Market Closed -
Sao Paulo
04:07:35 2024-05-31 pm EDT
|
5-day change
|
1st Jan Change
|
24.69
BRL
|
+9.93%
|
|
-1.87%
|
+10.27%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,217
|
1,943
|
1,843
|
2,330
|
3,867
|
4,278
|
-
|
-
|
Enterprise Value (EV)
1 |
2,319
|
2,099
|
2,035
|
2,515
|
3,862
|
4,605
|
4,676
|
4,887
|
P/E ratio
|
22.4
x
|
17.2
x
|
11.7
x
|
11.2
x
|
11
x
|
8.07
x
|
6.83
x
|
5.98
x
|
Yield
|
3.33%
|
6.19%
|
5.43%
|
7.48%
|
2.1%
|
2.66%
|
7.33%
|
12.7%
|
Capitalization / Revenue
|
1.52
x
|
1.29
x
|
1.04
x
|
1.08
x
|
1.64
x
|
1.32
x
|
1.03
x
|
0.95
x
|
EV / Revenue
|
1.59
x
|
1.4
x
|
1.15
x
|
1.16
x
|
1.64
x
|
1.42
x
|
1.13
x
|
1.08
x
|
EV / EBITDA
|
9.65
x
|
7.47
x
|
5.38
x
|
5.75
x
|
7.06
x
|
6.06
x
|
4.81
x
|
4.62
x
|
EV / FCF
|
10.4
x
|
7.67
x
|
22.8
x
|
13.9
x
|
-21.7
x
|
-40
x
|
-18.8
x
|
10.7
x
|
FCF Yield
|
9.65%
|
13%
|
4.39%
|
7.2%
|
-4.61%
|
-2.5%
|
-5.33%
|
9.33%
|
Price to Book
|
1.77
x
|
1.57
x
|
1.46
x
|
1.75
x
|
1.98
x
|
1.84
x
|
1.74
x
|
1.37
x
|
Nbr of stocks (in thousands)
|
147,806
|
148,400
|
145,006
|
148,985
|
172,694
|
173,260
|
-
|
-
|
Reference price
2 |
15.00
|
13.09
|
12.71
|
15.64
|
22.39
|
24.69
|
24.69
|
24.69
|
Announcement Date
|
3/9/20
|
3/15/21
|
3/14/22
|
3/13/23
|
3/11/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,458
|
1,501
|
1,776
|
2,163
|
2,355
|
3,245
|
4,140
|
4,522
|
EBITDA
1 |
240.2
|
281.1
|
378.2
|
437.7
|
547
|
760
|
971.2
|
1,058
|
EBIT
1 |
204.3
|
239.6
|
326.9
|
384.3
|
486.3
|
680.3
|
867.8
|
944.5
|
Operating Margin
|
14.01%
|
15.97%
|
18.4%
|
17.77%
|
20.65%
|
20.96%
|
20.96%
|
20.89%
|
Earnings before Tax (EBT)
1 |
153.8
|
181.2
|
244.3
|
322.4
|
436.9
|
689.5
|
777.4
|
906.6
|
Net income
1 |
100.5
|
113.1
|
159.5
|
208.8
|
331.6
|
533.8
|
642.6
|
716.8
|
Net margin
|
6.89%
|
7.53%
|
8.98%
|
9.66%
|
14.08%
|
16.45%
|
15.52%
|
15.85%
|
EPS
2 |
0.6700
|
0.7600
|
1.090
|
1.400
|
2.030
|
3.060
|
3.615
|
4.131
|
Free Cash Flow
1 |
223.7
|
273.7
|
89.42
|
181
|
-178.1
|
-115
|
-249
|
456
|
FCF margin
|
15.34%
|
18.24%
|
5.03%
|
8.37%
|
-7.56%
|
-3.54%
|
-6.01%
|
10.08%
|
FCF Conversion (EBITDA)
|
93.14%
|
97.37%
|
23.64%
|
41.35%
|
-
|
-
|
-
|
43.11%
|
FCF Conversion (Net income)
|
222.68%
|
242.03%
|
56.06%
|
86.67%
|
-
|
-
|
-
|
63.62%
|
Dividend per Share
2 |
0.5000
|
0.8100
|
0.6900
|
1.170
|
0.4700
|
0.6566
|
1.810
|
3.146
|
Announcement Date
|
3/9/20
|
3/15/21
|
3/14/22
|
3/13/23
|
3/11/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
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
|
---|
Net sales
1 |
453.4
|
487
|
468.1
|
586.1
|
574.4
|
534
|
557.3
|
605.4
|
557.7
|
634.8
|
669.4
|
770.9
|
855.1
|
880.1
|
1,024
|
EBITDA
1 |
100.7
|
109.8
|
97.03
|
118.9
|
107.8
|
113.8
|
121
|
134.2
|
139.6
|
152.2
|
164.5
|
181.3
|
185.7
|
191.7
|
238.9
|
EBIT
1 |
87.66
|
96.1
|
82.85
|
105.3
|
95.01
|
101
|
107.5
|
117.1
|
123
|
138.9
|
148.4
|
147
|
205
|
211.6
|
225.2
|
Operating Margin
|
19.34%
|
19.73%
|
17.7%
|
17.96%
|
16.54%
|
18.91%
|
19.29%
|
19.34%
|
22.06%
|
21.88%
|
22.17%
|
19.07%
|
23.97%
|
24.05%
|
21.99%
|
Earnings before Tax (EBT)
1 |
-
|
-
|
-
|
-
|
-
|
-
|
83.6
|
128.3
|
96.97
|
128
|
181.4
|
122.3
|
138.9
|
159.4
|
201.6
|
Net income
1 |
47.18
|
44.53
|
27.43
|
55.14
|
63.26
|
76.88
|
58.75
|
104.4
|
68.76
|
99.61
|
150.3
|
138.8
|
141
|
143.3
|
164.2
|
Net margin
|
10.41%
|
9.14%
|
5.86%
|
9.41%
|
11.01%
|
14.4%
|
10.54%
|
17.25%
|
12.33%
|
15.69%
|
22.45%
|
18%
|
16.49%
|
16.29%
|
16.04%
|
EPS
2 |
0.3200
|
0.3100
|
0.1800
|
0.2800
|
0.4200
|
0.5200
|
0.3900
|
0.6900
|
0.4300
|
0.5700
|
0.8700
|
0.8000
|
0.8100
|
0.8300
|
0.9511
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.4700
|
-
|
1.826
|
-
|
-
|
-
|
Announcement Date
|
11/8/21
|
3/14/22
|
5/5/22
|
8/8/22
|
11/7/22
|
3/13/23
|
5/8/23
|
8/7/23
|
11/7/23
|
3/11/24
|
5/9/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
102
|
157
|
192
|
185
|
-
|
327
|
398
|
609
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
4.13
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.4233
x
|
0.5584
x
|
0.5083
x
|
0.4227
x
|
-
|
0.4308
x
|
0.4097
x
|
0.5756
x
|
Free Cash Flow
1 |
224
|
274
|
89.4
|
181
|
-178
|
-115
|
-249
|
456
|
ROE (net income / shareholders' equity)
|
7.91%
|
9.11%
|
11%
|
16%
|
13%
|
24.7%
|
27.3%
|
22.5%
|
ROA (Net income/ Total Assets)
|
2.16%
|
2.32%
|
3.08%
|
3.42%
|
4.72%
|
7.03%
|
7.67%
|
7.63%
|
Assets
1 |
4,653
|
4,878
|
5,182
|
6,107
|
7,031
|
7,597
|
8,376
|
9,394
|
Book Value Per Share
2 |
8.500
|
8.360
|
8.710
|
8.930
|
11.30
|
13.40
|
14.20
|
18.00
|
Cash Flow per Share
2 |
1.610
|
1.920
|
0.7100
|
1.470
|
-1.050
|
0.0600
|
0.2300
|
-
|
Capex
1 |
16.8
|
11.7
|
14.2
|
39.4
|
24.1
|
111
|
105
|
164
|
Capex / Sales
|
1.15%
|
0.78%
|
0.8%
|
1.82%
|
1.02%
|
3.4%
|
2.53%
|
3.63%
|
Announcement Date
|
3/9/20
|
3/15/21
|
3/14/22
|
3/13/23
|
3/11/24
|
-
|
-
|
-
|
Last Close Price
24.69
BRL Average target price
29.73
BRL Spread / Average Target +20.40% Consensus |
1st Jan change
|
Capi.
|
---|
| +10.27% | 816M | | +0.91% | 25.44B | | -21.13% | 12.51B | | +9.67% | 11.03B | | -25.23% | 7.71B | | -10.07% | 6.65B | | +2.42% | 6.53B | | -2.35% | 6.37B | | +1.44% | 3.82B | | +42.97% | 3.56B |
Residential Real Estate Development
|