RAÍZEN S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.07 BRL | -1.60% |
|
+1.66% | -23.82% |
| Apr. 18 | Brazil's Raizen to pour $600 mln into Argentina refinery renovation | RE |
| Mar. 21 | (OFFICIAL)-Brazil's Raizen scouting locations for sustainable aviation fuel plant | RE |
Valuation
| Fiscal Period: March | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 72,778 | 29,505 | 31,701 | - | - |
| Enterprise Value (EV) 1 | 86,606 | 48,943 | 62,614 | 63,783 | 65,776 |
| P/E ratio | 19.5 x | 12.1 x | 10.2 x | 6.54 x | 7.01 x |
| Yield | - | - | 4.87% | 7.73% | 8.38% |
| Capitalization / Revenue | 0.38 x | 0.12 x | 0.14 x | 0.13 x | 0.14 x |
| EV / Revenue | 0.45 x | 0.2 x | 0.28 x | 0.27 x | 0.29 x |
| EV / EBITDA | 8.09 x | 3.2 x | 4.19 x | 3.83 x | 3.81 x |
| EV / FCF | 10.5 x | 20.4 x | 15 x | 20.5 x | 14.6 x |
| FCF Yield | 9.53% | 4.9% | 6.67% | 4.89% | 6.86% |
| Price to Book | 2.92 x | 1.33 x | 1.33 x | 1.25 x | 1.18 x |
| Nbr of stocks (in thousands) | 10,352,509 | 10,352,509 | 10,326,115 | - | - |
| Reference price 2 | 7.030 | 2.850 | 3.070 | 3.070 | 3.070 |
| Announcement Date | 5/13/22 | 5/12/23 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 89,415 | 191,270 | 245,832 | 226,619 | 236,953 | 229,560 |
| EBITDA 1 | - | 10,704 | 15,286 | 14,928 | 16,650 | 17,256 |
| EBIT 1 | - | 6,170 | 8,086 | 8,863 | 9,474 | 9,866 |
| Operating Margin | - | 3.23% | 3.29% | 3.91% | 4% | 4.3% |
| Earnings before Tax (EBT) 1 | - | 4,202 | 3,264 | 3,825 | 5,674 | 6,158 |
| Net income 1 | 996.5 | 3,149 | 2,441 | 2,922 | 4,446 | 4,447 |
| Net margin | 1.11% | 1.65% | 0.99% | 1.29% | 1.88% | 1.94% |
| EPS 2 | - | 0.3600 | 0.2364 | 0.3005 | 0.4694 | 0.4380 |
| Free Cash Flow 1 | - | 8,250 | 2,399 | 4,174 | 3,116 | 4,511 |
| FCF margin | - | 4.31% | 0.98% | 1.84% | 1.32% | 1.97% |
| FCF Conversion (EBITDA) | - | 77.08% | 15.69% | 27.96% | 18.71% | 26.14% |
| FCF Conversion (Net income) | - | 261.99% | 98.27% | 142.86% | 70.08% | 101.44% |
| Dividend per Share 2 | - | - | - | 0.1495 | 0.2374 | 0.2573 |
| Announcement Date | 5/31/21 | 5/13/22 | 5/12/23 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 48,340 | 55,389 | 53,494 | 66,258 | 64,238 | 60,368 | 54,967 | 48,822 | 59,456 | 58,492 | 53,236 | 53,584 | 57,815 | 57,388 | 53,816 |
| EBITDA 1 | 3,269 | 3,360 | 1,780 | 3,651 | 2,757 | 2,964 | 5,913 | 3,265 | 3,728 | 3,929 | 3,318 | 3,303 | 4,190 | 4,220 | 3,812 |
| EBIT 1 | 1,446 | 1,697 | 747.6 | 1,590 | -399.7 | 1,546 | 5,350 | 2,332 | 1,881 | 2,559 | 1,565 | 1,331 | 2,064 | 2,024 | - |
| Operating Margin | 2.99% | 3.06% | 1.4% | 2.4% | -0.62% | 2.56% | 9.73% | 4.78% | 3.16% | 4.37% | 2.94% | 2.48% | 3.57% | 3.53% | - |
| Earnings before Tax (EBT) | 707.4 | - | - | 651.2 | -1,472 | 98.06 | 3,987 | 956.5 | 174.9 | - | - | - | - | - | - |
| Net income 1 | 730.6 | 1,385 | 250.4 | 551.9 | -880.1 | 174.2 | 2,595 | 637.8 | -19.03 | 793.3 | 636.5 | 679 | 1,008 | 1,350 | 1,288 |
| Net margin | 1.51% | 2.5% | 0.47% | 0.83% | -1.37% | 0.29% | 4.72% | 1.31% | -0.03% | 1.36% | 1.2% | 1.27% | 1.74% | 2.35% | 2.39% |
| EPS 2 | 0.0700 | 0.1300 | 0.006300 | 0.0500 | -0.0900 | 0.0200 | 0.2464 | 0.0618 | -0.001840 | 0.0753 | 0.0616 | 0.0658 | 0.0976 | 0.1307 | 0.1247 |
| Dividend per Share 2 | - | 0.0200 | - | - | - | - | - | - | - | - | 0.0308 | 0.0329 | 0.0488 | 0.0654 | 0.0623 |
| Announcement Date | 11/12/21 | 2/14/22 | 5/13/22 | 8/11/22 | 11/10/22 | 2/14/23 | 5/12/23 | 8/14/23 | 11/13/23 | 2/8/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 13,827 | 19,438 | 30,913 | 32,081 | 34,074 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.292 x | 1.272 x | 2.071 x | 1.927 x | 1.975 x |
| Free Cash Flow 1 | - | 8,250 | 2,399 | 4,175 | 3,116 | 4,511 |
| ROE (net income / shareholders' equity) | - | 23.3% | 0.02% | 12.7% | 17.9% | 16.5% |
| ROA (Net income/ Total Assets) | - | 4.78% | 2.3% | 4.39% | 4.67% | - |
| Assets 1 | - | 65,868 | 105,948 | 66,579 | 95,128 | - |
| Book Value Per Share 2 | - | 2.410 | 2.150 | 2.300 | 2.450 | 2.600 |
| Cash Flow per Share 2 | - | 1.600 | 1.260 | 1.150 | 1.100 | 1.310 |
| Capex 1 | - | 5,664 | 10,657 | 12,833 | 12,311 | 12,347 |
| Capex / Sales | - | 2.96% | 4.34% | 5.66% | 5.2% | 5.38% |
| Announcement Date | 5/31/21 | 5/13/22 | 5/12/23 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
3.07
BRL
Average target price
5.858
BRL
Spread / Average Target
+90.83%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -23.82% | 6.18B | |
| +12.39% | 221B | |
| +12.58% | 107B | |
| +17.36% | 103B | |
| +33.72% | 71.49B | |
| +13.72% | 64.2B | |
| +27.54% | 54.22B | |
| +27.93% | 37.8B | |
| +32.11% | 28.33B | |
| -11.77% | 20.79B |
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- Financials Raízen S.A.
