Added to YB: 2026-06-24
Pitch date: 2026-05-14
DIE.BR [bullish]
D'Ieteren Group SA
-2.21%
current return
Author Info
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Company Info
D'Ieteren Group SA operates as an investment company in Belgium, France, rest of Europe, and internationally.
Market Cap
EUR 8.7B
Pitch Price
EUR 171.80
Price Target
381.40 (+127%)
Dividend
1.21%
EV/EBITDA
10.81
P/E
20.98
EV/Sales
1.32
Sector
Distributors
Category
value
D'Ieteren (DIE BB): The Belgian Holdco Hiding a World-Class Business at Half Price
DIE.BR: Belgian holdco at ~50% NAV discount (€172 vs €342 est NAV); 80% of NAV is Belron, world-class auto glass leader (Safelite, 23% EBIT margin, ADAS tailwind) likely IPO'ing ~€30bn by 2026. IPO + discount compression = 21% prob-weighted 2yr IRR; bull +132%, bear -10%. Family-controlled, history of special divs. Risks: no IPO, poor capital allocation (Moleskine flop).
Read full article (16 min)