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ECOR

EcoRodovias Infraestrutura e Logística BOVESPA:ECOR3 Stock Report

Last Price

R$6.56

Market Cap

R$4.6b

7D

3.8%

1Y

-30.3%

Updated

15 Aug, 2022

Data

Company Financials +
ECOR3 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health2/6
Dividends0/6

ECOR3 Stock Overview

EcoRodovias Infraestrutura e Logística S.A.

EcoRodovias Infraestrutura e Logística Competitors

Price History & Performance

Summary of all time highs, changes and price drops for EcoRodovias Infraestrutura e Logística
Historical stock prices
Current Share PriceR$6.56
52 Week HighR$10.27
52 Week LowR$5.08
Beta0.96
1 Month Change25.43%
3 Month Change6.15%
1 Year Change-30.29%
3 Year Change-44.17%
5 Year Change-36.86%
Change since IPO-30.95%

Recent News & Updates

Aug 05
Is EcoRodovias Infraestrutura e Logística (BVMF:ECOR3) Using Too Much Debt?

Is EcoRodovias Infraestrutura e Logística (BVMF:ECOR3) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Jun 08
At R$6.91, Is EcoRodovias Infraestrutura e Logística S.A. (BVMF:ECOR3) Worth Looking At Closely?

At R$6.91, Is EcoRodovias Infraestrutura e Logística S.A. (BVMF:ECOR3) Worth Looking At Closely?

EcoRodovias Infraestrutura e Logística S.A. ( BVMF:ECOR3 ), might not be a large cap stock, but it saw a significant...

Shareholder Returns

ECOR3BR InfrastructureBR Market
7D3.8%3.9%1.6%
1Y-30.3%14.4%-17.1%

Return vs Industry: ECOR3 underperformed the BR Infrastructure industry which returned 13% over the past year.

Return vs Market: ECOR3 underperformed the BR Market which returned -18.9% over the past year.

Price Volatility

Is ECOR3's price volatile compared to industry and market?
ECOR3 volatility
ECOR3 Average Weekly Movement6.1%
Infrastructure Industry Average Movement5.9%
Market Average Movement6.0%
10% most volatile stocks in BR Market9.5%
10% least volatile stocks in BR Market2.5%

Stable Share Price: ECOR3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ECOR3's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20004,692Marcello Guidottihttps://www.ecorodovias.com.br

EcoRodovias Infraestrutura e Logística S.A. engages in operating roads, ports, and logistics service concession assets in Brazil. It operates through Concessions, Holding and Services, Ports, and Logistics segments. The company operates highway concessions that connect industrial, production, consumption, and tourist centers, as well as three Brazilian ports located in Santos, Paranaguá, and Rio Grande; and provides access to other countries of the Mercosur.

EcoRodovias Infraestrutura e Logística Fundamentals Summary

How do EcoRodovias Infraestrutura e Logística's earnings and revenue compare to its market cap?
ECOR3 fundamental statistics
Market CapR$4.56b
Earnings (TTM)R$165.59m
Revenue (TTM)R$5.02b

27.6x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ECOR3 income statement (TTM)
RevenueR$5.02b
Cost of RevenueR$3.32b
Gross ProfitR$1.71b
Other ExpensesR$1.54b
EarningsR$165.59m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 07, 2022

Earnings per share (EPS)0.24
Gross Margin33.97%
Net Profit Margin3.30%
Debt/Equity Ratio430.6%

How did ECOR3 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ECOR3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ECOR3?

Other financial metrics that can be useful for relative valuation.

ECOR3 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/Revenue2.7x
Enterprise Value/EBITDA6.8x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does ECOR3's PE Ratio compare to its peers?

ECOR3 PE Ratio vs Peers
The above table shows the PE ratio for ECOR3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.8x
CCRO3 CCR
7.8x-29.8%R$29.4b
TPIS3 Triunfo Participações e Investimentos
9.7xn/aR$260.3m
PORT3 Wilson Sons Holdings Brasil
17.4xn/aR$3.9b
STBP3 Santos Brasil Participações
20.2x16.0%R$6.8b
ECOR3 EcoRodovias Infraestrutura e Logística
27.6x51.1%R$4.6b

Price-To-Earnings vs Peers: ECOR3 is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (13.8x).


Price to Earnings Ratio vs Industry

How does ECOR3's PE Ratio compare vs other companies in the Global Infrastructure Industry?

Price-To-Earnings vs Industry: ECOR3 is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the BR Infrastructure industry average (17.1x)


Price to Earnings Ratio vs Fair Ratio

What is ECOR3'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.

ECOR3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.6x
Fair PE Ratio36x

Price-To-Earnings vs Fair Ratio: ECOR3 is good value based on its Price-To-Earnings Ratio (27.6x) compared to the estimated Fair Price-To-Earnings Ratio (36x).


Share Price vs Fair Value

What is the Fair Price of ECOR3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ECOR3 (R$6.56) is trading below our estimate of fair value (R$23.24)

Significantly Below Fair Value: ECOR3 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is EcoRodovias Infraestrutura e Logística forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


51.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ECOR3's forecast earnings growth (51.1% per year) is above the savings rate (9.2%).

Earnings vs Market: ECOR3's earnings (51.1% per year) are forecast to grow faster than the BR market (7.7% per year).

High Growth Earnings: ECOR3's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ECOR3's revenue (8.2% per year) is forecast to grow faster than the BR market (5.6% per year).

High Growth Revenue: ECOR3's revenue (8.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ECOR3's Return on Equity is forecast to be low in 3 years time (17.1%).


Discover growth companies

Past Performance

How has EcoRodovias Infraestrutura e Logística 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


-33.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ECOR3 has high quality earnings.

Growing Profit Margin: ECOR3 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ECOR3's earnings have declined by 33.8% per year over the past 5 years.

Accelerating Growth: ECOR3 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ECOR3 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Infrastructure industry (85.6%).


Return on Equity

High ROE: ECOR3's Return on Equity (6.5%) is considered low.


Discover strong past performing companies

Financial Health

How is EcoRodovias Infraestrutura e Logística's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ECOR3's short term assets (R$1.7B) do not cover its short term liabilities (R$2.4B).

Long Term Liabilities: ECOR3's short term assets (R$1.7B) do not cover its long term liabilities (R$11.2B).


Debt to Equity History and Analysis

Debt Level: ECOR3's net debt to equity ratio (381.8%) is considered high.

Reducing Debt: ECOR3's debt to equity ratio has reduced from 761.3% to 430.6% over the past 5 years.

Debt Coverage: ECOR3's debt is not well covered by operating cash flow (17.4%).

Interest Coverage: ECOR3's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


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Dividend

What is EcoRodovias Infraestrutura e Logística current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.27%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ECOR3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ECOR3'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 ECOR3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ECOR3's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: ECOR3 is not paying a notable dividend for the BR market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ECOR3 has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.08yrs

Average management tenure


CEO

Marcello Guidotti (52 yo)

17.58yrs

Tenure

Mr. Marcello Guidotti serves as the Chief Financial & Investor Relations Officer of Ecorodovias Concessões e Serviços S.A. Mr. Guidotti serves as Executive Director of Finance, Investor Relations & People...


Leadership Team

Experienced Management: ECOR3's management team is not considered experienced ( 0.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: ECOR3's board of directors are considered experienced (3.1 years average tenure).


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

EcoRodovias Infraestrutura e Logística S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: EcoRodovias Infraestrutura e Logística S.A.
  • Ticker: ECOR3
  • Exchange: BOVESPA
  • Founded: 2000
  • Industry: Highways and Railtracks
  • Sector: Transportation
  • Implied Market Cap: R$4.563b
  • Shares outstanding: 695.62m
  • Website: https://www.ecorodovias.com.br

Number of Employees


Location

  • EcoRodovias Infraestrutura e Logística S.A.
  • Rua Gomes de Carvalho
  • 1.510 - conjuntos 31 e 32
  • São Paulo
  • São Paulo
  • 04547-005
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/06/30
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.