Company Valuation: Lojas Renner S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,089 19,873 16,647 12,747 12,872 11,305 - -
Change - -17.5% -16.24% -23.43% 0.98% -12.18% - -
Enterprise Value (EV) 1 24,269 21,685 15,470 10,921 11,372 12,624 12,879 13,122
Change - -10.65% -28.66% -29.4% 4.13% 11.01% 2.01% 1.89%
P/E 36.9x 15.5x 17.1x 10.6x 9.33x 7.5x 6.99x 6.32x
PBR 2.46x - 1.66x 1.18x 1.3x 1.06x 1x 0.94x
PEG - 0.2x -0.7x 0.5x 0.3x 0.86x 0.94x 0.6x
Capitalization / Revenue 2.28x 1.5x 1.22x 0.88x 0.81x 0.68x 0.63x 0.58x
EV / Revenue 2.3x 1.63x 1.13x 0.76x 0.72x 0.76x 0.72x 0.67x
EV / EBITDA 14.1x 9.03x 7.35x 4.12x 3.57x 3.93x 3.61x 3.34x
EV / EBIT 29.8x 15.4x 17.4x 8.67x 6.33x 6.52x 6.04x 5.42x
EV / FCF 86.2x 50.3x 8.74x 6.04x 7.91x 9.63x 9.78x 8.95x
FCF Yield 1.16% 1.99% 11.4% 16.6% 12.6% 10.4% 10.2% 11.2%
Dividend per Share 2 0.3896 - 0.6488 0.6456 0.8383 1.267 1.217 1.227
Rate of return 1.75% - 4.1% 5.33% 6.23% 10.8% 10.4% 10.4%
EPS 2 0.6026 1.203 0.9241 1.138 1.442 1.567 1.683 1.86
Distribution rate 64.7% - 70.2% 56.7% 58.1% 80.8% 72.3% 66%
Net sales 1 10,572 13,271 13,648 14,436 15,830 16,509 17,927 19,458
EBITDA 1 1,723 2,401 2,104 2,650 3,187 3,212 3,572 3,929
EBIT 1 813.9 1,407 889.1 1,259 1,797 1,935 2,133 2,422
Net income 1 633.1 1,292 976.3 1,197 1,500 1,521 1,649 1,829
Net Debt 1 180.6 1,812 -1,177 -1,826 -1,500 1,320 1,574 1,818
Reference price 2 22.22 18.62 15.84 12.12 13.45 11.76 11.76 11.76
Nbr of stocks (in thousands) 1,084,183 1,067,423 1,051,161 1,051,732 957,030 961,283 - -
Announcement Date 17/03/22 16/02/23 14/03/24 20/02/25 03/03/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.5x0.76x3.93x10.77% 2.16B
24.59x3.74x13.31x3.63% 187B
43.04x5.29x21.75x0.87% 140B
26.04x2.69x17.17x0.78% 73.01B
41.09x2.38x9.1x1.6% 29.02B
20.02x1.38x7.82x4.61% 25.33B
14.93x2.89x11.13x1.58% 23.44B
17.58x2.47x11.16x2.13% 21.69B
23.97x1.42x12.13x-.--% 17.3B
15.2x1.95x7.85x3.97% 11.48B
Average 23.40x 2.50x 11.53x 2.99% 52.97B
Weighted average by Cap. 29.33x 3.60x 15.19x 2.21%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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