Analysts have slightly lowered their fair value estimate for Lojas Renner from R$20.31 to R$19.99. They cite updated views on discount rates and projected revenue growth as the main reasons for this adjustment.
What's in the News
- Lojas Renner held an Analyst/Investor Day to update stakeholders on company strategy and performance. (Key Developments)
- A Special/Extraordinary Shareholders Meeting was convened to consider a new long term incentive plan, reforms to the corporate bylaws, and other governance changes. (Key Developments)
- The company completed a major buyback program, repurchasing 51,995,400 shares, which represents 4.94% of its capital, for BRL 650 million. (Key Developments)
Valuation Changes
- Fair Value Estimate: Lowered slightly from R$20.31 to R$19.99.
- Discount Rate: Increased fractionally from 20.78% to 20.81%.
- Revenue Growth: Reduced from 8.80% to 8.38%.
- Net Profit Margin: Improved marginally from 9.72% to 9.81%.
- Future P/E: Decreased from 16.11x to 15.74x.
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