Empreendimentos Pague Menos Future Growth

Future criteria checks 3/6

Empreendimentos Pague Menos is forecast to grow earnings and revenue by 19.1% and 8.7% per annum respectively. EPS is expected to grow by 22.6% per annum. Return on equity is forecast to be 6.5% in 3 years.

Key information

19.1%

Earnings growth rate

22.6%

EPS growth rate

Consumer Retailing earnings growth	26.8%
Revenue growth rate	8.7%
Future return on equity	6.5%
Analyst coverage	Good
Last updated	18 Dec 2024

Recent future growth updates

Recent updates

Optimistic Investors Push Empreendimentos Pague Menos S.A. (BVMF:PGMN3) Shares Up 30% But Growth Is Lacking

Nov 27

We Think You Should Be Aware Of Some Concerning Factors In Empreendimentos Pague Menos' (BVMF:PGMN3) Earnings

Nov 12

Empreendimentos Pague Menos S.A. (BVMF:PGMN3) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected

Aug 26

Optimistic Investors Push Empreendimentos Pague Menos S.A. (BVMF:PGMN3) Shares Up 25% But Growth Is Lacking

Jul 12

Empreendimentos Pague Menos (BVMF:PGMN3) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

May 13

What Empreendimentos Pague Menos S.A.'s (BVMF:PGMN3) P/S Is Not Telling You

Dec 28

Here's Why We Think Empreendimentos Pague Menos (BVMF:PGMN3) Is Well Worth Watching

Feb 26

Does Empreendimentos Pague Menos (BVMF:PGMN3) Deserve A Spot On Your Watchlist?

Oct 01

How Much Of Empreendimentos Pague Menos S.A. (BVMF:PGMN3) Do Insiders Own?

Mar 03

Empreendimentos Pague Menos S.A. (BVMF:PGMN3) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?

Feb 05

Investors Still Waiting For A Pull Back In Empreendimentos Pague Menos S.A. (BVMF:PGMN3)

Dec 24

Should You Rely On Empreendimentos Pague Menos's (BVMF:PGMN3) Earnings Growth?

Dec 03

Earnings and Revenue Growth Forecasts

BOVESPA:PGMN3 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	15,365	201	1,104	693	5
12/31/2025	14,232	140	720	460	6
12/31/2024	13,063	92	-5,602	554	5
9/30/2024	12,158	160	240	348	N/A
6/30/2024	11,766	96	192	290	N/A
3/31/2024	11,464	26	190	287	N/A
12/31/2023	11,202	0	368	492	N/A
9/30/2023	10,992	140	39	226	N/A
6/30/2023	10,603	164	5	267	N/A
3/31/2023	9,837	177	-79	229	N/A
12/31/2022	9,189	264	-179	146	N/A
9/30/2022	8,477	-144	26	343	N/A
6/30/2022	7,899	-114	-37	268	N/A
3/31/2022	7,725	-21	-42	233	N/A
12/31/2021	7,529	164	-105	136	N/A
9/30/2021	7,414	181	-80	88	N/A
6/30/2021	7,284	191	-224	-118	N/A
3/31/2021	6,971	131	-204	-141	N/A
12/31/2020	6,858	96	-131	-85	N/A
9/30/2020	6,687	65	-49	-22	N/A
6/30/2020	6,547	64	171	202	N/A
3/31/2020	6,557	39	142	183	N/A
12/31/2019	6,422	-7	123	183	N/A
9/30/2019	6,352	58	18	115	N/A
6/30/2019	6,341	34	-203	-70	N/A
3/31/2019	6,299	54	-81	86	N/A
12/31/2018	6,245	93	-157	30	N/A
9/30/2018	6,158	35	-233	-28	N/A
6/30/2018	6,047	50	N/A	86	N/A
3/31/2018	5,978	76	N/A	74	N/A
12/31/2017	5,963	82	N/A	84	N/A
9/30/2017	5,906	49	N/A	110	N/A
6/30/2017	5,843	54	N/A	141	N/A
3/31/2017	5,744	45	N/A	13	N/A
12/31/2016	5,542	42	N/A	113	N/A
9/30/2016	5,220	5	N/A	187	N/A
6/30/2016	5,005	-12	N/A	222	N/A
3/31/2016	4,786	9	N/A	207	N/A
12/31/2015	4,631	31	N/A	147	N/A
9/30/2015	4,641	140	N/A	115	N/A
6/30/2015	4,524	143	N/A	43	N/A
3/31/2015	4,363	120	N/A	41	N/A
12/31/2014	4,082	116	N/A	-43	N/A
9/30/2014	4,024	95	N/A	-7	N/A
6/30/2014	3,842	96	N/A	23	N/A
3/31/2014	3,729	107	N/A	-39	N/A
12/31/2013	3,582	109	N/A	64	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PGMN3's forecast earnings growth (19.1% per year) is above the savings rate (10.4%).

Earnings vs Market: PGMN3's earnings (19.1% per year) are forecast to grow faster than the BR market (13% per year).

High Growth Earnings: PGMN3's earnings are forecast to grow, but not significantly.

Revenue vs Market: PGMN3's revenue (8.7% per year) is forecast to grow faster than the BR market (7.9% per year).

High Growth Revenue: PGMN3's revenue (8.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PGMN3's Return on Equity is forecast to be low in 3 years time (6.5%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/29 03:23
End of Day Share Price	2024/12/27 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Empreendimentos Pague Menos S.A. is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andréa Aznar	BB Banco de Investimento S.A.
Marcio Osako	Bradesco S.A. Corretora de Títulos e Valores Mobiliários
Mauricio Cepeda	Credit Suisse

Empreendimentos Pague Menos Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 218%

Consensus EPS estimates fall by 53%

Price target decreased by 7.4% to R$3.61

Price target decreased by 16% to R$4.02

Consensus EPS estimates have been downgraded.

Consensus EPS estimates increase by 21%, revenue downgraded

Recent updates

Optimistic Investors Push Empreendimentos Pague Menos S.A. (BVMF:PGMN3) Shares Up 30% But Growth Is Lacking

We Think You Should Be Aware Of Some Concerning Factors In Empreendimentos Pague Menos' (BVMF:PGMN3) Earnings

Second quarter 2024 earnings released: EPS: R$0.056 (vs R$0.08 loss in 2Q 2023)

Investor sentiment improves as stock rises 17%

Empreendimentos Pague Menos S.A. to Report Q3, 2024 Results on Nov 04, 2024

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 218%

Empreendimentos Pague Menos S.A. (BVMF:PGMN3) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected

Now 23% undervalued

Investor sentiment improves as stock rises 17%

New minor risk - Share price stability

New minor risk - Profit margin trend

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 24% undervalued after recent price drop

Consensus EPS estimates fall by 53%

Empreendimentos Pague Menos S.A. to Report Q2, 2024 Results on Aug 05, 2024

Optimistic Investors Push Empreendimentos Pague Menos S.A. (BVMF:PGMN3) Shares Up 25% But Growth Is Lacking

Price target decreased by 7.4% to R$3.61

Now 24% overvalued after recent price rise

Investor sentiment improves as stock rises 16%

New minor risk - Profit margin trend

Empreendimentos Pague Menos (BVMF:PGMN3) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

First quarter 2024 earnings released

Empreendimentos Pague Menos S.A. to Report Q1, 2024 Results on May 06, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Empreendimentos Pague Menos S.A. to Report Q4, 2023 Results on Mar 04, 2024

Price target decreased by 16% to R$4.02

Upcoming dividend of R$0.25 per share at 5.4% yield

Empreendimentos Pague Menos S.A., Annual General Meeting, Apr 29, 2024

What Empreendimentos Pague Menos S.A.'s (BVMF:PGMN3) P/S Is Not Telling You

Third quarter 2023 earnings released: R$0.013 loss per share (vs R$0.19 profit in 3Q 2022)

Empreendimentos Pague Menos S.A. to Report Q3, 2023 Results on Nov 06, 2023

New minor risk - Shareholder dilution

Second quarter 2023 earnings: EPS misses analyst expectations

New minor risk - Share price stability

Consensus EPS estimates have been downgraded.

Now 20% undervalued after recent price drop

First quarter 2023 earnings released

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: R$0.59 (vs R$0.37 in FY 2021)

Consensus EPS estimates increase by 21%, revenue downgraded

Price target decreased by 7.5% to R$8.70

Price target decreased to R$9.83

Less than half of directors are independent

Third quarter 2022 earnings released

Consensus EPS estimates increase by 28%

Investor sentiment improved over the past week

Consensus forecasts updated

Second quarter 2022 earnings released: EPS: R$0.12 (vs R$0.16 in 2Q 2021)

Price target decreased to R$10.70

Price target decreased to R$12.13

Price target decreased to R$12.77

Investor sentiment deteriorated over the past week

First quarter 2022 earnings: EPS misses analyst expectations

Price target decreased to R$14.63

Less than half of directors are independent

Price target decreased to R$14.63

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Here's Why We Think Empreendimentos Pague Menos (BVMF:PGMN3) Is Well Worth Watching

Investor sentiment improved over the past week

Consensus EPS estimates increase by 14%

Third quarter 2021 earnings released: EPS R$0.08 (vs R$0.11 in 3Q 2020)

Investor sentiment deteriorated over the past week

Does Empreendimentos Pague Menos (BVMF:PGMN3) Deserve A Spot On Your Watchlist?

Price target increased to R$16.57

Second quarter 2021 earnings released: EPS R$0.16 (vs R$0.027 in 2Q 2020)

Empreendimentos Pague Menos S.A. (BOVESPA:PGMN3) agreed to acquire Extra Farma Ltda. from Ultrapar Participações S.A. (BOVESPA:UGPA3) and others for BRL 700 million.