Brederode stock: fair value
BREB.BRThe fair value of Brederode under our model is $176.25, the price is 37% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $125.90 and expensive above $293.76 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $28.32 (cash-flow model) and $324.19 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 7.5%. At 8.5% the fair value would be $173.89, at 6.5% it would be $179.80.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.5%. Discounted at 7.5% (floor: government bond yield 2.5% plus 5 percentage points, since beta 0.8 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $28.32 per share: free cash flow for the next ten years, each year discounted to today at 7.5%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 7.5%) |
|---|---|---|---|---|
| 2026 | $40.97M | extrapolated at 3.2% | 0.9304 | $38.12M |
| 2027 | $42.18M | extrapolated at 2.9% | 0.8657 | $36.51M |
| 2028 | $43.37M | extrapolated at 2.8% | 0.8054 | $34.93M |
| 2029 | $44.54M | extrapolated at 2.7% | 0.7494 | $33.38M |
| 2030 | $45.72M | extrapolated at 2.6% | 0.6972 | $31.88M |
| 2031 | $46.9M | extrapolated at 2.6% | 0.6487 | $30.43M |
| 2032 | $48.11M | extrapolated at 2.6% | 0.6035 | $29.03M |
| 2033 | $49.33M | extrapolated at 2.5% | 0.5615 | $27.7M |
| 2034 | $50.57M | extrapolated at 2.5% | 0.5225 | $26.42M |
| 2035 | $51.84M | extrapolated at 2.5% | 0.4861 | $25.2M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $313.59M |
| Terminal value: cash flow 2035 × (1 + 2.5%) / (7.5% − 2.5%) | $1.06B |
| Present value of terminal value (× 0.4861) | $516.44M |
| Equity value (sum plus present value of terminal value) | $830.03M |
| Shares (diluted) | 29.31M |
| Value per share (equity value divided by shares) | $28.32 |
| Earnings per share, last twelve months | $23.21 |
| × 14 (industry P/E) | $324.19 |
| Fair value (average of both parts) | $176.25 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 2 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.