Added to YB: 2026-08-17
Pitch date: 2026-08-13
BEZ.DE [neutral]
Berentzen-Gruppe Aktiengesellschaft
+0.31%
current return
Author Info
Dismissed & Asset Backed has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Sign up for the newsletter.
Company Info
Berentzen-Gruppe Aktiengesellschaft produces and distributes spirits and non-alcoholic beverages in Germany, rest of Europe Union, rest of Europe, and internationally.
Market Cap
EUR 30.8M
Pitch Price
EUR 3.18
Price Target
8.00
Dividend
N/A
EV/EBITDA
2.42
P/E
105.68
EV/Sales
0.19
Sector
Beverages
Category
turnaround
Berentzen Gruppe (BEZ) – A Profitable 268-Year-Old Beverage Group at 0.80x Tangible Book
BEZ.DE (overview): 268-yr-old German beverage group at 0.79x P/TB (10yr median 1.54x), 3.4x EV/EBITDA. Rev -10.4% FY25, EBIT -19.9%, guidance cut twice more in 2026 on weak German demand + loss of exclusive bourbon private-label supply. 16% 10yr ROCE, dividends since 2010. Normalization/M&A upside +30-35% p.a.; analyst PT €8 (+147%). Wide-open shareholder base invites activism. Author owns none.
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