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Italian maker of electrical connectors, cable lugs and installation tools used in electrical wiring and cabling.
Italian maker of electrical connectors, cable lugs and installation tools used in electrical wiring and cabling.
Sells connectors and tools through electrical wholesalers and directly to utilities, railways and industrial users, with a large share of sales outside Italy via subsidiaries in Europe and beyond. Its products cost little relative to the projects they are used in but must meet strict standards, which supports reorders.
In one line: An Italian niche electrical-component maker like a smaller Panduit/Thomas & Betts.
Moat: narrow (brand, process know-how, distribution). Established quality brand and broad distributor network in a niche electrical-component category, but faces competition from larger electrical suppliers.
Headquarters: Brescia, Italy · Founded: 1972 · Employees: 962
Size Cembre (CMB.MI) is an Italy Information Technology company (Electronic Components) with a market value of $1.37B, the 72nd largest of 123 Italy companies the cockpit tracks. Shares closed at €73.20 on 6 Nov 2026.
Performance Over six months the shares fell 24.4%, against -19.9% for the median peer and +3.1% for the Italy market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 11.4% over the last twelve months (peer median +18.5%); the operating margin is 26.0% (peer median 8.0%).
Valuation It trades at 22.1× forward earnings against a peer median of 25.9× (4th cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.6 points above its cost of capital (9.3% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €261M | €244M | €230M | €223M | €199M |
| Revenue growth | — | +6% | +3% | +12% | — |
| Gross profit | €68.3M | €85.2M | €77.2M | €78.2M | €64.1M |
| EBITDA | €82.6M | €71.3M | €64.9M | €65.7M | €53.9M |
| Net income | €52.8M | €46.6M | €42.6M | €40.8M | €31.9M |
| Free cash flow | €31.0M | €33.1M | €19.0M | €31.7M | €15.6M |
| Capital expenditure | €24.0M | €24.3M | €29.5M | €14.6M | €12.3M |
| Total debt | €44.2M | €21.0M | €11.5M | €6.66M | €15.4M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Cembre CMB.MI | $1.37B | -24% | +11% | 26% | 22.1× | 12.8% |
| NVT NVT | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% |
| Legrand LR.PA | $38.0B | -16% | +10% | 21% | 22.0× | 15.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CMB.MI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.2% | -24.1% | 5th highest of 21 |
| 6-month return | -24.4% | -19.9% | 8th lowest of 21 |
| Distance from 52-week high | -29.2% | -49.2% | 3rd highest of 21 |
| Revenue growth (TTM) | +11.4% | +18.5% | 6th lowest of 21 |
| Operating margin | 26.0% | 8.0% | 3rd highest of 21 |
| Forward P/E | 22.1× | 25.9× | 4th cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 12.8% | 16.0% | 4th least demanding of 11 |
| Growth delivered (Del g) | +12.2% | +10.4% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | +0.6 pp | +2.7 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | +9.6 pp | -0.9 pp | 2nd highest of 19 |
| EV / EBITDA | 15.2× | 19.8× | 2nd cheapest of 5 |
| Net debt / EBITDA | 0.4× | 0.3× | 3rd least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Cembre CMB.MI | Italy | $1.37B | -24% | +11% | 26% | 22.1× | 12.8% | +12.2% |
| NCAB NCAB.ST | Sweden | $1.37B | 0% | +25% | 11% | 30.1× | 19.2% | +12.1% |
| Jiangxi Welgao Electronics 301251.SZ | China | $1.39B | +9% | +62% | 9% | n/a | n/a | n/a |
| Hunan Aihua 603989.SS | China | $1.33B | +12% | +17% | 8% | n/a | 16.9% | +9.6% |
| Guangdong Goworld 000823.SZ | China | $1.45B | +9% | +13% | 8% | n/a | 8.8% | +4.2% |
| Huizhou CEE Technology 002579.SZ | China | $1.29B | 0% | -2% | -2% | n/a | n/a | n/a |
| Beijing Yuanliu Hongyuan Electronic Technology 603267.SS | China | $1.28B | -30% | -2% | 8% | 25.5× | 24.4% | +1.1% |
| Guangdong Ellington Electronics Technology 603328.SS | China | $1.49B | -13% | +14% | 10% | n/a | 8.9% | +9.3% |
| YD Electronic Technology 301123.SZ | China | $1.50B | -37% | +44% | -3% | 33.9× | n/a | n/a |
| Wenzhou Yihua Connector 002897.SZ | China | $1.24B | -26% | -7% | 6% | 16.9× | 15.2% | +14.4% |
| Shenzhen Jufei Optoelectronics 300303.SZ | China | $1.23B | -35% | +2% | 5% | n/a | 18.0% | +8.1% |
| Ennoconn 6414.TW | Taiwan | $1.54B | -6% | +8% | 6% | 11.7× | -6.8% | +11.1% |
| Dongguan YuTong Optical Technology 300790.SZ | China | $1.23B | -24% | +21% | 8% | 18.2× | n/a | n/a |
| Sunshine Global Circuits 300739.SZ | China | $1.22B | -19% | +36% | 7% | n/a | n/a | n/a |
| Shenzhen Colibri Technologies 002957.SZ | China | $1.57B | -43% | +31% | 9% | 28.6× | n/a | n/a |
| Bellwether Electronic 7861.TWO | Taiwan | $1.20B | -31% | +113% | 30% | n/a | 17.8% | +53.7% |
| ATOSS Software AOF.DE | Germany | $1.59B | +26% | +12% | 37% | 26.2× | 14.0% | +17.1% |
| Bomin Electronics 603936.SS | China | $1.18B | -21% | +19% | 1% | n/a | n/a | n/a |
| Sihui Fuji Electronics Technology 300852.SZ | China | $1.18B | +8% | +48% | 13% | n/a | n/a | n/a |
| Guangdong Cellwise Microelectronics 688325.SS | China | $1.18B | -24% | +18% | 7% | n/a | n/a | n/a |
| Shanghai Xizhi Technology 1879.HK | Hong Kong | $1.66B | -84% | +77% | -648% | n/a | n/a | n/a |