PAGSEGURO DIGITAL LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.68 USD | +7.28% |
|
+10.45% | +1.68% |
| Apr. 02 | Brazil's Pix payments are killing cash. Are credit cards next? | RE |
| Apr. 02 | Brazil's Pix payments are killing cash. Are credit cards next? | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 23,688 | 45,074 | 97,140 | 48,989 | 15,093 | 20,530 | 20,530 | - |
| Enterprise Value (EV) 1 | 20,925 | 42,320 | 94,520 | 47,418 | 12,161 | 19,337 | 14,655 | 13,424 |
| P/E ratio | 25.4 x | 33.1 x | 75.4 x | 41.7 x | 10.1 x | 11.8 x | 10.4 x | 9 x |
| Yield | - | - | - | - | - | 0% | - | - |
| Capitalization / Revenue | 5.64 x | 7.9 x | 14.3 x | 4.69 x | 0.98 x | 1.21 x | 1.18 x | 1.09 x |
| EV / Revenue | 4.98 x | 7.42 x | 13.9 x | 4.54 x | 0.79 x | 1.21 x | 0.84 x | 0.71 x |
| EV / EBITDA | 15.9 x | 18.9 x | 44.4 x | 17.3 x | 3.98 x | 5.52 x | 3.57 x | 2.83 x |
| EV / FCF | -11,467,074 x | 279,746,513 x | 150,057,619 x | -55,536,226 x | 8,609,030 x | - | - | - |
| FCF Yield | -0% | 0% | 0% | -0% | 0% | - | - | - |
| Price to Book | 3.62 x | 5.64 x | 10.4 x | 4.59 x | 1.29 x | 1.58 x | 1.39 x | 1.21 x |
| Nbr of stocks (in thousands) | 326,684 | 328,331 | 328,823 | 334,898 | 326,171 | 315,869 | 315,869 | - |
| Reference price 2 | 72.51 | 137.3 | 295.4 | 146.3 | 46.27 | 64.99 | 64.99 | 64.99 |
| Announcement Date | 2/21/19 | 2/27/20 | 2/25/21 | 3/22/22 | 3/2/23 | 2/28/24 | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,203 | 5,707 | 6,815 | 10,449 | 15,335 | 15,948 | 17,343 | 18,784 |
| EBITDA 1 | 1,313 | 2,237 | 2,128 | 2,738 | 3,053 | 3,505 | 4,102 | 4,751 |
| EBIT 1 | 1,352 | 2,109 | 1,752 | 2,063 | 1,880 | 2,190 | 5,115 | 4,094 |
| Operating Margin | 32.17% | 36.95% | 25.71% | 19.75% | 12.26% | 13.73% | 29.49% | 21.79% |
| Earnings before Tax (EBT) 1 | 1,218 | 1,912 | 1,775 | 1,488 | 1,759 | 2,017 | 2,479 | 2,793 |
| Net income 1 | 910.4 | 1,367 | 1,292 | 1,166 | 1,505 | 1,654 | 2,027 | 2,370 |
| Net margin | 21.66% | 23.95% | 18.95% | 11.16% | 9.81% | 10.37% | 11.69% | 12.62% |
| EPS 2 | 2.858 | 4.148 | 3.916 | 3.510 | 4.570 | 5.105 | 6.254 | 7.220 |
| Free Cash Flow | -1,825 | 151.3 | 629.9 | -853.8 | 1,413 | - | - | - |
| FCF margin | -43.41% | 2.65% | 9.24% | -8.17% | 9.21% | - | - | - |
| FCF Conversion (EBITDA) | - | 6.76% | 29.6% | - | 46.27% | - | - | - |
| FCF Conversion (Net income) | - | 11.07% | 48.77% | - | 93.87% | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | 0.001730 | - | - |
| Announcement Date | 2/21/19 | 2/27/20 | 2/25/21 | 3/22/22 | 3/2/23 | 2/28/24 | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2021 Q2 | 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 | - | 2,370 | 2,776 | 3,236 | 3,427 | 3,911 | 4,035 | 3,962 | 3,750 | 3,826 | 4,026 | 4,347 | 4,103 | 4,222 | 4,355 | 4,648 |
| EBITDA 1 | - | 628.6 | 741.5 | 750.7 | 665 | 831 | 719.7 | 788 | 787 | 849 | 894 | 975 | 895 | 1,000 | 1,054 | 1,121 |
| EBIT 1 | - | 338.2 | 568.3 | 557 | 449.5 | 442.7 | 425.3 | 475 | 470 | 485.3 | 557 | 633 | 587.8 | 661.9 | 689.1 | 718.2 |
| Operating Margin | - | 14.27% | 20.47% | 17.21% | 13.12% | 11.32% | 10.54% | 11.99% | 12.53% | 12.68% | 13.83% | 14.56% | 14.33% | 15.68% | 15.82% | 15.45% |
| Earnings before Tax (EBT) 1 | - | 338.2 | 421.3 | 368.3 | 416.5 | 442.7 | 425.3 | 474.8 | 436 | 485.3 | 512.1 | 583.7 | 542.9 | 560.7 | 609.3 | 665.7 |
| Net income 1 | - | 272 | 321.5 | 301.4 | 349.9 | 366.9 | 380.3 | 407.6 | 369.8 | 385.1 | 410.7 | 488 | 455 | 493.9 | 527.1 | 571 |
| Net margin | - | 11.48% | 11.58% | 9.31% | 10.21% | 9.38% | 9.42% | 10.29% | 9.86% | 10.07% | 10.2% | 11.23% | 11.09% | 11.7% | 12.1% | 12.29% |
| EPS 2 | - | 0.8234 | 0.9669 | 0.9086 | 1.050 | 1.101 | 1.156 | 1.242 | 1.129 | 1.183 | 1.269 | 1.525 | 1.426 | 1.526 | 1.609 | 1.709 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | 0.003330 | - | - | - | - |
| Announcement Date | 8/15/19 | 8/12/21 | 11/11/21 | 3/22/22 | 6/8/22 | 8/25/22 | 11/22/22 | 3/2/23 | 5/25/23 | 8/24/23 | 11/16/23 | 2/28/24 | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 2,763 | 2,754 | 2,620 | 1,571 | 2,932 | 2,963 | 5,875 | 7,105 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | -1,825 | 151 | 630 | -854 | 1,413 | - | - | - |
| ROE (net income / shareholders' equity) | 24.5% | 18.8% | 14.9% | 11.8% | 13.5% | 13.1% | 14.1% | 13.9% |
| ROA (Net income/ Total Assets) | 11.6% | 10.5% | 7% | 4.37% | 3.94% | 3.31% | 3.49% | 3.44% |
| Assets 1 | 7,827 | 13,000 | 18,453 | 26,700 | 38,202 | 48,910 | 58,132 | 68,897 |
| Book Value Per Share 2 | 20.00 | 24.40 | 28.30 | 31.90 | 35.90 | 41.00 | 46.90 | 53.90 |
| Cash Flow per Share 2 | -5.540 | 1.460 | 6.530 | 2.700 | 10.80 | 5.540 | 7.730 | 11.00 |
| Capex 1 | 254 | 328 | 1,523 | 972 | 2,136 | 1,408 | 1,426 | 1,620 |
| Capex / Sales | 6.03% | 5.75% | 22.35% | 9.31% | 13.93% | 8.93% | 8.22% | 8.62% |
| Announcement Date | 2/21/19 | 2/27/20 | 2/25/21 | 3/22/22 | 3/2/23 | 2/28/24 | - | - |
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
OUTPERFORM
Number of Analysts
17
Last Close Price
64.99
BRL
Average target price
83.76
BRL
Spread / Average Target
+28.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +1.68% | 4.01B | |
| +17.35% | 91.21B | |
| +7.41% | 69.43B | |
| -3.71% | 46.28B | |
| -1.91% | 31.78B | |
| +7.50% | 21.83B | |
| -16.97% | 11.95B | |
| -9.73% | 10.07B | |
| +11.32% | 9.07B | |
| -25.92% | 7.68B |
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