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

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 67,651 77,196 79,758 55,667 71,262 83,680 - -
Change - 14.11% 3.32% -30.21% 28.02% 17.43% - -
Enterprise Value (EV) 1 62,716 77,196 77,818 55,597 70,677 83,604 80,741 80,264
Change - 23.09% 0.81% -28.56% 27.12% 18.29% -3.42% -0.59%
P/E ratio 14.4x 17.7x 20.1x 12.4x 15.8x 14.1x 13.1x 12.4x
PBR 3.05x - 4.03x 2.96x 4.01x 5.08x 4.76x 4.78x
PEG - -5.31x -5.81x 0.8x 2.82x 0.4x 1.73x 2.21x
Capitalization / Revenue 7.32x 8.49x 8.93x 5.85x 7.08x 7.44x 6.75x 6.26x
EV / Revenue 6.78x 8.49x 8.71x 5.84x 7.02x 7.43x 6.52x 6.01x
EV / EBITDA 8.62x 11.5x 12.3x 8.31x 10.1x 10.6x 9.15x 8.32x
EV / EBIT 10x 13.7x 14.8x 9.09x 10.7x 11x 9.58x 8.69x
EV / FCF 20.7x - 21.1x 6.04x 17.4x 14.9x 12.7x 12.4x
FCF Yield 4.82% - 4.73% 16.5% 5.76% 6.7% 7.85% 8.07%
Dividend per Share 2 0.6466 - - - - 1.215 1.343 1.377
Rate of return 5.8% - - - - 7.28% 8.04% 8.24%
EPS 2 0.7738 0.748 0.7222 0.8344 0.8812 1.186 1.276 1.348
Distribution rate 83.6% - - - - 102% 105% 102%
Net sales 1 9,248 9,092 8,930 9,513 10,068 11,249 12,388 13,362
EBITDA 1 7,274 6,700 6,334 6,690 7,019 7,863 8,819 9,645
EBIT 1 6,243 5,644 5,244 6,118 6,632 7,619 8,428 9,234
Net income 1 4,717 4,227 4,132 4,577 4,586 5,725 6,542 6,605
Net Debt 1 -4,935 - -1,940 -69.73 -584.9 -76.01 -2,939 -3,416
Reference price 2 11.14 13.21 14.55 10.32 13.89 16.70 16.70 16.70
Nbr of stocks (in thousands) 6,072,842 5,843,738 5,481,658 5,394,041 5,130,465 5,010,780 - -
Announcement Date 17/03/22 15/02/23 22/02/24 20/02/25 26/02/26 - - -
1BRL in Million2BRL
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.08x7.43x10.63x7.28% 16.49B
21.73x9.64x14.28x1.37% 87.43B
27.5x16.09x20.46x3.24% 67.22B
34.63x5.4x10.76x1.83% 59.68B
20.09x7.54x12.65x1.89% 51.72B
27.23x10.3x17.49x1.3% 51.5B
31.66x14.82x23.49x2.12% 17.65B
19.63x7.69x12.39x2.54% 16.38B
24.26x8.45x15.09x1.8% 10.78B
17.15x-3.23x-5.51x1.78% 7.32B
Average 23.80x 8.41x 13.17x 2.51% 38.62B
Weighted average by Cap. 25.26x 9.70x 14.86x 2.18%

Y-o-Y evolution of P/E

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