Brake Stocks Tank in Q4


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.

Company9-28-18 Closing1-2-2019 ClosingChangeAppx. 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 kr67.20 kr-22.9%320M
SBS 20.40 kr19.40 kr-4.9%9M
Trelleborg181.25 kr137.10 kr-24.4%4B
Bombay Stock Exchange
Rane (Madras) ₹487.55 ₹4982.1%75M
Sundaram Brake Linings ₹400 ₹379-5.3%13M
Frankfurt Stock Exchange
Continental€149.50€121.65-18.6%28.8B
Knorr-Bremse81.84*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-LeR$4.01R$4.8120.0%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

Company7-2-18 Opening9-28 ClosingChange Appx. Current Market Cap
(U.S. Dollars)
EnPro$69.23$72.935.3%1.49B
ITT$51.49$61.2618.9%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$117.942.2%6.19B
WabTech$98.02$104.887.0%10.02B
Veoneer$43.38$55.0726.9%4.84B
Aisen Seiki
¥5020¥553010.2%13.6B
Akebono¥268¥256-4.5%301M
Hitachi¥3902¥3860-1.1%32.49B
Nisshinbo¥1191¥135313.6%2.15B
Nissin¥1955¥1913-2.1%1.09B
Haldex
88.90 kr87.20 kr-1.9%416M
Trelleborg189.70 kr181.25 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-LeR$4.70R$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.

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The Brake Report

The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.