{"contract": "sm-investment-case-1", "found": true, "available": true, "as_of": "2026-09-18", "checked_on": "2026-09-23", "listing": {"uuid": "d6c64f26-4af3-4fd1-a068-f33e000c3fff", "symbol": "BRC", "name": "Brady Corporation", "exchange": "NYSE", "country": "US", "sector": "Industrials", "industry": "Security & Protection Services"}, "business_type": "Operating company", "price": {"value": 84.1, "currency": "USD", "as_of": "2026-09-18", "basis": "Completed weekly quoted close; before dividends"}, "assessment": {"available": true, "rating": "Hold", "target_price": 84.73, "target_date": "2027-09-16", "price_change_to_target_pct": 0.75, "currency": "USD", "reviewed_on": "2026-09-21", "explanation": "Neither a positive nor a negative classification meets the stated requirements. Review price and return, downside balance.", "assumptions": [{"name": "Starting annual sales growth", "value": 8.84, "unit": "percent"}, {"name": "Long-term operating margin", "value": 15.86, "unit": "percent"}]}, "review": {"status": "Published assessment", "last_checked": "2026-09-22T21:14:22.814853+00:00", "next_scheduled": "2026-12-20", "published_at": "2026-09-21T21:13:26.096992+00:00", "environment": "live", "publication_url": "https://sharemaestro.com/investment-case/record/4150/"}, "business_view": {"headline": "Lower valuation, stronger profitability.", "summary": "Quarterly sales are growing, but capital spending changes the cash picture.", "case_for": [{"headline": "Quarterly sales are growing", "explanation": "Revenue changed +10.0% from the same quarter last year, through 2026-07-31. The previous quarter\u2019s year-on-year change was +13.8%.", "evidence_url": "https://sharemaestro.com/investment-case/ticker/d6c64f26-4af3-4fd1-a068-f33e000c3fff/#ic-quarter-sales"}, {"headline": "Borrowing is lower relative to earnings", "explanation": "Net debt / EBITDA: -0.3\u00d7 for BRC, against 2.1\u00d7 across 12 comparable peers.", "evidence_url": "https://sharemaestro.com/investment-case/ticker/d6c64f26-4af3-4fd1-a068-f33e000c3fff/#ic-peer-measures"}], "case_against": [{"headline": "Capital spending changes the cash picture", "explanation": "Operating cash covers 1.19 times profit, but cash after capital spending covers 0.94 times. Cash generation is stronger before the investment bill is paid.", "evidence_url": "https://sharemaestro.com/investment-case/ticker/d6c64f26-4af3-4fd1-a068-f33e000c3fff/#ic-cash-quality"}, {"headline": "The starting valuation is below the price", "explanation": "The central assumptions give $66.70 per share, -20.7% against the weekly close. This is a scenario to test, not an analyst price target.", "evidence_url": "https://sharemaestro.com/investment-case/ticker/d6c64f26-4af3-4fd1-a068-f33e000c3fff/#ic-valuation-grid"}]}, "watch_points": [], "financial_period": "2026-07-31", "next_results": null, "data_notes": ["Financial totals have been checked against their reporting periods. Only matching twelve-month figures are used; unsupported measures remain blank."], "canonical_url": "https://sharemaestro.com/investment-case/ticker/d6c64f26-4af3-4fd1-a068-f33e000c3fff/", "pdf_url": "https://sharemaestro.com/investment-case/ticker/d6c64f26-4af3-4fd1-a068-f33e000c3fff/download.pdf", "limitations": ["The published assessment stays fixed between governed reviews. Scenarios edited in the browser do not change it.", "Each financial period and price date is separate. Company coverage varies.", "Targets exclude dividends, fees and tax. A missing target is unavailable, not zero.", "Preview assessments are identified and do not establish a live performance record."], "disclaimer": "Automated model research, not personal investment advice. Targets depend on assumptions; returns are not guaranteed.", "revision": "0757666618aea5cb2bc5701ba523cb26b077aab83de3fd750e3f0b6a9d4f1b51"}