Market Closed -
Sao Paulo
04:06:00 2024-04-26 pm EDT
|
5-day change
|
1st Jan Change
|
24.33
BRL
|
+8.33%
|
|
+9.25%
|
+8.66%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,217
|
1,943
|
1,843
|
2,330
|
3,867
|
4,202
|
-
|
-
|
Enterprise Value (EV)
1 |
2,319
|
2,099
|
2,035
|
2,515
|
3,867
|
4,489
|
4,499
|
4,817
|
P/E ratio
|
22.4
x
|
17.2
x
|
11.7
x
|
11.2
x
|
11
x
|
8.05
x
|
6.53
x
|
6.46
x
|
Yield
|
3.33%
|
6.19%
|
5.43%
|
7.48%
|
-
|
2.96%
|
7.91%
|
11.3%
|
Capitalization / Revenue
|
1.52
x
|
1.29
x
|
1.04
x
|
1.08
x
|
1.64
x
|
1.28
x
|
1.03
x
|
0.96
x
|
EV / Revenue
|
1.59
x
|
1.4
x
|
1.15
x
|
1.16
x
|
1.64
x
|
1.37
x
|
1.1
x
|
1.1
x
|
EV / EBITDA
|
9.65
x
|
7.47
x
|
5.38
x
|
5.75
x
|
7.07
x
|
5.81
x
|
4.66
x
|
4.69
x
|
EV / FCF
|
10.4
x
|
7.67
x
|
22.8
x
|
13.9
x
|
-
|
-30.3
x
|
-52.9
x
|
15
x
|
FCF Yield
|
9.65%
|
13%
|
4.39%
|
7.2%
|
-
|
-3.3%
|
-1.89%
|
6.68%
|
Price to Book
|
1.77
x
|
1.57
x
|
1.46
x
|
1.75
x
|
-
|
1.82
x
|
1.72
x
|
1.31
x
|
Nbr of stocks (in thousands)
|
147,806
|
148,400
|
145,006
|
148,985
|
172,694
|
172,694
|
-
|
-
|
Reference price
2 |
15.00
|
13.09
|
12.71
|
15.64
|
22.39
|
24.33
|
24.33
|
24.33
|
Announcement Date
|
3/9/20
|
3/15/21
|
3/14/22
|
3/13/23
|
3/11/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,458
|
1,501
|
1,776
|
2,163
|
2,355
|
3,281
|
4,095
|
4,394
|
EBITDA
1 |
240.2
|
281.1
|
378.2
|
437.7
|
547
|
773
|
965.8
|
1,028
|
EBIT
1 |
204.3
|
239.6
|
326.9
|
384.3
|
486.3
|
689.3
|
857.4
|
963.6
|
Operating Margin
|
14.01%
|
15.97%
|
18.4%
|
17.77%
|
20.65%
|
21.01%
|
20.94%
|
21.93%
|
Earnings before Tax (EBT)
1 |
153.8
|
181.2
|
244.3
|
322.4
|
436.9
|
603.3
|
728
|
828.5
|
Net income
1 |
100.5
|
113.1
|
159.5
|
208.8
|
331.6
|
508
|
631.7
|
653.6
|
Net margin
|
6.89%
|
7.53%
|
8.98%
|
9.66%
|
14.08%
|
15.49%
|
15.43%
|
14.87%
|
EPS
2 |
0.6700
|
0.7600
|
1.090
|
1.400
|
2.030
|
3.024
|
3.724
|
3.767
|
Free Cash Flow
1 |
223.7
|
273.7
|
89.42
|
181
|
-
|
-148
|
-85
|
322
|
FCF margin
|
15.34%
|
18.24%
|
5.03%
|
8.37%
|
-
|
-4.51%
|
-2.08%
|
7.33%
|
FCF Conversion (EBITDA)
|
93.14%
|
97.37%
|
23.64%
|
41.35%
|
-
|
-
|
-
|
31.32%
|
FCF Conversion (Net income)
|
222.68%
|
242.03%
|
56.06%
|
86.67%
|
-
|
-
|
-
|
49.27%
|
Dividend per Share
2 |
0.5000
|
0.8100
|
0.6900
|
1.170
|
-
|
0.7194
|
1.925
|
2.745
|
Announcement Date
|
3/9/20
|
3/15/21
|
3/14/22
|
3/13/23
|
3/11/24
|
-
|
-
|
-
|
Fiscal Period: December |
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 |
453.4
|
487
|
468.1
|
586.1
|
574.4
|
534
|
557.3
|
605.4
|
557.7
|
634.8
|
734.6
|
793.9
|
893.4
|
953.1
|
1,060
|
EBITDA
1 |
100.7
|
109.8
|
97.03
|
118.9
|
107.8
|
113.8
|
121
|
134.2
|
139.6
|
152.2
|
162.8
|
184.8
|
207.5
|
220.9
|
238.9
|
EBIT
1 |
87.66
|
96.1
|
82.85
|
105.3
|
95.01
|
101
|
107.5
|
117.1
|
123
|
138.9
|
145.5
|
165
|
191.8
|
208.8
|
212.7
|
Operating Margin
|
19.34%
|
19.73%
|
17.7%
|
17.96%
|
16.54%
|
18.91%
|
19.29%
|
19.34%
|
22.06%
|
21.88%
|
19.8%
|
20.79%
|
21.47%
|
21.91%
|
20.06%
|
Earnings before Tax (EBT)
1 |
-
|
-
|
-
|
-
|
-
|
-
|
83.6
|
128.3
|
96.97
|
128
|
109.8
|
122.3
|
138.9
|
159.4
|
201.6
|
Net income
1 |
47.18
|
44.53
|
27.43
|
55.14
|
63.26
|
76.88
|
58.75
|
104.4
|
68.76
|
99.61
|
92.43
|
105.8
|
122.1
|
141.3
|
164.2
|
Net margin
|
10.41%
|
9.14%
|
5.86%
|
9.41%
|
11.01%
|
14.4%
|
10.54%
|
17.25%
|
12.33%
|
15.69%
|
12.58%
|
13.33%
|
13.67%
|
14.83%
|
15.49%
|
EPS
2 |
0.3200
|
0.3100
|
0.1800
|
0.2800
|
0.4200
|
0.5200
|
0.3900
|
0.6900
|
0.4300
|
0.5700
|
0.6242
|
0.7270
|
0.8233
|
0.8940
|
0.9511
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1.826
|
-
|
-
|
-
|
Announcement Date
|
11/8/21
|
3/14/22
|
5/5/22
|
8/8/22
|
11/7/22
|
3/13/23
|
5/8/23
|
8/7/23
|
11/7/23
|
3/11/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
102
|
157
|
192
|
185
|
-
|
288
|
298
|
615
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.4233
x
|
0.5584
x
|
0.5083
x
|
0.4227
x
|
-
|
0.372
x
|
0.308
x
|
0.5984
x
|
Free Cash Flow
1 |
224
|
274
|
89.4
|
181
|
-
|
-148
|
-85
|
322
|
ROE (net income / shareholders' equity)
|
7.91%
|
9.11%
|
11%
|
16%
|
-
|
23.5%
|
27.1%
|
21.4%
|
ROA (Net income/ Total Assets)
|
2.16%
|
2.32%
|
3.08%
|
3.42%
|
-
|
6.47%
|
7.27%
|
7.16%
|
Assets
1 |
4,653
|
4,878
|
5,182
|
6,107
|
-
|
7,847
|
8,693
|
9,125
|
Book Value Per Share
2 |
8.500
|
8.360
|
8.710
|
8.930
|
-
|
13.40
|
14.10
|
18.60
|
Cash Flow per Share
2 |
1.610
|
1.920
|
0.7100
|
1.470
|
-
|
-0.6200
|
-
|
-
|
Capex
1 |
16.8
|
11.7
|
14.2
|
39.4
|
-
|
98
|
121
|
152
|
Capex / Sales
|
1.15%
|
0.78%
|
0.8%
|
1.82%
|
-
|
2.99%
|
2.95%
|
3.46%
|
Announcement Date
|
3/9/20
|
3/15/21
|
3/14/22
|
3/13/23
|
3/11/24
|
-
|
-
|
-
|
Last Close Price
24.33
BRL Average target price
28.75
BRL Spread / Average Target +18.19% Consensus |
1st Jan change
|
Capi.
|
---|
| +8.66% | 820M | | -9.36% | 22.5B | | +9.02% | 10.79B | | -34.32% | 10.32B | | -28.99% | 7.2B | | -5.56% | 7.01B | | -0.34% | 6.53B | | -3.03% | 6.09B | | +12.96% | 3.57B | | -5.92% | 3.54B |
Residential Real Estate Development
|