auto Components industry in Italy . Consensus price target down from €11.41 to €10.17. Share price was steady at €8.66 over the past week. Declared Dividend • Mar 21
Dividend of €0.30 announced Dividend of €0.30 is the same as last year. Ex-date: 19th May 2025 Payment date: 21st May 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Bekanntmachung • Mar 20
Brembo N.V. announces Annual dividend, payable on May 21, 2025 Brembo N.V. announced Annual dividend of EUR 0.3000 per share payable on May 21, 2025, ex-date on May 19, 2025 and record date on May 20, 2025. Reported Earnings • Mar 20
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €0.82 (down from €0.94 in FY 2023). Revenue: €3.92b (up 1.0% from FY 2023). Net income: €262.6m (down 14% from FY 2023). Profit margin: 6.7% (down from 7.9% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Bekanntmachung • Mar 20
Brembo N.V., Annual General Meeting, Apr 29, 2025 Brembo N.V., Annual General Meeting, Apr 29, 2025, at 11:00 W. Europe Standard Time. New Risk • Mar 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (6.3% average weekly change). Buy Or Sell Opportunity • Feb 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.5% to €8.98. The fair value is estimated to be €11.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Recent Insider Transactions • Dec 10
Non-Executive Independent Director recently bought €500k worth of stock On the 3rd of December, Giancarlo Dallera bought around 58k shares on-market at roughly €8.70 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Major Estimate Revision • Nov 12
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €3.92b to €3.86b. EPS estimate also fell from €0.90 per share to €0.807 per share. Net income forecast to grow 9.0% next year vs 23% growth forecast for Auto Components industry in Italy. Consensus price target down from €12.79 to €11.86. Share price fell 4.2% to €9.11 over the past week. Price Target Changed • Nov 11
Price target decreased by 7.3% to €11.86 Down from €12.79, the current price target is an average from 9 analysts. New target price is 25% above last closing price of €9.46. Stock is down 9.9% over the past year. The company is forecast to post earnings per share of €0.81 for next year compared to €0.94 last year. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: €0.13 (vs €0.19 in 3Q 2023) Third quarter 2024 results: EPS: €0.13 (down from €0.19 in 3Q 2023). Revenue: €923.0m (down 4.8% from 3Q 2023). Net income: €40.9m (down 35% from 3Q 2023). Profit margin: 4.4% (down from 6.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Sep 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to €9.97. The fair value is estimated to be €12.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Aug 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to €10.21. The fair value is estimated to be €12.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Aug 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €9.92. The fair value is estimated to be €12.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Aug 02
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: EPS: €0.26 (down from €0.28 in 2Q 2023). Revenue: €1.02b (up 2.0% from 2Q 2023). Net income: €81.1m (down 11% from 2Q 2023). Profit margin: 8.0% (down from 9.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €10.46. The fair value is estimated to be €13.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • May 13
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 20 May 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (3.4%). Reported Earnings • May 09
First quarter 2024 earnings released: EPS: €0.23 (vs €0.24 in 1Q 2023) First quarter 2024 results: EPS: €0.23 (down from €0.24 in 1Q 2023). Revenue: €1.02b (up 5.0% from 1Q 2023). Net income: €75.2m (down 2.2% from 1Q 2023). Profit margin: 7.4% (down from 7.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 07
Full year 2023 earnings released Full year 2023 results: Revenue: €3.85b (up 5.0% from FY 2022). Net income: €305.0m (up 4.1% from FY 2022). Profit margin: 7.9% (down from 8.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Auto Components industry in Italy. Bekanntmachung • Dec 05
Brembo S.p.A., Annual General Meeting, Apr 23, 2024 Brembo S.p.A., Annual General Meeting, Apr 23, 2024. Agenda: To approve the Company's Financial Statements for the year ending 31 December 2023. Reported Earnings • Nov 09
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €992.7m (up 1.0% from 3Q 2022). Net income: €63.2m (down 27% from 3Q 2022). Profit margin: 6.4% (down from 8.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 08
Price target decreased by 10% to €13.08 Down from €14.60, the current price target is an average from 6 analysts. New target price is 24% above last closing price of €10.51. Stock is down 5.3% over the past year. The company is forecast to post earnings per share of €0.95 for next year compared to €0.90 last year. Bekanntmachung • Nov 02
Brembo Launches New Aftermarket Pads Strategy with XTRA Brake Pads at AAPEX & SEMA Brembo announced that it will introduce a new aftermarket pads strategy with the world premiere of the latest in braking technology, at the Automotive Aftermarket Products Expo (AAPEX) & Specialty Equipment Market Association (SEMA) show starting October 31, 2023, at the Las Vegas Convention Center in Las Vegas, Nevada. AAPEX marks the global debut of the Brembo's all Copper Free XTRA brake pad line with Low Met and Ceramic NAO formulations (XTRA and XTRA Ceramic), bridging the gap between Brembo's aftermarket and performance lines and demonstrating Brembo's ability to provide tailored solutions for those seeking the best friction material in an aftermarket pad alongside with a lower impact on the environment. The XTRA Low Met line offers best in class performance, stopping and experience for the car enthusiast. The XTRA Ceramic line delivers superior performance and comfort, with minimal dust to ensure cleaner wheels. The addition of those new pads to the existing XTRA range, which includes Brembo Max slotted discs and XTRA drilled discs, creates the ultimate performance combination specifically designed for high performance vehicles. Brembo will also unveil a new visual identity across its pads line to help distinguish each family with different backing plates and shim colors. The color of the shim will indicate which family the product belongs to. Black for Prime, Red for XTRA and Silver for Beyond. The backing plate color will communicate the friction material. Black for Low-Met, gray for NAO/Ceramic, Blue for Beyond EV and Green for Beyond Greenance. This new extended and tailored made aftermarket pad strategy has been made possible by Brembo's joint venture with Gold Phoenix, enriching and strengthening Brembo's position in the aftermarket pads market for development and production facility. In addition to new brake pad materials, Brembo's AAPEX booth will showcase other product families, like Beyond EV and Beyond Greenance, Brembo's cutting-edge solutions kits that have been both already recognized by various international innovation awards. The SEMA display will include a wide range of Brembo's brake system and component offerings across sport, GT, racing, off-road & UTV segments. Brembo will also have the braking system from the Bugatti Bolide on display, the track-only hypercar built around Bugatti's iconic W16 engine. And, to celebrate Brembo's storied history supplying braking systems and components to Formula 1, and the upcoming return of the Las Vegas Grand Prix, both AAPEX and SEMA booths will include a modern F1 braking system display. Brembo's braking systems and components are found on a wide range of vehicles, from Formula 1 and other racing series to performance focused vehicles as well as daily drivers. Brembo's offerings will continue to expand to serve automakers and enthusiasts alike by turning energy into inspiration. Bekanntmachung • Aug 08
Brembo S.p.A. (BIT:BRE) commences an Equity Buyback Plan for 8,000,000 shares, for €144 million, under the authorization approved on April 20, 2023. Brembo S.p.A. (BIT:BRE) commences a share repurchases on August 1, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2023. As per the mandate, the company is authorized to repurchase up to 8,000,000 shares for €144 million. The minimum purchase to be paid for the share should not be lower than 10% of closing price of the shares during the trading session on the day before each transaction is undertaken and should not be higher than 10% of the closing price of the shares during the trading session on the day before each transaction is undertaken. The objectives of the plan are undertaking investments, with the aim of containing abnormal movements in stock prices, stabilizing stock trading and prices, supporting the liquidity of company’s stock, carrying out share capital transactions or other transactions which make it necessary or appropriate to swap or transfer share packages through exchange, contribution, or any other available methods. The program will continue for a period of 18 months. Reported Earnings • Jul 30
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: €0.28 (up from €0.24 in 2Q 2022). Revenue: €993.2m (up 11% from 2Q 2022). Net income: €91.1m (up 18% from 2Q 2022). Profit margin: 9.2% (up from 8.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 15
Upcoming dividend of €0.28 per share at 1.9% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (3.1%). Reported Earnings • May 11
First quarter 2023 earnings released: EPS: €0.24 (vs €0.22 in 1Q 2022) First quarter 2023 results: EPS: €0.24 (up from €0.22 in 1Q 2022). Revenue: €978.1m (up 13% from 1Q 2022). Net income: €76.8m (up 7.1% from 1Q 2022). Profit margin: 7.9% (down from 8.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Auto Components industry in Italy. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • Mar 04
Full year 2022 earnings released Full year 2022 results: Revenue: €3.63b (up 29% from FY 2021). Net income: €292.8m (up 36% from FY 2021). Profit margin: 8.1% (up from 7.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Auto Components industry in Italy. Price Target Changed • Mar 03
Price target increased by 15% to €15.29 Up from €13.27, the current price target is an average from 7 analysts. New target price is 12% above last closing price of €13.68. Stock is up 53% over the past year. The company is forecast to post earnings per share of €0.95 for next year compared to €0.67 last year. Bekanntmachung • Dec 01
Brembo S.p.A. to Report Fiscal Year 2022 Results on Mar 02, 2023 Brembo S.p.A. announced that they will report fiscal year 2022 results on Mar 02, 2023 
