SERENA ENERGIA S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.5 BRL | +1.80% |
|
-3.85% | -16.75% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,021 | 7,907 | 7,022 | 5,978 | 6,358 | 5,293 | - | - |
| Enterprise Value (EV) 1 | 9,041 | 13,048 | 11,637 | 12,670 | 15,061 | 14,261 | 13,407 | 13,203 |
| P/E ratio | 192 x | 147 x | - | -189 x | 9.1 x | 45.8 x | 20.8 x | 9.9 x |
| Yield | - | - | - | - | - | 1.62% | 1.47% | 2.53% |
| Capitalization / Revenue | 5.94 x | 7.17 x | 3.97 x | 2.45 x | 2.09 x | 1.87 x | 2.37 x | 2.09 x |
| EV / Revenue | 8.91 x | 11.8 x | 6.58 x | 5.2 x | 4.96 x | 5.05 x | 6.01 x | 5.23 x |
| EV / EBITDA | 16.5 x | 16.8 x | 7.29 x | 12.7 x | 10.6 x | 8.4 x | 8.14 x | 6.99 x |
| EV / FCF | 26.1 x | 84.5 x | -262 x | -5.27 x | -7.7 x | 9.11 x | 5.54 x | 5.67 x |
| FCF Yield | 3.83% | 1.18% | -0.38% | -19% | -13% | 11% | 18% | 17.6% |
| Price to Book | 2.14 x | 2.12 x | - | 1.16 x | 1.22 x | 1.01 x | 0.99 x | 0.85 x |
| Nbr of stocks (in thousands) | 373,336 | 443,374 | 555,114 | 622,731 | 622,731 | 622,694 | - | - |
| Reference price 2 | 16.13 | 17.83 | 12.65 | 9.600 | 10.21 | 8.500 | 8.500 | 8.500 |
| Announcement Date | 3/3/20 | 3/3/21 | 2/24/22 | 2/28/23 | 2/21/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,014 | 1,102 | 1,770 | 2,437 | 3,037 | 2,823 | 2,231 | 2,526 |
| EBITDA 1 | 546.9 | 777.9 | 1,597 | 1,001 | 1,424 | 1,697 | 1,646 | 1,890 |
| EBIT 1 | 359.8 | 514.4 | 1,195 | 591.5 | 952.1 | 1,024 | 1,101 | 1,408 |
| Operating Margin | 35.46% | 46.67% | 67.54% | 24.27% | 31.35% | 36.25% | 49.34% | 55.75% |
| Earnings before Tax (EBT) 1 | 65.82 | 106.2 | 492.9 | 32.7 | 151.5 | 371.7 | 340.4 | - |
| Net income 1 | 27.15 | 54.72 | 297 | -8 | 62.84 | 178.4 | 334.1 | 531.4 |
| Net margin | 2.68% | 4.96% | 16.78% | -0.33% | 2.07% | 6.32% | 14.97% | 21.03% |
| EPS 2 | 0.0840 | 0.1212 | - | -0.0509 | 1.122 | 0.1858 | 0.4081 | 0.8589 |
| Free Cash Flow 1 | 345.8 | 154.4 | -44.35 | -2,406 | -1,956 | 1,566 | 2,419 | 2,330 |
| FCF margin | 34.09% | 14.01% | -2.51% | -98.74% | -64.41% | 55.47% | 108.42% | 92.22% |
| FCF Conversion (EBITDA) | 63.24% | 19.84% | - | - | - | 92.26% | 146.95% | 123.31% |
| FCF Conversion (Net income) | 1,273.88% | 282.09% | - | - | - | 877.9% | 724.1% | 438.43% |
| Dividend per Share 2 | - | - | - | - | - | 0.1377 | 0.1247 | 0.2147 |
| Announcement Date | 3/3/20 | 3/3/21 | 2/24/22 | 2/28/23 | 2/21/24 | - | - | - |
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 | 454.9 | 548.1 | 533.9 | 513.8 | 667.7 | 721 | 583.3 | 609.4 | 865.8 | 978.7 | 472 | 500 | 678 | 663 |
| EBITDA 1 | 269 | 951.5 | 171.5 | 244.1 | 282.1 | 359.2 | 227.8 | 290.5 | 493.1 | 518 | 309 | 387 | 545 | 532 |
| EBIT 1 | 168.8 | 865.1 | 69.79 | 78.1 | 203.2 | 255.7 | 120.4 | 118.2 | 327.6 | 385.8 | 231 | 241 | 400 | 388 |
| Operating Margin | 37.11% | 157.84% | 13.07% | 15.2% | 30.44% | 35.46% | 20.64% | 19.4% | 37.84% | 39.42% | 48.94% | 48.2% | 59% | 58.52% |
| Earnings before Tax (EBT) 1 | - | - | - | -88.5 | 92.92 | 141.2 | -67.82 | - | 134.2 | 168.1 | 106 | 18 | 161 | 158 |
| Net income 1 | -25.75 | 576.1 | -95.91 | -93.3 | 74.26 | 137 | -84.01 | -101.2 | 103 | 145 | 93 | 23 | 137 | 134 |
| Net margin | -5.66% | 105.11% | -17.96% | -18.16% | 11.12% | 19% | -14.4% | -16.61% | 11.9% | 14.82% | 19.7% | 4.6% | 20.21% | 20.21% |
| EPS 2 | -0.0700 | - | -0.5217 | - | 0.4002 | 0.9043 | -0.6737 | -0.2309 | 0.2263 | 1.303 | 0.1498 | 0.0370 | 0.2192 | 0.2155 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.1600 |
| Announcement Date | 11/4/21 | 2/24/22 | 5/4/22 | 8/15/22 | 11/11/22 | 2/28/23 | 5/4/23 | 8/8/23 | 11/1/23 | 2/21/24 | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,020 | 5,141 | 4,615 | 6,692 | 8,703 | 8,968 | 8,114 | 7,910 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.521 x | 6.608 x | 2.889 x | 6.685 x | 6.111 x | 5.284 x | 4.929 x | 4.186 x |
| Free Cash Flow 1 | 346 | 154 | -44.4 | -2,406 | -1,956 | 1,566 | 2,419 | 2,330 |
| ROE (net income / shareholders' equity) | 1.17% | 1.67% | - | -0.23% | 1.21% | 6.46% | 4.67% | 8.91% |
| ROA (Net income/ Total Assets) | - | - | - | -0.07% | 0.35% | 1.99% | 2.02% | 2.63% |
| Assets 1 | - | - | - | 10,724 | 17,817 | 8,968 | 16,530 | 20,222 |
| Book Value Per Share 2 | 7.540 | 8.420 | - | 8.270 | 8.360 | 8.430 | 8.600 | 9.960 |
| Cash Flow per Share 2 | - | 0.9500 | - | - | 0.9200 | 2.650 | 1.310 | - |
| Capex 1 | 790 | 1,199 | 90.7 | 2,449 | 2,529 | 329 | 51 | 52 |
| Capex / Sales | 77.84% | 108.77% | 5.12% | 100.52% | 83.25% | 11.65% | 2.29% | 2.06% |
| Announcement Date | 3/3/20 | 3/3/21 | 2/24/22 | 2/28/23 | 2/21/24 | - | - | - |
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
5
Last Close Price
8.5
BRL
Average target price
13.09
BRL
Spread / Average Target
+53.97%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -16.75% | 1.03B | |
| +8.92% | 18.8B | |
| -3.38% | 14.9B | |
| -3.12% | 2.4B | |
| +14.65% | 2.29B | |
| -18.91% | 2.05B | |
| -0.18% | 1.38B | |
| 0.00% | 1.19B | |
| -13.60% | 1.18B | |
| +0.46% | 1.15B |
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- Financials Serena Energia S.A.
