Market Closed -
Sao Paulo
10:09:49 2024-07-10 am EDT
|
5-day change
|
1st Jan Change
|
263.1
BRL
|
-4.95%
|
|
-4.95%
|
-3.53%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
8,184
|
4,188
|
5,327
|
10,416
|
11,114
|
9,239
|
-
|
-
|
Enterprise Value (EV)
1 |
9,755
|
5,963
|
8,165
|
12,006
|
12,499
|
10,892
|
10,595
|
10,667
|
P/E ratio
|
11
x
|
-6.95
x
|
9.67
x
|
3.63
x
|
6.7
x
|
8.91
x
|
8.81
x
|
8.36
x
|
Yield
|
2.64%
|
5.42%
|
1.07%
|
2.31%
|
3.24%
|
4.06%
|
4.27%
|
4.36%
|
Capitalization / Revenue
|
0.47
x
|
0.37
x
|
0.29
x
|
0.27
x
|
0.35
x
|
0.3
x
|
0.31
x
|
0.32
x
|
EV / Revenue
|
0.56
x
|
0.53
x
|
0.44
x
|
0.31
x
|
0.39
x
|
0.36
x
|
0.36
x
|
0.37
x
|
EV / EBITDA
|
5.69
x
|
14.5
x
|
8.92
x
|
2.54
x
|
3.9
x
|
4.78
x
|
4.57
x
|
4.72
x
|
EV / FCF
|
7.77
x
|
46.7
x
|
-20.1
x
|
3.69
x
|
6.54
x
|
11.1
x
|
10.5
x
|
11.6
x
|
FCF Yield
|
12.9%
|
2.14%
|
-4.98%
|
27.1%
|
15.3%
|
9%
|
9.53%
|
8.59%
|
Price to Book
|
1.42
x
|
0.81
x
|
0.94
x
|
1.11
x
|
1.09
x
|
0.9
x
|
0.84
x
|
0.75
x
|
Nbr of stocks (in thousands)
|
161,390
|
162,017
|
162,496
|
200,731
|
199,997
|
192,157
|
-
|
-
|
Reference price
2 |
50.71
|
25.85
|
32.78
|
51.89
|
55.57
|
48.08
|
48.08
|
48.08
|
Announcement Date
|
2/20/20
|
2/24/21
|
2/23/22
|
2/24/23
|
2/21/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
17,487
|
11,184
|
18,389
|
38,205
|
31,964
|
30,469
|
29,770
|
28,799
|
EBITDA
1 |
1,715
|
412.2
|
915.7
|
4,734
|
3,207
|
2,280
|
2,319
|
2,259
|
EBIT
1 |
1,289
|
-127.7
|
357.9
|
4,179
|
2,514
|
1,582
|
1,548
|
1,505
|
Operating Margin
|
7.37%
|
-1.14%
|
1.95%
|
10.94%
|
7.87%
|
5.19%
|
5.2%
|
5.23%
|
Earnings before Tax (EBT)
1 |
1,172
|
-747
|
787.2
|
3,936
|
2,153
|
1,453
|
1,468
|
1,325
|
Net income
1 |
772.4
|
-601.4
|
558.3
|
2,923
|
1,590
|
1,046
|
1,005
|
1,029
|
Net margin
|
4.42%
|
-5.38%
|
3.04%
|
7.65%
|
4.97%
|
3.43%
|
3.38%
|
3.57%
|
EPS
2 |
4.610
|
-3.720
|
3.390
|
14.28
|
8.290
|
5.394
|
5.456
|
5.752
|
Free Cash Flow
1 |
1,255
|
127.7
|
-406.7
|
3,253
|
1,912
|
980.2
|
1,010
|
916.4
|
FCF margin
|
7.18%
|
1.14%
|
-2.21%
|
8.52%
|
5.98%
|
3.22%
|
3.39%
|
3.18%
|
FCF Conversion (EBITDA)
|
73.19%
|
30.99%
|
-
|
68.72%
|
59.61%
|
42.98%
|
43.57%
|
40.57%
|
FCF Conversion (Net income)
|
162.46%
|
-
|
-
|
111.31%
|
120.27%
|
93.69%
|
100.47%
|
89.09%
|
Dividend per Share
2 |
1.340
|
1.400
|
0.3500
|
1.200
|
1.800
|
1.953
|
2.053
|
2.098
|
Announcement Date
|
2/20/20
|
2/24/21
|
2/23/22
|
2/24/23
|
2/21/24
|
-
|
-
|
-
|
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 |
5,623
|
7,459
|
11,162
|
10,599
|
8,985
|
7,565
|
7,834
|
8,905
|
7,660
|
7,027
|
7,875
|
7,911
|
7,452
|
7,026
|
7,378
|
EBITDA
1 |
126
|
376.7
|
1,853
|
1,500
|
1,004
|
704.8
|
868.2
|
1,206
|
427.7
|
399.1
|
439.7
|
580.3
|
444.7
|
452.5
|
667.7
|
EBIT
1 |
6.877
|
250.3
|
1,714
|
1,375
|
838.9
|
556.6
|
700.4
|
1,034
|
223
|
192.5
|
322.3
|
607.8
|
398
|
407.9
|
418.8
|
Operating Margin
|
0.12%
|
3.36%
|
15.36%
|
12.98%
|
9.34%
|
7.36%
|
8.94%
|
11.61%
|
2.91%
|
2.74%
|
4.09%
|
7.68%
|
5.34%
|
5.81%
|
5.68%
|
Earnings before Tax (EBT)
1 |
-43.15
|
206.6
|
1,636
|
1,280
|
813
|
484.7
|
680.4
|
1,060
|
-72.68
|
402.1
|
351.3
|
467.7
|
188.6
|
212.3
|
543
|
Net income
1 |
-39.53
|
160
|
1,221
|
954.4
|
587
|
353.3
|
507.7
|
790.9
|
-62.18
|
314.7
|
186
|
285.4
|
125.9
|
147
|
370.9
|
Net margin
|
-0.7%
|
2.14%
|
10.94%
|
9%
|
6.53%
|
4.67%
|
6.48%
|
8.88%
|
-0.81%
|
4.48%
|
2.36%
|
3.61%
|
1.69%
|
2.09%
|
5.03%
|
EPS
2 |
-0.2400
|
0.9000
|
5.430
|
4.450
|
2.920
|
1.790
|
2.620
|
4.230
|
-0.3400
|
1.570
|
0.9640
|
1.502
|
0.6680
|
0.7775
|
1.985
|
Dividend per Share
2 |
-
|
-
|
0.4000
|
0.4000
|
0.4000
|
0.4500
|
0.4500
|
0.4500
|
0.4500
|
0.5000
|
0.4954
|
0.4954
|
0.4954
|
0.5276
|
0.5276
|
Announcement Date
|
2/23/22
|
5/9/22
|
8/8/22
|
11/7/22
|
2/24/23
|
5/4/23
|
8/3/23
|
11/2/23
|
2/21/24
|
5/8/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
1,570
|
1,774
|
2,838
|
1,590
|
1,385
|
1,653
|
1,356
|
1,428
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.916
x
|
4.304
x
|
3.1
x
|
0.3359
x
|
0.432
x
|
0.725
x
|
0.5849
x
|
0.6322
x
|
Free Cash Flow
1 |
1,255
|
128
|
-407
|
3,253
|
1,912
|
980
|
1,010
|
916
|
ROE (net income / shareholders' equity)
|
13.8%
|
-2.51%
|
4.61%
|
39.1%
|
16.4%
|
10.3%
|
11.2%
|
10.5%
|
ROA (Net income/ Total Assets)
|
7.1%
|
-1.18%
|
2.05%
|
18.8%
|
8.87%
|
4.94%
|
6.15%
|
6.3%
|
Assets
1 |
10,886
|
50,897
|
27,262
|
15,521
|
17,921
|
21,187
|
16,342
|
16,328
|
Book Value Per Share
2 |
35.70
|
31.90
|
35.00
|
46.90
|
51.20
|
53.30
|
57.30
|
63.80
|
Cash Flow per Share
2 |
9.250
|
2.830
|
2.500
|
18.60
|
12.10
|
6.230
|
7.220
|
8.450
|
Capex
1 |
294
|
330
|
813
|
524
|
385
|
563
|
510
|
539
|
Capex / Sales
|
1.68%
|
2.95%
|
4.42%
|
1.37%
|
1.21%
|
1.85%
|
1.71%
|
1.87%
|
Announcement Date
|
2/20/20
|
2/24/21
|
2/23/22
|
2/24/23
|
2/21/24
|
-
|
-
|
-
|
Last Close Price
47.53
USD Average target price
62.14
USD Spread / Average Target +30.74% Consensus |
1st Jan change
|
Capi.
|
---|
| +2.17% | 19.4B | | +19.30% | 9.85B | | +34.01% | 8.62B | | -1.51% | 7.59B | | +81.58% | 4.81B | | +0.88% | 3.1B | | -3.37% | 2.67B | | +6.18% | 2.57B | | -18.61% | 2.43B |
Petroleum Refining
|