Financials Multiplan Empreendimentos Imobiliarios S.A.

Equities

MULT3

BRMULTACNOR5

Real Estate Development & Operations

Market Closed - Sao Paulo 04:07:43 2024-04-26 pm EDT 5-day change 1st Jan Change
24 BRL +4.03% Intraday chart for Multiplan Empreendimentos Imobiliarios S.A. -0.33% -15.55%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,736 14,037 11,091 12,829 16,547 13,969 - -
Enterprise Value (EV) 1 21,972 15,935 13,336 12,829 18,632 15,980 15,593 14,975
P/E ratio 42.1 x 14.7 x 24.8 x 16.9 x 16.4 x 13.2 x 11.9 x 11.6 x
Yield 1.42% - 2.67% - - 4% 4.5% 4.83%
Capitalization / Revenue 14.9 x 7.36 x 8.61 x 7.14 x 8.15 x 6.41 x 6.06 x 5.89 x
EV / Revenue 16.5 x 8.36 x 10.4 x 7.14 x 9.18 x 7.33 x 6.76 x 6.32 x
EV / EBITDA 22 x 11.5 x 16.4 x 18.1 x 12.4 x 9.84 x 8.88 x 8.17 x
EV / FCF 102 x -381 x 85.8 x - 20 x 29.6 x 18.4 x 13.8 x
FCF Yield 0.98% -0.26% 1.17% - 5.01% 3.38% 5.44% 7.23%
Price to Book 3.32 x 2.11 x 1.64 x - 2.46 x 1.92 x 1.79 x 1.71 x
Nbr of stocks (in thousands) 596,254 596,543 592,477 585,816 582,219 582,047 - -
Reference price 2 33.10 23.53 18.72 21.90 28.42 24.00 24.00 24.00
Announcement Date 2/17/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,329 1,907 1,288 1,798 2,030 2,181 2,305 2,371
EBITDA 1 997.7 1,384 812.6 708.3 1,506 1,624 1,755 1,833
EBIT 1 774.9 1,158 611.5 1,069 1,358 1,469 1,585 1,647
Operating Margin 58.31% 60.75% 47.46% 59.44% 66.93% 67.36% 68.75% 69.44%
Earnings before Tax (EBT) 1 561 1,073 497.4 826.7 1,131 1,240 1,393 1,490
Net income 1 471 964.2 453.1 769.3 1,020 1,094 1,193 1,269
Net margin 35.45% 50.57% 35.17% 42.79% 50.28% 50.16% 51.77% 53.53%
EPS 2 0.7855 1.601 0.7563 1.300 1.733 1.817 2.011 2.069
Free Cash Flow 1 215.1 -41.77 155.4 - 933.5 540 848 1,083
FCF margin 16.19% -2.19% 12.06% - 46% 24.76% 36.79% 45.67%
FCF Conversion (EBITDA) 21.56% - 19.13% - 61.97% 33.25% 48.31% 59.1%
FCF Conversion (Net income) 45.68% - 34.3% - 91.49% 49.37% 71.06% 85.32%
Dividend per Share 2 0.4696 - 0.4989 - - 0.9599 1.080 1.159
Announcement Date 2/17/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 438.9 413.6 430.5 449 504.5 464.8 487.6 506.6 570.6 505.3 503.9 628.6 534.5 567.1
EBITDA 1 283.7 294 286.5 321.4 373.4 356.9 367.5 390.8 391.4 377.9 372.9 473.4 - -
EBIT 1 226.1 242.3 234.4 269.6 322.1 310.8 333.3 355.1 359.2 345.9 349.4 454.2 373.1 400.8
Operating Margin 51.5% 58.58% 54.46% 60.05% 63.86% 66.87% 68.36% 70.09% 62.95% 68.45% 69.33% 72.26% 69.8% 70.69%
Earnings before Tax (EBT) 1 - 188.8 172.9 206.9 258.1 243 275.2 302.7 310.1 304.9 316.2 433.6 324.2 355.5
Net income 1 - 171.6 172.6 186.1 239 207.2 247.2 263.4 302.6 253.1 261.5 345 283.8 295.6
Net margin - 41.48% 40.08% 41.45% 47.38% 44.58% 50.7% 51.99% 53.03% 50.09% 51.9% 54.89% 53.1% 52.13%
EPS 2 0.3556 0.2882 0.2908 0.3148 0.4058 0.3493 0.4180 0.4487 0.5170 0.4394 0.4478 0.5879 0.4875 0.5078
Dividend per Share 2 - - - - - - - - - 0.2272 0.2304 0.2381 0.3259 0.2681
Announcement Date 2/10/22 4/28/22 7/28/22 11/3/22 2/9/23 4/27/23 7/27/23 10/26/23 2/8/24 - - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,236 1,898 2,245 - 2,086 2,011 1,624 1,006
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.241 x 1.372 x 2.763 x - 1.384 x 1.238 x 0.925 x 0.5491 x
Free Cash Flow 1 215 -41.8 155 - 934 540 848 1,083
ROE (net income / shareholders' equity) 8.62% 16.3% 7.2% - 15.1% 14.7% 15.2% 15.1%
ROA (Net income/ Total Assets) 5.11% - 4.27% - 9.1% 9% 9.34% 9.81%
Assets 1 9,226 - 10,613 - 11,207 12,153 12,780 12,941
Book Value Per Share 2 9.960 11.20 11.40 - 11.50 12.50 13.40 14.00
Cash Flow per Share 1.600 0.8500 1.170 - - - - -
Capex 1 746 551 546 - 481 500 357 444
Capex / Sales 56.16% 28.88% 42.4% - 23.72% 22.93% 15.51% 18.72%
Announcement Date 2/17/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
24 BRL
Average target price
32.82 BRL
Spread / Average Target
+36.74%
Consensus
  1. Stock Market
  2. Equities
  3. MULT3 Stock
  4. Financials Multiplan Empreendimentos Imobiliarios S.A.