EZTEC EMPREENDIMENTOS E PARTICIPAÇÕES S.A. Financials EZTEC Empreendimentos e Participações S.A.
Equities
EZTC3
BREZTCACNOR0
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.24 BRL | +4.94% |
|
+5.56% | -23.85% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,781 | 9,738 | 4,609 | 2,929 | 4,079 | 3,043 | - | - |
| Enterprise Value (EV) 1 | 10,530 | 8,678 | 3,741 | 2,688 | 4,173 | 2,083 | 2,162 | 1,890 |
| P/E ratio | 36.3 x | 24 x | 10.8 x | 9.07 x | 17.3 x | 8.79 x | 7 x | 6.97 x |
| Yield | 0.83% | 0.99% | 2.25% | 2.61% | - | 6.36% | 44.1% | 6.12% |
| Capitalization / Revenue | 14.6 x | 10.4 x | 4.81 x | 2.61 x | 3.77 x | 2.27 x | 1.99 x | 1.9 x |
| EV / Revenue | 13.1 x | 9.27 x | 3.91 x | 2.4 x | 3.85 x | 1.55 x | 1.41 x | 1.18 x |
| EV / EBITDA | 45.5 x | 30.6 x | 11.7 x | 10.7 x | 20 x | 8.13 x | 6.26 x | 5.42 x |
| EV / FCF | 132 x | -75.1 x | -146 x | -7.31 x | -18 x | -7.86 x | 56.9 x | 4.47 x |
| FCF Yield | 0.76% | -1.33% | -0.68% | -13.7% | -5.56% | -12.7% | 1.76% | 22.4% |
| Price to Book | 3.13 x | 2.39 x | 1.06 x | 0.66 x | 0.88 x | 0.63 x | 0.63 x | 0.56 x |
| Nbr of stocks (in thousands) | 227,000 | 227,000 | 225,357 | 218,126 | 218,126 | 218,126 | - | - |
| Reference price 2 | 51.90 | 42.90 | 20.45 | 13.43 | 18.70 | 13.95 | 13.95 | 13.95 |
| Announcement Date | 3/19/20 | 3/16/21 | 3/17/22 | 3/16/23 | 3/14/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 804.4 | 936.6 | 957.9 | 1,121 | 1,083 | 1,342 | 1,531 | 1,599 |
| EBITDA 1 | 231.6 | 283.3 | 320.7 | 251.6 | 208.8 | 256.1 | 345.3 | 348.9 |
| EBIT 1 | 220.1 | 266.1 | 309.7 | 239.7 | 189.1 | 243.8 | 307.9 | 317.7 |
| Operating Margin | 27.36% | 28.41% | 32.34% | 21.38% | 17.46% | 18.16% | 20.1% | 19.87% |
| Earnings before Tax (EBT) 1 | 313.2 | 434.2 | 478.2 | 377.9 | 273.9 | 465 | 532.2 | 498 |
| Net income 1 | 281.1 | 405.2 | 430.1 | 324.7 | 239.5 | 399.3 | 475.5 | 442.5 |
| Net margin | 34.94% | 43.26% | 44.9% | 28.96% | 22.11% | 29.75% | 31.05% | 27.68% |
| EPS 2 | 1.430 | 1.790 | 1.900 | 1.480 | 1.080 | 1.587 | 1.994 | 2.002 |
| Free Cash Flow 1 | 79.82 | -115.5 | -25.57 | -367.8 | -232 | -265 | 38 | 423 |
| FCF margin | 9.92% | -12.33% | -2.67% | -32.8% | -21.42% | -19.75% | 2.48% | 26.46% |
| FCF Conversion (EBITDA) | 34.47% | - | - | - | - | - | 11% | 121.24% |
| FCF Conversion (Net income) | 28.4% | - | - | - | - | - | 7.99% | 95.6% |
| Dividend per Share 2 | 0.4300 | 0.4240 | 0.4600 | 0.3500 | - | 0.8870 | 6.150 | 0.8535 |
| Announcement Date | 3/19/20 | 3/16/21 | 3/17/22 | 3/16/23 | 3/14/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| 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 | 297.8 | 176.4 | 287.2 | 242.6 | 280.6 | 310.9 | 250.8 | 242.7 | 251.7 | 337.9 | 253.6 | 311.9 | 321.6 | 322.4 | 327.8 |
| EBITDA 1 | 119.1 | 53.21 | 79.96 | 51.29 | 92.43 | 28.24 | 33.54 | 65 | 37.92 | 72.38 | 39.46 | 51.94 | 65.09 | 64.45 | 84 |
| EBIT 1 | 116.5 | 50.35 | - | 48.74 | 88.78 | 25.23 | 29.19 | 58.2 | 31.19 | 70.5 | 27.9 | 50.71 | 63.86 | 63.22 | 82.56 |
| Operating Margin | 39.14% | 28.54% | - | 20.09% | 31.63% | 8.12% | 11.64% | 23.98% | 12.39% | 20.86% | 11% | 16.26% | 19.86% | 19.61% | 25.18% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | 53.51 | 81.3 | 44.91 | 94.23 | 92.51 | 82.97 | 84.64 | 87.59 | 102.2 |
| Net income 1 | 145.2 | 72.48 | 104.6 | 83.12 | 105.4 | 31.51 | 42.22 | 75.33 | 39.11 | 82.8 | 82.42 | 72.62 | 74.04 | 76.82 | 91.76 |
| Net margin | 48.78% | 41.09% | 36.44% | 34.27% | 37.57% | 10.14% | 16.84% | 31.04% | 15.54% | 24.5% | 32.5% | 23.28% | 23.03% | 23.83% | 27.99% |
| EPS 2 | 0.6400 | 0.3300 | 0.4700 | 0.3800 | 0.4800 | 0.1500 | 0.1900 | 0.3500 | 0.1800 | 0.3600 | 0.3779 | 0.3215 | 0.3447 | 0.3811 | 0.4207 |
| Dividend per Share 2 | - | - | - | - | - | - | - | 0.0800 | - | - | - | 0.2655 | - | - | - |
| Announcement Date | 11/11/21 | 3/17/22 | 5/12/22 | 8/11/22 | 11/10/22 | 3/16/23 | 5/11/23 | 8/10/23 | 11/9/23 | 3/14/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 93.9 | - | - | - |
| Net Cash position 1 | 1,251 | 1,060 | 868 | 241 | - | 960 | 881 | 1,153 |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.4496 x | - | - | - |
| Free Cash Flow 1 | 79.8 | -116 | -25.6 | -368 | -232 | -265 | 38 | 423 |
| ROE (net income / shareholders' equity) | 10.8% | 10.3% | 10.3% | 7.42% | 5.25% | 7.74% | 9.88% | 8.3% |
| ROA (Net income/ Total Assets) | 7.75% | 9.01% | 8.79% | 4.14% | 4.2% | 5.12% | 6.12% | 6.57% |
| Assets 1 | 3,625 | 4,496 | 4,896 | 7,842 | 5,706 | 7,804 | 7,773 | 6,732 |
| Book Value Per Share 2 | 16.60 | 17.90 | 19.30 | 20.40 | 21.30 | 22.10 | 22.20 | 24.70 |
| Cash Flow per Share 2 | 0.4300 | - | 0.9900 | -1.590 | -1.050 | 1.660 | -1.430 | - |
| Capex 1 | 3.94 | 55.8 | 34.6 | 18.1 | 3.45 | 14 | 19.1 | 35 |
| Capex / Sales | 0.49% | 5.96% | 3.61% | 1.61% | 0.32% | 1.04% | 1.25% | 2.19% |
| Announcement Date | 3/19/20 | 3/16/21 | 3/17/22 | 3/16/23 | 3/14/24 | - | - | - |
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
HOLD
Number of Analysts
10
Last Close Price
13.95
BRL
Average target price
20.9
BRL
Spread / Average Target
+49.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -23.85% | 594M | |
| -8.37% | 22.5B | |
| +8.24% | 10.79B | |
| -27.72% | 10.32B | |
| -27.74% | 7.2B | |
| -5.56% | 7.01B | |
| -0.34% | 6.53B | |
| -2.27% | 6.09B | |
| +12.96% | 3.57B | |
| -5.92% | 3.54B |
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- EZTC3 Stock
- Financials EZTEC Empreendimentos e Participações S.A.
