The fourth quarter of 2018 was very, very bad for brake stocks. The biggest loser was Veoneer, an automated-driving start-up. The company’s stock lost more than half its value, shaving more than $2 billion of the company’s market cap.
Many companies lost between 20% and 40% of their value. Of the 25 stocks on our list, only Fras-Le and Rane (Madras) from India gained value.
Make sure to bookmark our brake industry stocks page.
| Company | 9-28-18 Closing | 1-2-2019 Closing | Change | Appx. Current Market Cap (U.S. Dollars) |
|---|---|---|---|---|
| NYSE/NASDAQ | ||||
| EnPro | $72.93 | $61.62 | -15.5% | 1.3B |
| ITT | $61.26 | $48.77 | -20.4% | 4.3B |
| Meritor | $19.36 | $17.21 | -11.1% | 1.5B |
| MPAA | $23.45 | $16.32 | -30.4% | 350M |
| SORL | $4.17 | $2.18 | -47.7% | 50M |
| Tenneco | $42.14 | $27.36 | -35.1% | 2.3B |
| WABCO | $117.94 | $107.64 | -8.7% | 5.6B |
| WabTech | $104.88 | $70.86 | -32.4% | 6.9B |
| Veoneer | $55.07 | $24.30 | -55.9% | 2.2B |
| Tokyo Stock Exchange | ||||
| Aisen Seiki | ¥5530 | ¥3820 | -30.9% | 9.4B |
| Akebono | ¥256 | ¥183 | -28.5% | 230M |
| Hitachi | ¥3860 | ¥2935.50 | -24.0% | 24.7B |
| Nisshinbo | ¥1353 | ¥831 | -38.6% | 132B |
| Nissin | ¥1913 | ¥1398 | -26.9% | 800M |
| NASDAQ Stockholm | ||||
| Haldex | 87.20 kr | 67.20 kr | -22.9% | 320M |
| SBS | 20.40 kr | 19.40 kr | -4.9% | 9M |
| Trelleborg | 181.25 kr | 137.10 kr | -24.4% | 4B |
| Bombay Stock Exchange | ||||
| Rane (Madras) | ₹487.55 | ₹498 | 2.1% | 75M |
| Sundaram Brake Linings | ₹400 | ₹379 | -5.3% | 13M |
| Frankfurt Stock Exchange | ||||
| Continental | €149.50 | €121.65 | -18.6% | 28.8B |
| Knorr-Bremse | 81.84* | 79.16 | -3.3% | 15.2B |
| Korea Stock Exchange | ||||
| Mando | ₩34,500 | ₩28,850 | -16.4% | 1.2B |
| Sangsin | ₩5,450 | ₩4,050 | -25.7% | 80M |
| Italian Stock Exchange | ||||
| Brembo | €11.28 | €9.28 | -17.7% | 3.5B |
| Sao Paulo Stock Exchange | ||||
| Fras-Le | R$4.01 | R$4.81 | 20.0% | 260M |
*Knorr-Bremse became publicly traded Oct. 12, 2018.Make sure to bookmark our brake industry stocks page.
The table below has data for Q3 2018
| Company | 7-2-18 Opening | 9-28 Closing | Change | Appx. Current Market Cap (U.S. Dollars) |
|---|---|---|---|---|
| EnPro | $69.23 | $72.93 | 5.3% | 1.49B |
| ITT | $51.49 | $61.26 | 18.9% | 5.28B |
| Meritor | $20.35 | $19.36 | -4.9% | 1.66B |
| SORL | $4.70 | $4.17 | -11.3% | 79M |
| Tenneco | $42.90 | $42.14 | -1.8% | 2.16B |
| WABCO | $115.40 | $117.94 | 2.2% | 6.19B |
| WabTech | $98.02 | $104.88 | 7.0% | 10.02B |
| Veoneer | $43.38 | $55.07 | 26.9% | 4.84B |
| Aisen Seiki | ¥5020 | ¥5530 | 10.2% | 13.6B |
| Akebono | ¥268 | ¥256 | -4.5% | 301M |
| Hitachi | ¥3902 | ¥3860 | -1.1% | 32.49B |
| Nisshinbo | ¥1191 | ¥1353 | 13.6% | 2.15B |
| Nissin | ¥1955 | ¥1913 | -2.1% | 1.09B |
| Haldex | 88.90 kr | 87.20 kr | -1.9% | 416M |
| Trelleborg | 189.70 kr | 181.25 kr | -4.5% | 5.28B |
| Rane (Madras) | ₹675 | ₹487.55 | -27.8% | 75M |
| Sundaram Brake Linings | ₹446.30 | ₹400 | -10.3% | 14M |
| Continental | €195 | €149.50 | -23.3% | 35.16B |
| Mando | ₩38,400 | ₩34,500 | -10.2% | 1.41B |
| Sangsin | ₩6540 | ₩5450 | -16.7% | 109M |
| Brembo | €11.49 | €11.28 | -1.8% | 4.34B |
| Fras-Le | R$4.70 | R$4.01 | -14.7% | 220M |
Disclaimer: The Brake Report strives for accuracy, but do not make any investment decisions based on this information.
Contact Ben Nussbaum, [email protected], with any comments or feedback.
