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Market Cap

R$591.9m

Last Updated

2021/05/09 23:38 UTC

Data Sources

Company Financials +

Executive Summary

Tecnisa S.A., together with its subsidiaries, develops, constructs, and sells residential, commercial, industrial, and service real estate properties in Brazil. More Details


Snowflake Analysis

High growth potential with mediocre balance sheet.

Share Price & News

How has Tecnisa's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TCSA3 is more volatile than 90% of BR stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: TCSA3's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of BR stocks.


Market Performance


7 Day Return

-2.0%

TCSA3

-0.4%

BR Consumer Durables

2.3%

BR Market


1 Year Return

18.2%

TCSA3

37.6%

BR Consumer Durables

46.5%

BR Market

Return vs Industry: TCSA3 underperformed the BR Consumer Durables industry which returned 37.6% over the past year.

Return vs Market: TCSA3 underperformed the BR Market which returned 46.5% over the past year.


Shareholder returns

TCSA3IndustryMarket
7 Day-2.0%-0.4%2.3%
30 Day6.5%-1.9%4.0%
90 Day-11.1%-9.5%-0.8%
1 Year18.2%18.2%43.8%37.6%52.3%46.5%
3 Year-47.8%-47.8%71.0%45.0%57.9%41.0%
5 Year-67.3%-70.9%132.0%50.5%146.4%102.9%

Long-Term Price Volatility Vs. Market

How volatile is Tecnisa's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tecnisa undervalued compared to its fair value and its price relative to the market?

0.76x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TCSA3 (R$8.04) is trading above our estimate of fair value (R$1.39)

Significantly Below Fair Value: TCSA3 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TCSA3 is unprofitable, so we can't compare its PE Ratio to the BR Consumer Durables industry average.

PE vs Market: TCSA3 is unprofitable, so we can't compare its PE Ratio to the BR market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TCSA3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TCSA3 is good value based on its PB Ratio (0.8x) compared to the BR Consumer Durables industry average (1.6x).


Future Growth

How is Tecnisa forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

66.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCSA3 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (9.3%).

Earnings vs Market: TCSA3 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TCSA3's is expected to become profitable in the next 3 years.

Revenue vs Market: TCSA3's revenue (27.1% per year) is forecast to grow faster than the BR market (8.5% per year).

High Growth Revenue: TCSA3's revenue (27.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TCSA3's Return on Equity is forecast to be low in 3 years time (17.5%).


Past Performance

How has Tecnisa performed over the past 5 years?

-11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TCSA3 is currently unprofitable.

Growing Profit Margin: TCSA3 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TCSA3 is unprofitable, and losses have increased over the past 5 years at a rate of 11% per year.

Accelerating Growth: Unable to compare TCSA3's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TCSA3 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (6.6%).


Return on Equity

High ROE: TCSA3 has a negative Return on Equity (-21.09%), as it is currently unprofitable.


Financial Health

How is Tecnisa's financial position?


Financial Position Analysis

Short Term Liabilities: TCSA3's short term assets (R$704.4M) exceed its short term liabilities (R$299.9M).

Long Term Liabilities: TCSA3's short term assets (R$704.4M) exceed its long term liabilities (R$652.7M).


Debt to Equity History and Analysis

Debt Level: TCSA3's debt to equity ratio (65.6%) is considered high.

Reducing Debt: TCSA3's debt to equity ratio has reduced from 78.5% to 65.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TCSA3 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TCSA3 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Tecnisa current dividend yield, its reliability and sustainability?

2.01%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TCSA3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TCSA3's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TCSA3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TCSA3's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TCSA3 is not paying a notable dividend for the BR market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TCSA3's dividend in 3 years as they are not forecast to pay a notable one for the BR market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Joseph Nigri (38 yo)

3.67yrs

Tenure

Mr. Joseph Meyer Nigri has been the Chief Executive Officer of Tecnisa S.A. since September 2017 and its Vice President of Executive Board since September 2012. Mr. Nigri served as Deputy Chief Executive O...


Leadership Team

Experienced Management: TCSA3's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: TCSA3's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tecnisa S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tecnisa S.A.
  • Ticker: TCSA3
  • Exchange: BOVESPA
  • Founded: 1977
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: R$591.899m
  • Shares outstanding: 73.62m
  • Website: https://www.tecnisa.com.br

Number of Employees


Location

  • Tecnisa S.A.
  • Avenida Brigadeiro Faria Lima, 3729
  • 1st floor
  • Sao Paulo
  • São Paulo
  • 04538-905
  • Brazil

Listings


Biography

Tecnisa S.A., together with its subsidiaries, develops, constructs, and sells residential, commercial, industrial, and service real estate properties in Brazil. The company was formerly known as Tecnisa En...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 23:38
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.