IRB - BRASIL RESSEGUROS S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 33.25 BRL | -18.44% |
|
-4.65% | -24.94% |
| May. 14 | Transcript : IRB-Brasil Resseguros S.A., Q1 2024 Earnings Call, May 14, 2024 | |
| Apr. 01 | Transcript : IRB-Brasil Resseguros S.A., Q4 2023 Earnings Call, Apr 01, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 36,272 | 10,268 | 5,046 | 2,112 | 3,625 | 2,760 | - | - |
| Enterprise Value (EV) 1 | 36,272 | 10,268 | 1,871 | 2,112 | 3,625 | 2,760 | 2,760 | 2,760 |
| P/E ratio | 20.6 x | -5.18 x | -7.44 x | -3.31 x | -29.3 x | 8 x | 5.33 x | 4.33 x |
| Yield | 3.26% | - | - | - | - | - | 4.7% | 8.12% |
| Capitalization / Revenue | 6.39 x | 1.81 x | 0.86 x | 0.41 x | 0.87 x | 0.62 x | 0.48 x | 0.45 x |
| EV / Revenue | 6.39 x | 1.81 x | 0.86 x | 0.41 x | 0.87 x | 0.62 x | 0.48 x | 0.45 x |
| EV / EBITDA | 30,736,983 x | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 7.84 x | 1.85 x | 1.41 x | 0.52 x | 0.85 x | 0.61 x | 0.56 x | 0.52 x |
| Nbr of stocks (in thousands) | 31,042 | 41,843 | 41,843 | 81,843 | 81,839 | 81,838 | - | - |
| Reference price 2 | 1,169 | 245.4 | 120.6 | 25.80 | 44.30 | 33.72 | 33.72 | 33.72 |
| Announcement Date | 2/19/20 | 2/19/21 | 2/24/22 | 3/8/23 | 3/29/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,674 | 5,684 | 5,900 | 5,098 | 4,151 | 4,463 | 5,695 | 6,185 |
| EBITDA | 1,180 | - | - | - | - | - | - | - |
| EBIT 1 | 1,136 | -1,144 | -1,569 | -1,537 | -325.7 | 275 | - | - |
| Operating Margin | 20.01% | -20.12% | -26.59% | -30.16% | -7.85% | 6.16% | - | - |
| Earnings before Tax (EBT) 1 | 1,912 | -1,884 | -1,395 | -1,181 | -256.7 | 402 | 729.5 | 903.6 |
| Net income 1 | 1,764 | -1,521 | -682.7 | -630.4 | -123.9 | 345.4 | 518.8 | 638.1 |
| Net margin | 31.08% | -26.77% | -11.57% | -12.37% | -2.98% | 7.74% | 9.11% | 10.32% |
| EPS 2 | 56.70 | -47.40 | -16.20 | -7.800 | -1.510 | 4.216 | 6.326 | 7.781 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 38.12 | - | - | - | - | - | 1.584 | 2.739 |
| Announcement Date | 2/19/20 | 2/19/21 | 2/24/22 | 3/8/23 | 3/29/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,044 | 1,151 | 1,340 | 1,187 | 1,419 | 1,207 | 1,021 | 852.4 | 1,070 | 909.1 | 1,027 | 1,224 | 1,302 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | -166.7 | -727.6 | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | -14.48% | -54.3% | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | -609.1 | 45.17 | -623.2 | -494.4 | -108.3 | 14 | 8.716 | 68.03 | -350.2 | - | 47 | 98 | 117 |
| Net income 1 | -370.9 | 80.49 | -373.3 | -298.8 | -38.8 | 8.551 | 20.08 | 47.74 | -200.2 | 236.8 | 89.78 | 94.97 | 97.54 |
| Net margin | -35.54% | 6.99% | -27.86% | -25.17% | -2.73% | 0.71% | 1.97% | 5.6% | -18.7% | 26.05% | 8.74% | 7.76% | 7.49% |
| EPS | -8.700 | 1.800 | -9.000 | -6.600 | -0.4740 | 0.3000 | 0.2500 | 0.5800 | -2.440 | 2.890 | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 5/16/22 | 8/16/22 | 11/11/22 | 3/8/23 | 5/15/23 | 8/15/23 | 11/10/23 | 3/29/24 | 5/16/24 | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | 3,176 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 40.8% | -37.1% | -17% | -16.4% | -2.88% | 5.9% | 11.1% | 12.9% |
| ROA (Net income/ Total Assets) | 10.7% | -7.56% | -3.02% | -2.76% | -0.78% | 1.4% | 2.6% | 3.6% |
| Assets 1 | 16,559 | 20,111 | 22,582 | 22,828 | 15,960 | 24,670 | 19,956 | 17,725 |
| Book Value Per Share 2 | 149.0 | 133.0 | 85.30 | 49.80 | 52.00 | 55.10 | 59.70 | 65.00 |
| Cash Flow per Share | - | -46.40 | -3.110 | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/19/20 | 2/19/21 | 2/24/22 | 3/8/23 | 3/29/24 | - | - | - |
1BRL in Million2BRL
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
33.72
BRL
Average target price
44.16
BRL
Spread / Average Target
+30.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.94% | 536M | |
| +23.30% | 67.05B | |
| +4.85% | 29.71B | |
| +10.80% | 17.03B | |
| +16.67% | 12.09B | |
| +11.81% | 2.21B | |
| +11.71% | 1.85B | |
| +14.07% | 1.07B | |
| +32.37% | 590M | |
| +17.86% | 477M |
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- Financials IRB - Brasil Resseguros S.A.
