Delayed
Sao Paulo
20:32:23 11/06/2024 BST
|
5-day change
|
1st Jan Change
|
68.15
BRL
|
+0.74%
|
|
+1.53%
|
+20.26%
|
Fiscal Period: August |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
26,171
|
27,985
|
34,232
|
42,152
|
44,544
|
48,192
|
-
|
-
|
Enterprise Value (EV)
1 |
31,201
|
31,747
|
38,331
|
48,010
|
51,935
|
56,535
|
56,561
|
55,442
|
P/E ratio
|
16.8
x
|
16.7
x
|
16.7
x
|
18.5
x
|
18.5
x
|
18.6
x
|
17.1
x
|
15.4
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
2.21
x
|
2.22
x
|
2.34
x
|
2.59
x
|
2.55
x
|
2.6
x
|
2.5
x
|
2.37
x
|
EV / Revenue
|
2.63
x
|
2.51
x
|
2.62
x
|
2.95
x
|
2.98
x
|
3.05
x
|
2.94
x
|
2.73
x
|
EV / EBITDA
|
12.1
x
|
11.3
x
|
11.4
x
|
12.9
x
|
13.1
x
|
12.9
x
|
12.4
x
|
11.6
x
|
EV / FCF
|
19.1
x
|
14
x
|
13.2
x
|
18.9
x
|
24.2
x
|
23.5
x
|
20.8
x
|
18.9
x
|
FCF Yield
|
5.23%
|
7.13%
|
7.56%
|
5.29%
|
4.13%
|
4.26%
|
4.81%
|
5.29%
|
Price to Book
|
-15
x
|
-31.9
x
|
-18.7
x
|
-11.7
x
|
-10.1
x
|
-10.9
x
|
-11.4
x
|
-11.4
x
|
Nbr of stocks (in thousands)
|
24,529
|
23,359
|
21,545
|
19,488
|
18,156
|
17,144
|
-
|
-
|
Reference price
2 |
1,067
|
1,198
|
1,589
|
2,163
|
2,453
|
2,811
|
2,811
|
2,811
|
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
|
18,527
|
19,243
|
20,309
|
EBITDA
1 |
2,586
|
2,815
|
3,352
|
3,713
|
3,972
|
4,393
|
4,549
|
4,799
|
EBIT
1 |
2,216
|
2,418
|
2,945
|
3,271
|
3,474
|
3,832
|
3,964
|
4,181
|
Operating Margin
|
18.68%
|
19.14%
|
20.13%
|
20.12%
|
19.9%
|
20.68%
|
20.6%
|
20.59%
|
Earnings before Tax (EBT)
1 |
2,031
|
2,217
|
2,749
|
3,079
|
3,168
|
3,397
|
3,516
|
3,704
|
Net income
1 |
1,617
|
1,733
|
2,170
|
2,430
|
2,528
|
2,692
|
2,757
|
2,892
|
Net margin
|
13.63%
|
13.72%
|
14.84%
|
14.95%
|
14.48%
|
14.53%
|
14.32%
|
14.24%
|
EPS
2 |
63.43
|
71.93
|
95.19
|
117.2
|
132.4
|
151.4
|
164.7
|
182.9
|
Free Cash Flow
1 |
1,632
|
2,262
|
2,897
|
2,539
|
2,144
|
2,408
|
2,721
|
2,935
|
FCF margin
|
13.76%
|
17.91%
|
19.8%
|
15.62%
|
12.28%
|
13%
|
14.14%
|
14.45%
|
FCF Conversion (EBITDA)
|
63.12%
|
80.36%
|
86.41%
|
68.38%
|
53.99%
|
54.82%
|
59.82%
|
61.16%
|
FCF Conversion (Net income)
|
100.94%
|
130.55%
|
133.47%
|
104.49%
|
84.8%
|
89.46%
|
98.72%
|
101.5%
|
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 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
|
6,236
|
4,397
|
4,074
|
4,485
|
6,370
|
EBITDA
1 |
726.5
|
887.8
|
1,245
|
832.3
|
783.7
|
974.6
|
1,381
|
968.8
|
868.2
|
1,525
|
1,020
|
915.5
|
1,089
|
1,534
|
EBIT
1 |
626.8
|
785.7
|
1,104
|
723
|
670
|
858.5
|
1,222
|
848.6
|
743.2
|
1,342
|
892.2
|
781.9
|
949
|
1,345
|
Operating Margin
|
18.6%
|
20.33%
|
20.64%
|
18.14%
|
18.15%
|
20.99%
|
21.48%
|
20.25%
|
19.26%
|
21.51%
|
20.29%
|
19.19%
|
21.16%
|
21.12%
|
Earnings before Tax (EBT)
1 |
584.3
|
743.8
|
1,040
|
665.3
|
604.4
|
784.2
|
1,114
|
757.2
|
640.6
|
1,198
|
788.8
|
675.2
|
842.7
|
1,211
|
Net income
1 |
471.8
|
592.6
|
810
|
539.3
|
476.5
|
647.7
|
864.8
|
593.5
|
515
|
938.9
|
618.6
|
534
|
665.7
|
940.6
|
Net margin
|
14%
|
15.33%
|
15.15%
|
13.53%
|
12.91%
|
15.83%
|
15.2%
|
14.16%
|
13.35%
|
15.06%
|
14.07%
|
13.11%
|
14.84%
|
14.77%
|
EPS
2 |
22.30
|
29.03
|
40.51
|
27.45
|
24.64
|
34.12
|
46.46
|
32.55
|
28.89
|
54.01
|
36.10
|
31.46
|
39.82
|
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
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: August |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
5,030
|
3,763
|
4,098
|
5,858
|
7,391
|
8,343
|
8,369
|
7,250
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.945
x
|
1.337
x
|
1.223
x
|
1.578
x
|
1.861
x
|
1.899
x
|
1.84
x
|
1.511
x
|
Free Cash Flow
1 |
1,632
|
2,262
|
2,897
|
2,539
|
2,144
|
2,408
|
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
|
16,741
|
17,752
|
18,337
|
Book Value Per Share
2 |
-71.30
|
-37.60
|
-85.00
|
-185.0
|
-244.0
|
-257.0
|
-246.0
|
-246.0
|
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
|
1,046
|
1,015
|
1,058
|
Capex / Sales
|
4.18%
|
3.62%
|
4.25%
|
4.14%
|
4.56%
|
5.64%
|
5.28%
|
5.21%
|
Announcement Date
|
24/09/19
|
22/09/20
|
21/09/21
|
19/09/22
|
19/09/23
|
-
|
-
|
-
|
Last Close Price
2,811
USD Average target price
3,190
USD Spread / Average Target +13.50% Consensus |