New Risk • May 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -R$50m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-R$50m free cash flow). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Market cap is less than US$100m (R$86.1m market cap, or US$17.2m). New Risk • May 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -R$50m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-R$50m free cash flow). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Market cap is less than US$100m (R$84.7m market cap, or US$16.8m). Annuncio • Apr 29
Tecnisa S.A. to Report Q1, 2026 Results on May 14, 2026 Tecnisa S.A. announced that they will report Q1, 2026 results After-Market on May 14, 2026 Reported Earnings • Mar 30
Full year 2025 earnings released: R$1.36 loss per share (vs R$2.02 loss in FY 2024) Full year 2025 results: R$1.36 loss per share (improved from R$2.02 loss in FY 2024). Revenue: R$203.9m (down 57% from FY 2024). Net loss: R$100.7m (loss narrowed 32% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Annuncio • Mar 28
Tecnisa S.A., Annual General Meeting, Apr 28, 2026 Tecnisa S.A., Annual General Meeting, Apr 28, 2026. Annuncio • Mar 07
Tecnisa S.A. to Report Q4, 2025 Results on Mar 19, 2026 Tecnisa S.A. announced that they will report Q4, 2025 results After-Market on Mar 19, 2026 New Risk • Feb 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Market cap is less than US$100m (R$125.9m market cap, or US$24.5m). New Risk • Jan 27
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 7.1% 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: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (R$103.8m market cap, or US$20.0m). Reported Earnings • Jan 07
Third quarter 2025 earnings released: R$0.13 loss per share (vs R$0.58 loss in 3Q 2024) Third quarter 2025 results: R$0.13 loss per share (improved from R$0.58 loss in 3Q 2024). Revenue: R$81.5m (down 6.3% from 3Q 2024). Net loss: R$9.55m (loss narrowed 78% from 3Q 2024). Revenue is expected to decline by 28% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Brazil are expected to grow by 14%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2025 earnings released: R$0.81 loss per share (vs R$0.42 loss in 2Q 2024) Second quarter 2025 results: R$0.81 loss per share (further deteriorated from R$0.42 loss in 2Q 2024). Revenue: R$31.4m (down 82% from 2Q 2024). Net loss: R$59.4m (loss widened 90% from 2Q 2024). Revenue is expected to decline by 24% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Brazil are expected to grow by 14%. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (R$126.6m market cap, or US$23.3m). Reported Earnings • May 19
First quarter 2025 earnings released: R$0.11 loss per share (vs R$0.28 loss in 1Q 2024) First quarter 2025 results: R$0.11 loss per share (improved from R$0.28 loss in 1Q 2024). Revenue: R$46.9m (down 46% from 1Q 2024). Net loss: R$7.78m (loss narrowed 62% from 1Q 2024). Revenue is expected to decline by 31% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Brazil are expected to grow by 12%. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 22% per year. Board Change • Apr 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Board Vice President Joseph Nigri was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 28
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: R$2.05 loss per share (further deteriorated from R$0.76 loss in FY 2023). Revenue: R$470.6m (up 7.7% from FY 2023). Net loss: R$148.4m (loss widened 164% from FY 2023). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is expected to decline by 32% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Brazil are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Annuncio • Mar 28
Tecnisa S.A., Annual General Meeting, Apr 30, 2025 Tecnisa S.A., Annual General Meeting, Apr 30, 2025. Major Estimate Revision • Feb 05
Consensus EPS estimates fall from profit to R$1.87 loss, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from R$426.0m to R$444.0m. Now expected to report loss of -R$1.87 instead of R$0.45 per share profit. Consumer Durables industry in Brazil expected to see average net income growth of 37% next year. Consensus price target down from R$4.10 to R$3.10. Share price was steady at R$1.55 over the past week. New Risk • Dec 19
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 7.0% 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: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (R$94.2m market cap, or US$15.3m). Reported Earnings • Nov 14
Third quarter 2024 earnings released: R$0.58 loss per share (vs R$0.11 loss in 3Q 2023) Third quarter 2024 results: R$0.58 loss per share (further deteriorated from R$0.11 loss in 3Q 2023). Revenue: R$86.9m (up 1.2% from 3Q 2023). Net loss: R$42.9m (loss widened 438% from 3Q 2023). Revenue is expected to decline by 12% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Brazil are expected to grow by 12%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Annuncio • Oct 22
Tecnisa S.A. to Report Q3, 2024 Results on Nov 12, 2024 Tecnisa S.A. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: R$178.5m (up 110% from 2Q 2023). Net loss: R$31.3m (down R$35.9m from profit in 2Q 2023). Revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in Brazil are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Annuncio • Jul 23
Tecnisa S.A. to Report Q2, 2024 Results on Aug 08, 2024 Tecnisa S.A. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Reported Earnings • May 11
First quarter 2024 earnings released: R$0.28 loss per share (vs R$0.056 profit in 1Q 2023) First quarter 2024 results: R$0.28 loss per share (down from R$0.056 profit in 1Q 2023). Revenue: R$87.4m (down 38% from 1Q 2023). Net loss: R$20.7m (down R$24.8m from profit in 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Consumer Durables industry in Brazil. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Annuncio • Apr 21
Tecnisa S.A. to Report Q1, 2024 Results on May 09, 2024 Tecnisa S.A. announced that they will report Q1, 2024 results After-Market on May 09, 2024 Reported Earnings • Mar 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: R$0.75 loss per share (down from R$0.014 profit in FY 2022). Revenue: R$437.1m (up 84% from FY 2022). Net loss: R$56.2m (down R$57.2m from profit in FY 2022). Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Durables industry in Brazil. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Annuncio • Mar 29
Tecnisa S.A., Annual General Meeting, Apr 30, 2024 Tecnisa S.A., Annual General Meeting, Apr 30, 2024, at 13:00 Coordinated Universal Time. Agenda: To consider The Company's Financial Statements, accompanied by the respective explanatory notes and the report of the Independent Auditors, for the fiscal year ended December 31, 2023; To consider Management' accounts and the Management's Report on the corporate business and the main administrative facts of the fiscal year ended December 31, 2023. Price Target Changed • Mar 13
Price target increased by 16% to R$4.37 Up from R$3.78, the current price target is an average from 3 analysts. New target price is 48% above last closing price of R$2.95. Stock is up 12% over the past year. The company is forecast to post a net loss per share of R$0.04 compared to earnings per share of R$0.014 last year. Annuncio • Feb 27
Tecnisa S.A. to Report Q4, 2023 Results on Mar 21, 2024 Tecnisa S.A. announced that they will report Q4, 2023 results After-Market on Mar 21, 2024 Major Estimate Revision • Feb 01
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from R$607.0m to R$542.5m. EPS estimate fell from R$0.295 to R$0.15 per share. Net income forecast to grow 130% next year vs 45% growth forecast for Consumer Durables industry in Brazil. Consensus price target reaffirmed at R$3.78. Share price fell 9.3% to R$3.01 over the past week. Price Target Changed • Dec 20
Price target increased by 16% to R$3.78 Up from R$3.25, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of R$3.85. Stock is up 44% over the past year. The company is forecast to post earnings per share of R$0.29 for next year compared to R$0.014 last year. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to R$3.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Consumer Durables industry in Brazil. Total loss to shareholders of 65% over the past three years. New Risk • Nov 30
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (R$220.1m market cap, or US$44.9m). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R$3.12, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Consumer Durables industry in Brazil. Total loss to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R$3.08, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Consumer Durables industry in Brazil. Total loss to shareholders of 67% over the past three years. Major Estimate Revision • Aug 17
Consensus revenue estimates increase by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from R$539.0m to R$607.0m. EPS estimate unchanged from R$0.29 at last update. Consumer Durables industry in Brazil expected to see average net income growth of 37% next year. Consensus price target up from R$3.25 to R$3.53. Share price was steady at R$3.80 over the past week. Reported Earnings • Aug 13
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: R$101.8m (up 151% from 2Q 2022). Net income: R$4.58m (up R$13.9m from 2Q 2022). Profit margin: 4.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Brazil. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • May 31
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: R$0.063 (up from R$0.096 loss in 1Q 2022). Revenue: R$139.7m (up 194% from 1Q 2022). Net income: R$4.15m (up R$11.2m from 1Q 2022). Profit margin: 3.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Consumer Durables industry in Brazil. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Price Target Changed • May 14
Price target decreased by 9.7% to R$3.25 Down from R$3.60, the current price target is an average from 4 analysts. New target price is 9.4% above last closing price of R$2.97. Stock is up 11% over the past year. The company is forecast to post earnings per share of R$0.10 for next year compared to R$0.014 last year. Annuncio • May 12
Tecnisa S.A. to Report Q3, 2023 Results on Nov 10, 2023 Tecnisa S.A. announced that they will report Q3, 2023 results on Nov 10, 2023 Major Estimate Revision • Apr 26
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from R$618.7m to R$539.1m. EPS estimate fell from R$0.235 to R$0.10 per share. Net income forecast to grow 666% next year vs 49% growth forecast for Consumer Durables industry in Brazil. Consensus price target broadly unchanged at R$3.53. Share price fell 6.2% to R$2.71 over the past week. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: R$0.031 (vs R$2.51 loss in FY 2021) Full year 2022 results: EPS: R$0.031 (up from R$2.51 loss in FY 2021). Revenue: R$229.9m (up 63% from FY 2021). Net income: R$1.05m (up R$185.8m from FY 2021). Profit margin: 0.5% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in Brazil. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 24
Price target increased by 14% to R$4.77 Up from R$4.18, the current price target is an average from 3 analysts. New target price is 80% above last closing price of R$2.65. Stock is down 24% over the past year. The company is forecast to post a net loss per share of R$0.68 next year compared to a net loss per share of R$2.51 last year. Annuncio • Dec 07
Tecnisa S.A., Annual General Meeting, Apr 27, 2023 Tecnisa S.A., Annual General Meeting, Apr 27, 2023. Annuncio • Dec 06
Tecnisa S.A. to Report Fiscal Year 2022 Results on Mar 24, 2023 Tecnisa S.A. announced that they will report fiscal year 2022 results on Mar 24, 2023 Reported Earnings • Nov 28
Third quarter 2022 earnings: Revenues exceed analyst expectations Third quarter 2022 results: Revenue: R$72.1m (up 184% from 3Q 2021). Net income: R$1.66m (up R$46.7m from 3Q 2021). Profit margin: 2.3% (up from net loss in 3Q 2021). Revenue exceeded analyst estimates by 21%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in Brazil. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target increased to R$4.65 Up from R$4.18, the current price target is an average from 4 analysts. New target price is 31% above last closing price of R$3.54. Stock is down 4.3% over the past year. The company is forecast to post a net loss per share of R$0.74 next year compared to a net loss per share of R$2.51 last year. Price Target Changed • Oct 10
Price target increased to R$4.65 Up from R$4.18, the current price target is an average from 4 analysts. New target price is 21% above last closing price of R$3.83. Stock is down 24% over the past year. The company is forecast to post a net loss per share of R$0.74 next year compared to a net loss per share of R$2.51 last year. Major Estimate Revision • Sep 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from R$385.0m to R$338.7m. EPS estimate increased from -R$1.02 to -R$0.74 per share. Consumer Durables industry in Brazil expected to see average net income growth of 28% next year. Consensus price target up from R$4.18 to R$4.30. Share price was steady at R$2.93 over the past week. Reported Earnings • Aug 28
Second quarter 2022 earnings: Revenues miss analyst expectations Second quarter 2022 results: Revenue: R$40.6m (down 38% from 2Q 2021). Net loss: R$9.35m (loss narrowed 83% from 2Q 2021). Revenue missed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 311%, compared to a 15% growth forecast for the Consumer Durables industry in Brazil. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from R$363.3m to R$404.5m. EPS estimate unchanged from -R$1.02 at last update. Consumer Durables industry in Brazil expected to see average net income growth of 21% next year. Consensus price target down from R$4.63 to R$4.18. Share price rose 24% to R$2.22 over the past week. Reported Earnings • May 28
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: R$47.5m (up 45% from 1Q 2021). Net loss: R$7.05m (loss narrowed 73% from 1Q 2021). Revenue missed analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 203%, compared to a 18% growth forecast for the industry in Brazil. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Independent Board Member Ricardo Leonardos is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 29
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: R$2.51 loss per share (down from R$2.24 loss in FY 2020). Revenue: R$141.0m (down 19% from FY 2020). Net loss: R$184.7m (loss widened 12% from FY 2020). Revenue missed analyst estimates by 42%. Earnings per share (EPS) exceeded analyst estimates by 60%. Over the next year, revenue is forecast to grow 221%, compared to a 18% growth forecast for the industry in Brazil. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 18
Price target decreased to R$8.18 Down from R$9.20, the current price target is an average from 4 analysts. New target price is 124% above last closing price of R$3.65. Stock is down 54% over the past year. The company is forecast to post a net loss per share of R$0.48 next year compared to a net loss per share of R$2.24 last year. Price Target Changed • Jan 19
Price target decreased to R$9.20 Down from R$10.20, the current price target is an average from 4 analysts. New target price is 240% above last closing price of R$2.71. Stock is down 70% over the past year. The company is forecast to post a net loss per share of R$0.48 next year compared to a net loss per share of R$2.24 last year. Reported Earnings • Nov 14
Third quarter 2021 earnings released: R$0.61 loss per share (vs R$0.48 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: R$25.4m (down 57% from 3Q 2020). Net loss: R$45.0m (loss widened 27% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Annuncio • Sep 01
Tecnisa ADR - Sponsored to Be Deleted from Other OTC Tecnisa S.A. American Depositary Receipts – Sponsored will be deleted from other OTC effective from August 31, 2021, due to Inactive Security. Reported Earnings • Aug 30
Second quarter 2021 earnings released: R$0.74 loss per share (vs R$0.55 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: R$65.5m (up 94% from 2Q 2020). Net loss: R$54.4m (loss widened 35% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2021 earnings released: R$0.36 loss per share (vs R$0.79 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: R$32.7m (down 26% from 1Q 2020). Net loss: R$26.4m (loss narrowed 55% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 21
Full year 2020 earnings released: R$2.24 loss per share (vs R$4.98 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: R$174.2m (down 51% from FY 2019). Net loss: R$164.9m (loss narrowed 36% from FY 2019). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Annuncio • Mar 04
Tecnisa S.A. to Report Q4, 2020 Results on Mar 18, 2021 Tecnisa S.A. announced that they will report Q4, 2020 results After-Market on Mar 18, 2021 Is New 90 Day High Low • Feb 18
New 90-day low: R$8.37 The company is down 8.0% from its price of R$9.13 on 19 November 2020. The Brazilian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$0.25 per share. Price Target Changed • Feb 12
Price target lowered to R$15.48 Down from R$17.70, the current price target is an average from 3 analysts. The new target price is 79% above the current share price of R$8.64. Analyst Estimate Surprise Post Earnings • Nov 16
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 57%, compared to a 25% growth forecast for the Consumer Durables industry in Brazil. Is New 90 Day High Low • Oct 29
New 90-day low: R$8.60 The company is down 25% from its price of R$11.43 on 31 July 2020. The Brazilian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$0.15 per share. Is New 90 Day High Low • Sep 21
New 90-day low: R$9.92 The company is down 28% from its price of R$13.75 on 23 June 2020. The Brazilian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$0.15 per share.