Market Closed -
Sao Paulo
04:14:18 2024-05-31 pm EDT
|
5-day change
|
1st Jan Change
|
11.56
BRL
|
-3.26%
|
|
-2.61%
|
-15.80%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
293,740
|
246,228
|
242,713
|
228,568
|
216,110
|
182,043
|
-
|
-
|
Enterprise Value (EV)
1 |
284,888
|
232,230
|
227,302
|
217,032
|
203,275
|
166,999
|
162,848
|
155,918
|
P/E ratio
|
25.2
x
|
21.7
x
|
19.3
x
|
-
|
15
x
|
12.5
x
|
11.5
x
|
11
x
|
Yield
|
2.63%
|
3.13%
|
3.91%
|
-
|
5.32%
|
6.59%
|
6.77%
|
7.08%
|
Capitalization / Revenue
|
5.58
x
|
4.22
x
|
3.33
x
|
2.87
x
|
2.71
x
|
2.15
x
|
2.03
x
|
1.91
x
|
EV / Revenue
|
5.42
x
|
3.98
x
|
3.12
x
|
2.72
x
|
2.55
x
|
1.97
x
|
1.82
x
|
1.63
x
|
EV / EBITDA
|
13.5
x
|
10.8
x
|
9.94
x
|
9.13
x
|
7.99
x
|
6.04
x
|
5.49
x
|
5.07
x
|
EV / FCF
|
21.4
x
|
16.4
x
|
14.9
x
|
15.4
x
|
10.9
x
|
9.53
x
|
10.9
x
|
9.77
x
|
FCF Yield
|
4.67%
|
6.1%
|
6.7%
|
6.5%
|
9.2%
|
10.5%
|
9.19%
|
10.2%
|
Price to Book
|
4.79
x
|
3.34
x
|
2.94
x
|
-
|
2.74
x
|
2.15
x
|
2.08
x
|
1.94
x
|
Nbr of stocks (in thousands)
|
15,733,264
|
15,733,430
|
15,740,153
|
15,741,582
|
15,739,975
|
15,747,644
|
-
|
-
|
Reference price
2 |
18.67
|
15.65
|
15.42
|
14.52
|
13.73
|
11.56
|
11.56
|
11.56
|
Announcement Date
|
2/27/20
|
2/25/21
|
2/24/22
|
3/2/23
|
2/29/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
52,600
|
58,379
|
72,854
|
79,709
|
79,737
|
84,706
|
89,706
|
95,486
|
EBITDA
1 |
21,147
|
21,592
|
22,870
|
23,771
|
25,455
|
27,661
|
29,679
|
30,750
|
EBIT
1 |
16,472
|
16,424
|
17,473
|
17,831
|
19,038
|
20,760
|
22,534
|
23,839
|
Operating Margin
|
31.32%
|
28.13%
|
23.98%
|
22.37%
|
23.88%
|
24.51%
|
25.12%
|
24.97%
|
Earnings before Tax (EBT)
1 |
12,943
|
13,494
|
13,759
|
14,236
|
15,036
|
17,888
|
19,721
|
21,817
|
Net income
1 |
11,780
|
11,379
|
12,671
|
14,458
|
14,502
|
14,585
|
15,783
|
17,024
|
Net margin
|
22.4%
|
19.49%
|
17.39%
|
18.14%
|
18.19%
|
17.22%
|
17.59%
|
17.83%
|
EPS
2 |
0.7400
|
0.7200
|
0.7991
|
-
|
0.9156
|
0.9246
|
1.005
|
1.050
|
Free Cash Flow
1 |
13,312
|
14,163
|
15,224
|
14,109
|
18,707
|
17,532
|
14,966
|
15,953
|
FCF margin
|
25.31%
|
24.26%
|
20.9%
|
17.7%
|
23.46%
|
20.7%
|
16.68%
|
16.71%
|
FCF Conversion (EBITDA)
|
62.95%
|
65.6%
|
66.57%
|
59.35%
|
73.49%
|
63.38%
|
50.43%
|
51.88%
|
FCF Conversion (Net income)
|
113%
|
124.46%
|
120.15%
|
97.59%
|
129%
|
120.21%
|
94.83%
|
93.71%
|
Dividend per Share
2 |
0.4906
|
0.4904
|
0.6036
|
-
|
0.7302
|
0.7616
|
0.7831
|
0.8187
|
Announcement Date
|
2/27/20
|
2/25/21
|
2/24/22
|
3/2/23
|
2/29/24
|
-
|
-
|
-
|
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 |
22,011
|
18,439
|
17,989
|
20,588
|
22,693
|
20,532
|
18,898
|
20,318
|
19,989
|
20,276
|
19,899
|
21,104
|
23,754
|
22,462
|
20,840
|
EBITDA
1 |
6,784
|
5,523
|
5,538
|
5,601
|
7,109
|
6,444
|
5,275
|
6,584
|
7,152
|
6,535
|
5,655
|
7,277
|
8,724
|
-
|
-
|
EBIT
1 |
5,322
|
4,192
|
4,068
|
4,077
|
5,494
|
4,918
|
3,571
|
4,913
|
5,636
|
4,902
|
3,890
|
5,367
|
6,662
|
5,339
|
-
|
Operating Margin
|
24.18%
|
22.73%
|
22.62%
|
19.8%
|
24.21%
|
23.95%
|
18.9%
|
24.18%
|
28.19%
|
24.18%
|
19.55%
|
25.43%
|
28.05%
|
23.77%
|
-
|
Earnings before Tax (EBT)
1 |
4,104
|
3,566
|
3,539
|
2,804
|
4,328
|
3,878
|
2,372
|
4,060
|
4,727
|
4,475
|
3,446
|
-
|
6,271
|
5,204
|
4,685
|
Net income
1 |
3,607
|
3,529
|
2,970
|
3,109
|
4,967
|
3,700
|
2,503
|
3,912
|
4,388
|
3,700
|
2,682
|
3,941
|
4,784
|
-
|
-
|
Net margin
|
16.39%
|
19.14%
|
16.51%
|
15.1%
|
21.89%
|
18.02%
|
13.24%
|
19.25%
|
21.95%
|
18.25%
|
13.48%
|
18.67%
|
20.14%
|
-
|
-
|
EPS
2 |
0.2276
|
0.2200
|
0.1900
|
0.2000
|
-
|
0.2300
|
0.1600
|
0.2500
|
0.2756
|
0.2300
|
0.1699
|
0.2386
|
0.2991
|
0.2433
|
0.2250
|
Dividend per Share
2 |
0.6036
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
0.7302
|
-
|
-
|
-
|
0.3786
|
0.2100
|
0.1900
|
Announcement Date
|
2/24/22
|
5/5/22
|
7/28/22
|
10/27/22
|
3/2/23
|
5/4/23
|
8/3/23
|
10/31/23
|
2/29/24
|
5/8/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
8,853
|
13,998
|
15,411
|
11,536
|
12,835
|
15,044
|
19,195
|
26,125
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
13,312
|
14,163
|
15,224
|
14,109
|
18,707
|
17,532
|
14,966
|
15,953
|
ROE (net income / shareholders' equity)
|
20%
|
16.8%
|
16.2%
|
17.6%
|
18%
|
17.1%
|
18%
|
18.5%
|
ROA (Net income/ Total Assets)
|
11.9%
|
10%
|
9.61%
|
10.5%
|
10.7%
|
11.2%
|
11.4%
|
11.8%
|
Assets
1 |
98,729
|
113,465
|
131,900
|
138,274
|
135,302
|
130,424
|
138,582
|
144,396
|
Book Value Per Share
2 |
3.900
|
4.690
|
5.250
|
-
|
5.010
|
5.390
|
5.560
|
5.950
|
Cash Flow per Share
2 |
1.160
|
1.190
|
1.440
|
-
|
1.560
|
1.110
|
1.330
|
1.410
|
Capex
1 |
5,069
|
4,693
|
7,677
|
6,533
|
6,004
|
6,642
|
7,226
|
7,322
|
Capex / Sales
|
9.64%
|
8.04%
|
10.54%
|
8.2%
|
7.53%
|
7.84%
|
8.05%
|
7.67%
|
Announcement Date
|
2/27/20
|
2/25/21
|
2/24/22
|
3/2/23
|
2/29/24
|
-
|
-
|
-
|
Last Close Price
11.56
BRL Average target price
15.79
BRL Spread / Average Target +36.56% Consensus |
1st Jan change
|
Capi.
|
---|
| -15.80% | 34.73B | | -0.07% | 56.14B | | +3.51% | 45.78B | | -1.96% | 23.04B | | +9.71% | 18.64B | | +9.19% | 18.5B | | -32.42% | 16.66B | | -8.33% | 13.01B | | +5.44% | 12.23B | | -10.46% | 11.63B |
Other Brewers
|