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1. Company Snapshot

1.a. Company Description

Brunel International N.V. provides secondment, project management, recruitment, and consultancy services worldwide.It offers logistics services, such as food, accommodation, and transport; global mobility; and new location startup; and recruitment services, including career industry training, contracting and secondment; maintenance training; offshore and permanent recruitment; staff secondment; talent acquisition and campus recruitment; and technical training for staff and consultants.The company provides technical services comprising health, safety, environment; commissioning; project management support; work statement; and third-party inspection services.


It serves life sciences, renewable energy, oil and gas, infrastructure, future mobility, and mining industries.Brunel International N.V. was incorporated in 1975 and is headquartered in Amsterdam, the Netherlands.

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1.b. Last Insights on BRNL

Brunel International N.V.'s recent performance was negatively impacted by a decline in revenue and gross profit. The company's Q2 2025 revenue fell 12% year-over-year to EUR 303 million, with organic growth of 7% failing to offset the decline. Gross profit also decreased 20% to EUR 52 million, with organic growth of 14% not enough to mitigate the decline. Underlying EBIT plummeted 46% to EUR 6.3 million, highlighting the company's struggles to maintain profitability.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Brunel Q3 2025 results: Driving operational efficiency

Nov -07

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Declining Stock and Decent Financials: Is The Market Wrong About Brunel International N.V. (AMS:BRNL)?

Oct -15

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Owning 64% in Brunel International N.V. (AMS:BRNL) means that insiders are heavily invested in the company's future

Sep -11

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Brunel International's (AMS:BRNL) Conservative Accounting Might Explain Soft Earnings

Aug -09

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Brunel Q2 and H1 2025 results: Driving efficiency, building resilience

Aug -01

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Brunel’s AGM approved all voting items

May -15

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Brunel Q1 2025 results: Operating in challenging market conditions

May -09

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Brunel International (AMS:BRNL) Will Pay A Dividend Of €0.55

Apr -05

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.25%)

6. Segments

Conventional Energy

Expected Growth: 8%

Conventional Energy from Brunel International N.V. growth driven by increasing global energy demand, rising oil prices, and government support for fossil fuel projects. Additionally, Brunel's strategic partnerships, operational efficiency, and cost-effective solutions contribute to its 8% growth.

Renewables

Expected Growth: 12%

Brunel International N.V.'s 12% growth in Renewables is driven by increasing demand for clean energy, government incentives and tax credits, declining costs of renewable technologies, and rising concerns about climate change. Additionally, the company's strategic partnerships, expansion into emerging markets, and investments in digitalization and innovation are contributing to its rapid growth.

Mining

Expected Growth: 9%

Brunel International N.V.'s 9% growth in Mining is driven by increasing demand for metals and minerals, driven by electrification and infrastructure development. Rising commodity prices, improved operational efficiency, and strategic acquisitions also contribute to growth. Furthermore, the company's diversified portfolio and strong relationships with key clients have enabled it to capitalize on emerging market trends.

Industrials & Technology

Expected Growth: 11%

Brunel International N.V.'s Industrials segment growth of 11% is driven by increasing demand for specialized engineering services, expansion in renewable energy projects, and strategic acquisitions. The Technology segment growth is fueled by rising adoption of digital transformation services, growing demand for IT consulting, and investments in emerging technologies such as AI and cloud computing.

Future Mobility

Expected Growth: 13%

Future Mobility's 13% growth is driven by increasing adoption of electric vehicles, government incentives for sustainable transportation, and rising demand for emission-free logistics solutions. Additionally, advancements in autonomous driving technology and investments in smart infrastructure are fueling growth in this segment.

Public Sector

Expected Growth: 7%

Brunel International N.V.'s Public Sector growth of 7% is driven by increasing government spending on digital transformation, cloud adoption, and cybersecurity. Strong demand for IT consulting and project management services also contributes to growth. Additionally, the company's expertise in data analytics and artificial intelligence is in high demand, further fueling growth in this segment.

Other

Expected Growth: 6%

Brunel International N.V.'s 6% growth is driven by increasing demand for specialized staffing services, expansion into new markets, and strategic acquisitions. The company's focus on emerging technologies, such as AI and data analytics, also contributes to its growth. Additionally, a strong track record of delivering complex projects and a diverse client base across various industries support its growth momentum.

Financial Services

Expected Growth: 10%

Brunel International N.V.'s 10% growth in Financial Services is driven by increasing demand for specialized staffing solutions, expansion into new markets, and strategic partnerships. Additionally, the company's focus on digital transformation, cost savings initiatives, and strong client relationships have contributed to its growth momentum.

Life Sciences

Expected Growth: 9%

Brunel International N.V.'s Life Sciences segment growth of 9% is driven by increasing demand for personalized medicine, advancements in gene editing technologies, and rising investments in R&D. Additionally, the growing need for efficient clinical trials, regulatory compliance, and talent acquisition in the life sciences industry contribute to this growth.

7. Detailed Products

Project Management

Brunel International N.V. provides project management services to help clients plan, execute, and deliver projects efficiently.

IT Services

Brunel International N.V. offers a range of IT services, including software development, data analytics, and cybersecurity solutions.

Engineering Services

Brunel International N.V. provides engineering services, including design, construction, and maintenance support for various industries.

Consultancy Services

Brunel International N.V. offers consultancy services to help clients improve operational efficiency, reduce costs, and enhance performance.

Secondment Services

Brunel International N.V. provides secondment services, where experienced professionals are deployed to clients' sites to work on specific projects or assignments.

8. Brunel International N.V.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Brunel International N.V. operates in a niche market with limited substitutes, but the threat of substitutes is still present due to the increasing demand for renewable energy sources.

Bargaining Power Of Customers

Brunel International N.V. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's specialized services and expertise give it an upper hand in negotiations.

Bargaining Power Of Suppliers

Brunel International N.V. relies on a few key suppliers for its operations, which gives them some bargaining power. However, the company's strong relationships with suppliers and its ability to negotiate contracts mitigate this risk.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the industry, including the need for specialized expertise and equipment. Additionally, Brunel International N.V.'s established reputation and customer base make it difficult for new entrants to gain traction.

Intensity Of Rivalry

The industry in which Brunel International N.V. operates is highly competitive, with several established players competing for market share. The company's ability to differentiate itself through its specialized services and expertise is crucial in this competitive landscape.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 23.14%
Debt Cost 5.60%
Equity Weight 76.86%
Equity Cost 8.86%
WACC 8.10%
Leverage 30.11%

11. Quality Control: Brunel International N.V. passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Brunel International

A-Score: 6.1/10

Value: 6.8

Growth: 6.1

Quality: 5.2

Yield: 8.8

Momentum: 3.0

Volatility: 6.7

1-Year Total Return ->

Stock-Card
Grupa Pracuj

A-Score: 6.0/10

Value: 3.1

Growth: 5.4

Quality: 8.7

Yield: 6.9

Momentum: 8.0

Volatility: 3.7

1-Year Total Return ->

Stock-Card
CRIT

A-Score: 5.8/10

Value: 9.1

Growth: 4.4

Quality: 4.6

Yield: 6.9

Momentum: 2.5

Volatility: 7.3

1-Year Total Return ->

Stock-Card
Synergie

A-Score: 5.4/10

Value: 7.7

Growth: 3.7

Quality: 4.7

Yield: 3.1

Momentum: 6.0

Volatility: 7.0

1-Year Total Return ->

Stock-Card
Amadeus FiRe

A-Score: 5.0/10

Value: 6.0

Growth: 5.3

Quality: 6.0

Yield: 8.1

Momentum: 0.5

Volatility: 4.0

1-Year Total Return ->

Stock-Card
Hays

A-Score: 3.8/10

Value: 6.7

Growth: 1.9

Quality: 2.8

Yield: 6.2

Momentum: 1.0

Volatility: 4.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

7.81$

Current Price

7.81$

Potential

-0.00%

Expected Cash-Flows