Market Closed -
Sao Paulo
12:37:00 24/05/2024 am IST
|
5-day change
|
1st Jan Change
|
255.8
BRL
|
+0.13%
|
|
-0.71%
|
+13.50%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,32,389
|
1,28,930
|
1,47,899
|
1,56,896
|
1,46,050
|
1,55,347
|
-
|
-
|
Enterprise Value (EV)
1 |
1,56,573
|
1,53,186
|
1,71,209
|
1,96,812
|
1,90,899
|
1,98,439
|
1,96,437
|
1,95,659
|
P/E ratio
|
18.5
x
|
16
x
|
16.3
x
|
17.4
x
|
18.7
x
|
16.5
x
|
15.1
x
|
13.9
x
|
Yield
|
5.43%
|
5.73%
|
5.16%
|
4.98%
|
5.53%
|
5.28%
|
5.5%
|
5.63%
|
Capitalization / Revenue
|
4.44
x
|
4.49
x
|
4.71
x
|
4.94
x
|
4.15
x
|
4.2
x
|
3.96
x
|
3.73
x
|
EV / Revenue
|
5.25
x
|
5.34
x
|
5.45
x
|
6.2
x
|
5.43
x
|
5.37
x
|
5.01
x
|
4.69
x
|
EV / EBITDA
|
12.3
x
|
12.1
x
|
11.8
x
|
14.3
x
|
13.5
x
|
12.8
x
|
11.8
x
|
11
x
|
EV / FCF
|
16.9
x
|
16.6
x
|
15.3
x
|
20.2
x
|
24.2
x
|
19.6
x
|
18.2
x
|
17.1
x
|
FCF Yield
|
5.9%
|
6.01%
|
6.55%
|
4.94%
|
4.13%
|
5.1%
|
5.5%
|
5.86%
|
Price to Book
|
-11.4
x
|
-10.3
x
|
-14.6
x
|
-17.5
x
|
-13
x
|
-15.9
x
|
-21.1
x
|
-25.5
x
|
Nbr of stocks (in thousands)
|
15,55,875
|
15,57,316
|
15,56,828
|
15,50,202
|
15,52,406
|
15,54,557
|
-
|
-
|
Reference price
2 |
85.09
|
82.79
|
95.00
|
101.2
|
94.08
|
99.93
|
99.93
|
99.93
|
Announcement Date
|
06/02/20
|
04/02/21
|
10/02/22
|
09/02/23
|
08/02/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
29,805
|
28,694
|
31,405
|
31,762
|
35,174
|
36,961
|
39,226
|
41,686
|
EBITDA
1 |
12,724
|
12,679
|
14,486
|
13,802
|
14,193
|
15,512
|
16,598
|
17,797
|
EBIT
1 |
11,760
|
11,698
|
13,488
|
12,908
|
13,337
|
14,167
|
15,381
|
16,389
|
Operating Margin
|
39.46%
|
40.77%
|
42.95%
|
40.64%
|
37.92%
|
38.33%
|
39.21%
|
39.31%
|
Earnings before Tax (EBT)
1 |
9,872
|
10,953
|
12,232
|
11,634
|
10,450
|
12,505
|
13,621
|
14,778
|
Net income
1 |
7,185
|
8,056
|
9,109
|
9,048
|
7,813
|
9,460
|
10,279
|
11,174
|
Net margin
|
24.11%
|
28.08%
|
29%
|
28.49%
|
22.21%
|
25.59%
|
26.2%
|
26.81%
|
EPS
2 |
4.610
|
5.160
|
5.830
|
5.810
|
5.020
|
6.041
|
6.620
|
7.183
|
Free Cash Flow
1 |
9,238
|
9,210
|
11,219
|
9,726
|
7,883
|
10,126
|
10,803
|
11,465
|
FCF margin
|
30.99%
|
32.1%
|
35.72%
|
30.62%
|
22.41%
|
27.4%
|
27.54%
|
27.5%
|
FCF Conversion (EBITDA)
|
72.6%
|
72.64%
|
77.45%
|
70.47%
|
55.54%
|
65.28%
|
65.09%
|
64.42%
|
FCF Conversion (Net income)
|
128.57%
|
114.32%
|
123.16%
|
107.49%
|
100.9%
|
107.04%
|
105.09%
|
102.6%
|
Dividend per Share
2 |
4.620
|
4.740
|
4.900
|
5.040
|
5.200
|
5.278
|
5.497
|
5.624
|
Announcement Date
|
06/02/20
|
04/02/21
|
10/02/22
|
09/02/23
|
08/02/24
|
-
|
-
|
-
|
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 |
8,104
|
7,746
|
7,832
|
8,032
|
8,152
|
8,019
|
8,967
|
9,141
|
9,047
|
8,793
|
9,170
|
9,465
|
9,391
|
9,359
|
9,828
|
EBITDA
1 |
3,272
|
3,589
|
3,470
|
3,542
|
3,201
|
3,215
|
3,745
|
3,950
|
3,283
|
3,592
|
3,818
|
4,159
|
3,560
|
4,055
|
4,267
|
EBIT
1 |
2,993
|
3,340
|
3,224
|
3,330
|
2,976
|
3,019
|
3,532
|
3,734
|
3,052
|
3,360
|
3,593
|
3,836
|
3,341
|
3,763
|
4,017
|
Operating Margin
|
36.93%
|
43.12%
|
41.16%
|
41.46%
|
36.51%
|
37.65%
|
39.39%
|
40.85%
|
33.73%
|
38.21%
|
39.18%
|
40.53%
|
35.58%
|
40.2%
|
40.87%
|
Earnings before Tax (EBT)
1 |
2,768
|
3,140
|
2,925
|
2,823
|
2,746
|
2,479
|
2,263
|
3,101
|
2,607
|
2,731
|
3,195
|
3,423
|
2,873
|
3,204
|
3,521
|
Net income
1 |
2,093
|
2,331
|
2,233
|
2,087
|
2,397
|
1,995
|
1,568
|
2,054
|
2,196
|
2,148
|
2,325
|
2,590
|
2,342
|
2,474
|
2,586
|
Net margin
|
25.83%
|
30.09%
|
28.51%
|
25.98%
|
29.4%
|
24.88%
|
17.49%
|
22.47%
|
24.27%
|
24.43%
|
25.35%
|
27.37%
|
24.94%
|
26.43%
|
26.32%
|
EPS
2 |
1.340
|
1.500
|
1.430
|
1.340
|
1.540
|
1.280
|
1.010
|
1.320
|
1.410
|
1.380
|
1.488
|
1.673
|
1.499
|
1.630
|
1.672
|
Dividend per Share
2 |
1.250
|
1.250
|
1.250
|
1.270
|
1.270
|
1.270
|
1.270
|
1.300
|
1.300
|
1.300
|
1.335
|
1.287
|
1.332
|
1.338
|
1.349
|
Announcement Date
|
10/02/22
|
21/04/22
|
21/07/22
|
20/10/22
|
09/02/23
|
20/04/23
|
20/07/23
|
19/10/23
|
08/02/24
|
23/04/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
24,184
|
24,256
|
23,310
|
39,916
|
44,849
|
43,092
|
41,090
|
40,313
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.901
x
|
1.913
x
|
1.609
x
|
2.892
x
|
3.16
x
|
2.778
x
|
2.476
x
|
2.265
x
|
Free Cash Flow
1 |
9,238
|
9,210
|
11,219
|
9,726
|
7,883
|
10,126
|
10,803
|
11,465
|
ROE (net income / shareholders' equity)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
ROA (Net income/ Total Assets)
|
17.4%
|
18.4%
|
21.2%
|
18%
|
14.7%
|
14.7%
|
15.9%
|
17.2%
|
Assets
1 |
41,341
|
43,845
|
43,052
|
50,193
|
53,149
|
64,357
|
64,519
|
65,036
|
Book Value Per Share
2 |
-7.450
|
-8.070
|
-6.490
|
-5.770
|
-7.230
|
-6.290
|
-4.740
|
-3.920
|
Cash Flow per Share
2 |
6.480
|
6.300
|
7.680
|
6.960
|
5.930
|
6.550
|
7.560
|
7.930
|
Capex
1 |
852
|
602
|
748
|
1,077
|
1,321
|
1,273
|
1,274
|
1,307
|
Capex / Sales
|
2.86%
|
2.1%
|
2.38%
|
3.39%
|
3.76%
|
3.44%
|
3.25%
|
3.14%
|
Announcement Date
|
06/02/20
|
04/02/21
|
10/02/22
|
09/02/23
|
08/02/24
|
-
|
-
|
-
|
Last Close Price
99.93
USD Average target price
109.4
USD Spread / Average Target +9.50% Consensus |
1st Jan change
|
Capi.
|
---|
| +4.12% | 6.75TCr | | +7.17% | 2.1TCr | | +24.92% | 646.55Cr | | +82.94% | 241.51Cr | | -4.61% | 179.94Cr | | -3.90% | 170.64Cr | | -31.67% | 113.04Cr | | 0.00% | 66Cr | | +24.85% | 58Cr |
Other Tobacco
|