Financials Oi S.A. Sao Paulo

Equities

OIBR3

BROIBRACNOR1

Integrated Telecommunications Services

Market Closed - Sao Paulo 04:07:00 2024-05-31 pm EDT 5-day change 1st Jan Change
0.6 BRL -13.04% Intraday chart for Oi S.A. +1.69% -6.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 5,177 13,192 4,605 1,066 396.7 374.9 -
Enterprise Value (EV) 1 21,322 35,428 37,859 22,644 27,391 27,293 374.9
P/E ratio -0.81 x -1.59 x -0.9 x - - - -
Yield - - - - - - -
Capitalization / Revenue 0.26 x 0.7 x 0.26 x 0.08 x 0.04 x 0.04 x 0.03 x
EV / Revenue 1.06 x 1.89 x 2.11 x 1.8 x 2.82 x 2.62 x 0.03 x
EV / EBITDA 4.78 x 5.53 x 6.73 x 2.5 x 48.2 x 16.8 x 0.19 x
EV / FCF -4.17 x 37.2 x -10.5 x - -7.73 x -82 x 11 x
FCF Yield -24% 2.69% -9.54% - -12.9% -1.22% 9.07%
Price to Book 0.41 x 2.15 x - - - - -
Nbr of stocks (in thousands) 595,236 595,236 595,239 595,718 595,718 595,718 -
Reference price 2 12.30 28.20 12.80 5.100 1.630 1.720 1.720
Announcement Date 3/26/20 3/29/21 5/5/22 5/22/23 3/27/24 - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 20,136 18,776 17,933 12,604 9,718 10,435 11,520
EBITDA 1 4,464 6,409 5,627 9,060 568 1,620 1,933
EBIT 1 -2,410 -529 1,330 4,837 -983.7 85.9 -
Operating Margin -11.97% -2.82% 7.42% 38.38% -10.12% 0.82% -
Earnings before Tax (EBT) 1 -9,087 -14,031 -9,547 -13,320 -6,184 -1,811 -
Net income 1 -9,000 -10,530 -8,516 -19,268 -5,431 -1,195 -
Net margin -44.7% -56.08% -47.49% -152.88% -55.89% -11.45% -
EPS -15.10 -17.70 -14.30 - - - -
Free Cash Flow 1 -5,114 951.6 -3,611 - -3,543 -333 34
FCF margin -25.4% 5.07% -20.13% - -36.46% -3.19% 0.3%
FCF Conversion (EBITDA) - 14.85% - - - - 1.76%
FCF Conversion (Net income) - - - - - - -
Dividend per Share - - - - - - -
Announcement Date 3/26/20 3/29/21 5/5/22 5/22/23 3/27/24 - -
1BRL in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 4,571 4,415 2,770 2,770 2,649 2,536 2,454 2,422 2,306 2,199 2,531 2,569 2,757
EBITDA 1,744 - 388 168 -630 234 133 - - - - - -
EBIT 1 -432.2 269 - - -1,732 -103 -175 - 188.8 -442 22.73 20.93 18.17
Operating Margin -9.45% 6.09% - - -65.4% -4.06% -7.13% - 8.19% -20.1% 0.9% 0.81% 0.66%
Earnings before Tax (EBT) 1 -3,733 - 4,401 -3,003 -16,865 -1,251 -831 -3,284 -1,639 -2,820 -452.7 -453.2 -455.6
Net income 1 -1,805 1,782 -321 -3,064 -17,666 -1,267 -844.9 -2,831 -487.9 -2,788 -298.8 -299.1 -300.7
Net margin -39.48% 40.36% -11.59% -110.61% -666.96% -49.97% -34.43% -116.9% -21.16% -126.78% -11.8% -11.64% -10.91%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 5/5/22 6/29/22 8/11/22 11/10/22 5/22/23 6/14/23 8/10/23 11/8/23 3/27/24 5/8/24 - - -
1BRL in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 16,145 22,236 33,254 21,579 26,994 26,918 -
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) 3.617 x 3.469 x 5.909 x 2.382 x 47.52 x 16.62 x -
Free Cash Flow 1 -5,114 952 -3,611 - -3,543 -333 34
ROE (net income / shareholders' equity) -34.2% -82.9% -243% - - - -
ROA (Net income/ Total Assets) -10% -14.5% - - - - -
Assets 1 89,797 72,866 - - - - -
Book Value Per Share 29.70 13.10 - - - - -
Cash Flow per Share - - - - - - -
Capex 1 7,426 3,455 3,500 1,438 745 1,502 1,899
Capex / Sales 36.88% 18.4% 19.52% 11.41% 7.67% 14.39% 16.48%
Announcement Date 3/26/20 3/29/21 5/5/22 5/22/23 3/27/24 - -
1BRL in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Quarterly revenue - Rate of surprise