PBG S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.82 BRL | +1.93% |
|
-3.48% | -21.98% |
| Mar. 14 | Transcript : PBG S.A., Q4 2023 Earnings Call, Mar 14, 2024 | |
| Mar. 14 | PBG S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 822.6 | 851.1 | 1,065 | 1,359 | 1,160 | 1,052 |
| Enterprise Value (EV) 1 | 1,336 | 1,372 | 1,540 | 1,997 | 1,866 | 2,391 |
| P/E ratio | 6.13 x | 64.8 x | 8.27 x | 6.58 x | 7.58 x | -29.9 x |
| Yield | - | - | 5.94% | 7.55% | - | - |
| Capitalization / Revenue | 0.78 x | 0.76 x | 0.8 x | 0.71 x | 0.53 x | 0.48 x |
| EV / Revenue | 1.27 x | 1.23 x | 1.16 x | 1.04 x | 0.85 x | 1.09 x |
| EV / EBITDA | 4.16 x | 22.3 x | 11.5 x | 5.45 x | 4.9 x | 13.4 x |
| EV / FCF | 12.5 x | -13.8 x | 20.5 x | 18.8 x | -150 x | -16.1 x |
| FCF Yield | 8.01% | -7.24% | 4.87% | 5.32% | -0.66% | -6.21% |
| Price to Book | 2.27 x | 2.32 x | 2.54 x | 3.82 x | 2.48 x | 2.73 x |
| Nbr of stocks (in thousands) | 158,489 | 158,489 | 155,312 | 140,987 | 140,987 | 140,987 |
| Reference price 2 | 5.190 | 5.370 | 6.860 | 9.640 | 8.230 | 7.460 |
| Announcement Date | 2/19/19 | 3/21/20 | 3/26/21 | 3/17/22 | 3/28/23 | 3/13/24 |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1,054 | 1,114 | 1,332 | 1,912 | 2,197 | 2,191 |
| EBITDA 1 | 320.7 | 61.47 | 134.1 | 366.6 | 380.5 | 178.8 |
| EBIT 1 | 281.8 | 18.81 | 89.71 | 316.3 | 324.2 | 111.9 |
| Operating Margin | 26.73% | 1.69% | 6.74% | 16.54% | 14.76% | 5.11% |
| Earnings before Tax (EBT) 1 | 196.3 | -0.041 | 85.56 | 229.5 | 204.6 | -23.56 |
| Net income 1 | 134.3 | 13.13 | 128.2 | 216.2 | 153.1 | -35.13 |
| Net margin | 12.74% | 1.18% | 9.63% | 11.31% | 6.97% | -1.6% |
| EPS 2 | 0.8473 | 0.0828 | 0.8296 | 1.464 | 1.086 | -0.2492 |
| Free Cash Flow 1 | 107 | -99.29 | 74.97 | 106.2 | -12.4 | -148.5 |
| FCF margin | 10.15% | -8.91% | 5.63% | 5.56% | -0.56% | -6.78% |
| FCF Conversion (EBITDA) | 33.36% | - | 55.89% | 28.98% | - | - |
| FCF Conversion (Net income) | 79.65% | - | 58.48% | 49.15% | - | - |
| Dividend per Share | - | - | 0.4075 | 0.7281 | - | - |
| Announcement Date | 2/19/19 | 3/21/20 | 3/26/21 | 3/17/22 | 3/28/23 | 3/13/24 |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 513 | 521 | 475 | 638 | 705 | 1,339 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.6 x | 8.468 x | 3.538 x | 1.739 x | 1.853 x | 7.49 x |
| Free Cash Flow 1 | 107 | -99.3 | 75 | 106 | -12.4 | -148 |
| ROE (net income / shareholders' equity) | 41.5% | 3.61% | 32.7% | 55.9% | 37.2% | -8.23% |
| ROA (Net income/ Total Assets) | 12.3% | 0.68% | 2.9% | 9.43% | 8.74% | 2.42% |
| Assets 1 | 1,096 | 1,931 | 4,425 | 2,292 | 1,752 | -1,452 |
| Book Value Per Share 2 | 2.280 | 2.320 | 2.700 | 2.530 | 3.310 | 2.740 |
| Cash Flow per Share 2 | 0.5200 | 1.740 | 2.110 | 1.350 | 1.820 | 3.450 |
| Capex 1 | 59.3 | 88.1 | 109 | 96.6 | 251 | 273 |
| Capex / Sales | 5.62% | 7.91% | 8.22% | 5.05% | 11.45% | 12.47% |
| Announcement Date | 2/19/19 | 3/21/20 | 3/26/21 | 3/17/22 | 3/28/23 | 3/13/24 |
1BRL in Million2BRL
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -21.98% | 160M | |
| +10.01% | 16.86B | |
| -7.61% | 3.01B | |
| -5.68% | 920M | |
| -1.54% | 789M | |
| -3.00% | 632M | |
| -26.07% | 565M | |
| +3.29% | 474M | |
| -13.14% | 471M | |
| -20.05% | 439M |
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- PTBL3 Stock
- Financials PBG S.A.
