Smiles Fidelidade S.A. provides loyalty programs to financial institutions, retail and entertainment customers, airline partners, and individuals. More Details
Exceptional growth potential with flawless balance sheet.
Share Price & News
How has Smiles Fidelidade's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SMLS3 is more volatile than 75% of BR stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: SMLS3's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of BR stocks.
7 Day Return
1 Year Return
Return vs Industry: SMLS3 exceeded the BR Media industry which returned 46.8% over the past year.
Return vs Market: SMLS3 exceeded the BR Market which returned 46.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Smiles Fidelidade's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StWe're Not So Sure You Should Rely on Smiles Fidelidade's (BVMF:SMLS3) Statutory Earnings
5 months ago | Simply Wall StWhat Type Of Returns Would Smiles Fidelidade's(BVMF:SMLS3) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
6 months ago | Simply Wall StReturns On Capital - An Important Metric For Smiles Fidelidade (BVMF:SMLS3)
Is Smiles Fidelidade undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SMLS3 (R$21.8) is trading above our estimate of fair value (R$11.84)
Significantly Below Fair Value: SMLS3 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SMLS3 is good value based on its PE Ratio (14.4x) compared to the XS Media industry average (18.3x).
PE vs Market: SMLS3 is good value based on its PE Ratio (14.4x) compared to the BR market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: SMLS3 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: SMLS3 is overvalued based on its PB Ratio (3x) compared to the XS Media industry average (0.5x).
How is Smiles Fidelidade forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMLS3's forecast earnings growth (30.5% per year) is above the savings rate (9.3%).
Earnings vs Market: SMLS3's earnings (30.5% per year) are forecast to grow faster than the BR market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SMLS3's revenue (27.8% per year) is forecast to grow faster than the BR market (8.5% per year).
High Growth Revenue: SMLS3's revenue (27.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SMLS3's Return on Equity is forecast to be high in 3 years time (27.8%)
How has Smiles Fidelidade performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMLS3 has a high level of non-cash earnings.
Growing Profit Margin: SMLS3's current net profit margins (33.9%) are lower than last year (55.1%).
Past Earnings Growth Analysis
Earnings Trend: SMLS3 has become profitable over the past 5 years, growing earnings by 11.2% per year.
Accelerating Growth: SMLS3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SMLS3 had negative earnings growth (-65.4%) over the past year, making it difficult to compare to the Media industry average (1%).
Return on Equity
High ROE: SMLS3's Return on Equity (20.9%) is considered high.
How is Smiles Fidelidade's financial position?
Financial Position Analysis
Short Term Liabilities: SMLS3's short term assets (R$2.1B) exceed its short term liabilities (R$2.0B).
Long Term Liabilities: SMLS3's short term assets (R$2.1B) exceed its long term liabilities (R$520.7M).
Debt to Equity History and Analysis
Debt Level: SMLS3 is debt free.
Reducing Debt: SMLS3 currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: SMLS3 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SMLS3 has no debt, therefore coverage of interest payments is not a concern.
What is Smiles Fidelidade current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SMLS3's dividend (20.46%) is higher than the bottom 25% of dividend payers in the BR market (1.03%).
High Dividend: SMLS3's dividend (20.46%) is in the top 25% of dividend payers in the BR market (4.83%)
Stability and Growth of Payments
Stable Dividend: SMLS3 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SMLS3's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (295.5%), SMLS3's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. André Fehlauer has been CEO & Member of Management Board at Smiles Fidelidade S.A. since June 2020 and had been its Financial and Investor Relations Officer until June 2020. Mr. André holds a degree in...
Experienced Management: SMLS3's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Experienced Board: SMLS3's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Smiles Fidelidade S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Smiles Fidelidade S.A.
- Ticker: SMLS3
- Exchange: BOVESPA
- Founded: 1994
- Industry: Advertising
- Sector: Media
- Market Cap: R$2.707b
- Shares outstanding: 124.16m
- Website: https://www.smiles.com.br
Number of Employees
- Smiles Fidelidade S.A.
- Alameda Rio Negro
- Bloco B, 2º Andar
- São Paulo
Smiles Fidelidade S.A. provides loyalty programs to financial institutions, retail and entertainment customers, airline partners, and individuals. The company focuses on the development and management of t...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/09 23:35|
|End of Day Share Price||2021/05/07 00:00|
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.