DIRECIONAL ENGENHARI

DIRR3
End-of-day quote. End-of-day quote  - 09/24
12.3BRL +1.23%
Valuation
Fiscal Period: December 2020 2021
Capitalization1 1 9431 785
Entreprise Value (EV)1 2 0992 101
P/E ratio 17,2x9,98x
Yield 6,19%7,52%
Capitalization / Revenue 1,29x0,95x
EV / Revenue 1,40x1,12x
EV / EBITDA 7,47x5,66x
Price to Book 1,57x1,43x
Nbr of stocks (in thousands) 148 400145 147
Reference price (BRL) 13,112,3
Announcement Date 03/15/2021-
Previous period Next period
1 BRL in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: December 2020 2021
Net sales1 1 5011 870
EBITDA1 281371
Operating profit (EBIT)1 240292
Operating Margin 16,0%15,6%
Pre-Tax Profit (EBT)1 181271
Net income1 113184
Net margin 7,53%9,86%
EPS2 0,761,23
Dividend per Share2 0,810,92
Announcement Date 03/15/2021-
Previous period Next period
1 BRL in Million
2 BRL
Finances - Leverage
Fiscal Period: December 2020 2021
Net Debt1 157316
Net Cash position1 --
Leverage (Debt / EBITDA) 0,56x0,85x
Free Cash Flow1 274134
ROE (Net Profit / Equities) 9,11%14,5%
Shareholders' equity1 1 2421 268
ROA (Net Profit / Asset) 2,32%3,53%
Assets1 4 8785 226
Book Value Per Share2 8,368,60
Cash Flow per Share2 1,921,12
Capex1 11,733,5
Capex / Sales 0,78%1,79%
Announcement Date 03/15/2021-
Previous period Next period
1 BRL in Million
2 BRL
Financial Ratios
Size 2021e 2022e
Capitalization 1 785 M BRL -
Entreprise Value (EV) 2 101 M BRL 2 144 M BRL
Valuation 2021e 2022e
P/E ratio (Price / EPS) 9,98x 7,00x
Capitalization / Revenue 0,95x 0,75x
EV / Revenue 1,12x 0,88x
EV / EBITDA 5,66x 4,89x
Yield (DPS / Price) 7,52% 7,05%
Price to book (Price / BVPS) 1,43x 1,29x
Profitability 2021e 2022e
Operating Margin (EBIT / Sales) 15,6% 15,6%
Operating Leverage (Delta EBIT / Delta Sales) 0,90x 0,99x
Net Margin (Net Profit / Revenue) 9,86% 11,4%
ROA (Net Profit / Asset) 3,53% 4,34%
ROE (Net Profit / Equities) 14,5% 18,9%
Rate of Dividend 75,0% 49,3%
Balance Sheet Analysis 2021e 2022e
CAPEX / Sales   1,79% 2,15%
Cash Flow / Sales 8,72% 2,53%
Capital Intensity (Assets / Sales) 2,80x 2,62x
Financial Leverage (Net Debt / EBITDA) 0,85x 0,83x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend