View Future GrowthVulcabras 과거 순이익 실적과거 기준 점검 5/6Vulcabras은 연평균 28.1%의 비율로 수입이 증가해 온 반면, Luxury 산업은 수입이 20.2% 증가했습니다. 매출은 연평균 14.3%의 비율로 증가했습니다. Vulcabras의 자기자본이익률은 35.1%이고 순이익률은 24.9%입니다.핵심 정보28.08%순이익 성장률24.58%주당순이익(EPS) 성장률Luxury 산업 성장률27.78%매출 성장률14.28%자기자본이익률35.06%순이익률24.89%다음 순이익 업데이트10 Nov 2026최근 과거 실적 업데이트Reported Earnings • Aug 05Second quarter 2026 earnings: Revenues in line with analyst expectationsSecond quarter 2026 results: Revenue: R$994.8m (up 11% from 2Q 2025). Net income: R$143.7m (down 59% from 2Q 2025). Profit margin: 14% (down from 40% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • May 11First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: R$0.26 (down from R$0.39 in 1Q 2025). Revenue: R$776.4m (up 11% from 1Q 2025). Net income: R$80.1m (down 25% from 1Q 2025). Profit margin: 10% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 09Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: R$4.27 (up from R$2.11 in FY 2024). Revenue: R$3.56b (up 17% from FY 2024). Net income: R$1.17b (up 105% from FY 2024). Profit margin: 33% (up from 19% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Brazil. 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 14% per year, which means it is significantly lagging earnings growth.공고 • Dec 11+ 3 more updatesVulcabras S.A. to Report Q1, 2026 Results on May 05, 2026Vulcabras S.A. announced that they will report Q1, 2026 results on May 05, 2026Reported Earnings • Nov 02Third quarter 2025 earnings: Revenues exceed analyst expectationsThird quarter 2025 results: Revenue: R$955.7m (up 22% from 3Q 2024). Net income: R$547.2m (up 218% from 3Q 2024). Profit margin: 57% (up from 22% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.1%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Brazil.분석 기사 • Aug 22Vulcabras' (BVMF:VULC3) Earnings Are Weaker Than They SeemVulcabras S.A. ( BVMF:VULC3 ) just reported some strong earnings, and the market reacted accordingly with a healthy...모든 업데이트 보기Recent updates분석 기사 • Aug 08Vulcabras S.A. (BVMF:VULC3) Second-Quarter Results: Here's What Analysts Are Forecasting For This YearVulcabras S.A. ( BVMF:VULC3 ) came out with its quarterly results last week, and we wanted to see how the business is...Reported Earnings • Aug 05Second quarter 2026 earnings: Revenues in line with analyst expectationsSecond quarter 2026 results: Revenue: R$994.8m (up 11% from 2Q 2025). Net income: R$143.7m (down 59% from 2Q 2025). Profit margin: 14% (down from 40% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • May 11First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: R$0.26 (down from R$0.39 in 1Q 2025). Revenue: R$776.4m (up 11% from 1Q 2025). Net income: R$80.1m (down 25% from 1Q 2025). Profit margin: 10% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공고 • Mar 31Vulcabras S.A., Annual General Meeting, Apr 29, 2026Vulcabras S.A., Annual General Meeting, Apr 29, 2026. Location: exclusively remotely, BrazilNew Risk • Mar 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Dividend per share is over 5x cash flows per share. Earnings are forecast to decline by an average of 16% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding).New Risk • Mar 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Dividend per share is over 5x cash flows per share. Earnings are forecast to decline by an average of 16% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio).Reported Earnings • Mar 09Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: R$4.27 (up from R$2.11 in FY 2024). Revenue: R$3.56b (up 17% from FY 2024). Net income: R$1.17b (up 105% from FY 2024). Profit margin: 33% (up from 19% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Brazil. 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 14% per year, which means it is significantly lagging earnings growth.New Risk • Feb 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 393% Dividend yield: 15% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 393% Earnings are forecast to decline by an average of 15% per year for the foreseeable future. High level of non-cash earnings (40% accrual ratio).Major Estimate Revision • Jan 23Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from R$3.51b to R$3.57b. EPS estimate increased from R$2.84 to R$3.52 per share. Net income forecast to shrink 43% next year vs 25% growth forecast for Luxury industry in Brazil . Consensus price target broadly unchanged at R$23.83. Share price was steady at R$18.01 over the past week.분석 기사 • Jan 16Vulcabras S.A.'s (BVMF:VULC3) Earnings Are Not Doing Enough For Some InvestorsWhen close to half the companies in Brazil have price-to-earnings ratios (or "P/E's") above 10x, you may consider...공고 • Dec 11+ 3 more updatesVulcabras S.A. to Report Q1, 2026 Results on May 05, 2026Vulcabras S.A. announced that they will report Q1, 2026 results on May 05, 2026Valuation Update With 7 Day Price Move • Nov 11Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to R$19.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Luxury industry in Brazil. Total returns to shareholders of 134% over the past three years.분석 기사 • Nov 04Is Now The Time To Put Vulcabras (BVMF:VULC3) On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Reported Earnings • Nov 02Third quarter 2025 earnings: Revenues exceed analyst expectationsThird quarter 2025 results: Revenue: R$955.7m (up 22% from 3Q 2024). Net income: R$547.2m (up 218% from 3Q 2024). Profit margin: 57% (up from 22% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.1%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Brazil.Price Target Changed • Oct 21Price target increased by 8.4% to R$22.50Up from R$20.75, the current price target is an average from 6 analysts. New target price is 7.7% above last closing price of R$20.90. Stock is up 28% over the past year. The company is forecast to post earnings per share of R$2.50 for next year compared to R$2.11 last year.Upcoming Dividend • Oct 14Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 21 October 2025. Payment date: 03 November 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of Brazilian dividend payers (9.6%). Higher than average of industry peers (6.7%).분석 기사 • Sep 10Some Confidence Is Lacking In Vulcabras S.A.'s (BVMF:VULC3) P/EWith a median price-to-earnings (or "P/E") ratio of close to 9x in Brazil, you could be forgiven for feeling...Upcoming Dividend • Sep 02Upcoming dividend of R$1.10 per shareEligible shareholders must have bought the stock before 09 September 2025. Payment date: 22 September 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 12%. Within top quartile of Brazilian dividend payers (9.3%). Higher than average of industry peers (5.3%).Major Estimate Revision • Aug 29Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from R$2.15 to R$2.36. Revenue forecast steady at R$3.34b. Net income forecast to shrink 20% next year vs 16% growth forecast for Luxury industry in Brazil . Consensus price target up from R$20.75 to R$21.50. Share price rose 9.5% to R$21.62 over the past week.분석 기사 • Aug 22Vulcabras' (BVMF:VULC3) Earnings Are Weaker Than They SeemVulcabras S.A. ( BVMF:VULC3 ) just reported some strong earnings, and the market reacted accordingly with a healthy...New Risk • Aug 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Cash payout ratio: 340% Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio).Reported Earnings • Aug 15Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: R$894.8m (up 18% from 2Q 2024). Net income: R$353.3m (up 153% from 2Q 2024). Profit margin: 40% (up from 18% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in Brazil.Upcoming Dividend • Aug 12Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 19 August 2025. Payment date: 01 September 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.8%. Lower than top quartile of Brazilian dividend payers (9.6%). Higher than average of industry peers (4.5%).Upcoming Dividend • Jul 11Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 01 August 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Lower than top quartile of Brazilian dividend payers (9.1%). Higher than average of industry peers (5.0%).분석 기사 • Jul 01Does Vulcabras (BVMF:VULC3) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Upcoming Dividend • Jun 13Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 20 June 2025. Payment date: 01 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.6%. Lower than top quartile of Brazilian dividend payers (9.2%). Higher than average of industry peers (5.1%).Upcoming Dividend • May 14Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 21 May 2025. Payment date: 02 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.1%. Lower than top quartile of Brazilian dividend payers (9.4%). Higher than average of industry peers (5.3%).Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 20%After last week's 20% share price gain to R$20.69, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Luxury industry in Brazil. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at R$8.97 per share.분석 기사 • May 09Optimistic Investors Push Vulcabras S.A. (BVMF:VULC3) Shares Up 34% But Growth Is LackingVulcabras S.A. ( BVMF:VULC3 ) shares have had a really impressive month, gaining 34% after a shaky period beforehand...Reported Earnings • May 07First quarter 2025 earnings released: EPS: R$0.39 (vs R$0.34 in 1Q 2024)First quarter 2025 results: EPS: R$0.39 (up from R$0.34 in 1Q 2024). Revenue: R$701.2m (up 17% from 1Q 2024). Net income: R$106.1m (up 20% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Apr 15Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 22 April 2025. Payment date: 02 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.2%. Lower than top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (6.3%).Upcoming Dividend • Apr 11Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 18 April 2025. Payment date: 02 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.8%. Lower than top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (6.3%).분석 기사 • Apr 09Investors Shouldn't Overlook Vulcabras' (BVMF:VULC3) Impressive Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...공고 • Apr 02Vulcabras S.A., Annual General Meeting, Apr 30, 2025Vulcabras S.A., Annual General Meeting, Apr 30, 2025.Reported Earnings • Mar 12Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: R$2.11 (up from R$2.02 in FY 2023). Revenue: R$3.05b (up 8.2% from FY 2023). Net income: R$569.9m (up 15% from FY 2023). Profit margin: 19% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year.Upcoming Dividend • Mar 12Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 19 March 2025. Payment date: 01 April 2025. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 9.1%. Lower than top quartile of Brazilian dividend payers (10.0%). Higher than average of industry peers (6.0%).Upcoming Dividend • Feb 11Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 18 February 2025. Payment date: 06 March 2025. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 8.8%. Lower than top quartile of Brazilian dividend payers (10.0%). Higher than average of industry peers (5.0%).Price Target Changed • Jan 22Price target decreased by 7.7% to R$21.00Down from R$22.75, the current price target is an average from 4 analysts. New target price is 26% above last closing price of R$16.72. Stock is down 24% over the past year. The company is forecast to post earnings per share of R$1.99 for next year compared to R$2.02 last year.Upcoming Dividend • Jan 15Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 22 January 2025. Payment date: 03 February 2025. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 9.3%. Lower than top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (5.4%).Upcoming Dividend • Dec 10Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 17 December 2024. Payment date: 02 January 2025. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 9.2%. Lower than top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (4.9%).공고 • Dec 05+ 3 more updatesVulcabras S.A. to Report Q3, 2025 Results on Nov 04, 2025Vulcabras S.A. announced that they will report Q3, 2025 results on Nov 04, 2025분석 기사 • Nov 12Vulcabras' (BVMF:VULC3) Shareholders Have More To Worry About Than Only Soft EarningsVulcabras S.A.'s ( BVMF:VULC3 ) recent weak earnings report didn't cause a big stock movement. However, we believe that...Upcoming Dividend • Nov 12Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 19 November 2024. Payment date: 02 December 2024. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 9.3%. Lower than top quartile of Brazilian dividend payers (9.5%). Higher than average of industry peers (4.3%).Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: R$0.64 (vs R$0.52 in 3Q 2023)Third quarter 2024 results: EPS: R$0.64 (up from R$0.52 in 3Q 2023). Revenue: R$784.6m (up 7.3% from 3Q 2023). Net income: R$172.2m (up 35% from 3Q 2023). Profit margin: 22% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year.Upcoming Dividend • Oct 11Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 18 October 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 9.2%. Lower than top quartile of Brazilian dividend payers (9.3%). Higher than average of industry peers (4.3%).Upcoming Dividend • Sep 13Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 20 September 2024. Payment date: 01 October 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 9.0%. Within top quartile of Brazilian dividend payers (8.6%). Higher than average of industry peers (3.9%).Upcoming Dividend • Aug 14Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 20 August 2024. Payment date: 02 September 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 9.0%. Within top quartile of Brazilian dividend payers (8.8%). Higher than average of industry peers (3.9%).Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: R$0.52 (vs R$0.57 in 2Q 2023)Second quarter 2024 results: EPS: R$0.52. Revenue: R$761.0m (up 5.1% from 2Q 2023). Net income: R$139.7m (flat on 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Brazil.분석 기사 • Aug 08Vulcabras (BVMF:VULC3) Knows How To Allocate Capital EffectivelyDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...Price Target Changed • May 21Price target decreased by 9.4% to R$23.00Down from R$25.40, the current price target is an average from 3 analysts. New target price is 47% above last closing price of R$15.65. Stock is up 2.5% over the past year. The company is forecast to post earnings per share of R$2.04 for next year compared to R$2.02 last year.분석 기사 • May 11Vulcabras S.A. (BVMF:VULC3) Just Released Its First-Quarter Earnings: Here's What Analysts ThinkLast week, you might have seen that Vulcabras S.A. ( BVMF:VULC3 ) released its quarterly result to the market. The...Reported Earnings • May 08First quarter 2024 earnings released: EPS: R$0.34 (vs R$0.34 in 1Q 2023)First quarter 2024 results: EPS: R$0.34. Revenue: R$597.3m (up 4.6% from 1Q 2023). Net income: R$88.8m (up 6.1% from 1Q 2023). Profit margin: 15% (in line with 1Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Brazil.분석 기사 • Apr 16Vulcabras S.A.'s (BVMF:VULC3) Shares Not Telling The Full StoryWith a median price-to-earnings (or "P/E") ratio of close to 10x in Brazil, you could be forgiven for feeling...분석 기사 • Mar 14Solid Earnings May Not Tell The Whole Story For Vulcabras (BVMF:VULC3)Vulcabras S.A.'s ( BVMF:VULC3 ) healthy profit numbers didn't contain any surprises for investors. However the...Reported Earnings • Mar 10Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: R$2.02 (up from R$1.90 in FY 2022). Revenue: R$2.82b (up 11% from FY 2022). Net income: R$494.9m (up 6.3% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Feb 20Now 21% overvaluedOver the last 90 days, the stock has fallen 7.4% to R$18.59. The fair value is estimated to be R$15.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.New Risk • Feb 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding).New Risk • Jan 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 7.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change).분석 기사 • Jan 24Here's Why We Think Vulcabras (BVMF:VULC3) Is Well Worth WatchingIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...분석 기사 • Jan 05Vulcabras S.A.'s (BVMF:VULC3) Earnings Are Not Doing Enough For Some InvestorsVulcabras S.A.'s ( BVMF:VULC3 ) price-to-earnings (or "P/E") ratio of 8.3x might make it look like a buy right now...공고 • Dec 07+ 4 more updatesVulcabras S.A. to Report Q4, 2023 Results on Mar 12, 2024Vulcabras S.A. announced that they will report Q4, 2023 results on Mar 12, 2024분석 기사 • Dec 04When Should You Buy Vulcabras S.A. (BVMF:VULC3)?Vulcabras S.A. ( BVMF:VULC3 ), might not be a large cap stock, but it saw a significant share price rise of over 20% in...Price Target Changed • Nov 22Price target increased by 16% to R$25.25Up from R$21.75, the current price target is an average from 4 analysts. New target price is 29% above last closing price of R$19.57. Stock is up 51% over the past year. The company is forecast to post earnings per share of R$1.94 for next year compared to R$1.89 last year.분석 기사 • Nov 21Is Vulcabras (BVMF:VULC3) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$20.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Luxury industry in Brazil. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at R$28.63 per share.Reported Earnings • Nov 03Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: R$731.4m (up 10% from 3Q 2022). Net income: R$127.6m (up 30% from 3Q 2022). Profit margin: 17% (up from 15% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Brazil.분석 기사 • Aug 24Shareholders Are Optimistic That Vulcabras (BVMF:VULC3) Will Multiply In ValueDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Upcoming Dividend • Aug 24Upcoming dividend of R$0.15 per share at 2.8% yieldEligible shareholders must have bought the stock before 31 August 2023. Payment date: 14 September 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Brazilian dividend payers (7.4%). Lower than average of industry peers (4.7%).Buying Opportunity • Aug 04Now 21% undervaluedOver the last 90 days, the stock is up 40%. The fair value is estimated to be R$25.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 13% per annum over the same time period.Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: R$0.57 (vs R$0.42 in 2Q 2022)Second quarter 2023 results: EPS: R$0.57 (up from R$0.42 in 2Q 2022). Revenue: R$723.9m (up 10% from 2Q 2022). Net income: R$139.0m (up 34% from 2Q 2022). Profit margin: 19% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury 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 only increased by 58% per year, which means it is significantly lagging earnings growth.Price Target Changed • Jul 17Price target increased by 9.8% to R$18.67Up from R$17.00, the current price target is an average from 3 analysts. New target price is 6.8% above last closing price of R$17.47. Stock is up 68% over the past year. The company is forecast to post earnings per share of R$1.84 for next year compared to R$1.89 last year.분석 기사 • Jun 02Vulcabras (BVMF:VULC3) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Upcoming Dividend • May 16Upcoming dividend of R$0.15 per share at 4.0% yieldEligible shareholders must have bought the stock before 23 May 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Brazilian dividend payers (8.0%). Lower than average of industry peers (5.4%).Reported Earnings • May 06First quarter 2023 earnings released: EPS: R$0.34 (vs R$0.22 in 1Q 2022)First quarter 2023 results: EPS: R$0.34 (up from R$0.22 in 1Q 2022). Revenue: R$571.1m (up 20% from 1Q 2022). Net income: R$83.6m (up 55% from 1Q 2022). Profit margin: 15% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury 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 only increased by 53% per year, which means it is significantly lagging earnings growth.분석 기사 • Apr 14We Ran A Stock Scan For Earnings Growth And Vulcabras (BVMF:VULC3) Passed With EaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Upcoming Dividend • Mar 28Upcoming dividend of R$0.085 per share at 3.1% yieldEligible shareholders must have bought the stock before 04 April 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Brazilian dividend payers (8.3%). Lower than average of industry peers (5.7%).Reported Earnings • Mar 03Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: R$2.54b (up 36% from FY 2021). Net income: R$465.6m (up 48% from FY 2021). Profit margin: 18% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Brazil.분석 기사 • Dec 11Is Vulcabras (BVMF:VULC3) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Price Target Changed • Nov 16Price target increased to R$16.43Up from R$12.50, the current price target is an average from 4 analysts. New target price is 21% above last closing price of R$13.58. Stock is up 36% over the past year. The company is forecast to post earnings per share of R$1.55 for next year compared to R$1.28 last year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman of Administrative Council Pedro Bartelle was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: R$0.40 (vs R$0.52 in 3Q 2021)Third quarter 2022 results: EPS: R$0.40 (down from R$0.52 in 3Q 2021). Revenue: R$663.5m (up 24% from 3Q 2021). Net income: R$97.9m (down 23% from 3Q 2021). Profit margin: 15% (down from 24% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.분석 기사 • Nov 03Is Now The Time To Look At Buying Vulcabras S.A. (BVMF:VULC3)?Vulcabras S.A. ( BVMF:VULC3 ), is not the largest company out there, but it saw a significant share price rise of over...분석 기사 • Oct 04Here's What's Concerning About Vulcabras' (BVMF:VULC3) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Price Target Changed • Aug 03Price target increased to R$13.63Up from R$12.50, the current price target is an average from 3 analysts. New target price is 10% above last closing price of R$12.34. Stock is up 36% over the past year. The company posted earnings per share of R$1.28 last year.분석 기사 • Jul 31Analyst Estimates: Here's What Brokers Think Of Vulcabras S.A. (BVMF:VULC3) After Its Second-Quarter ReportInvestors in Vulcabras S.A. ( BVMF:VULC3 ) had a good week, as its shares rose 6.1% to close at R$11.47 following the...Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: R$0.42 (vs R$0.37 in 2Q 2021)Second quarter 2022 results: EPS: R$0.42 (up from R$0.37 in 2Q 2021). Revenue: R$656.8m (up 64% from 2Q 2021). Net income: R$103.7m (up 13% from 2Q 2021). Profit margin: 16% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 21% growth forecast for the 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 only increased by 18% per year, which means it is significantly lagging earnings growth.분석 기사 • Jun 13Shareholders Are Optimistic That Vulcabras Azaleia (BVMF:VULC3) Will Multiply In ValueIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...분석 기사 • May 13Should You Think About Buying Vulcabras Azaleia S.A. (BVMF:VULC3) Now?While Vulcabras Azaleia S.A. ( BVMF:VULC3 ) might not be the most widely known stock at the moment, it led the BOVESPA...매출 및 비용 세부 내역Vulcabras가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이BOVESPA:VULC3 매출, 비용 및 순이익 (BRL Millions)날짜매출순이익일반관리비연구개발비30 Jun 263,736930885031 Mar 263,6351,139870031 Dec 253,5601,165852030 Sep 253,4571,176837030 Jun 253,286801803031 Mar 253,153587766031 Dec 243,049570736030 Sep 242,934545700030 Jun 242,881501677031 Mar 242,844500657031 Dec 232,818495641030 Sep 232,765564630030 Jun 232,697535604031 Mar 232,630500578031 Dec 222,537470549030 Sep 222,418337490030 Jun 222,290365473031 Mar 222,033353430031 Dec 211,867314408030 Sep 211,706287401030 Jun 211,553204361031 Mar 211,25237322031 Dec 201,17932311030 Sep 201,09422297030 Jun 201,07121303031 Mar 201,299126333031 Dec 191,360143334030 Sep 191,340144327030 Jun 191,303142312031 Mar 191,257145294031 Dec 181,249152283030 Sep 181,210151263030 Jun 181,231178257031 Mar 181,259196259031 Dec 171,263189259030 Sep 171,256157266030 Jun 171,220111265031 Mar 171,17960264031 Dec 161,13436262030 Sep 16816-18207030 Jun 16865-29218031 Mar 16933-45235031 Dec 15966-61245030 Sep 151,299-102960양질의 수익: VULC3는 고품질 수익을 보유하고 있습니다.이익 마진 증가: VULC3의 현재 순 이익률 (24.9%)은 지난해 (24.4%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: VULC3의 수익은 지난 5년 동안 연평균 28.1%로 크게 증가했습니다.성장 가속화: 지난 1년간 VULC3 의 수익 증가율(16.1%)은 5년 평균(연간 28.1%)보다 낮습니다.수익 대 산업: VULC3의 지난 1년 수익 증가율(16.1%)은 Luxury 업계의 1.7%를 상회했습니다.자기자본이익률높은 ROE: VULC3의 자본 수익률(35.1%)은 높음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-durables 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/10 02:20종가2026/08/10 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Vulcabras S.A.는 10명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Luiz Poli GuanaisBTG PactualCarlos Palhares SequeiraBTG PactualVictor Rogatis TrevisanItau BBA7명의 분석가 더 보기
Reported Earnings • Aug 05Second quarter 2026 earnings: Revenues in line with analyst expectationsSecond quarter 2026 results: Revenue: R$994.8m (up 11% from 2Q 2025). Net income: R$143.7m (down 59% from 2Q 2025). Profit margin: 14% (down from 40% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • May 11First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: R$0.26 (down from R$0.39 in 1Q 2025). Revenue: R$776.4m (up 11% from 1Q 2025). Net income: R$80.1m (down 25% from 1Q 2025). Profit margin: 10% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 09Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: R$4.27 (up from R$2.11 in FY 2024). Revenue: R$3.56b (up 17% from FY 2024). Net income: R$1.17b (up 105% from FY 2024). Profit margin: 33% (up from 19% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Brazil. 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 14% per year, which means it is significantly lagging earnings growth.
공고 • Dec 11+ 3 more updatesVulcabras S.A. to Report Q1, 2026 Results on May 05, 2026Vulcabras S.A. announced that they will report Q1, 2026 results on May 05, 2026
Reported Earnings • Nov 02Third quarter 2025 earnings: Revenues exceed analyst expectationsThird quarter 2025 results: Revenue: R$955.7m (up 22% from 3Q 2024). Net income: R$547.2m (up 218% from 3Q 2024). Profit margin: 57% (up from 22% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.1%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Brazil.
분석 기사 • Aug 22Vulcabras' (BVMF:VULC3) Earnings Are Weaker Than They SeemVulcabras S.A. ( BVMF:VULC3 ) just reported some strong earnings, and the market reacted accordingly with a healthy...
분석 기사 • Aug 08Vulcabras S.A. (BVMF:VULC3) Second-Quarter Results: Here's What Analysts Are Forecasting For This YearVulcabras S.A. ( BVMF:VULC3 ) came out with its quarterly results last week, and we wanted to see how the business is...
Reported Earnings • Aug 05Second quarter 2026 earnings: Revenues in line with analyst expectationsSecond quarter 2026 results: Revenue: R$994.8m (up 11% from 2Q 2025). Net income: R$143.7m (down 59% from 2Q 2025). Profit margin: 14% (down from 40% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • May 11First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: R$0.26 (down from R$0.39 in 1Q 2025). Revenue: R$776.4m (up 11% from 1Q 2025). Net income: R$80.1m (down 25% from 1Q 2025). Profit margin: 10% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공고 • Mar 31Vulcabras S.A., Annual General Meeting, Apr 29, 2026Vulcabras S.A., Annual General Meeting, Apr 29, 2026. Location: exclusively remotely, Brazil
New Risk • Mar 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Dividend per share is over 5x cash flows per share. Earnings are forecast to decline by an average of 16% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding).
New Risk • Mar 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Dividend per share is over 5x cash flows per share. Earnings are forecast to decline by an average of 16% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio).
Reported Earnings • Mar 09Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: R$4.27 (up from R$2.11 in FY 2024). Revenue: R$3.56b (up 17% from FY 2024). Net income: R$1.17b (up 105% from FY 2024). Profit margin: 33% (up from 19% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Brazil. 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 14% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 07New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 393% Dividend yield: 15% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Cash payout ratio: 393% Earnings are forecast to decline by an average of 15% per year for the foreseeable future. High level of non-cash earnings (40% accrual ratio).
Major Estimate Revision • Jan 23Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from R$3.51b to R$3.57b. EPS estimate increased from R$2.84 to R$3.52 per share. Net income forecast to shrink 43% next year vs 25% growth forecast for Luxury industry in Brazil . Consensus price target broadly unchanged at R$23.83. Share price was steady at R$18.01 over the past week.
분석 기사 • Jan 16Vulcabras S.A.'s (BVMF:VULC3) Earnings Are Not Doing Enough For Some InvestorsWhen close to half the companies in Brazil have price-to-earnings ratios (or "P/E's") above 10x, you may consider...
공고 • Dec 11+ 3 more updatesVulcabras S.A. to Report Q1, 2026 Results on May 05, 2026Vulcabras S.A. announced that they will report Q1, 2026 results on May 05, 2026
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to R$19.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Luxury industry in Brazil. Total returns to shareholders of 134% over the past three years.
분석 기사 • Nov 04Is Now The Time To Put Vulcabras (BVMF:VULC3) On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Reported Earnings • Nov 02Third quarter 2025 earnings: Revenues exceed analyst expectationsThird quarter 2025 results: Revenue: R$955.7m (up 22% from 3Q 2024). Net income: R$547.2m (up 218% from 3Q 2024). Profit margin: 57% (up from 22% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.1%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Brazil.
Price Target Changed • Oct 21Price target increased by 8.4% to R$22.50Up from R$20.75, the current price target is an average from 6 analysts. New target price is 7.7% above last closing price of R$20.90. Stock is up 28% over the past year. The company is forecast to post earnings per share of R$2.50 for next year compared to R$2.11 last year.
Upcoming Dividend • Oct 14Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 21 October 2025. Payment date: 03 November 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 13%. Within top quartile of Brazilian dividend payers (9.6%). Higher than average of industry peers (6.7%).
분석 기사 • Sep 10Some Confidence Is Lacking In Vulcabras S.A.'s (BVMF:VULC3) P/EWith a median price-to-earnings (or "P/E") ratio of close to 9x in Brazil, you could be forgiven for feeling...
Upcoming Dividend • Sep 02Upcoming dividend of R$1.10 per shareEligible shareholders must have bought the stock before 09 September 2025. Payment date: 22 September 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 12%. Within top quartile of Brazilian dividend payers (9.3%). Higher than average of industry peers (5.3%).
Major Estimate Revision • Aug 29Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from R$2.15 to R$2.36. Revenue forecast steady at R$3.34b. Net income forecast to shrink 20% next year vs 16% growth forecast for Luxury industry in Brazil . Consensus price target up from R$20.75 to R$21.50. Share price rose 9.5% to R$21.62 over the past week.
분석 기사 • Aug 22Vulcabras' (BVMF:VULC3) Earnings Are Weaker Than They SeemVulcabras S.A. ( BVMF:VULC3 ) just reported some strong earnings, and the market reacted accordingly with a healthy...
New Risk • Aug 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Cash payout ratio: 340% Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio).
Reported Earnings • Aug 15Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: R$894.8m (up 18% from 2Q 2024). Net income: R$353.3m (up 153% from 2Q 2024). Profit margin: 40% (up from 18% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in Brazil.
Upcoming Dividend • Aug 12Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 19 August 2025. Payment date: 01 September 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.8%. Lower than top quartile of Brazilian dividend payers (9.6%). Higher than average of industry peers (4.5%).
Upcoming Dividend • Jul 11Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 18 July 2025. Payment date: 01 August 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Lower than top quartile of Brazilian dividend payers (9.1%). Higher than average of industry peers (5.0%).
분석 기사 • Jul 01Does Vulcabras (BVMF:VULC3) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Upcoming Dividend • Jun 13Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 20 June 2025. Payment date: 01 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.6%. Lower than top quartile of Brazilian dividend payers (9.2%). Higher than average of industry peers (5.1%).
Upcoming Dividend • May 14Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 21 May 2025. Payment date: 02 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.1%. Lower than top quartile of Brazilian dividend payers (9.4%). Higher than average of industry peers (5.3%).
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 20%After last week's 20% share price gain to R$20.69, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Luxury industry in Brazil. Total returns to shareholders of 147% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at R$8.97 per share.
분석 기사 • May 09Optimistic Investors Push Vulcabras S.A. (BVMF:VULC3) Shares Up 34% But Growth Is LackingVulcabras S.A. ( BVMF:VULC3 ) shares have had a really impressive month, gaining 34% after a shaky period beforehand...
Reported Earnings • May 07First quarter 2025 earnings released: EPS: R$0.39 (vs R$0.34 in 1Q 2024)First quarter 2025 results: EPS: R$0.39 (up from R$0.34 in 1Q 2024). Revenue: R$701.2m (up 17% from 1Q 2024). Net income: R$106.1m (up 20% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Apr 15Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 22 April 2025. Payment date: 02 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.2%. Lower than top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (6.3%).
Upcoming Dividend • Apr 11Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 18 April 2025. Payment date: 02 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.8%. Lower than top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (6.3%).
분석 기사 • Apr 09Investors Shouldn't Overlook Vulcabras' (BVMF:VULC3) Impressive Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
공고 • Apr 02Vulcabras S.A., Annual General Meeting, Apr 30, 2025Vulcabras S.A., Annual General Meeting, Apr 30, 2025.
Reported Earnings • Mar 12Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: R$2.11 (up from R$2.02 in FY 2023). Revenue: R$3.05b (up 8.2% from FY 2023). Net income: R$569.9m (up 15% from FY 2023). Profit margin: 19% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year.
Upcoming Dividend • Mar 12Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 19 March 2025. Payment date: 01 April 2025. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 9.1%. Lower than top quartile of Brazilian dividend payers (10.0%). Higher than average of industry peers (6.0%).
Upcoming Dividend • Feb 11Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 18 February 2025. Payment date: 06 March 2025. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 8.8%. Lower than top quartile of Brazilian dividend payers (10.0%). Higher than average of industry peers (5.0%).
Price Target Changed • Jan 22Price target decreased by 7.7% to R$21.00Down from R$22.75, the current price target is an average from 4 analysts. New target price is 26% above last closing price of R$16.72. Stock is down 24% over the past year. The company is forecast to post earnings per share of R$1.99 for next year compared to R$2.02 last year.
Upcoming Dividend • Jan 15Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 22 January 2025. Payment date: 03 February 2025. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 9.3%. Lower than top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (5.4%).
Upcoming Dividend • Dec 10Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 17 December 2024. Payment date: 02 January 2025. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 9.2%. Lower than top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (4.9%).
공고 • Dec 05+ 3 more updatesVulcabras S.A. to Report Q3, 2025 Results on Nov 04, 2025Vulcabras S.A. announced that they will report Q3, 2025 results on Nov 04, 2025
분석 기사 • Nov 12Vulcabras' (BVMF:VULC3) Shareholders Have More To Worry About Than Only Soft EarningsVulcabras S.A.'s ( BVMF:VULC3 ) recent weak earnings report didn't cause a big stock movement. However, we believe that...
Upcoming Dividend • Nov 12Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 19 November 2024. Payment date: 02 December 2024. The company is paying out more than 100% of its profits and is paying out 87% of its cash flow. Trailing yield: 9.3%. Lower than top quartile of Brazilian dividend payers (9.5%). Higher than average of industry peers (4.3%).
Reported Earnings • Nov 06Third quarter 2024 earnings released: EPS: R$0.64 (vs R$0.52 in 3Q 2023)Third quarter 2024 results: EPS: R$0.64 (up from R$0.52 in 3Q 2023). Revenue: R$784.6m (up 7.3% from 3Q 2023). Net income: R$172.2m (up 35% from 3Q 2023). Profit margin: 22% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year.
Upcoming Dividend • Oct 11Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 18 October 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 9.2%. Lower than top quartile of Brazilian dividend payers (9.3%). Higher than average of industry peers (4.3%).
Upcoming Dividend • Sep 13Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 20 September 2024. Payment date: 01 October 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 9.0%. Within top quartile of Brazilian dividend payers (8.6%). Higher than average of industry peers (3.9%).
Upcoming Dividend • Aug 14Upcoming dividend of R$0.13 per shareEligible shareholders must have bought the stock before 20 August 2024. Payment date: 02 September 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 9.0%. Within top quartile of Brazilian dividend payers (8.8%). Higher than average of industry peers (3.9%).
Reported Earnings • Aug 08Second quarter 2024 earnings released: EPS: R$0.52 (vs R$0.57 in 2Q 2023)Second quarter 2024 results: EPS: R$0.52. Revenue: R$761.0m (up 5.1% from 2Q 2023). Net income: R$139.7m (flat on 2Q 2023). Profit margin: 18% (in line with 2Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Brazil.
분석 기사 • Aug 08Vulcabras (BVMF:VULC3) Knows How To Allocate Capital EffectivelyDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Price Target Changed • May 21Price target decreased by 9.4% to R$23.00Down from R$25.40, the current price target is an average from 3 analysts. New target price is 47% above last closing price of R$15.65. Stock is up 2.5% over the past year. The company is forecast to post earnings per share of R$2.04 for next year compared to R$2.02 last year.
분석 기사 • May 11Vulcabras S.A. (BVMF:VULC3) Just Released Its First-Quarter Earnings: Here's What Analysts ThinkLast week, you might have seen that Vulcabras S.A. ( BVMF:VULC3 ) released its quarterly result to the market. The...
Reported Earnings • May 08First quarter 2024 earnings released: EPS: R$0.34 (vs R$0.34 in 1Q 2023)First quarter 2024 results: EPS: R$0.34. Revenue: R$597.3m (up 4.6% from 1Q 2023). Net income: R$88.8m (up 6.1% from 1Q 2023). Profit margin: 15% (in line with 1Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Luxury industry in Brazil.
분석 기사 • Apr 16Vulcabras S.A.'s (BVMF:VULC3) Shares Not Telling The Full StoryWith a median price-to-earnings (or "P/E") ratio of close to 10x in Brazil, you could be forgiven for feeling...
분석 기사 • Mar 14Solid Earnings May Not Tell The Whole Story For Vulcabras (BVMF:VULC3)Vulcabras S.A.'s ( BVMF:VULC3 ) healthy profit numbers didn't contain any surprises for investors. However the...
Reported Earnings • Mar 10Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: R$2.02 (up from R$1.90 in FY 2022). Revenue: R$2.82b (up 11% from FY 2022). Net income: R$494.9m (up 6.3% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Feb 20Now 21% overvaluedOver the last 90 days, the stock has fallen 7.4% to R$18.59. The fair value is estimated to be R$15.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 61%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
New Risk • Feb 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding).
New Risk • Jan 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 7.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change).
분석 기사 • Jan 24Here's Why We Think Vulcabras (BVMF:VULC3) Is Well Worth WatchingIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
분석 기사 • Jan 05Vulcabras S.A.'s (BVMF:VULC3) Earnings Are Not Doing Enough For Some InvestorsVulcabras S.A.'s ( BVMF:VULC3 ) price-to-earnings (or "P/E") ratio of 8.3x might make it look like a buy right now...
공고 • Dec 07+ 4 more updatesVulcabras S.A. to Report Q4, 2023 Results on Mar 12, 2024Vulcabras S.A. announced that they will report Q4, 2023 results on Mar 12, 2024
분석 기사 • Dec 04When Should You Buy Vulcabras S.A. (BVMF:VULC3)?Vulcabras S.A. ( BVMF:VULC3 ), might not be a large cap stock, but it saw a significant share price rise of over 20% in...
Price Target Changed • Nov 22Price target increased by 16% to R$25.25Up from R$21.75, the current price target is an average from 4 analysts. New target price is 29% above last closing price of R$19.57. Stock is up 51% over the past year. The company is forecast to post earnings per share of R$1.94 for next year compared to R$1.89 last year.
분석 기사 • Nov 21Is Vulcabras (BVMF:VULC3) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 16%After last week's 16% share price gain to R$20.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Luxury industry in Brazil. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at R$28.63 per share.
Reported Earnings • Nov 03Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: R$731.4m (up 10% from 3Q 2022). Net income: R$127.6m (up 30% from 3Q 2022). Profit margin: 17% (up from 15% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury industry in Brazil.
분석 기사 • Aug 24Shareholders Are Optimistic That Vulcabras (BVMF:VULC3) Will Multiply In ValueDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Upcoming Dividend • Aug 24Upcoming dividend of R$0.15 per share at 2.8% yieldEligible shareholders must have bought the stock before 31 August 2023. Payment date: 14 September 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Brazilian dividend payers (7.4%). Lower than average of industry peers (4.7%).
Buying Opportunity • Aug 04Now 21% undervaluedOver the last 90 days, the stock is up 40%. The fair value is estimated to be R$25.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 13% per annum over the same time period.
Reported Earnings • Aug 02Second quarter 2023 earnings released: EPS: R$0.57 (vs R$0.42 in 2Q 2022)Second quarter 2023 results: EPS: R$0.57 (up from R$0.42 in 2Q 2022). Revenue: R$723.9m (up 10% from 2Q 2022). Net income: R$139.0m (up 34% from 2Q 2022). Profit margin: 19% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury 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 only increased by 58% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Jul 17Price target increased by 9.8% to R$18.67Up from R$17.00, the current price target is an average from 3 analysts. New target price is 6.8% above last closing price of R$17.47. Stock is up 68% over the past year. The company is forecast to post earnings per share of R$1.84 for next year compared to R$1.89 last year.
분석 기사 • Jun 02Vulcabras (BVMF:VULC3) Seems To Use Debt Quite SensiblyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Upcoming Dividend • May 16Upcoming dividend of R$0.15 per share at 4.0% yieldEligible shareholders must have bought the stock before 23 May 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Brazilian dividend payers (8.0%). Lower than average of industry peers (5.4%).
Reported Earnings • May 06First quarter 2023 earnings released: EPS: R$0.34 (vs R$0.22 in 1Q 2022)First quarter 2023 results: EPS: R$0.34 (up from R$0.22 in 1Q 2022). Revenue: R$571.1m (up 20% from 1Q 2022). Net income: R$83.6m (up 55% from 1Q 2022). Profit margin: 15% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Luxury 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 only increased by 53% per year, which means it is significantly lagging earnings growth.
분석 기사 • Apr 14We Ran A Stock Scan For Earnings Growth And Vulcabras (BVMF:VULC3) Passed With EaseFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Upcoming Dividend • Mar 28Upcoming dividend of R$0.085 per share at 3.1% yieldEligible shareholders must have bought the stock before 04 April 2023. Payment date: 14 April 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Brazilian dividend payers (8.3%). Lower than average of industry peers (5.7%).
Reported Earnings • Mar 03Full year 2022 earnings: Revenues in line with analyst expectationsFull year 2022 results: Revenue: R$2.54b (up 36% from FY 2021). Net income: R$465.6m (up 48% from FY 2021). Profit margin: 18% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in Brazil.
분석 기사 • Dec 11Is Vulcabras (BVMF:VULC3) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Price Target Changed • Nov 16Price target increased to R$16.43Up from R$12.50, the current price target is an average from 4 analysts. New target price is 21% above last closing price of R$13.58. Stock is up 36% over the past year. The company is forecast to post earnings per share of R$1.55 for next year compared to R$1.28 last year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman of Administrative Council Pedro Bartelle was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: R$0.40 (vs R$0.52 in 3Q 2021)Third quarter 2022 results: EPS: R$0.40 (down from R$0.52 in 3Q 2021). Revenue: R$663.5m (up 24% from 3Q 2021). Net income: R$97.9m (down 23% from 3Q 2021). Profit margin: 15% (down from 24% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in Brazil. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
분석 기사 • Nov 03Is Now The Time To Look At Buying Vulcabras S.A. (BVMF:VULC3)?Vulcabras S.A. ( BVMF:VULC3 ), is not the largest company out there, but it saw a significant share price rise of over...
분석 기사 • Oct 04Here's What's Concerning About Vulcabras' (BVMF:VULC3) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Price Target Changed • Aug 03Price target increased to R$13.63Up from R$12.50, the current price target is an average from 3 analysts. New target price is 10% above last closing price of R$12.34. Stock is up 36% over the past year. The company posted earnings per share of R$1.28 last year.
분석 기사 • Jul 31Analyst Estimates: Here's What Brokers Think Of Vulcabras S.A. (BVMF:VULC3) After Its Second-Quarter ReportInvestors in Vulcabras S.A. ( BVMF:VULC3 ) had a good week, as its shares rose 6.1% to close at R$11.47 following the...
Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: R$0.42 (vs R$0.37 in 2Q 2021)Second quarter 2022 results: EPS: R$0.42 (up from R$0.37 in 2Q 2021). Revenue: R$656.8m (up 64% from 2Q 2021). Net income: R$103.7m (up 13% from 2Q 2021). Profit margin: 16% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 21% growth forecast for the 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 only increased by 18% per year, which means it is significantly lagging earnings growth.
분석 기사 • Jun 13Shareholders Are Optimistic That Vulcabras Azaleia (BVMF:VULC3) Will Multiply In ValueIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
분석 기사 • May 13Should You Think About Buying Vulcabras Azaleia S.A. (BVMF:VULC3) Now?While Vulcabras Azaleia S.A. ( BVMF:VULC3 ) might not be the most widely known stock at the moment, it led the BOVESPA...