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Brederode SA (BREB) Fair Value & Analysis

Financial Services · BE · Market cap €3.0B

BS Brederode SA BREB · BR
Price€103.00
Fair Value€72.16
Upside-29.9%
Quality62/100
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Weak Growth
Highly profitable · 140.1% net margin
generates free cash flow
1.42% dividend yield
Trails peers (5/14)
Moderate moat 60/100
Evidence: High Range €54.12 – €90.20 Share as image

Fair value as of: Aug 6, 2026

From 2 valuation models · updated 4 days ago

Share price −0.6% over the past month.

A solid business, but screening 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€90.20). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

€127.90 €78.58 Fair Value €72.16 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range €78.58 – €127.90 · fair‑value band €54.12 – €90.20 · the €103.00 price screens above the €72.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 6, 2026.

Full chart & analysis →

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Analysis

Brederode SA (BREB) currently trades at €103.00, while our model-based Fair Value estimate is €72.16, implying the stock looks roughly 29.9% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Trailing-twelve-month revenue stands at €88.8M. Revenue grew 38.8% year over year. It earns a return on equity of 3.0%. The stock trades on a trailing P/E of 24.2. Fundamentals as of Aug 6, 2026

Our scenario range runs from €54.12 (bear case) to €90.20 (bull case); at €103.00, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at -30%, BREB screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
P/B Multiple €91.95 €122.60 €153.25 55
NCAV (Graham) €72.12 €96.64 €144.24 50
All 2 models by family
Multiples
P/B Multiple €91.95 €122.60 €153.25 55
Asset-Based
NCAV (Graham) €72.12 €96.64 €144.24 50

Widest divergence: Multiples (€122.60) versus Asset-Based (€96.64). Highest evidence: P/B Multiple (55).

Key figures & financial health

Revenue (TTM) €88.8M
Revenue growth (YoY) +38.8%
Net margin 140%
Return on equity 3.0%
Free cash flow €35.8M FY2025
P/E ratio 24.2
More key figures
Operating margin 99.9%
EPS (TTM) €4.25
Dividend yield 1.4%
EPS growth (YoY) +38.7%
Net cash €10.0K FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 59 · Market factors (momentum, volatility) 55

Profitability 33
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Brederode SA is a venture capital and private equity firm specializing in direct and fund of fund investments. Within direct investment, it specializes in buyouts, middle market, growth capital, leveraged buyout and mature investments. Within fund of fund investments, the firm prefers to invest in private equity funds.

Full company description

Brederode SA is a venture capital and private equity firm specializing in direct and fund of fund investments. Within direct investment, it specializes in buyouts, middle market, growth capital, leveraged buyout and mature investments. Within fund of fund investments, the firm prefers to invest in private equity funds. It also invests in funds through secondary investments. The firm invests in both unlisted and listed securities. It typically invests in the companies operating in various sectors, including financial, energy, technology, Consumer goods, healthcare, electricity, oil & gas, investment companies, telecommunication and other sectors. It seeks to invest in Europe, United States of America, Asia and Australia. The firm seeks to acquire majority and controlling stakes. It also makes co-investment. It prefers to exit the investment from 4 to 7 years. Brederode SA was founded in 1804 and is based in Luxembourg, Luxembourg.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Brederode SA reported revenue of €124M in FY2025 versus €1.0B in FY2021, a compound −41.1%/yr. Reported net income was €124M in FY2025, compounding −41.1%/yr from FY2021.

Growth Quality 27/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€124M
Latest YoY
−67.0%
Avg. growth/yr (5Y)
−13.8%
Avg. growth/yr (22Y)
+6.2%
Revenue −41.1%/yr
FY21 €1.0B
FY22 −€73.3M
FY23 €28.6M
FY24 €377M
FY25 €124M
Net income −41.1%/yr
FY21 €1.0B
FY22 −€73.3M
FY23 €234M
FY24 €413M
FY25 €124M

BREB screens 30% overvalued. Compare with Fondul Proprietatea SA →

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Cite: Fair Value Calculator (2026). "Brederode SA Fair Value". https://www.fairvalue-calculator.com/stock/BREB

Peer Group

Asset Management · 973 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Above median
Fair Value upside −30% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 140% · Top 25%
Operating margin (TTM) 100% · Top 25%
Revenue growth 39% · Above median
Dividend yield (TTM) 1.4% · Below median

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 24.2× · Pricier than 75% of peers
P/B 0.82× · Cheaper than median
P/S (TTM) 39.23× · Pricier than 75% of peers
P/FCF 97.2× · Pricier than 75% of peers
EV/EBITDA 28.0× · Pricier than 75% of peers
PEG 3.54× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 37
FUTURE 100 · sector 6
PAST 12 · sector 26
HEALTH 0 · sector 95
DIVIDEND 28 · sector 69

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is Brederode SA (BREB) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of €72.16 versus a price of €103.00, about −30% (overvalued).
What is the fair value of BREB?
Our model-based fair value for Brederode SA is €72.16 (as of Aug 6, 2026), built from audited fundamentals. The current price is €103.00.
What is the quality score of BREB?
Brederode SA has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Brederode SA (BREB)?
Brederode SA reported trailing-twelve-month revenue of about €88.8M (latest available figure, as of Aug 6, 2026).
What is the net profit margin of BREB?
The net profit margin of Brederode SA is about 140.1%, meaning it keeps roughly 140.1% of revenue as net income. Based on the latest reported figures.
Does Brederode SA pay a dividend?
Brederode SA currently shows a dividend yield of about 1.44% relative to its recent price (as of Aug 6, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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