Financials WEG S.A.

Equities

WEGE3

BRWEGEACNOR0

Electrical Components & Equipment

Market Closed - Sao Paulo 04:07:50 2024-04-26 pm EDT 5-day change 1st Jan Change
39.22 BRL +1.42% Intraday chart for WEG S.A. +1.74% +6.26%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 72,700 158,883 138,384 161,589 154,846 164,537 - -
Enterprise Value (EV) 1 71,797 156,965 136,956 160,065 150,600 159,319 158,048 158,919
P/E ratio 45 x 67.9 x 38.6 x 38.4 x 27 x 30.5 x 27.1 x 22.4 x
Yield 1.23% 0.79% 1.38% 1.32% 1.76% 1.53% 1.85% 2.02%
Capitalization / Revenue 5.45 x 9.09 x 5.87 x 5.4 x 4.76 x 4.41 x 3.87 x 3.39 x
EV / Revenue 5.38 x 8.99 x 5.81 x 5.35 x 4.63 x 4.27 x 3.71 x 3.27 x
EV / EBITDA 32 x 48 x 29.3 x 28.5 x 21.2 x 21.1 x 18.5 x 16.1 x
EV / FCF 51.9 x 46.6 x 864 x 85.5 x 27.7 x 32.9 x 35.9 x 41.7 x
FCF Yield 1.93% 2.15% 0.12% 1.17% 3.61% 3.04% 2.79% 2.4%
Price to Book 8.34 x 13.7 x 10.2 x 10.9 x 8.93 x 8.17 x 7.25 x 6.06 x
Nbr of stocks (in thousands) 4,195,030 4,195,480 4,196,012 4,196,015 4,195,234 4,195,234 - -
Reference price 2 17.33 37.87 32.98 38.51 36.91 39.22 39.22 39.22
Announcement Date 2/19/20 2/24/21 2/16/22 2/15/23 2/21/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 13,347 17,470 23,563 29,905 32,504 37,332 42,557 48,606
EBITDA 1 2,245 3,268 4,679 5,617 7,090 7,537 8,559 9,876
EBIT 1 1,848 2,816 4,158 5,052 6,462 6,728 7,594 8,821
Operating Margin 13.84% 16.12% 17.65% 16.89% 19.88% 18.02% 17.84% 18.15%
Earnings before Tax (EBT) 1 1,804 2,747 4,330 5,116 6,591 6,758 8,033 9,681
Net income 1 1,615 2,341 3,586 4,208 5,732 5,462 6,206 7,426
Net margin 12.1% 13.4% 15.22% 14.07% 17.63% 14.63% 14.58% 15.28%
EPS 2 0.3849 0.5580 0.8545 1.003 1.366 1.284 1.448 1.753
Free Cash Flow 1 1,383 3,371 158.5 1,871 5,436 4,839 4,405 3,807
FCF margin 10.36% 19.3% 0.67% 6.26% 16.72% 12.96% 10.35% 7.83%
FCF Conversion (EBITDA) 61.63% 103.18% 3.39% 33.32% 76.67% 64.2% 51.47% 38.55%
FCF Conversion (Net income) 85.68% 144.03% 4.42% 44.47% 94.84% 88.6% 70.98% 51.27%
Dividend per Share 2 0.2126 0.2975 0.4544 0.5100 0.6499 0.6017 0.7249 0.7917
Announcement Date 2/19/20 2/24/21 2/16/22 2/15/23 2/21/24 - - -
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 6,198 6,540 6,828 7,186 7,911 7,980 7,696 8,171 8,075 8,561 8,587 9,199 9,444 9,743 -
EBITDA 1 1,144 1,125 1,233 1,257 1,568 1,559 1,689 1,833 1,739 1,829 1,794 1,835 1,730 1,971 -
EBIT 1 1,014 985.1 1,099 1,121 1,426 1,406 1,538 1,681 1,581 1,661 1,655 1,668 1,629 1,778 -
Operating Margin 16.36% 15.06% 16.09% 15.61% 18.02% 17.61% 19.99% 20.58% 19.58% 19.41% 19.27% 18.13% 17.25% 18.25% -
Earnings before Tax (EBT) 1 1,018 1,003 1,153 1,117 1,444 1,402 - - 1,615 1,652 1,705 1,671 1,549 1,784 -
Net income 1 812.9 874.1 943.9 913 1,158 1,193 1,307 1,368 1,312 1,745 1,312 1,306 1,261 1,393 -
Net margin 13.12% 13.36% 13.82% 12.71% 14.64% 14.95% 16.98% 16.75% 16.24% 20.38% 15.27% 14.19% 13.35% 14.3% -
EPS 2 0.1937 0.2082 0.2250 0.2176 0.2760 0.2844 - 0.3261 0.3127 0.4159 0.3103 0.3106 0.2998 0.3320 -
Dividend per Share 2 0.0207 0.0448 0.0368 0.0433 0.1760 0.0837 - 0.1452 - 0.1120 0.1772 0.1607 0.1525 0.1570 0.1600
Announcement Date 10/27/21 2/16/22 4/27/22 7/20/22 10/26/22 2/15/23 4/26/23 7/19/23 10/25/23 2/21/24 - - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 902 1,918 1,428 1,523 4,246 5,218 6,489 5,618
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,383 3,371 159 1,871 5,436 4,839 4,405 3,807
ROE (net income / shareholders' equity) 19.7% 23.1% 28.5% 29.6% 35.6% 28.8% 28.6% 28.8%
ROA (Net income/ Total Assets) 10.4% 7.61% 16.4% 16.2% 19.2% 17% 18.4% 19.5%
Assets 1 15,544 30,771 21,932 26,034 29,815 32,128 33,728 38,081
Book Value Per Share 2 2.080 2.760 3.240 3.540 4.130 4.800 5.410 6.470
Cash Flow per Share 2 0.4500 0.9400 0.2200 0.7100 - 1.100 - -
Capex 1 524 559 781 1,111 1,586 3,125 1,689 2,086
Capex / Sales 3.93% 3.2% 3.31% 3.72% 4.88% 8.37% 3.97% 4.29%
Announcement Date 2/19/20 2/24/21 2/16/22 2/15/23 2/21/24 - - -
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
OUTPERFORM
Number of Analysts
12
Last Close Price
39.22 BRL
Average target price
41.08 BRL
Spread / Average Target
+4.74%
Consensus