Financials Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira

Equities

INTB3

BRINTBACNOR9

Communications & Networking

Market Closed - Sao Paulo 21:07:00 02/05/2024 BST 5-day change 1st Jan Change
22.81 BRL +22.63% Intraday chart for Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira +22.63% +3.68%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 9,163 9,976 7,207 7,338 - -
Enterprise Value (EV) 1 8,662 9,506 6,829 7,071 6,757 6,607
P/E ratio 25.1 x 20.8 x 13.3 x 13 x 10.5 x 8.94 x
Yield 1.22% 1.56% 2.83% 5.36% 3.29% 3.73%
Capitalization / Revenue 2.97 x 2.36 x 1.76 x 1.58 x 1.42 x 1.25 x
EV / Revenue 2.81 x 2.25 x 1.66 x 1.52 x 1.3 x 1.13 x
EV / EBITDA 21.5 x 17.8 x 11.4 x 10.6 x 8.62 x 7.39 x
EV / FCF - - 18.1 x 26.2 x 10.8 x 9.74 x
FCF Yield - - 5.53% 3.81% 9.24% 10.3%
Price to Book 4.82 x 4.47 x 2.77 x 2.57 x 2.18 x 1.97 x
Nbr of stocks (in thousands) 327,611 327,611 327,611 327,611 - -
Reference price 2 27.97 30.45 22.00 22.40 22.40 22.40
Announcement Date 24/02/22 28/02/23 28/02/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,806 2,134 3,087 4,233 4,104 4,654 5,185 5,854
EBITDA 1 - 356.8 403.2 533 600.6 667 784.3 893.9
EBIT 1 - 333.4 362.6 463.4 521.3 573 680.8 754.1
Operating Margin - 15.62% 11.75% 10.95% 12.7% 12.31% 13.13% 12.88%
Earnings before Tax (EBT) 1 - - 370.5 470.1 516.7 545 726.8 834.1
Net income 1 - - 363.5 479.2 545.6 565 696.6 816
Net margin - - 11.77% 11.32% 13.29% 12.14% 13.44% 13.94%
EPS 2 6.900 - 1.112 1.466 1.660 1.720 2.137 2.506
Free Cash Flow 1 - 191.2 - - 377.8 269.5 624.5 678
FCF margin - 8.96% - - 9.21% 5.79% 12.05% 11.58%
FCF Conversion (EBITDA) - 53.59% - - 62.91% 40.4% 79.62% 75.84%
FCF Conversion (Net income) - - - - 69.25% 47.7% 89.65% 83.08%
Dividend per Share 2 - - 0.3422 0.4744 0.6233 1.200 0.7362 0.8355
Announcement Date 01/07/20 23/03/21 24/02/22 28/02/23 28/02/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Quarterly data)

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 1 906.8 866.2 1,016 1,133 1,218 1,037 970.8 933.7 1,162 1,039 1,112 1,147 1,305 1,264 1,305
EBITDA 1 116 105 119 148.6 160.4 143.9 137.7 128.2 190.7 167 158.5 165.2 196.4 177.9 182.9
EBIT 1 - - - 132.3 137.2 125.9 118.8 107.9 168.7 145 136.9 143.2 172.3 154.9 159.4
Operating Margin - - - 11.68% 11.27% 12.15% 12.23% 11.56% 14.51% 13.96% 12.31% 12.49% 13.2% 12.26% 12.22%
Earnings before Tax (EBT) 1 - - - - - - - 102.6 174.2 154.4 155.7 164.1 170.7 - -
Net income 1 100.2 98.57 96.78 122.7 161.2 132.1 118 111 184.5 154 140.9 147.8 185.3 153.1 158.7
Net margin 11.05% 11.38% 9.53% 10.83% 13.24% 12.74% 12.16% 11.88% 15.87% 14.82% 12.67% 12.88% 14.2% 12.12% 12.16%
EPS 2 - - - 0.3700 0.4914 0.4000 0.3600 0.3400 0.5600 0.4700 0.4304 0.4516 0.5661 0.4674 0.4844
Dividend per Share 2 - - - - 0.1505 - 0.1656 - - - 0.0433 0.0433 0.5245 0.0497 0.0497
Announcement Date 24/02/22 02/05/22 27/07/22 31/10/22 28/02/23 02/05/23 27/07/23 30/10/23 28/02/24 29/04/24 - - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - 251 502 470 379 267 581 731
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 191 - - 378 270 625 678
ROE (net income / shareholders' equity) - 32.3% 25.3% 23.2% 22.6% 19.6% 22.5% 23.8%
ROA (Net income/ Total Assets) - - - - - 12.2% 13% 13.8%
Assets 1 - - - - - 4,644 5,344 5,931
Book Value Per Share 2 - 34.70 5.800 6.810 7.940 8.730 10.30 11.40
Cash Flow per Share 2 - - - - 1.680 1.680 - -
Capex 1 - 47.1 - 275 171 212 150 178
Capex / Sales - 2.21% - 6.5% 4.17% 4.56% 2.9% 3.04%
Announcement Date 01/07/20 23/03/21 24/02/22 28/02/23 28/02/24 - - -
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
22.4 BRL
Average target price
27.67 BRL
Spread / Average Target
+23.51%
Consensus
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