Added to YB: 2025-09-17
Pitch date: 2025-09-15
BC.MI [neutral]
Brunello Cucinelli S.p.A.
-3.85%
current return
Author Info
Saadiyat Capital has been an investment analyst for various hedge funds in the UK, USA, and Germany (currently in London). Sign up for the newsletter.
Company Info
Brunello Cucinelli S.p.A., together with its subsidiaries, engages in the production and sale of clothing, accessories, and lifestyle products in Italy, Europe, the United States, and Asia.
Market Cap
EUR 6.3B
Pitch Price
EUR 103.25
Price Target
N/A
Dividend
1.01%
EV/EBITDA
18.75
P/E
48.10
EV/Sales
5.47
Sector
Textiles, Apparel and Luxury Goods
Category
N/A
Brunello Cucinelli H1-2025 Report
BC.MI (earnings update): Italian luxury outperformed H1 2025 w/ +10% revenue growth vs peers' declines (LVMH -4%, Kering -15%). But 50x P/E vs 20x peers, heavy 36% wholesale reliance vs competitors' direct retail focus, 16.6% EBIT margin trails Hermès' 41%. Volume-dependent growth model vulnerable in luxury slowdown. Mgmt overly optimistic, guidance maintains 10% growth through 2026.
Read full article (18 min)