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Estácio Participações

OTCPK:ECPC.Y
Snowflake Description

Outstanding track record and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECPC.Y
OTCPK
R$8B
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Estácio Participações S.A. operates as a post-secondary education company in Brazil. The last earnings update was 33 days ago. More info.


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ECPC.Y Share Price and Events
7 Day Returns
-0.9%
OTCPK:ECPC.Y
-0.1%
US Consumer Services
0.4%
US Market
1 Year Returns
-31.8%
OTCPK:ECPC.Y
2.3%
US Consumer Services
6.8%
US Market
ECPC.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Estácio Participações (ECPC.Y) -0.9% -2.3% -13.9% -31.8% 94% -33%
US Consumer Services -0.1% 5.1% 17.6% 2.3% 103.8% 127%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • ECPC.Y underperformed the Consumer Services industry which returned 2.3% over the past year.
  • ECPC.Y underperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
ECPC.Y
Industry
5yr Volatility vs Market

ECPC.Y Value

 Is Estácio Participações undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Estácio Participações to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Estácio Participações.

OTCPK:ECPC.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ECPC.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.977 (1 + (1- 34%) (10.09%))
1.028
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.028 * 5.96%)
8.86%

Discounted Cash Flow Calculation for OTCPK:ECPC.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Estácio Participações is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:ECPC.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 8.86%)
2019 509.00 Analyst x1 467.57
2020 659.50 Analyst x2 556.52
2021 1,024.00 Analyst x1 793.78
2022 1,105.95 Est @ 8% 787.52
2023 1,176.95 Est @ 6.42% 769.88
2024 1,239.49 Est @ 5.31% 744.80
2025 1,295.75 Est @ 4.54% 715.23
2026 1,347.52 Est @ 4% 683.28
2027 1,396.25 Est @ 3.62% 650.37
2028 1,443.03 Est @ 3.35% 617.45
Present value of next 10 years cash flows R$6,786.40
OTCPK:ECPC.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= R$1,443.03 × (1 + 2.73%) ÷ (8.86% – 2.73%)
R$24,184.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$24,184.06 ÷ (1 + 8.86%)10
R$10,347.98
OTCPK:ECPC.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$6,786.40 + R$10,347.98
R$17,134.38
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$17,134.38 / 300.11
R$57.09
OTCPK:ECPC.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ECPC.Y represents 0.25718x of BOVESPA:ESTC3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.25718x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 57.09 x 0.25718
$14.68
Value per share (USD) From above. $14.68
Current discount Discount to share price of $6.99
= -1 x ($6.99 - $14.68) / $14.68
52.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Estácio Participações is available for.
Intrinsic value
>50%
Share price is $6.99 vs Future cash flow value of $14.68
Current Discount Checks
For Estácio Participações to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Estácio Participações's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Estácio Participações's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Estácio Participações's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Estácio Participações's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ECPC.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in BRL R$2.11
BOVESPA:ESTC3 Share Price ** BOVESPA (2019-04-16) in BRL R$27.16
United States of America Consumer Services Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Services Companies 28.6x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Estácio Participações.

OTCPK:ECPC.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:ESTC3 Share Price ÷ EPS (both in BRL)

= 27.16 ÷ 2.11

12.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Estácio Participações is good value based on earnings compared to the US Consumer Services industry average.
  • Estácio Participações is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Estácio Participações's expected growth come at a high price?
Raw Data
OTCPK:ECPC.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
17%per year
United States of America Consumer Services Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Services Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:ECPC.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.85x ÷ 17%

0.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Estácio Participações is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Estácio Participações's assets?
Raw Data
OTCPK:ECPC.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in BRL R$8.63
BOVESPA:ESTC3 Share Price * BOVESPA (2019-04-16) in BRL R$27.16
United States of America Consumer Services Industry PB Ratio Median Figure of 48 Publicly-Listed Consumer Services Companies 2.66x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
OTCPK:ECPC.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:ESTC3 Share Price ÷ Book Value per Share (both in BRL)

= 27.16 ÷ 8.63

3.15x

* Primary Listing of Estácio Participações.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Estácio Participações is overvalued based on assets compared to the US Consumer Services industry average.
X
Value checks
We assess Estácio Participações's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. Estácio Participações has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ECPC.Y Future Performance

 How is Estácio Participações expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Estácio Participações expected to grow at an attractive rate?
  • Estácio Participações's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Estácio Participações's earnings growth is expected to exceed the United States of America market average.
  • Estácio Participações's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ECPC.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ECPC.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 17%
OTCPK:ECPC.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.6%
United States of America Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 33.6%
United States of America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ECPC.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ECPC.Y Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,967 1
2021-12-31 4,139 1,336 1,097 4
2020-12-31 3,877 939 950 9
2019-12-31 3,731 864 819 7
OTCPK:ECPC.Y Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2018-12-31 3,619 1,057 645
2018-09-30 3,591 863 616
2018-06-30 3,546 673 571
2018-03-31 3,496 759 500
2017-12-31 3,379 908 425
2017-09-30 3,337 1,068 562
2017-06-30 3,292 695 548
2017-03-31 3,211 635 361
2016-12-31 3,185 837 368
2016-09-30 3,124 628 297
2016-06-30 3,070 459 288
2016-03-31 3,018 431 442

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Estácio Participações's earnings are expected to grow by 17% yearly, however this is not considered high growth (20% yearly).
  • Estácio Participações's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ECPC.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Estácio Participações Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ECPC.Y Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 3.57 3.92 3.09 3.00
2020-12-31 3.17 3.58 2.81 6.00
2019-12-31 2.72 2.90 2.53 5.00
OTCPK:ECPC.Y Past Financials Data
Date (Data in BRL Millions) EPS *
2018-12-31 2.11
2018-09-30 2.00
2018-06-30 1.85
2018-03-31 1.63
2017-12-31 1.37
2017-09-30 1.81
2017-06-30 1.75
2017-03-31 1.14
2016-12-31 1.16
2016-09-30 0.94
2016-06-30 0.91
2016-03-31 1.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Estácio Participações is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Estácio Participações's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Estácio Participações has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ECPC.Y Past Performance

  How has Estácio Participações performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Estácio Participações's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Estácio Participações's year on year earnings growth rate has been positive over the past 5 years.
  • Estácio Participações's 1-year earnings growth exceeds its 5-year average (51.9% vs 11.6%)
  • Estácio Participações's earnings growth has exceeded the US Consumer Services industry average in the past year (51.9% vs -1.2%).
Earnings and Revenue History
Estácio Participações's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Estácio Participações Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ECPC.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,619.38 644.87 1,025.98
2018-09-30 3,590.81 615.79 996.94
2018-06-30 3,546.00 570.76 960.66
2018-03-31 3,495.68 500.12 914.60
2017-12-31 3,378.98 424.59 900.19
2017-09-30 3,337.39 561.68 772.48
2017-06-30 3,292.38 548.09 769.61
2017-03-31 3,210.62 361.45 843.88
2016-12-31 3,184.51 368.10 833.76
2016-09-30 3,124.28 297.13 940.56
2016-06-30 3,070.22 288.05 930.17
2016-03-31 3,017.80 441.73 850.13
2015-12-31 2,931.47 440.28 778.15
2015-09-30 2,847.20 467.85 700.28
2015-06-30 2,762.95 474.24 648.87
2015-03-31 2,572.83 426.92 589.57
2014-12-31 2,404.46 425.65 578.69
2014-09-30 2,188.10 389.86 515.18
2014-06-30 2,001.53 343.14 477.64
2014-03-31 1,855.96 303.83 450.24
2013-12-31 1,731.01 244.71 433.94
2013-09-30 1,656.67 214.39 416.64
2013-06-30 1,568.13 167.99 402.47
2013-03-31 1,465.99 136.39 377.89
2012-12-31 1,383.29 109.69 359.67
2012-09-30 1,316.05 98.51 344.58
2012-06-30 1,254.70 91.93 317.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Estácio Participações has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Estácio Participações used its assets more efficiently than the US Consumer Services industry average last year based on Return on Assets.
  • Estácio Participações has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Estácio Participações's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Estácio Participações has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ECPC.Y Health

 How is Estácio Participações's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Estácio Participações's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Estácio Participações is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Estácio Participações's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Estácio Participações's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Estácio Participações Company Filings, last reported 3 months ago.

OTCPK:ECPC.Y Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,591.41 817.22 801.76
2018-09-30 3,123.34 428.09 770.59
2018-06-30 3,099.62 426.39 400.95
2018-03-31 2,926.24 572.15 621.14
2017-12-31 2,777.26 567.32 519.63
2017-09-30 2,886.39 856.41 709.47
2017-06-30 2,735.40 1,033.71 542.26
2017-03-31 2,559.51 1,041.00 452.57
2016-12-31 2,434.67 1,022.53 399.72
2016-09-30 2,819.81 811.17 498.95
2016-06-30 2,676.21 795.98 338.20
2016-03-31 2,808.33 813.22 189.17
2015-12-31 2,572.97 1,049.65 307.92
2015-09-30 2,736.91 1,045.41 337.67
2015-06-30 2,573.98 795.41 306.66
2015-03-31 2,425.00 811.52 435.20
2014-12-31 2,392.86 589.17 333.94
2014-09-30 2,420.76 290.87 215.50
2014-06-30 1,751.96 269.00 302.28
2014-03-31 1,647.12 280.05 269.29
2013-12-31 1,517.64 274.91 268.65
2013-09-30 1,528.25 279.97 307.06
2013-06-30 1,431.19 274.00 322.41
2013-03-31 1,371.34 278.82 298.86
2012-12-31 707.04 279.72 72.11
2012-09-30 716.72 287.71 150.93
2012-06-30 679.13 258.36 167.66
  • Estácio Participações's level of debt (31.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.1% vs 31.5% today).
  • Debt is well covered by operating cash flow (129.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 34.6x coverage).
X
Financial health checks
We assess Estácio Participações's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Estácio Participações has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ECPC.Y Dividends

 What is Estácio Participações's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.88%
Current annual income from Estácio Participações dividends. Estimated to be 5.33% next year.
If you bought $2,000 of Estácio Participações shares you are expected to receive $38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Estácio Participações's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • Estácio Participações's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ECPC.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:ECPC.Y Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 2.41 3.00
2020-12-31 1.36 7.00
2019-12-31 1.07 6.00
OTCPK:ECPC.Y Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.510 1.889
2018-03-16 0.326 1.254
2018-03-15 0.326 0.934
2017-03-16 0.283 1.255
2016-11-10 0.375 2.399
2016-08-12 0.375 2.070
2016-03-11 0.374 2.722
2015-03-19 0.323 2.140
2014-03-20 0.198 0.828
2013-03-28 0.106 0.601
2013-03-26 0.106 0.721
2012-08-09 0.068 0.529
2012-08-08 0.068 0.741
2012-03-01 0.068 0.884
2011-03-17 0.156 2.377
2011-03-16 0.156 1.775
2010-10-01 0.130 1.538
2010-09-27 0.130 2.013
2010-09-14 0.130 2.030
2010-03-18 0.130 1.935

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Estácio Participações has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Estácio Participações only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Estácio Participações's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Estácio Participações's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Estácio Participações afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Estácio Participações has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ECPC.Y Management

 What is the CEO of Estácio Participações's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eduardo Menezes
TENURE AS CEO 0.3 years
CEO Bio

Mr. Eduardo Parente Menezes has been Chief Executive Officer and Member of Board of Executive Officers at Estácio Participações S.A. since December 17, 2018. Mr. Menezes served as a Director at Bradespar S.A. He holds a Degree in Production Engineering from the Federal University of Rio de Janeiro, and a Master's Degree in Business Administration from New York University - NYU. He was previously the CEO of Companhia Siderúrgica do Pecém (CSP), Prumo Logística S.A. (controller of the Port of Açu) and MRS Logística S.A. He was also the Director for Special Projects for Vale S.A. and partner of McKinsey & Company. He was a member of the Board of Directors of Bradespar, CSP, VLI, among others, and a member of Alcoa Latam's Advisory Board.

CEO Compensation
  • Insufficient data for Eduardo to compare compensation growth.
  • Insufficient data for Eduardo to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Estácio Participações management team in years:

0.8
Average Tenure
  • The average tenure for the Estácio Participações management team is less than 2 years, this suggests a new team.
Management Team

Eduardo Menezes

TITLE
CEO & Member of Board of Executive Officers
TENURE
0.3 yrs

Gustavo Artur Zeno

TITLE
Vice President of Finance & Investor Relations and Member of Board of Executive Officers
TENURE
1.1 yrs

Hudson De Oliveira Mello

TITLE
Chief Academic Officer
TENURE
2.5 yrs

Jose Alves

TITLE
VP of Marketing & Member of Board of Executive Officers

Cláudia Romano

TITLE
VP of Sustainability & Institutional Relations and Member of Board of Executive Officers
TENURE
2 yrs

Adriano Pistore

TITLE
Vice President of Presence Operations & Member of Board of Executive Officers
TENURE
0.8 yrs

Rossano Marques

TITLE
VP of Corporate
TENURE
0.8 yrs

Alexandre Aguieiras

TITLE
Member of Board of Executive Officers & VP of Distance Learning
TENURE
0.2 yrs

Rogério Tostes

TITLE
Director of Investor Relation
Board of Directors Tenure

Average tenure and age of the Estácio Participações board of directors in years:

2.2
Average Tenure
68
Average Age
  • The average tenure for the Estácio Participações board of directors is less than 3 years, this suggests a new board.
Board of Directors

Juan Zucchini

TITLE
Chairman
AGE
46
TENURE
1 yrs

Maurício Luchetti

TITLE
Vice Chairman of the Board
TENURE
3 yrs

Osvaldo Schirmer

TITLE
Independent Director
AGE
68
TENURE
3 yrs

Jackson de Farias Schneider

TITLE
Independent Director
AGE
53
TENURE
3 yrs

Luiz Roberto Curi

TITLE
Independent Director
TENURE
2.8 yrs

Brenno de Souza

TITLE
Independent Director
TENURE
1.6 yrs

Igor Xavier Lima

TITLE
Independent Director
TENURE
1 yrs

Flavio Benício Ferreira

TITLE
Independent Director
TENURE
1 yrs

Emanuel Sotelino Schifferle

TITLE
Councillor
AGE
78

Pedro Wagner Coelho

TITLE
Councillor
AGE
70
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Estácio Participações's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Estácio Participações has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ECPC.Y News

Simply Wall St News

ECPC.Y Company Info

Description

Estácio Participações S.A. operates as a post-secondary education company in Brazil. The company offers undergraduate on-campus and distance-learning courses in exact sciences, biological sciences, and humanities; and sensu lato and sensu stricto graduate, masters, and doctoral programs, as well as extension courses. It operates through 1 university, 9 university centers, 49 colleges, and 394 distance-learning centers in Brazilian states, as well as in the Federal District. Estácio Participações S.A. was founded in 1970 and is headquartered in Rio de Janeiro, Brazil.

Details
Name: Estácio Participações S.A.
ECPC.Y
Exchange: OTCPK
Founded: 1970
R$2,081,013,073
300,112,915
Website: http://www.estacioparticipacoes.com.br
Address: Estácio Participações S.A.
Avenida Venezuela, 43,
6th floor,
Rio de Janeiro,
Rio de Janeiro, 20081-311,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA ESTC3 Common Stock Bolsa de Valores de Sao Paulo BR BRL 11. Jul 2008
OTCPK ECPC.Y SPONSORED ADR Pink Sheets LLC US USD 20. May 2011
Number of employees
Current staff
Staff numbers
11,851
Estácio Participações employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 00:36
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.