AREZZO INDÚSTRIA E COMÉRCIO S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 49.4 BRL | -1.55% |
|
-3.06% | -23.45% |
| 05-09 | Transcript : Arezzo Indústria e Comércio S.A., Q1 2024 Earnings Call, May 09, 2024 | |
| 05-09 | Arezzo Indústria e Comércio S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,821 | 6,793 | 7,606 | 8,588 | 7,154 | 5,475 | - | - |
| Enterprise Value (EV) 1 | 5,725 | 6,866 | 8,110 | 8,888 | 8,001 | 6,275 | 6,123 | 5,929 |
| P/E ratio | 35.8 x | 129 x | 22.7 x | 20.9 x | 18.4 x | 12.3 x | 10.2 x | 8.89 x |
| Yield | 1.38% | 0.82% | 1.17% | - | - | 3.83% | 4.02% | 4.64% |
| Capitalization / Revenue | 3.47 x | 4.27 x | 2.6 x | 2.03 x | 1.48 x | 1.03 x | 0.92 x | 0.84 x |
| EV / Revenue | 3.41 x | 4.32 x | 2.77 x | 2.1 x | 1.65 x | 1.18 x | 1.03 x | 0.9 x |
| EV / EBITDA | 19 x | 30.3 x | 17.7 x | 13.5 x | 9.98 x | 6.98 x | 5.89 x | 5.06 x |
| EV / FCF | 41.1 x | 39.4 x | 111 x | -93.7 x | 45.1 x | 9.54 x | 11 x | 9.29 x |
| FCF Yield | 2.43% | 2.54% | 0.9% | -1.07% | 2.22% | 10.5% | 9.06% | 10.8% |
| Price to Book | 7.8 x | 5.04 x | 4.81 x | 3.25 x | 2.52 x | 1.73 x | 1.58 x | 1.45 x |
| Nbr of stocks (in thousands) | 90,949 | 99,628 | 99,078 | 109,755 | 110,869 | 110,834 | - | - |
| Reference price 2 | 64.00 | 68.18 | 76.77 | 78.25 | 64.53 | 49.40 | 49.40 | 49.40 |
| Announcement Date | 20-03-04 | 21-03-04 | 22-03-10 | 23-03-09 | 24-03-07 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,679 | 1,591 | 2,924 | 4,234 | 4,847 | 5,315 | 5,946 | 6,556 |
| EBITDA 1 | 300.9 | 226.9 | 459.2 | 657.1 | 801.5 | 898.9 | 1,040 | 1,172 |
| EBIT 1 | 225.9 | 92.11 | 468.5 | 550.1 | 558.8 | 664.2 | 783.8 | 906.6 |
| Operating Margin | 13.45% | 5.79% | 16.02% | 12.99% | 11.53% | 12.5% | 13.18% | 13.83% |
| Earnings before Tax (EBT) 1 | 204.9 | 54.56 | 403.9 | 472.9 | 375.9 | 513.3 | 637.8 | 785.5 |
| Net income 1 | 162.1 | 48.58 | 345.2 | 424.7 | 399.4 | 440 | 509.9 | 582.6 |
| Net margin | 9.66% | 3.05% | 11.81% | 10.03% | 8.24% | 8.28% | 8.58% | 8.89% |
| EPS 2 | 1.788 | 0.5283 | 3.381 | 3.742 | 3.513 | 4.027 | 4.836 | 5.557 |
| Free Cash Flow 1 | 139.3 | 174.1 | 73.06 | -94.89 | 177.4 | 658 | 554.5 | 638.5 |
| FCF margin | 8.29% | 10.94% | 2.5% | -2.24% | 3.66% | 12.38% | 9.33% | 9.74% |
| FCF Conversion (EBITDA) | 46.28% | 76.73% | 15.91% | - | 22.13% | 73.2% | 53.34% | 54.5% |
| FCF Conversion (Net income) | 85.9% | 358.41% | 21.16% | - | 44.41% | 149.55% | 108.74% | 109.6% |
| Dividend per Share 2 | 0.8848 | 0.5566 | 0.9011 | - | - | 1.894 | 1.986 | 2.292 |
| Announcement Date | 20-03-04 | 21-03-04 | 22-03-10 | 23-03-09 | 24-03-07 | - | - | - |
1BRL in Million2BRL
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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,093 | 839.6 | 944.8 | 1,138 | 1,311 | 1,025 | 1,131 | 1,266 | 1,425 | 1,072 | 1,229 | 1,397 | 1,584 | 1,196 | 1,359 |
| EBITDA 1 | 185.3 | 133.8 | 162.4 | 170.1 | 190.9 | 164.3 | 198.2 | 217.5 | 221.4 | 173.3 | 209.5 | 244.4 | 252.7 | 201 | 251.8 |
| EBIT 1 | 145.1 | 161.2 | 122.9 | 127.2 | 138.9 | 104.8 | 125.5 | 175.2 | 153.3 | 107.2 | 148.2 | 183.3 | 206.2 | 125.8 | 185.2 |
| Operating Margin | 13.27% | 19.19% | 13.01% | 11.18% | 10.59% | 10.22% | 11.09% | 13.84% | 10.76% | 10% | 12.05% | 13.12% | 13.02% | 10.52% | 13.63% |
| Earnings before Tax (EBT) 1 | 120.5 | - | 116.3 | 114.7 | 101.2 | 65.23 | - | - | - | - | 113.5 | 145.7 | 146 | - | - |
| Net income 1 | 104.1 | 97.28 | 120.4 | 99.19 | 107 | 63.14 | - | - | - | - | 117.6 | 143.3 | 146.4 | - | - |
| Net margin | 9.53% | 11.59% | 12.75% | 8.72% | 8.16% | 6.16% | - | - | - | - | 9.57% | 10.26% | 9.24% | - | - |
| EPS 2 | 0.9615 | 0.9008 | 1.092 | 0.9111 | 0.8401 | 0.5586 | 0.8895 | 1.005 | 1.060 | - | 1.035 | 1.261 | 1.288 | 0.6622 | 1.321 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 0.7254 | 0.7344 | 0.7494 | 0.6978 | - |
| Announcement Date | 22-03-10 | 22-05-05 | 22-08-11 | 22-11-08 | 23-03-09 | 23-05-02 | 23-08-10 | 23-11-07 | 24-03-07 | 24-05-08 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 73.1 | 504 | 300 | 847 | 800 | 647 | 454 |
| Net Cash position 1 | 95.4 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.3221 x | 1.097 x | 0.4565 x | 1.056 x | 0.8902 x | 0.6228 x | 0.3872 x |
| Free Cash Flow 1 | 139 | 174 | 73.1 | -94.9 | 177 | 658 | 555 | 639 |
| ROE (net income / shareholders' equity) | 22.3% | 4.64% | 23.5% | 20% | 14.4% | 15.4% | 15.7% | 15.7% |
| ROA (Net income/ Total Assets) | 13.2% | 2.29% | 11.1% | 10.6% | 7.51% | 7.07% | 7.97% | - |
| Assets 1 | 1,229 | 2,123 | 3,100 | 4,013 | 5,318 | 6,223 | 6,399 | - |
| Book Value Per Share 2 | 8.200 | 13.50 | 16.00 | 24.10 | 25.60 | 28.60 | 31.20 | 34.10 |
| Cash Flow per Share | 2.260 | 2.400 | 2.380 | 1.220 | - | - | - | - |
| Capex 1 | 65.6 | 46.2 | 169 | 233 | 235 | 248 | 240 | 261 |
| Capex / Sales | 3.91% | 2.9% | 5.78% | 5.51% | 4.85% | 4.66% | 4.04% | 3.99% |
| Announcement Date | 20-03-04 | 21-03-04 | 22-03-10 | 23-03-09 | 24-03-07 | - | - | - |
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
11
Last Close Price
49.4
BRL
Average target price
76.1
BRL
Spread / Average Target
+54.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -23.45% | 1.04B | |
| +58.96% | 1.53B | |
| -54.90% | 134M |
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- Financials Arezzo Indústria e Comércio S.A.
