Added to YB: 2025-10-20
Pitch date: 2025-10-17
BEC.MI [neutral]
B&C Speakers S.p.A.
-1.95%
current return
Author Info
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Company Info
B&C Speakers S.p.A. engages in the production and marketing of professional loudspeakers under the B&C brand name in Italy, Latin America, Europe, North America, the Middle East, Africa, and Asia-Pacific.
Market Cap
EUR 171.9M
Pitch Price
EUR 15.35
Price Target
N/A
Dividend
6.39%
EV/EBITDA
8.34
P/E
14.62
EV/Sales
1.77
Sector
Household Durables
Category
value
Research: B&C Speakers
BEC.MI (overview): Italian electro-acoustic transducer leader trading 10x EV/EBIT, 23% ROIC, 30% ROE. Niche monopoly serves top OEMs like Yamaha, Bose w/ 20+ yr relationships. Value-accretive M&A at 0.4-0.6x revenue vs 2x own valuation. Current margins compressed to 10% vs historic 15%+. Entry target €11-13 (-20-30%) for 20% CAGR potential.
Read full article (13 min)