Market Closed -
Sao Paulo
04:05:00 2024-07-17 pm EDT
|
5-day change
|
1st Jan Change
|
57.34
BRL
|
+12.50%
|
|
+6.50%
|
+13.77%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
383,911
|
414,310
|
450,358
|
461,849
|
377,317
|
376,838
|
-
|
-
|
Enterprise Value (EV)
1 |
392,320
|
424,391
|
452,501
|
477,989
|
383,722
|
378,260
|
364,558
|
349,844
|
P/E ratio
|
25.9
x
|
28.6
x
|
21.9
x
|
26.2
x
|
11.4
x
|
-
|
17.5
x
|
16.1
x
|
Yield
|
2.57%
|
2.53%
|
2.45%
|
2.52%
|
3%
|
3.14%
|
3.22%
|
3.36%
|
Capitalization / Revenue
|
4.68
x
|
5.02
x
|
4.8
x
|
4.86
x
|
4.43
x
|
4.25
x
|
4.13
x
|
3.97
x
|
EV / Revenue
|
4.78
x
|
5.14
x
|
4.83
x
|
5.03
x
|
4.51
x
|
4.27
x
|
3.99
x
|
3.69
x
|
EV / EBITDA
|
14
x
|
15.6
x
|
12.4
x
|
14.6
x
|
12.6
x
|
12.6
x
|
11.8
x
|
10.7
x
|
EV / FCF
|
19.7
x
|
21
x
|
22.9
x
|
27.8
x
|
21
x
|
17.2
x
|
16.1
x
|
14.9
x
|
FCF Yield
|
5.08%
|
4.76%
|
4.37%
|
3.6%
|
4.76%
|
5.81%
|
6.22%
|
6.73%
|
Price to Book
|
6.46
x
|
9.53
x
|
6.08
x
|
6.13
x
|
5.84
x
|
5.35
x
|
4.81
x
|
4.28
x
|
Nbr of stocks (in thousands)
|
2,631,872
|
2,632,543
|
2,632,597
|
2,614,484
|
2,407,279
|
2,406,679
|
-
|
-
|
Reference price
2 |
145.9
|
157.4
|
171.1
|
176.6
|
156.7
|
156.6
|
156.6
|
156.6
|
Announcement Date
|
1/22/20
|
1/26/21
|
1/25/22
|
1/24/23
|
1/23/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
82,059
|
82,584
|
93,775
|
94,943
|
85,159
|
88,566
|
91,307
|
94,828
|
EBITDA
1 |
27,979
|
27,145
|
36,634
|
32,630
|
30,414
|
29,950
|
30,820
|
32,586
|
EBIT
1 |
25,593
|
24,574
|
29,244
|
29,965
|
27,460
|
27,511
|
29,638
|
31,225
|
Operating Margin
|
31.19%
|
29.76%
|
31.19%
|
31.56%
|
32.25%
|
31.06%
|
32.46%
|
32.93%
|
Earnings before Tax (EBT)
1 |
17,328
|
16,497
|
22,776
|
21,725
|
15,062
|
25,062
|
25,974
|
-
|
Net income
|
15,119
|
14,714
|
20,878
|
17,941
|
35,153
|
-
|
21,602
|
23,455
|
Net margin
|
18.42%
|
17.82%
|
22.26%
|
18.9%
|
41.28%
|
-
|
23.66%
|
24.73%
|
EPS
|
5.630
|
5.510
|
7.810
|
6.730
|
13.72
|
-
|
8.953
|
9.720
|
Free Cash Flow
1 |
19,918
|
20,189
|
19,758
|
17,185
|
18,248
|
21,993
|
22,688
|
23,529
|
FCF margin
|
24.27%
|
24.45%
|
21.07%
|
18.1%
|
21.43%
|
24.83%
|
24.85%
|
24.81%
|
FCF Conversion (EBITDA)
|
71.19%
|
74.37%
|
53.93%
|
52.67%
|
60%
|
73.43%
|
73.61%
|
72.21%
|
FCF Conversion (Net income)
|
131.74%
|
137.21%
|
94.64%
|
95.79%
|
51.91%
|
-
|
105.03%
|
100.31%
|
Dividend per Share
2 |
3.750
|
3.980
|
4.190
|
4.450
|
4.700
|
4.923
|
5.037
|
5.265
|
Announcement Date
|
1/22/20
|
1/26/21
|
1/25/22
|
1/24/23
|
1/23/24
|
-
|
-
|
-
|
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 |
24,804
|
23,426
|
24,020
|
23,791
|
23,706
|
24,746
|
25,530
|
21,351
|
21,395
|
21,383
|
22,447
|
22,215
|
22,464
|
22,118
|
23,080
|
EBITDA
1 |
7,939
|
9,305
|
9,011
|
9,299
|
7,804
|
8,880
|
8,912
|
8,071
|
6,333
|
7,973
|
8,129
|
6,809
|
7,214
|
8,310
|
8,635
|
EBIT
1 |
6,096
|
7,536
|
7,267
|
7,614
|
7,093
|
8,204
|
8,189
|
7,374
|
5,638
|
7,236
|
7,712
|
5,965
|
6,629
|
7,509
|
7,710
|
Operating Margin
|
24.58%
|
32.17%
|
30.25%
|
32%
|
29.92%
|
33.15%
|
32.08%
|
34.54%
|
26.35%
|
33.84%
|
34.36%
|
26.85%
|
29.51%
|
33.95%
|
33.41%
|
Earnings before Tax (EBT)
1 |
4,836
|
5,862
|
5,840
|
5,822
|
4,201
|
-737
|
6,762
|
5,217
|
4,826
|
6,440
|
5,748
|
5,166
|
5,800
|
-
|
-
|
Net income
1 |
4,736
|
-
|
-
|
4,458
|
3,520
|
-68
|
5,144
|
26,028
|
4,049
|
5,354
|
4,686
|
-
|
-
|
5,383
|
5,433
|
Net margin
|
19.09%
|
-
|
-
|
18.74%
|
14.85%
|
-0.27%
|
20.15%
|
121.91%
|
18.92%
|
25.04%
|
20.88%
|
-
|
-
|
24.34%
|
23.54%
|
EPS
2 |
1.770
|
1.930
|
1.800
|
1.680
|
1.330
|
-0.0300
|
1.960
|
10.21
|
1.670
|
2.200
|
1.930
|
-
|
-
|
2.231
|
2.252
|
Dividend per Share
2 |
1.060
|
1.060
|
1.130
|
1.130
|
1.130
|
1.130
|
1.190
|
1.190
|
1.190
|
1.190
|
1.225
|
1.205
|
1.225
|
1.221
|
1.221
|
Announcement Date
|
1/25/22
|
4/19/22
|
7/19/22
|
10/18/22
|
1/24/23
|
4/18/23
|
7/20/23
|
10/17/23
|
1/23/24
|
4/16/24
|
7/17/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
8,409
|
10,081
|
2,143
|
16,140
|
6,405
|
1,422
|
-
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
12,280
|
26,994
|
Leverage (Debt/EBITDA)
|
0.3005
x
|
0.3714
x
|
0.0585
x
|
0.4946
x
|
0.2106
x
|
0.0475
x
|
-
|
-
|
Free Cash Flow
1 |
19,918
|
20,189
|
19,758
|
17,185
|
18,248
|
21,993
|
22,688
|
23,529
|
ROE (net income / shareholders' equity)
|
39.1%
|
34.9%
|
38.2%
|
23.8%
|
34.9%
|
35.7%
|
36.3%
|
35.3%
|
ROA (Net income/ Total Assets)
|
15%
|
12.9%
|
14.7%
|
9.71%
|
14.3%
|
13.9%
|
13.8%
|
14%
|
Assets
|
100,753
|
114,174
|
142,233
|
184,698
|
245,525
|
-
|
156,536
|
167,535
|
Book Value Per Share
2 |
22.60
|
16.50
|
28.20
|
28.80
|
26.90
|
29.30
|
32.50
|
36.60
|
Cash Flow per Share
|
8.720
|
8.810
|
8.750
|
7.960
|
8.900
|
-
|
-
|
-
|
Capex
1 |
3,498
|
3,347
|
3,652
|
4,009
|
4,543
|
4,147
|
3,944
|
4,078
|
Capex / Sales
|
4.26%
|
4.05%
|
3.89%
|
4.22%
|
5.33%
|
4.68%
|
4.32%
|
4.3%
|
Announcement Date
|
1/22/20
|
1/26/21
|
1/25/22
|
1/24/23
|
1/23/24
|
-
|
-
|
-
|
Last Close Price
156.6
USD Average target price
171.5
USD Spread / Average Target +9.52% Consensus |
1st Jan change
|
Capi.
|
---|
| +55.35% | 848B | | +31.64% | 627B | | +15.47% | 318B | | +13.10% | 299B | | +15.51% | 243B | | +16.72% | 225B | | +16.54% | 179B | | +4.31% | 167B | | +2.52% | 125B |
Other Pharmaceuticals
|