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Pas de frein à la croissance des résultats - ACHAT - OC 16,5€

Parti de l’atelier d’Emilio Bombasseï au début des années 60 et dirigé par son fils Alberto, Brembo est leader mondial des systèmes de freinage. Pépite italienne de l’équipement automobile, positionnée haut de gamme et premium, le groupe figure parmi les très belles réussites des 50 dernières années au même titre que Ferrari ou Pirelli. Malgré la prime dont bénéficie le groupe, la valorisation recèle encore du potentiel car Brembo est engagé dans un cycle de croissance organique à 2 chiffres, de progression des marges, malgré un niveau déjà élevé et de rebond de ses FCF. Notre OC ressort à 16,5€ et nous initions le suivi avec une Opinion ACHAT.
Underlying
Brembo S.p.A.

Brembo operates in the field of components for the motor vehicle industry, designing, manufacturing and marketing disc braking systems. The product ranges includes performance brake calipers, brake discs, wheel side assemblies, complete braking systems and integrated engineering services that accompany the development of new vehicle models marketed by car and motorbike manufacturers. Co.'s products and services are employed on cars, commercial vehicles, and motorbikes, as well as in racing. Co. is divided into several manufacturing and marketing units which Co. coordinates.

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

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