New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (117% cash payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • May 11
First quarter 2026 earnings released: EPS: R$0.71 (vs R$0.93 in 1Q 2025) First quarter 2026 results: EPS: R$0.71 (down from R$0.93 in 1Q 2025). Revenue: R$447.0m (down 11% from 1Q 2025). Net income: R$55.9m (down 24% from 1Q 2025). Profit margin: 13% (down from 15% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year. New Risk • May 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 117% Dividend yield: 16% 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. This is currently the only risk that has been identified for the company. Announcement • May 02
Valid Soluções S.A. to Report Q1, 2026 Results on May 06, 2026 Valid Soluções S.A. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Announcement • Mar 31
Valid Soluções S.A., Annual General Meeting, Apr 28, 2026 Valid Soluções S.A., Annual General Meeting, Apr 28, 2026. Reported Earnings • Mar 23
Full year 2025 earnings released: EPS: R$3.30 (vs R$4.76 in FY 2024) Full year 2025 results: EPS: R$3.30 (down from R$4.76 in FY 2024). Revenue: R$2.06b (down 5.0% from FY 2024). Net income: R$261.3m (down 31% from FY 2024). Profit margin: 13% (down from 18% in FY 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 06
Valid Soluções S.A. to Report Q4, 2025 Results on Mar 18, 2026 Valid Soluções S.A. announced that they will report Q4, 2025 results After-Market on Mar 18, 2026 Upcoming Dividend • Nov 24
Upcoming dividend of R$1.51 per share Eligible shareholders must have bought the stock before 01 December 2025. Payment date: 18 December 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 12%. Within top quartile of Brazilian dividend payers (9.8%). Higher than average of industry peers (3.3%). Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: R$0.62 (vs R$1.13 in 3Q 2024) Third quarter 2025 results: EPS: R$0.62 (down from R$1.13 in 3Q 2024). Revenue: R$540.4m (down 6.8% from 3Q 2024). Net income: R$49.0m (down 46% from 3Q 2024). Profit margin: 9.1% (down from 16% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 29% per year. New Risk • Aug 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 56% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: R$0.69 (vs R$0.99 in 2Q 2024) Second quarter 2025 results: EPS: R$0.69 (down from R$0.99 in 2Q 2024). Revenue: R$490.1m (down 5.4% from 2Q 2024). Net income: R$54.1m (down 32% from 2Q 2024). Profit margin: 11% (down from 15% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Mar 25
Valid Soluções S.A., Annual General Meeting, Apr 24, 2025 Valid Soluções S.A., Annual General Meeting, Apr 24, 2025. New Risk • Mar 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: R$4.70 (vs R$2.67 in FY 2023) Full year 2024 results: EPS: R$4.70 (up from R$2.67 in FY 2023). Revenue: R$2.17b (down 3.7% from FY 2023). Net income: R$380.9m (up 79% from FY 2023). Profit margin: 18% (up from 9.5% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 07
Upcoming dividend of R$0.39 per share Eligible shareholders must have bought the stock before 14 March 2025. Payment date: 27 March 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 5.6%. Lower than top quartile of Brazilian dividend payers (10%). Higher than average of industry peers (1.5%). New Risk • Nov 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: R$1.13 (vs R$0.76 in 3Q 2023) Third quarter 2024 results: EPS: R$1.13 (up from R$0.76 in 3Q 2023). Revenue: R$579.7m (up 3.8% from 3Q 2023). Net income: R$90.3m (up 49% from 3Q 2023). Profit margin: 16% (up from 11% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 01
Upcoming dividend of R$0.53 per share Eligible shareholders must have bought the stock before 08 November 2024. Payment date: 18 November 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 5.4%. Lower than top quartile of Brazilian dividend payers (9.6%). Higher than average of industry peers (1.0%). New Risk • Aug 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to R$20.83, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 34x in the Commercial Services industry in Brazil. Total returns to shareholders of 203% over the past three years. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: R$0.99 (vs R$0.72 in 2Q 2023) Second quarter 2024 results: EPS: R$0.99 (up from R$0.72 in 2Q 2023). Revenue: R$518.2m (down 3.0% from 2Q 2023). Net income: R$79.6m (up 38% from 2Q 2023). Profit margin: 15% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of R$0.44 per share Eligible shareholders must have bought the stock before 12 August 2024. Payment date: 16 August 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 7.4%. Lower than top quartile of Brazilian dividend payers (8.8%). Higher than average of industry peers (1.4%). New Risk • May 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Upcoming Dividend • Apr 16
Upcoming dividend of R$0.31 per share Eligible shareholders must have bought the stock before 23 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 7.3%. Lower than top quartile of Brazilian dividend payers (8.5%). Higher than average of industry peers (2.0%). New Risk • Mar 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: R$2.67 (vs R$1.34 in FY 2022) Full year 2023 results: EPS: R$2.67 (up from R$1.34 in FY 2022). Revenue: R$2.26b (up 20% from FY 2022). Net income: R$213.3m (up 101% from FY 2022). Profit margin: 9.5% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R$21.00, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 13x in the Commercial Services industry in South America. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R$18.60, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 13x in the Commercial Services industry in South America. Total returns to shareholders of 113% over the past three years. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: R$0.76 (vs R$0.50 in 3Q 2022) Third quarter 2023 results: EPS: R$0.76 (up from R$0.50 in 3Q 2022). Revenue: R$558.4m (up 13% from 3Q 2022). Net income: R$60.7m (up 54% from 3Q 2022). Profit margin: 11% (up from 7.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. New Risk • Aug 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: R$0.72 (vs R$0.61 in 2Q 2022) Second quarter 2023 results: EPS: R$0.72 (up from R$0.61 in 2Q 2022). Revenue: R$534.4m (up 19% from 2Q 2022). Net income: R$57.5m (up 18% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R$12.00, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 14x in the Commercial Services industry in South America. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to R$10.00, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 11x in the Commercial Services industry in South America. Total returns to shareholders of 7.5% over the past three years. Upcoming Dividend • Dec 30
Upcoming dividend of R$0.26 per share Eligible shareholders must have bought the stock before 06 January 2023. Payment date: 31 January 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Brazilian dividend payers (8.0%). Lower than average of industry peers (3.5%). Board Change • Nov 16
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. 7 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Guilherme Affonso Ferreira Filho was the last independent director to join the board, commencing their role in 2010. 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 • Nov 10
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: R$496.3m (down 15% from 3Q 2021). Net income: R$39.4m (down 25% from 3Q 2021). Profit margin: 7.9% (down from 9.0% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Valid Promotes New eSIM for Consumer Solution That Leverages on Strongbox Functionalities for Non-Telecom Applications Valid launches the new version of its eSIM for Consumer solution that is ready to answer the industry incessant search for non-telecom applications that requires tamper resistance and proven security, with the support of Android Strongbox technology and also any embedded non-telecom application. This new eSIM for Consumer solution is based on Valid's eSIM Operating System (OS), trademarked as mioSIM™ eSIM OS, and it is designed to help securely provision, identify, manage and connect devices to cellular networks, offering device makers (OEMs) the ability to embed the SIM card functionalities into their devices, adding a high-level of protection to them. The well-proven eSIM Operating System is also a key element on some of the most used secure microcontrollers in the world and as such allows to comply with the latest GSMA specificationsValid's solution features a non-Telecom functionality because it is pre-loaded with the Strongbox applet. This applet eliminates the hassle of implementing a secure element on top of the eSIM, specially during the development of connected devices. In addition to that, this innovative solution offers OEMs the opportunity to increase the security level of their solution, by leveraging on Strongbox technology, and therefore unlocking new secure use cases and helping them capture new revenue opportunities by differentiating their own applications. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: R$0.054 (vs R$0.22 loss in 2Q 2021) Second quarter 2022 results: EPS: R$0.054 (up from R$0.22 loss in 2Q 2021). Revenue: R$463.9m (down 14% from 2Q 2021). Net income: R$46.5m (up R$64.1m from 2Q 2021). Profit margin: 10.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 15% share price gain to R$10.98, the stock trades at a trailing P/E ratio of 18.7x. Average forward P/E is 15x in the Commercial Services industry in South America. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 15% share price gain to R$10.96, the stock trades at a trailing P/E ratio of 18.8x. Average forward P/E is 15x in the Commercial Services industry in South America. Total loss to shareholders of 18% over the past three years. Reported Earnings • May 12
First quarter 2022 earnings: Revenues exceed analyst expectations First quarter 2022 results: Revenue: R$579.7m (up 18% from 1Q 2021). Net loss: R$18.1m (loss widened 265% from 1Q 2021). Revenue exceeded analyst estimates by 3.1%. Board Change • Apr 27
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. 7 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Independent Director Guilherme Affonso Ferreira Filho was the last independent director to join the board, commencing their role in 2010. 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 • Mar 11
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: R$0.74 (up from R$2.89 loss in FY 2020). Revenue: R$2.20b (up 13% from FY 2020). Net income: R$59.7m (up R$262.2m from FY 2020). Profit margin: 2.7% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 743%. Over the next year, revenue is forecast to grow 1.1%, compared to a 42% growth forecast for the industry in Brazil. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Feb 16
Valid Soluções S.A. to Report Q4, 2021 Results on Mar 09, 2022 Valid Soluções S.A. announced that they will report Q4, 2021 results After-Market on Mar 09, 2022 Reported Earnings • Nov 14
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: R$583.4m (up 12% from 3Q 2020). Net income: R$52.3m (up R$54.8m from 3Q 2020). Profit margin: 9.0% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2021 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: R$541.1m (up 31% from 2Q 2020). Net loss: R$17.6m (loss narrowed 88% from 2Q 2020). 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. Price Target Changed • Apr 07
Price target decreased to R$13.50 Down from R$15.26, the current price target is provided by 1 analyst. New target price is 38% above last closing price of R$9.81. Stock is up 16% over the past year. Reported Earnings • Mar 22
Full year 2020 earnings released: R$2.89 loss per share (vs R$0.77 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: R$1.94b (down 3.4% from FY 2019). Net loss: R$202.5m (down 473% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 23
New 90-day low: R$7.95 The company is down 14% from its price of R$9.27 on 24 November 2020. The Brazilian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$9.33 per share. Announcement • Jan 16
Valid Soluções S.A., Annual General Meeting, Apr 29, 2021 Valid Soluções S.A., Annual General Meeting, Apr 29, 2021, at 13:00 Coordinated Universal Time. Announcement • Dec 17
Valid Soluções S.A. to Report Q4, 2020 Results on Mar 18, 2021 Valid Soluções S.A. announced that they will report Q4, 2020 results on Mar 18, 2021 Price Target Changed • Nov 24
Price target lowered to R$14.06 Down from R$15.66, the current price target is an average from 3 analysts. The new target price is 49% above the current share price of R$9.41. As of last close, the stock is down 30% over the past year. Reported Earnings • Nov 09
Third quarter 2020 earnings released: R$0.035 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: R$522.1m (down 8.3% from 3Q 2019). Net loss: R$2.47m (down 108% from profit in 3Q 2019). 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 19% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 09
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.7%. Earnings per share (EPS) missed analyst estimates by 49%. Over the next year, revenue is forecast to grow 3.6%, compared to a 459% growth forecast for the Commercial Services industry in Brazil. Is New 90 Day High Low • Oct 29
New 90-day low: R$7.80 The company is down 29% from its price of R$11.01 on 31 July 2020. The Brazilian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$14.86 per share. Is New 90 Day High Low • Sep 30
New 90-day low: R$8.30 The company is down 23% from its price of R$10.83 on 02 July 2020. The Brazilian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is R$15.03 per share. Announcement • Sep 30
Valid. and Haco Etiquetas Ltda. Enters into A Strategic Partnership Valid and Haco Etiquetas Ltda. have entered into a strategic partnership to serve the textile and footwear Radio Frequency Identification (RFID) market in Brazil. The companies will work jointly to develop integrated solutions using the RFID inlays manufactured by Valid in the woven labels produced by Haco. The RFID inlays to be manufactured by Valid comprise an RFID chip, an antenna to capture data and a substrate protecting the chip. The labels, which will be used in apparel and footwear items, will be manufactured by Haco, which will also be responsible for the commercial and market prospecting operations. Valid is once again joining forces with a strategic partner to offer complete solutions that meet the needs of its clients. The company invested heavily in recent years to develop solutions that use RFID, which is why it is the only company producing inlays in Latin America. The partnership with Haco will give clients the opportunity to attain even higher levels of efficiency in their business. Announcement • Aug 28
Valid Soluções S.A. to Report Q3, 2020 Results on Nov 05, 2020 Valid Soluções S.A. announced that they will report Q3, 2020 results on Nov 05, 2020 Announcement • Jul 30
Valid Soluções S.A. (BOVESPA:VLID3) acquired unknown minority stake inEstacionamento Digital for BRl 4.9 million. Valid Soluções S.A. (BOVESPA:VLID3) acquired unknown minority stake in Estacionamento Digital for BRl 4.9 million on May 21, 2020. as per terms of transaction BRl 3.4 million was already paid in advance for the acquisition of participation.
Valid Soluções S.A. (BOVESPA:VLID3) completed the acquisition unknown minority stake in Estacionamento Digital on May 21, 2020. Announcement • Jul 23
Valid Soluções S.A. to Report Q2, 2020 Results on Aug 06, 2020 Valid Soluções S.A. announced that they will report Q2, 2020 results at 5:00 PM, E. South America Standard Time on Aug 06, 2020 
