Financials Dexxos Participações S.A.

Equities

DEXP3

BRDEXPACNOR1

Commodity Chemicals

Market Closed - Sao Paulo Other stock markets 04:06:00 2024-04-26 pm EDT			5-day change	1st Jan Change
11.24 ^BRL	+5.54%		+5.44%	-3.27%

Mar. 25	Dexxos Participações S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Mar. 25	Dexxos Participações S.A. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	974	645.2	1,088	1,053	-
Enterprise Value (EV) ¹	974	757.8	940	1,062	940.6
P/E ratio	5.08 x	3.59 x	6.02 x	6.5 x	5.95 x
Yield	-	5.19%	4.4%	3.83%	4.18%
Capitalization / Revenue	-	0.31 x	0.62 x	0.52 x	0.5 x
EV / Revenue	-	0.36 x	0.54 x	0.53 x	0.44 x
EV / EBITDA	-	2.48 x	3.36 x	3.1 x	2.6 x
EV / FCF	-	-	-	-	-
FCF Yield	-	-	-	-	-
Price to Book	-	1.14 x	1.41 x	1.06 x	0.91 x
Nbr of stocks (in thousands)	93,565	93,648	93,648	93,648	-
Reference price ²	10.41	6.890	11.62	11.24	11.24
Announcement Date	3/23/22	3/27/23	3/25/24	-	-

¹BRL in Million²BRL

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	2,098	1,745	2,005	2,123
EBITDA ¹	-	305.9	280.1	342	362
EBIT ¹	-	280.2	263.2	279	296
Operating Margin	-	13.35%	15.08%	13.92%	13.94%
Earnings before Tax (EBT) ¹	-	223.4	261.3	273	298
Net income ¹	229.7	179.9	180.8	162	177
Net margin	-	8.58%	10.36%	8.08%	8.34%
EPS ²	2.050	1.921	1.930	1.730	1.890
Free Cash Flow	-	-	-	-	-
FCF margin	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-
Dividend per Share ²	-	0.3579	0.5109	0.4300	0.4700
Announcement Date	3/23/22	3/27/23	3/25/24	-	-

¹BRL in Million²BRL

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 Q3	2022 Q4	2023 Q2	2023 Q3
Net sales ¹	450.1	477.7	442.7	411.5
EBITDA ¹	52.5	72.6	-	63.92
EBIT	48.97	-	-	-
Operating Margin	10.88%	-	-	-
Earnings before Tax (EBT)	36.64	-	-	-
Net income	28.54	41.48	40.77	-
Net margin	6.34%	8.68%	9.21%	-
EPS	-	-	-	-
Dividend per Share	-	-	-	-
Announcement Date	11/10/22	3/27/23	8/9/23	11/9/23

¹BRL in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	113	-	9	-
Net Cash position ¹	-	-	148	-	112
Leverage (Debt/EBITDA)	-	0.3681 x	-	0.0263 x	-
Free Cash Flow	-	-	-	-	-
ROE (net income / shareholders' equity)	-	35.7%	27.8%	17.6%	16.4%
ROA (Net income/ Total Assets)	-	-	-	-	-
Assets ¹	-	-	-	-	-
Book Value Per Share ²	-	6.070	8.250	10.70	12.40
Cash Flow per Share	-	-	-	-	-
Capex	-	-	-	-	-
Capex / Sales	-	-	-	-	-
Announcement Date	3/23/22	3/27/23	3/25/24	-	-

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

Ratings for Dexxos Participações S.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

11.24 BRL

Average target price

13 BRL

Spread / Average Target

+15.66%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Commodity Chemicals

	1st Jan change	Capi.
DEXXOS PARTICIPAÇÕES S.A.	-3.27%	205M
AIR LIQUIDE	+5.14%	103B
SAUDI BASIC INDUSTRIES CORPORATION	-5.63%	63.04B
PT CHANDRA ASRI PACIFIC TBK	+39.52%	39.06B
WANHUA CHEMICAL GROUP CO., LTD.	+12.91%	37.58B
LYONDELLBASELL INDUSTRIES N.V.	+7.41%	33.24B
WESTLAKE CORPORATION	+6.85%	19.22B
NINGXIA BAOFENG ENERGY GROUP CO., LTD.	+12.86%	16.83B
HENGLI PETROCHEMICAL CO.,LTD.	+16.93%	14.96B
RONGSHENG PETROCHEMICAL CO., LTD.	+7.73%	15.03B

Other Commodity Chemicals