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QUAL

Qualicorp Consultoria e Corretora de Seguros BOVESPA:QUAL3 Stock Report

Last Price

R$11.59

Market Cap

R$3.2b

7D

-17.9%

1Y

-59.9%

Updated

29 Jun, 2022

Data

Company Financials +
QUAL3 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends2/6

QUAL3 Stock Overview

Qualicorp Consultoria e Corretora de Seguros S.A.

Qualicorp Consultoria e Corretora de Seguros Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Qualicorp Consultoria e Corretora de Seguros
Historical stock prices
Current Share PriceR$11.59
52 Week HighR$29.27
52 Week LowR$10.30
Beta1.05
1 Month Change4.41%
3 Month Change-27.70%
1 Year Change-59.91%
3 Year Change-48.90%
5 Year Change-61.91%
Change since IPO-22.99%

Recent News & Updates

Jun 16
Should You Think About Buying Qualicorp Consultoria e Corretora de Seguros S.A. (BVMF:QUAL3) Now?

Should You Think About Buying Qualicorp Consultoria e Corretora de Seguros S.A. (BVMF:QUAL3) Now?

Qualicorp Consultoria e Corretora de Seguros S.A. ( BVMF:QUAL3 ), might not be a large cap stock, but it led the...

Shareholder Returns

QUAL3BR HealthcareBR Market
7D-17.9%-3.6%-0.3%
1Y-59.9%-60.6%-29.1%

Return vs Industry: QUAL3 exceeded the BR Healthcare industry which returned -61.2% over the past year.

Return vs Market: QUAL3 underperformed the BR Market which returned -29% over the past year.

Price Volatility

Is QUAL3's price volatile compared to industry and market?
QUAL3 volatility
QUAL3 Average Weekly Movement9.3%
Healthcare Industry Average Movement6.5%
Market Average Movement5.8%
10% most volatile stocks in BR Market9.2%
10% least volatile stocks in BR Market2.9%

Stable Share Price: QUAL3 is more volatile than 90% of BR stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: QUAL3's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of BR stocks.

About the Company

FoundedEmployeesCEOWebsite
19972,821Bruno Blatthttps://www.qualicorp.com.br

Qualicorp Consultoria e Corretora de Seguros S.A. operates as a healthcare benefits trader, administrator, and health management services provider in Brazil. The company was formerly known as Qualicorp S.A. and changed its name to Qualicorp Consultoria e Corretora de Seguros S.A. in June 2018. Qualicorp Consultoria e Corretora de Seguros S.A. was founded in 1997 and is headquartered in São Paulo, Brazil.

Qualicorp Consultoria e Corretora de Seguros Fundamentals Summary

How do Qualicorp Consultoria e Corretora de Seguros's earnings and revenue compare to its market cap?
QUAL3 fundamental statistics
Market CapR$3.22b
Earnings (TTM)R$325.39m
Revenue (TTM)R$2.08b

9.9x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
QUAL3 income statement (TTM)
RevenueR$2.08b
Cost of RevenueR$422.10m
Gross ProfitR$1.65b
Other ExpensesR$1.33b
EarningsR$325.39m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)1.17
Gross Margin79.66%
Net Profit Margin15.68%
Debt/Equity Ratio148.7%

How did QUAL3 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

27%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is QUAL3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QUAL3?

Other financial metrics that can be useful for relative valuation.

QUAL3 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/Revenue2.2x
Enterprise Value/EBITDA7.1x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does QUAL3's PE Ratio compare to its peers?

QUAL3 PE Ratio vs Peers
The above table shows the PE ratio for QUAL3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average66.7x
ODPV3 Odontoprev
12x-3.6%R$5.2b
HAPV3 Hapvida Participações e Investimentos
226.5x96.7%R$37.5b
VVEO3 CM Hospitalar S/A
8.7x16.3%R$4.0b
MATD3 Hospital Mater Dei
19.7x30.7%R$2.9b
QUAL3 Qualicorp Consultoria e Corretora de Seguros
9.9x20.1%R$3.2b

Price-To-Earnings vs Peers: QUAL3 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (66.7x).


Price to Earnings Ratio vs Industry

How does QUAL3's PE Ratio compare vs other companies in the Global Healthcare Industry?

Price-To-Earnings vs Industry: QUAL3 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the BR Healthcare industry average (11.9x)


Price to Earnings Ratio vs Fair Ratio

What is QUAL3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QUAL3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: QUAL3 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).


Share Price vs Fair Value

What is the Fair Price of QUAL3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: QUAL3 (R$11.59) is trading below our estimate of fair value (R$30.82)

Significantly Below Fair Value: QUAL3 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: QUAL3 is good value based on its PEG Ratio (0.5x)


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Future Growth

How is Qualicorp Consultoria e Corretora de Seguros forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: QUAL3's forecast earnings growth (20.1% per year) is above the savings rate (9.1%).

Earnings vs Market: QUAL3's earnings (20.1% per year) are forecast to grow faster than the BR market (6.2% per year).

High Growth Earnings: QUAL3's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: QUAL3's revenue (7.3% per year) is forecast to grow faster than the BR market (5.5% per year).

High Growth Revenue: QUAL3's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: QUAL3's Return on Equity is forecast to be high in 3 years time (32%)


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Past Performance

How has Qualicorp Consultoria e Corretora de Seguros performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


1.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: QUAL3 has high quality earnings.

Growing Profit Margin: QUAL3's current net profit margins (15.7%) are lower than last year (21.4%).


Past Earnings Growth Analysis

Earnings Trend: QUAL3's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: QUAL3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: QUAL3 had negative earnings growth (-25.8%) over the past year, making it difficult to compare to the Healthcare industry average (9.7%).


Return on Equity

High ROE: Whilst QUAL3's Return on Equity (24.86%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Qualicorp Consultoria e Corretora de Seguros's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: QUAL3's short term assets (R$1.2B) do not cover its short term liabilities (R$2.5B).

Long Term Liabilities: QUAL3's short term assets (R$1.2B) exceed its long term liabilities (R$536.6M).


Debt to Equity History and Analysis

Debt Level: QUAL3's net debt to equity ratio (101.5%) is considered high.

Reducing Debt: QUAL3's debt to equity ratio has increased from 29.2% to 148.7% over the past 5 years.

Debt Coverage: QUAL3's debt is well covered by operating cash flow (34.1%).

Interest Coverage: QUAL3 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Qualicorp Consultoria e Corretora de Seguros's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.74%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: QUAL3's dividend (2.74%) is higher than the bottom 25% of dividend payers in the BR market (1.73%).

High Dividend: QUAL3's dividend (2.74%) is low compared to the top 25% of dividend payers in the BR market (7.82%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, QUAL3 has been paying a dividend for less than 10 years.

Growing Dividend: QUAL3 has only been paying a dividend for 7 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27%), QUAL3's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (103.3%), QUAL3's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.1yrs

Average management tenure


CEO

Bruno Blatt

2.58yrs

Tenure

Mr. Bruno Blatt serves as President Director & Member of Statutory Executive Board at Qualicorp Consultoria e Corretora de Seguros S.A. since May 13, 2021 and has been its Chief Executive Officer since Nov...


Leadership Team

Experienced Management: QUAL3's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: QUAL3's board of directors are not considered experienced ( 1.5 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

Qualicorp Consultoria e Corretora de Seguros S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Qualicorp Consultoria e Corretora de Seguros S.A.
  • Ticker: QUAL3
  • Exchange: BOVESPA
  • Founded: 1997
  • Industry: Managed Health Care
  • Sector: Healthcare
  • Implied Market Cap: R$3.219b
  • Shares outstanding: 277.75m
  • Website: https://www.qualicorp.com.br

Number of Employees


Location

  • Qualicorp Consultoria e Corretora de Seguros S.A.
  • Rua Doutor PlInio Barreto, 365
  • 15º andar (part)
  • São Paulo
  • São Paulo
  • 01313-020
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.