Market Closed -
Sao Paulo
20:30:04 04/07/2024 BST
|
5-day change
|
1st Jan Change
|
70.47
BRL
|
-2.92%
|
|
-4.42%
|
+24.35%
|
Fiscal Period: August |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
26,171
|
27,985
|
34,232
|
42,152
|
44,544
|
48,599
|
-
|
-
|
Enterprise Value (EV)
1 |
31,201
|
31,747
|
38,331
|
48,010
|
51,935
|
56,946
|
56,973
|
55,872
|
P/E ratio
|
16.8
x
|
16.7
x
|
16.7
x
|
18.5
x
|
18.5
x
|
18.8
x
|
17.3
x
|
15.5
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
2.21
x
|
2.22
x
|
2.34
x
|
2.59
x
|
2.55
x
|
2.63
x
|
2.53
x
|
2.39
x
|
EV / Revenue
|
2.63
x
|
2.51
x
|
2.62
x
|
2.95
x
|
2.98
x
|
3.08
x
|
2.96
x
|
2.75
x
|
EV / EBITDA
|
12.1
x
|
11.3
x
|
11.4
x
|
12.9
x
|
13.1
x
|
13
x
|
12.5
x
|
11.6
x
|
EV / FCF
|
19.1
x
|
14
x
|
13.2
x
|
18.9
x
|
24.2
x
|
26.5
x
|
20.9
x
|
19
x
|
FCF Yield
|
5.23%
|
7.13%
|
7.56%
|
5.29%
|
4.13%
|
3.78%
|
4.78%
|
5.25%
|
Price to Book
|
-15
x
|
-31.9
x
|
-18.7
x
|
-11.7
x
|
-10.1
x
|
-11.1
x
|
-11.6
x
|
-11.5
x
|
Nbr of stocks (in thousands)
|
24,529
|
23,359
|
21,545
|
19,488
|
18,156
|
17,083
|
-
|
-
|
Reference price
2 |
1,067
|
1,198
|
1,589
|
2,163
|
2,453
|
2,845
|
2,845
|
2,845
|
Announcement Date
|
24/09/19
|
22/09/20
|
21/09/21
|
19/09/22
|
19/09/23
|
-
|
-
|
-
|
Fiscal Period: August |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,864
|
12,632
|
14,630
|
16,252
|
17,457
|
18,513
|
19,242
|
20,306
|
EBITDA
1 |
2,586
|
2,815
|
3,352
|
3,713
|
3,972
|
4,393
|
4,548
|
4,798
|
EBIT
1 |
2,216
|
2,418
|
2,945
|
3,271
|
3,474
|
3,845
|
3,963
|
4,180
|
Operating Margin
|
18.68%
|
19.14%
|
20.13%
|
20.12%
|
19.9%
|
20.77%
|
20.6%
|
20.58%
|
Earnings before Tax (EBT)
1 |
2,031
|
2,217
|
2,749
|
3,079
|
3,168
|
3,397
|
3,517
|
3,706
|
Net income
1 |
1,617
|
1,733
|
2,170
|
2,430
|
2,528
|
2,692
|
2,759
|
2,894
|
Net margin
|
13.63%
|
13.72%
|
14.84%
|
14.95%
|
14.48%
|
14.54%
|
14.34%
|
14.25%
|
EPS
2 |
63.43
|
71.93
|
95.19
|
117.2
|
132.4
|
151.4
|
164.8
|
183.0
|
Free Cash Flow
1 |
1,632
|
2,262
|
2,897
|
2,539
|
2,144
|
2,152
|
2,721
|
2,935
|
FCF margin
|
13.76%
|
17.91%
|
19.8%
|
15.62%
|
12.28%
|
11.63%
|
14.14%
|
14.45%
|
FCF Conversion (EBITDA)
|
63.12%
|
80.36%
|
86.41%
|
68.38%
|
53.99%
|
49%
|
59.84%
|
61.18%
|
FCF Conversion (Net income)
|
100.94%
|
130.55%
|
133.47%
|
104.49%
|
84.8%
|
79.95%
|
98.65%
|
101.4%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
24/09/19
|
22/09/20
|
21/09/21
|
19/09/22
|
19/09/23
|
-
|
-
|
-
|
Fiscal Period: August |
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
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
3,370
|
3,865
|
5,348
|
3,985
|
3,691
|
4,091
|
5,691
|
4,190
|
3,859
|
4,235
|
6,235
|
4,397
|
4,074
|
4,485
|
6,366
|
EBITDA
1 |
726.5
|
887.8
|
1,245
|
832.3
|
783.7
|
974.6
|
1,381
|
968.8
|
868.2
|
1,029
|
1,525
|
1,020
|
915
|
1,088
|
1,532
|
EBIT
1 |
626.8
|
785.7
|
1,104
|
723
|
670
|
858.5
|
1,222
|
848.6
|
743.2
|
900.2
|
1,344
|
892.2
|
781.6
|
948.7
|
1,344
|
Operating Margin
|
18.6%
|
20.33%
|
20.64%
|
18.14%
|
18.15%
|
20.99%
|
21.48%
|
20.25%
|
19.26%
|
21.25%
|
21.55%
|
20.29%
|
19.18%
|
21.15%
|
21.11%
|
Earnings before Tax (EBT)
1 |
584.3
|
743.8
|
1,040
|
665.3
|
604.4
|
784.2
|
1,114
|
757.2
|
640.6
|
795.8
|
1,199
|
789.8
|
675.8
|
843.3
|
1,211
|
Net income
1 |
471.8
|
592.6
|
810
|
539.3
|
476.5
|
647.7
|
864.8
|
593.5
|
515
|
651.7
|
939.1
|
619.9
|
534.9
|
666.6
|
941.2
|
Net margin
|
14%
|
15.33%
|
15.15%
|
13.53%
|
12.91%
|
15.83%
|
15.2%
|
14.16%
|
13.35%
|
15.39%
|
15.06%
|
14.1%
|
13.13%
|
14.86%
|
14.78%
|
EPS
2 |
22.30
|
29.03
|
40.51
|
27.45
|
24.64
|
34.12
|
46.46
|
32.55
|
28.89
|
36.69
|
54.02
|
36.16
|
31.50
|
39.85
|
57.82
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
01/03/22
|
24/05/22
|
19/09/22
|
06/12/22
|
28/02/23
|
09/06/23
|
19/09/23
|
05/12/23
|
27/02/24
|
21/05/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: August |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
5,030
|
3,763
|
4,098
|
5,858
|
7,391
|
8,347
|
8,374
|
7,273
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.945
x
|
1.337
x
|
1.223
x
|
1.578
x
|
1.861
x
|
1.9
x
|
1.841
x
|
1.516
x
|
Free Cash Flow
1 |
1,632
|
2,262
|
2,897
|
2,539
|
2,144
|
2,152
|
2,721
|
2,935
|
ROE (net income / shareholders' equity)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
ROA (Net income/ Total Assets)
|
16.3%
|
14.3%
|
15%
|
16.3%
|
16.2%
|
16.1%
|
15.5%
|
15.8%
|
Assets
1 |
9,896
|
12,160
|
14,469
|
14,896
|
15,630
|
16,742
|
17,766
|
18,355
|
Book Value Per Share
2 |
-71.30
|
-37.60
|
-85.00
|
-185.0
|
-244.0
|
-257.0
|
-246.0
|
-247.0
|
Cash Flow per Share
2 |
83.50
|
113.0
|
154.0
|
155.0
|
154.0
|
187.0
|
209.0
|
242.0
|
Capex
1 |
496
|
458
|
622
|
672
|
797
|
1,073
|
1,015
|
1,058
|
Capex / Sales
|
4.18%
|
3.62%
|
4.25%
|
4.14%
|
4.56%
|
5.8%
|
5.28%
|
5.21%
|
Announcement Date
|
24/09/19
|
22/09/20
|
21/09/21
|
19/09/22
|
19/09/23
|
-
|
-
|
-
|
Last Close Price
2,845
USD Average target price
3,195
USD Spread / Average Target +12.30% Consensus |