HIDROVIAS DO BRASIL S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.32 BRL | +3.10% |
|
+4.35% | +9.64% |
| Mar. 25 | Deals of the day-Mergers and acquisitions | RE |
| Mar. 25 | Brazil's Ultrapar increases stake in logistics firm Hidrovias | RE |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,247 | 2,623 | 1,718 | 2,996 | 3,285 | - | - |
| Enterprise Value (EV) 1 | 7,939 | 6,604 | 5,250 | 6,202 | 6,562 | 3,285 | 3,285 |
| P/E ratio | -49.2 x | -7.74 x | -211 x | 174 x | 17 x | 9.2 x | 7.66 x |
| Yield | - | - | - | - | 1.62% | - | - |
| Capitalization / Revenue | 3.59 x | 2.35 x | 0.97 x | 1.56 x | 1.49 x | 1.35 x | 1.27 x |
| EV / Revenue | 5.43 x | 5.92 x | 2.97 x | 3.22 x | 2.97 x | 1.35 x | 1.27 x |
| EV / EBITDA | 12.8 x | 10.8 x | 6.94 x | 7.95 x | 7 x | 2.86 x | 2.65 x |
| EV / FCF | -124 x | -14.2 x | 22.5 x | - | 134 x | 8.32 x | 5.56 x |
| FCF Yield | -0.81% | -7.04% | 4.45% | - | 0.75% | 12% | 18% |
| Price to Book | 3.44 x | 2.1 x | 1.29 x | - | 1.92 x | - | - |
| Nbr of stocks (in thousands) | 760,383 | 760,383 | 760,383 | 760,383 | 760,383 | - | - |
| Reference price 2 | 6.900 | 3.450 | 2.260 | 3.940 | 4.320 | 4.320 | 4.320 |
| Announcement Date | 3/15/21 | 3/23/22 | 3/21/23 | 3/20/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,462 | 1,115 | 1,768 | 1,924 | 2,207 | 2,440 | 2,584 |
| EBITDA 1 | 620.6 | 611.7 | 756.9 | 780.3 | 937.3 | 1,150 | 1,241 |
| EBIT 1 | 389.2 | 273 | 457.1 | 390.3 | 617.9 | 780.8 | 880.5 |
| Operating Margin | 26.62% | 24.48% | 25.86% | 20.28% | 28% | 32% | 34.08% |
| Earnings before Tax (EBT) 1 | -48.36 | -298.6 | 83.74 | 69.75 | 283.3 | 517.9 | 649.9 |
| Net income 1 | -105.5 | -339.1 | -8.163 | 17.6 | 193 | 375.6 | 429 |
| Net margin | -7.22% | -30.4% | -0.46% | 0.91% | 8.75% | 15.4% | 16.6% |
| EPS 2 | -0.1403 | -0.4460 | -0.0107 | 0.0227 | 0.2544 | 0.4698 | 0.5641 |
| Free Cash Flow 1 | -64.21 | -464.9 | 233.6 | - | 49 | 395 | 591 |
| FCF margin | -4.39% | -41.68% | 13.21% | - | 2.22% | 16.19% | 22.87% |
| FCF Conversion (EBITDA) | - | - | 30.86% | - | 5.23% | 34.36% | 47.62% |
| FCF Conversion (Net income) | - | - | - | - | 25.39% | 105.15% | 137.78% |
| Dividend per Share 2 | - | - | - | - | 0.0700 | - | - |
| Announcement Date | 3/15/21 | 3/23/22 | 3/21/23 | 3/20/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 266.8 | 182.1 | 456.7 | 412.3 | 453.3 | 445.6 | 478.1 | 597.5 | 487 | 361.8 | 446.2 | 625.2 | 615.8 | 438.5 |
| EBITDA 1 | 175.8 | 84.8 | 156.8 | 267.8 | 221.7 | 110.7 | 211.3 | 327.5 | 262.2 | 7.8 | 164.6 | 327.9 | 308.8 | 138.5 |
| EBIT 1 | - | - | - | - | - | - | - | 243.2 | 104.4 | -83.5 | 73.6 | 234 | 214.5 | 44.18 |
| Operating Margin | - | - | - | - | - | - | - | 40.7% | 21.44% | -23.08% | 16.5% | 37.43% | 34.83% | 10.08% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | -152.8 | -21.98 | 142.5 | 139.9 | 3.183 |
| Net income 1 | -66.89 | -187 | 33.24 | 22.04 | 92.65 | - | 20.07 | 131.8 | 71.3 | -191.6 | -0.2519 | 94.05 | 105.5 | 2.1 |
| Net margin | -25.07% | -102.7% | 7.28% | 5.35% | 20.44% | - | 4.2% | 22.06% | 14.64% | -52.95% | -0.06% | 15.04% | 17.13% | 0.48% |
| EPS 2 | - | - | - | - | - | - | - | 0.1550 | 0.0919 | -0.2471 | -0.0191 | 0.1237 | 0.1407 | 0.002760 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/16/21 | 3/23/22 | 5/16/22 | 8/11/22 | 11/10/22 | 3/21/23 | 5/11/23 | 8/14/23 | 11/13/23 | 3/20/24 | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,692 | 3,980 | 3,531 | 3,206 | 3,278 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.338 x | 6.507 x | 4.665 x | 4.108 x | 3.497 x | - | - |
| Free Cash Flow 1 | -64.2 | -465 | 234 | - | 49 | 395 | 591 |
| ROE (net income / shareholders' equity) | -6.88% | -24.5% | 6.17% | 1.3% | 12.6% | 21% | 20.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 2.010 | 1.640 | 1.750 | - | 2.250 | - | - |
| Cash Flow per Share 2 | 0.3100 | 0.0600 | 0.6800 | 0.5700 | 0.6700 | 0.7200 | - |
| Capex 1 | 303 | 1,098 | 281 | 274 | 400 | 300 | 200 |
| Capex / Sales | 20.7% | 98.47% | 15.89% | 14.24% | 18.12% | 12.3% | 7.74% |
| Announcement Date | 3/15/21 | 3/23/22 | 3/21/23 | 3/20/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
4.32
BRL
Average target price
8.56
BRL
Spread / Average Target
+98.15%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +9.64% | 641M | |
| +24.30% | 31.49B | |
| +21.91% | 23.83B | |
| -14.91% | 23.03B | |
| -3.80% | 12.27B | |
| +4.34% | 10.85B | |
| +45.92% | 9.64B | |
| +3.71% | 9.39B | |
| +3.13% | 7.96B | |
| -22.98% | 7.55B |
- Stock Market
- Equities
- HBSA3 Stock
- Financials Hidrovias do Brasil S.A.
