Company Valuation: Multiplan Empreendimentos Imobiliarios S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,091 12,829 16,547 10,936 13,314 14,158 - -
Change - 15.67% 28.97% -33.91% 21.75% 6.34% - -
Enterprise Value (EV) 1 13,336 12,829 18,632 15,210 17,983 18,018 17,415 16,763
Change - -3.8% 45.23% -18.37% 18.23% 0.2% -3.35% -3.74%
P/E 24.8x 16.9x 16.4x 9.06x 11.8x 11.8x 11.3x 9.52x
PBR 1.64x - 2.46x 1.82x 2.12x 2.06x 1.86x 1.71x
PEG - 0.2x 0.5x 0.3x -11.07x 1.95x 2.44x 0.5x
Capitalization / Revenue 8.61x 7.14x 8.15x 4.3x 4.86x 5.15x 5.17x 4.98x
EV / Revenue 10.4x 7.14x 9.18x 5.98x 6.57x 6.56x 6.36x 5.89x
EV / EBITDA 16.4x 18.1x 12.4x 8.23x 8.98x 8.75x 8.26x 7.51x
EV / EBIT 21.8x 12x 13.7x 8.9x 9.64x 9.3x 8.98x 8.16x
EV / FCF 85.8x - 20x 18.5x 14.2x 22.1x 10.1x 9.67x
FCF Yield 1.17% - 5.01% 5.4% 7.05% 4.53% 9.93% 10.3%
Dividend per Share 2 0.4989 - - - - 1.127 1.369 2.091
Rate of return 2.67% - - - - 3.9% 4.74% 7.24%
EPS 2 0.7563 1.3 1.733 2.326 2.301 2.44 2.553 3.032
Distribution rate 66% - - - - 46.2% 53.6% 69%
Net sales 1 1,288 1,798 2,030 2,545 2,739 2,748 2,740 2,844
EBITDA 1 812.6 708.3 1,506 1,848 2,003 2,060 2,108 2,232
EBIT 1 611.5 1,069 1,358 1,710 1,866 1,937 1,938 2,054
Net income 1 453.1 769.3 1,020 1,341 1,141 1,233 1,306 1,540
Net Debt 1 2,245 - 2,086 4,275 4,668 3,860 3,257 2,604
Reference price 2 18.72 21.90 28.42 21.08 27.25 28.87 28.87 28.87
Nbr of stocks (in thousands) 592,477 585,816 582,219 518,764 488,602 490,408 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/5/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.83x6.56x8.75x3.9% 2.74B
16.8x15.88x16.52x4.67% 14.21B
59.83x17.81x30.41x0.15% 7.91B
105.68x18x25.8x2.25% 3.74B
15.65x5.99x7.96x12.73% 2.67B
11.26x6.69x10.72x3.61% 2.39B
19.73x14.69x22.2x2.65% 1.8B
12.62x11.25x14.24x5.94% 1.57B
Average 31.68x 12.11x 17.07x 4.49% 4.63B
Weighted average by Cap. 34.12x 14.26x 19.04x 3.87%

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

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