NATURA &CO HOLDING S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.88 BRL | +5.17% |
|
+4.91% | -0.06% |
| Mar. 12 | Cosmetics group Natura's shares rise with higher margin, dividends even as loss widens | RE |
| Mar. 12 | Transcript : Natura &Co Holding S.A., Q4 2023 Earnings Call, Mar 12, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 45,920 | 72,172 | 35,074 | 15,942 | 23,319 | 23,305 | - | - |
| Enterprise Value (EV) 1 | 53,685 | 77,653 | 41,805 | 26,809 | 23,319 | 23,710 | 21,551 | 18,537 |
| P/E ratio | 217 x | -101 x | 33.9 x | -5.57 x | 7.86 x | 29.7 x | 15.6 x | 14.1 x |
| Yield | 0.33% | 0.35% | - | - | - | 0.16% | 2.47% | 1.9% |
| Capitalization / Revenue | 3.18 x | 1.95 x | 0.87 x | 0.44 x | 0.87 x | 0.87 x | 0.76 x | 0.7 x |
| EV / Revenue | 3.72 x | 2.1 x | 1.04 x | 0.74 x | 0.87 x | 0.88 x | 0.7 x | 0.55 x |
| EV / EBITDA | 21 x | 18.4 x | 10.1 x | 8.49 x | 8.56 x | 7.62 x | 5.24 x | 3.97 x |
| EV / FCF | 75.2 x | 127 x | -26.2 x | -62.2 x | - | 11.1 x | 7.88 x | 5.31 x |
| FCF Yield | 1.33% | 0.79% | -3.81% | -1.61% | - | 9.02% | 12.7% | 18.8% |
| Price to Book | 9.96 x | 2.39 x | 1.23 x | - | - | 0.92 x | 0.84 x | 0.95 x |
| Nbr of stocks (in thousands) | 1,187,490 | 1,374,711 | 1,379,256 | 1,373,111 | 1,380,627 | 1,380,644 | - | - |
| Reference price 2 | 38.67 | 52.50 | 25.43 | 11.61 | 16.89 | 16.88 | 16.88 | 16.88 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/9/22 | 3/13/23 | 3/12/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,445 | 36,922 | 40,100 | 36,350 | 26,737 | 26,880 | 30,686 | 33,532 |
| EBITDA 1 | 2,557 | 4,220 | 4,137 | 3,159 | 2,725 | 3,113 | 4,109 | 4,668 |
| EBIT 1 | 1,351 | 789.6 | 1,118 | 566.8 | - | 1,229 | 2,054 | 2,826 |
| Operating Margin | 9.35% | 2.14% | 2.79% | 1.56% | - | 4.57% | 6.69% | 8.43% |
| Earnings before Tax (EBT) 1 | 511.2 | -245.8 | 91.25 | -2,359 | -2,668 | 1,130 | 1,935 | 2,336 |
| Net income 1 | 155.5 | -650.2 | 1,048 | -2,860 | 2,974 | 913.2 | 1,524 | 1,789 |
| Net margin | 1.08% | -1.76% | 2.61% | -7.87% | 11.12% | 3.4% | 4.97% | 5.33% |
| EPS 2 | 0.1779 | -0.5220 | 0.7503 | -2.084 | 2.148 | 0.5687 | 1.082 | 1.200 |
| Free Cash Flow 1 | 714 | 611.4 | -1,593 | -431.3 | - | 2,138 | 2,736 | 3,488 |
| FCF margin | 4.94% | 1.66% | -3.97% | -1.19% | - | 7.95% | 8.91% | 10.4% |
| FCF Conversion (EBITDA) | 27.92% | 14.49% | - | - | - | 68.67% | 66.57% | 74.73% |
| FCF Conversion (Net income) | 459.16% | - | - | - | - | 234.08% | 179.55% | 195.02% |
| Dividend per Share 2 | 0.1278 | 0.1832 | - | - | - | 0.0267 | 0.4172 | 0.3200 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/9/22 | 3/13/23 | 3/12/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,500 | 11,600 | 8,253 | 8,702 | 9,004 | 10,390 | 8,021 | 7,774 | 7,517 | 4,126 | 5,976 | 6,649 | 6,508 | 7,120 | - |
| EBITDA 1 | 819.1 | 1,543 | 595.9 | 694.9 | 772.5 | 1,095 | 841.7 | 753.1 | 751.4 | 670.6 | 647.5 | 711.2 | 755.5 | 844.3 | - |
| EBIT 1 | 162.7 | 764.9 | -133.5 | -139 | 150.2 | 404.8 | 154.5 | 165.3 | -48.65 | - | 169.2 | 303.9 | 192.8 | 505 | - |
| Operating Margin | 1.71% | 6.59% | -1.62% | -1.6% | 1.67% | 3.9% | 1.93% | 2.13% | -0.65% | - | 2.83% | 4.57% | 2.96% | 7.09% | - |
| Earnings before Tax (EBT) 1 | -3.5 | 464.4 | -520.1 | -565.8 | -596.8 | -676 | -448.9 | -534.2 | -1,114 | -571.7 | 197 | 295.4 | 312.7 | 401.8 | - |
| Net income 1 | 272.9 | 695.4 | -643.1 | -766.7 | -559.8 | -890 | -652.4 | -731.8 | 7,024 | -2,666 | 137.9 | 206.8 | 218.9 | 281.2 | - |
| Net margin | 2.87% | 5.99% | -7.79% | -8.81% | -6.22% | -8.57% | -8.13% | -9.41% | 93.44% | -64.62% | 2.31% | 3.11% | 3.36% | 3.95% | - |
| EPS 2 | 0.1963 | 0.4975 | -0.4694 | -0.5590 | -0.4073 | -0.6487 | -0.4750 | -0.5318 | 5.100 | -1.945 | 0.0948 | 0.1446 | 0.1290 | 0.2515 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 3/9/22 | 5/6/22 | 8/11/22 | 11/9/22 | 3/13/23 | 5/8/23 | 8/14/23 | 11/13/23 | 3/12/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,765 | 5,481 | 6,731 | 10,867 | - | 405 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 1,755 | 4,769 |
| Leverage (Debt/EBITDA) | 3.036 x | 1.299 x | 1.627 x | 3.44 x | - | 0.1301 x | - | - |
| Free Cash Flow 1 | 714 | 611 | -1,593 | -431 | - | 2,138 | 2,736 | 3,488 |
| ROE (net income / shareholders' equity) | 21.2% | -4.23% | 3.75% | -11.2% | - | 5.49% | 6.14% | 8.3% |
| ROA (Net income/ Total Assets) | - | - | - | -4.97% | - | 1.86% | 2.74% | - |
| Assets 1 | - | - | - | 57,567 | - | 49,229 | 55,586 | - |
| Book Value Per Share 2 | 3.880 | 22.00 | 20.70 | - | - | 18.30 | 20.10 | 17.90 |
| Cash Flow per Share 2 | 2.960 | 3.590 | 2.960 | - | - | 1.630 | - | - |
| Capex 1 | 586 | 674 | 1,479 | 1,103 | - | 918 | 914 | 862 |
| Capex / Sales | 4.06% | 1.83% | 3.69% | 3.03% | - | 3.42% | 2.98% | 2.57% |
| Announcement Date | 3/5/20 | 3/4/21 | 3/9/22 | 3/13/23 | 3/12/24 | - | - | - |
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
OUTPERFORM
Number of Analysts
11
Last Close Price
16.88
BRL
Average target price
21.13
BRL
Spread / Average Target
+25.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.06% | 4.55B | |
| -3.33% | 249B | |
| +10.09% | 18.86B | |
| 0.00% | 17.37B | |
| -1.32% | 10.65B | |
| -7.73% | 10.26B | |
| +3.86% | 6.72B | |
| +9.76% | 5.94B | |
| -16.98% | 3.83B | |
| -6.25% | 3.48B |
- Stock Market
- Equities
- NTCO3 Stock
- Financials Natura &Co Holding S.A.
