Financials Brisanet Participações S.A.

Equities

BRIT3

BRBRITACNOR0

Integrated Telecommunications Services

Delayed Sao Paulo 09:28:49 2024-07-17 am EDT 5-day change 1st Jan Change
4.5 BRL +8.60% Intraday chart for Brisanet Participações S.A. +10.84% +21.29%

Valuation

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Capitalization 1 2,232 1,217 1,654 1,979 - -
Enterprise Value (EV) 1 2,307 1,918 2,399 3,036 3,224 3,212
P/E ratio 828 x 20.2 x 10.1 x 17.9 x 12.5 x 7.18 x
Yield 0.1% - - 0.17% 0.45% -
Capitalization / Revenue 3.06 x 1.24 x 1.35 x 1.36 x 1.11 x 0.89 x
EV / Revenue 3.17 x 1.95 x 1.95 x 2.09 x 1.8 x 1.44 x
EV / EBITDA 8.5 x 4.4 x 4.06 x 4.76 x 4 x 3.17 x
EV / FCF -4.57 x -3.19 x 45.9 x -8.78 x -65.3 x 17.8 x
FCF Yield -21.9% -31.4% 2.18% -11.4% -1.53% 5.6%
Price to Book 1.66 x 0.89 x 1.12 x 1.23 x 1.13 x 0.98 x
Nbr of stocks (in thousands) 449,095 445,845 445,745 445,745 - -
Reference price 2 4.970 2.730 3.710 4.440 4.440 4.440
Announcement Date 3/24/22 3/20/23 3/20/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net sales 1 728.8 985.2 1,228 1,453 1,789 2,228
EBITDA 1 271.4 435.8 591.6 638.5 805 1,012
EBIT 1 79.84 166.6 250.7 247.5 352.6 486.8
Operating Margin 10.95% 16.91% 20.41% 17.04% 19.71% 21.85%
Earnings before Tax (EBT) 1 12.35 105.6 168.7 162.6 244.2 326
Net income 1 2.242 60.71 163.7 117.4 165.4 219
Net margin 0.31% 6.16% 13.33% 8.08% 9.25% 9.83%
EPS 2 0.006000 0.1350 0.3670 0.2476 0.3558 0.6186
Free Cash Flow 1 -504.4 -601.4 52.31 -346 -49.33 180
FCF margin -69.22% -61.04% 4.26% -23.81% -2.76% 8.08%
FCF Conversion (EBITDA) - - 8.84% - - 17.79%
FCF Conversion (Net income) - - 31.97% - - 82.19%
Dividend per Share 2 0.005000 - - 0.007500 0.0200 -
Announcement Date 3/24/22 3/20/23 3/20/24 - - -
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 2025 Q1 2025 Q2
Net sales 1 204.5 216.9 236.6 254.2 277.5 292.1 300.2 310.5 325.1 334.4 335.1 361.6 390 409 428.6
EBITDA 1 68.5 77.6 96.6 118.6 143 139.4 148.4 149.6 151.6 141.3 150.3 161.8 178.4 181.8 193.3
EBIT 1 20.29 17.68 31.7 49.18 68.04 62 68.07 53.03 67.56 47.32 54.36 62 74.37 69.93 83.04
Operating Margin 9.93% 8.15% 13.4% 19.34% 24.52% 21.23% 22.67% 17.08% 20.78% 14.15% 16.22% 17.14% 19.07% 17.1% 19.37%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - 9.491 -1.255 22.01 30.46 25.18 44.01 31.73 62.56 - - - - - -
Net margin - 4.38% -0.53% 8.66% 10.98% 8.62% 14.66% 10.22% 19.25% - - - - - -
EPS 2 0.004000 0.0200 - 0.0490 0.0660 0.0600 0.1000 0.0710 0.1400 0.0500 0.0468 0.0571 0.0726 0.0501 0.0724
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 3/24/22 5/12/22 8/12/22 11/14/22 3/20/23 5/10/23 8/14/23 11/13/23 3/20/24 5/15/24 - - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2021 2022 2023 2024 2025 2026
Net Debt 1 74.7 701 746 1,057 1,245 1,233
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.2753 x 1.608 x 1.26 x 1.656 x 1.546 x 1.219 x
Free Cash Flow 1 -504 -601 52.3 -346 -49.3 180
ROE (net income / shareholders' equity) 0.31% 4.46% 11.4% 7.33% 8.18% 14.7%
ROA (Net income/ Total Assets) - - - - - -
Assets 1 - - - - - -
Book Value Per Share 2 2.990 3.070 3.330 3.610 3.910 4.530
Cash Flow per Share 2 0.8400 0.5700 1.160 1.010 1.350 -
Capex 1 1,044 857 464 818 847 879
Capex / Sales 143.21% 86.99% 37.8% 56.28% 47.38% 39.47%
Announcement Date 3/24/22 3/20/23 3/20/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
4.44 BRL
Average target price
4.712 BRL
Spread / Average Target
+6.14%
Consensus
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