Brenntag SE

SWX:BNR Stock Report

Market Cap: CHF 7.9b

Brenntag Valuation

Is BNR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BNR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BNR (CHF91.5) is trading below our estimate of fair value (CHF230.59)

Significantly Below Fair Value: BNR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BNR?

Key metric: As BNR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BNR. This is calculated by dividing BNR's market cap by their current earnings.
What is BNR's PE Ratio?
PE Ratio15.5x
Earnings€544.50m
Market Cap€8.46b

Price to Earnings Ratio vs Peers

How does BNR's PE Ratio compare to its peers?

The above table shows the PE ratio for BNR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.4x
DKSH DKSH Holding
23x9.5%CHF 4.4b
BOSN Bossard Holding
21.9x14.9%CHF 1.5b
BEAN BELIMO Holding
49.4x9.2%CHF 7.4b
VACN VAT Group
51.4x21.6%CHF 10.3b
BNR Brenntag
15.5x15.8%CHF 8.5b

Price-To-Earnings vs Peers: BNR is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (36.4x).

Price to Earnings Ratio vs Industry

How does BNR's PE Ratio compare vs other companies in the European Trade Distributors Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BNR 15.5xIndustry Avg. 14.6xNo. of Companies10PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BNR is expensive based on its Price-To-Earnings Ratio (15.5x) compared to the European Trade Distributors industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is BNR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BNR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ratio24.4x

Price-To-Earnings vs Fair Ratio: BNR is good value based on its Price-To-Earnings Ratio (15.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BNR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 91.50
CHF 71.30
-22.1%
13.3%CHF 85.66CHF 54.00n/a18
Dec ’25CHF 91.50
CHF 71.31
-22.1%
13.6%CHF 88.28CHF 53.90n/a18
Nov ’25CHF 91.50
CHF 73.38
-19.8%
10.8%CHF 87.85CHF 56.07n/a18
Oct ’25CHF 91.50
CHF 75.02
-18.0%
11.6%CHF 93.28CHF 56.53n/a18
Sep ’25CHF 91.50
CHF 75.76
-17.2%
11.5%CHF 93.93CHF 56.93n/a18
Aug ’25CHF 91.50
CHF 78.32
-14.4%
12.3%CHF 100.54CHF 58.01n/a18
Jul ’25CHF 91.50
CHF 78.17
-14.6%
10.1%CHF 98.83CHF 63.67n/a18
Jun ’25CHF 91.50
CHF 81.53
-10.9%
9.9%CHF 101.79CHF 65.58n/a18
May ’25CHF 91.50
CHF 84.36
-7.8%
11.0%CHF 111.44CHF 70.38n/a18
Apr ’25CHF 91.50
CHF 84.63
-7.5%
11.0%CHF 110.76CHF 69.95n/a18
Mar ’25CHF 91.50
CHF 82.69
-9.6%
10.7%CHF 100.35CHF 66.90n/a17
Feb ’25CHF 91.50
CHF 80.69
-11.8%
10.4%CHF 97.89CHF 65.26n/a18
Jan ’25CHF 91.50
CHF 80.14
-12.4%
8.8%CHF 93.59CHF 66.18CHF 91.5018
Dec ’24CHF 91.50
CHF 80.68
-11.8%
9.4%CHF 94.35CHF 66.71CHF 91.5018
Nov ’24CHF 91.50
CHF 80.39
-12.1%
10.1%CHF 93.53CHF 67.08CHF 91.5018
Oct ’24CHF 91.50
CHF 83.04
-9.2%
10.5%CHF 95.62CHF 68.58CHF 91.5018
Sep ’24CHF 91.50
CHF 82.66
-9.7%
11.0%CHF 95.31CHF 63.54CHF 91.5018
Aug ’24CHF 91.50
CHF 82.70
-9.6%
11.6%CHF 95.55CHF 63.06CHF 91.5017
Jul ’24CHF 91.50
CHF 86.12
-5.9%
10.3%CHF 98.03CHF 71.56CHF 91.5017
Jun ’24CHF 91.50
CHF 85.37
-6.7%
10.3%CHF 97.17CHF 70.94CHF 91.5017
May ’24CHF 91.50
CHF 86.29
-5.7%
9.7%CHF 98.55CHF 71.94CHF 91.5017
Apr ’24CHF 91.50
CHF 86.35
-5.6%
10.1%CHF 98.95CHF 72.23CHF 91.5017
Mar ’24CHF 91.50
CHF 86.13
-5.9%
10.5%CHF 98.76CHF 72.10CHF 91.5017
Feb ’24CHF 91.50
CHF 86.41
-5.6%
12.0%CHF 100.37CHF 65.24CHF 91.5016
Jan ’24CHF 91.50
CHF 87.06
-4.9%
12.9%CHF 99.35CHF 63.94CHF 91.5015

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 09:03
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Brenntag SE is covered by 39 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Eric WilmerABN AMRO Bank N.V.
Alejandro AcostaAlezor Research
Christian ObstBaader Helvea Equity Research