Financials General Dynamics Corporation Sao Paulo

Equities

GDBR34

BRGDBRBDR002

Aerospace & Defense

Market Closed - Sao Paulo 03:20:34 2024-07-12 pm EDT 5-day change 1st Jan Change
1,549 BRL +2.98% Intraday chart for General Dynamics Corporation +0.72% +23.67%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 50,898 42,609 58,108 67,986 70,736 77,764 - -
Enterprise Value (EV) 1 61,926 52,783 68,000 77,240 78,084 84,027 83,192 82,751
P/E ratio 14.7 x 13.5 x 18 x 20.4 x 21.6 x 19.5 x 17.4 x 16.1 x
Yield 2.31% 2.96% 2.28% 2.03% - 1.99% 2.12% 2.25%
Capitalization / Revenue 1.29 x 1.12 x 1.51 x 1.73 x 1.67 x 1.66 x 1.59 x 1.55 x
EV / Revenue 1.57 x 1.39 x 1.77 x 1.96 x 1.85 x 1.79 x 1.7 x 1.65 x
EV / EBITDA 11.3 x 10.5 x 13.5 x 15.2 x 15.3 x 14.1 x 12.8 x 12.2 x
EV / FCF 31.1 x 18.3 x 20.1 x 22.3 x 20.5 x 20.3 x 18.6 x 17.7 x
FCF Yield 3.22% 5.48% 4.98% 4.49% 4.87% 4.94% 5.37% 5.64%
Price to Book 3.76 x 2.72 x 3.28 x 3.67 x 3.34 x 3.53 x 3.37 x 3.25 x
Nbr of stocks (in thousands) 288,619 286,314 278,734 274,017 272,408 273,923 - -
Reference price 2 176.4 148.8 208.5 248.1 259.7 283.9 283.9 283.9
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 39,350 37,925 38,469 39,407 42,272 46,840 48,797 50,280
EBITDA 1 5,477 5,011 5,053 5,095 5,108 5,972 6,490 6,763
EBIT 1 4,648 4,133 4,163 4,211 4,245 5,105 5,584 5,882
Operating Margin 11.81% 10.9% 10.82% 10.69% 10.04% 10.9% 11.44% 11.7%
Earnings before Tax (EBT) 1 4,202 3,738 3,873 4,036 3,984 4,839 5,328 5,630
Net income 1 3,484 3,167 3,257 3,390 3,315 4,002 4,402 4,639
Net margin 8.85% 8.35% 8.47% 8.6% 7.84% 8.54% 9.02% 9.23%
EPS 2 11.98 11.00 11.55 12.19 12.02 14.56 16.35 17.66
Free Cash Flow 1 1,994 2,891 3,384 3,465 3,806 4,149 4,466 4,670
FCF margin 5.07% 7.62% 8.8% 8.79% 9% 8.86% 9.15% 9.29%
FCF Conversion (EBITDA) 36.41% 57.69% 66.97% 68.01% 74.51% 69.48% 68.82% 69.06%
FCF Conversion (Net income) 57.23% 91.29% 103.9% 102.21% 114.81% 103.69% 101.47% 100.67%
Dividend per Share 2 4.080 4.400 4.760 5.040 - 5.643 6.025 6.384
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
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 10,292 9,392 9,189 9,975 10,851 9,881 10,152 10,571 11,668 10,731 11,505 11,935 12,714 11,631 12,062
EBITDA 1 1,426 1,121 1,190 1,317 1,467 1,164 1,169 1,265 1,510 1,247 1,390 1,580 1,778 1,457 1,544
EBIT 1 1,186 908 978 1,098 1,227 938 962 1,057 1,288 1,036 1,181 1,352 1,537 1,233 1,352
Operating Margin 11.52% 9.67% 10.64% 11.01% 11.31% 9.49% 9.48% 10% 11.04% 9.65% 10.26% 11.33% 12.09% 10.6% 11.21%
Earnings before Tax (EBT) 1 1,132 849 923 1,053 1,211 880 886 991 1,227 968 1,124 1,281 1,459 1,174 1,285
Net income 1 952 730 766 902 992 730 744 836 1,005 799 926.8 1,060 1,206 972.8 1,064
Net margin 9.25% 7.77% 8.34% 9.04% 9.14% 7.39% 7.33% 7.91% 8.61% 7.45% 8.06% 8.88% 9.48% 8.36% 8.82%
EPS 2 3.390 2.610 2.750 3.260 3.580 2.640 2.700 3.040 3.640 2.880 3.332 3.850 4.485 3.596 3.911
Dividend per Share 2 1.190 1.260 1.260 1.260 1.260 1.320 1.320 1.320 - 1.420 1.415 1.415 1.415 1.457 1.486
Announcement Date 1/26/22 4/27/22 7/27/22 10/26/22 1/25/23 4/26/23 7/26/23 10/25/23 1/24/24 4/24/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 11,028 10,174 9,892 9,254 7,348 6,263 5,428 4,987
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.014 x 2.03 x 1.958 x 1.816 x 1.439 x 1.049 x 0.8363 x 0.7375 x
Free Cash Flow 1 1,994 2,891 3,384 3,465 3,806 4,149 4,466 4,670
ROE (net income / shareholders' equity) 27.2% 22% 20.4% 18.7% 16.8% 18.6% 19.7% 20.3%
ROA (Net income/ Total Assets) 7.39% 6.29% 6.43% 6.67% 6.23% 7.25% 7.78% 8.19%
Assets 1 47,124 50,326 50,690 50,829 53,197 55,207 56,541 56,661
Book Value Per Share 2 46.90 54.70 63.50 67.70 77.90 80.50 84.10 87.50
Cash Flow per Share 2 10.30 13.40 15.10 16.50 17.10 18.50 19.70 21.60
Capex 1 987 967 887 1,114 904 1,060 986 976
Capex / Sales 2.51% 2.55% 2.31% 2.83% 2.14% 2.26% 2.02% 1.94%
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
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
24
Last Close Price
283.9 USD
Average target price
316.5 USD
Spread / Average Target
+11.49%
Consensus
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