Company Valuation: Lojas Renner S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,089 19,873 16,647 12,747 12,872 10,728 - -
Change - -17.5% -16.24% -23.43% 0.98% -16.66% - -
Enterprise Value (EV) 1 24,269 21,685 15,470 10,921 11,372 12,042 12,299 12,608
Change - -10.65% -28.66% -29.4% 4.13% 5.89% 2.14% 2.51%
P/E 36.9x 15.5x 17.1x 10.6x 9.33x 7.1x 6.58x 5.94x
PBR 2.46x - 1.66x 1.18x 1.3x 1.01x 0.94x 0.88x
PEG - 0.2x -0.7x 0.5x 0.3x 0.79x 0.84x 0.5x
Capitalization / Revenue 2.28x 1.5x 1.22x 0.88x 0.81x 0.65x 0.59x 0.54x
EV / Revenue 2.3x 1.63x 1.13x 0.76x 0.72x 0.73x 0.68x 0.64x
EV / EBITDA 14.1x 9.03x 7.35x 4.12x 3.57x 3.73x 3.4x 3.15x
EV / EBIT 29.8x 15.4x 17.4x 8.67x 6.33x 6.22x 5.73x 5.17x
EV / FCF 86.2x 50.3x 8.74x 6.04x 7.91x 9.18x 9.34x 8.6x
FCF Yield 1.16% 1.99% 11.4% 16.6% 12.6% 10.9% 10.7% 11.6%
Dividend per Share 2 0.3896 - 0.6488 0.6456 0.8383 1.267 1.165 1.264
Rate of return 1.75% - 4.1% 5.33% 6.23% 11.4% 10.4% 11.3%
EPS 2 0.6026 1.203 0.9241 1.138 1.442 1.572 1.695 1.88
Distribution rate 64.7% - 70.2% 56.7% 58.1% 80.6% 68.7% 67.2%
Net sales 1 10,572 13,271 13,648 14,436 15,830 16,530 18,075 19,696
EBITDA 1 1,723 2,401 2,104 2,650 3,187 3,227 3,619 3,998
EBIT 1 813.9 1,407 889.1 1,259 1,797 1,937 2,147 2,437
Net income 1 633.1 1,292 976.3 1,197 1,500 1,526 1,668 1,863
Net Debt 1 180.6 1,812 -1,177 -1,826 -1,500 1,314 1,571 1,880
Reference price 2 22.22 18.62 15.84 12.12 13.45 11.16 11.16 11.16
Nbr of stocks (in thousands) 1,084,183 1,067,423 1,051,161 1,051,732 957,030 961,283 - -
Announcement Date 3/17/22 2/16/23 3/14/24 2/20/25 3/3/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.64x3.74x13.34x3.62% 189B
40.66x4.99x20.65x0.92% 132B
27.19x2.8x17.85x0.75% 75.74B
44.53x2.5x9.55x1.49% 31.82B
20.33x1.4x7.89x4.56% 25.82B
14.34x2.79x10.71x1.64% 22.51B
17.85x2.5x11.23x2.09% 22.06B
23.2x1.38x11.75x-.--% 16.73B
15.83x2.01x8.14x3.84% 12B
Average 25.39x 2.68x 12.35x 2.1% 58.65B
Weighted average by Cap. 29.04x 3.52x 14.95x 2.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield