Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to R$3.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Consumer Services industry in Brazil. Total returns to shareholders of 64% over the past three years. Reported Earnings • May 11
First quarter 2026 earnings: Revenues exceed analyst expectations First quarter 2026 results: Revenue: R$1.12b (up 7.7% from 1Q 2025). Net income: R$106.2m (up 11% from 1Q 2025). Profit margin: 9.5% (in line with 1Q 2025). Revenue exceeded analyst estimates by 1.6%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Services industry in Brazil. Declared Dividend • Apr 20
Dividend increased to R$0.078 Dividend of R$0.078 is 45% higher than last year. Ex-date: 27th April 2026 Payment date: 15th May 2026 Dividend yield will be 1.7%, which is lower than the industry average of 3.0%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 5%. Major Estimate Revision • Apr 14
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from R$0.537 to R$0.618. Revenue forecast steady at R$4.22b. Net income forecast to grow 78% next year vs 27% growth forecast for Consumer Services industry in Brazil. Consensus price target of R$6.66 unchanged from last update. Share price fell 2.9% to R$4.29 over the past week. 공시 • Mar 25
Ânima Holding S.A., Annual General Meeting, Apr 24, 2026 Ânima Holding S.A., Annual General Meeting, Apr 24, 2026. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R$4.34, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Consumer Services industry in Brazil. Total returns to shareholders of 32% over the past three years. Major Estimate Revision • Feb 10
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from R$0.353 to R$0.39. Revenue forecast steady at R$4.00b. Net income forecast to grow 25% next year vs 28% growth forecast for Consumer Services industry in Brazil. Consensus price target up from R$6.14 to R$6.34. Share price was steady at R$4.80 over the past week. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to R$4.95, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Consumer Services industry in Brazil. Total returns to shareholders of 38% over the past three years. New Risk • Jan 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Price Target Changed • Jan 07
Price target increased by 8.0% to R$5.54 Up from R$5.13, the current price target is an average from 11 analysts. New target price is 38% above last closing price of R$4.02. Stock is up 161% over the past year. The company is forecast to post earnings per share of R$0.39 for next year compared to R$0.23 last year. Reported Earnings • Nov 09
Third quarter 2025 earnings: Revenues exceed analyst expectations Third quarter 2025 results: Revenue: R$1.01b (up 7.2% from 3Q 2024). Net income: R$36.5m (up 88% from 3Q 2024). Profit margin: 3.6% (up from 2.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Services industry in Brazil. Major Estimate Revision • Oct 28
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$0.489 to R$0.401 per share. Revenue forecast steady at R$3.97b. Net income forecast to grow 24% next year vs 33% growth forecast for Consumer Services industry in Brazil. Consensus price target broadly unchanged at R$5.13. Share price rose 6.5% to R$3.27 over the past week. Major Estimate Revision • Aug 24
Consensus EPS estimates fall by 38% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$0.72 to R$0.45 per share. Revenue forecast steady at R$3.97b. Net income forecast to grow 32% next year vs 35% growth forecast for Consumer Services industry in Brazil. Consensus price target broadly unchanged at R$5.33. Share price fell 4.8% to R$3.17 over the past week. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R$3.35, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Consumer Services industry in Brazil. Total loss to shareholders of 21% over the past three years. Reported Earnings • Aug 10
Second quarter 2025 earnings: Revenues in line with analyst expectations Second quarter 2025 results: Revenue: R$1.01b (up 2.9% from 2Q 2024). Net income: R$9.54m (up R$24.2m from 2Q 2024). Profit margin: 0.9% (up from net loss in 2Q 2024). Revenue was in line with analyst estimates. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Services industry in Brazil. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R$3.68, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Services industry in Brazil. Total loss to shareholders of 6.7% over the past three years. Major Estimate Revision • Jun 20
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$0.458 to R$0.404 per share. Revenue forecast steady at R$4.00b. Net income forecast to grow 60% next year vs 39% growth forecast for Consumer Services industry in Brazil. Consensus price target up from R$4.79 to R$4.95. Share price rose 5.5% to R$4.25 over the past week. Major Estimate Revision • Jun 18
Consensus EPS estimates fall by 38% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$0.561 to R$0.348 per share. Revenue forecast steady at R$4.00b. Net income forecast to grow 60% next year vs 38% growth forecast for Consumer Services industry in Brazil. Consensus price target up from R$4.17 to R$4.95. Share price was steady at R$4.25 over the past week. Price Target Changed • Jun 09
Price target increased by 9.8% to R$4.34 Up from R$3.95, the current price target is an average from 11 analysts. New target price is 5.3% above last closing price of R$4.12. Stock is up 21% over the past year. The company is forecast to post earnings per share of R$0.56 for next year compared to R$0.23 last year. Major Estimate Revision • May 16
Consensus EPS estimates increase by 130% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from R$0.314 to R$0.72. Revenue forecast steady at R$3.99b. Net income forecast to grow 58% next year vs 39% growth forecast for Consumer Services industry in Brazil. Consensus price target up from R$3.79 to R$4.17. Share price rose 4.1% to R$4.29 over the past week. Reported Earnings • May 12
First quarter 2025 earnings: Revenues in line with analyst expectations First quarter 2025 results: Revenue: R$1.04b (up 5.0% from 1Q 2024). Net income: R$95.7m (up 48% from 1Q 2024). Profit margin: 9.2% (up from 6.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Services industry in Brazil. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to R$4.12, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 9x in the Consumer Services industry in Brazil. Total loss to shareholders of 11% over the past three years. Major Estimate Revision • May 09
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from R$0.314 to R$0.348. Revenue forecast steady at R$4.00b. Net income forecast to grow 2.6% next year vs 27% growth forecast for Consumer Services industry in Brazil. Consensus price target up from R$3.77 to R$4.05. Share price rose 7.6% to R$3.52 over the past week. Major Estimate Revision • May 02
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$0.391 to R$0.314 per share. Revenue forecast steady at R$3.99b. Net income forecast to grow 40% next year vs 24% growth forecast for Consumer Services industry in Brazil. Consensus price target up from R$3.35 to R$3.68. Share price rose 4.9% to R$3.19 over the past week. Major Estimate Revision • Apr 19
Consensus EPS estimates fall by 26% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$0.53 to R$0.391 per share. Revenue forecast steady at R$3.98b. Net income forecast to grow 82% next year vs 7.6% growth forecast for Consumer Services industry in Brazil. Consensus price target of R$3.35 unchanged from last update. Share price rose 23% to R$3.10 over the past week. Upcoming Dividend • Apr 18
Upcoming dividend of R$0.054 per share Eligible shareholders must have bought the stock before 25 April 2025. Payment date: 09 May 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 15%. Within top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (5.6%). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R$2.55, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 5x in the Consumer Services industry in Brazil. Total loss to shareholders of 54% over the past three years. Major Estimate Revision • Apr 10
Consensus EPS estimates fall by 35% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from R$0.82 to R$0.53 per share. Revenue forecast steady at R$3.98b. Net income forecast to grow 116% next year vs 8.2% growth forecast for Consumer Services industry in Brazil. Consensus price target of R$3.35 unchanged from last update. Share price fell 9.2% to R$2.37 over the past week. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R$2.57, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Consumer Services industry in Brazil. Total loss to shareholders of 61% over the past three years. 공시 • Mar 26
Ânima Holding S.A. announces Annual dividend, payable on May 09, 2025 Ânima Holding S.A. announced Annual dividend of BRL 0.0535 per share payable on May 09, 2025, ex-date on April 25, 2025 and record date on April 24, 2025. 공시 • Mar 24
Ânima Holding S.A., Annual General Meeting, Apr 24, 2025 Ânima Holding S.A., Annual General Meeting, Apr 24, 2025. New Risk • Mar 21
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Paying a dividend despite being loss-making. Price Target Changed • Mar 14
Price target decreased by 13% to R$3.35 Down from R$3.84, the current price target is an average from 10 analysts. New target price is 81% above last closing price of R$1.85. Stock is down 64% over the past year. The company is forecast to post earnings per share of R$0.23 next year compared to a net loss per share of R$0.87 last year. Price Target Changed • Jan 17
Price target decreased by 9.3% to R$4.79 Down from R$5.28, the current price target is an average from 10 analysts. New target price is 194% above last closing price of R$1.63. Stock is down 64% over the past year. The company is forecast to post earnings per share of R$0.22 next year compared to a net loss per share of R$0.87 last year. New Risk • Dec 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: R$611.9m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (R$611.9m market cap, or US$99.6m). Price Target Changed • Dec 16
Price target decreased by 9.9% to R$5.28 Down from R$5.86, the current price target is an average from 11 analysts. New target price is 192% above last closing price of R$1.81. Stock is down 58% over the past year. The company is forecast to post earnings per share of R$0.085 next year compared to a net loss per share of R$0.87 last year. Reported Earnings • Nov 08
Third quarter 2024 earnings: Revenues in line with analyst expectations Third quarter 2024 results: Revenue: R$938.3m (flat on 3Q 2023). Net income: R$19.4m (up R$49.7m from 3Q 2023). Profit margin: 2.1% (up from net loss in 3Q 2023). Revenue was in line with analyst estimates. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Services industry in Brazil. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Price Target Changed • Nov 01
Price target decreased by 7.0% to R$5.71 Down from R$6.14, the current price target is an average from 10 analysts. New target price is 145% above last closing price of R$2.33. Stock is down 22% over the past year. The company is forecast to post a net loss per share of R$0.063 next year compared to a net loss per share of R$0.87 last year. New Risk • Sep 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Paying a dividend despite being loss-making. New Risk • Sep 15
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 15% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.9% average weekly change). Price Target Changed • Jun 21
Price target decreased by 8.7% to R$6.30 Down from R$6.90, the current price target is an average from 9 analysts. New target price is 103% above last closing price of R$3.10. Stock is down 25% over the past year. The company is forecast to post earnings per share of R$0.072 next year compared to a net loss per share of R$0.87 last year. Reported Earnings • May 15
First quarter 2024 earnings released First quarter 2024 results: Revenue: R$990.7m (up 3.8% from 1Q 2023). Net income: R$64.5m (up R$141.7m from 1Q 2023). Profit margin: 6.5% (up from net loss in 1Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Consumer Services industry in Brazil. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Price Target Changed • May 06
Price target decreased by 7.9% to R$6.53 Down from R$7.09, the current price target is an average from 8 analysts. New target price is 72% above last closing price of R$3.80. Stock is up 73% over the past year. The company is forecast to post earnings per share of R$0.016 next year compared to a net loss per share of R$0.87 last year. Reported Earnings • Mar 26
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: R$0.87 loss per share (further deteriorated from R$0.27 loss in FY 2022). Revenue: R$3.73b (up 4.8% from FY 2022). Net loss: R$329.6m (loss widened 222% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 7.9% growth forecast for the Consumer Services industry in Brazil. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Price Target Changed • Feb 22
Price target increased by 7.0% to R$6.65 Up from R$6.21, the current price target is an average from 8 analysts. New target price is 44% above last closing price of R$4.61. Stock is up 24% over the past year. The company is forecast to post a net loss per share of R$0.66 next year compared to a net loss per share of R$0.27 last year. Board Change • Feb 14
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Member of the Board of Auditors Orestes Romeiro was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Jan 22
Price target increased by 10% to R$6.40 Up from R$5.81, the current price target is an average from 8 analysts. New target price is 44% above last closing price of R$4.45. Stock is up 5.2% over the past year. The company is forecast to post a net loss per share of R$0.62 next year compared to a net loss per share of R$0.27 last year. Reported Earnings • Nov 13
Third quarter 2023 earnings: Revenues in line with analyst expectations Third quarter 2023 results: Revenue: R$940.4m (up 3.9% from 3Q 2022). Net loss: R$30.2m (loss narrowed 35% from 3Q 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Consumer Services industry in Brazil. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Nov 12
Consensus EPS estimates fall by 30% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -R$0.624 to -R$0.812 per share. Revenue forecast unchanged at R$3.77b. Consumer Services industry in Brazil expected to see average net income growth of 26% next year. Consensus price target down from R$5.88 to R$5.75. Share price rose 14% to R$3.41 over the past week. Major Estimate Revision • Oct 17
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -R$0.541 to -R$0.624 per share. Revenue forecast unchanged at R$3.76b. Consumer Services industry in Brazil expected to see average net income growth of 29% next year. Consensus price target down from R$6.00 to R$5.88. Share price rose 6.1% to R$3.15 over the past week. Major Estimate Revision • Aug 31
Consensus EPS estimates fall by 87% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -R$0.29 to -R$0.541 per share. Revenue forecast unchanged at R$3.78b. Consumer Services industry in Brazil expected to see average net income growth of 26% next year. Consensus price target of R$6.31 unchanged from last update. Share price fell 6.2% to R$3.64 over the past week. Reported Earnings • Aug 17
Second quarter 2023 earnings: Revenues in line with analyst expectations Second quarter 2023 results: Revenue: R$932.4m (up 2.4% from 2Q 2022). Net loss: R$101.8m (loss widened 25% from 2Q 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Consumer Services industry in Brazil. New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Major Estimate Revision • Aug 15
Consensus EPS estimates upgraded to R$0.29 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -R$0.596 to -R$0.29 per share. Revenue forecast steady at R$3.79b. Consumer Services industry in Brazil expected to see average net income growth of 28% next year. Consensus price target of R$5.86 unchanged from last update. Share price fell 24% to R$3.79 over the past week. Price Target Changed • Aug 07
Price target increased by 12% to R$5.86 Up from R$5.21, the current price target is an average from 7 analysts. New target price is 22% above last closing price of R$4.81. Stock is down 7.1% over the past year. The company is forecast to post a net loss per share of R$0.60 next year compared to a net loss per share of R$0.27 last year. Major Estimate Revision • Jul 14
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -R$0.506 to -R$0.571 per share. Revenue forecast unchanged at R$3.80b. Consumer Services industry in Brazil expected to see average net income growth of 25% next year. Consensus price target down from R$5.50 to R$5.21. Share price fell 6.2% to R$3.94 over the past week. Major Estimate Revision • May 22
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -R$0.437 to -R$0.506 per share. Revenue forecast unchanged at R$3.82b. Consumer Services industry in Brazil expected to see average net income growth of 29% next year. Consensus price target of R$5.61 unchanged from last update. Share price rose 11% to R$2.75 over the past week. Reported Earnings • May 17
First quarter 2023 earnings released: R$0.20 loss per share (vs R$0.23 loss in 1Q 2022) First quarter 2023 results: R$0.20 loss per share (improved from R$0.23 loss in 1Q 2022). Revenue: R$954.4m (up 5.8% from 1Q 2022). Net loss: R$77.2m (loss narrowed 14% from 1Q 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Consumer Services industry in Brazil. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Major Estimate Revision • May 06
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -R$0.372 to -R$0.437 per share. Revenue forecast unchanged at R$3.83b. Consumer Services industry in Brazil expected to see average net income growth of 27% next year. Consensus price target down from R$7.26 to R$5.89. Share price fell 6.5% to R$2.16 over the past week. 
