Priner Serviços Industriais Valuation

Q: What is the Fair Price of PRNR3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PRNR3 (R$15.06) is trading above our estimate of [[fair value]] (R$2.48)

Is PRNR3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PRNR3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PRNR3 (R$15.06) is trading above our estimate of fair value (R$2.48)

Significantly Below Fair Value: PRNR3 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRNR3?

Key metric: As PRNR3 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PRNR3. This is calculated by dividing PRNR3's market cap by their current revenue.
What is PRNR3's PS Ratio?
PS Ratio	0.7x
Sales	R$963.15m
Market Cap	R$713.43m

PRNR3 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	9.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does PRNR3's PS Ratio compare to its peers?

The above table shows the PS ratio for PRNR3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.6x
ALPK3 Allpark Empreendimentos Participações e Serviços	0.4x	13.7%	R$597.7m
OPCT3 OceanPact Serviços Marítimos	0.7x	7.6%	R$1.2b
VLID3 Valid Soluções	0.9x	n/a	R$2.0b
ORVR3 Orizon Valorização de Resíduos	4.3x	23.9%	R$3.8b
PRNR3 Priner Serviços Industriais	0.7x	22.7%	R$713.4m

Price-To-Sales vs Peers: PRNR3 is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does PRNR3's PS Ratio compare vs other companies in the Global Commercial Services Industry?

108 Companies	Price / Sales	Estimated Growth	Market Cap

108 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PRNR3 is good value based on its Price-To-Sales Ratio (0.7x) compared to the Global Commercial Services industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is PRNR3's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRNR3 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.7x
Fair PS Ratio	0.8x

Price-To-Sales vs Fair Ratio: PRNR3 is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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 PRNR3 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	R$15.06	R$18.65 +23.8%	3.5%	R$19.30	R$18.00	n/a	2
Nov ’25	R$13.55	R$18.65 +37.6%	3.5%	R$19.30	R$18.00	n/a	2
Oct ’25	R$11.82	R$18.65 +57.8%	3.5%	R$19.30	R$18.00	n/a	2
Sep ’25	R$13.28	R$18.65 +40.4%	3.5%	R$19.30	R$18.00	n/a	2
Aug ’25	R$10.09	R$18.65 +84.8%	3.5%	R$19.30	R$18.00	n/a	2
Jul ’25	R$10.61	R$19.15 +80.5%	6.0%	R$20.30	R$18.00	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.