Market Closed -
Sao Paulo
04:07:00 2024-04-30 pm EDT
|
5-day change
|
1st Jan Change
|
12.33
BRL
|
-1.20%
|
|
-1.36%
|
-13.05%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
38,340
|
27,209
|
23,412
|
21,856
|
28,600
|
24,869
|
-
|
-
|
Enterprise Value (EV)
1 |
52,378
|
41,221
|
44,294
|
42,619
|
51,906
|
52,678
|
54,205
|
54,460
|
P/E ratio
|
26.7
x
|
142
x
|
33.7
x
|
5.29
x
|
16.8
x
|
14.5
x
|
13
x
|
11.1
x
|
Yield
|
2.48%
|
2.04%
|
0.69%
|
-
|
-
|
2.21%
|
3.17%
|
5.54%
|
Capitalization / Revenue
|
3.78
x
|
2.91
x
|
2
x
|
1.19
x
|
1.82
x
|
1.68
x
|
1.68
x
|
1.62
x
|
EV / Revenue
|
5.17
x
|
4.41
x
|
3.78
x
|
2.32
x
|
3.3
x
|
3.55
x
|
3.66
x
|
3.55
x
|
EV / EBITDA
|
8.44
x
|
8.25
x
|
6
x
|
3.35
x
|
6.23
x
|
5.86
x
|
5.8
x
|
5.48
x
|
EV / FCF
|
15.4
x
|
14.2
x
|
-9.06
x
|
12.1
x
|
38.5
x
|
-103
x
|
22.2
x
|
-
|
FCF Yield
|
6.48%
|
7.06%
|
-11%
|
8.25%
|
2.6%
|
-0.97%
|
4.51%
|
-
|
Price to Book
|
4.71
x
|
3.51
x
|
2.83
x
|
1.91
x
|
2.3
x
|
1.79
x
|
1.73
x
|
1.66
x
|
Nbr of stocks (in thousands)
|
2,020,000
|
2,020,000
|
2,019,998
|
2,019,998
|
2,016,918
|
2,016,918
|
-
|
-
|
Reference price
2 |
18.98
|
13.47
|
11.59
|
10.82
|
14.18
|
12.33
|
12.33
|
12.33
|
Announcement Date
|
3/5/20
|
3/4/21
|
2/24/22
|
2/15/23
|
2/8/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
10,140
|
9,356
|
11,723
|
18,382
|
15,744
|
14,843
|
14,811
|
15,344
|
EBITDA
1 |
6,207
|
4,997
|
7,388
|
12,735
|
8,338
|
8,988
|
9,345
|
9,941
|
EBIT
1 |
3,736
|
2,216
|
3,840
|
10,362
|
6,434
|
6,170
|
6,701
|
6,940
|
Operating Margin
|
36.84%
|
23.69%
|
32.76%
|
56.37%
|
40.87%
|
41.57%
|
45.24%
|
45.23%
|
Earnings before Tax (EBT)
1 |
2,308
|
681.4
|
1,880
|
7,005
|
3,011
|
3,020
|
2,449
|
4,067
|
Net income
1 |
1,438
|
191
|
695.6
|
4,133
|
1,705
|
1,579
|
1,803
|
2,169
|
Net margin
|
14.18%
|
2.04%
|
5.93%
|
22.48%
|
10.83%
|
10.64%
|
12.18%
|
14.14%
|
EPS
2 |
0.7100
|
0.0946
|
0.3444
|
2.046
|
0.8440
|
0.8488
|
0.9514
|
1.110
|
Free Cash Flow
1 |
3,394
|
2,909
|
-4,889
|
3,516
|
1,348
|
-511
|
2,445
|
-
|
FCF margin
|
33.47%
|
31.09%
|
-41.71%
|
19.12%
|
8.56%
|
-3.44%
|
16.51%
|
-
|
FCF Conversion (EBITDA)
|
54.68%
|
58.21%
|
-
|
27.61%
|
16.17%
|
-
|
26.16%
|
-
|
FCF Conversion (Net income)
|
235.98%
|
1,522.85%
|
-
|
85.06%
|
79.06%
|
-
|
135.57%
|
-
|
Dividend per Share
2 |
0.4700
|
0.2746
|
0.0800
|
-
|
-
|
0.2724
|
0.3908
|
0.6828
|
Announcement Date
|
3/5/20
|
3/4/21
|
2/24/22
|
2/15/23
|
2/8/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019 S2
|
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 |
5,700
|
2,723
|
2,994
|
8,169
|
3,272
|
3,484
|
3,457
|
3,799
|
3,293
|
3,623
|
4,676
|
3,609
|
3,480
|
3,820
|
3,830
|
-
|
EBITDA
1 |
3,445
|
1,724
|
1,579
|
7,027
|
1,918
|
2,606
|
1,183
|
1,975
|
1,756
|
1,713
|
2,062
|
2,104
|
2,093
|
2,288
|
2,207
|
-
|
EBIT
1 |
2,107
|
957.3
|
685.2
|
6,480
|
1,393
|
1,783
|
705.9
|
1,600
|
1,403
|
1,317
|
1,895
|
1,481
|
1,460
|
1,639
|
1,449
|
-
|
Operating Margin
|
36.96%
|
35.15%
|
22.89%
|
79.33%
|
42.57%
|
51.17%
|
20.42%
|
42.13%
|
42.62%
|
36.34%
|
40.52%
|
41.03%
|
41.95%
|
42.9%
|
37.84%
|
-
|
Earnings before Tax (EBT)
|
-
|
464.2
|
6.421
|
5,548
|
629.2
|
953.3
|
-125.4
|
964.2
|
313
|
494.7
|
1,076
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
732.8
|
183.9
|
-133.2
|
3,452
|
291.3
|
606.5
|
-217.1
|
629.3
|
270.2
|
251.5
|
553.8
|
316.1
|
240.7
|
375.2
|
389.5
|
-
|
Net margin
|
12.86%
|
6.75%
|
-4.45%
|
42.26%
|
8.9%
|
17.41%
|
-6.28%
|
16.57%
|
8.21%
|
6.94%
|
11.84%
|
8.76%
|
6.92%
|
9.82%
|
10.17%
|
-
|
EPS
2 |
-
|
0.0910
|
-0.0700
|
1.709
|
0.1442
|
0.3002
|
-0.1079
|
0.3116
|
0.1338
|
0.1247
|
0.2741
|
0.1920
|
0.1762
|
0.2362
|
0.2003
|
-
|
Dividend per Share
2 |
-
|
-
|
0.0800
|
-
|
-
|
0.2900
|
-
|
-
|
-
|
-
|
-
|
-
|
0.1755
|
-
|
-
|
0.1627
|
Announcement Date
|
3/5/20
|
11/12/21
|
2/24/22
|
5/12/22
|
8/11/22
|
11/10/22
|
2/15/23
|
5/4/23
|
8/3/23
|
10/31/23
|
2/8/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
14,039
|
14,012
|
20,882
|
20,763
|
23,306
|
27,810
|
29,336
|
29,591
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
2.262
x
|
2.804
x
|
2.827
x
|
1.63
x
|
2.795
x
|
3.094
x
|
3.139
x
|
2.977
x
|
Free Cash Flow
1 |
3,394
|
2,909
|
-4,889
|
3,516
|
1,348
|
-511
|
2,445
|
-
|
ROE (net income / shareholders' equity)
|
17.6%
|
2.41%
|
8.69%
|
41.9%
|
13.6%
|
12.8%
|
15.1%
|
15.1%
|
ROA (Net income/ Total Assets)
|
4.49%
|
0.57%
|
1.86%
|
8.99%
|
3.17%
|
3.07%
|
3.13%
|
2.73%
|
Assets
1 |
32,039
|
33,351
|
37,400
|
45,952
|
53,777
|
51,419
|
57,712
|
79,401
|
Book Value Per Share
2 |
4.030
|
3.830
|
4.090
|
5.680
|
6.170
|
6.880
|
7.130
|
7.440
|
Cash Flow per Share
2 |
2.410
|
2.060
|
2.270
|
3.510
|
3.380
|
1.890
|
2.430
|
-
|
Capex
1 |
1,472
|
1,243
|
9,480
|
3,580
|
5,470
|
7,396
|
5,319
|
3,815
|
Capex / Sales
|
14.52%
|
13.29%
|
80.86%
|
19.48%
|
34.74%
|
49.83%
|
35.91%
|
24.87%
|
Announcement Date
|
3/5/20
|
3/4/21
|
2/24/22
|
2/15/23
|
2/8/24
|
-
|
-
|
-
|
Last Close Price
12.33
BRL Average target price
17.21
BRL Spread / Average Target +39.57% Consensus |
1st Jan change
|
Capi.
|
---|
| -13.05% | 4.81B | | -8.46% | 25.18B | | +0.22% | 20.21B | | +13.41% | 10.44B | | +9.69% | 7.05B | | +5.41% | 6.54B | | +25.94% | 5.84B | | -9.52% | 4.89B | | -5.11% | 4.19B | | -1.54% | 3.93B |
Highway Operators
|