Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
B&C Speakers S.p.A. is an Italy-based manufacturer specializing in the design, production, and marketing of professional loudspeakers and acoustic transducers. Founded in 1945 in Florence as BBC Elettroacustica Professionale, the company rebranded to B&C Speakers S.p.A. in 1993 and has since grown into one of the world's leading producers of high-end pro-audio components. Its product lineup includes high-frequency drivers, low-frequency drivers, tweeters, coaxial components, horns, triaxials, and crossovers, all crafted under the B&C brand. Headquartered in Bagno a Ripoli near Florence, B&C Speakers operates a state-of-the-art 10,500m² production facility capable of manufacturing over 800 high-frequency and 1,400 low-frequency drivers daily, with about 10% of its 347 employees dedicated to research and development. The company supplies OEM components to top professional audio brands and distributes catalogue products through a network in over 70 countries, generating primary revenue from Europe (excluding Italy), Asia-Pacific, North America, and other regions. Focused exclusively on components for sound reinforcement, live music, public address, and high-end audio markets, B&C Speakers maintains a strategic independence from end-user speaker systems, emphasizing quality control and innovation in the consumer electronics sector. Listed publicly since 2007, it plays a key role in the global professional audio supply chain.
16.41% operating margin is respectable but not wide. ROIC at 15.18%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 1.3% YoY. Margins deteriorated 2.6pp alongside, both lines moving the wrong way.
ROIC dropped from 25.09% to 15.18%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€98M
▼ -1.3% YoY
Net Income (TTM)
€10M
▼ -43.1% YoY
Op. Margin
15.50%
▼ -2.6pp YoY
ROIC
15.18%
▼ -9.9pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€11M
▲ +3.4% YoY
Op. Cash Flow (FY)
€11M
▼ -16.3% YoY
Net Debt
€217K
Cash & Equiv.
€22M
3Y CAGR: +6.3%
3Y CAGR: +129.0%
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