New Risk • Jun 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: R$509.6m (US$98.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (R$509.6m market cap, or US$98.5m). New Risk • May 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: R$0.26 (vs R$0.16 in 1Q 2025) First quarter 2026 results: EPS: R$0.26 (up from R$0.16 in 1Q 2025). Revenue: R$1.16b (down 3.2% from 1Q 2025). Net income: R$24.7m (up 64% from 1Q 2025). Profit margin: 2.1% (up from 1.3% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 27
Full year 2025 earnings released Full year 2025 results: Revenue: R$5.50b (flat on FY 2024). Net income: R$332.7m (up 129% from FY 2024). Profit margin: 6.0% (up from 2.6% in FY 2024). Annonce • Mar 26
Allied Tecnologia S.A., Annual General Meeting, Apr 24, 2026 Allied Tecnologia S.A., Annual General Meeting, Apr 24, 2026. Location: avenida das nacoes unidas, 12.995, 22 andar, brooklin paulista, city and state of sao paulo., sao paulo. Brazil Upcoming Dividend • Jan 26
Upcoming dividend of R$0.42 per share Eligible shareholders must have bought the stock before 02 February 2026. Payment date: 31 March 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 31%. Within top quartile of Brazilian dividend payers (11%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to R$8.25, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 26x in the Electronic industry globally. Total returns to shareholders of 159% over the past three years. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: R$2.78 (vs R$0.22 in 3Q 2024) Third quarter 2025 results: EPS: R$2.78 (up from R$0.22 in 3Q 2024). Revenue: R$1.41b (flat on 3Q 2024). Net income: R$262.6m (up R$241.7m from 3Q 2024). Profit margin: 19% (up from 1.5% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 10
Upcoming dividend of R$1.90 per share Eligible shareholders must have bought the stock before 17 November 2025. Payment date: 25 November 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 26%. Within top quartile of Brazilian dividend payers (9.5%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to R$10.12, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 28x in the Electronic industry globally. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R$7.77, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 26x in the Electronic industry globally. Total returns to shareholders of 36% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: R$1.39b (up 6.3% from 2Q 2024). Net income: R$15.9m (up 7.4% from 2Q 2024). Profit margin: 1.1% (in line with 2Q 2024). New Risk • Aug 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (136% payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R$7.96, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 24x in the Electronic industry globally. Total returns to shareholders of 8.2% over the past three years. Price Target Changed • Jun 11
Price target decreased by 7.7% to R$9.00 Down from R$9.75, the current price target is provided by 1 analyst. New target price is 27% above last closing price of R$7.06. Stock is down 0.7% over the past year. The company posted earnings per share of R$1.55 last year. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: R$0.16 (vs R$0.54 in 1Q 2024) First quarter 2025 results: EPS: R$0.16 (down from R$0.54 in 1Q 2024). Revenue: R$1.20b (down 16% from 1Q 2024). Net income: R$15.1m (down 70% from 1Q 2024). Profit margin: 1.3% (down from 3.5% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 28
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: R$1.55 (up from R$1.31 in FY 2023). Revenue: R$5.52b (down 5.7% from FY 2023). Net income: R$145.5m (up 19% from FY 2023). Profit margin: 2.6% (up from 2.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 88%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Annonce • Mar 28
Allied Tecnologia S.A., Annual General Meeting, Apr 25, 2025 Allied Tecnologia S.A., Annual General Meeting, Apr 25, 2025. Location: avenida das nacoes unidas, 12.995, 22 andar, brooklin paulista, city and state of sao paulo, sao paulo Brazil New Risk • Dec 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: R$629.3m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (136% payout ratio). Market cap is less than US$100m (R$629.3m market cap, or US$99.6m). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to R$7.35, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Electronic industry globally. Total loss to shareholders of 22% over the past three years. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: R$0.22 (vs R$0.21 in 3Q 2023) Third quarter 2024 results: EPS: R$0.22 (up from R$0.21 in 3Q 2023). Revenue: R$1.40b (down 7.7% from 3Q 2023). Net income: R$20.9m (up 7.3% from 3Q 2023). Profit margin: 1.5% (up from 1.3% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R$8.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Electronic industry globally. Total loss to shareholders of 55% over the past three years. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: R$0.16 (vs R$0.18 in 2Q 2023) Second quarter 2024 results: EPS: R$0.16 (down from R$0.18 in 2Q 2023). Revenue: R$1.31b (down 15% from 2Q 2023). Net income: R$14.8m (down 12% from 2Q 2023). Profit margin: 1.1% (in line with 2Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 09
Price target decreased by 7.5% to R$9.25 Down from R$10.00, the current price target is an average from 4 analysts. New target price is 17% above last closing price of R$7.89. Stock is up 11% over the past year. The company is forecast to post earnings per share of R$0.80 for next year compared to R$1.31 last year. Major Estimate Revision • Jul 08
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from R$1.72 to R$1.92. Revenue forecast steady at R$6.02b. Net income forecast to shrink 45% next year vs 31% growth forecast for Electronic industry in Brazil . Consensus price target of R$9.75 unchanged from last update. Share price rose 4.2% to R$7.71 over the past week. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: R$0.54 (vs R$0.17 in 1Q 2023) First quarter 2024 results: EPS: R$0.54 (up from R$0.17 in 1Q 2023). Revenue: R$1.42b (up 4.2% from 1Q 2023). Net income: R$50.1m (up 207% from 1Q 2023). Profit margin: 3.5% (up from 1.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Global Electronic industry. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to R$7.40, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 17x in the Electronic industry globally. Total loss to shareholders of 36% over the past three years. Upcoming Dividend • Apr 09
Upcoming dividend of R$1.07 per share Eligible shareholders must have bought the stock before 16 April 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Brazilian dividend payers (8.3%). Higher than average of industry peers (1.7%). Reported Earnings • Mar 24
Full year 2023 earnings: Revenues exceed analyst expectations Full year 2023 results: Revenue: R$5.85b (up 14% from FY 2022). Net income: R$122.4m (up 61% from FY 2022). Profit margin: 2.1% (up from 1.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Global Electronic industry. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to R$8.55, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Electronic industry globally. Total returns to shareholders of 110% over the past year. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to R$8.22, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Electronic industry globally. Total returns to shareholders of 56% over the past year. Price Target Changed • May 23
Price target decreased by 39% to R$12.00 Down from R$19.67, the current price target is an average from 2 analysts. New target price is 96% above last closing price of R$6.11. Stock is down 54% over the past year. The company posted earnings per share of R$0.82 last year. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to R$6.07, the stock trades at a trailing P/E ratio of 8.1x. Average forward P/E is 16x in the Electronic industry globally. Total loss to shareholders of 49% over the past year. Reported Earnings • Mar 23
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: R$0.82 (down from R$3.09 in FY 2021). Revenue: R$5.13b (down 11% from FY 2021). Net income: R$76.1m (down 74% from FY 2021). Profit margin: 1.5% (down from 5.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 69%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Global Electronic industry. Price Target Changed • Jan 16
Price target decreased to R$19.67 Down from R$21.67, the current price target is an average from 3 analysts. New target price is 242% above last closing price of R$5.75. Stock is down 63% over the past year. The company is forecast to post earnings per share of R$2.60 for next year compared to R$3.09 last year. Price Target Changed • Jul 02
Price target decreased to R$24.00 Down from R$30.00, the current price target is an average from 3 analysts. New target price is 149% above last closing price of R$9.65. Stock is down 73% over the past year. The company posted earnings per share of R$3.09 last year. Upcoming Dividend • Apr 27
Upcoming dividend of R$0.57 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 30 May 2022. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Brazilian dividend payers (6.3%). Higher than average of industry peers (2.1%). Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: R$3.09 (vs R$1.80 in FY 2020) Full year 2021 results: EPS: R$3.09 (up from R$1.80 in FY 2020). Revenue: R$5.74b (up 22% from FY 2020). Net income: R$288.2m (up 72% from FY 2020). Profit margin: 5.0% (up from 3.5% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.5%, compared to a 18% growth forecast for the industry in Brazil. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 16% share price gain to R$13.63, the stock trades at a trailing P/E ratio of 3.7x. Average forward P/E is 16x in the Electronic industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$10.76 per share. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 19% share price gain to R$17.31, the stock trades at a trailing P/E ratio of 4.7x. Average forward P/E is 19x in the Electronic industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$11.42 per share. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to R$24.57, the stock trades at a trailing P/E ratio of 6.5x. Average forward P/E is 18x in the Electronic industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$24.49 per share. Annonce • Sep 03
Allied acquired BrUsed. Allied acquired BrUsed on September 2, 2021.
Allied completed the acquisition of BrUsed on September 2, 2021. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to R$30.49, the stock trades at a trailing P/E ratio of 13.5x. Average forward P/E is 19x in the Electronic industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$24.89 per share. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 20% share price gain to R$27.64, the stock trades at a trailing P/E ratio of 12.2x. Average forward P/E is 35x in the Specialty Retail industry in Brazil. Simply Wall St's valuation model estimates the intrinsic value at R$22.27 per share. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 20% share price gain to R$22.00, the stock trades at a trailing P/E ratio of 9.7x. Average forward P/E is 32x in the Specialty Retail industry in Brazil. Simply Wall St's valuation model estimates the intrinsic value at R$21.81 per share.