NOT FOR DISTRIBUTION
Header cover image

CVC Brasil Operadora e Agência de Viagens

Market Cap

R$4.1b

Last Updated

2021/04/09 23:56 UTC

Data Sources

Company Financials +

Executive Summary

CVC Brasil Operadora e Agência de Viagens S.A., together with its subsidiaries, provides tourism services in Brazil and internationally. More Details


Snowflake Analysis

Mediocre balance sheet with limited growth.


Similar Companies

Share Price & News

How has CVC Brasil Operadora e Agência de Viagens's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CVCB3 is more volatile than 75% of BR stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CVCB3'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

5.5%

CVCB3

1.7%

BR Hospitality

1.5%

BR Market


1 Year Return

56.8%

CVCB3

24.3%

BR Hospitality

45.3%

BR Market

Return vs Industry: CVCB3 exceeded the BR Hospitality industry which returned 24.3% over the past year.

Return vs Market: CVCB3 exceeded the BR Market which returned 45.3% over the past year.


Shareholder returns

CVCB3IndustryMarket
7 Day5.5%1.7%1.5%
30 Day24.4%7.6%4.9%
90 Day4.1%1.8%-6.7%
1 Year66.7%56.8%25.6%24.3%50.3%45.3%
3 Year-62.3%-65.2%-39.9%-42.1%48.5%32.9%
5 Year23.3%7.5%-41.8%-44.7%136.4%95.2%

Long-Term Price Volatility Vs. Market

How volatile is CVC Brasil Operadora e Agência de Viagens's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CVC Brasil Operadora e Agência de Viagens undervalued compared to its fair value and its price relative to the market?

76.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CVCB3 (R$20.1) is trading above our estimate of fair value (R$0.84)

Significantly Below Fair Value: CVCB3 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CVCB3 is unprofitable, so we can't compare its PE Ratio to the XX Hospitality industry average.

PE vs Market: CVCB3 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 CVCB3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CVCB3 is overvalued based on its PB Ratio (76.2x) compared to the XS Hospitality industry average (1.5x).


Future Growth

How is CVC Brasil Operadora e Agência de Viagens forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

42.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CVCB3's forecast earnings growth is above the savings rate (9.9%).

Earnings vs Market: Insufficient data to determine if CVCB3's earnings are forecast to grow faster than the BR market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CVCB3's revenue (42.5% per year) is forecast to grow faster than the BR market (10.8% per year).

High Growth Revenue: CVCB3's revenue (42.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CVCB3's Return on Equity is forecast to be low in 3 years time (10.1%).


Past Performance

How has CVC Brasil Operadora e Agência de Viagens performed over the past 5 years?

-73.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVCB3 is currently unprofitable.

Growing Profit Margin: CVCB3 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CVCB3 is unprofitable, and losses have increased over the past 5 years at a rate of 73.3% per year.

Accelerating Growth: Unable to compare CVCB3's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CVCB3 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-40.5%).


Return on Equity

High ROE: CVCB3 has a negative Return on Equity (-2127.61%), as it is currently unprofitable.


Financial Health

How is CVC Brasil Operadora e Agência de Viagens's financial position?


Financial Position Analysis

Short Term Liabilities: CVCB3's short term assets (R$3.1B) do not cover its short term liabilities (R$3.2B).

Long Term Liabilities: CVCB3's short term assets (R$3.1B) exceed its long term liabilities (R$1.8B).


Debt to Equity History and Analysis

Debt Level: CVCB3's debt to equity ratio (2929.8%) is considered high.

Reducing Debt: CVCB3's debt to equity ratio has increased from 25.9% to 2929.8% 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: Whilst unprofitable CVCB3 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CVCB3 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 34.8% per year.


Dividend

What is CVC Brasil Operadora e Agência de Viagens's current dividend yield, its reliability and sustainability?

0.86%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CVCB3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CVCB3'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 CVCB3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CVCB3's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CVCB3'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?

6.2yrs

Average management tenure


CEO

Leonel De Andrade Neto

1

Tenure

Mr. Leonel Dias De Andrade Neto is Chief Executive Officer of CVC Brasil Operadora e Agência de Viagens S.A. since April 2020. Mr. De Andrade Neto has been the Chief Executive Officer and Member of Board o...


Leadership Team

Experienced Management: CVCB3's management team is seasoned and experienced (6.2 years average tenure).


Board Members

Experienced Board: CVCB3's board of directors are not considered experienced ( 2.4 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 been diluted in the past year, with total shares outstanding growing by 36.1%.


Top Shareholders

Company Information

CVC Brasil Operadora e Agência de Viagens S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CVC Brasil Operadora e Agência de Viagens S.A.
  • Ticker: CVCB3
  • Exchange: BOVESPA
  • Founded: 2009
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: R$4.083b
  • Shares outstanding: 201.05m
  • Website: https://www.cvc.com.br

Number of Employees


Location

  • CVC Brasil Operadora e Agência de Viagens S.A.
  • Rua das Figueiras, 501
  • Santo André
  • São Paulo
  • 09080-370
  • Brazil

Listings


Biography

CVC Brasil Operadora e Agência de Viagens S.A., together with its subsidiaries, provides tourism services in Brazil and internationally. The company provides intermediation, airline tickets, land transport...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/09 23:56
End of Day Share Price2021/04/09 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.