Delayed
Sao Paulo
15:32:04 16/05/2024 BST
|
5-day change
|
1st Jan Change
|
38.28
BRL
|
+0.26%
|
|
+0.45%
|
-9.78%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
51,247
|
57,626
|
52,311
|
97,242
|
96,843
|
87,042
|
-
|
-
|
Enterprise Value (EV)
1 |
85,643
|
92,185
|
82,613
|
130,317
|
96,843
|
123,534
|
116,499
|
114,934
|
P/E ratio
|
5.61
x
|
9.25
x
|
9.49
x
|
24
x
|
20.3
x
|
10.6
x
|
8.69
x
|
6.45
x
|
Yield
|
4.58%
|
2.81%
|
4.52%
|
-
|
-
|
3.29%
|
4.97%
|
10.3%
|
Capitalization / Revenue
|
1.85
x
|
1.98
x
|
1.39
x
|
2.85
x
|
2.61
x
|
2.23
x
|
2.21
x
|
2.14
x
|
EV / Revenue
|
3.09
x
|
3.17
x
|
2.2
x
|
3.82
x
|
2.61
x
|
3.17
x
|
2.95
x
|
2.83
x
|
EV / EBITDA
|
6.48
x
|
6.6
x
|
4.35
x
|
7.33
x
|
5.02
x
|
5.67
x
|
5.05
x
|
4.5
x
|
EV / FCF
|
-42
x
|
47.4
x
|
14.6
x
|
16.9
x
|
-
|
8.4
x
|
8.28
x
|
6.59
x
|
FCF Yield
|
-2.38%
|
2.11%
|
6.85%
|
5.9%
|
-
|
11.9%
|
12.1%
|
15.2%
|
Price to Book
|
0.73
x
|
0.77
x
|
0.68
x
|
0.9
x
|
-
|
0.77
x
|
0.73
x
|
0.72
x
|
Nbr of stocks (in thousands)
|
1,352,634
|
1,568,931
|
1,568,931
|
2,301,228
|
2,253,003
|
2,250,448
|
-
|
-
|
Reference price
2 |
38.24
|
37.00
|
33.01
|
43.23
|
46.98
|
42.25
|
42.25
|
42.25
|
Announcement Date
|
28/03/20
|
19/03/21
|
18/03/22
|
13/03/23
|
14/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
27,726
|
29,081
|
37,616
|
34,074
|
37,159
|
39,024
|
39,455
|
40,610
|
EBITDA
1 |
13,210
|
13,978
|
19,007
|
17,780
|
19,274
|
21,770
|
23,070
|
25,557
|
EBIT
1 |
10,262
|
10,444
|
18,173
|
15,090
|
10,525
|
15,823
|
20,483
|
23,216
|
Operating Margin
|
37.01%
|
35.91%
|
48.31%
|
44.29%
|
28.33%
|
40.55%
|
51.91%
|
57.17%
|
Earnings before Tax (EBT)
1 |
6,369
|
6,953
|
10,994
|
3,347
|
1,728
|
11,521
|
13,639
|
16,709
|
Net income
1 |
10,697
|
6,387
|
5,714
|
3,638
|
4,882
|
9,143
|
10,233
|
12,077
|
Net margin
|
38.58%
|
21.96%
|
15.19%
|
10.68%
|
13.14%
|
23.43%
|
25.94%
|
29.74%
|
EPS
2 |
6.820
|
4.000
|
3.480
|
1.800
|
2.310
|
3.994
|
4.863
|
6.551
|
Free Cash Flow
1 |
-2,041
|
1,944
|
5,657
|
7,690
|
-
|
14,699
|
14,067
|
17,436
|
FCF margin
|
-7.36%
|
6.68%
|
15.04%
|
22.57%
|
-
|
37.67%
|
35.65%
|
42.94%
|
FCF Conversion (EBITDA)
|
-
|
13.91%
|
29.76%
|
43.25%
|
-
|
67.52%
|
60.98%
|
68.22%
|
FCF Conversion (Net income)
|
-
|
30.44%
|
99.01%
|
211.36%
|
-
|
160.77%
|
137.46%
|
144.38%
|
Dividend per Share
2 |
1.750
|
1.040
|
1.494
|
-
|
-
|
1.389
|
2.098
|
4.369
|
Announcement Date
|
28/03/20
|
19/03/21
|
18/03/22
|
13/03/23
|
14/03/24
|
-
|
-
|
-
|
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 |
11,492
|
9,181
|
8,856
|
8,033
|
9,009
|
9,210
|
9,246
|
8,781
|
9,922
|
8,718
|
10,197
|
10,386
|
10,341
|
-
|
-
|
EBITDA
1 |
4,775
|
5,428
|
4,861
|
3,197
|
4,401
|
5,616
|
5,431
|
4,560
|
3,840
|
4,505
|
5,973
|
6,023
|
5,809
|
-
|
-
|
EBIT
1 |
3,352
|
4,230
|
2,144
|
2,385
|
3,522
|
3,987
|
4,994
|
3,635
|
-
|
3,509
|
5,064
|
5,100
|
4,883
|
-
|
-
|
Operating Margin
|
29.17%
|
46.07%
|
24.21%
|
29.69%
|
39.09%
|
43.29%
|
54.01%
|
41.4%
|
-
|
40.25%
|
49.66%
|
49.11%
|
47.21%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
795
|
3,585
|
1,295
|
-212.6
|
-1,138
|
854.1
|
2,139
|
771
|
-2,371
|
635.6
|
2,779
|
2,002
|
2,660
|
-
|
-
|
Net income
1 |
610
|
2,716
|
1,401
|
-14.53
|
-478.6
|
488.6
|
1,619
|
1,477
|
1,048
|
328.1
|
2,485
|
2,547
|
2,713
|
-
|
-
|
Net margin
|
5.31%
|
29.58%
|
15.82%
|
-0.18%
|
-5.31%
|
5.31%
|
17.51%
|
16.82%
|
10.57%
|
3.76%
|
24.37%
|
24.52%
|
26.23%
|
-
|
-
|
EPS
2 |
0.0640
|
1.830
|
0.9646
|
-0.008500
|
-0.3400
|
0.2300
|
0.7800
|
0.5000
|
0.4300
|
0.1500
|
1.093
|
1.122
|
1.191
|
-
|
-
|
Dividend per Share
2 |
1.494
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1.357
|
-
|
-
|
Announcement Date
|
18/03/22
|
16/05/22
|
12/08/22
|
10/11/22
|
13/03/23
|
05/05/23
|
09/08/23
|
08/11/23
|
14/03/24
|
09/05/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
34,396
|
34,559
|
30,302
|
33,075
|
-
|
36,492
|
29,457
|
27,892
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.604
x
|
2.472
x
|
1.594
x
|
1.86
x
|
-
|
1.676
x
|
1.277
x
|
1.091
x
|
Free Cash Flow
1 |
-2,041
|
1,944
|
5,657
|
7,690
|
-
|
14,699
|
14,067
|
17,437
|
ROE (net income / shareholders' equity)
|
16.9%
|
13.2%
|
16.3%
|
11.2%
|
-
|
10.7%
|
9.74%
|
11.6%
|
ROA (Net income/ Total Assets)
|
-
|
5.31%
|
6.62%
|
4.56%
|
-
|
3.57%
|
3.76%
|
4.92%
|
Assets
1 |
-
|
120,321
|
86,270
|
79,730
|
-
|
256,385
|
272,528
|
245,662
|
Book Value Per Share
2 |
52.40
|
48.00
|
48.50
|
48.00
|
-
|
55.20
|
57.90
|
58.50
|
Cash Flow per Share
2 |
-
|
2.700
|
5.160
|
4.590
|
-
|
2.580
|
5.540
|
-
|
Capex
1 |
1,955
|
2,255
|
2,573
|
1,586
|
-
|
4,913
|
4,171
|
4,449
|
Capex / Sales
|
7.05%
|
7.75%
|
6.84%
|
4.65%
|
-
|
12.59%
|
10.57%
|
10.96%
|
Announcement Date
|
28/03/20
|
19/03/21
|
18/03/22
|
13/03/23
|
14/03/24
|
-
|
-
|
-
|
Last Close Price
42.25
BRL Average target price
58.74
BRL Spread / Average Target +39.02% Consensus |
1st Jan change
|
Capi.
|
---|
| +9.17% | 86.33B | | +9.02% | 13.55B | | +52.01% | 11.73B | | +11.90% | 11.42B | | +20.58% | 7.29B | | -2.73% | 5.46B | | +9.74% | 4.79B | | -.--% | 3.89B | | -1.06% | 1.95B |
Hydroelectric & Tidal Utilities
|