Company Valuation: Marcopolo

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,678 2,514 6,142 7,625 7,301 5,254 - -
Change - -6.11% 144.28% 24.14% -4.25% -28.05% - -
Enterprise Value (EV) 1 3,677 3,711 7,026 8,783 8,782 6,664 6,651 6,227
Change - 0.93% 89.32% 25% -0.01% -24.12% -0.19% -6.37%
P/E 7.88x 5.97x 8.18x 6.77x 6.1x 4.94x 4.61x 4.22x
PBR 0.99x 0.85x 1.88x 2.08x 1.95x 1.22x 1.11x 1.04x
PEG - 0.3x 0.1x 0.1x -5.2x -0.5x 0.65x 0.45x
Capitalization / Revenue 0.77x 0.46x 0.92x 0.89x 0.81x 0.59x 0.54x 0.5x
EV / Revenue 1.05x 0.69x 1.05x 1.02x 0.97x 0.74x 0.68x 0.59x
EV / EBITDA 11x 9.62x 7.42x 5.4x 5.83x 4.6x 4.12x 3.52x
EV / EBIT 16.1x 14x 8.78x 6.03x 6.51x 5.34x 4.63x 4.08x
EV / FCF 41.7x -82.5x 7.75x 9.76x 7.86x 10.9x 9.32x 9.24x
FCF Yield 2.4% -1.21% 12.9% 10.2% 12.7% 9.21% 10.7% 10.8%
Dividend per Share 2 - 0.0697 0.1818 0.7454 1.05 0.4307 0.4573 0.5434
Rate of return - 3.25% 3.4% 11.1% 17.6% 9.95% 10.6% 12.5%
EPS 2 0.2933 0.3593 0.653 0.9906 0.9789 0.877 0.9389 1.027
Distribution rate - 19.4% 27.8% 75.3% 107% 49.1% 48.7% 52.9%
Net sales 1 3,499 5,416 6,683 8,594 9,058 8,975 9,716 10,504
EBITDA 1 333.5 385.6 946.9 1,625 1,506 1,450 1,615 1,770
EBIT 1 228 265.8 800.6 1,458 1,350 1,249 1,437 1,528
Net income 1 366.6 449.1 816.2 1,200 1,223 1,082 1,141 1,241
Net Debt 1 998.9 1,197 884.1 1,158 1,481 1,410 1,398 974
Reference price 2 2.311 2.144 5.341 6.709 5.970 4.330 4.330 4.330
Nbr of stocks (in thousands) 1,240,387 1,241,322 1,242,770 1,243,450 1,240,354 1,241,400 - -
Announcement Date 2/25/22 2/28/23 2/27/24 2/25/25 2/26/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.47x2.02x11.1x1.58% 72.73B
21.2x1.45x11.14x1.75% 48.5B
14.63x0.65x4.72x3.95% 32.28B
11.55x0.55x4.79x4.06% 28.74B
8.26x0.49x6.27x1.83% 25.18B
14.38x2.6x8.93x4.24% 20.19B
19.86x0.87x10.48x3.33% 17.54B
29.23x1.16x12.24x0.63% 17.25B
10.36x0.49x4.76x3.07% 17.14B
Average 16.44x 1.14x 8.27x 2.72% 31.06B
Weighted average by Cap. 16.83x 1.30x 8.77x 2.5%

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