Company Valuation: Lojas Renner S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,089 19,873 16,647 12,747 12,872 10,911 - -
Change - -17.5% -16.24% -23.43% 0.98% -15.24% - -
Enterprise Value (EV) 1 24,269 21,685 15,470 10,921 11,372 12,222 12,515 12,873
Change - -10.65% -28.66% -29.4% 4.13% 7.47% 2.4% 2.86%
P/E 36.9x 15.5x 17.1x 10.6x 9.33x 7.18x 6.64x 5.98x
PBR 2.46x - 1.66x 1.18x 1.3x 1.03x 0.96x 0.9x
PEG - 0.2x -0.7x 0.5x 0.3x 0.75x 0.81x 0.5x
Capitalization / Revenue 2.28x 1.5x 1.22x 0.88x 0.81x 0.66x 0.6x 0.55x
EV / Revenue 2.3x 1.63x 1.13x 0.76x 0.72x 0.74x 0.69x 0.65x
EV / EBITDA 14.1x 9.03x 7.35x 4.12x 3.57x 3.95x 3.53x 3.28x
EV / EBIT 29.8x 15.4x 17.4x 8.67x 6.33x 6.33x 5.77x 5.22x
EV / FCF 86.2x 50.3x 8.74x 6.04x 7.91x 8.53x 8.94x 8.11x
FCF Yield 1.16% 1.99% 11.4% 16.6% 12.6% 11.7% 11.2% 12.3%
Dividend per Share 2 0.3896 - 0.6488 0.6456 0.8383 1.31 1.025 1.241
Rate of return 1.75% - 4.1% 5.33% 6.23% 11.5% 9.03% 10.9%
EPS 2 0.6026 1.203 0.9241 1.138 1.442 1.581 1.71 1.898
Distribution rate 64.7% - 70.2% 56.7% 58.1% 82.9% 59.9% 65.4%
Net sales 1 10,572 13,271 13,648 14,436 15,830 16,523 18,123 19,793
EBITDA 1 1,723 2,401 2,104 2,650 3,187 3,093 3,544 3,926
EBIT 1 813.9 1,407 889.1 1,259 1,797 1,932 2,169 2,466
Net income 1 633.1 1,292 976.3 1,197 1,500 1,521 1,669 1,867
Net Debt 1 180.6 1,812 -1,177 -1,826 -1,500 1,311 1,605 1,963
Reference price 2 22.22 18.62 15.84 12.12 13.45 11.35 11.35 11.35
Nbr of stocks (in thousands) 10,84,183 10,67,423 10,51,161 10,51,732 9,57,030 9,61,283 - -
Announcement Date 17/03/22 16/02/23 14/03/24 20/02/25 03/03/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.36x4.06x14.35x3.38% 21TCr
41.36x5.09x21.07x0.9% 14TCr
26.74x2.72x17.51x0.77% 7.37TCr
46.54x2.64x10.12x1.38% 3.49TCr
22.39x1.5x8.5x4.17% 2.93TCr
15.4x3x11.5x1.53% 2.44TCr
18.95x2.62x11.74x1.89% 2.37TCr
23.1x1.37x11.66x-.--% 1.67TCr
15.02x1.79x7.58x4.31% 1.07TCr
Average 26.21x 2.75x 12.67x 2.04% 6.19TCr
Weighted average by Cap. 30.02x 3.68x 15.39x 2.12%

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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