IRB - BRASIL RESSEGUROS S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 42.35 BRL | +3.88% |
|
+6.81% | -4.40% |
| Apr. 01 | Transcript : IRB-Brasil Resseguros S.A., Q4 2023 Earnings Call, Apr 01, 2024 | |
| Mar. 28 | IRB-Brasil Resseguros S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 36,272 | 10,268 | 5,046 | 2,112 | 3,625 | 3,466 | - | - |
| Enterprise Value (EV) 1 | 36,272 | 10,268 | 1,871 | 2,112 | 3,625 | 3,466 | 3,466 | 3,466 |
| P/E ratio | 20.6 x | -5.18 x | -7.44 x | -3.31 x | -29.3 x | 10.3 x | 6.53 x | 5.32 x |
| Yield | 3.26% | - | - | - | - | - | 3.82% | 6.93% |
| Capitalization / Revenue | 6.39 x | 1.81 x | 0.86 x | 0.41 x | 0.87 x | 0.71 x | 0.61 x | 0.56 x |
| EV / Revenue | 6.39 x | 1.81 x | 0.86 x | 0.41 x | 0.87 x | 0.71 x | 0.61 x | 0.56 x |
| EV / EBITDA | 30,736,983 x | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 7.84 x | 1.85 x | 1.41 x | 0.52 x | 0.85 x | 0.77 x | 0.71 x | 0.66 x |
| Nbr of stocks (in thousands) | 31,042 | 41,843 | 41,843 | 81,843 | 81,839 | 81,838 | - | - |
| Reference price 2 | 1,169 | 245.4 | 120.6 | 25.80 | 44.30 | 42.35 | 42.35 | 42.35 |
| Announcement Date | 2/19/20 | 2/19/21 | 2/24/22 | 3/8/23 | 3/29/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,674 | 5,684 | 5,900 | 5,098 | 4,151 | 4,896 | 5,728 | 6,224 |
| EBITDA | 1,180 | - | - | - | - | - | - | - |
| EBIT 1 | 1,136 | -1,144 | -1,569 | -1,537 | - | 275 | - | - |
| Operating Margin | 20.01% | -20.12% | -26.59% | -30.16% | - | 5.62% | - | - |
| Earnings before Tax (EBT) 1 | 1,912 | -1,884 | -1,395 | -1,181 | -256.7 | 460.7 | 720.6 | 865.4 |
| Net income 1 | 1,764 | -1,521 | -682.7 | -630.4 | -123.9 | 340.6 | 524.4 | 653.2 |
| Net margin | 31.08% | -26.77% | -11.57% | -12.37% | -2.98% | 6.96% | 9.16% | 10.49% |
| EPS 2 | 56.70 | -47.40 | -16.20 | -7.800 | -1.510 | 4.113 | 6.483 | 7.965 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 38.12 | - | - | - | - | - | 1.618 | 2.934 |
| Announcement Date | 2/19/20 | 2/19/21 | 2/24/22 | 3/8/23 | 3/29/24 | - | - | - |
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 | 1,670 | 1,044 | 1,151 | 1,340 | 1,187 | 1,419 | 1,207 | 1,021 | 852.4 | 1,070 | 1,100 | 1,187 | 1,224 | 1,302 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | -166.7 | -727.6 | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | -14.48% | -54.3% | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | -442.1 | -609.1 | 45.17 | -623.2 | -494.4 | -108.3 | 14 | 8.716 | 68.03 | -350.2 | 96.66 | 94 | 113 | 119 |
| Net income 1 | -155.7 | -370.9 | 80.49 | -373.3 | -298.8 | -38.8 | 8.551 | 20.08 | 47.74 | -200.2 | 70.63 | 75 | 90 | 95 |
| Net margin | -9.32% | -35.54% | 6.99% | -27.86% | -25.17% | -2.73% | 0.71% | 1.97% | 5.6% | -18.7% | 6.42% | 6.32% | 7.35% | 7.3% |
| EPS 2 | -3.600 | -8.700 | 1.800 | -9.000 | -6.600 | -0.4740 | 0.3000 | 0.2500 | 0.5800 | -2.440 | 0.8818 | 0.9200 | 1.110 | 1.160 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/12/21 | 2/24/22 | 5/16/22 | 8/16/22 | 11/11/22 | 3/8/23 | 5/15/23 | 8/15/23 | 11/10/23 | 3/29/24 | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | 3,176 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 40.8% | -37.1% | -17% | -16.4% | -2.88% | 7.8% | 11.4% | 12.7% |
| ROA (Net income/ Total Assets) | 10.7% | -7.56% | -3.02% | -2.76% | -0.78% | 1.5% | 2.2% | 2.5% |
| Assets 1 | 16,559 | 20,111 | 22,582 | 22,828 | 15,960 | 22,708 | 23,837 | 26,129 |
| Book Value Per Share 2 | 149.0 | 133.0 | 85.30 | 49.80 | 52.00 | 55.00 | 59.90 | 64.40 |
| Cash Flow per Share | - | -46.40 | -3.110 | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/19/20 | 2/19/21 | 2/24/22 | 3/8/23 | 3/29/24 | - | - | - |
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
7
Last Close Price
42.35
BRL
Average target price
44.16
BRL
Spread / Average Target
+4.27%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.40% | 676M | |
| +10.24% | 59.05B | |
| +3.14% | 17.78B | |
| +11.78% | 11.55B | |
| +4.14% | 2.05B | |
| -8.29% | 1.52B | |
| +5.54% | 968M | |
| +39.78% | 618M | |
| +5.52% | 427M | |
| +20.52% | 391M |
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- Financials IRB - Brasil Resseguros S.A.
