1. Romania Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
Bermas S.A.

Bermas S.A.

BBVB:BRM
1.83
RON
+0.04
(+2.23%)
0.03EPS
66.91P/E
50.00MMarket Cap
Bermas S.A.
BVB:BRM
(Bucharest Stock Exchange)

Recent

price

1.83

P/E

ratio

66.91

div

yld

3.34%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
RON
1.12
1.07
1.11
1.14
1.09
1.12
1.16
1.3
1.4
1.52
1.34
1.33
1.4
1.58
1.85
1.84
1.8
Revenue per Share
0.09
0.09
0.07
0.06
0.04
0.07
0.07
0.08
0.08
0.09
0.08
0.08
0.07
0.05
0.08
0.06
0.03
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.08
0.06
0.05
0.05
0.05
0.03
0.05
0.06
0.06
0.06
0.07
0.06
0.07
0.06
0.06
0.06
0.06
Dividend per Share
1.03
1.09
1.02
1.02
1.05
1.08
1.09
1.11
1.08
1.17
1.1
1.11
1.09
1.1
1.11
1.1
0.99
Book Value per Share
1.03
1.09
1.02
1.02
1.05
1.08
1.09
1.11
1.08
1.17
1.1
1.11
1.09
1.1
1.1
1.1
0.99
Tangible Book Value per Share
22
22
22
22
22
22
22
22
22
22
22
22
22
22
22
22
22
Basic Weighted Avg Shares
24
23
24
25
23
24
25
28
30
33
29
29
30
34
40
40
39
Sales/Revenue/Turnover
11.24
11.24
9.59
11.51
10.28
13.11
11.41
11.66
10.12
10.9
4.93
10.72
9.91
10.16
8.85
8.33
7.15
Operating Margin (%)
- -
1
1
2
2
1
1
2
2
2
2
2
2
2
2
2
2
Depreciation Expense
2
2
2
1
1
2
2
2
2
2
2
2
1
1
2
1
1
Net Income, GAAP
15.33
14.96
13.57
14.27
15.89
14.75
18.2
19.78
14.5
14.58
2.73
14.54
13.94
13.3
11.62
13.97
23.32
Effective Tax Rate (%)
8.06
8.51
6.61
5.18
3.98
6.42
6.12
6.29
5.42
5.98
5.74
5.81
4.87
3.38
4.08
3.52
1.93
Profit Margin (%)
6
7
7
7
8
9
10
11
11
10
11
11
11
12
13
14
12
Working Capital
- -
- -
- -
2
1
- -
- -
- -
- -
1
2
1
- -
- -
- -
- -
- -
LT Debt
22
23
22
22
23
23
24
24
23
24
24
24
24
24
24
24
21
Total Equity
8.87
8.5
7.03
5.95
6.33
8.78
8.83
10.36
10.19
10.79
9.53
9.45
8.33
7.01
9
8.85
7.15
Return on Invested Capital (%)
8.4
8.12
6.63
5.59
4.07
6.1
6.02
7.11
6.59
7.27
6.08
6.38
5.7
7.02
5.77
5.59
4.08
Return on Capital (%)
9.03
8.62
6.95
5.79
4.18
6.79
6.53
7.41
6.95
8.33
7
6.99
6.18
4.87
6.86
5.88
3.43
Return on Common Equity (%)

Capital Structure

RON

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8
10
8
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
56
49
50

Working Capital

RON

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
27
27
29
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
2
3
5
Inventories
24
23
23
Total Current Liabilities
13
15
17
Payables & Accruals
- -
- -
- -
ST Debt
8
10
8
Deferred Revenue
- -
- -
- -

Growth Rates

RON

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.2%
-0.02%
-0.45%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
0.5%
-1.18%
-14.25%
Sales/Revenue/Turnover
5.37%
6.74%
-0.67%
Total Cash Common Dividend
7%
-2.48%
3.92%

Quarterly Revenue

RON

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5
13
16
6
40
2025
6
13
16
5
40
2026
5
13
- -
- -
- -

Quarterly Earnings Per Share

RON

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
0.1
0.13
-0.05
0.08
2025
-0.11
0.1
0.12
-0.05
0.06
2026
-0.12
0.08
- -
- -
- -

Quarterly Dividends Per Share

RON

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.06
- -
0.06
2025
- -
- -
0.06
- -
0.06
2026
- -
- -
- -
- -
- -
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Business
Bermas S.A. is a Romania-based brewing and agro-industrial company primarily engaged in the production, bottling, and commercialization of beer, malt, and brewing by-products. The company manufactures a diversified portfolio of alcoholic beverages and intermediate brewing ingredients, categorized into: packaged and draft beers, including pale lager, classic blonde, and regional specialty beers marketed under proprietary brand names such as Suceava Clasic, Bermas, Călimani, Plai, and Solca; brewing malt, comprising high-grade barley malt produced in-house for proprietary brewing operations and commercial supply to third-party beverage producers; and industrial by-products, encompassing brewer's spent grains used for agricultural animal feed, residual brewer's yeast, and captured carbon dioxide. Bermas S.A. operates through fully integrated manufacturing infrastructure in Suceava that integrates grain storage, malting plants, brewing and fermentation cellars, automated filtration systems, and returnable glass bottling and KEG packaging lines. The company distributes its product lines across retail grocery networks, regional wholesalers, and hospitality (HoReCa) channels, primarily serving northeastern Romania and adjacent domestic regions. Founded in 1974 and headquartered in Suceava, Romania, Bermas S.A. has recently executed strategic operational modernization initiatives, including capital investments in rooftop photovoltaic solar energy installations to increase energy self-sufficiency and lower carbon intensity, technological enhancements to its bottling and refrigeration systems to optimize production efficiencies, and ongoing capacity upgrades across its proprietary malting facilities to mitigate raw material supply chain volatility and protect operating margins.