Company Valuation: APB Apranga

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 99.53 112.2 119.4 147.1 161.7 190.2
Change - 12.78% 6.4% 23.15% 9.96% 17.61%
Enterprise Value (EV) 1 139.8 149 152.6 191.3 206 230.5
Change - 6.63% 2.41% 25.36% 7.65% 11.92%
P/E 20.2x 10.3x 7.64x 8.77x 10.1x 11.7x
PBR 1.57x 1.51x 1.91x 2.31x 2.44x 2.74x
PEG - 0x 0.2x 1.2x -2.08x 7.29x
Capitalization / Revenue 0.59x 0.59x 0.49x 0.55x 0.55x 0.62x
EV / Revenue 0.82x 0.79x 0.63x 0.71x 0.7x 0.75x
EV / EBITDA 9.35x 7.49x 6x 7.01x 7.62x 7.95x
EV / EBIT 17x 11.2x 7.99x 8.95x 9.78x 10.3x
EV / FCF 6.01x 7.87x 5.67x 13.7x 9.22x 8.94x
FCF Yield 16.6% 12.7% 17.6% 7.29% 10.8% 11.2%
Dividend per Share 2 - 0.5 0.28 0.24 0.24 0.27
Rate of return - 24.6% 13% 9.02% 8.21% 7.85%
EPS 2 0.0893 0.1971 0.2828 0.3034 0.2886 0.2933
Distribution rate - 254% 99% 79.1% 83.1% 92.1%
Net sales 1 170 189.7 242.9 269.7 292.9 307.2
EBITDA 1 14.94 19.89 25.46 27.29 27.04 28.99
EBIT 1 8.219 13.28 19.1 21.39 21.07 22.38
Net income 1 4.936 10.9 15.64 16.77 15.96 16.22
Net Debt 1 40.25 36.8 33.2 44.27 44.25 40.33
Reference price 2 1.800 2.030 2.160 2.660 2.925 3.440
Nbr of stocks (in thousands) 55,292 55,292 55,292 55,292 55,292 55,292
Announcement Date 4/29/21 3/1/22 4/4/23 4/30/24 4/3/25 4/7/26
1EUR in Million2EUR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 250M
24.93x3.84x13.58x3.57% 193B
47.9x5.88x24.53x0.78% 149B
29.85x2.84x19x0.77% 74.65B
44.98x2.74x10.77x1.37% 35.83B
21.18x3.82x15.27x1.11% 29.13B
21x1.42x8.01x4.47% 27.07B
18.91x2.61x11.61x1.9% 23.09B
30.77x1.79x15.13x-.--% 22.16B
14.26x1.72x7.2x4.55% 9.84B
Average 28.20x 2.96x 13.90x 2.06% 56.43B
Weighted average by Cap. 32.33x 3.89x 16.70x 2.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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