Market Closed -
Sao Paulo
11:44:15 25/06/2024 pm IST
|
5-day change
|
1st Jan Change
|
33.6
BRL
|
-0.09%
|
|
-1.15%
|
-3.11%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
21,316
|
14,714
|
17,992
|
10,593
|
11,012
|
9,692
|
-
|
-
|
Enterprise Value (EV)
1 |
32,483
|
26,094
|
30,436
|
24,097
|
25,256
|
24,833
|
24,992
|
25,160
|
P/E ratio
|
41.8
x
|
17.1
x
|
36.3
x
|
12.5
x
|
58
x
|
28.7
x
|
30.5
x
|
26.4
x
|
Yield
|
2.78%
|
4.15%
|
3.4%
|
-
|
5.59%
|
6.4%
|
6.43%
|
6.42%
|
Capitalization / Revenue
|
7.2
x
|
5.32
x
|
6.23
x
|
3.41
x
|
3.36
x
|
2.93
x
|
2.84
x
|
2.77
x
|
EV / Revenue
|
11
x
|
9.43
x
|
10.5
x
|
7.75
x
|
7.72
x
|
7.5
x
|
7.33
x
|
7.18
x
|
EV / EBITDA
|
18.8
x
|
16.4
x
|
18.1
x
|
13.3
x
|
13.5
x
|
12.8
x
|
12.5
x
|
12
x
|
EV / FCF
|
605
x
|
-
|
-1,704
x
|
62.4
x
|
-
|
88.5
x
|
82
x
|
-
|
FCF Yield
|
0.17%
|
-
|
-0.06%
|
1.6%
|
-
|
1.13%
|
1.22%
|
-
|
Price to Book
|
3.75
x
|
2.45
x
|
3.08
x
|
1.73
x
|
1.87
x
|
1.85
x
|
1.99
x
|
2.13
x
|
Nbr of stocks (in thousands)
|
1,54,622
|
1,55,660
|
1,56,207
|
1,56,755
|
1,56,940
|
1,57,059
|
-
|
-
|
Reference price
2 |
137.9
|
94.53
|
115.2
|
67.58
|
70.17
|
61.71
|
61.71
|
61.71
|
Announcement Date
|
28/01/20
|
26/01/21
|
25/01/22
|
31/01/23
|
30/01/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
2,961
|
2,766
|
2,889
|
3,109
|
3,274
|
3,310
|
3,411
|
3,502
|
EBITDA
1 |
1,723
|
1,589
|
1,685
|
1,808
|
1,865
|
1,940
|
1,998
|
2,099
|
EBIT
1 |
1,046
|
905.3
|
968
|
1,059
|
1,034
|
1,044
|
1,085
|
1,163
|
Operating Margin
|
35.32%
|
32.73%
|
33.51%
|
34.05%
|
31.6%
|
31.54%
|
31.81%
|
33.21%
|
Earnings before Tax (EBT)
1 |
652
|
1,019
|
631.9
|
1,021
|
291.4
|
474.7
|
484.3
|
590.2
|
Net income
1 |
511
|
862.2
|
496.2
|
848.9
|
190.2
|
337.1
|
324.1
|
361.1
|
Net margin
|
17.26%
|
31.18%
|
17.18%
|
27.31%
|
5.81%
|
10.18%
|
9.5%
|
10.31%
|
EPS
2 |
3.300
|
5.540
|
3.170
|
5.400
|
1.210
|
2.148
|
2.023
|
2.338
|
Free Cash Flow
1 |
53.69
|
-
|
-17.86
|
386.4
|
-
|
280.6
|
304.9
|
-
|
FCF margin
|
1.81%
|
-
|
-0.62%
|
12.43%
|
-
|
8.48%
|
8.94%
|
-
|
FCF Conversion (EBITDA)
|
3.12%
|
-
|
-
|
21.37%
|
-
|
14.46%
|
15.26%
|
-
|
FCF Conversion (Net income)
|
10.51%
|
-
|
-
|
45.52%
|
-
|
83.24%
|
94.08%
|
-
|
Dividend per Share
2 |
3.830
|
3.920
|
3.920
|
-
|
3.920
|
3.949
|
3.968
|
3.961
|
Announcement Date
|
28/01/20
|
26/01/21
|
25/01/22
|
31/01/23
|
30/01/24
|
-
|
-
|
-
|
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 |
731.1
|
754.3
|
773.9
|
790.5
|
789.8
|
803.2
|
817.2
|
824.3
|
828.9
|
839.4
|
817.2
|
823.6
|
830.6
|
838
|
842.9
|
EBITDA
1 |
430.2
|
432
|
455.2
|
462.2
|
458.9
|
443.3
|
468.9
|
479
|
474
|
464.4
|
479.6
|
489.6
|
490.8
|
487.1
|
496.1
|
EBIT
1 |
252.7
|
254.3
|
272.1
|
271.5
|
260.6
|
234.5
|
266.3
|
271.6
|
261.9
|
245.7
|
257.7
|
269.3
|
267.7
|
262.2
|
261.2
|
Operating Margin
|
34.57%
|
33.72%
|
35.16%
|
34.35%
|
32.99%
|
29.2%
|
32.59%
|
32.95%
|
31.6%
|
29.27%
|
31.53%
|
32.7%
|
32.23%
|
31.28%
|
30.99%
|
Earnings before Tax (EBT)
|
-
|
-
|
267.2
|
-
|
-
|
-
|
-
|
-
|
153.2
|
106.6
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
184.5
|
143
|
223
|
361
|
121.8
|
77.89
|
104.3
|
-111.8
|
119.9
|
79.88
|
74.76
|
82.57
|
87.36
|
66.45
|
72.01
|
Net margin
|
25.24%
|
18.96%
|
28.81%
|
45.66%
|
15.42%
|
9.7%
|
12.76%
|
-13.57%
|
14.47%
|
9.52%
|
9.15%
|
10.03%
|
10.52%
|
7.93%
|
8.54%
|
EPS
2 |
1.180
|
0.9100
|
1.420
|
2.290
|
0.7800
|
0.5000
|
0.6600
|
-0.7100
|
0.7600
|
0.5100
|
0.4906
|
0.5348
|
0.5656
|
0.4114
|
0.4359
|
Dividend per Share
2 |
0.9800
|
0.9800
|
0.9800
|
0.9800
|
-
|
0.9800
|
0.9800
|
0.9800
|
0.9800
|
0.9800
|
0.9800
|
0.9844
|
0.9844
|
0.9871
|
0.9883
|
Announcement Date
|
25/01/22
|
02/05/22
|
26/07/22
|
25/10/22
|
31/01/23
|
25/04/23
|
01/08/23
|
01/11/23
|
30/01/24
|
30/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
11,167
|
11,379
|
12,444
|
13,504
|
14,244
|
15,141
|
15,300
|
15,468
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
6.48
x
|
7.161
x
|
7.383
x
|
7.468
x
|
7.637
x
|
7.806
x
|
7.656
x
|
7.37
x
|
Free Cash Flow
1 |
53.7
|
-
|
-17.9
|
386
|
-
|
281
|
305
|
-
|
ROE (net income / shareholders' equity)
|
8.84%
|
7.37%
|
6.89%
|
14.2%
|
3.17%
|
6.66%
|
5.18%
|
6.06%
|
ROA (Net income/ Total Assets)
|
2.46%
|
3.91%
|
1.8%
|
3.65%
|
0.76%
|
1.78%
|
1.15%
|
1.35%
|
Assets
1 |
20,770
|
22,072
|
27,530
|
23,286
|
25,118
|
18,904
|
28,281
|
26,734
|
Book Value Per Share
2 |
36.70
|
38.50
|
37.40
|
39.10
|
37.40
|
33.40
|
31.00
|
28.90
|
Cash Flow per Share
2 |
7.630
|
7.440
|
7.250
|
8.160
|
8.280
|
5.950
|
6.050
|
6.490
|
Capex
1 |
1,127
|
1,015
|
1,151
|
2,216
|
1,008
|
655
|
571
|
452
|
Capex / Sales
|
38.08%
|
36.7%
|
39.85%
|
71.29%
|
30.8%
|
19.78%
|
16.75%
|
12.92%
|
Announcement Date
|
28/01/20
|
26/01/21
|
25/01/22
|
31/01/23
|
30/01/24
|
-
|
-
|
-
|
Last Close Price
61.71
USD Average target price
70.05
USD Spread / Average Target +13.52% Consensus |
1st Jan change
|
Capi.
|
---|
| -3.27% | 624.18Cr | | -11.46% | 474.52Cr | | -11.99% | 452.62Cr | | -0.62% | 409.73Cr | | +7.62% | 396.85Cr | | -20.93% | 377.1Cr | | +23.27% | 362.13Cr | | -16.49% | 316.83Cr | | -1.19% | 303.18Cr |
Office REITs
|