Market Closed -
Sao Paulo
04:07:43 2024-05-31 pm EDT
|
5-day change
|
1st Jan Change
|
18.11
BRL
|
-6.38%
|
|
-3.26%
|
-8.54%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
32,297
|
39,208
|
43,755
|
46,237
|
40,123
|
36,587
|
-
|
-
|
Enterprise Value (EV)
1 |
42,052
|
49,065
|
51,008
|
53,410
|
45,671
|
40,856
|
39,877
|
40,127
|
P/E ratio
|
28.6
x
|
17.7
x
|
3.02
x
|
4.37
x
|
5.58
x
|
6.3
x
|
6.81
x
|
7.05
x
|
Yield
|
1.05%
|
1.72%
|
11.5%
|
13%
|
6.36%
|
4.95%
|
5.3%
|
4.98%
|
Capitalization / Revenue
|
0.81
x
|
0.89
x
|
0.56
x
|
0.56
x
|
0.58
x
|
0.56
x
|
0.55
x
|
0.53
x
|
EV / Revenue
|
1.06
x
|
1.12
x
|
0.65
x
|
0.65
x
|
0.66
x
|
0.62
x
|
0.6
x
|
0.58
x
|
EV / EBITDA
|
7.36
x
|
6.38
x
|
2.2
x
|
2.48
x
|
3.38
x
|
3.63
x
|
3.5
x
|
3.48
x
|
EV / FCF
|
9.56
x
|
10.3
x
|
5.37
x
|
7.79
x
|
7.7
x
|
16.6
x
|
10
x
|
11.7
x
|
FCF Yield
|
10.5%
|
9.7%
|
18.6%
|
12.8%
|
13%
|
6.03%
|
9.98%
|
8.56%
|
Price to Book
|
1.26
x
|
1.36
x
|
1.1
x
|
1.06
x
|
0.56
x
|
0.68
x
|
0.64
x
|
0.6
x
|
Nbr of stocks (in thousands)
|
2,138,840
|
2,143,463
|
2,149,034
|
2,102,851
|
2,099,197
|
2,099,427
|
-
|
-
|
Reference price
2 |
15.87
|
19.40
|
21.63
|
23.31
|
19.80
|
18.24
|
18.24
|
18.24
|
Announcement Date
|
2/19/20
|
2/24/21
|
2/23/22
|
3/1/23
|
2/20/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
39,644
|
43,815
|
78,345
|
82,412
|
68,916
|
65,705
|
66,612
|
68,902
|
EBITDA
1 |
5,712
|
7,690
|
23,222
|
21,508
|
13,502
|
11,253
|
11,378
|
11,527
|
EBIT
1 |
3,184
|
5,194
|
21,023
|
17,751
|
10,453
|
7,765
|
7,460
|
7,454
|
Operating Margin
|
8.03%
|
11.86%
|
26.83%
|
21.54%
|
15.17%
|
11.82%
|
11.2%
|
10.82%
|
Earnings before Tax (EBT)
1 |
1,675
|
3,496
|
20,273
|
15,859
|
9,347
|
7,255
|
7,007
|
7,085
|
Net income
1 |
1,217
|
2,388
|
15,559
|
11,426
|
7,537
|
5,868
|
5,398
|
5,234
|
Net margin
|
3.07%
|
5.45%
|
19.86%
|
13.86%
|
10.94%
|
8.93%
|
8.1%
|
7.6%
|
EPS
2 |
0.5556
|
1.095
|
7.175
|
5.333
|
3.550
|
2.896
|
2.678
|
2.587
|
Free Cash Flow
1 |
4,400
|
4,757
|
9,491
|
6,858
|
5,930
|
2,464
|
3,979
|
3,436
|
FCF margin
|
11.1%
|
10.86%
|
12.11%
|
8.32%
|
8.6%
|
3.75%
|
5.97%
|
4.99%
|
FCF Conversion (EBITDA)
|
77.03%
|
61.86%
|
40.87%
|
31.89%
|
43.92%
|
21.9%
|
34.97%
|
29.81%
|
FCF Conversion (Net income)
|
361.58%
|
199.21%
|
61%
|
60.03%
|
78.67%
|
41.99%
|
73.71%
|
65.65%
|
Dividend per Share
2 |
0.1667
|
0.3333
|
2.492
|
3.025
|
1.258
|
0.9020
|
0.9666
|
0.9076
|
Announcement Date
|
2/19/20
|
2/24/21
|
2/23/22
|
3/1/23
|
2/20/24
|
-
|
-
|
-
|
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
|
---|
Net sales
1 |
21,555
|
20,330
|
22,968
|
21,149
|
17,964
|
18,872
|
18,265
|
17,063
|
14,716
|
16,210
|
17,514
|
18,000
|
15,363
|
18,000
|
EBITDA
1 |
5,983
|
5,827
|
6,680
|
5,369
|
3,630
|
4,341
|
3,792
|
3,349
|
2,039
|
2,813
|
3,160
|
3,288
|
2,274
|
2,857
|
EBIT
1 |
4,514
|
5,014
|
5,791
|
4,463
|
2,485
|
4,292
|
2,885
|
2,384
|
891.2
|
2,752
|
2,329
|
2,457
|
1,444
|
1,985
|
Operating Margin
|
20.94%
|
24.66%
|
25.21%
|
21.1%
|
13.83%
|
22.74%
|
15.79%
|
13.97%
|
6.06%
|
16.98%
|
13.3%
|
13.65%
|
9.4%
|
11.03%
|
Earnings before Tax (EBT)
1 |
3,898
|
4,510
|
5,430
|
3,932
|
1,987
|
4,242
|
2,462
|
-
|
735.7
|
2,277
|
2,146
|
2,316
|
1,318
|
1,857
|
Net income
1 |
3,560
|
2,940
|
4,298
|
3,022
|
1,208
|
3,206
|
2,136
|
1,592
|
587
|
2,053
|
1,503
|
1,621
|
922.5
|
1,300
|
Net margin
|
16.52%
|
14.46%
|
18.71%
|
14.29%
|
6.72%
|
16.99%
|
11.69%
|
9.33%
|
3.99%
|
12.66%
|
8.58%
|
9.01%
|
6%
|
7.22%
|
EPS
2 |
1.611
|
1.357
|
1.984
|
1.413
|
0.5873
|
1.517
|
1.008
|
0.7500
|
0.2750
|
0.9700
|
0.8416
|
0.8049
|
0.7075
|
-
|
Dividend per Share
2 |
0.1587
|
0.4524
|
0.5635
|
1.706
|
0.1667
|
0.4250
|
0.3583
|
-
|
0.0833
|
-
|
0.2799
|
0.2319
|
0.2319
|
0.1839
|
Announcement Date
|
2/23/22
|
5/5/22
|
8/3/22
|
11/9/22
|
3/1/23
|
5/3/23
|
8/8/23
|
11/6/23
|
2/20/24
|
5/2/24
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
9,755
|
9,857
|
7,253
|
7,173
|
5,548
|
4,270
|
3,291
|
3,541
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.708
x
|
1.282
x
|
0.3123
x
|
0.3335
x
|
0.4109
x
|
0.3794
x
|
0.2892
x
|
0.3072
x
|
Free Cash Flow
1 |
4,400
|
4,757
|
9,491
|
6,858
|
5,930
|
2,464
|
3,979
|
3,436
|
ROE (net income / shareholders' equity)
|
4.92%
|
8.33%
|
37.8%
|
26.1%
|
15.8%
|
11.1%
|
9.1%
|
8.4%
|
ROA (Net income/ Total Assets)
|
2.46%
|
4.08%
|
22.7%
|
15.7%
|
10.1%
|
7.9%
|
7.75%
|
7.35%
|
Assets
1 |
49,463
|
58,562
|
68,469
|
72,728
|
74,344
|
74,275
|
69,651
|
71,207
|
Book Value Per Share
2 |
12.60
|
14.30
|
19.70
|
22.00
|
35.60
|
27.00
|
28.70
|
30.30
|
Cash Flow per Share
2 |
0.7500
|
2.940
|
5.800
|
5.210
|
8.010
|
4.190
|
4.860
|
5.050
|
Capex
1 |
1,747
|
1,651
|
3,026
|
4,292
|
5,209
|
6,088
|
5,557
|
5,175
|
Capex / Sales
|
4.41%
|
3.77%
|
3.86%
|
5.21%
|
7.56%
|
9.27%
|
8.34%
|
7.51%
|
Announcement Date
|
2/19/20
|
2/24/21
|
2/23/22
|
3/1/23
|
2/20/24
|
-
|
-
|
-
|
Last Close Price
18.24
BRL Average target price
24.76
BRL Spread / Average Target +35.73% Consensus |
1st Jan change
|
Capi.
|
---|
| -8.54% | 7.11B | | -2.98% | 39.96B | | +19.82% | 24.61B | | -5.90% | 21.24B | | +13.35% | 20.98B | | -26.13% | 20.41B | | +6.25% | 19.68B | | +8.71% | 9.36B | | -21.17% | 8.57B | | -15.33% | 8B |
Other Steel
|