View ValuationWhirlpool 将来の成長Future 基準チェック /06現在、 Whirlpoolの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Consumer Durables 収益成長17.3%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesUpcoming Dividend • Apr 21Upcoming dividend of R$0.043 per shareEligible shareholders must have bought the stock before 28 April 2026. Payment date: 12 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 11%. Lower than top quartile of Brazilian dividend payers (11%). Higher than average of industry peers (7.6%).New Risk • Apr 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 150% Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (128% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.6% net profit margin).お知らせ • Mar 31Whirlpool S.A., Annual General Meeting, Apr 27, 2026Whirlpool S.A., Annual General Meeting, Apr 27, 2026.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: R$0.073 (vs R$0.15 in 3Q 2024)Third quarter 2025 results: EPS: R$0.073 (down from R$0.15 in 3Q 2024). Revenue: R$2.98b (down 8.2% from 3Q 2024). Net income: R$109.2m (down 51% from 3Q 2024). Profit margin: 3.7% (down from 6.8% in 3Q 2024). The decrease in margin was driven by lower revenue. 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 3% per year, which means it is significantly lagging earnings.New Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.7% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Dividend is not well covered by cash flows (155% cash payout ratio).Reported Earnings • Aug 15Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: R$3.08b (flat on 2Q 2024). Net income: R$124.3m (up 53% from 2Q 2024). Profit margin: 4.0% (up from 2.6% in 2Q 2024).Reported Earnings • May 17First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: R$2.97b (up 8.6% from 1Q 2024). Net income: R$190.4m (down 4.9% from 1Q 2024). Profit margin: 6.4% (down from 7.3% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Mar 27Full year 2024 earnings releasedFull year 2024 results: Revenue: R$12.9b (up 13% from FY 2023). Net income: R$781.3m (up 223% from FY 2023). Profit margin: 6.0% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue.お知らせ • Mar 27Whirlpool S.A., Annual General Meeting, Apr 25, 2025Whirlpool S.A., Annual General Meeting, Apr 25, 2025.New Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: R$3.25b (up 17% from 3Q 2023). Net income: R$221.9m (up 77% from 3Q 2023). Profit margin: 6.8% (up from 4.5% in 3Q 2023). The increase in margin was driven by higher revenue.Buy Or Sell Opportunity • Nov 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to R$4.28. The fair value is estimated to be R$5.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 49%.Reported Earnings • Aug 18Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: R$3.09b (up 18% from 2Q 2023). Net income: R$81.3m (down 35% from 2Q 2023). Profit margin: 2.6% (down from 4.8% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% 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.Reported Earnings • May 18First quarter 2024 earnings released: EPS: R$0.14 (vs R$0.046 in 1Q 2023)First quarter 2024 results: EPS: R$0.14 (up from R$0.046 in 1Q 2023). Revenue: R$2.73b (up 4.4% from 1Q 2023). Net income: R$200.3m (up 192% from 1Q 2023). Profit margin: 7.3% (up from 2.6% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 102% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).Reported Earnings • Mar 28Full year 2023 earnings released: EPS: R$0.17 (vs R$0.28 in FY 2022)Full year 2023 results: EPS: R$0.17 (down from R$0.28 in FY 2022). Revenue: R$11.5b (up 6.4% from FY 2022). Net income: R$241.9m (down 42% from FY 2022). Profit margin: 2.1% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R$5.02, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 10x in the Consumer Durables industry in Brazil. Total loss to shareholders of 30% over the past three years.New Risk • Nov 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin).Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: R$2.79b (up 6.8% from 3Q 2022). Net income: R$125.5m (up 3.7% from 3Q 2022). Profit margin: 4.5% (down from 4.6% in 3Q 2022). The decrease in margin was driven by higher expenses.New Risk • Nov 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin).New Risk • Oct 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.9% net profit margin).Reported Earnings • Mar 29Full year 2022 earnings released: EPS: R$0.28 (vs R$0.65 in FY 2021)Full year 2022 results: EPS: R$0.28 (down from R$0.65 in FY 2021). Revenue: R$10.8b (down 5.1% from FY 2021). Net income: R$416.7m (down 57% from FY 2021). Profit margin: 3.9% (down from 8.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: R$2.54b (down 4.3% from 2Q 2021). Net income: R$136.8m (down 39% from 2Q 2021). Profit margin: 5.4% (down from 8.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Board Change • Apr 26No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Is New 90 Day High Low • Nov 19New 90-day high: R$7.46The company is up 4.0% from its price of R$7.20 on 21 August 2020. The Brazilian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 1.0% over the same period.Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS R$0.19The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: R$2.63b (up 46% from 3Q 2019). Net income: R$278.8m (up 247% from 3Q 2019). Profit margin: 11% (up from 4.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Whirlpool は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測BOVESPA:WHRL4 - アナリストの将来予測と過去の財務データ ( )BRL Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202612,364328-745-371N/A12/31/202512,562449-726-394N/A9/30/202512,882702-683-377N/A6/30/202513,149814462725N/A3/31/202513,1687711,8652,080N/A12/31/202412,9327812,1442,380N/A9/30/202412,5314251,9022,129N/A6/30/202412,0653299481,131N/A3/31/202411,604374200418N/A12/31/202311,488242762973N/A9/30/202310,995356470759N/A6/30/202310,8183529661,210N/A3/31/202310,7243639111,253N/A12/31/202210,798417272614N/A9/30/202210,9345418291N/A6/30/202211,294818-573-211N/A3/31/202211,409905-764-495N/A12/31/202111,380980-114145N/A9/30/202111,3451,089398574N/A6/30/202111,0169701,3261,465N/A3/31/20219,9728061,7861,910N/A12/31/20209,3127121,4661,606N/A9/30/20208,6945771,7871,940N/A6/30/20207,849378641808N/A3/31/20208,068457416573N/A12/31/20197,768733N/A614N/A9/30/20197,579624N/A452N/A6/30/20197,417585N/A975N/A3/31/20196,894477N/A1,414N/A12/31/20186,609194N/A1,312N/A9/30/20185,795345N/A1,176N/A6/30/20185,746413N/A1,173N/A3/31/20186,012405N/A1,099N/A12/31/20176,387350N/A968N/A9/30/20176,873291N/A757N/A6/30/20177,698264N/A1,030N/A3/31/20178,410304N/A958N/A12/31/20165,882168N/A1,354N/A9/30/20169,781297N/A1,361N/A6/30/20169,506185N/A530N/A3/31/20169,434285N/A-71N/A12/31/20159,387287N/A-480N/A9/30/20159,468428N/A-579N/A6/30/20159,563614N/A69N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: WHRL4の予測収益成長が 貯蓄率 ( 12.4% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: WHRL4の収益がBR市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: WHRL4の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: WHRL4の収益がBR市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: WHRL4の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: WHRL4の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/11 22:08終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Whirlpool S.A. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Upcoming Dividend • Apr 21Upcoming dividend of R$0.043 per shareEligible shareholders must have bought the stock before 28 April 2026. Payment date: 12 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 11%. Lower than top quartile of Brazilian dividend payers (11%). Higher than average of industry peers (7.6%).
New Risk • Apr 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 150% Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (128% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.6% net profit margin).
お知らせ • Mar 31Whirlpool S.A., Annual General Meeting, Apr 27, 2026Whirlpool S.A., Annual General Meeting, Apr 27, 2026.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: R$0.073 (vs R$0.15 in 3Q 2024)Third quarter 2025 results: EPS: R$0.073 (down from R$0.15 in 3Q 2024). Revenue: R$2.98b (down 8.2% from 3Q 2024). Net income: R$109.2m (down 51% from 3Q 2024). Profit margin: 3.7% (down from 6.8% in 3Q 2024). The decrease in margin was driven by lower revenue. 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 3% per year, which means it is significantly lagging earnings.
New Risk • Aug 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.7% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Dividend is not well covered by cash flows (155% cash payout ratio).
Reported Earnings • Aug 15Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: R$3.08b (flat on 2Q 2024). Net income: R$124.3m (up 53% from 2Q 2024). Profit margin: 4.0% (up from 2.6% in 2Q 2024).
Reported Earnings • May 17First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: R$2.97b (up 8.6% from 1Q 2024). Net income: R$190.4m (down 4.9% from 1Q 2024). Profit margin: 6.4% (down from 7.3% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
New Risk • Apr 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Mar 27Full year 2024 earnings releasedFull year 2024 results: Revenue: R$12.9b (up 13% from FY 2023). Net income: R$781.3m (up 223% from FY 2023). Profit margin: 6.0% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue.
お知らせ • Mar 27Whirlpool S.A., Annual General Meeting, Apr 25, 2025Whirlpool S.A., Annual General Meeting, Apr 25, 2025.
New Risk • Nov 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Nov 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: R$3.25b (up 17% from 3Q 2023). Net income: R$221.9m (up 77% from 3Q 2023). Profit margin: 6.8% (up from 4.5% in 3Q 2023). The increase in margin was driven by higher revenue.
Buy Or Sell Opportunity • Nov 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to R$4.28. The fair value is estimated to be R$5.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 49%.
Reported Earnings • Aug 18Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: R$3.09b (up 18% from 2Q 2023). Net income: R$81.3m (down 35% from 2Q 2023). Profit margin: 2.6% (down from 4.8% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% 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.
Reported Earnings • May 18First quarter 2024 earnings released: EPS: R$0.14 (vs R$0.046 in 1Q 2023)First quarter 2024 results: EPS: R$0.14 (up from R$0.046 in 1Q 2023). Revenue: R$2.73b (up 4.4% from 1Q 2023). Net income: R$200.3m (up 192% from 1Q 2023). Profit margin: 7.3% (up from 2.6% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
New Risk • Apr 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 102% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin).
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: R$0.17 (vs R$0.28 in FY 2022)Full year 2023 results: EPS: R$0.17 (down from R$0.28 in FY 2022). Revenue: R$11.5b (up 6.4% from FY 2022). Net income: R$241.9m (down 42% from FY 2022). Profit margin: 2.1% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improves as stock rises 18%After last week's 18% share price gain to R$5.02, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 10x in the Consumer Durables industry in Brazil. Total loss to shareholders of 30% over the past three years.
New Risk • Nov 19New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 50% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.2% net profit margin).
Reported Earnings • Nov 17Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: R$2.79b (up 6.8% from 3Q 2022). Net income: R$125.5m (up 3.7% from 3Q 2022). Profit margin: 4.5% (down from 4.6% in 3Q 2022). The decrease in margin was driven by higher expenses.
New Risk • Nov 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin).
New Risk • Oct 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.9% net profit margin).
Reported Earnings • Mar 29Full year 2022 earnings released: EPS: R$0.28 (vs R$0.65 in FY 2021)Full year 2022 results: EPS: R$0.28 (down from R$0.65 in FY 2021). Revenue: R$10.8b (down 5.1% from FY 2021). Net income: R$416.7m (down 57% from FY 2021). Profit margin: 3.9% (down from 8.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 16Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: R$2.54b (down 4.3% from 2Q 2021). Net income: R$136.8m (down 39% from 2Q 2021). Profit margin: 5.4% (down from 8.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 26No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Is New 90 Day High Low • Nov 19New 90-day high: R$7.46The company is up 4.0% from its price of R$7.20 on 21 August 2020. The Brazilian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 1.0% over the same period.
Reported Earnings • Nov 16Third quarter 2020 earnings released: EPS R$0.19The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: R$2.63b (up 46% from 3Q 2019). Net income: R$278.8m (up 247% from 3Q 2019). Profit margin: 11% (up from 4.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.