FRAS-LE S.A. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.96 BRL | +0.12% |
|
-0.61% | +5.65% |
| Mar. 12 | Transcript : Fras-le S.A., Q4 2023 Earnings Call, Mar 12, 2024 | |
| Mar. 12 | Fras-le S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,223 | 2,171 | 2,989 | 2,566 | 4,539 | 4,796 | - | - |
| Enterprise Value (EV) 1 | 1,503 | 2,171 | 3,601 | 2,920 | 4,539 | 4,796 | 4,796 | 4,796 |
| P/E ratio | - | 11.5 x | 14.2 x | 11.8 x | 12 x | 12.6 x | 10.6 x | - |
| Yield | 1.93% | - | 2.64% | 1.8% | - | 6.24% | 7.13% | - |
| Capitalization / Revenue | 0.9 x | - | 1.16 x | 0.84 x | 1.34 x | 1.23 x | 1.12 x | 1 x |
| EV / Revenue | 0.9 x | - | 1.16 x | 0.84 x | 1.34 x | 1.23 x | 1.12 x | 1 x |
| EV / EBITDA | 6.98 x | - | 7.7 x | 5.4 x | 6.83 x | 6.62 x | 5.97 x | 5.31 x |
| EV / FCF | 32.2 x | - | 21.5 x | -12.1 x | - | 15.4 x | 15.2 x | 13.1 x |
| FCF Yield | 3.1% | - | 4.64% | -8.24% | - | 6.51% | 6.59% | 7.61% |
| Price to Book | 1.6 x | - | 2.73 x | 1.46 x | - | 2.24 x | 2.23 x | - |
| Nbr of stocks (in thousands) | 214,566 | 214,566 | 214,566 | 267,016 | 267,016 | 267,016 | - | - |
| Reference price 2 | 5.700 | 10.12 | 13.93 | 9.610 | 17.00 | 17.96 | 17.96 | 17.96 |
| Announcement Date | 3/4/20 | 3/3/21 | 2/23/22 | 2/27/23 | 3/11/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,366 | - | 2,582 | 3,058 | 3,389 | 3,891 | 4,299 | 4,796 |
| EBITDA 1 | 175.2 | - | 388.1 | 475.6 | 664.7 | 724 | 803.8 | 903 |
| EBIT 1 | 106.7 | - | 274.6 | 333 | 542.6 | 594.5 | 690 | 755.5 |
| Operating Margin | 7.81% | - | 10.63% | 10.89% | 16.01% | 15.28% | 16.05% | 15.75% |
| Earnings before Tax (EBT) 1 | - | - | - | 248.8 | 526.7 | 531 | 604 | 659.5 |
| Net income 1 | - | 188.4 | 210.6 | 204.8 | 377.4 | 390 | 444.8 | 461 |
| Net margin | - | - | 8.16% | 6.7% | 11.14% | 10.02% | 10.35% | 9.61% |
| EPS 2 | - | 0.8779 | 0.9844 | 0.8117 | 1.413 | 1.420 | 1.700 | - |
| Free Cash Flow 1 | 37.97 | - | 138.8 | -211.5 | - | 312 | 316 | 365 |
| FCF margin | 2.78% | - | 5.37% | -6.91% | - | 8.02% | 7.35% | 7.61% |
| FCF Conversion (EBITDA) | 21.67% | - | 35.76% | - | - | 43.09% | 39.32% | 40.42% |
| FCF Conversion (Net income) | - | - | 65.89% | - | - | 80% | 71.05% | 79.18% |
| Dividend per Share 2 | 0.1100 | - | 0.3680 | 0.1730 | - | 1.120 | 1.280 | - |
| Announcement Date | 3/4/20 | 3/3/21 | 2/23/22 | 2/27/23 | 3/11/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 685.1 | 704.8 | 782.6 | 823.9 | 746.8 | 838.8 | 919.6 | 889.1 | 741.3 | 845 |
| EBITDA 1 | - | 59.8 | 106 | 125.1 | 137.9 | 106.6 | 177.1 | 199.5 | 190.2 | 97.9 | 164 |
| EBIT | - | - | - | 96.7 | - | 49.79 | - | 156 | 157.9 | - | - |
| Operating Margin | - | - | - | 12.36% | - | 6.67% | - | 16.96% | 17.76% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 83.72 | - | - | 66.8 | 74.62 | 34.95 | 89.38 | 98.2 | 106.1 | 87.57 | 84 |
| Net margin | - | - | - | 8.54% | 9.06% | 4.68% | 10.66% | 10.68% | 11.93% | 11.81% | 9.94% |
| EPS | 0.3938 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 2/23/22 | 5/11/22 | 8/10/22 | 11/9/22 | 2/27/23 | 5/9/23 | 8/8/23 | 11/8/23 | 3/11/24 | - |
1BRL in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 280 | - | 612 | 354 | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.6 x | - | 1.576 x | 0.7444 x | - | - | - | - |
| Free Cash Flow 1 | 38 | - | 139 | -211 | - | 312 | 316 | 365 |
| ROE (net income / shareholders' equity) | 5.56% | - | 23% | 14.2% | - | 18.2% | 17.1% | 17.4% |
| ROA (Net income/ Total Assets) | - | - | 7.84% | - | - | - | - | - |
| Assets 1 | - | - | 2,686 | - | - | - | - | - |
| Book Value Per Share 2 | 3.560 | - | 5.110 | 6.590 | - | 8.010 | 8.060 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 83.1 | - | 106 | 106 | - | 155 | 181 | 196 |
| Capex / Sales | 6.08% | - | 4.12% | 3.48% | - | 3.97% | 4.21% | 4.09% |
| Announcement Date | 3/4/20 | 3/3/21 | 2/23/22 | 2/27/23 | 3/11/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
17.96
BRL
Average target price
21.79
BRL
Spread / Average Target
+21.35%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.65% | 936M | |
| +233.23% | 3.18B | |
| -19.75% | 3.15B | |
| +5.57% | 2.75B | |
| +33.25% | 2.24B | |
| -24.14% | 2.04B | |
| -16.43% | 1.26B | |
| -12.00% | 1.24B | |
| +56.02% | 1.13B | |
| -17.45% | 1.07B |
- Stock Market
- Equities
- FRAS3 Stock
- Financials Fras-le S.A.
