Embraer S.A.

BOVESPA:EMBR3 Stock Report

Market Cap: R$41.7b

Embraer Valuation

Is EMBR3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EMBR3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EMBR3 (R$55.18) is trading above our estimate of fair value (R$28.37)

Significantly Below Fair Value: EMBR3 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EMBR3?

Key metric: As EMBR3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EMBR3. This is calculated by dividing EMBR3's market cap by their current earnings.
What is EMBR3's PE Ratio?
PE Ratio15.6x
EarningsR$2.60b
Market CapR$41.69b

Price to Earnings Ratio vs Peers

How does EMBR3's PE Ratio compare to its peers?

The above table shows the PE ratio for EMBR3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.1x
TASA4 Taurus Armas
13.3xn/aR$1.1b
MOG.A Moog
29.1x20.2%US$6.4b
BBD.B Bombardier
15x14.5%CA$9.7b
HII Huntington Ingalls Industries
10.9x7.8%US$7.6b
EMBR3 Embraer
15.6x5.6%R$41.7b

Price-To-Earnings vs Peers: EMBR3 is good value based on its Price-To-Earnings Ratio (15.6x) compared to the peer average (17.1x).

Price to Earnings Ratio vs Industry

How does EMBR3's PE Ratio compare vs other companies in the Global Aerospace & Defense Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EMBR3 15.6xIndustry Avg. 39.0xNo. of Companies20PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EMBR3 is good value based on its Price-To-Earnings Ratio (15.6x) compared to the Global Aerospace & Defense industry average (39x).

Price to Earnings Ratio vs Fair Ratio

What is EMBR3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EMBR3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.6x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: EMBR3 is expensive based on its Price-To-Earnings Ratio (15.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EMBR3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR$55.18
R$61.25
+11.0%
18.9%R$81.80R$45.21n/a7
Dec ’25R$58.13
R$57.30
-1.4%
19.0%R$77.54R$44.97n/a7
Nov ’25R$48.47
R$51.43
+6.1%
13.5%R$61.73R$39.89n/a7
Oct ’25R$47.13
R$49.67
+5.4%
13.1%R$59.28R$39.23n/a7
Sep ’25R$46.83
R$43.66
-6.8%
19.1%R$58.57R$32.56n/a7
Aug ’25R$42.02
R$44.14
+5.0%
16.2%R$55.82R$35.96n/a7
Jul ’25R$36.70
R$41.04
+11.8%
15.0%R$51.75R$33.34n/a5
Jun ’25R$36.23
R$41.04
+13.3%
15.0%R$51.75R$33.34n/a5
May ’25R$33.35
R$34.84
+4.5%
27.6%R$51.73R$24.00n/a5
Apr ’25R$32.39
R$34.42
+6.3%
27.6%R$50.96R$23.64n/a5
Mar ’25R$25.88
R$25.62
-1.0%
8.9%R$28.02R$22.26n/a5
Feb ’25R$22.47
R$25.29
+12.5%
10.6%R$28.35R$21.97n/a5
Jan ’25R$22.39
R$24.47
+9.3%
10.9%R$28.23R$21.88n/a5
Dec ’24R$22.84
R$24.47
+7.1%
10.9%R$28.23R$21.88R$58.135
Nov ’24R$17.95
R$23.72
+32.1%
12.5%R$28.11R$19.14R$48.475
Oct ’24R$17.22
R$24.92
+44.7%
11.4%R$28.18R$19.84R$47.135
Sep ’24R$19.80
R$24.74
+25.0%
11.5%R$28.06R$19.68R$46.835
Aug ’24R$18.75
R$26.69
+42.4%
24.8%R$37.45R$19.64R$42.024
Jul ’24R$18.54
R$28.59
+54.2%
20.7%R$36.87R$23.34R$36.703
Jun ’24R$19.46
R$33.66
+73.0%
15.2%R$38.24R$26.51R$36.233
May ’24R$19.42
R$30.18
+55.4%
18.4%R$36.28R$23.03R$33.354
Apr ’24R$20.79
R$31.48
+51.4%
19.9%R$38.23R$22.98R$32.394
Mar ’24R$16.89
R$25.95
+53.7%
35.3%R$37.96R$16.33R$25.885
Feb ’24R$16.32
R$25.55
+56.6%
36.4%R$38.34R$15.90R$22.475
Jan ’24R$14.31
R$26.00
+81.7%
35.9%R$39.35R$16.32R$22.395
Dec ’23R$13.86
R$25.22
+82.0%
37.8%R$40.78R$16.92R$22.846

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 23:03
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Embraer S.A. is covered by 37 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Luan CalimerioBB Banco de Investimento S.A.
F. LeakeBB&T Capital Markets
Ronald EpsteinBofA Global Research