Market Closed -
Sao Paulo
21:06:00 03/05/2024 BST
|
5-day change
|
1st Jan Change
|
29.05
BRL
|
+1.18%
|
|
+4.80%
|
-4.12%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
8,088
|
7,938
|
7,062
|
8,275
|
9,603
|
9,207
|
-
|
-
|
Enterprise Value (EV)
1 |
12,742
|
14,833
|
15,178
|
17,223
|
9,603
|
18,227
|
18,448
|
18,961
|
P/E ratio
|
26.5
x
|
35.6
x
|
19.1
x
|
15.9
x
|
41
x
|
12
x
|
9.71
x
|
7.42
x
|
Yield
|
0.83%
|
1.03%
|
1.7%
|
1.7%
|
-
|
3.88%
|
4.63%
|
5.1%
|
Capitalization / Revenue
|
4.56
x
|
4.19
x
|
2.78
x
|
2.82
x
|
2.9
x
|
2.7
x
|
2.47
x
|
2.36
x
|
EV / Revenue
|
7.19
x
|
7.83
x
|
5.98
x
|
5.87
x
|
2.9
x
|
5.35
x
|
4.95
x
|
4.85
x
|
EV / EBITDA
|
10.2
x
|
10.2
x
|
7.21
x
|
6.99
x
|
3.82
x
|
6.19
x
|
5.83
x
|
5.79
x
|
EV / FCF
|
-53.4
x
|
-19.5
x
|
18.1
x
|
11.7
x
|
-
|
10.3
x
|
9.29
x
|
14.2
x
|
FCF Yield
|
-1.87%
|
-5.13%
|
5.54%
|
8.56%
|
-
|
9.67%
|
10.8%
|
7.06%
|
Price to Book
|
1.62
x
|
1.38
x
|
2.2
x
|
3.57
x
|
-
|
1.56
x
|
1.39
x
|
1.33
x
|
Nbr of stocks (in thousands)
|
316,949
|
316,949
|
316,949
|
316,949
|
316,949
|
316,949
|
-
|
-
|
Reference price
2 |
25.52
|
25.05
|
22.28
|
26.11
|
30.30
|
29.05
|
29.05
|
29.05
|
Announcement Date
|
11/03/20
|
22/03/21
|
24/02/22
|
02/03/23
|
05/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,772
|
1,895
|
2,538
|
2,932
|
3,311
|
3,407
|
3,724
|
3,910
|
EBITDA
1 |
1,246
|
1,451
|
2,105
|
2,464
|
2,512
|
2,944
|
3,166
|
3,276
|
EBIT
1 |
1,014
|
1,157
|
1,754
|
2,040
|
2,358
|
2,504
|
2,764
|
2,900
|
Operating Margin
|
57.2%
|
61.05%
|
69.11%
|
69.56%
|
71.2%
|
73.51%
|
74.23%
|
74.18%
|
Earnings before Tax (EBT)
1 |
758.8
|
697.1
|
841.3
|
1,078
|
1,480
|
1,673
|
1,932
|
2,053
|
Net income
1 |
305
|
222.4
|
369.4
|
522.9
|
694.1
|
764.7
|
905.7
|
938.2
|
Net margin
|
17.21%
|
11.73%
|
14.56%
|
17.84%
|
20.96%
|
22.45%
|
24.32%
|
24%
|
EPS
2 |
0.9615
|
0.7027
|
1.165
|
1.646
|
0.7389
|
2.414
|
2.992
|
3.917
|
Free Cash Flow
1 |
-238.5
|
-761.6
|
840.4
|
1,475
|
-
|
1,763
|
1,986
|
1,338
|
FCF margin
|
-13.46%
|
-40.18%
|
33.12%
|
50.31%
|
-
|
51.75%
|
53.34%
|
34.22%
|
FCF Conversion (EBITDA)
|
-
|
-
|
39.93%
|
59.87%
|
-
|
59.88%
|
62.73%
|
40.84%
|
FCF Conversion (Net income)
|
-
|
-
|
227.47%
|
282.09%
|
-
|
230.56%
|
219.27%
|
142.61%
|
Dividend per Share
2 |
0.2126
|
0.2589
|
0.3791
|
0.4438
|
-
|
1.126
|
1.344
|
1.483
|
Announcement Date
|
11/03/20
|
22/03/21
|
24/02/22
|
02/03/23
|
05/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
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
|
---|
Net sales
1 |
715.3
|
679.7
|
713.7
|
701.2
|
757.2
|
759.8
|
1,004
|
808.7
|
797.3
|
878.3
|
805
|
836.4
|
669.1
|
1,004
|
-
|
EBITDA
1 |
570.1
|
593.7
|
622.2
|
595.6
|
628.8
|
617.3
|
811.6
|
680.7
|
662.4
|
608.9
|
687.5
|
727.1
|
715.7
|
810.8
|
790
|
EBIT
1 |
466
|
499.2
|
520
|
487.4
|
522.8
|
509.8
|
776.8
|
573.3
|
553.4
|
567
|
561.5
|
676.5
|
654.3
|
786.8
|
-
|
Operating Margin
|
65.15%
|
73.45%
|
72.86%
|
69.51%
|
69.05%
|
67.09%
|
77.37%
|
70.89%
|
69.4%
|
64.56%
|
69.75%
|
80.89%
|
97.79%
|
78.39%
|
-
|
Earnings before Tax (EBT)
1 |
-
|
-
|
-
|
-
|
-
|
293.7
|
492.1
|
379.6
|
-
|
383.1
|
290.1
|
547
|
617
|
646
|
-
|
Net income
1 |
77.64
|
143.6
|
166.9
|
50.18
|
146.4
|
159.5
|
230.7
|
203.1
|
163.4
|
141.2
|
156.8
|
282
|
318
|
333
|
-
|
Net margin
|
10.85%
|
21.13%
|
23.38%
|
7.16%
|
19.33%
|
20.99%
|
22.98%
|
25.11%
|
20.49%
|
16.07%
|
19.47%
|
33.72%
|
47.52%
|
33.18%
|
-
|
EPS
2 |
0.2404
|
0.4530
|
0.5270
|
0.1572
|
0.4623
|
0.4993
|
0.2507
|
0.2395
|
0.5192
|
-
|
0.6975
|
0.7606
|
0.7543
|
0.9037
|
-
|
Dividend per Share
2 |
-
|
0.3791
|
-
|
-
|
-
|
0.4438
|
0.0385
|
-
|
0.0385
|
-
|
0.1250
|
0.1250
|
0.1250
|
0.8333
|
-
|
Announcement Date
|
10/11/21
|
24/02/22
|
10/05/22
|
09/08/22
|
09/11/22
|
02/03/23
|
11/05/23
|
09/08/23
|
09/11/23
|
05/03/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
4,654
|
6,895
|
8,116
|
8,948
|
-
|
9,020
|
9,240
|
9,754
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.736
x
|
4.752
x
|
3.856
x
|
3.631
x
|
-
|
3.063
x
|
2.919
x
|
2.977
x
|
Free Cash Flow
1 |
-239
|
-762
|
840
|
1,475
|
-
|
1,763
|
1,986
|
1,338
|
ROE (net income / shareholders' equity)
|
6.54%
|
17.5%
|
6.01%
|
7.74%
|
-
|
14.7%
|
15.6%
|
18.4%
|
ROA (Net income/ Total Assets)
|
1.8%
|
4.49%
|
1.53%
|
1.95%
|
-
|
4.29%
|
4.44%
|
4.1%
|
Assets
1 |
16,988
|
4,952
|
24,149
|
26,826
|
-
|
17,820
|
20,418
|
22,894
|
Book Value Per Share
2 |
15.80
|
18.20
|
10.10
|
7.320
|
-
|
18.70
|
21.00
|
21.80
|
Cash Flow per Share
2 |
-0.3400
|
-2.500
|
1.110
|
2.430
|
-
|
4.580
|
-
|
-
|
Capex
1 |
130
|
157
|
215
|
839
|
-
|
454
|
647
|
1,204
|
Capex / Sales
|
7.35%
|
8.27%
|
8.46%
|
28.6%
|
-
|
13.34%
|
17.36%
|
30.81%
|
Announcement Date
|
11/03/20
|
22/03/21
|
24/02/22
|
02/03/23
|
05/03/24
|
-
|
-
|
-
|
Last Close Price
29.05
BRL Average target price
32.28
BRL Spread / Average Target +11.13% Consensus |
1st Jan change
|
Capi.
|
---|
| -4.12% | 1.82B | | +15.48% | 144B | | +8.17% | 82.94B | | -2.49% | 78.45B | | +3.32% | 77.35B | | -7.13% | 68.38B | | +66.70% | 61.4B | | +9.09% | 46.7B | | +9.36% | 43.08B | | 0.00% | 45.57B |
Other Electric Utilities
|