Buy Or Sell Opportunity • Jun 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to €11.15. The fair value is estimated to be €9.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Buy Or Sell Opportunity • May 27
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €11.53. The fair value is estimated to be €9.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 8.5% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Aankondiging • 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. Aankondiging • 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 • 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 13% growth forecast for the Auto Components industry in Germany. 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 6% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Sep 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to €10.22. The fair value is estimated to be €12.91, 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 01
Second quarter 2024 earnings released: EPS: €0.26 (vs €0.28 in 2Q 2023) 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 5.6% growth forecast for the Auto Components industry in Germany. 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 5% per year, which means it is significantly lagging earnings. 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 German dividend payers (4.6%). In line with average of industry peers (3.0%). Reported Earnings • May 10
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 5.5% growth forecast for the Auto Components industry in Germany. 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 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 9.2% to €11.91. The fair value is estimated to be €9.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. 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 4.7% growth forecast for the Auto Components industry in Germany. Aankondiging • 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 4.9% growth forecast for the Auto Components industry in Germany. 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. Aankondiging • 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. Aankondiging • 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 released: EPS: €0.28 (vs €0.24 in 2Q 2022) 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 is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. 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 20% 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 German dividend payers (4.7%). Lower than average of industry peers (2.5%). 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 5.9% growth forecast for the Auto Components industry in Germany. 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 5.8% growth forecast for the Auto Components industry in Germany. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: €0.27 (vs €0.13 in 3Q 2021) Third quarter 2022 results: EPS: €0.27 (up from €0.13 in 3Q 2021). Revenue: €981.8m (up 44% from 3Q 2021). Net income: €85.9m (up 106% from 3Q 2021). Profit margin: 8.7% (up from 6.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: €0.24 (vs €0.20 in 2Q 2021) Second quarter 2022 results: EPS: €0.24 (up from €0.20 in 2Q 2021). Revenue: €907.9m (up 31% from 2Q 2021). Net income: €77.3m (up 18% from 2Q 2021). Profit margin: 8.5% (down from 9.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 10%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • May 16
Upcoming dividend of €0.27 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (3.6%). Reported Earnings • May 13
First quarter 2022 earnings released: EPS: €0.22 (vs €0.19 in 1Q 2021) First quarter 2022 results: EPS: €0.22 (up from €0.19 in 1Q 2021). Revenue: €857.6m (up 26% from 1Q 2021). Net income: €71.7m (up 17% from 1Q 2021). Profit margin: 8.4% (down from 9.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.5%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. President & Chairman Emeritus? Alberto Bombassei was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 22
High number of new directors There are 5 new directors who have joined the board in the last 3 years. President & Chairman Emeritus? Alberto Bombassei was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 05
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €2.78b (up 24% from FY 2020). Net income: €215.5m (up 57% from FY 2020). Profit margin: 7.8% (up from 6.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 11% compared to a 1.8% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS €0.13 (vs €0.16 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €693.0m (up 13% from 3Q 2020). Net income: €41.7m (down 20% from 3Q 2020). Profit margin: 6.0% (down from 8.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS €0.20 (vs €0.031 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €700.9m (up 83% from 2Q 2020). Net income: €65.7m (up €75.4m from 2Q 2020). Profit margin: 9.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • May 17
Upcoming dividend of €0.22 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (2.0%). Reported Earnings • May 14
First quarter 2021 earnings released: EPS €0.19 (vs €0.09 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €681.8m (up 17% from 1Q 2020). Net income: €61.4m (up 107% from 1Q 2020). Profit margin: 9.0% (up from 5.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 07
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €2.21b (down 16% from FY 2019). Net income: €136.5m (down 43% from FY 2019). Profit margin: 6.2% (down from 9.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue beats expectations Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 13%, compared to a 9.9% growth forecast for the Auto Components industry in Germany. Is New 90 Day High Low • Mar 06
New 90-day low: €9.99 The company is down 5.0% from its price of €10.47 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.20 per share. Is New 90 Day High Low • Jan 30
New 90-day high: €11.08 The company is up 27% from its price of €8.74 on 30 October 2020. The German market is up 18% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.49 per share. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS €0.16 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €625.3m (down 2.6% from 3Q 2019). Net income: €51.9m (down 3.5% from 3Q 2019). Profit margin: 8.3% (down from 8.4% in 3Q 2019). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue misses expectations Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 6.6%, compared to a 3.8% growth forecast for the Auto Components industry in Germany. Is New 90 Day High Low • Nov 10
New 90-day high: €10.07 The company is up 26% from its price of €7.99 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.51 per share. Is New 90 Day High Low • Oct 24
New 90-day high: €9.52 The company is up 18% from its price of €8.04 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.63 per share. Is New 90 Day High Low • Oct 06
New 90-day high: €9.00 The company is up 9.0% from its price of €8.22 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Auto Components industry, which is also up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.68 per share. 