PORTO SEGURO S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 30.3 BRL | +1.20% |
|
+2.30% | +5.43% |
| Feb. 28 | Porto Seguro S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 28 | Transcript : Porto Seguro S.A., Q4 2023 Earnings Call, Feb 27, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,260 | 15,779 | 13,386 | 14,770 | 18,425 | 19,425 | - | - |
| Enterprise Value (EV) 1 | 19,511 | 14,998 | 12,116 | 14,770 | 18,425 | 19,425 | 19,425 | 19,425 |
| P/E ratio | 14.7 x | 9.35 x | 8.72 x | 13.2 x | 8.21 x | 8.3 x | 7.87 x | 7.31 x |
| Yield | 3.4% | 5.35% | - | - | - | 5.87% | 6.46% | 6.98% |
| Capitalization / Revenue | 1.36 x | 1.01 x | 0.83 x | 0.74 x | 0.74 x | 0.69 x | 0.65 x | 0.61 x |
| EV / Revenue | 1.36 x | 1.01 x | 0.83 x | 0.74 x | 0.74 x | 0.69 x | 0.65 x | 0.61 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 2.45 x | 1.75 x | 1.44 x | - | 1.5 x | 1.5 x | 1.35 x | 1.24 x |
| Nbr of stocks (in thousands) | 645,835 | 644,029 | 639,848 | 638,024 | 641,092 | 641,092 | - | - |
| Reference price 2 | 31.37 | 24.50 | 20.92 | 23.15 | 28.74 | 30.30 | 30.30 | 30.30 |
| Announcement Date | 2/3/20 | 2/8/21 | 2/7/22 | 2/9/23 | 2/27/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 14,898 | 15,645 | 16,207 | 19,841 | 24,745 | 28,175 | 29,894 | 32,107 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 988 | 1,762 | 1,247 | 986.5 | 3,074 | 2,523 | 2,818 | - |
| Operating Margin | 6.63% | 11.26% | 7.69% | 4.97% | 12.42% | 8.95% | 9.43% | - |
| Earnings before Tax (EBT) 1 | 2,027 | 2,605 | 1,716 | 1,591 | 4,102 | 3,583 | 3,846 | 4,085 |
| Net income 1 | 1,379 | 1,688 | 1,544 | 1,135 | 2,266 | 2,361 | 2,477 | 2,682 |
| Net margin | 9.26% | 10.79% | 9.53% | 5.72% | 9.16% | 8.38% | 8.29% | 8.35% |
| EPS 2 | 2.135 | 2.620 | 2.398 | 1.760 | 3.503 | 3.653 | 3.850 | 4.145 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 1.067 | 1.310 | - | - | - | 1.778 | 1.957 | 2.114 |
| Announcement Date | 2/3/20 | 2/8/21 | 2/7/22 | 2/9/23 | 2/27/24 | - | - | - |
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 | 4,134 | 4,333 | 4,439 | 4,730 | 5,169 | 5,505 | 5,736 | 6,000 | 6,407 | 6,601 | 6,710 | 6,943 | 7,108 | 7,237 | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 161.7 | 163.1 | 93.35 | 65.05 | 163.8 | 599.6 | 413.5 | 686.7 | 730.9 | 821.8 | 693 | - | - | - | - |
| Operating Margin | 3.91% | 3.77% | 2.1% | 1.38% | 3.17% | 10.89% | 7.21% | 11.44% | 11.41% | 12.45% | 10.33% | - | - | - | - |
| Earnings before Tax (EBT) 1 | 124.7 | 301.1 | 243.1 | 154 | 323.6 | 805.3 | 583.7 | 963 | 978.9 | 1,155 | 930.7 | 895 | 900 | 941 | - |
| Net income 1 | 62 | 532.8 | 175.1 | 131.4 | 272.7 | 555.6 | 332.8 | 705.6 | 579.3 | 648.9 | 580.8 | 582.1 | 586.9 | 605.2 | 518 |
| Net margin | 1.5% | 12.3% | 3.94% | 2.78% | 5.28% | 10.09% | 5.8% | 11.76% | 9.04% | 9.83% | 8.66% | 8.38% | 8.26% | 8.36% | - |
| EPS 2 | 0.1900 | 0.8300 | 0.2700 | 0.2041 | 0.4200 | 0.8600 | 0.5356 | 1.090 | 0.9129 | 1.003 | 0.9200 | 0.9100 | 0.9233 | 0.9367 | 0.8270 |
| Dividend per Share 2 | - | - | - | - | 0.6233 | - | - | - | - | - | - | 0.9100 | - | 0.9239 | - |
| Announcement Date | 11/10/21 | 2/7/22 | 5/6/22 | 8/18/22 | 11/9/22 | 2/9/23 | 5/11/23 | 8/10/23 | 11/17/23 | 2/27/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 749 | 780 | 1,269 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 17.3% | 19.6% | 16.8% | - | 19.8% | 18.9% | 18.4% | 17.9% |
| ROA (Net income/ Total Assets) | 4.36% | 4.86% | 3.94% | - | 5.4% | 4.2% | 4.2% | 4.1% |
| Assets 1 | 31,636 | 34,722 | 39,180 | - | 41,966 | 56,213 | 58,983 | 65,404 |
| Book Value Per Share 2 | 12.80 | 14.00 | 14.50 | - | 19.20 | 20.20 | 22.40 | 24.50 |
| Cash Flow per Share | - | 2.230 | 3.840 | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/3/20 | 2/8/21 | 2/7/22 | 2/9/23 | 2/27/24 | - | - | - |
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
30.3
BRL
Average target price
34.55
BRL
Spread / Average Target
+14.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.43% | 3.79B | |
| +30.61% | 122B | |
| +8.19% | 28.53B | |
| -5.99% | 12.17B | |
| +0.56% | 10.1B | |
| +28.58% | 5.09B | |
| +38.46% | 2.86B | |
| +14.36% | 750M | |
| -4.91% | 331M | |
| +11.32% | 196M |
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- Financials Porto Seguro S.A.
