Announcement • Jul 01
Romi S.A. to Report Q2, 2026 Results on Jul 14, 2026 Romi S.A. announced that they will report Q2, 2026 results at 6:00 PM, E. South America Standard Time on Jul 14, 2026 Reported Earnings • Apr 16
First quarter 2026 earnings released: EPS: R$0.03 (vs R$0.11 in 1Q 2025) First quarter 2026 results: EPS: R$0.03 (down from R$0.11 in 1Q 2025). Revenue: R$221.0m (down 19% from 1Q 2025). Net income: R$2.33m (down 77% from 1Q 2025). Profit margin: 1.1% (down from 3.7% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Apr 02
Romi S.A. to Report Q1, 2026 Results on Apr 14, 2026 Romi S.A. announced that they will report Q1, 2026 results After-Market on Apr 14, 2026 New Risk • Feb 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 14% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.4% net profit margin). Announcement • Feb 09
Romi S.A., Annual General Meeting, Mar 10, 2026 Romi S.A., Annual General Meeting, Mar 10, 2026. Location: exclusively remotely, Brazil Reported Earnings • Feb 06
Full year 2025 earnings released: EPS: R$0.23 (vs R$1.22 in FY 2024) Full year 2025 results: EPS: R$0.23 (down from R$1.22 in FY 2024). Revenue: R$1.33b (up 8.7% from FY 2024). Net income: R$85.1m (down 25% from FY 2024). Profit margin: 6.4% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Jan 20
Romi S.A. to Report Q4, 2025 Results on Feb 03, 2026 Romi S.A. announced that they will report Q4, 2025 results After-Market on Feb 03, 2026 Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: R$0.29 (vs R$0.25 in 3Q 2024) Third quarter 2025 results: EPS: R$0.29 (up from R$0.25 in 3Q 2024). Revenue: R$349.3m (up 32% from 3Q 2024). Net income: R$27.3m (up 19% from 3Q 2024). Profit margin: 7.8% (down from 8.7% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Oct 07
Romi S.A. to Report Q3, 2025 Results on Oct 21, 2025 Romi S.A. announced that they will report Q3, 2025 results After-Market on Oct 21, 2025 Reported Earnings • Jul 17
Second quarter 2025 earnings released: EPS: R$0.17 (vs R$0.33 in 2Q 2024) Second quarter 2025 results: EPS: R$0.17 (down from R$0.33 in 2Q 2024). Revenue: R$316.1m (up 7.1% from 2Q 2024). Net income: R$16.3m (down 47% from 2Q 2024). Profit margin: 5.2% (down from 11% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Jul 16
New major risk - Revenue and earnings growth Earnings have declined by 2.9% 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 Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by cash flows (268% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.3% net profit margin). Announcement • Jul 03
Romi S.A. to Report Q2, 2025 Results on Jul 15, 2025 Romi S.A. announced that they will report Q2, 2025 results on Jul 15, 2025 Declared Dividend • Jun 13
First quarter dividend of R$0.15 announced Shareholders will receive a dividend of R$0.15. Ex-date: 17th June 2025 Payment date: 23rd October 2025 Dividend yield will be 7.4%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but not covered by cash flows (268% cash payout ratio). The dividend has increased by an average of 16% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 5.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 20
First quarter 2025 earnings released: EPS: R$0.11 (vs R$0.19 in 1Q 2024) First quarter 2025 results: EPS: R$0.11 (down from R$0.19 in 1Q 2024). Revenue: R$273.1m (up 31% from 1Q 2024). Net income: R$9.98m (down 44% from 1Q 2024). Profit margin: 3.7% (down from 8.6% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% 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. Announcement • Apr 01
Romi S.A. to Report Q1, 2025 Results on Apr 15, 2025 Romi S.A. announced that they will report Q1, 2025 results After-Market on Apr 15, 2025 New Risk • Feb 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Dividend is not well covered by cash flows (152% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.3% net profit margin). Announcement • Feb 11
Romi S.A., Annual General Meeting, Mar 11, 2025 Romi S.A., Annual General Meeting, Mar 11, 2025. New Risk • Feb 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.3% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Dividend is not well covered by cash flows (147% cash payout ratio). Profit margins are more than 30% lower than last year (9.3% net profit margin). Announcement • Jan 22
Romi S.A. to Report Q4, 2024 Results on Feb 04, 2025 Romi S.A. announced that they will report Q4, 2024 results After-Market on Feb 04, 2025 Declared Dividend • Dec 15
Third quarter dividend of R$0.19 announced Shareholders will receive a dividend of R$0.19. Ex-date: 17th December 2024 Payment date: 26th February 2025 Dividend yield will be 7.6%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (dividend approximately 8x free cash flows). The dividend has increased by an average of 15% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 35% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.3% EPS decline seen over the last 5 years. New Risk • Oct 25
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Large one-off items impacting financial results. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: R$0.30 (vs R$0.48 in 3Q 2023) Third quarter 2024 results: EPS: R$0.30 (down from R$0.48 in 3Q 2023). Revenue: R$232.3m (down 15% from 3Q 2023). Net income: R$23.0m (down 48% from 3Q 2023). Profit margin: 9.9% (down from 16% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Oct 10
Romi S.A. to Report Q3, 2024 Results on Oct 22, 2024 Romi S.A. announced that they will report Q3, 2024 results After-Market on Oct 22, 2024 Declared Dividend • Sep 22
Second quarter dividend of R$0.20 announced Shareholders will receive a dividend of R$0.20. Ex-date: 24th September 2024 Payment date: 21st November 2024 Dividend yield will be 5.9%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 18% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: R$295.2m (down 4.4% from 2Q 2023). Net income: R$30.9m (down 4.9% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). 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 17% per year, which means it is performing significantly worse than earnings. Announcement • Jul 04
Romi S.A. to Report Q2, 2024 Results on Jul 16, 2024 Romi S.A. announced that they will report Q2, 2024 results at 6:00 PM, E. South America Standard Time on Jul 16, 2024 Declared Dividend • Jun 17
First quarter dividend of R$0.20 announced Shareholders will receive a dividend of R$0.20. Ex-date: 18th June 2024 Payment date: 17th July 2024 Dividend yield will be 6.1%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not adequately covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 18% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 51% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.9% EPS decline seen over the last 5 years. Board Change • Apr 26
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Marcio Pereira was the last independent director to join the board, commencing their role in 2017. 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 • Apr 19
First quarter 2024 earnings released: EPS: R$0.19 (vs R$0.39 in 1Q 2023) First quarter 2024 results: EPS: R$0.19 (down from R$0.39 in 1Q 2023). Revenue: R$208.5m (down 20% from 1Q 2023). Net income: R$17.9m (down 50% from 1Q 2023). Profit margin: 8.6% (down from 14% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Apr 05
Romi S.A. to Report Q1, 2024 Results on Apr 16, 2024 Romi S.A. announced that they will report Q1, 2024 results After-Market on Apr 16, 2024 Declared Dividend • Mar 29
Fourth quarter dividend of R$0.10 announced Shareholders will receive a dividend of R$0.10. Ex-date: 1st April 2024 Payment date: 10th April 2024 Dividend yield will be 4.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not covered by cash flows (300% cash payout ratio). The dividend has increased by an average of 18% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 14% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Feb 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 55% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (300% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Feb 01
Full year 2023 earnings released Full year 2023 results: Revenue: R$1.23b (down 23% from FY 2022). Net income: R$164.1m (down 24% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Oct 26
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: R$272.8m (down 32% from 3Q 2022). Net income: R$44.4m (down 32% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: R$0.37 (vs R$0.37 in 2Q 2022) Second quarter 2023 results: EPS: R$0.37 (down from R$0.37 in 2Q 2022). Revenue: R$308.6m (down 17% from 2Q 2022). Net income: R$32.5m (down 1.2% from 2Q 2022). Profit margin: 11% (up from 8.8% in 2Q 2022). The increase in margin was driven by lower expenses. 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 11% per year. Reported Earnings • Apr 20
First quarter 2023 earnings released First quarter 2023 results: Revenue: R$259.2m (down 9.2% from 1Q 2022). Net income: R$36.0m (up 19% from 1Q 2022). Profit margin: 14% (up from 11% in 1Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to R$18.52, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 6x in the Machinery industry in Brazil. Total returns to shareholders of 273% over the past three years. Price Target Changed • Mar 22
Price target increased by 8.8% to R$20.90 Up from R$19.21, the current price target is an average from 2 analysts. New target price is 25% above last closing price of R$16.73. Stock is up 38% over the past year. The company posted earnings per share of R$2.67 last year. Reported Earnings • Feb 03
Full year 2022 earnings released: EPS: R$2.67 (vs R$2.53 in FY 2021) Full year 2022 results: EPS: R$2.67 (up from R$2.53 in FY 2021). Revenue: R$1.59b (up 15% from FY 2021). Net income: R$215.0m (up 5.5% from FY 2021). Profit margin: 14% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R$18.03, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 6x in the Machinery industry in Brazil. Total returns to shareholders of 82% over the past three years. Board Change • Nov 16
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. No independent directors (8 non-independent directors). Director Francisco Levy 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. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: R$398.7m (up 8.8% from 3Q 2021). Net income: R$64.8m (down 24% from 3Q 2021). Profit margin: 16% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Oct 14
Romi S.A. to Report Q3, 2022 Results on Oct 25, 2022 Romi S.A. announced that they will report Q3, 2022 results After-Market on Oct 25, 2022 Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 25% share price gain to R$16.86, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 6x in the Machinery industry in Brazil. Total returns to shareholders of 76% over the past three years. Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: R$0.45 (vs R$0.58 in 2Q 2021) Second quarter 2022 results: EPS: R$0.45 (down from R$0.58 in 2Q 2021). Revenue: R$372.1m (up 5.9% from 2Q 2021). Net income: R$32.9m (down 23% from 2Q 2021). Profit margin: 8.8% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jul 07
Romi S.A. to Report Q2, 2022 Results on Jul 19, 2022 Romi S.A. announced that they will report Q2, 2022 results After-Market on Jul 19, 2022 Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: R$0.41 (vs R$0.28 in 1Q 2021) First quarter 2022 results: EPS: R$0.41 (up from R$0.28 in 1Q 2021). Revenue: R$285.3m (up 28% from 1Q 2021). Net income: R$30.4m (up 47% from 1Q 2021). Profit margin: 11% (up from 9.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Board Change • Apr 26
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. No independent directors (8 non-independent directors). Director Francisco Levy 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. Insufficient board refreshment. Announcement • Apr 16
Indústrias Romi S.A. to Report Q1, 2022 Results on Apr 26, 2022 Indústrias Romi S.A. announced that they will report Q1, 2022 results After-Market on Apr 26, 2022 Reported Earnings • Feb 06
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: R$2.78 (up from R$2.69 in FY 2020). Revenue: R$1.38b (up 42% from FY 2020). Net income: R$203.8m (up 17% from FY 2020). Profit margin: 15% (down from 18% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to R$15.49, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 7x in the Machinery industry in Brazil. Total returns to shareholders of 190% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 21% share price gain to R$17.77, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 7x in the Machinery industry in Brazil. Total returns to shareholders of 224% over the past three years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to R$14.67, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 7x in the Machinery industry in Brazil. Total returns to shareholders of 178% over the past three years. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS R$1.17 (vs R$0.49 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: R$366.6m (up 46% from 3Q 2020). Net income: R$85.7m (up 138% from 3Q 2020). Profit margin: 23% (up from 14% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS R$0.58 (vs R$0.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: R$351.5m (up 79% from 2Q 2020). Net income: R$42.7m (up 278% from 2Q 2020). Profit margin: 12% (up from 5.8% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to R$30.68, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 13x in the Machinery industry in Brazil. Total returns to shareholders of 577% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improved over the past week After last week's 21% share price gain to R$31.69, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 11x in the Machinery industry in Brazil. Total returns to shareholders of 444% over the past three years. Announcement • Mar 10
Indústrias Romi S.A., Annual General Meeting, Mar 16, 2021 Indústrias Romi S.A., Annual General Meeting, Mar 16, 2021, at 12:00 US Eastern Standard Time. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 18% share price decline to R$25.51, the stock is trading at a trailing P/E ratio of 9.5x, down from the previous P/E ratio of 11.6x. This compares to an average P/E of 8x in the Machinery industry in Brazil. Total returns to shareholders over the past three years are 312%. Is New 90 Day High Low • Mar 03
New 90-day high: R$31.12 The company is up 153% from its price of R$12.31 on 02 December 2020. The Brazilian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 30% share price gain to R$24.10, the stock is trading at a trailing P/E ratio of 9x, up from the previous P/E ratio of 6.9x. This compares to an average P/E of 15x in the Machinery industry in Brazil. Total returns to shareholders over the past three years are 330%. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS R$2.38 (vs R$1.77 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: R$973.2m (up 27% from FY 2019). Net income: R$174.5m (up 35% from FY 2019). Profit margin: 18% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 11
New 90-day high: R$20.72 The company is up 67% from its price of R$12.40 on 12 November 2020. The Brazilian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: R$18.95 The company is up 62% from its price of R$11.73 on 20 October 2020. The Brazilian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: R$15.45 The company is up 41% from its price of R$10.95 on 02 October 2020. The Brazilian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to R$15.09, the stock is trading at a trailing P/E ratio of 10.3x, up from the previous P/E ratio of 8.8x. This compares to an average P/E of 15x in the Machinery industry in Brazil. Total returns to shareholders over the past three years are 188%. Is New 90 Day High Low • Dec 12
New 90-day high: R$15.06 The company is up 45% from its price of R$10.36 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 Machinery industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 18% share price gain to R$14.36, the stock is trading at a trailing P/E ratio of 9.8x, up from the previous P/E ratio of 8.4x. This compares to an average P/E of 14x in the Machinery industry in Brazil. Total returns to shareholders over the past three years are 201%.