Market Closed -
Sao Paulo
20:16:09 31/05/2024 BST
|
5-day change
|
1st Jan Change
|
392.5
BRL
|
+11.36%
|
|
+1.14%
|
+43.92%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
63,029
|
51,478
|
60,534
|
66,273
|
84,691
|
111,101
|
-
|
-
|
Enterprise Value (EV)
1 |
72,820
|
58,887
|
67,674
|
74,280
|
92,928
|
117,525
|
114,725
|
111,030
|
P/E ratio
|
13.6
x
|
-300
x
|
61.6
x
|
103
x
|
54
x
|
51.4
x
|
41.7
x
|
34.8
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
5.87
x
|
5.19
x
|
5.09
x
|
5.23
x
|
5.95
x
|
6.95
x
|
6.32
x
|
5.76
x
|
EV / Revenue
|
6.78
x
|
5.94
x
|
5.69
x
|
5.86
x
|
6.53
x
|
7.35
x
|
6.52
x
|
5.75
x
|
EV / EBITDA
|
23.4
x
|
19.4
x
|
16.5
x
|
20.8
x
|
22.6
x
|
25.2
x
|
21.7
x
|
18.7
x
|
EV / FCF
|
53
x
|
52
x
|
51.4
x
|
79.2
x
|
51.9
x
|
52.2
x
|
39.4
x
|
28.7
x
|
FCF Yield
|
1.89%
|
1.92%
|
1.94%
|
1.26%
|
1.93%
|
1.92%
|
2.54%
|
3.48%
|
Price to Book
|
4.54
x
|
3.32
x
|
3.64
x
|
3.77
x
|
4.39
x
|
5.19
x
|
4.6
x
|
3.97
x
|
Nbr of stocks (in thousands)
|
1,393,824
|
1,431,921
|
1,424,992
|
1,432,311
|
1,464,983
|
1,470,180
|
-
|
-
|
Reference price
2 |
45.22
|
35.95
|
42.48
|
46.27
|
57.81
|
75.57
|
75.57
|
75.57
|
Announcement Date
|
05/02/20
|
03/02/21
|
02/02/22
|
01/02/23
|
31/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
10,735
|
9,913
|
11,888
|
12,682
|
14,240
|
15,996
|
17,590
|
19,297
|
EBITDA
1 |
3,111
|
3,040
|
4,103
|
3,574
|
4,106
|
4,655
|
5,278
|
5,935
|
EBIT
1 |
2,800
|
1,917
|
3,010
|
3,241
|
3,738
|
4,283
|
4,812
|
5,405
|
Operating Margin
|
26.08%
|
19.34%
|
25.32%
|
25.56%
|
26.25%
|
26.77%
|
27.35%
|
28.01%
|
Earnings before Tax (EBT)
1 |
687
|
-138
|
1,076
|
1,141
|
1,985
|
2,628
|
3,271
|
3,868
|
Net income
1 |
4,700
|
-173
|
985
|
642
|
1,570
|
2,201
|
2,733
|
3,271
|
Net margin
|
43.78%
|
-1.75%
|
8.29%
|
5.06%
|
11.03%
|
13.76%
|
15.54%
|
16.95%
|
EPS
2 |
3.330
|
-0.1200
|
0.6900
|
0.4500
|
1.070
|
1.471
|
1.811
|
2.175
|
Free Cash Flow
1 |
1,375
|
1,132
|
1,316
|
938
|
1,792
|
2,251
|
2,915
|
3,865
|
FCF margin
|
12.81%
|
11.42%
|
11.07%
|
7.4%
|
12.58%
|
14.07%
|
16.57%
|
20.03%
|
FCF Conversion (EBITDA)
|
44.2%
|
37.24%
|
32.07%
|
26.25%
|
43.64%
|
48.36%
|
55.24%
|
65.13%
|
FCF Conversion (Net income)
|
29.26%
|
-
|
133.6%
|
146.11%
|
114.14%
|
102.29%
|
106.66%
|
118.17%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
05/02/20
|
03/02/21
|
02/02/22
|
01/02/23
|
31/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
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
|
2025 Q2
|
---|
Net sales
1 |
3,127
|
3,026
|
3,244
|
3,170
|
3,242
|
3,389
|
3,599
|
3,527
|
3,725
|
3,856
|
4,021
|
3,958
|
4,178
|
4,233
|
4,425
|
EBITDA
1 |
1,109
|
1,055
|
898
|
892
|
928
|
947
|
1,052
|
1,011
|
1,095
|
1,316
|
1,142
|
1,133
|
1,221
|
1,321
|
1,324
|
EBIT
1 |
819
|
781
|
818
|
810
|
833
|
865
|
964
|
919
|
990
|
1,012
|
1,071
|
1,057
|
1,144
|
1,133
|
1,209
|
Operating Margin
|
26.19%
|
25.81%
|
25.22%
|
25.55%
|
25.69%
|
25.52%
|
26.79%
|
26.06%
|
26.58%
|
26.24%
|
26.64%
|
26.7%
|
27.38%
|
26.77%
|
27.32%
|
Earnings before Tax (EBT)
1 |
120
|
156
|
345
|
245
|
396
|
444
|
426
|
610
|
505
|
608
|
738.8
|
744
|
777.2
|
709
|
781
|
Net income
1 |
80
|
97
|
246
|
174
|
126
|
300
|
261
|
505
|
504
|
495
|
539.6
|
516.6
|
590.7
|
621.8
|
676.7
|
Net margin
|
2.56%
|
3.21%
|
7.58%
|
5.49%
|
3.89%
|
8.85%
|
7.25%
|
14.32%
|
13.53%
|
12.84%
|
13.42%
|
13.05%
|
14.14%
|
14.69%
|
15.29%
|
EPS
2 |
0.0600
|
0.0700
|
0.1700
|
0.1200
|
0.0900
|
0.2100
|
0.1800
|
0.3400
|
0.3400
|
0.3300
|
0.3603
|
0.3453
|
0.3988
|
0.4102
|
0.4462
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
02/02/22
|
27/04/22
|
27/07/22
|
26/10/22
|
01/02/23
|
26/04/23
|
27/07/23
|
26/10/23
|
31/01/24
|
24/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
9,791
|
7,409
|
7,140
|
8,007
|
8,237
|
6,423
|
3,623
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
71.2
|
Leverage (Debt/EBITDA)
|
3.147
x
|
2.437
x
|
1.74
x
|
2.24
x
|
2.006
x
|
1.38
x
|
0.6865
x
|
-
|
Free Cash Flow
1 |
1,375
|
1,132
|
1,316
|
938
|
1,792
|
2,251
|
2,915
|
3,865
|
ROE (net income / shareholders' equity)
|
19.8%
|
9.44%
|
14.1%
|
14.4%
|
16.3%
|
16.3%
|
17%
|
16.5%
|
ROA (Net income/ Total Assets)
|
8.67%
|
4.49%
|
7.42%
|
7.6%
|
8.87%
|
8.41%
|
9.35%
|
8.2%
|
Assets
1 |
54,241
|
-3,851
|
13,284
|
8,446
|
17,696
|
26,174
|
29,223
|
39,888
|
Book Value Per Share
2 |
9.950
|
10.80
|
11.70
|
12.30
|
13.20
|
14.60
|
16.40
|
19.00
|
Cash Flow per Share
2 |
1.300
|
1.060
|
1.300
|
1.060
|
1.710
|
2.590
|
2.970
|
3.440
|
Capex
1 |
461
|
376
|
554
|
588
|
711
|
692
|
735
|
776
|
Capex / Sales
|
4.29%
|
3.79%
|
4.66%
|
4.64%
|
4.99%
|
4.33%
|
4.18%
|
4.02%
|
Announcement Date
|
05/02/20
|
03/02/21
|
02/02/22
|
01/02/23
|
31/01/24
|
-
|
-
|
-
|
Last Close Price
75.57
USD Average target price
82.06
USD Spread / Average Target +8.59% Consensus |