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

Equities

INTB3

BRINTBACNOR9

Communications & Networking

Market Closed - Sao Paulo 04:07:50 2024-05-24 pm EDT 5-day change 1st Jan Change
23.76 BRL +27.74% Intraday chart for Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira +0.76% +8.00%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 9,163 9,976 7,207 7,784 - -
Enterprise Value (EV) 1 8,662 9,506 6,829 7,270 7,065 6,891
P/E ratio 25.1 x 20.8 x 13.3 x 12.9 x 11 x 9.38 x
Yield 1.22% 1.56% 2.83% 4.85% 4.84% 3.52%
Capitalization / Revenue 2.97 x 2.36 x 1.76 x 1.69 x 1.49 x 1.33 x
EV / Revenue 2.81 x 2.25 x 1.66 x 1.58 x 1.36 x 1.17 x
EV / EBITDA 21.5 x 17.8 x 11.4 x 10.6 x 8.93 x 7.71 x
EV / FCF - - 18.1 x 23.6 x 11.4 x 10.2 x
FCF Yield - - 5.53% 4.24% 8.8% 9.79%
Price to Book 4.82 x 4.47 x 2.77 x 2.63 x 2.34 x 2.02 x
Nbr of stocks (in thousands) 327,611 327,611 327,611 327,611 - -
Reference price 2 27.97 30.45 22.00 23.76 23.76 23.76
Announcement Date 2/24/22 2/28/23 2/28/24 - - -
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 4,595 5,210 5,866
EBITDA 1 - 356.8 403.2 533 600.6 687.8 791.4 893.4
EBIT 1 - 333.4 362.6 463.4 521.3 596.4 686.6 755.5
Operating Margin - 15.62% 11.75% 10.95% 12.7% 12.98% 13.18% 12.88%
Earnings before Tax (EBT) 1 - - 370.5 470.1 516.7 593.8 727.4 828.9
Net income 1 - - 363.5 479.2 545.6 599.6 705.8 822.3
Net margin - - 11.77% 11.32% 13.29% 13.05% 13.55% 14.02%
EPS 2 6.900 - 1.112 1.466 1.660 1.844 2.166 2.534
Free Cash Flow 1 - 191.2 - - 377.8 308 621.5 675
FCF margin - 8.96% - - 9.21% 6.7% 11.93% 11.51%
FCF Conversion (EBITDA) - 53.59% - - 62.91% 44.78% 78.53% 75.56%
FCF Conversion (Net income) - - - - 69.25% 51.36% 88.05% 82.09%
Dividend per Share 2 - - 0.3422 0.4744 0.6233 1.153 1.149 0.8355
Announcement Date 7/1/20 3/23/21 2/24/22 2/28/23 2/28/24 - - -
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 1,095 1,142 1,298 1,245 1,305
EBITDA 1 116 105 119 148.6 160.4 143.9 137.7 128.2 190.7 167 163.5 169.5 191.5 181.4 182.9
EBIT 1 - - - 132.3 137.2 125.9 118.8 107.9 168.7 145 141.9 146.9 168.2 156.3 159.4
Operating Margin - - - 11.68% 11.27% 12.15% 12.23% 11.56% 14.51% 13.96% 12.96% 12.86% 12.96% 12.56% 12.22%
Earnings before Tax (EBT) 1 - - - - - - - 102.6 174.2 154.4 155 159.4 173.8 - -
Net income 1 100.2 98.57 96.78 122.7 161.2 132.1 118 111 184.5 154 145.9 151.3 178.5 157.6 158.7
Net margin 11.05% 11.38% 9.53% 10.83% 13.24% 12.74% 12.16% 11.88% 15.87% 14.82% 13.32% 13.25% 13.75% 12.66% 12.16%
EPS 2 - - - 0.3700 0.4914 0.4000 0.3600 0.3400 0.5600 0.4700 0.4465 0.4627 0.5440 0.4787 0.4844
Dividend per Share 2 - - - - 0.1505 - 0.1656 - - - 0.0433 0.0433 0.5245 0.0497 0.0497
Announcement Date 2/24/22 5/2/22 7/27/22 10/31/22 2/28/23 5/2/23 7/27/23 10/30/23 2/28/24 4/29/24 - - - - -
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 - 251 502 470 379 514 719 893
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - 191 - - 378 308 622 675
ROE (net income / shareholders' equity) - 32.3% 25.3% 23.2% 22.6% 21.4% 22.5% 23.7%
ROA (Net income/ Total Assets) - - - - - 12.1% 12.1% 12.9%
Assets 1 - - - - - 4,973 5,851 6,399
Book Value Per Share 2 - 34.70 5.800 6.810 7.940 9.050 10.10 11.70
Cash Flow per Share 2 - - - - 1.680 1.540 2.210 -
Capex 1 - 47.1 - 275 171 175 159 179
Capex / Sales - 2.21% - 6.5% 4.17% 3.81% 3.05% 3.04%
Announcement Date 7/1/20 3/23/21 2/24/22 2/28/23 2/28/24 - - -
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
23.76 BRL
Average target price
29 BRL
Spread / Average Target
+22.05%
Consensus
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