MELNICK DESENVOLVIMENTO IMOBILIÁRIO S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.4 BRL | +0.41% |
|
-5.38% | -8.33% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 1,599 | 788.5 | 665.2 | 973 | 892 | - |
| Enterprise Value (EV) 1 | 980.6 | 400.3 | 665.2 | 973 | 728 | 823 |
| P/E ratio | 21.9 x | 9.58 x | 8 x | 9.41 x | 5.95 x | 4.54 x |
| Yield | - | - | - | - | 13.4% | 17.7% |
| Capitalization / Revenue | 2.75 x | 1.02 x | 0.65 x | 0.82 x | 0.8 x | 0.7 x |
| EV / Revenue | 1.69 x | 0.52 x | 0.65 x | 0.82 x | 0.65 x | 0.65 x |
| EV / EBITDA | 17 x | 5.34 x | 7.66 x | 7.62 x | 4.49 x | 3.92 x |
| EV / FCF | 5,409,745 x | - | - | - | - | - |
| FCF Yield | 0% | - | - | - | - | - |
| Price to Book | 0.8 x | 0.68 x | 0.55 x | - | 0.69 x | 0.66 x |
| Nbr of stocks (in thousands) | 207,969 | 202,184 | 202,184 | 202,718 | 202,718 | - |
| Reference price 2 | 7.690 | 3.900 | 3.290 | 4.800 | 4.400 | 4.400 |
| Announcement Date | 3/19/21 | 3/22/22 | 3/28/23 | 3/21/24 | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net sales 1 | 581.4 | 771.8 | 1,030 | 1,184 | 1,121 | 1,266 |
| EBITDA 1 | 57.62 | 74.92 | 86.81 | 127.6 | 162 | 210 |
| EBIT 1 | 54.68 | 60.93 | 73.31 | 88.77 | 157 | 205 |
| Operating Margin | 9.4% | 7.89% | 7.12% | 7.5% | 14.01% | 16.19% |
| Earnings before Tax (EBT) 1 | 69.98 | 99.94 | 148.8 | 182.3 | 198 | 239 |
| Net income 1 | 42.51 | 82.94 | 84.74 | 103.9 | 150 | 197 |
| Net margin | 7.31% | 10.75% | 8.23% | 8.78% | 13.38% | 15.56% |
| EPS 2 | 0.3510 | 0.4070 | 0.4110 | 0.5100 | 0.7400 | 0.9700 |
| Free Cash Flow | 181.3 | - | - | - | - | - |
| FCF margin | 31.17% | - | - | - | - | - |
| FCF Conversion (EBITDA) | 314.6% | - | - | - | - | - |
| FCF Conversion (Net income) | 426.36% | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | 0.5900 | 0.7800 |
| Announcement Date | 3/19/21 | 3/22/22 | 3/28/23 | 3/21/24 | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 186.6 | 236.6 | 207 | 304.9 | 306.4 | 211.2 | 299 | 241.7 | 258.6 | 384.4 |
| EBITDA 1 | 13.84 | 25.22 | 27.41 | 25.95 | 24.8 | 8.65 | 23.77 | 13.87 | 12.26 | 72.02 |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 19.72 | 36.28 | 22.18 | 29.73 | 22.86 | 9.612 | 20.12 | 21.78 | 14.62 | 47.36 |
| Net margin | 10.57% | 15.33% | 10.72% | 9.75% | 7.46% | 4.55% | 6.73% | 9.01% | 5.65% | 12.32% |
| EPS 2 | 0.0970 | 0.1786 | 0.1097 | 0.1470 | 0.1100 | 0.0410 | 0.0970 | 0.1050 | 0.0720 | 0.2300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 3/22/22 | 5/12/22 | 8/15/22 | 11/10/22 | 3/28/23 | 5/15/23 | 8/11/23 | 11/13/23 | 3/21/24 |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 619 | 388 | - | - | 164 | 69 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow | 181 | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 5.28% | 7.16% | 7.15% | - | 11.8% | 15% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - |
| Book Value Per Share 2 | 9.600 | 5.710 | 5.970 | - | 6.390 | 6.630 |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - |
| Announcement Date | 3/19/21 | 3/22/22 | 3/28/23 | 3/21/24 | - | - |
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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
4.3
BRL
Average target price
6.343
BRL
Spread / Average Target
+47.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.33% | 168M | |
| +4.09% | 3.28B | |
| +14.42% | 1.47B | |
| +10.17% | 1.1B | |
| +40.38% | 1.09B | |
| +7.05% | 790M | |
| +20.78% | 777M | |
| +4.41% | 654M | |
| +8.21% | 647M | |
| +22.74% | 491M |
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- Financials Melnick Desenvolvimento Imobiliário S.A.
