Wilson Sons Holdings Brasil (BOVESPA:PORT3) - Share price, News & Analysis

Q: What is the Fair Price of PORT3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

PORT3 (R$8.77) is trading above our estimate of [[fair value]] (R$4.48)

PORT3 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	4/6
Dividends	3/6

PORT3 Stock Overview

Wilson Sons Holdings Brasil S.A., through its subsidiary, Wilson Sons Limited, provides port and maritime logistics services in Brazil.

Risk Analysis

Has a high level of debt

Unstable dividend track record

Wilson Sons Holdings Brasil Competitors

Santos Brasil Participações

BOVESPA:STBP3

R$6.7b

EcoRodovias Infraestrutura e Logística

BOVESPA:ECOR3

R$4.5b

Log-In Logística Intermodal

BOVESPA:LOGN3

R$4.0b

Movida Participações

BOVESPA:MOVI3

R$5.2b

Price History & Performance

Summary of all time highs, changes and price drops for Wilson Sons Holdings Brasil
Historical stock prices
Current Share Price	R$8.77
52 Week High	R$12.25
52 Week Low	R$7.20
Beta	0
1 Month Change	19.00%
3 Month Change	-5.19%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-25.89%

Shareholder Returns

	PORT3	BR Infrastructure	BR Market
7D	-1.1%	6.2%	2.8%
1Y	n/a	13.0%	-18.9%

Return vs Industry: Insufficient data to determine how PORT3 performed against the BR Infrastructure industry.

Return vs Market: Insufficient data to determine how PORT3 performed against the BR Market.

Price Volatility

Is PORT3's price volatile compared to industry and market?
PORT3 volatility
PORT3 Average Weekly Movement	4.9%
Infrastructure Industry Average Movement	5.9%
Market Average Movement	6.0%
10% most volatile stocks in BR Market	9.5%
10% least volatile stocks in BR Market	2.5%

Stable Share Price: PORT3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PORT3's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1837	n/a	Fernando Salek	https://www.wilsonsons.com.br/pt/grupo

Wilson Sons Holdings Brasil S.A., through its subsidiary, Wilson Sons Limited, provides port and maritime logistics services in Brazil. The company manages two container terminals, such as Rio Grande and Salvador container terminals. Its bonded warehousing, inventory management, distribution, transport management, and foreign trade solutions, as well as supply chain solutions.

Wilson Sons Holdings Brasil Fundamentals Summary

How do Wilson Sons Holdings Brasil's earnings and revenue compare to its market cap?
PORT3 fundamental statistics
Market Cap	R$3.84b
Earnings (TTM)	R$225.26m
Revenue (TTM)	R$2.19b

17.1x

P/E Ratio

1.8x

P/S Ratio

Is PORT3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PORT3 income statement (TTM)
Revenue	R$2.19b
Cost of Revenue	R$1.21b
Gross Profit	R$982.58m
Other Expenses	R$757.31m
Earnings	R$225.26m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 09, 2022

Earnings per share (EPS)	0.51
Gross Margin	44.86%
Net Profit Margin	10.28%
Debt/Equity Ratio	70.9%

How did PORT3 perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

87%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is PORT3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 PORT3?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for PORT3. This is calculated by dividing PORT3's market cap by their current preferred multiple.
What is PORT3's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	R$3.84b

PORT3 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/Revenue	2.9x
Enterprise Value/EBITDA	8.1x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does PORT3's PE Ratio compare to its peers?

PORT3 PE Ratio vs Peers

The above table shows the PE ratio for PORT3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	19.3x
STBP3 Santos Brasil Participações	19.9x	16.0%	R$6.7b
ECOR3 EcoRodovias Infraestrutura e Logística	27.4x	51.1%	R$4.5b
LOGN3 Log-In Logística Intermodal	24.2x	n/a	R$4.0b
MOVI3 Movida Participações	5.3x	14.2%	R$5.2b
PORT3 Wilson Sons Holdings Brasil	17.1x	n/a	R$3.8b

Price-To-Earnings vs Peers: PORT3 is good value based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (17.3x).

Price to Earnings Ratio vs Industry

How does PORT3's PE Ratio compare vs other companies in the Global Infrastructure Industry?

Price-To-Earnings vs Industry: PORT3 is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the BR Infrastructure industry average (17.1x)

Price to Earnings Ratio vs Fair Ratio

What is PORT3'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.

PORT3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PORT3's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of PORT3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PORT3 (R$8.77) is trading above our estimate of fair value (R$4.48)

Significantly Below Fair Value: PORT3 is trading above our estimate of fair value.

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 there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Future Growth

How is Wilson Sons Holdings Brasil forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

4.3%

Forecasted Transportation industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wilson Sons Holdings Brasil has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Examine Wilson Sons Holdings Brasil's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Wilson Sons Holdings Brasil 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

1.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PORT3 has high quality earnings.

Growing Profit Margin: PORT3's current net profit margins (10.3%) are lower than last year (12.5%).

Past Earnings Growth Analysis

Earnings Trend: PORT3's earnings have grown by 1.2% per year over the past 5 years.

Accelerating Growth: PORT3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PORT3 had negative earnings growth (-8.9%) over the past year, making it difficult to compare to the Infrastructure industry average (85.6%).

Return on Equity

High ROE: PORT3's Return on Equity (10.4%) is considered low.

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Financial Health

How is Wilson Sons Holdings Brasil's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: PORT3's short term assets (R$716.8M) exceed its short term liabilities (R$716.6M).

Long Term Liabilities: PORT3's short term assets (R$716.8M) do not cover its long term liabilities (R$2.5B).

Debt to Equity History and Analysis

Debt Level: PORT3's net debt to equity ratio (64.2%) is considered high.

Reducing Debt: PORT3's debt to equity ratio has reduced from 72% to 70.9% over the past 5 years.

Debt Coverage: PORT3's debt is well covered by operating cash flow (33.2%).

Interest Coverage: PORT3's interest payments on its debt are well covered by EBIT (3.6x coverage).

Balance Sheet

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Dividend

What is Wilson Sons Holdings Brasil 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
Cash Flow Coverage

5.10%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PORT3's dividend (5.1%) is higher than the bottom 25% of dividend payers in the BR market (1.55%).

High Dividend: PORT3's dividend (5.1%) is low compared to the top 25% of dividend payers in the BR market (7.35%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether PORT3's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PORT3's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (86.7%), PORT3's payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (89%), PORT3's dividend payments are covered by cash flows.

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Management

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

5.8yrs

Average board tenure

CEO

Fernando Salek

no data

Tenure

Mr. Fernando Fleury Salek serves as Chief Executive Officer of Wilson Sons Holdings Brasil S.A. Mr. Salek was Chief Executive Officer of Operations in Brazil at Wilson Sons Limited since March 5, 2021 an...

Board Members

Experienced Board: PORT3's board of directors are considered experienced (5.8 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: PORT3 only recently listed within the past 12 months, with total shares outstanding growing by 501.3% in the past year..

Data	Last Updated (UTC time)
Company Analysis	2022/08/14 00:00
End of Day Share Price	2022/08/12 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31