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 13,952 - -
Change - -17.5% -16.24% -23.43% 0.98% 8.39% - -
Enterprise Value (EV) 1 24,269 21,685 15,470 10,921 11,372 15,115 15,481 15,869
Change - -10.65% -28.66% -29.4% 4.13% 32.91% 2.42% 2.51%
P/E 36.9x 15.5x 17.1x 10.6x 9.33x 8.74x 7.98x 7.1x
PBR 2.46x - 1.66x 1.18x 1.3x 1.27x 1.19x 1.11x
PEG - 0.2x -0.7x 0.5x 0.3x 0.7x 0.84x 0.6x
Capitalization / Revenue 2.28x 1.5x 1.22x 0.88x 0.81x 0.82x 0.75x 0.69x
EV / Revenue 2.3x 1.63x 1.13x 0.76x 0.72x 0.89x 0.83x 0.78x
EV / EBITDA 14.1x 9.03x 7.35x 4.12x 3.57x 4.52x 4.08x 3.78x
EV / EBIT 29.8x 15.4x 17.4x 8.67x 6.33x 7.2x 6.58x 5.91x
EV / FCF 86.2x 50.3x 8.74x 6.04x 7.91x 11.2x 11.5x 9.91x
FCF Yield 1.16% 1.99% 11.4% 16.6% 12.6% 8.9% 8.71% 10.1%
Dividend per Share 2 0.3896 - 0.6488 0.6456 0.8383 0.84 1.032 1.163
Rate of return 1.75% - 4.1% 5.33% 6.23% 5.88% 7.22% 8.14%
EPS 2 0.6026 1.203 0.9241 1.138 1.442 1.635 1.791 2.012
Distribution rate 64.7% - 70.2% 56.7% 58.1% 51.4% 57.6% 57.8%
Net sales 1 10,572 13,271 13,648 14,436 15,830 17,026 18,564 20,308
EBITDA 1 1,723 2,401 2,104 2,650 3,187 3,340 3,791 4,203
EBIT 1 813.9 1,407 889.1 1,259 1,797 2,099 2,352 2,683
Net income 1 633.1 1,292 976.3 1,197 1,500 1,602 1,777 2,003
Net Debt 1 180.6 1,812 -1,177 -1,826 -1,500 1,163 1,529 1,917
Reference price 2 22.22 18.62 15.84 12.12 13.45 14.29 14.29 14.29
Nbr of stocks (in thousands) 10,84,183 10,67,423 10,51,161 10,51,732 9,57,030 9,76,323 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.74x0.89x4.52x5.88% 271.48Cr
25.6x3.79x13.41x3.48% 20TCr
51.25x6.25x26.09x0.73% 16TCr
29.86x2.84x19.02x0.77% 7.47TCr
45x2.89x11.23x1.33% 3.82TCr
21.08x3.8x15.22x1.11% 2.9TCr
21.48x1.47x8.22x4.31% 2.84TCr
17.83x2.47x10.96x2.01% 2.14TCr
29.1x1.69x14.34x-.--% 2.1TCr
13.31x1.62x6.76x5.01% 929.68Cr
Average 26.32x 2.77x 12.98x 2.46% 5.82TCr
Weighted average by Cap. 33.53x 3.99x 17.07x 2.02%

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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  4. Valuation Lojas Renner S.A.
-40%: Exceptional extension
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