LOCALIZA RENT A CAR S.A. Financials Localiza Rent a Car S.A.
Equities
RENT3
BRRENTACNOR4
Passenger Transportation, Ground & Sea
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 47.63 BRL | -0.52% |
|
-3.71% | -24.98% |
| May. 10 | Transcript : Localiza Rent a Car S.A., Q1 2024 Earnings Call, May 10, 2024 | |
| May. 09 | Localiza Rent a Car S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 35,821 | 51,794 | 39,866 | 52,057 | 67,087 | 50,819 | - | - |
| Enterprise Value (EV) 1 | 42,370 | 58,325 | 46,893 | 80,682 | 98,600 | 88,131 | 90,334 | 92,822 |
| P/E ratio | 42.9 x | 49.5 x | 19.6 x | 25.1 x | 36.1 x | 14.1 x | 10.5 x | 8.79 x |
| Yield | 0.81% | 0.5% | 0.79% | 1.96% | 2.41% | 1.69% | 2.2% | 4.54% |
| Capitalization / Revenue | 3.51 x | 5.02 x | 3.66 x | 2.93 x | 2.32 x | 1.33 x | 1.1 x | 0.97 x |
| EV / Revenue | 4.16 x | 5.66 x | 4.3 x | 4.54 x | 3.41 x | 2.3 x | 1.96 x | 1.78 x |
| EV / EBITDA | 19.1 x | 23.6 x | 12.7 x | 12.2 x | 9.37 x | 6.92 x | 6.04 x | 5.57 x |
| EV / FCF | -14.4 x | 155 x | -13.3 x | -8.56 x | -2.75 x | 157 x | 19.3 x | - |
| FCF Yield | -6.96% | 0.64% | -7.5% | -11.7% | -36.4% | 0.64% | 5.18% | - |
| Price to Book | 6.6 x | 8.57 x | 5.23 x | 2.53 x | 2.65 x | 1.76 x | 1.63 x | 1.57 x |
| Nbr of stocks (in thousands) | 755,567 | 751,177 | 752,191 | 978,523 | 1,054,821 | 1,061,391 | - | - |
| Reference price 2 | 47.41 | 68.95 | 53.00 | 53.20 | 63.60 | 47.88 | 47.88 | 47.88 |
| Announcement Date | 3/11/20 | 2/25/21 | 2/22/22 | 3/15/23 | 3/11/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,196 | 10,308 | 10,901 | 17,783 | 28,903 | 38,309 | 46,115 | 52,140 |
| EBITDA 1 | 2,213 | 2,468 | 3,698 | 6,589 | 10,523 | 12,736 | 14,953 | 16,668 |
| EBIT 1 | 1,490 | 1,802 | 3,224 | 4,530 | 5,898 | 8,532 | 10,157 | 11,600 |
| Operating Margin | 14.61% | 17.48% | 29.57% | 25.47% | 20.41% | 22.27% | 22.03% | 22.25% |
| Earnings before Tax (EBT) 1 | 1,080 | 1,427 | 2,903 | 2,419 | 1,874 | 5,036 | 6,204 | 8,234 |
| Net income 1 | 833.9 | 1,048 | 2,044 | 1,841 | 1,803 | 3,691 | 4,689 | 5,760 |
| Net margin | 8.18% | 10.17% | 18.75% | 10.35% | 6.24% | 9.63% | 10.17% | 11.05% |
| EPS 2 | 1.105 | 1.392 | 2.701 | 2.118 | 1.761 | 3.400 | 4.539 | 5.444 |
| Free Cash Flow 1 | -2,950 | 375.3 | -3,515 | -9,431 | -35,863 | 560 | 4,676 | - |
| FCF margin | -28.93% | 3.64% | -32.24% | -53.03% | -124.08% | 1.46% | 10.14% | - |
| FCF Conversion (EBITDA) | - | 15.2% | - | - | - | 4.4% | 31.27% | - |
| FCF Conversion (Net income) | - | 35.8% | - | - | - | 15.17% | 99.72% | - |
| Dividend per Share 2 | 0.3855 | 0.3475 | 0.4194 | 1.043 | 1.532 | 0.8100 | 1.054 | 2.172 |
| Announcement Date | 3/11/20 | 2/25/21 | 2/22/22 | 3/15/23 | 3/11/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,636 | 2,712 | 3,049 | 6,137 | 5,886 | 6,826 | 6,846 | 7,322 | 7,908 | 8,686 | 9,075 | 9,559 | 10,162 |
| EBITDA 1 | 935.4 | 1,139 | 1,117 | 2,278 | 2,055 | 2,623 | 2,346 | 2,675 | 2,879 | 2,920 | 3,013 | 3,169 | 3,430 |
| EBIT 1 | 773.6 | 952 | 892.5 | 1,459 | 1,226 | 1,640 | 820.3 | 1,632 | 1,807 | 1,851 | 1,896 | 2,033 | 2,283 |
| Operating Margin | 29.35% | 35.11% | 29.27% | 23.78% | 20.83% | 24.02% | 11.98% | 22.29% | 22.85% | 21.31% | 20.9% | 21.27% | 22.47% |
| Earnings before Tax (EBT) 1 | 617.6 | 725 | 626.2 | 589.9 | 477.8 | 569.7 | -277 | 749 | 832.5 | 866.4 | 953.1 | 1,124 | 1,372 |
| Net income 1 | 442.1 | 517.4 | 457.3 | 423.6 | 443.4 | 521.6 | -88.8 | 664.7 | 705.6 | 733.5 | 736.6 | 837.4 | 1,029 |
| Net margin | 16.77% | 19.08% | 15% | 6.9% | 7.53% | 7.64% | -1.3% | 9.08% | 8.92% | 8.44% | 8.12% | 8.76% | 10.13% |
| EPS 2 | 0.5859 | 0.6836 | 0.6037 | 0.4326 | 0.3979 | 0.5330 | -0.0890 | 0.6269 | 0.6598 | 0.6875 | 0.6927 | 0.7879 | 0.9662 |
| Dividend per Share 2 | 0.1292 | 0.1467 | - | 0.3549 | 0.3662 | - | - | - | 0.3829 | - | 0.3028 | 0.3028 | 0.3028 |
| Announcement Date | 2/22/22 | 5/2/22 | 8/11/22 | 11/15/22 | 3/15/23 | 5/15/23 | 8/14/23 | 11/13/23 | 3/11/24 | 5/9/24 | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,549 | 6,531 | 7,027 | 28,624 | 31,514 | 37,312 | 39,515 | 42,003 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.959 x | 2.646 x | 1.9 x | 4.344 x | 2.995 x | 2.93 x | 2.643 x | 2.52 x |
| Free Cash Flow 1 | -2,950 | 375 | -3,515 | -9,431 | -35,863 | 560 | 4,676 | - |
| ROE (net income / shareholders' equity) | 19.5% | 18.2% | 29.9% | 13.1% | 7.85% | 13.8% | 16.4% | 18.8% |
| ROA (Net income/ Total Assets) | 5% | 5.26% | 8.93% | 4.05% | 2.46% | 4.05% | 5.14% | - |
| Assets 1 | 16,678 | 19,916 | 22,877 | 45,405 | 73,300 | 91,091 | 91,194 | - |
| Book Value Per Share 2 | 7.180 | 8.050 | 10.10 | 21.00 | 24.00 | 27.20 | 29.50 | 30.40 |
| Cash Flow per Share 2 | -3.840 | 0.6400 | -4.450 | -10.40 | -9.670 | 7.860 | 8.810 | - |
| Capex 1 | 10,275 | 5,518 | 7,647 | 22,400 | 25,950 | 28,970 | 36,390 | - |
| Capex / Sales | 100.78% | 53.53% | 70.15% | 125.96% | 89.78% | 75.62% | 78.91% | - |
| Announcement Date | 3/11/20 | 2/25/21 | 2/22/22 | 3/15/23 | 3/11/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
47.88
BRL
Average target price
73.92
BRL
Spread / Average Target
+54.39%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.72% | 9.92B | |
| -31.20% | 4.35B | |
| -19.27% | 3.8B | |
| -47.26% | 1.68B | |
| +2.03% | 1.53B | |
| -11.70% | 1.29B | |
| -2.74% | 734M | |
| -1.98% | 736M | |
| +36.36% | 509M | |
| -41.04% | 489M |
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- Financials Localiza Rent a Car S.A.