TOTVS Future Growth

Future criteria checks 4/6

TOTVS is forecast to grow earnings and revenue by 25.3% and 15.2% per annum respectively. EPS is expected to grow by 24.7% per annum. Return on equity is forecast to be 18.5% in 3 years.

Key information

25.3%

Earnings growth rate

24.7%

EPS growth rate

Software earnings growth	17.6%
Revenue growth rate	15.2%
Future return on equity	18.5%
Analyst coverage	Good
Last updated	24 Apr 2024

Recent future growth updates

TOTVS S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 07

Recent updates

TOTVS S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 07

Is There Now An Opportunity In TOTVS S.A. (BVMF:TOTS3)?

Apr 12

Earnings and Revenue Growth Forecasts

BOVESPA:TOTS3 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	7,229	1,129	N/A	N/A	4
12/31/2025	6,138	944	816	1,326	7
12/31/2024	5,374	756	698	1,073	8
12/31/2023	4,497	507	675	952	N/A
9/30/2023	4,311	533	672	961	N/A
6/30/2023	4,132	482	749	975	N/A
3/31/2023	3,959	505	616	840	N/A
12/31/2022	3,793	495	734	916	N/A
9/30/2022	3,617	476	626	803	N/A
6/30/2022	3,423	437	522	716	N/A
3/31/2022	3,211	396	669	847	N/A
12/31/2021	2,977	389	400	574	N/A
9/30/2021	2,838	362	282	438	N/A
6/30/2021	2,734	344	218	314	N/A
3/31/2021	2,659	317	120	212	N/A
12/31/2020	2,596	296	287	372	N/A
9/30/2020	2,486	265	361	433	N/A
6/30/2020	2,383	273	422	492	N/A
3/31/2020	2,320	272	333	394	N/A
12/31/2019	2,282	253	285	345	N/A
9/30/2019	2,242	222	275	342	N/A
6/30/2019	2,201	172	341	419	N/A
3/31/2019	2,156	145	320	397	N/A
12/31/2018	2,111	137	335	418	N/A
9/30/2018	2,127	112	331	394	N/A
6/30/2018	2,154	97	279	329	N/A
3/31/2018	2,186	98	263	318	N/A
12/31/2017	2,227	93	278	330	N/A
9/30/2017	2,223	110	N/A	307	N/A
6/30/2017	2,198	127	N/A	315	N/A
3/31/2017	2,192	133	N/A	307	N/A
12/31/2016	2,184	153	N/A	261	N/A
9/30/2016	2,168	118	N/A	236	N/A
6/30/2016	2,095	152	N/A	244	N/A
3/31/2016	2,001	174	N/A	256	N/A
12/31/2015	1,909	196	N/A	313	N/A
9/30/2015	1,831	273	N/A	361	N/A
6/30/2015	1,812	269	N/A	369	N/A
3/31/2015	1,800	273	N/A	356	N/A
12/31/2014	1,772	263	N/A	332	N/A
9/30/2014	1,748	255	N/A	310	N/A
6/30/2014	1,713	243	N/A	281	N/A
3/31/2014	1,669	232	N/A	289	N/A
12/31/2013	1,612	223	N/A	282	N/A
9/30/2013	1,542	229	N/A	287	N/A
6/30/2013	1,491	216	N/A	287	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOTS3's forecast earnings growth (25.3% per year) is above the savings rate (9.8%).

Earnings vs Market: TOTS3's earnings (25.3% per year) are forecast to grow faster than the BR market (13.9% per year).

High Growth Earnings: TOTS3's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TOTS3's revenue (15.2% per year) is forecast to grow faster than the BR market (7.2% per year).

High Growth Revenue: TOTS3's revenue (15.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TOTS3's Return on Equity is forecast to be low in 3 years time (18.5%).

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TOTVS Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 10%

Consensus EPS estimates increase by 36%, revenue downgraded

Consensus EPS estimates fall by 16%, revenue upgraded

Consensus EPS estimates increase by 13%, revenue downgraded

TOTVS S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Price target increased to R$34.50

Recent updates

Earnings Tell The Story For TOTVS S.A. (BVMF:TOTS3)

Is There Now An Opportunity In TOTVS S.A. (BVMF:TOTS3)?

Consensus EPS estimates increase by 10%

Full year 2023 earnings released: EPS: R$0.84 (vs R$0.82 in FY 2022)

Does TOTVS (BVMF:TOTS3) Have A Healthy Balance Sheet?

Investors Still Waiting For A Pull Back In TOTVS S.A. (BVMF:TOTS3)

TOTVS S.A. to Report Q1, 2024 Results on May 08, 2024

Is It Too Late To Consider Buying TOTVS S.A. (BVMF:TOTS3)?

Consensus EPS estimates increase by 36%, revenue downgraded

Third quarter 2023 earnings released: EPS: R$0.71 (vs R$0.22 in 3Q 2022)

If EPS Growth Is Important To You, TOTVS (BVMF:TOTS3) Presents An Opportunity

Investor sentiment improves as stock rises 15%

Consensus EPS estimates fall by 16%, revenue upgraded

Is Now The Time To Look At Buying TOTVS S.A. (BVMF:TOTS3)?

Second quarter 2023 earnings: Revenues miss analyst expectations

Consensus EPS estimates increase by 13%, revenue downgraded

We Think TOTVS (BVMF:TOTS3) Can Manage Its Debt With Ease

Does TOTVS (BVMF:TOTS3) Deserve A Spot On Your Watchlist?

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

At R$26.55, Is It Time To Put TOTVS S.A. (BVMF:TOTS3) On Your Watch List?

TOTVS (BVMF:TOTS3) Seems To Use Debt Rather Sparingly

With EPS Growth And More, TOTVS (BVMF:TOTS3) Makes An Interesting Case

Full year 2022 earnings: Revenues exceed analyst expectations

Is Now The Time To Look At Buying TOTVS S.A. (BVMF:TOTS3)?

Does TOTVS (BVMF:TOTS3) Have A Healthy Balance Sheet?

TOTVS S.A. to Report Q4, 2022 Results on Feb 14, 2023

TOTVS S.A. to Report Q3, 2023 Results on Nov 07, 2023

Here's Why We Think TOTVS (BVMF:TOTS3) Is Well Worth Watching

Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint

What Is TOTVS S.A.'s (BVMF:TOTS3) Share Price Doing?

TOTVS (BVMF:TOTS3) Has A Rock Solid Balance Sheet

Insufficient new directors

Is Now The Time To Put TOTVS (BVMF:TOTS3) On Your Watchlist?

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Is Now The Time To Look At Buying TOTVS S.A. (BVMF:TOTS3)?

Does TOTVS (BVMF:TOTS3) Have A Healthy Balance Sheet?

Does TOTVS (BVMF:TOTS3) Deserve A Spot On Your Watchlist?

TOTVS' (BVMF:TOTS3) Profits Appear To Have Quality Issues

Investor sentiment deteriorated over the past week

TOTVS S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

First quarter 2022 earnings: Revenues exceed analyst expectations

Is There Now An Opportunity In TOTVS S.A. (BVMF:TOTS3)?

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improved over the past week

Third quarter 2021 earnings released

First quarter 2021 earnings released: EPS R$0.14 (vs R$0.11 in 1Q 2020)

Upcoming dividend of R$0.09 per share

Price target increased to R$34.50

Analysts lower EPS estimates to R$0.68

Analysts update estimates

Full year 2020 earnings released: EPS R$0.52 (vs R$0.47 in FY 2019)

Revenue beats expectations, earnings disappoint

New 90-day high: R$30.37

TOTVS S.A. to Report Q3, 2021 Results on Nov 10, 2021

Market bids up stock over the past week

New 90-day high: R$30.49

Revenue beats expectations, earnings disappoint

Third quarter 2020 earnings released: EPS R$0.14

Price target raised to R$32.71

TOTVS S.A. (BOVESPA:TOTS3) made a proposal to acquire Linx S.A. (BOVESPA:LINX3) for BRL 6 billion.

Totvs and Quality Creates Joint Venture Called TQTVD

Price target raised to R$27.85

New 90-day high - R$28.86

Analysts increase EPS estimates to R$0.64

New 90-day high - R$28.82

First half earnings released

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts