Financials Eternit S.A.

Equities

ETER3

BRETERACNOR3

Construction Materials

Market Closed - Sao Paulo 04:07:55 2024-04-26 pm EDT 5-day change 1st Jan Change
7.27 BRL -4.59% Intraday chart for Eternit S.A. -5.34% -14.57%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 83.51 135.3 653.6 1,295 660.3 525.3
Enterprise Value (EV) 1 219 300.7 648 1,121 648.4 667.2
P/E ratio -0.56 x -10.7 x 4.12 x 4.81 x 4.8 x 4.13 x
Yield - - - 3.03% - 3.95%
Capitalization / Revenue 0.16 x 0.28 x 0.96 x 1.15 x 0.56 x 0.47 x
EV / Revenue 0.41 x 0.62 x 0.95 x 1 x 0.55 x 0.59 x
EV / EBITDA -4.88 x -10.4 x 4.55 x 3.41 x 3.49 x 5.74 x
EV / FCF 536 x 23.6 x -48.2 x 64.2 x 190 x -5.44 x
FCF Yield 0.19% 4.24% -2.07% 1.56% 0.53% -18.4%
Price to Book 6.83 x -48 x 3.04 x 2.3 x 0.98 x 0.68 x
Nbr of stocks (in thousands) 29,824 31,764 51,666 61,767 61,767 61,722
Reference price 2 2.800 4.260 12.65 20.96 10.69 8.510
Announcement Date 3/23/19 3/25/20 3/3/21 2/22/22 2/14/23 2/27/24
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 536.9 488.7 683.4 1,123 1,187 1,129
EBITDA 1 -44.91 -28.9 142.4 329.1 185.7 116.2
EBIT 1 -56.01 -44.85 124.7 314.8 165.1 80.37
Operating Margin -10.43% -9.18% 18.24% 28.03% 13.9% 7.12%
Earnings before Tax (EBT) 1 -133.3 44.44 193.7 347 165 62.96
Net income 1 -149.4 -12.65 158.8 269.4 137.6 127.2
Net margin -27.82% -2.59% 23.23% 23.98% 11.59% 11.26%
EPS 2 -5.008 -0.3982 3.073 4.361 2.228 2.061
Free Cash Flow 1 0.4084 12.76 -13.43 17.46 3.404 -122.8
FCF margin 0.08% 2.61% -1.97% 1.55% 0.29% -10.87%
FCF Conversion (EBITDA) - - - 5.31% 1.83% -
FCF Conversion (Net income) - - - 6.48% 2.47% -
Dividend per Share - - - 0.6352 - 0.3360
Announcement Date 3/23/19 3/25/20 3/3/21 2/22/22 2/14/23 2/27/24
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 135 165 - - - 142
Net Cash position 1 - - 5.61 174 11.9 -
Leverage (Debt/EBITDA) -3.016 x -5.724 x - - - 1.222 x
Free Cash Flow 1 0.41 12.8 -13.4 17.5 3.4 -123
ROE (net income / shareholders' equity) -163% -267% 150% 69.2% 22.2% 17.6%
ROA (Net income/ Total Assets) -6.18% -5.03% 12.1% 22.4% 9.24% 3.98%
Assets 1 2,417 251.5 1,315 1,203 1,490 3,194
Book Value Per Share 2 0.4100 -0.0900 4.160 9.120 10.90 12.50
Cash Flow per Share 2 0.3100 0.2900 1.570 3.540 1.820 0.2700
Capex 1 6.91 9.04 11.4 55.7 90.4 208
Capex / Sales 1.29% 1.85% 1.66% 4.96% 7.61% 18.46%
Announcement Date 3/23/19 3/25/20 3/3/21 2/22/22 2/14/23 2/27/24
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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