Company Valuation: StoneCo Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,021 15,601 26,986 14,629 21,371 11,442 - -
Change - -46.24% 72.98% -45.79% 46.09% -46.46% - -
Enterprise Value (EV) 1 30,894 16,186 30,329 21,780 33,013 17,790 21,040 19,525
Change - -47.61% 87.38% -28.19% 51.58% -46.11% 18.27% -7.2%
P/E -21.3x -29.9x 17.2x -9.82x 9.61x 4.05x 4.68x 4.56x
PBR 2.15x 1.21x 1.91x 1.26x 1.98x 1.2x 1.06x 0.96x
PEG - 0.5x -0x 0x -0x 0.1x -0.3x 1.69x
Capitalization / Revenue 6.02x 1.63x 2.24x 1.1x 1.51x 0.77x 0.73x 0.7x
EV / Revenue 6.4x 1.69x 2.52x 1.64x 2.33x 1.19x 1.34x 1.19x
EV / EBITDA 20.4x 3.76x 5.09x 3.25x 3.79x 2.12x 2.45x 2.33x
EV / EBIT 30.6x 4.62x 5.97x 3.79x 4.28x 2.41x 2.77x 2.71x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - - - - 12.9 7.349 7.252
Rate of return - - - - - 26% 14.8% 14.6%
EPS 2 -4.4 -1.67 5.09 -5.02 8.48 12.25 10.61 10.89
Distribution rate - - - - - 105% 69.3% 66.6%
Net sales 1 4,824 9,589 12,055 13,258 14,154 14,921 15,680 16,422
EBITDA 1 1,517 4,300 5,959 6,702 8,722 8,381 8,603 8,390
EBIT 1 1,010 3,500 5,081 5,752 7,719 7,387 7,606 7,205
Net income 1 -1,377 -526.4 1,600 -1,515 2,320 3,139 2,662 2,824
Net Debt 1 1,874 584.7 3,343 7,150 11,641 6,348 9,598 8,083
Reference price 2 93.94 49.91 87.49 49.29 81.46 49.62 49.62 49.62
Nbr of stocks (in thousands) 308,931 312,613 308,463 296,775 262,343 230,596 - -
Announcement Date 3/17/22 3/14/23 3/18/24 3/18/25 3/2/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
59.05x20.16x37.51x-.--% 111B
14.98x3.13x6.97x1.8% 81.27B
23.09x6.49x12.48x-.--% 32.26B
35.66x3.79x12.12x-.--% 23.97B
89.08x7.12x30.33x-.--% 23.99B
37.02x18.71x30.69x2.3% 23.68B
7.37x - - 8.56% 18.33B
5.29x2.73x6.5x5.1% 18.15B
11.99x-0.69x-1.21x-.--% 15.99B
Average 31.50x 7.68x 16.92x 1.97% 38.72B
Weighted average by Cap. 36.73x 10.43x 21.11x 1.29%

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

-40%: Exceptional extension
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