Market Closed -
Sao Paulo
21:07:00 07/05/2024 BST
|
5-day change
|
1st Jan Change
|
12.41
BRL
|
+4.46%
|
|
+0.57%
|
-16.32%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,933
|
2,974
|
1,608
|
407.8
|
1,825
|
1,614
|
-
|
-
|
Enterprise Value (EV)
1 |
2,733
|
2,826
|
1,940
|
1,208
|
2,287
|
2,077
|
2,095
|
2,068
|
P/E ratio
|
12
x
|
15.9
x
|
-9.01
x
|
-0.75
x
|
-17
x
|
12.5
x
|
4.69
x
|
3.58
x
|
Yield
|
1.97%
|
1.61%
|
-
|
-
|
-
|
0%
|
3.9%
|
6.54%
|
Capitalization / Revenue
|
1.5
x
|
1.3
x
|
0.63
x
|
0.17
x
|
0.63
x
|
0.47
x
|
0.4
x
|
0.35
x
|
EV / Revenue
|
1.4
x
|
1.24
x
|
0.76
x
|
0.5
x
|
0.79
x
|
0.61
x
|
0.52
x
|
0.45
x
|
EV / EBITDA
|
7.6
x
|
8.56
x
|
-413
x
|
-5.93
x
|
11.7
x
|
6.09
x
|
3.9
x
|
3.17
x
|
EV / FCF
|
114
x
|
71.9
x
|
-6.32
x
|
-2.83
x
|
9.18
x
|
-15.9
x
|
1,048
x
|
10.2
x
|
FCF Yield
|
0.88%
|
1.39%
|
-15.8%
|
-35.3%
|
10.9%
|
-6.31%
|
0.1%
|
9.81%
|
Price to Book
|
2.33
x
|
2.08
x
|
1.45
x
|
0.57
x
|
2.12
x
|
1.54
x
|
1.19
x
|
0.98
x
|
Nbr of stocks (in thousands)
|
97,157
|
98,506
|
96,214
|
96,646
|
123,094
|
123,094
|
-
|
-
|
Reference price
2 |
30.19
|
30.19
|
16.71
|
4.220
|
14.83
|
12.41
|
12.41
|
12.41
|
Announcement Date
|
19/03/20
|
11/03/21
|
10/03/22
|
09/03/23
|
14/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,950
|
2,282
|
2,540
|
2,413
|
2,903
|
3,426
|
4,051
|
4,590
|
EBITDA
1 |
359.8
|
330
|
-4.7
|
-203.8
|
195.5
|
341.1
|
537.4
|
652.4
|
EBIT
1 |
290.7
|
264.6
|
-90.43
|
-315.8
|
72.68
|
286.2
|
472.6
|
562.4
|
Operating Margin
|
14.91%
|
11.6%
|
-3.56%
|
-13.09%
|
2.5%
|
8.36%
|
11.67%
|
12.25%
|
Earnings before Tax (EBT)
1 |
299.5
|
241.6
|
-150.5
|
-511.1
|
-58.07
|
145.8
|
350.2
|
431
|
Net income
1 |
263.5
|
200.3
|
-191.5
|
-547.3
|
-95.85
|
119.7
|
314.9
|
427.2
|
Net margin
|
13.51%
|
8.78%
|
-7.54%
|
-22.69%
|
-3.3%
|
3.49%
|
7.77%
|
9.31%
|
EPS
2 |
2.510
|
1.899
|
-1.854
|
-5.640
|
-0.8747
|
0.9925
|
2.644
|
3.470
|
Free Cash Flow
1 |
24
|
39.32
|
-306.9
|
-426.4
|
249.2
|
-131
|
2
|
203
|
FCF margin
|
1.23%
|
1.72%
|
-12.08%
|
-17.67%
|
8.58%
|
-3.82%
|
0.05%
|
4.42%
|
FCF Conversion (EBITDA)
|
6.67%
|
11.92%
|
-
|
-
|
127.47%
|
-
|
0.37%
|
31.11%
|
FCF Conversion (Net income)
|
9.11%
|
19.63%
|
-
|
-
|
-
|
-
|
0.64%
|
47.52%
|
Dividend per Share
2 |
0.5950
|
0.4872
|
-
|
-
|
-
|
0.000020
|
0.4844
|
0.8119
|
Announcement Date
|
19/03/20
|
11/03/21
|
10/03/22
|
09/03/23
|
14/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
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
|
---|
Net sales
1 |
721.2
|
517.2
|
581.4
|
626.9
|
573.2
|
631.1
|
651.4
|
710.5
|
786.3
|
754.9
|
739.9
|
829.7
|
877.5
|
953.6
|
1,052
|
EBITDA
1 |
48.6
|
-216.9
|
4.7
|
-32.3
|
-121.9
|
-54.2
|
49.6
|
47.7
|
50.8
|
57.2
|
73.39
|
79.14
|
92
|
128.5
|
143.5
|
EBIT
1 |
26.9
|
-233.2
|
-21.7
|
-72.59
|
-
|
-82.1
|
21.21
|
14.28
|
14
|
23.18
|
59.28
|
67.5
|
79.98
|
115.7
|
128.2
|
Operating Margin
|
3.73%
|
-45.09%
|
-3.73%
|
-11.58%
|
-
|
-13.01%
|
3.26%
|
2.01%
|
1.78%
|
3.07%
|
8.01%
|
8.13%
|
9.11%
|
12.13%
|
12.19%
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-10.27
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
6.4
|
-268.5
|
-67.3
|
-114.4
|
-210.4
|
-155.1
|
-41.9
|
-10.5
|
-23.8
|
-19.65
|
7.13
|
11.48
|
36.75
|
66.14
|
86.3
|
Net margin
|
0.89%
|
-51.91%
|
-11.58%
|
-18.26%
|
-36.71%
|
-24.58%
|
-6.43%
|
-1.48%
|
-3.03%
|
-2.6%
|
0.96%
|
1.38%
|
4.19%
|
6.94%
|
8.21%
|
EPS
2 |
0.0622
|
-2.600
|
-0.6979
|
-1.185
|
-2.179
|
-1.578
|
-0.3918
|
-0.0987
|
-0.2263
|
-0.1579
|
0.0316
|
0.0843
|
0.3425
|
0.5260
|
0.7011
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.000040
|
-
|
-
|
-
|
Announcement Date
|
04/11/21
|
10/03/22
|
12/05/22
|
04/08/22
|
04/11/22
|
09/03/23
|
03/05/23
|
02/08/23
|
10/11/23
|
14/03/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
332
|
800
|
461
|
463
|
482
|
455
|
Net Cash position
1 |
200
|
148
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-70.6
x
|
-3.925
x
|
2.36
x
|
1.359
x
|
0.8961
x
|
0.6966
x
|
Free Cash Flow
1 |
24
|
39.3
|
-307
|
-426
|
249
|
-131
|
2
|
203
|
ROE (net income / shareholders' equity)
|
20.7%
|
14%
|
-14.1%
|
-57.1%
|
-12.2%
|
12.8%
|
28.8%
|
28.4%
|
ROA (Net income/ Total Assets)
|
8.64%
|
6.79%
|
-4.41%
|
-12.8%
|
-2.21%
|
2.73%
|
5.73%
|
5.6%
|
Assets
1 |
3,050
|
2,949
|
4,339
|
4,285
|
4,337
|
4,387
|
5,496
|
7,633
|
Book Value Per Share
2 |
12.90
|
14.50
|
11.50
|
7.370
|
6.980
|
8.080
|
10.40
|
12.70
|
Cash Flow per Share
2 |
0.7100
|
0.8900
|
-1.700
|
-3.790
|
2.550
|
1.820
|
2.760
|
-
|
Capex
1 |
44.8
|
54.7
|
143
|
59
|
30.7
|
49.6
|
59.5
|
72.9
|
Capex / Sales
|
2.3%
|
2.39%
|
5.64%
|
2.45%
|
1.06%
|
1.45%
|
1.47%
|
1.59%
|
Announcement Date
|
19/03/20
|
11/03/21
|
10/03/22
|
09/03/23
|
14/03/24
|
-
|
-
|
-
|
Last Close Price
12.41
BRL Average target price
15.41
BRL Spread / Average Target +24.17% Consensus |
1st Jan change
|
Capi.
|
---|
| -16.32% | 318M | | +0.46% | 24.75B | | -28.11% | 11.34B | | +8.76% | 10.89B | | -23.14% | 7.7B | | -4.98% | 7.06B | | +6.00% | 6.66B | | +0.90% | 6.56B | | +16.26% | 3.71B | | -4.33% | 3.68B |
Residential Real Estate Development
|