Financials Veste S.A. Estilo

Equities

VSTE3

BRVSTEACNOR5

Apparel & Accessories Retailers

Market Closed - Sao Paulo 03:11:27 2024-04-26 pm EDT 5-day change 1st Jan Change
14.77 BRL -0.47% Intraday chart for Veste S.A. Estilo +5.42% -27.60%

Valuation

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Capitalization 1 1,170 340.8 1,774 2,314 1,754 -
Enterprise Value (EV) 1 1,965 1,743 1,774 2,503 1,639 1,386
P/E ratio -4.67 x -0.17 x 257 x 101 x 13.7 x 8.69 x
Yield - - - - - -
Capitalization / Revenue 1.23 x 0.57 x - 2.08 x 1.31 x 1.2 x
EV / Revenue 2.06 x 2.91 x - 2.26 x 1.22 x 0.95 x
EV / EBITDA 5.57 x 57.1 x - 11.2 x 4.75 x 3.47 x
EV / FCF -63,392,278 x -4,309,778 x - - - -
FCF Yield -0% -0% - - - -
Price to Book 0.51 x - - 2.23 x 1.46 x 1.25 x
Nbr of stocks (in thousands) 8,606 8,606 106,074 113,427 114,001 -
Reference price 2 136.0 39.60 16.72 20.40 15.39 15.39
Announcement Date 3/31/20 3/31/21 3/29/23 3/4/24 - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Net sales 1 954.1 598.8 - 1,110 1,339 1,457
EBITDA 1 352.6 30.52 - 224.4 345 400
EBIT 1 -86.83 -168 - 32.48 185 274
Operating Margin -9.1% -28.06% - 2.93% 13.82% 18.81%
Earnings before Tax (EBT) 1 -263.3 -1,381 - -50.52 139 233
Net income 1 -193 -2,005 55.28 22.78 127 201
Net margin -20.23% -334.84% - 2.05% 9.48% 13.8%
EPS 2 -29.11 -233.0 0.0651 0.2022 1.120 1.770
Free Cash Flow -31 -404.5 - - - -
FCF margin -3.25% -67.55% - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/31/20 3/31/21 3/29/23 3/4/24 - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2023 Q2 2023 Q3 2023 Q4
Net sales 1 - 274.5 281.8
EBITDA 1 - 50.09 61.37
EBIT - - -
Operating Margin - - -
Earnings before Tax (EBT) - - -
Net income 5.157 1.303 -
Net margin - 0.47% -
EPS 0.0445 - -
Dividend per Share - - -
Announcement Date 8/11/23 11/10/23 3/4/24
1BRL in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Net Debt 1 795 1,402 - 189 - -
Net Cash position 1 - - - - 115 368
Leverage (Debt/EBITDA) 2.254 x 45.96 x - 0.8417 x - -
Free Cash Flow -31 -405 - - - -
ROE (net income / shareholders' equity) -8.56% -157% - 5.68% 11.3% 15.6%
ROA (Net income/ Total Assets) -4.83% - - - - -
Assets 1 3,996 - - - - -
Book Value Per Share 2 265.0 - - 9.170 10.50 12.30
Cash Flow per Share - - - - - -
Capex 101 79.7 - - - -
Capex / Sales 10.64% 13.3% - - - -
Announcement Date 3/31/20 3/31/21 3/29/23 3/4/24 - -
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
15.39 BRL
Average target price
24 BRL
Spread / Average Target
+55.95%
Consensus

Annual profits - Rate of surprise

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