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Brembo

DB:BRCA
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRCA
DB
€2B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Brembo S.p.A., together with its subsidiaries, designs, develops, and produces braking systems and components under the Brembo, Breco, AP Racing, Bybre, and Marchesini brands for cars, motorbikes, and industrial vehicles and machinery. The last earnings update was 38 days ago. More info.


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  • Brembo has significant price volatility in the past 3 months.
BRCA Share Price and Events
7 Day Returns
-9.1%
DB:BRCA
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-43.7%
DB:BRCA
-52.5%
DE Auto Components
-20.9%
DE Market
BRCA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Brembo (BRCA) -9.1% -23.2% -43.1% -43.7% -56.4% -20.5%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • BRCA outperformed the Auto Components industry which returned -52.5% over the past year.
  • BRCA underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
BRCA
Industry
5yr Volatility vs Market

BRCA Value

 Is Brembo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Brembo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Brembo.

DB:BRCA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:BRCA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 24%) (32.28%))
1.229
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.229 * 8.23%)
9.72%

Discounted Cash Flow Calculation for DB:BRCA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Brembo is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:BRCA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.72%)
2020 201.35 Analyst x4 183.51
2021 174.33 Analyst x4 144.80
2022 199.50 Analyst x4 151.03
2023 216.58 Est @ 8.56% 149.44
2024 229.31 Est @ 5.88% 144.20
2025 238.47 Est @ 4% 136.68
2026 244.87 Est @ 2.68% 127.91
2027 249.17 Est @ 1.76% 118.63
2028 251.95 Est @ 1.11% 109.32
2029 253.62 Est @ 0.66% 100.30
Present value of next 10 years cash flows €1,365.00
DB:BRCA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €253.62 × (1 + -0.39%) ÷ (9.72% – -0.39%)
€2,498.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,498.56 ÷ (1 + 9.72%)10
€988.07
DB:BRCA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,365.00 + €988.07
€2,353.07
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,353.07 / 323.89
€7.27
DB:BRCA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BRCA represents 0.97997x of BIT:BRE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97997x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 7.27 x 0.97997
€7.12
Value per share (EUR) From above. €7.12
Current discount Discount to share price of €6.12
= -1 x (€6.12 - €7.12) / €7.12
14.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Brembo is available for.
Intrinsic value
14%
Share price is €6.12 vs Future cash flow value of €7.12
Current Discount Checks
For Brembo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Brembo's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Brembo's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Brembo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Brembo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BRCA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.73
BIT:BRE Share Price ** BIT (2020-04-06) in EUR €6.24
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Brembo.

DB:BRCA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:BRE Share Price ÷ EPS (both in EUR)

= 6.24 ÷ 0.73

8.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brembo is good value based on earnings compared to the DE Auto Components industry average.
  • Brembo is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Brembo's expected growth come at a high price?
Raw Data
DB:BRCA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-1.5%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:BRCA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.52x ÷ -1.5%

-5.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brembo earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Brembo's assets?
Raw Data
DB:BRCA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €4.19
BIT:BRE Share Price * BIT (2020-04-06) in EUR €6.24
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:BRCA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:BRE Share Price ÷ Book Value per Share (both in EUR)

= 6.24 ÷ 4.19

1.49x

* Primary Listing of Brembo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Brembo is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Brembo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Brembo has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BRCA Future Performance

 How is Brembo expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Brembo expected to grow at an attractive rate?
  • Brembo's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Brembo's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Brembo's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BRCA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BRCA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -1.5%
DB:BRCA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.6%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:BRCA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BRCA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,834 1
2023-12-31 2,758 1
2022-12-31 2,689 419 226 3
2021-12-31 2,612 393 214 3
2020-12-31 2,460 391 185 3
2020-04-07
DB:BRCA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 2,625 307 238
2019-09-30 2,640 387 225
2019-06-30 2,662 344 228
2019-03-31 2,687 426 235
2018-12-31 2,676 448 238
2018-09-30 2,644 375 264
2018-06-30 2,574 392 267
2018-03-31 2,519 348 264
2017-12-31 2,494 384 263
2017-09-30 2,455 404 251
2017-06-30 2,431 368 250
2017-03-31 2,382 328 248

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Brembo's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Brembo's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:BRCA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Brembo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BRCA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.68 0.71 0.65 3.00
2021-12-31 0.61 0.71 0.52 4.00
2020-12-31 0.52 0.59 0.39 4.00
2020-04-07
DB:BRCA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.73
2019-09-30 0.69
2019-06-30 0.70
2019-03-31 0.72
2018-12-31 0.73
2018-09-30 0.82
2018-06-30 0.82
2018-03-31 0.81
2017-12-31 0.81
2017-09-30 0.77
2017-06-30 0.77
2017-03-31 0.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Brembo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Brembo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Brembo has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BRCA Past Performance

  How has Brembo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Brembo's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Brembo's year on year earnings growth rate has been positive over the past 5 years.
  • Brembo's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Brembo's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Brembo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Brembo Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BRCA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,625.15 237.72 490.28
2019-09-30 2,639.80 225.09 506.52
2019-06-30 2,662.36 228.44 499.60
2019-03-31 2,687.02 234.57 514.67
2018-12-31 2,676.49 238.35 511.14
2018-09-30 2,643.66 264.21 528.56
2018-06-30 2,573.55 266.85 519.80
2018-03-31 2,519.36 263.94 484.64
2017-12-31 2,494.24 263.43 476.88
2017-09-30 2,455.48 250.89 457.17
2017-06-30 2,431.09 250.24 447.58
2017-03-31 2,382.46 247.88 439.46
2016-12-31 2,310.84 240.63 424.02
2016-09-30 2,256.82 238.01 410.90
2016-06-30 2,199.46 222.07 397.66
2016-03-31 2,139.56 198.57 389.63
2015-12-31 2,089.35 183.96 386.99
2015-09-30 2,027.64 166.79 377.52
2015-06-30 1,955.56 154.02 371.32
2015-03-31 1,885.25 138.94 363.26
2014-12-31 1,817.92 129.05 355.80
2014-09-30 1,768.96 120.03 352.73
2014-06-30 1,721.67 109.79 345.94
2014-03-31 1,657.79 104.34 336.38
2013-12-31 1,582.61 89.02 330.63
2013-09-30 1,513.30 92.26 314.88
2013-06-30 1,464.08 85.51 312.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Brembo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Brembo used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Brembo's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Brembo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Brembo has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BRCA Health

 How is Brembo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Brembo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Brembo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Brembo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Brembo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Brembo Company Filings, last reported 3 months ago.

DB:BRCA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,388.02 456.44 304.79
2019-09-30 1,388.02 456.44 304.79
2019-06-30 1,288.48 530.61 277.58
2019-03-31 1,311.12 653.61 264.45
2018-12-31 1,228.82 482.24 345.12
2018-09-30 1,182.35 503.66 262.94
2018-06-30 1,124.53 525.98 262.75
2018-03-31 1,126.21 491.67 216.01
2017-12-31 1,064.44 519.72 300.83
2017-09-30 988.54 573.84 323.48
2017-06-30 943.06 546.27 286.21
2017-03-31 961.04 545.86 319.02
2016-12-31 882.31 442.25 245.67
2016-09-30 819.78 460.51 203.86
2016-06-30 756.06 448.76 187.99
2016-03-31 734.70 400.74 245.96
2015-12-31 687.55 363.60 202.10
2015-09-30 630.31 427.58 212.20
2015-06-30 596.61 426.54 166.48
2015-03-31 621.41 477.93 222.78
2014-12-31 536.33 482.22 206.02
2014-09-30 505.63 507.48 187.67
2014-06-30 462.22 512.94 183.67
2014-03-31 464.72 491.37 151.36
2013-12-31 429.21 428.90 106.09
2013-09-30 401.98 480.04 108.07
2013-06-30 392.99 487.08 114.21
  • Brembo's level of debt (32.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (89.7% vs 32.9% today).
  • Debt is well covered by operating cash flow (67.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.1x coverage).
X
Financial health checks
We assess Brembo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Brembo has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BRCA Dividends

 What is Brembo's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Brembo dividends. Estimated to be 3.73% next year.
If you bought €2,000 of Brembo shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Brembo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Brembo's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:BRCA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:BRCA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.26 3.00
2021-12-31 0.25 3.00
2020-12-31 0.21 5.00
2020-04-07
DB:BRCA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-02 0.000 0.000
2019-03-18 0.220 2.197
2019-03-04 0.220 2.114
2018-03-20 0.220 2.017
2018-03-05 0.220 1.736
2017-03-20 0.200 1.494
2017-03-03 0.200 1.518
2016-04-21 0.160 1.494
2015-03-24 0.120 1.528
2015-03-05 0.120 1.586
2014-03-06 0.100 1.818
2013-03-05 0.080 2.500
2012-07-31 0.060 3.375
2012-03-02 0.060 3.656
2011-03-02 0.060 3.798
2010-05-13 0.045 3.408

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Brembo has not reported any payouts.
  • Unable to verify if Brembo's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Brembo's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Brembo has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Brembo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Brembo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Brembo has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BRCA Management

 What is the CEO of Brembo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniele Schillaci
TENURE AS CEO 0.8 years
CEO Bio

Mr. Daniele Schillaci has been Chief Executive Officer, Managing Director ?& Director at Brembo S.p.A. since July 1, 2019. Mr. Schillaci served as an Executive Vice President of Global Marketing and Sales, Zero Emission Vehicle and Battery Business Unit at Nissan Motor Co. Ltd., since March 14, 2017 until May 15, 2019. Mr. Schillaci served as Executive Vice President for Global Marketing and Sales at Nissan Motor Co. Ltd. from June 15, 2015 to March 14, 2017. Mr. Schillaci began his career in 1993 at Renault SA, (now Nissan's French partner), and joined Fiat Auto SpA in 2001 as Head of the Alfa Romeo unit in Italy. Since 2002, he has held a number of key positions at Toyota's European operations and served as its senior vice president at Toyota Motor Europe since 2012. Mr. Schillaci served as a Non-Executive Director at Toyota Caetano Portugal SA since February 6, 2012. He is a Supervisory Board Member of Brembo SGL Carbon Ceramic Brakes S.p.A. since July 2019.

CEO Compensation
  • Insufficient data for Daniele to compare compensation growth.
  • Insufficient data for Daniele to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Brembo management team in years:

11
Average Tenure
  • The average tenure for the Brembo management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alberto Bombassei

TITLE
Chairman & President
COMPENSATION
€5M
AGE
79
TENURE
12 yrs

Matteo Tiraboschi

TITLE
Executive Deputy Chairman
COMPENSATION
€3M
TENURE
10.9 yrs

Cristina Bombassei

TITLE
Chief CSR Officer & Executive Director
COMPENSATION
€196K

Daniele Schillaci

TITLE
CEO, MD & Director
TENURE
0.8 yrs

Umberto Silva

TITLE
Chief Legal & Corporate Affairs Officer and Company Secretary
AGE
37
TENURE
11.2 yrs

Giovanni Canavotto

TITLE
GM of Systems Division & Executive Director
Board of Directors Tenure

Average tenure of the Brembo board of directors in years:

7.4
Average Tenure
  • The tenure for the Brembo board of directors is about average.
Board of Directors

Alberto Bombassei

TITLE
Chairman & President
COMPENSATION
€5M
AGE
79
TENURE
27.3 yrs

Matteo Tiraboschi

TITLE
Executive Deputy Chairman
COMPENSATION
€3M
TENURE
8.8 yrs

Cristina Bombassei

TITLE
Chief CSR Officer & Executive Director
COMPENSATION
€196K
TENURE
23.3 yrs

Daniele Schillaci

TITLE
CEO, MD & Director
TENURE
0.8 yrs

Giovanni Canavotto

TITLE
GM of Systems Division & Executive Director

Barbara Borra

TITLE
Independent & Non-Executive Director
COMPENSATION
€65K
TENURE
5.9 yrs

Raffaella Pagani

TITLE
President of Board of Statutory Auditors
COMPENSATION
€62K
TENURE
5.9 yrs

Laura Cioli

TITLE
Independent & Non-Executive Director

Valerio Battista

TITLE
Lead Independent Director
AGE
62
TENURE
3 yrs

Umberto Nicodano

TITLE
Non-Executive Director
COMPENSATION
€55K
TENURE
20.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Brembo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Brembo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BRCA News

Simply Wall St News

BRCA Company Info

Description

Brembo S.p.A., together with its subsidiaries, designs, develops, and produces braking systems and components under the Brembo, Breco, AP Racing, Bybre, and Marchesini brands for cars, motorbikes, and industrial vehicles and machinery. It operates through Discs/Systems/Motorbikes and After Market/Performance Group segments. The company offers brake discs, calipers, wheel-side modules, and braking systems, as well as integrated engineering services for cars and commercial vehicles; and discs, calipers, brake master cylinders, lightweight alloy wheels, and completes braking systems for motorcycles. It also provides spare parts comprising brake discs, brake pads, drums, brake shoes, kits for drum brakes, and hydraulic components. In addition, the company designs and produces Brembo Racing branded braking systems for race cars and motorbikes; AP Racing branded braking systems and clutches for race cars; Marchesini branded magnesium and aluminium wheels for racing motorbikes. It operates in 15 countries. The company was founded in 1961 and is headquartered in Stezzano, Italy. Brembo S.p.A. is a subsidiary of Nuova FourB S.r.l.

Details
Name: Brembo S.p.A.
BRCA
Exchange: DB
Founded: 1961
€2,021,056,440
323,887,250
Website: http://www.brembo.com
Address: Brembo S.p.A.
Kilometro Rosso Science and Technology Park,
Viale Europa, 2,
Stezzano,
Bergamo, 24040,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT BRE Ordinary Shares Borsa Italiana IT EUR 03. Jul 1995
OTCPK BRBO.F Ordinary Shares Pink Sheets LLC US USD 03. Jul 1995
DB BRCA Ordinary Shares Deutsche Boerse AG DE EUR 03. Jul 1995
LSE 0RPV Ordinary Shares London Stock Exchange GB EUR 03. Jul 1995
WBAG BRE Ordinary Shares Wiener Boerse AG AT EUR 03. Jul 1995
Number of employees
Current staff
Staff numbers
10,579
Brembo employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:16
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2020/02/29
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.