BATS-CHIXE:BREBB

Stock Analysis Report

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Executive Summary

Brederode SA is a private equity firm specializing in direct and fund of fund investments. More Details


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Brederode's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BREBB is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BREBB's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.7%

BREBB

-1.8%

GB Capital Markets

0.0002%

GB Market


1 Year Return

11.3%

BREBB

-1.0%

GB Capital Markets

-10.0%

GB Market

Return vs Industry: BREBB exceeded the UK Capital Markets industry which returned -1% over the past year.

Return vs Market: BREBB exceeded the UK Market which returned -10% over the past year.


Shareholder returns

BREBBIndustryMarket
7 Day1.7%-1.8%0.0002%
30 Day7.0%4.2%10.0%
90 Day4.6%0.3%7.0%
1 Year12.4%11.3%2.4%-1.0%-6.4%-10.0%
3 Year65.5%60.2%24.6%10.0%1.3%-11.1%
5 Year109.0%95.6%64.2%34.7%25.7%-2.9%

Long-Term Price Volatility Vs. Market

How volatile is Brederode's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Brederode undervalued compared to its fair value and its price relative to the market?

19.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BREBB (€79) is trading below our estimate of fair value (€98.5)

Significantly Below Fair Value: BREBB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BREBB is good value based on its PE Ratio (14.1x) compared to the GB Capital Markets industry average (18.9x).

PE vs Market: BREBB is good value based on its PE Ratio (14.1x) compared to the UK market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BREBB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BREBB is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

How is Brederode forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.6%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Brederode has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Brederode performed over the past 5 years?

11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BREBB has a large one-off gain of €134.7M impacting its June 30 2020 financial results.

Growing Profit Margin: Insufficient data to determine if BREBB's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: BREBB's earnings have grown by 11.6% per year over the past 5 years.

Accelerating Growth: BREBB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BREBB had negative earnings growth (-47.1%) over the past year, making it difficult to compare to the Capital Markets industry average (1.8%).


Return on Equity

High ROE: BREBB's Return on Equity (6.9%) is considered low.


Next Steps

Financial Health

How is Brederode's financial position?


Financial Position Analysis

Short Term Liabilities: BREBB's short term assets (€720.0K) exceed its short term liabilities (€570.0K).

Long Term Liabilities: BREBB has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BREBB is debt free.

Reducing Debt: BREBB has not had any debt for past 5 years.

Debt Coverage: BREBB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BREBB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Brederode current dividend yield, its reliability and sustainability?

1.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BREBB's dividend (1.29%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.72%).

High Dividend: BREBB's dividend (1.29%) is low compared to the top 25% of dividend payers in the UK market (4.94%).


Stability and Growth of Payments

Stable Dividend: BREBB's dividends per share have been stable in the past 10 years.

Growing Dividend: BREBB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.2%), BREBB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.0yrs

Average board tenure


CEO

Luigi Santambrogio (59 yo)

14.75yrs

Tenure

€339,240

Compensation

Mr. Luigi Santambrogio serves as Managing Director at Athanor Ltd. Mr. Santambrogio has been the Managing Director at Brederode SA., since February 2006. He worked in London with Kleinwort Benson and Merri...


CEO Compensation Analysis

Compensation vs Market: Luigi's total compensation ($USD0.00) is below average for companies of similar size in the UK market ($USD2.13M).

Compensation vs Earnings: Luigi's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Pierre van der Mersch
Chairman & President14.75yrs€264.22kno data
Luigi Santambrogio
MD & Executive Director14.75yrs€339.24kno data
Axel Van Mersch
MD & Executive Director13.58yrs€301.37kno data
Bruno Colmant
Independent Director10.5yrs€9.00kno data
René Beltjens
Independent Non Executive Director0.83yrno datano data

12.0yrs

Average Tenure

59yo

Average Age

Experienced Board: BREBB's board of directors are seasoned and experienced ( 12 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Brederode SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brederode SA
  • Ticker: BREBB
  • Exchange: BATS-CHIXE
  • Founded: 1804
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €2.226b
  • Shares outstanding: 28.10m
  • Website: https://www.brederode.eu

Number of Employees


Location

  • Brederode SA
  • 32, Boulevard Joseph II
  • Luxembourg
  • 1840
  • Luxembourg

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BREBENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJan 1992
BREBBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
0QWBLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
BRELBDL (Bourse de Luxembourg)YesOrdinary SharesLUEURJan 1992

Biography

Brederode SA is a private equity firm specializing in direct and fund of fund investments. Within direct, it specializes in buyouts, middle market, growth capital, and mature investments. Within fund of fu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 18:56
End of Day Share Price2020/11/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.