IOCHPE-MAXION S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.43 BRL | +0.32% |
|
+0.08% | -3.57% |
| Mar. 20 | Transcript : Iochpe-Maxion S.A. - Analyst/Investor Day | |
| Mar. 07 | Transcript : Iochpe-Maxion S.A., Q4 2023 Earnings Call, Mar 07, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,562 | 2,362 | 2,339 | 1,783 | 1,937 | 1,868 | - | - |
| Enterprise Value (EV) 1 | 5,978 | 5,877 | 6,783 | 1,783 | 5,740 | 5,820 | 5,862 | 5,356 |
| P/E ratio | 10.5 x | -4.8 x | 4.35 x | 6.4 x | 63.1 x | 5.7 x | 4.4 x | 5.52 x |
| Yield | 3.63% | - | 2.6% | - | - | 8.35% | 9.47% | 5.47% |
| Capitalization / Revenue | 0.36 x | 0.27 x | 0.17 x | 0.11 x | 0.13 x | 0.12 x | 0.11 x | 0.11 x |
| EV / Revenue | 0.6 x | 0.67 x | 0.5 x | 0.11 x | 0.38 x | 0.38 x | 0.36 x | 0.31 x |
| EV / EBITDA | 5.46 x | 15.8 x | 3.68 x | 1.03 x | 4.58 x | 3.73 x | 3.44 x | 3.38 x |
| EV / FCF | 29.4 x | -28.8 x | -12.5 x | - | 3.85 x | 14.4 x | 7.93 x | 7.74 x |
| FCF Yield | 3.4% | -3.47% | -8.02% | - | 26% | 6.92% | 12.6% | 12.9% |
| Price to Book | 1.03 x | 0.63 x | 0.54 x | - | 0.52 x | 0.45 x | 0.43 x | 0.44 x |
| Nbr of stocks (in thousands) | 152,365 | 152,365 | 152,370 | 151,470 | 150,270 | 150,270 | - | - |
| Reference price 2 | 23.38 | 15.50 | 15.35 | 11.77 | 12.89 | 12.43 | 12.43 | 12.43 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/9/22 | 3/21/23 | 3/6/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,016 | 8,761 | 13,688 | 16,948 | 14,955 | 15,509 | 16,494 | 17,042 |
| EBITDA 1 | 1,096 | 372.1 | 1,841 | 1,737 | 1,253 | 1,559 | 1,703 | 1,583 |
| EBIT 1 | 676.3 | -184.7 | 1,281 | 1,246 | 782.6 | 1,073 | 1,197 | 1,091 |
| Operating Margin | 6.75% | -2.11% | 9.36% | 7.35% | 5.23% | 6.92% | 7.26% | 6.4% |
| Earnings before Tax (EBT) 1 | 506.4 | -417.7 | 956.9 | 628 | 264.7 | 672.2 | 840.8 | 806.4 |
| Net income 1 | 337.4 | -491.8 | 537.2 | 278.9 | 30.73 | 319.1 | 421.3 | 345.9 |
| Net margin | 3.37% | -5.61% | 3.92% | 1.65% | 0.21% | 2.06% | 2.55% | 2.03% |
| EPS 2 | 2.231 | -3.228 | 3.526 | 1.840 | 0.2042 | 2.182 | 2.827 | 2.251 |
| Free Cash Flow 1 | 203 | -204 | -544 | - | 1,490 | 403 | 739 | 692 |
| FCF margin | 2.03% | -2.33% | -3.97% | - | 9.96% | 2.6% | 4.48% | 4.06% |
| FCF Conversion (EBITDA) | 18.53% | - | - | - | 118.94% | 25.86% | 43.38% | 43.71% |
| FCF Conversion (Net income) | 60.17% | - | - | - | 4,848.6% | 126.31% | 175.4% | 200.03% |
| Dividend per Share 2 | 0.8492 | - | 0.3994 | - | - | 1.038 | 1.178 | 0.6798 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/9/22 | 3/21/23 | 3/6/24 | - | - | - |
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 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,584 | 3,787 | 4,277 | 4,192 | 4,318 | 4,160 | 3,998 | 3,801 | 3,672 | 3,484 | 3,584 | 3,846 | 3,800 | 3,684 |
| EBITDA 1 | 483.7 | 390.8 | 548.2 | 534.6 | 362.7 | 291.5 | 286.8 | 363.4 | 313.3 | 289.4 | 327 | 377.8 | 392.7 | 355.9 |
| EBIT 1 | - | 249.4 | 419.9 | 279.2 | 245.5 | 166.4 | 165.8 | 245.6 | 197.9 | 173.3 | 188.2 | 258.7 | 272.9 | 235.6 |
| Operating Margin | - | 6.59% | 9.82% | 6.66% | 5.68% | 4% | 4.15% | 6.46% | 5.39% | 4.97% | 5.25% | 6.73% | 7.18% | 6.4% |
| Earnings before Tax (EBT) | - | 131.2 | 297.6 | 203.6 | 107.7 | -78.88 | - | 123.2 | 78.98 | 28.64 | - | - | - | - |
| Net income 1 | 177 | 93.92 | 160.2 | 190.5 | 69.39 | -141.1 | -16.34 | 59.36 | -4.784 | -7.502 | -14 | - | - | - |
| Net margin | 4.94% | 2.48% | 3.75% | 4.54% | 1.61% | -3.39% | -0.41% | 1.56% | -0.13% | -0.22% | -0.39% | - | - | - |
| EPS 2 | 1.162 | 0.6163 | 1.052 | 1.254 | 0.4605 | -0.9269 | -0.1079 | 0.3925 | -0.0311 | -0.0493 | 0.3900 | 0.4900 | 0.6300 | - |
| Dividend per Share 2 | - | 0.3994 | - | 0.2349 | - | - | - | - | - | - | 0.3915 | 0.3915 | 0.2788 | 0.2708 |
| Announcement Date | 11/16/21 | 3/9/22 | 5/9/22 | 8/10/22 | 11/9/22 | 3/21/23 | 5/8/23 | 8/9/23 | 11/8/23 | 3/6/24 | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,415 | 3,515 | 4,444 | - | 3,803 | 3,952 | 3,994 | 3,488 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.204 x | 9.445 x | 2.414 x | - | 3.036 x | 2.536 x | 2.344 x | 2.203 x |
| Free Cash Flow 1 | 203 | -204 | -544 | - | 1,490 | 403 | 739 | 692 |
| ROE (net income / shareholders' equity) | 11% | -14.7% | 14.3% | - | 6.25% | 7.98% | 9.43% | 7.76% |
| ROA (Net income/ Total Assets) | 3.67% | -4.51% | 3.99% | - | 1.6% | 1.8% | 2.14% | 2.19% |
| Assets 1 | 9,197 | 10,894 | 13,466 | - | 1,920 | 17,775 | 19,679 | 15,782 |
| Book Value Per Share 2 | 22.80 | 24.70 | 28.60 | - | 24.60 | 27.40 | 28.80 | 28.50 |
| Cash Flow per Share 2 | 4.350 | 0.7400 | -0.4800 | - | 13.20 | 7.680 | - | - |
| Capex 1 | 459 | 317 | 470 | - | 503 | 621 | 661 | 620 |
| Capex / Sales | 4.58% | 3.62% | 3.44% | - | 3.36% | 4% | 4.01% | 3.64% |
| Announcement Date | 3/5/20 | 3/4/21 | 3/9/22 | 3/21/23 | 3/6/24 | - | - | - |
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
C+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
12.43
BRL
Average target price
15.76
BRL
Spread / Average Target
+26.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.57% | 364M | |
| +29.62% | 50.98B | |
| +25.77% | 20.39B | |
| -20.63% | 19.42B | |
| +1.48% | 15.84B | |
| +31.67% | 17.27B | |
| -14.23% | 14.09B | |
| -18.75% | 13.35B | |
| +31.97% | 11.74B | |
| +14.27% | 9.65B |
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- Financials Iochpe-Maxion S.A.
