GRUPO SBF S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.85 BRL | +2.24% |
|
+1.63% | +1.02% |
| Mar. 19 | Transcript : Grupo SBF S.A., Q4 2023 Earnings Call, Mar 19, 2024 | |
| Mar. 18 | Grupo SBF S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 7,393 | 7,189 | 5,470 | 3,113 | 2,858 | 2,888 | - | - |
| Enterprise Value (EV) 1 | 7,322 | 7,274 | 7,039 | 5,465 | 5,174 | 4,907 | 4,514 | 4,205 |
| P/E ratio | 22.7 x | -60.7 x | 11.4 x | 15.6 x | - | 12 x | 7.01 x | 5.17 x |
| Yield | - | - | - | - | - | 0.72% | 0.98% | 1.98% |
| Capitalization / Revenue | 2.9 x | 2.99 x | 1.07 x | 0.5 x | 0.41 x | 0.39 x | 0.34 x | 0.31 x |
| EV / Revenue | 2.88 x | 3.02 x | 1.38 x | 0.87 x | 0.74 x | 0.66 x | 0.54 x | 0.45 x |
| EV / EBITDA | 23.6 x | 32.3 x | 9.93 x | 7.51 x | 5.76 x | 4.67 x | 3.78 x | 3.12 x |
| EV / FCF | -30.2 x | -11.1 x | - | -59.3 x | 10.4 x | 13.7 x | 13.4 x | - |
| FCF Yield | -3.31% | -9.02% | - | -1.69% | 9.64% | 7.32% | 7.49% | - |
| Price to Book | 6.32 x | 3.69 x | 2.46 x | 1.29 x | 1.16 x | 1.03 x | 0.9 x | 0.78 x |
| Nbr of stocks (in thousands) | 210,141 | 241,890 | 242,998 | 243,596 | 243,689 | 243,689 | - | - |
| Reference price 2 | 35.18 | 29.72 | 22.51 | 12.78 | 11.73 | 11.85 | 11.85 | 11.85 |
| Announcement Date | 3/19/20 | 3/31/21 | 3/29/22 | 3/2/23 | 3/18/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,545 | 2,407 | 5,110 | 6,261 | 6,989 | 7,468 | 8,416 | 9,305 |
| EBITDA 1 | 310.8 | 225.3 | 709.2 | 727.8 | 897.6 | 1,051 | 1,195 | 1,348 |
| EBIT 1 | 306.2 | -72.78 | 421.4 | 398.4 | 530.7 | 621.9 | 708.9 | 890.8 |
| Operating Margin | 12.03% | -3.02% | 8.25% | 6.36% | 7.59% | 8.33% | 8.42% | 9.57% |
| Earnings before Tax (EBT) 1 | 407.3 | -202 | 210.3 | 218.2 | 189.8 | 263.8 | 449.9 | 636.5 |
| Net income 1 | 310.2 | -112.8 | 498.2 | 204.6 | 168.8 | 241.5 | 412.3 | 532 |
| Net margin | 12.19% | -4.68% | 9.75% | 3.27% | 2.42% | 3.23% | 4.9% | 5.72% |
| EPS 2 | 1.550 | -0.4900 | 1.980 | 0.8200 | - | 0.9900 | 1.690 | 2.290 |
| Free Cash Flow 1 | -242.3 | -656.1 | - | -92.16 | 498.9 | 359 | 338 | - |
| FCF margin | -9.52% | -27.26% | - | -1.47% | 7.14% | 4.81% | 4.02% | - |
| FCF Conversion (EBITDA) | - | - | - | - | 55.59% | 34.14% | 28.29% | - |
| FCF Conversion (Net income) | - | - | - | - | 295.56% | 148.65% | 81.97% | - |
| Dividend per Share 2 | - | - | - | - | - | 0.0850 | 0.1167 | 0.2350 |
| Announcement Date | 3/19/20 | 3/31/21 | 3/29/22 | 3/2/23 | 3/18/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,491 | 1,683 | 1,345 | 1,463 | 1,470 | 1,983 | 1,472 | 1,593 | 1,793 | 2,130 | 1,501 | 1,707 | 1,925 | 2,278 |
| EBITDA 1 | 251.3 | 271 | 185.4 | 154.8 | 161 | 226.6 | 205.9 | 159.9 | 239.8 | 291.9 | 181.8 | - | - | - |
| EBIT 1 | 170.8 | 203.2 | 93.05 | 70.5 | 53.35 | 143.3 | 106.9 | 48.97 | 168.6 | 212.2 | 107.7 | 81.7 | 160.4 | 273 |
| Operating Margin | 11.45% | 12.07% | 6.92% | 4.82% | 3.63% | 7.23% | 7.26% | 3.07% | 9.4% | 9.96% | 7.17% | 4.79% | 8.33% | 11.98% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 221.4 | 288.5 | - | 31.67 | 14.98 | - | 1.512 | - | 74.06 | - | 28 | - | - | - |
| Net margin | 14.85% | 17.14% | - | 2.16% | 1.02% | - | 0.1% | - | 4.13% | - | 1.86% | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 3/29/22 | 5/10/22 | 8/1/22 | 11/1/22 | 3/2/23 | 5/8/23 | 8/7/23 | 11/13/23 | 3/18/24 | - | - | - | - |
1BRL in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 84.6 | 1,570 | 2,351 | 2,315 | 2,019 | 1,626 | 1,317 |
| Net Cash position 1 | 70.7 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.3755 x | 2.213 x | 3.231 x | 2.58 x | 1.92 x | 1.361 x | 0.9773 x |
| Free Cash Flow 1 | -242 | -656 | - | -92.2 | 499 | 359 | 338 | - |
| ROE (net income / shareholders' equity) | 45.7% | -7.23% | 23.9% | 8.83% | 7.41% | 10.4% | 13.8% | 15.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 5.570 | 8.060 | 9.150 | 9.890 | 10.10 | 11.50 | 13.20 | 15.20 |
| Cash Flow per Share | - | -2.220 | 1.600 | - | - | - | - | - |
| Capex 1 | 119 | 147 | 188 | 230 | 126 | 324 | 418 | 561 |
| Capex / Sales | 4.67% | 6.12% | 3.67% | 3.68% | 1.81% | 4.34% | 4.97% | 6.03% |
| Announcement Date | 3/19/20 | 3/31/21 | 3/29/22 | 3/2/23 | 3/18/24 | - | - | - |
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
11.85
BRL
Average target price
16.29
BRL
Spread / Average Target
+37.43%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +1.02% | 563M | |
| -8.00% | 4.48B | |
| -10.53% | 4.31B | |
| +3.05% | 1.48B | |
| +4.07% | 646M | |
| -24.28% | 345M | |
| +2.27% | 77.79M |
- Stock Market
- Equities
- SBFG3 Stock
- Financials Grupo SBF S.A.
