공시 • Mar 31
Bradespar S.A., Annual General Meeting, Apr 27, 2026 Bradespar S.A., Annual General Meeting, Apr 27, 2026. New Risk • Mar 30
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 공시 • Sep 22
Bradespar S.A.(BOVESPA:BRAP4) dropped from FTSE All-World Index (USD) Bradespar S.A.(BOVESPA:BRAP4) dropped from FTSE All-World Index (USD) Buy Or Sell Opportunity • Aug 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.2% to R$14.49. The fair value is estimated to be R$18.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 62%. Buy Or Sell Opportunity • May 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.5% to R$14.69. The fair value is estimated to be R$18.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 62%. New Risk • Apr 05
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio). 공시 • Mar 27
Bradespar S.A., Annual General Meeting, Apr 25, 2025 Bradespar S.A., Annual General Meeting, Apr 25, 2025. 공시 • Sep 23
Bradespar S.A.(BOVESPA:BRAP3) dropped from FTSE All-World Index (USD) Bradespar S.A.(BOVESPA:BRAP3) dropped from FTSE All-World Index (USD) Buy Or Sell Opportunity • Jul 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to R$18.19. The fair value is estimated to be R$23.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 172% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 10,112% in 2 years. Earnings are forecast to grow by 6.8% in the next 2 years. Buy Or Sell Opportunity • Jun 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.9% to R$18.62. The fair value is estimated to be R$23.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 171% over the last 3 years. Earnings per share has declined by 33%. Upcoming Dividend • Apr 23
Upcoming dividend of R$1.07 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 13%. Within top quartile of Brazilian dividend payers (8.7%). Higher than average of industry peers (11%). New Risk • Apr 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% 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 Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Revenue is less than US$1m. Minor Risk Dividend is not well covered by cash flows (107% cash payout ratio). Upcoming Dividend • Nov 15
Upcoming dividend of R$1.46 per share at 6.6% yield Eligible shareholders must have bought the stock before 22 November 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 6.6%. Lower than top quartile of Brazilian dividend payers (8.3%). Lower than average of industry peers (8.8%). Upcoming Dividend • Apr 21
Upcoming dividend of R$1.12 per share at 6.4% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 20% and the cash payout ratio is 91%. Trailing yield: 6.4%. Lower than top quartile of Brazilian dividend payers (8.4%). Lower than average of industry peers (8.6%). Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 9 non-independent directors. Director Rubens Alvarez was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Upcoming Dividend • Nov 03
Upcoming dividend of R$1.29 per share Eligible shareholders must have bought the stock before 10 November 2022. Payment date: 21 November 2022. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 31%. Within top quartile of Brazilian dividend payers (6.9%). Higher than average of industry peers (12%). Board Change • Apr 26
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Member of Fiscal Council Ricardo Reisen de Pinho was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 15% share price gain to R$30.42, the stock trades at a trailing P/E ratio of 2.2x. Average forward P/E is 5x in the Metals and Mining industry in Brazil. Total returns to shareholders of 278% over the past three years. Upcoming Dividend • Dec 10
Upcoming dividend of R$5.49 per share Eligible shareholders must have bought the stock before 17 December 2021. Payment date: 29 December 2021. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 8.7%. Within top quartile of Brazilian dividend payers (5.4%). In line with average of industry peers (8.6%). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to R$66.23, the stock is trading at a trailing P/E ratio of 30.6x, up from the previous P/E ratio of 26.4x. This compares to an average P/E of 27x in the Metals and Mining industry in Brazil. Total returns to shareholders over the past three years are 177%. Is New 90 Day High Low • Jan 06
New 90-day high: R$59.24 The company is up 44% from its price of R$41.15 on 08 October 2020. The Brazilian market is up 21% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 49% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$13.13 per share. Is New 90 Day High Low • Dec 11
New 90-day high: R$56.34 The company is up 43% from its price of R$39.36 on 11 September 2020. The Brazilian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$13.30 per share. Valuation Update With 7 Day Price Move • Nov 28
Market bids up stock over the past week After last week's 17% share price gain to R$52.71, the stock is trading at a trailing P/E ratio of 24.4x, up from the previous P/E ratio of 20.9x. This compares to an average P/E of 24x in the Metals and Mining industry in Brazil. Total returns to shareholders over the past three years are 186%. Is New 90 Day High Low • Nov 20
New 90-day high: R$44.94 The company is up 11% from its price of R$40.50 on 21 August 2020. The Brazilian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$11.91 per share. Is New 90 Day High Low • Nov 04
New 90-day high: R$43.50 The company is up 11% from its price of R$39.17 on 06 August 2020. The Brazilian market is down 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$4.79 per share. Is New 90 Day High Low • Oct 14
New 90-day high: R$42.57 The company is up 17% from its price of R$36.25 on 16 July 2020. The Brazilian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$4.81 per share.