Reported Earnings • May 11
First quarter 2026 earnings released: R$0.42 loss per share (vs R$0.12 loss in 1Q 2025) First quarter 2026 results: R$0.42 loss per share (further deteriorated from R$0.12 loss in 1Q 2025). Revenue: R$11.1b (up 5.2% from 1Q 2025). Net loss: R$179.6m (loss widened 253% from 1Q 2025). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 29
SIMPAR S.A. to Report Q1, 2026 Results on May 07, 2026 SIMPAR S.A. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 47% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from R$0.419 to R$0.221 per share. Revenue forecast steady at R$48.4b. Net income forecast to grow 392% next year vs 130% growth forecast for Transportation industry in Brazil. Consensus price target of R$15.72 unchanged from last update. Share price rose 7.4% to R$12.36 over the past week. Price Target Changed • Apr 07
Price target decreased by 7.5% to R$15.72 Down from R$17.00, the current price target is an average from 9 analysts. New target price is 39% above last closing price of R$11.29. Stock is up 40% over the past year. The company is forecast to post earnings per share of R$0.42 for next year compared to R$0.099 last year. New Risk • Apr 06
New major risk - Revenue and earnings growth Earnings have declined by 62% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 62% per year over the past 5 years. Aankondiging • Apr 02
SIMPAR S.A., Annual General Meeting, Apr 30, 2026 SIMPAR S.A., Annual General Meeting, Apr 30, 2026. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: R$0.50 (vs R$0.46 loss in FY 2024) Full year 2025 results: EPS: R$0.50 (up from R$0.46 loss in FY 2024). Revenue: R$43.5b (up 6.0% from FY 2024). Net income: R$215.2m (up R$413.4m from FY 2024). Profit margin: 0.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 12
SIMPAR S.A. to Report Q4, 2025 Results on Mar 30, 2026 SIMPAR S.A. announced that they will report Q4, 2025 results After-Market on Mar 30, 2026 New Risk • Dec 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 8.9% 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 (1.2x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Price Target Changed • Dec 07
Price target increased by 7.3% to R$8.47 Up from R$7.89, the current price target is an average from 9 analysts. New target price is 30% above last closing price of R$6.53. Stock is up 62% over the past year. The company is forecast to post earnings per share of R$1.01 next year compared to a net loss per share of R$0.23 last year. Reported Earnings • Nov 16
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: R$0.20 loss per share (down from R$0.013 profit in 3Q 2024). Revenue: R$11.4b (up 4.8% from 3Q 2024). Net loss: R$246.2m (down R$257.0m from profit in 3Q 2024). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 31
SIMPAR S.A. to Report Q3, 2025 Results on Nov 12, 2025 SIMPAR S.A. announced that they will report Q3, 2025 results After-Market on Nov 12, 2025 New Risk • Aug 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 8.2% 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 (1.3x net interest cover). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Aug 14
Second quarter 2025 earnings: Revenues miss analyst expectations Second quarter 2025 results: Revenue: R$10.6b (up 2.9% from 2Q 2024). Net loss: R$96.3m (down 295% from profit in 2Q 2024). Revenue missed analyst estimates by 3.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 23
SIMPAR S.A. to Report Q2, 2025 Results on Aug 12, 2025 SIMPAR S.A. announced that they will report Q2, 2025 results After-Market on Aug 12, 2025 Reported Earnings • May 12
First quarter 2025 earnings released: R$0.042 loss per share (vs R$0.015 loss in 1Q 2024) First quarter 2025 results: R$0.042 loss per share (further deteriorated from R$0.015 loss in 1Q 2024). Revenue: R$10.5b (up 15% from 1Q 2024). Net loss: R$51.0m (loss widened 290% from 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • May 08
New major risk - Revenue and earnings growth Earnings have declined by 35% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 35% per year over the past 5 years. Aankondiging • Apr 23
SIMPAR S.A. to Report Q1, 2025 Results on May 08, 2025 SIMPAR S.A. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Aankondiging • Apr 02
SIMPAR S.A., Annual General Meeting, Apr 29, 2025 SIMPAR S.A., Annual General Meeting, Apr 29, 2025. Location: rua doutor renato paes de barros, 1.017, 10 andar, conjunto 101, itaim bibi, city and state of sao paulo, sao paulo Brazil Reported Earnings • Mar 28
Full year 2024 earnings: Revenues in line with analyst expectations Full year 2024 results: Revenue: R$41.1b (up 29% from FY 2023). Net loss: R$198.2m (loss narrowed 60% from FY 2023). Revenue was in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. New Risk • Mar 20
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 9.5% 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 (1.1x net interest cover). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 219% Paying a dividend despite having no free cash flows. Aankondiging • Mar 13
SIMPAR S.A. to Report Q4, 2024 Results on Mar 26, 2025 SIMPAR S.A. announced that they will report Q4, 2024 results at 6:00 PM, E. South America Standard Time on Mar 26, 2025 Price Target Changed • Jan 16
Price target decreased by 11% to R$9.86 Down from R$11.11, the current price target is an average from 8 analysts. New target price is 195% above last closing price of R$3.34. Stock is down 59% over the past year. The company is forecast to post earnings per share of R$0.37 next year compared to a net loss per share of R$0.60 last year. Price Target Changed • Dec 04
Price target decreased by 7.6% to R$10.94 Down from R$11.84, the current price target is an average from 9 analysts. New target price is 156% above last closing price of R$4.27. Stock is down 51% over the past year. The company is forecast to post earnings per share of R$0.49 next year compared to a net loss per share of R$0.60 last year. Reported Earnings • Nov 14
Third quarter 2024 earnings: Revenues exceed analyst expectations Third quarter 2024 results: Revenue: R$10.9b (up 31% from 3Q 2023). Net income: R$10.8m (up R$147.4m from 3Q 2023). Profit margin: 0.1% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Aankondiging • Oct 30
SIMPAR S.A. to Report Q3, 2024 Results on Nov 12, 2024 SIMPAR S.A. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Price Target Changed • Oct 03
Price target decreased by 11% to R$11.96 Down from R$13.39, the current price target is an average from 9 analysts. New target price is 120% above last closing price of R$5.43. Stock is down 33% over the past year. The company is forecast to post earnings per share of R$0.94 next year compared to a net loss per share of R$0.60 last year. New Risk • Aug 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 8.5% 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 (1.1x net interest cover). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Aankondiging • Jul 25
SIMPAR S.A. to Report Q2, 2024 Results on Aug 08, 2024 SIMPAR S.A. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Price Target Changed • Jun 28
Price target decreased by 14% to R$14.91 Down from R$17.42, the current price target is an average from 7 analysts. New target price is 167% above last closing price of R$5.58. Stock is down 38% over the past year. The company is forecast to post earnings per share of R$0.60 next year compared to a net loss per share of R$0.60 last year. Reported Earnings • May 10
First quarter 2024 earnings released: R$0.015 loss per share (vs R$0.007 profit in 1Q 2023) First quarter 2024 results: R$0.015 loss per share (down from R$0.007 profit in 1Q 2023). Revenue: R$9.15b (up 23% from 1Q 2023). Net loss: R$13.1m (down 311% from profit in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Price Target Changed • May 10
Price target increased by 13% to R$18.42 Up from R$16.32, the current price target is an average from 6 analysts. New target price is 199% above last closing price of R$6.16. Stock is down 23% over the past year. The company is forecast to post earnings per share of R$1.80 next year compared to a net loss per share of R$0.60 last year. Price Target Changed • Apr 25
Price target increased by 7.7% to R$16.32 Up from R$15.15, the current price target is an average from 6 analysts. New target price is 187% above last closing price of R$5.68. Stock is down 26% over the past year. The company is forecast to post earnings per share of R$1.87 next year compared to a net loss per share of R$0.60 last year. Board Change • Apr 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Augusto da Cruz Filho was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Apr 24
Price target increased by 7.7% to R$16.32 Up from R$15.15, the current price target is an average from 6 analysts. New target price is 166% above last closing price of R$6.13. Stock is down 19% over the past year. The company is forecast to post earnings per share of R$1.87 next year compared to a net loss per share of R$0.60 last year. New Risk • Apr 16
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 219% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% 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 Interest payments are not well covered by earnings (1.1x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 219% Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Price Target Changed • Mar 29
Price target decreased by 8.3% to R$15.15 Down from R$16.52, the current price target is an average from 8 analysts. New target price is 104% above last closing price of R$7.43. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of R$1.87 next year compared to a net loss per share of R$0.60 last year. Reported Earnings • Mar 28
Full year 2023 earnings released: R$0.60 loss per share (vs R$0.58 profit in FY 2022) Full year 2023 results: R$0.60 loss per share (down from R$0.58 profit in FY 2022). Revenue: R$31.8b (up 31% from FY 2022). Net loss: R$495.2m (down 203% from profit in FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 12
SIMPAR S.A. to Report Q4, 2023 Results on Mar 26, 2024 SIMPAR S.A. announced that they will report Q4, 2023 results After-Market on Mar 26, 2024 New Risk • Feb 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.3% 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 Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Aankondiging • Dec 30
SIMPAR S.A.(BOVESPA:SIMH3) dropped from Brazil IBRX Index SIMPAR S.A. has been dropped from Brazil IBRX Index. Reported Earnings • Nov 10
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: R$0.17 loss per share (down from R$0.023 profit in 3Q 2022). Revenue: R$8.32b (up 21% from 3Q 2022). Net loss: R$136.5m (down R$155.0m from profit in 3Q 2022). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Transportation industry in Brazil. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Major Estimate Revision • Nov 07
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from R$1.44 to R$1.18 per share. Revenue forecast steady at R$31.8b. Net income forecast to grow 711% next year vs 68% growth forecast for Transportation industry in Brazil. Consensus price target of R$16.49 unchanged from last update. Share price rose 14% to R$7.91 over the past week. Aankondiging • Oct 24
SIMPAR S.A. to Report Q3, 2023 Results on Nov 08, 2023 SIMPAR S.A. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 Aankondiging • Oct 05
SIMPAR S.A. (BOVESPA:SIMH3) acquired Grupo Alta for approximately BRL 120 million. SIMPAR S.A. (BOVESPA:SIMH3) acquired Grupo Alta for approximately BRL 120 million on October 3, 2023.
SIMPAR S.A. (BOVESPA:SIMH3) completed the acquisition of Grupo Alta on October 3, 2023. Reported Earnings • Aug 12
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: R$0.015 (down from R$0.12 in 2Q 2022). Revenue: R$7.56b (up 38% from 2Q 2022). Net income: R$12.3m (down 88% from 2Q 2022). Profit margin: 0.2% (down from 1.9% in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 93%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Transportation industry in Brazil. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R$10.97, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Transportation industry in Brazil. Negligible returns to shareholders over past year. Simply Wall St's valuation model estimates the intrinsic value at R$12.34 per share. Price Target Changed • May 19
Price target increased by 7.3% to R$18.37 Up from R$17.12, the current price target is an average from 7 analysts. New target price is 111% above last closing price of R$8.69. Stock is down 20% over the past year. The company is forecast to post earnings per share of R$1.29 for next year compared to R$0.58 last year. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R$8.24, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Transportation industry in Brazil. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$4.31 per share. Reported Earnings • May 05
First quarter 2023 earnings released First quarter 2023 results: Revenue: R$7.44b (up 62% from 1Q 2022). Net income: R$6.19m (down 97% from 1Q 2022). Profit margin: 0.1% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Transportation industry in Brazil. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R$6.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Transportation industry in Brazil. Total loss to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$4.29 per share. Reported Earnings • Mar 10
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: R$0.58 (down from R$1.02 in FY 2021). Revenue: R$24.4b (up 76% from FY 2021). Net income: R$482.1m (down 41% from FY 2021). Profit margin: 2.0% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Transportation industry in Brazil. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to R$8.22, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Transportation industry in Brazil. Total loss to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$4.28 per share. Aankondiging • Jan 14
SIMPAR S.A., Annual General Meeting, Apr 26, 2023 SIMPAR S.A., Annual General Meeting, Apr 26, 2023. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 18% share price gain to R$7.09, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Transportation industry in Brazil. Total loss to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$7.61 per share. Buying Opportunity • Dec 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 44%. The fair value is estimated to be R$7.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 65% in 2 years. Earnings is forecast to grow by 335% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Augusto da Cruz Filho was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings: Revenues exceed analyst expectations Third quarter 2022 results: Revenue: R$6.90b (up 74% from 3Q 2021). Net income: R$18.5m (down 93% from 3Q 2021). Profit margin: 0.3% (down from 6.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Transportation industry in Brazil. Aankondiging • Oct 15
SIMPAR S.A. to Report Q3, 2022 Results on Nov 09, 2022 SIMPAR S.A. announced that they will report Q3, 2022 results After-Market on Nov 09, 2022 Major Estimate Revision • Aug 31
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from R$22.5b to R$22.7b. EPS estimate fell from R$0.93 to R$0.79 per share. Net income forecast to grow 66% next year vs 44% growth forecast for Transportation industry in Brazil. Consensus price target broadly unchanged at R$18.34. Share price fell 2.8% to R$10.70 over the past week. Major Estimate Revision • Aug 20
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from R$21.3b to R$22.5b. EPS estimate fell from R$1.16 to R$0.93 per share. Net income forecast to grow 71% next year vs 44% growth forecast for Transportation industry in Brazil. Consensus price target broadly unchanged at R$18.18. Share price fell 7.7% to R$11.20 over the past week. Price Target Changed • Aug 09
Price target increased to R$17.95 Up from R$16.70, the current price target is an average from 5 analysts. New target price is 62% above last closing price of R$11.05. Stock is down 33% over the past year. The company is forecast to post earnings per share of R$1.16 for next year compared to R$1.02 last year. Reported Earnings • Aug 05
Second quarter 2022 earnings: Revenues exceed analyst expectations Second quarter 2022 results: Revenue: R$5.46b (up 74% from 2Q 2021). Net income: R$102.0m (down 62% from 2Q 2021). Profit margin: 1.9% (down from 8.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 40%, compared to a 47% growth forecast for the industry in Brazil. Aankondiging • Jul 22
SIMPAR S.A. to Report Q2, 2022 Results on Aug 04, 2022 SIMPAR S.A. announced that they will report Q2, 2022 results After-Market on Aug 04, 2022 Price Target Changed • Jul 20
Price target increased to R$17.57 Up from R$15.68, the current price target is an average from 3 analysts. New target price is 85% above last closing price of R$9.51. Stock is down 43% over the past year. The company is forecast to post earnings per share of R$1.05 for next year compared to R$1.02 last year. Major Estimate Revision • May 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from R$18.9b to R$22.1b. EPS estimate fell from R$1.13 to R$1.05. Net income forecast to grow 23% next year vs 15% growth forecast for Transportation industry in Brazil. Consensus price target broadly unchanged at R$15.76. Share price rose 3.6% to R$10.70 over the past week. Reported Earnings • May 07
First quarter 2022 earnings: Revenues exceed analyst expectations First quarter 2022 results: Revenue: R$4.59b (up 75% from 1Q 2021). Net income: R$191.7m (up 103% from 1Q 2021). Profit margin: 4.2% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 28%, compared to a 40% growth forecast for the industry in Brazil. Price Target Changed • May 01
Price target decreased to R$15.68 Down from R$17.07, the current price target is an average from 4 analysts. New target price is 34% above last closing price of R$11.67. Stock is up 7.9% over the past year. The company is forecast to post earnings per share of R$1.13 for next year compared to R$1.02 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Augusto da Cruz Filho was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 11
Price target decreased to R$15.58 Down from R$17.07, the current price target is an average from 4 analysts. New target price is 55% above last closing price of R$10.06. Stock is up 13% over the past year. The company is forecast to post earnings per share of R$1.13 for next year compared to R$1.02 last year. Major Estimate Revision • Mar 09
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from R$18.5b to R$18.9b. EPS estimate increased from R$0.97 to R$1.12 per share. Net income forecast to grow 12% next year vs 8.5% growth forecast for Transportation industry in Brazil. Consensus price target of R$16.38 unchanged from last update. Share price fell 8.6% to R$9.64 over the past week. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: R$13.9b (up 41% from FY 2020). Net income: R$822.3m (up 170% from FY 2020). Profit margin: 5.9% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 33%, compared to a 41% growth forecast for the industry in Brazil. Aankondiging • Feb 11
SIMPAR S.A. to Report Q4, 2021 Results on Feb 23, 2022 SIMPAR S.A. announced that they will report Q4, 2021 results After-Market on Feb 23, 2022 Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improved over the past week After last week's 20% share price gain to R$10.91, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Transportation industry in Brazil. Total returns to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$8.84 per share.