Sayfa yüklenirken bir hata oluştu.
Teknik ekibimiz bilgilendirildi, ancak sorunun devam etmesi durumunda lütfen e-posta destek widget ile bize ulaşın.
Metrics | Range | Conclusion |
---|---|---|
Selected LTM EBIT Multiple | 4,8x - 5,3x | 5,1x |
Selected Fwd EBIT Multiple | 4,3x - 4,7x | 4,5x |
Fair Value | R$10,64 - R$11,68 | R$11,16 |
Upside | 20,9% - 32,7% | 26,8% |
Benchmarks | Ticker | Full Ticker |
Vittia S.A. | VITT3 | BOVESPA:VITT3 |
Sansuy S.A. | SNSY3 | BOVESPA:SNSY3 |
Tronox Pigmentos do Brasil S.A. | CRPG3 | BOVESPA:CRPG3 |
Nutriplant Indústria e Comércio S/A | NUTR3 | BOVESPA:NUTR3 |
Braskem S.A. | BRKM3 | BOVESPA:BRKM3 |
Dexxos Participações S.A. | DEXP3 | BOVESPA:DEXP3 |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
VITT3 | SNSY3 | CRPG3 | NUTR3 | BRKM3 | DEXP3 | ||
BOVESPA:VITT3 | BOVESPA:SNSY3 | BOVESPA:CRPG3 | BOVESPA:NUTR3 | BOVESPA:BRKM3 | BOVESPA:DEXP3 | ||
Historical EBIT Growth | |||||||
5Y CAGR | 5.8% | NM- | NM- | 83.5% | NM- | 39.0% | |
3Y CAGR | 2.3% | NM- | NM- | 15.4% | NM- | -8.8% | |
Latest Twelve Months | 6.9% | 399.9% | 12.3% | 14.8% | 73.4% | -3.3% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | 16.8% | 2.6% | 8.8% | 7.4% | 7.7% | 13.3% | |
Prior Fiscal Year | 13.1% | 7.2% | -1.2% | 5.5% | -4.0% | 14.3% | |
Latest Fiscal Year | 11.2% | 31.3% | -6.3% | 9.1% | -1.4% | 11.9% | |
Latest Twelve Months | 10.8% | 29.4% | -6.0% | 7.1% | -1.2% | 11.1% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 1.23x | 0.29x | 0.49x | 0.26x | 0.81x | 0.42x | |
EV / LTM EBITDA | 9.8x | 0.9x | -16.5x | 3.4x | 22.4x | 3.4x | |
EV / LTM EBIT | 11.4x | 1.0x | -8.2x | 3.7x | -69.4x | 3.8x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -69.4x | 1.0x | 11.4x | ||||
Historical EV / LTM EBIT | 3.4x | 4.0x | 9.3x | ||||
Selected EV / LTM EBIT | 4.8x | 5.1x | 5.3x | ||||
(x) LTM EBIT | 226 | 226 | 226 | ||||
(=) Implied Enterprise Value | 1,086 | 1,143 | 1,200 | ||||
(-) Non-shareholder Claims * | 91 | 91 | 91 | ||||
(=) Equity Value | 1,177 | 1,234 | 1,291 | ||||
(/) Shares Outstanding | 108.2 | 108.2 | 108.2 | ||||
Implied Value Range | 10.87 | 11.40 | 11.93 | ||||
FX Rate: BRL/BRL | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 10.87 | 11.40 | 11.93 | 8.80 | |||
Upside / (Downside) | 23.6% | 29.6% | 35.6% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | VITT3 | SNSY3 | CRPG3 | NUTR3 | BRKM3 | DEXP3 | |
Enterprise Value | 991 | 281 | 323 | 53 | 63,314 | 862 | |
(+) Cash & Short Term Investments | 18 | 15 | 140 | 2 | 13,029 | 278 | |
(+) Investments & Other | 0 | 2 | 0 | 0 | 502 | 59 | |
(-) Debt | (269) | (264) | (10) | (13) | (68,976) | (247) | |
(-) Other Liabilities | (0) | 18 | 0 | 0 | (441) | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 740 | 52 | 453 | 42 | 7,428 | 952 | |
(/) Shares Outstanding | 149.2 | 4.5 | 29.0 | 13.2 | 797.0 | 108.2 | |
Implied Stock Price | 4.96 | 11.60 | 15.61 | 3.21 | 9.32 | 8.80 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 4.96 | 11.60 | 15.61 | 3.21 | 9.32 | 8.80 | |
Trading Currency | BRL | BRL | BRL | BRL | BRL | BRL | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |