Reported Earnings • May 18
First quarter 2026 earnings released First quarter 2026 results: Revenue: R$191.5m (down 10% from 1Q 2025). Net income: R$6.95m (down 15% from 1Q 2025). Profit margin: 3.6% (down from 3.8% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Announcement • May 10
Livetech da Bahia Indústria e Comércio S.A. to Report Q1, 2026 Results on May 12, 2026 Livetech da Bahia Indústria e Comércio S.A. announced that they will report Q1, 2026 results After-Market on May 12, 2026 Reported Earnings • Apr 05
Full year 2025 earnings released: R$3.02 loss per share (vs R$0.45 profit in FY 2024) Full year 2025 results: R$3.02 loss per share (down from R$0.45 profit in FY 2024). Revenue: R$871.8m (up 4.1% from FY 2024). Net loss: R$191.7m (down R$220.4m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 06
Third quarter 2025 earnings released: R$0.041 loss per share (vs R$0.079 profit in 3Q 2024) Third quarter 2025 results: R$0.041 loss per share (down from R$0.079 profit in 3Q 2024). Revenue: R$222.5m (up 4.8% from 3Q 2024). Net loss: R$2.59m (down 151% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to R$3.72, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 35x in the Communications industry globally. Total loss to shareholders of 46% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: R$0.27 loss per share (vs R$0.13 profit in 2Q 2024) Second quarter 2025 results: R$0.27 loss per share (down from R$0.13 profit in 2Q 2024). Revenue: R$222.2m (up 15% from 2Q 2024). Net loss: R$16.8m (down 302% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R$3.15, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 30x in the Communications industry globally. Total loss to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R$3.65, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 29x in the Communications industry globally. Total loss to shareholders of 53% over the past three years. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: R$0.13 (vs R$0.074 in 1Q 2024) First quarter 2025 results: EPS: R$0.13 (up from R$0.074 in 1Q 2024). Revenue: R$213.6m (up 1.9% from 1Q 2024). Net income: R$8.15m (up 72% from 1Q 2024). Profit margin: 3.8% (up from 2.3% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Livetech da Bahia Indústria e Comércio S.A. announces Annual dividend Livetech da Bahia Indústria e Comércio S.A. announced Annual dividend of BRL 0.1900 per share, ex-date on April 30, 2025 and record date on April 29, 2025. Announcement • Apr 01
Livetech da Bahia Indústria e Comércio S.A., Annual General Meeting, Apr 29, 2025 Livetech da Bahia Indústria e Comércio S.A., Annual General Meeting, Apr 29, 2025. New Risk • Mar 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 42% per year over the past 5 years. Minor Risk Market cap is less than US$100m (R$227.8m market cap, or US$39.6m). Reported Earnings • Mar 20
Full year 2024 earnings released Full year 2024 results: Revenue: R$837.9m (down 7.0% from FY 2023). Net income: R$28.7m (up R$40.5m from FY 2023). Profit margin: 3.4% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to R$2.54, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 34x in the Communications industry globally. Total loss to shareholders of 81% over the past three years. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: R$0.079 (vs R$0.013 in 3Q 2023) Third quarter 2024 results: EPS: R$0.079 (up from R$0.013 in 3Q 2023). Revenue: R$212.3m (down 2.5% from 3Q 2023). Net income: R$5.06m (up 492% from 3Q 2023). Profit margin: 2.4% (up from 0.4% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: R$0.13 (vs R$0.055 in 2Q 2023) Second quarter 2024 results: EPS: R$0.13 (up from R$0.055 in 2Q 2023). Revenue: R$193.1m (down 12% from 2Q 2023). Net income: R$8.30m (up 137% from 2Q 2023). Profit margin: 4.3% (up from 1.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 45% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (R$226.6m market cap, or US$40.3m). Price Target Changed • Jun 19
Price target increased by 13% to R$6.00 Up from R$5.30, the current price target is provided by 1 analyst. New target price is 76% above last closing price of R$3.40. Stock is down 49% over the past year. The company posted a net loss per share of R$0.18 last year. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: R$0.074 (vs R$0.10 loss in 1Q 2023) First quarter 2024 results: EPS: R$0.074 (up from R$0.10 loss in 1Q 2023). Revenue: R$209.5m (down 14% from 1Q 2023). Net income: R$4.74m (up R$11.1m from 1Q 2023). Profit margin: 2.3% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Global Communications industry. Reported Earnings • Mar 08
Full year 2023 earnings released: R$0.18 loss per share (vs R$0.36 profit in FY 2022) Full year 2023 results: R$0.18 loss per share (down from R$0.36 profit in FY 2022). Revenue: R$900.7m (down 16% from FY 2022). Net loss: R$11.9m (down 151% from profit in FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Global Communications industry. Price Target Changed • Dec 28
Price target decreased by 19% to R$4.60 Down from R$5.65, the current price target is provided by 1 analyst. New target price is 9.8% above last closing price of R$4.19. Stock is down 29% over the past year. The company posted earnings per share of R$0.36 last year. Price Target Changed • Nov 28
Price target decreased by 9.4% to R$5.30 Down from R$5.85, the current price target is an average from 2 analysts. New target price is 30% above last closing price of R$4.07. Stock is down 22% over the past year. The company posted earnings per share of R$0.36 last year. Reported Earnings • Nov 12
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: R$217.8m (down 19% from 3Q 2022). Net income: R$855.0k (down 94% from 3Q 2022). Profit margin: 0.4% (down from 5.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Global Communications industry. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R$4.80, the stock trades at a trailing P/E ratio of 22x. Average forward P/E is 20x in the Communications industry globally. Total loss to shareholders of 41% over the past year. New Risk • Aug 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.4% Last year net profit margin: 3.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 6.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (R$315.4m market cap, or US$63.5m). New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings have declined by 4.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (R$333.9m market cap, or US$68.1m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: R$0.055 (vs R$0.045 loss in 2Q 2022) Second quarter 2023 results: EPS: R$0.055 (up from R$0.045 loss in 2Q 2022). Revenue: R$219.7m (down 53% from 2Q 2022). Net income: R$3.51m (up R$6.39m from 2Q 2022). Profit margin: 1.6% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Global Communications industry. New Risk • Jun 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.8% net profit margin). Market cap is less than US$100m (R$402.1m market cap, or US$84.2m). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to R$6.85, the stock trades at a trailing P/E ratio of 23.1x. Average forward P/E is 22x in the Communications industry globally. Total returns to shareholders of 3.3% over the past year. Price Target Changed • May 19
Price target increased by 8.3% to R$18.00 Up from R$16.63, the current price target is an average from 3 analysts. New target price is 246% above last closing price of R$5.20. Stock is down 30% over the past year. The company is forecast to post earnings per share of R$2.63 for next year compared to R$0.36 last year. Reported Earnings • May 14
First quarter 2023 earnings released: R$0.10 loss per share (vs R$0.032 loss in 1Q 2022) First quarter 2023 results: R$0.10 loss per share (further deteriorated from R$0.032 loss in 1Q 2022). Revenue: R$244.3m (up 1.3% from 1Q 2022). Net loss: R$6.39m (loss widened 205% from 1Q 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Global Communications industry. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R$5.83, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 18x in the Communications industry globally. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$2.54 per share. Upcoming Dividend • Apr 13
Upcoming dividend of R$0.014 per share at 3.1% yield Eligible shareholders must have bought the stock before 20 April 2023. Payment date: 31 December 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Brazilian dividend payers (8.4%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to R$5.12, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 21x in the Communications industry globally. Total loss to shareholders of 67% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$3.46 per share. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to R$5.65, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 20x in the Communications industry globally. Total loss to shareholders of 54% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$3.47 per share. Reported Earnings • Mar 04
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: R$0.36 (down from R$1.36 in FY 2021). Revenue: R$1.07b (flat on FY 2021). Net income: R$23.2m (down 68% from FY 2021). Profit margin: 2.2% (down from 6.8% in FY 2021). Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 83%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Global Communications industry. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to R$7.95, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 18x in the Communications industry globally. Total loss to shareholders of 48% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$3.82 per share. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 22% share price gain to R$7.10, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 19x in the Communications industry globally. Total loss to shareholders of 48% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$4.07 per share. Reported Earnings • Nov 16
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: R$267.9m (down 7.0% from 3Q 2021). Net income: R$15.2m (up 26% from 3Q 2021). Profit margin: 5.7% (up from 4.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Global Communications industry. Reported Earnings • Nov 13
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: R$267.9m (down 7.0% from 3Q 2021). Net income: R$15.2m (up 26% from 3Q 2021). Profit margin: 5.7% (up from 4.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Global Communications industry. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to R$5.13, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 19x in the Communications industry globally. Total loss to shareholders of 70% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$4.40 per share. Price Target Changed • Oct 08
Price target decreased to R$22.25 Down from R$25.80, the current price target is an average from 4 analysts. New target price is 255% above last closing price of R$6.26. Stock is down 67% over the past year. The company is forecast to post earnings per share of R$2.15 for next year compared to R$1.36 last year. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to R$6.42, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 19x in the Communications industry globally. Total loss to shareholders of 71% over the past year. Simply Wall St's valuation model estimates the intrinsic value at R$5.43 per share. Price Target Changed • Sep 02
Price target decreased to R$25.80 Down from R$30.50, the current price target is an average from 2 analysts. New target price is 252% above last closing price of R$7.33. Stock is down 70% over the past year. The company is forecast to post earnings per share of R$2.15 for next year compared to R$1.36 last year. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 17% share price gain to R$8.01, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 20x in the Communications industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$8.25 per share. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to R$7.13, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 19x in the Communications industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$8.28 per share. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 19% share price gain to R$7.97, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 20x in the Communications industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$9.28 per share. Reported Earnings • May 19
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: R$0.033 loss per share (down from R$0.21 profit in 1Q 2021). Revenue: R$241.2m (up 6.9% from 1Q 2021). Net loss: R$2.09m (down 122% from profit in 1Q 2021). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 34%, compared to a 13% growth forecast for the industry in Brazil. Buying Opportunity • May 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 52%. The fair value is estimated to be R$8.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 133% in the next 2 years. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorated over the past week After last week's 21% share price decline to R$9.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 20x in the Communications industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$8.92 per share. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 15% share price gain to R$13.70, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 24x in the Communications industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$8.36 per share. Reported Earnings • Mar 12
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: R$1.36 (down from R$1.58 in FY 2020). Revenue: R$1.07b (up 49% from FY 2020). Net income: R$72.5m (up 2.6% from FY 2020). Profit margin: 6.8% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 94%. Over the next year, revenue is forecast to grow 28%, compared to a 14% growth forecast for the industry in Brazil. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment deteriorated over the past week After last week's 20% share price decline to R$13.69, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 28x in the Communications industry globally. Simply Wall St's valuation model estimates the intrinsic value at R$8.07 per share. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 17% share price gain to R$18.06, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 26x in the Communications industry globally.