Company Valuation: Lojas Renner S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,089 19,873 16,647 12,747 12,872 10,286 - -
Change - -17.5% -16.24% -23.43% 0.98% -20.09% - -
Enterprise Value (EV) 1 24,269 21,685 15,470 10,921 11,372 11,597 11,891 12,249
Change - -10.65% -28.66% -29.4% 4.13% 1.98% 2.53% 3.01%
P/E 36.9x 15.5x 17.1x 10.6x 9.33x 6.77x 6.26x 5.64x
PBR 2.46x - 1.66x 1.18x 1.3x 0.97x 0.9x 0.85x
PEG - 0.2x -0.7x 0.5x 0.3x 0.7x 0.77x 0.5x
Capitalization / Revenue 2.28x 1.5x 1.22x 0.88x 0.81x 0.62x 0.56x 0.52x
EV / Revenue 2.3x 1.63x 1.13x 0.76x 0.72x 0.7x 0.65x 0.62x
EV / EBITDA 14.1x 9.03x 7.35x 4.12x 3.57x 3.91x 3.39x 3.09x
EV / EBIT 29.8x 15.4x 17.4x 8.67x 6.33x 5.97x 5.4x 4.87x
EV / FCF 86.2x 50.3x 8.74x 6.04x 7.91x 8.09x 8.49x 7.72x
FCF Yield 1.16% 1.99% 11.4% 16.6% 12.6% 12.4% 11.8% 13%
Dividend per Share 2 0.3896 - 0.6488 0.6456 0.8383 1.13 0.9798 1.241
Rate of return 1.75% - 4.1% 5.33% 6.23% 10.6% 9.16% 11.6%
EPS 2 0.6026 1.203 0.9241 1.138 1.442 1.581 1.71 1.898
Distribution rate 64.7% - 70.2% 56.7% 58.1% 71.5% 57.3% 65.4%
Net sales 1 10,572 13,271 13,648 14,436 15,830 16,511 18,230 19,895
EBITDA 1 1,723 2,401 2,104 2,650 3,187 2,963 3,506 3,965
EBIT 1 813.9 1,407 889.1 1,259 1,797 1,944 2,203 2,513
Net income 1 633.1 1,292 976.3 1,197 1,500 1,529 1,708 1,912
Net Debt 1 180.6 1,812 -1,177 -1,826 -1,500 1,311 1,605 1,963
Reference price 2 22.22 18.62 15.84 12.12 13.45 10.70 10.70 10.70
Nbr of stocks (in thousands) 1,084,183 1,067,423 1,051,161 1,051,732 957,030 961,283 - -
Announcement Date 3/17/22 2/16/23 3/14/24 2/20/25 3/3/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.77x0.7x3.91x10.56% 1.97B
26.78x4.13x14.59x3.32% 211B
42.63x5.26x21.77x0.88% 137B
26.65x2.71x17.45x0.78% 73.31B
48.21x2.71x10.4x1.34% 36.17B
22.51x1.5x8.49x4.18% 29.14B
15.82x3.08x11.8x1.49% 25.02B
19.22x2.66x11.92x1.86% 24.11B
23.77x1.41x11.93x-.--% 17.15B
14.78x1.76x7.48x4.38% 10.44B
Average 24.71x 2.59x 11.98x 2.88% 56.48B
Weighted average by Cap. 30.56x 3.74x 15.63x 2.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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