Company Valuation: Orizon Valorização de Resíduos S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,923 2,422 3,207 3,140 6,721 7,318 - -
Change - 25.91% 32.42% -2.1% 114.07% 8.88% - -
Enterprise Value (EV) 1 2,099 3,196 4,062 4,621 7,921 8,798 8,282 7,446
Change - 52.25% 27.08% 13.78% 71.4% 11.07% -5.86% -10.09%
P/E -34.5x -20x 80.5x 51.8x 90.8x 33x 19.3x 11.6x
PBR 5.41x 4.4x 4.54x 4.03x 4.66x 4.17x 3.02x 2.78x
PEG - -0x -1x 1x 16.57x 0x 0.3x 0.2x
Capitalization / Revenue 4.42x 3.87x 4.13x 3.48x 6.4x 5.8x 4.28x 3.38x
EV / Revenue 4.82x 5.1x 5.23x 5.12x 7.54x 6.98x 4.85x 3.44x
EV / EBITDA 11.8x 14.1x 11.8x 11.2x 15.8x 14.2x 8.55x 5.95x
EV / EBIT 26.6x 40.9x 22.7x 17.9x 25.6x 21.3x 12.7x 9.55x
EV / FCF -9.72x -17.3x -18.5x -12.4x -20.4x -191x 83.7x 39.8x
FCF Yield -10.3% -5.78% -5.41% -8.05% -4.9% -0.52% 1.2% 2.51%
Dividend per Share 2 - - - - - 1.251 3.022 4.65
Rate of return - - - - - 1.64% 3.97% 6.11%
EPS 2 -0.78 -1.69 0.48 0.73 0.77 2.31 3.95 6.58
Distribution rate - - - - - 54.2% 76.5% 70.7%
Net sales 1 435.5 626.2 776.3 903.5 1,050 1,261 1,708 2,166
EBITDA 1 177.3 226.3 344.3 414.4 500.4 617.5 968.7 1,251
EBIT 1 78.96 78.1 178.7 258.4 309.9 414 654.3 780
Net income 1 -62.03 -120.7 50.17 60.9 60.14 227 357.5 621.6
Net Debt 1 175.9 774.4 854.7 1,482 1,200 1,480 964 128
Reference price 2 26.90 33.87 38.66 37.85 69.92 76.13 76.13 76.13
Nbr of stocks (in thousands) 71,500 71,500 82,951 82,951 96,127 96,127 - -
Announcement Date 31/03/22 30/03/23 28/03/24 01/04/25 26/03/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.96x6.98x14.25x1.64% 1.43B
36.71x5.17x15.52x0.83% 43.23B
-116.66x3.94x12.94x0.12% 14.49B
624.11x3.5x15.08x-.--% 6.07B
20x - - - 3.95B
39.08x1.7x8.39x2.84% 3.69B
27.49x3.98x11.33x1.77% 3.65B
16.01x - - - 3.51B
10.08x - - 4.35% 3.42B
Average 76.64x 4.21x 12.92x 1.65% 9.27B
Weighted average by Cap. 49.66x 4.58x 14.37x 0.95%

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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