Market Closed -
Sao Paulo
21:10:00 14/06/2024 BST
|
5-day change
|
1st Jan Change
|
56.22
BRL
|
+13.74%
|
|
+13.37%
|
-2.06%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
149,837
|
229,857
|
312,796
|
159,977
|
278,858
|
235,339
|
-
|
-
|
Enterprise Value (EV)
1 |
146,649
|
227,982
|
311,121
|
158,010
|
274,650
|
231,707
|
226,231
|
222,010
|
P/E ratio
|
51.6
x
|
44.2
x
|
65.6
x
|
34.1
x
|
51.8
x
|
43.8
x
|
32.6
x
|
27.6
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
13.4
x
|
17.9
x
|
19.8
x
|
9.09
x
|
14.4
x
|
11
x
|
9.83
x
|
8.79
x
|
EV / Revenue
|
13.1
x
|
17.7
x
|
19.7
x
|
8.97
x
|
14.2
x
|
10.8
x
|
9.45
x
|
8.29
x
|
EV / EBITDA
|
28.8
x
|
36.3
x
|
38.7
x
|
18
x
|
28.1
x
|
21.5
x
|
19
x
|
16.8
x
|
EV / FCF
|
36.4
x
|
43
x
|
45.1
x
|
21.4
x
|
39.6
x
|
29.6
x
|
23.6
x
|
20.7
x
|
FCF Yield
|
2.75%
|
2.33%
|
2.22%
|
4.68%
|
2.53%
|
3.38%
|
4.24%
|
4.84%
|
Price to Book
|
14.4
x
|
17.5
x
|
21.4
x
|
11.4
x
|
17
x
|
15.8
x
|
13.3
x
|
10.5
x
|
Nbr of stocks (in thousands)
|
484,079
|
479,719
|
475,800
|
464,900
|
455,300
|
448,000
|
-
|
-
|
Reference price
2 |
309.5
|
479.2
|
657.4
|
344.1
|
612.5
|
525.3
|
525.3
|
525.3
|
Announcement Date
|
12/12/19
|
10/12/20
|
16/12/21
|
15/12/22
|
13/12/23
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,171
|
12,868
|
15,785
|
17,606
|
19,409
|
21,465
|
23,944
|
26,767
|
EBITDA
1 |
5,086
|
6,278
|
8,047
|
8,801
|
9,790
|
10,758
|
11,917
|
13,193
|
EBIT
1 |
4,461
|
5,521
|
7,259
|
7,945
|
8,918
|
9,891
|
11,052
|
12,470
|
Operating Margin
|
39.94%
|
42.9%
|
45.99%
|
45.13%
|
45.95%
|
46.08%
|
46.16%
|
46.59%
|
Earnings before Tax (EBT)
1 |
3,205
|
4,176
|
5,705
|
6,008
|
6,799
|
6,878
|
8,849
|
10,202
|
Net income
1 |
2,951
|
5,260
|
4,822
|
4,756
|
5,428
|
5,388
|
7,148
|
8,256
|
Net margin
|
26.42%
|
40.88%
|
30.55%
|
27.01%
|
27.97%
|
25.1%
|
29.85%
|
30.84%
|
EPS
2 |
6.000
|
10.83
|
10.02
|
10.10
|
11.82
|
11.99
|
16.11
|
19.04
|
Free Cash Flow
1 |
4,027
|
5,308
|
6,893
|
7,396
|
6,942
|
7,824
|
9,600
|
10,739
|
FCF margin
|
36.05%
|
41.25%
|
43.67%
|
42.01%
|
35.77%
|
36.45%
|
40.09%
|
40.12%
|
FCF Conversion (EBITDA)
|
79.18%
|
84.55%
|
85.66%
|
84.04%
|
70.91%
|
72.73%
|
80.56%
|
81.4%
|
FCF Conversion (Net income)
|
136.45%
|
100.91%
|
142.95%
|
155.51%
|
127.89%
|
145.2%
|
134.31%
|
130.08%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
12/12/19
|
10/12/20
|
16/12/21
|
15/12/22
|
13/12/23
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
4,110
|
4,262
|
4,386
|
4,433
|
4,525
|
4,655
|
4,816
|
4,890
|
5,048
|
5,182
|
5,309
|
5,372
|
5,604
|
5,751
|
5,909
|
EBITDA
1 |
2,062
|
2,206
|
2,186
|
2,171
|
2,238
|
2,343
|
2,400
|
2,482
|
2,565
|
2,679
|
2,655
|
2,685
|
2,738
|
2,893
|
2,942
|
EBIT
1 |
1,857
|
1,993
|
1,974
|
1,955
|
2,023
|
2,131
|
2,180
|
2,264
|
2,343
|
2,467
|
2,441
|
2,460
|
2,523
|
2,667
|
2,722
|
Operating Margin
|
45.18%
|
46.76%
|
45.01%
|
44.1%
|
44.71%
|
45.78%
|
45.27%
|
46.3%
|
46.41%
|
47.61%
|
45.98%
|
45.79%
|
45.01%
|
46.37%
|
46.07%
|
Earnings before Tax (EBT)
1 |
1,468
|
1,543
|
1,492
|
1,456
|
1,517
|
1,598
|
1,650
|
1,743
|
1,808
|
968
|
1,930
|
1,943
|
2,013
|
2,122
|
2,161
|
Net income
1 |
1,233
|
1,266
|
1,178
|
1,136
|
1,176
|
1,247
|
1,295
|
1,403
|
1,483
|
620
|
1,573
|
1,570
|
1,624
|
1,716
|
1,751
|
Net margin
|
30%
|
29.7%
|
26.86%
|
25.63%
|
25.99%
|
26.79%
|
26.89%
|
28.69%
|
29.38%
|
11.96%
|
29.63%
|
29.22%
|
28.98%
|
29.84%
|
29.63%
|
EPS
2 |
2.570
|
2.660
|
2.490
|
2.420
|
2.530
|
2.710
|
2.820
|
3.050
|
3.230
|
1.360
|
3.490
|
3.505
|
3.647
|
3.876
|
3.948
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
16/12/21
|
22/03/22
|
16/06/22
|
15/09/22
|
15/12/22
|
15/03/23
|
15/06/23
|
14/09/23
|
13/12/23
|
14/03/24
|
13/06/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
3,188
|
1,875
|
1,675
|
1,967
|
4,208
|
3,632
|
9,108
|
13,329
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
4,027
|
5,308
|
6,893
|
7,396
|
6,942
|
7,824
|
9,600
|
10,739
|
ROE (net income / shareholders' equity)
|
38.9%
|
41.2%
|
42.8%
|
44.8%
|
35.5%
|
50.9%
|
56.3%
|
52.4%
|
ROA (Net income/ Total Assets)
|
19.6%
|
21.8%
|
23.3%
|
17.4%
|
19.1%
|
21%
|
23.3%
|
21.8%
|
Assets
1 |
15,081
|
24,163
|
20,694
|
27,293
|
28,472
|
25,616
|
30,625
|
37,809
|
Book Value Per Share
2 |
21.40
|
27.40
|
30.80
|
30.20
|
36.00
|
33.30
|
39.60
|
50.10
|
Cash Flow per Share
2 |
9.000
|
11.80
|
15.00
|
16.60
|
15.90
|
17.80
|
22.40
|
25.60
|
Capex
1 |
394
|
419
|
330
|
442
|
360
|
265
|
355
|
367
|
Capex / Sales
|
3.53%
|
3.26%
|
2.09%
|
2.51%
|
1.85%
|
1.23%
|
1.48%
|
1.37%
|
Announcement Date
|
12/12/19
|
10/12/20
|
16/12/21
|
15/12/22
|
13/12/23
|
-
|
-
|
-
|
Last Close Price
525.3
USD Average target price
607.9
USD Spread / Average Target +15.73% Consensus |
1st Jan change
|
Capi.
|
---|
| +0.79% | 58.82B | | -24.12% | 55.57B | | -7.23% | 48.68B | | -2.92% | 39.42B | | -0.61% | 36.13B | | -10.94% | 28.21B | | +94.53% | 25.51B | | -0.83% | 20.78B | | +6.82% | 14.23B |
Application Software
|