Buy Or Sell Opportunity • Jun 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to €11.12. The fair value is estimated to be €9.19, 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. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €11.66, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Auto Components industry in Europe. Total loss to shareholders of 9.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.27 per share. Buy Or Sell Opportunity • May 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.5% to €11.08. The fair value is estimated to be €9.22, 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. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: €0.18 (vs €0.16 in 1Q 2025) First quarter 2026 results: EPS: €0.18 (up from €0.16 in 1Q 2025). Revenue: €954.8m (down 1.1% from 1Q 2025). Net income: €56.9m (up 11% from 1Q 2025). Profit margin: 6.0% (up from 5.3% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €9.79, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Auto Components industry in Europe. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.58 per share. Announcement • 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. New Risk • May 05
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 Austrian stocks, typically moving 5.9% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). 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 3.7%, 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. Announcement • 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. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Giancarlo Dallera was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: €0.66 (vs €0.82 in FY 2024) 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 is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Auto Components industry in Europe. 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. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: €0.20 (vs €0.13 in 3Q 2024) 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 is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Europe are expected to remain flat. 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 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.8% to €8.77. The fair value is estimated to be €7.20, 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 31
Second quarter 2025 earnings released: EPS: €0.15 (vs €0.26 in 2Q 2024) 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 is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Auto Components industry in Europe. 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 Austrian dividend payers (4.9%). In line with average of industry peers (3.7%). Recent Insider Transactions • Apr 13
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. 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 3.4%, 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. 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. 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 6.5% growth forecast for the Auto Components industry in Europe. 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 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to €10.28. The fair value is estimated to be €13.02, 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 01
Now 19% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €10.37. The fair value is estimated to be €12.75, 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 5.6% 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 4.2% growth forecast for the Auto Components industry in Europe. 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. New Risk • May 23
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 Austrian stocks, typically moving 4.9% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.9% average weekly change). 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 3.5% growth forecast for the Auto Components industry in Europe. Announcement • 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 10
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 3.8% growth forecast for the Auto Components industry in Europe. 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. Announcement • 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. New Risk • Aug 10
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • 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 4.1% growth forecast for the Auto Components industry in Europe. 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 Austrian dividend payers (5.2%). 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 4.7% growth forecast for the Auto Components industry in Europe. 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 27% 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 5.1% growth forecast for the Auto Components industry in Europe. 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 5.3% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.9%. The fair value is estimated to be €11.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 29% in the next 2 years. Buying Opportunity • Aug 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €11.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 29% in the next 2 years. Reported Earnings • Jul 29
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 6.5%, compared to a 14% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% 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 Austrian dividend payers (4.6%). Lower than average of industry peers (3.5%). 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 14% growth forecast for the industry in Austria. 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 11% growth forecast for the industry in Austria. 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 Austrian dividend payers (3.2%). 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 4% per year, which means it has not declined as severely as earnings. Announcement • Apr 29
Brembo S.p.A. (BIT:BRE) signed an agreement to acquire J Juan Sau for €70 million. Brembo S.p.A. (BIT:BRE) signed an agreement to acquire J Juan Sau for €70 million on April 28, 2021. For the year ended December 31, 2020, J Juan Sau reported Revenues amounted to about €60 million. Transaction is subject to approval from Antitrust Authorities and is expected to complete in second half of 2021. 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 10% growth forecast for the Auto Components industry in Austria. Is New 90 Day High Low • Mar 06
New 90-day low: €10.07 The company is down 6.0% from its price of €10.69 on 04 December 2020. The Austrian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.67 per share. Announcement • Mar 05
Brembo S.p.A., Annual General Meeting, Apr 22, 2021 Brembo S.p.A., Annual General Meeting, Apr 22, 2021, at 10:30 Central European Standard Time. Location: Company offices at Viale Europa 4 (Entry Gate 1), 24040 Stezzano Bergamo Italy Agenda: To consider presentation of the Financial Statements of Brembo S.p.A. for the year ended 31 December 2020, with the Directors' Report on Operations; to consider allocation of profit for the year. Relevant and upcoming resolutions; to consider presentation of the Consolidated Financial Statements of the Brembo Group for the year ended 31 December 2020, with the Directors' Report on Operations, the Statutory Auditors' Report, the Independent Auditors' Report and the Attestation of the Manager in charge of Company's Financial Reports; and to consider presentation of the Consolidated Disclosure of Non-Financial Information of the Brembo Group for the year ended 31 December 2020, pursuant to Legislative Decree No. 254 of 30 December 2016; and to consider other matters. Announcement • Feb 23
Brembo S.p.A. to Report Fiscal Year 2020 Results on Mar 04, 2021 Brembo S.p.A. announced that they will report fiscal year 2020 results at 9:30 AM, Central European Standard Time on Mar 04, 2021 Is New 90 Day High Low • Jan 30
New 90-day high: €11.25 The company is up 26% from its price of €8.92 on 30 October 2020. The Austrian market is up 39% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.65 per share. Announcement • Nov 27
Brembo S.p.A. to Report Q1, 2021 Results on May 10, 2021 Brembo S.p.A. announced that they will report Q1, 2021 results at 9:30 AM, Central European Standard Time on May 10, 2021 Announcement • Nov 19
Brembo S.p.A. (BIT:BRE) agreed to acquire Sbs Friction A/s for approximately €30 million. Brembo S.p.A. (BIT:BRE) agreed to acquire Sbs Friction A/s for approximately €30 million on November 17, 2020. The consideration will be paid using available cash, and is subject to the customary adjustment mechanisms as for similar transactions. Sbs Friction has a revenue of €18 million in 2019. The agreement is expected to be finalized in the first quarter of 2021. Valuation Update With 7 Day Price Move • Nov 16
Market bids up stock over the past week After last week's 18% share price gain to €10.51, the stock is trading at a trailing P/E ratio of 26.9x, up from the previous P/E ratio of 22.8x. This compares to an average P/E of 22x in the Auto Components industry in Europe. Total return to shareholders over the past three years is a loss of 14%. 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 3.1% growth forecast for the Auto Components industry in Austria. Is New 90 Day High Low • Nov 10
New 90-day high: €10.18 The company is up 25% from its price of €8.14 on 12 August 2020. The Austrian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.53 per share. Is New 90 Day High Low • Oct 22
New 90-day high: €9.28 The company is up 13% from its price of €8.19 on 24 July 2020. The Austrian market is down 3.0% 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 €5.68 per share. Is New 90 Day High Low • Oct 06
New 90-day high: €9.15 The company is up 9.0% from its price of €8.39 on 08 July 2020. The Austrian market is down 3.0% 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 €5.74 per share. 
