Company Valuation: B3 S.A. - Brasil, Bolsa, Balcão

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 126,543 67,651 77,196 79,758 55,667 71,561 - -
Change - -46.54% 14.11% 3.32% -30.21% 28.55% - -
Enterprise Value (EV) 1 118,160 62,716 77,196 77,818 55,597 68,828 68,999 68,667
Change - -46.92% 23.09% 0.81% -28.56% 23.8% 0.25% -0.48%
P/E ratio 30.6x 14.4x 17.7x 20.1x 12.4x 14.4x 12.8x 11.6x
PBR 5.14x 3.05x - 4.03x 2.96x 3.88x 3.86x 3.81x
PEG - 1x -5.31x -5.81x 0.8x 1x 1x 1x
Capitalization / Revenue 15.1x 7.32x 8.49x 8.93x 5.85x 7.07x 6.53x 6.07x
EV / Revenue 14.1x 6.78x 8.49x 8.71x 5.84x 6.8x 6.3x 5.82x
EV / EBITDA 18.5x 8.62x 11.5x 12.3x 8.31x 9.73x 8.86x 8.15x
EV / EBIT 20.8x 10x 13.7x 14.8x 9.09x 10.3x 9.34x 8.52x
EV / FCF 46.7x 20.7x - 21.1x 6.04x 16.1x 12.1x 11.3x
FCF Yield 2.14% 4.82% - 4.73% 16.5% 6.21% 8.26% 8.85%
Dividend per Share 2 0.5481 0.6466 - - - 0.9116 1.085 1.161
Rate of return 2.65% 5.8% - - - 6.64% 7.9% 8.45%
EPS 2 0.6757 0.7738 0.748 0.7222 0.8344 0.9509 1.069 1.189
Distribution rate 81.1% 83.6% - - - 95.9% 102% 97.6%
Net sales 1 8,383 9,248 9,092 8,930 9,513 10,121 10,951 11,798
EBITDA 1 6,383 7,274 6,700 6,334 6,690 7,077 7,788 8,426
EBIT 1 5,680 6,243 5,644 5,244 6,118 6,681 7,391 8,055
Net income 1 4,152 4,717 4,227 4,132 4,577 4,974 5,480 5,954
Net Debt 1 -8,383 -4,935 - -1,940 -69.73 -2,733 -2,563 -2,894
Reference price 2 20.66 11.14 13.21 14.55 10.32 13.73 13.73 13.73
Nbr of stocks (in thousands) 6,125,009 6,072,842 5,843,738 5,481,658 5,394,041 5,212,041 - -
Announcement Date 04/03/21 17/03/22 15/02/23 22/02/24 20/02/25 - - -
1BRL in Million2BRL
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.44x6.8x9.73x6.64% 12.82B
33.24x12.13x18.03x1.06% 104B
57.85x6.75x14.02x1.31% 76.31B
35.69x16.24x22.16x2.47% 68.52B
24.38x8.76x14.98x1.6% 57.43B
34.85x11.67x20.45x1.17% 51.33B
23.36x9.16x14.8x2.14% 17.87B
25.87x11.71x20.7x2.33% 12.91B
32.21x10.06x18.12x1.46% 11.22B
24.56x-0.38x-0.64x1.22% 9.45B
Average 30.64x 9.29x 15.23x 2.14% 42.14B
Weighted average by Cap. 35.64x 10.67x 17.13x 1.69%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation B3 S.A. - Brasil, Bolsa, Balcão