Financials Alphabet Inc. Sao Paulo

Equities

GOGL34

BRGOGLBDR001

Internet Services

Delayed Sao Paulo 11:52:14 2024-07-11 am EDT 5-day change 1st Jan Change
84.2 BRL +25.24% Intraday chart for Alphabet Inc. -1.46% +49.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 922,946 1,185,281 1,921,855 1,145,004 1,755,459 2,370,915 - -
Enterprise Value (EV) 1 807,825 1,062,519 1,797,023 1,045,943 1,657,796 2,260,841 2,236,996 2,192,061
P/E ratio 27.2 x 29.9 x 25.8 x 19.3 x 24.1 x 25.3 x 22.2 x 19.3 x
Yield - - - - - 0.31% 0.4% 0.44%
Capitalization / Revenue 5.7 x 6.49 x 7.46 x 4.05 x 5.71 x 6.84 x 6.15 x 5.57 x
EV / Revenue 4.99 x 5.82 x 6.98 x 3.7 x 5.39 x 6.52 x 5.8 x 5.15 x
EV / EBITDA 13.8 x 15.6 x 16.9 x 9.5 x 14 x 15.6 x 13.6 x 11.7 x
EV / FCF 26.1 x 24.8 x 26.8 x 17.4 x 23.9 x 28.1 x 24.4 x 20.1 x
FCF Yield 3.83% 4.03% 3.73% 5.74% 4.19% 3.55% 4.1% 4.96%
Price to Book 4.58 x 5.32 x 7.62 x 4.43 x 6.27 x 7.1 x 5.84 x 4.76 x
Nbr of stocks (in thousands) 13,793,749 13,528,525 13,275,280 12,943,000 12,516,000 12,357,994 - -
Reference price 2 66.97 87.63 144.9 88.23 139.7 191.2 191.2 191.2
Announcement Date 2/3/20 2/2/21 2/1/22 2/2/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 161,857 182,527 257,637 282,836 307,394 346,759 385,474 425,848
EBITDA 1 58,503 67,912 106,531 110,132 118,699 145,331 164,502 186,607
EBIT 1 34,231 41,224 78,714 74,842 84,293 107,047 122,711 139,120
Operating Margin 21.15% 22.59% 30.55% 26.46% 27.42% 30.87% 31.83% 32.67%
Earnings before Tax (EBT) 1 39,625 48,082 90,734 71,328 85,717 112,655 126,465 143,139
Net income 1 34,343 40,269 76,033 59,972 73,795 94,115 105,756 119,107
Net margin 21.22% 22.06% 29.51% 21.2% 24.01% 27.14% 27.44% 27.97%
EPS 2 2.458 2.930 5.610 4.560 5.800 7.568 8.608 9.923
Free Cash Flow 1 30,972 42,843 67,012 60,010 69,495 80,362 91,801 108,826
FCF margin 19.14% 23.47% 26.01% 21.22% 22.61% 23.18% 23.82% 25.55%
FCF Conversion (EBITDA) 52.94% 63.09% 62.9% 54.49% 58.55% 55.3% 55.81% 58.32%
FCF Conversion (Net income) 90.18% 106.39% 88.14% 100.06% 94.17% 85.39% 86.8% 91.37%
Dividend per Share 2 - - - - - 0.6004 0.7717 0.8340
Announcement Date 2/3/20 2/2/21 2/1/22 2/2/23 1/30/24 - - -
1USD in Million2USD
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 2025 Q1 2025 Q2
Net sales 1 75,325 68,011 69,685 69,092 76,048 69,787 74,604 76,693 86,310 80,539 84,074 85,834 95,849 89,274 93,494
EBITDA 1 29,278 28,380 28,134 26,157 27,461 25,885 31,009 30,886 32,672 34,149 36,128 36,001 39,047 39,286 40,622
EBIT 1 21,885 20,094 19,453 17,135 18,160 17,415 21,838 21,343 23,697 25,472 26,548 26,235 28,970 28,824 29,775
Operating Margin 29.05% 29.55% 27.92% 24.8% 23.88% 24.95% 29.27% 27.83% 27.46% 31.63% 31.58% 30.56% 30.22% 32.29% 31.85%
Earnings before Tax (EBT) 1 24,402 18,934 19,014 16,233 17,147 18,205 21,903 21,197 24,412 28,315 27,514 27,201 29,918 29,770 30,997
Net income 1 20,642 16,436 16,002 13,910 13,624 15,051 18,368 19,689 20,687 23,662 22,937 22,652 25,018 25,132 25,953
Net margin 27.4% 24.17% 22.96% 20.13% 17.92% 21.57% 24.62% 25.67% 23.97% 29.38% 27.28% 26.39% 26.1% 28.15% 27.76%
EPS 2 1.534 1.231 1.210 1.060 1.050 1.170 1.440 1.550 1.640 1.890 1.839 1.829 2.021 2.058 2.161
Dividend per Share 2 - - - - - - - - - - 0.2000 0.2000 0.2000 0.2000 0.2000
Announcement Date 2/1/22 4/26/22 7/26/22 10/25/22 2/2/23 4/25/23 7/25/23 10/24/23 1/30/24 4/25/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 115,121 122,762 124,832 99,061 97,663 110,073 133,919 178,853
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 30,972 42,843 67,012 60,010 69,495 80,362 91,801 108,826
ROE (net income / shareholders' equity) 19.3% 19% 32.1% 23.6% 29.7% 28.4% 26.9% 24.4%
ROA (Net income/ Total Assets) 14.4% 13.5% 22.4% 16.6% 19.2% 21.6% 20.9% 19.5%
Assets 1 238,709 297,762 339,442 362,266 383,828 436,164 506,963 611,435
Book Value Per Share 2 14.60 16.50 19.00 19.90 22.30 26.90 32.70 40.20
Cash Flow per Share 2 3.900 4.740 6.760 7.120 8.000 10.20 11.90 13.20
Capex 1 23,548 22,281 24,640 31,485 32,251 48,894 50,988 53,293
Capex / Sales 14.55% 12.21% 9.56% 11.13% 10.49% 14.1% 13.23% 12.51%
Announcement Date 2/3/20 2/2/21 2/1/22 2/2/23 1/30/24 - - -
1USD in Million2USD
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
59
Last Close Price
191.2 USD
Average target price
197.1 USD
Spread / Average Target
+3.07%
Consensus
1st Jan change Capi.
-14.86% 34.34B
-20.76% 19.55B
-19.15% 18.76B
-.--% 6.85B
-18.45% 230M
+15.38% 111M
-0.73% 71.9M
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