Financials B3 S.A. - Brasil, Bolsa, Balcão OTC Markets

Equities

BOLSY

US11778E1064

Financial & Commodity Market Operators

Delayed OTC Markets 07:34:42 20/06/2024 pm IST 5-day change 1st Jan Change
5.855 USD -1.43% Intraday chart for B3 S.A. - Brasil, Bolsa, Balcão +3.63% -35.02%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 87,909 1,26,543 67,651 77,196 79,758 57,231 - -
Enterprise Value (EV) 1 83,148 1,18,160 62,716 77,196 77,818 53,438 52,856 52,245
P/E ratio 32.5 x 30.6 x 14.4 x 17.7 x 20.1 x 13.2 x 11.3 x 10.3 x
Yield 2.7% 2.65% 5.8% - - 7.79% 9.01% 9.82%
Capitalization / Revenue 14.9 x 15.1 x 7.32 x 8.49 x 8.93 x 6.09 x 5.58 x 5.19 x
EV / Revenue 14.1 x 14.1 x 6.78 x 8.49 x 8.71 x 5.69 x 5.15 x 4.74 x
EV / EBITDA 19.5 x 18.5 x 8.62 x 11.5 x 12.3 x 8.06 x 7.14 x 6.47 x
EV / FCF 28.3 x 46.7 x 20.7 x - 21.1 x 15.3 x 10.1 x 9.21 x
FCF Yield 3.54% 2.14% 4.82% - 4.73% 6.56% 9.92% 10.9%
Price to Book 3.46 x 5.14 x 3.05 x - 4.03 x 2.95 x 2.94 x 3.02 x
Nbr of stocks (in thousands) 61,37,449 61,25,009 60,72,842 58,43,738 54,81,658 54,71,444 - -
Reference price 2 14.32 20.66 11.14 13.21 14.55 10.46 10.46 10.46
Announcement Date 05/03/20 04/03/21 17/03/22 15/02/23 22/02/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,908 8,383 9,248 9,092 8,930 9,392 10,265 11,017
EBITDA 1 4,259 6,383 7,274 6,700 6,334 6,626 7,401 8,072
EBIT 1 3,229 5,680 6,243 5,644 5,244 6,089 6,981 7,790
Operating Margin 54.66% 67.77% 67.5% 62.08% 58.73% 64.83% 68.01% 70.71%
Earnings before Tax (EBT) 1 3,339 5,516 6,516 5,790 5,558 5,982 6,912 7,570
Net income 1 2,714 4,152 4,717 4,227 4,132 4,483 5,062 5,460
Net margin 45.94% 49.53% 51.01% 46.49% 46.27% 47.73% 49.31% 49.55%
EPS 2 0.4406 0.6757 0.7738 0.7480 0.7222 0.7904 0.9248 1.011
Free Cash Flow 1 2,941 2,531 3,026 - 3,681 3,503 5,243 5,672
FCF margin 49.78% 30.19% 32.72% - 41.22% 37.3% 51.08% 51.48%
FCF Conversion (EBITDA) 69.05% 39.65% 41.6% - 58.11% 52.87% 70.84% 70.27%
FCF Conversion (Net income) 108.35% 60.95% 64.15% - 89.09% 78.14% 103.57% 103.89%
Dividend per Share 2 0.3860 0.5481 0.6466 - - 0.8153 0.9420 1.028
Announcement Date 05/03/20 04/03/21 17/03/22 15/02/23 22/02/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,179 2,285 2,242 2,258 2,308 2,209 2,230 2,248 2,242 2,221 2,298 2,420 2,462 2,474 -
EBITDA 1 1,654 1,723 1,665 1,670 1,637 1,622 1,640 1,628 1,449 1,574 1,625 1,735 1,727 - -
EBIT 1 1,430 1,447 1,399 1,414 1,384 1,362 1,371 1,346 1,169 1,294 1,519 1,640 1,630 1,652 -
Operating Margin 65.62% 63.33% 62.42% 62.62% 59.97% 61.67% 61.49% 59.87% 52.15% 58.26% 66.11% 67.78% 66.21% 66.79% -
Earnings before Tax (EBT) 1 1,452 1,660 1,384 1,366 1,380 1,499 1,477 1,386 1,196 1,269 1,533 1,628 1,624 - -
Net income 1 1,092 1,101 1,092 1,029 1,004 1,089 1,053 1,074 915.5 949.6 1,154 1,234 1,211 - -
Net margin 50.09% 48.19% 48.72% 45.58% 43.53% 49.31% 47.21% 47.78% 40.83% 42.75% 50.23% 50.98% 49.19% - -
EPS 2 0.1800 0.1820 0.1808 0.1695 0.2061 0.1884 0.1824 0.1857 0.1608 0.1695 0.2002 0.2121 0.2055 0.2050 0.2000
Dividend per Share 2 0.1992 0.1814 0.1300 0.0800 - - - - - - 0.1776 0.2083 0.3639 0.0796 0.1850
Announcement Date 17/03/22 12/05/22 11/08/22 10/11/22 15/02/23 11/05/23 10/08/23 09/11/23 22/02/24 09/05/24 - - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 4,761 8,383 4,935 - 1,940 3,793 4,376 4,986
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 2,941 2,531 3,026 - 3,681 3,503 5,243 5,672
ROE (net income / shareholders' equity) 12.8% 17.9% 20.1% - 20.4% 23.3% 26.4% 29.1%
ROA (Net income/ Total Assets) 8.33% 10.4% 9.54% - 9.49% 9.7% 10.8% 11.4%
Assets 1 32,573 40,099 49,433 - 43,560 46,209 46,907 47,690
Book Value Per Share 2 4.140 4.020 3.660 - 3.610 3.540 3.560 3.460
Cash Flow per Share 2 0.5200 0.4500 0.5300 - 0.6600 1.460 1.490 1.590
Capex 1 279 222 188 - 877 191 252 231
Capex / Sales 4.72% 2.65% 2.03% - 9.83% 2.03% 2.45% 2.1%
Announcement Date 05/03/20 04/03/21 17/03/22 15/02/23 22/02/24 - - -
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
10.46 BRL
Average target price
14.41 BRL
Spread / Average Target
+37.78%
Consensus
  1. Stock Market
  2. Equities
  3. B3SA3 Stock
  4. BOLSY Stock
  5. Financials B3 S.A. - Brasil, Bolsa, Balcão