Market Closed -
Sao Paulo
21:10:00 26/06/2024 BST
|
5-day change
|
1st Jan Change
|
259
BRL
|
+1.77%
|
|
+4.02%
|
+46.53%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
18,057
|
19,545
|
18,194
|
12,317
|
12,509
|
16,189
|
-
|
-
|
Enterprise Value (EV)
1 |
27,311
|
27,043
|
22,478
|
18,435
|
16,989
|
20,837
|
20,513
|
20,152
|
P/E ratio
|
15
x
|
40.8
x
|
10.5
x
|
8.45
x
|
44.1
x
|
22.6
x
|
16.8
x
|
14.4
x
|
Yield
|
4.37%
|
4.12%
|
4.26%
|
5.34%
|
5.12%
|
3.96%
|
3.98%
|
4.18%
|
Capitalization / Revenue
|
0.81
x
|
0.95
x
|
0.94
x
|
0.58
x
|
0.66
x
|
0.85
x
|
0.82
x
|
0.8
x
|
EV / Revenue
|
1.22
x
|
1.31
x
|
1.16
x
|
0.87
x
|
0.9
x
|
1.1
x
|
1.04
x
|
1
x
|
EV / EBITDA
|
7.29
x
|
9.56
x
|
8.29
x
|
6.46
x
|
7.61
x
|
9.3
x
|
7.93
x
|
7.36
x
|
EV / FCF
|
11.7
x
|
11.7
x
|
15.2
x
|
14.8
x
|
24.5
x
|
24.8
x
|
19.6
x
|
17.2
x
|
FCF Yield
|
8.55%
|
8.55%
|
6.59%
|
6.74%
|
4.07%
|
4.03%
|
5.09%
|
5.82%
|
Price to Book
|
2.38
x
|
2.5
x
|
2.03
x
|
1.43
x
|
1.5
x
|
1.95
x
|
1.91
x
|
1.82
x
|
Nbr of stocks (in thousands)
|
392,116
|
393,095
|
387,263
|
355,670
|
346,017
|
347,322
|
-
|
-
|
Reference price
2 |
46.05
|
49.72
|
46.98
|
34.63
|
36.15
|
46.61
|
46.61
|
46.61
|
Announcement Date
|
30/01/20
|
04/02/21
|
27/01/22
|
31/01/23
|
01/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
22,376
|
20,580
|
19,363
|
21,161
|
18,916
|
19,000
|
19,818
|
20,232
|
EBITDA
1 |
3,747
|
2,830
|
2,711
|
2,854
|
2,232
|
2,240
|
2,588
|
2,740
|
EBIT
1 |
2,441
|
1,543
|
1,501
|
1,814
|
1,222
|
1,189
|
1,564
|
1,723
|
Operating Margin
|
10.91%
|
7.5%
|
7.75%
|
8.57%
|
6.46%
|
6.26%
|
7.89%
|
8.52%
|
Earnings before Tax (EBT)
1 |
1,604
|
650
|
999
|
1,511
|
382
|
956.3
|
1,288
|
1,480
|
Net income
1 |
1,225
|
482
|
1,752
|
1,504
|
288
|
713.9
|
967.5
|
1,115
|
Net margin
|
5.47%
|
2.34%
|
9.05%
|
7.11%
|
1.52%
|
3.76%
|
4.88%
|
5.51%
|
EPS
2 |
3.070
|
1.220
|
4.470
|
4.100
|
0.8200
|
2.058
|
2.780
|
3.235
|
Free Cash Flow
1 |
2,334
|
2,312
|
1,481
|
1,243
|
692
|
840.3
|
1,045
|
1,173
|
FCF margin
|
10.43%
|
11.23%
|
7.65%
|
5.87%
|
3.66%
|
4.42%
|
5.27%
|
5.8%
|
FCF Conversion (EBITDA)
|
62.29%
|
81.7%
|
54.63%
|
43.55%
|
31%
|
37.52%
|
40.37%
|
42.81%
|
FCF Conversion (Net income)
|
190.53%
|
479.67%
|
84.53%
|
82.65%
|
240.28%
|
117.7%
|
107.99%
|
105.16%
|
Dividend per Share
2 |
2.013
|
2.050
|
2.000
|
1.850
|
1.850
|
1.846
|
1.855
|
1.950
|
Announcement Date
|
30/01/20
|
04/02/21
|
27/01/22
|
31/01/23
|
01/02/24
|
-
|
-
|
-
|
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 |
5,086
|
5,237
|
5,389
|
5,402
|
5,133
|
5,020
|
4,682
|
4,613
|
4,601
|
4,619
|
4,717
|
4,809
|
4,884
|
4,734
|
4,774
|
EBITDA
1 |
643
|
597
|
825
|
710
|
722
|
539
|
570
|
590
|
533
|
423
|
510.2
|
616.2
|
680.2
|
552.1
|
670.6
|
EBIT
1 |
366
|
336
|
558
|
449
|
471
|
298
|
326
|
332
|
266
|
145
|
252.5
|
358.2
|
421.5
|
288.6
|
407.1
|
Operating Margin
|
7.2%
|
6.42%
|
10.35%
|
8.31%
|
9.18%
|
5.94%
|
6.96%
|
7.2%
|
5.78%
|
3.14%
|
5.35%
|
7.45%
|
8.63%
|
6.1%
|
8.53%
|
Earnings before Tax (EBT)
1 |
44
|
362
|
514
|
313
|
322
|
221
|
255
|
232
|
-326
|
85
|
185.2
|
284.1
|
370
|
222.7
|
341.1
|
Net income
1 |
107
|
360
|
511
|
951
|
-318
|
172
|
235
|
165
|
-284
|
56
|
137.8
|
212.6
|
277.4
|
167
|
255.9
|
Net margin
|
2.1%
|
6.87%
|
9.48%
|
17.6%
|
-6.2%
|
3.43%
|
5.02%
|
3.58%
|
-6.17%
|
1.21%
|
2.92%
|
4.42%
|
5.68%
|
3.53%
|
5.36%
|
EPS
2 |
0.2800
|
0.9500
|
1.380
|
2.640
|
-0.9000
|
0.4900
|
0.6800
|
0.4700
|
-0.8200
|
0.1600
|
0.3933
|
0.6100
|
0.7933
|
0.4800
|
0.7400
|
Dividend per Share
2 |
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
0.4625
|
-
|
0.4600
|
0.4600
|
0.4600
|
-
|
-
|
Announcement Date
|
27/01/22
|
28/04/22
|
28/07/22
|
27/10/22
|
31/01/23
|
27/04/23
|
27/07/23
|
26/10/23
|
01/02/24
|
25/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
9,254
|
7,498
|
4,284
|
6,118
|
4,480
|
4,648
|
4,324
|
3,963
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.47
x
|
2.649
x
|
1.58
x
|
2.144
x
|
2.007
x
|
2.076
x
|
1.671
x
|
1.446
x
|
Free Cash Flow
1 |
2,334
|
2,312
|
1,481
|
1,243
|
692
|
840
|
1,045
|
1,173
|
ROE (net income / shareholders' equity)
|
23.5%
|
14.2%
|
14.8%
|
13.3%
|
8.96%
|
8.2%
|
10.7%
|
13%
|
ROA (Net income/ Total Assets)
|
5.27%
|
3.4%
|
4.41%
|
4.75%
|
3.2%
|
3.5%
|
4.5%
|
6.2%
|
Assets
1 |
23,228
|
14,192
|
39,759
|
31,666
|
9,003
|
20,397
|
21,499
|
17,987
|
Book Value Per Share
2 |
19.30
|
19.80
|
23.10
|
24.30
|
24.10
|
23.80
|
24.40
|
25.60
|
Cash Flow per Share
2 |
9.050
|
7.740
|
5.170
|
5.920
|
5.250
|
5.170
|
5.530
|
5.670
|
Capex
1 |
1,276
|
751
|
549
|
931
|
1,141
|
912
|
977
|
1,020
|
Capex / Sales
|
5.7%
|
3.65%
|
2.84%
|
4.4%
|
6.03%
|
4.8%
|
4.93%
|
5.04%
|
Announcement Date
|
30/01/20
|
04/02/21
|
27/01/22
|
31/01/23
|
01/02/24
|
-
|
-
|
-
|
Last Close Price
46.59
USD Average target price
44.72
USD Spread / Average Target -4.02% Consensus |
1st Jan change
|
Capi.
|
---|
| +14.55% | 16.71B | | +19.70% | 12.96B | | +0.72% | 10.81B | | -12.61% | 8.35B | | +8.97% | 8.33B | | -12.20% | 7.18B | | +19.88% | 6.48B | | -7.54% | 5.1B | | +3.76% | 4.6B |
Other Paper Packaging
|