RAÍZEN S.A. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.01 BRL | -3.53% |
|
+0.33% | -25.06% |
| Jun. 10 | Brazilian fuel prices to rise due to new tax credit rules, energy lobby says | RE |
| May. 29 | Brazil auto alliance doubles EV fleet target to 20,000 by end-2025 | RE |
Valuation
| Fiscal Period: March | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 72,778 | 29,505 | 36,554 | 31,598 | - | - |
| Enterprise Value (EV) 1 | 86,606 | 48,943 | 56,562 | 61,106 | 63,820 | 65,257 |
| P/E ratio | 19.5 x | 12.1 x | 70.2 x | 8.72 x | 7.05 x | 7.94 x |
| Yield | - | - | - | 5.42% | 9.12% | 8.33% |
| Capitalization / Revenue | 0.38 x | 0.12 x | 0.17 x | 0.14 x | 0.14 x | 0.14 x |
| EV / Revenue | 0.45 x | 0.2 x | 0.26 x | 0.26 x | 0.27 x | 0.29 x |
| EV / EBITDA | 8.09 x | 3.2 x | 3.3 x | 3.76 x | 3.56 x | 3.64 x |
| EV / FCF | 10.5 x | 20.4 x | 6.05 x | 28.8 x | 25.7 x | - |
| FCF Yield | 9.53% | 4.9% | 16.5% | 3.48% | 3.88% | - |
| Price to Book | 2.92 x | 1.33 x | 1.49 x | 1.33 x | 1.27 x | 1.4 x |
| Nbr of stocks (in thousands) | 10,352,509 | 10,352,509 | 10,326,115 | 10,326,115 | - | - |
| Reference price 2 | 7.030 | 2.850 | 3.540 | 3.060 | 3.060 | 3.060 |
| Announcement Date | 5/13/22 | 5/12/23 | 5/13/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 89,415 | 191,270 | 245,832 | 220,454 | 231,573 | 233,057 | 226,631 |
| EBITDA 1 | - | 10,704 | 15,286 | 17,132 | 16,269 | 17,921 | 17,916 |
| EBIT 1 | - | 6,170 | 8,086 | 7,927 | 8,436 | 9,583 | 9,254 |
| Operating Margin | - | 3.23% | 3.29% | 3.6% | 3.64% | 4.11% | 4.08% |
| Earnings before Tax (EBT) 1 | - | 4,202 | 3,264 | 1,612 | 4,574 | 6,110 | 5,519 |
| Net income 1 | 996.5 | 3,149 | 2,441 | 520.7 | 3,274 | 4,220 | 4,208 |
| Net margin | 1.11% | 1.65% | 0.99% | 0.24% | 1.41% | 1.81% | 1.86% |
| EPS 2 | - | 0.3600 | 0.2364 | 0.0504 | 0.3511 | 0.4341 | 0.3854 |
| Free Cash Flow 1 | - | 8,250 | 2,399 | 9,345 | 2,124 | 2,479 | - |
| FCF margin | - | 4.31% | 0.98% | 4.24% | 0.92% | 1.06% | - |
| FCF Conversion (EBITDA) | - | 77.08% | 15.69% | 54.55% | 13.06% | 13.83% | - |
| FCF Conversion (Net income) | - | 261.99% | 98.27% | 1,794.68% | 64.88% | 58.75% | - |
| Dividend per Share 2 | - | - | - | - | 0.1657 | 0.2791 | 0.2549 |
| Announcement Date | 5/31/21 | 5/13/22 | 5/12/23 | 5/13/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 | 2026 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 55,389 | 53,494 | 66,258 | 64,238 | 60,368 | 54,967 | 48,822 | 59,456 | 58,492 | 53,685 | 55,799 | 58,249 | 57,925 | 55,114 | 52,443 |
| EBITDA 1 | 3,360 | 1,780 | 3,651 | 2,757 | 2,964 | 5,913 | 3,265 | 3,728 | 3,929 | 6,210 | 3,320 | 4,079 | 4,035 | 3,743 | 4,573 |
| EBIT | 1,697 | 747.6 | 1,590 | -399.7 | 1,546 | 5,350 | 2,332 | 1,881 | 2,559 | 1,155 | - | - | - | - | - |
| Operating Margin | 3.06% | 1.4% | 2.4% | -0.62% | 2.56% | 9.73% | 4.78% | 3.16% | 4.37% | 2.15% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | 651.2 | -1,472 | 98.06 | 3,987 | 956.5 | 174.9 | - | - | - | - | - | - | - |
| Net income 1 | 1,385 | 250.4 | 551.9 | -880.1 | 174.2 | 2,595 | 637.8 | -19.03 | 793.3 | -877.2 | 477.2 | 766.2 | 848.4 | 849.1 | 491.7 |
| Net margin | 2.5% | 0.47% | 0.83% | -1.37% | 0.29% | 4.72% | 1.31% | -0.03% | 1.36% | -1.63% | 0.86% | 1.32% | 1.46% | 1.54% | 0.94% |
| EPS 2 | 0.1300 | 0.006300 | 0.0500 | -0.0900 | 0.0200 | 0.2464 | 0.0618 | -0.001840 | 0.0753 | -0.0848 | 0.0462 | 0.0742 | 0.0822 | 0.0822 | 0.0476 |
| Dividend per Share | 0.0200 | - | - | - | - | - | - | - | - | - | - | - | 0.0654 | 0.0623 | - |
| Announcement Date | 2/14/22 | 5/13/22 | 8/11/22 | 11/10/22 | 2/14/23 | 5/12/23 | 8/14/23 | 11/13/23 | 2/8/24 | 5/13/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 13,827 | 19,438 | 20,008 | 29,509 | 32,222 | 33,659 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 1.292 x | 1.272 x | 1.168 x | 1.814 x | 1.798 x | 1.879 x |
| Free Cash Flow 1 | - | 8,250 | 2,399 | 9,345 | 2,125 | 2,479 | - |
| ROE (net income / shareholders' equity) | - | 23.3% | 0.02% | 5.8% | 14.8% | 15.9% | 15.6% |
| ROA (Net income/ Total Assets) | - | 4.78% | 2.3% | 1.07% | 5.65% | 5.25% | - |
| Assets 1 | - | 65,868 | 105,948 | 48,592 | 57,959 | 80,372 | - |
| Book Value Per Share 2 | - | 2.410 | 2.150 | 2.380 | 2.310 | 2.400 | 2.180 |
| Cash Flow per Share 2 | - | 1.600 | 1.260 | 2.070 | 0.9000 | 1.230 | 1.260 |
| Capex 1 | - | 5,664 | 10,657 | 12,076 | 11,567 | 11,388 | 11,700 |
| Capex / Sales | - | 2.96% | 4.34% | 5.48% | 4.99% | 4.89% | 5.16% |
| Announcement Date | 5/31/21 | 5/13/22 | 5/12/23 | 5/13/24 | - | - | - |
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
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
3.03
BRL
Average target price
5.362
BRL
Spread / Average Target
+76.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.81% | 5.75B | |
| +21.91% | 258B | |
| +18.83% | 103B | |
| +9.81% | 57.4B | |
| -0.25% | 56.31B | |
| +12.54% | 47.84B | |
| +22.14% | 36.2B | |
| +30.81% | 28.31B | |
| -20.94% | 18.65B | |
| +2.30% | 18.1B |
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