Company Valuation: OI

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024
Market Cap 1 5,177 13,192 4,605 1,066 396.7 445.7
Change - 154.83% -65.09% -76.86% -62.78% 12.35%
Enterprise Value (EV) 1 29,288 38,593 37,671 23,287 27,391 12,489
Change - 31.77% -2.39% -38.18% 17.62% -54.4%
P/E -0.81x -1.59x -0.89x -0.16x -0.18x 0.08x
PBR 0.41x 2.17x -10.1x -0.14x -0.04x -0.18x
PEG - -0.1x 0x -0x 0x -0x
Capitalization / Revenue 0.26x 1.42x 0.44x 0.1x 0.04x 0.14x
EV / Revenue 1.45x 4.16x 3.59x 2.22x 2.82x 3.93x
EV / EBITDA 11.4x 34.6x 30.9x -56.7x 20.5x -4.52x
EV / EBIT -9.85x -20.9x -18.5x -5.8x 155x -3.81x
EV / FCF -6.97x -3.29x -3.49x 1.28x -67.8x -2.33x
FCF Yield -14.3% -30.4% -28.6% 77.9% -1.48% -42.9%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -151.4 -176.9 -143.1 -323.6 -91.17 117.8
Distribution rate - - - - - -
Net sales 1 20,136 9,284 10,483 10,485 9,718 3,180
EBITDA 1 2,568 1,115 1,220 -410.8 1,339 -2,762
EBIT 1 -2,972 -1,843 -2,034 -4,013 176.2 -3,281
Net income 1 -9,000 -10,530 -8,516 -19,268 -5,431 9,611
Net Debt 1 24,111 25,401 33,066 22,222 26,994 12,043
Reference price 2 123.0000 282.0000 128.0000 51.0000 16.3000 9.0100
Nbr of stocks (in thousands) 59,524 59,524 59,524 59,572 59,572 323,663
Announcement Date 3/26/20 3/29/21 5/5/22 5/22/23 3/27/24 3/27/25
1BRL in Million2BRL
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.39x1.32x4.09x7.04% 224B
9.11x2.38x6.37x6.47% 182B
13.7x2.13x5.55x4.17% 149B
13.45x2.04x5.15x2.39% 79.13B
12.16x0.82x3.08x6.63% 77.03B
12.03x1.75x7.5x3.57% 75.8B
15.41x2.68x8.39x5.1% 57.37B
23.9x5.38x19.65x4.48% 56.14B
16.05x1.79x5.62x4.78% 50.1B
Average 14.13x 2.26x 7.27x 4.96% 105.65B
Weighted average by Cap. 12.83x 2.05x 6.29x 5.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA