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BR Malls Participações

OTCPK:BRMS.Y
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRMS.Y
OTCPK
R$10B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

BR Malls Participações S.A. operates as a shopping mall company in Brazil. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
  • BR Malls Participações has significant price volatility in the past 3 months.
BRMS.Y Share Price and Events
7 Day Returns
0%
OTCPK:BRMS.Y
-0.4%
US Real Estate
-1.4%
US Market
1 Year Returns
-0.1%
OTCPK:BRMS.Y
-15.8%
US Real Estate
1.6%
US Market
BRMS.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BR Malls Participações (BRMS.Y) 0% -3.3% -22.2% -0.1% -4.7% -47.8%
US Real Estate -0.4% -8.9% -10.6% -15.8% 14.9% 0.8%
US Market -1.4% -3.9% 0.1% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • BRMS.Y outperformed the Real Estate industry which returned -15.8% over the past year.
  • BRMS.Y underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
BRMS.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for BR Malls Participações's competitors could be found in our database.

BRMS.Y Value

 Is BR Malls 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 BR Malls 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 BR Malls Participações.

OTCPK:BRMS.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 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
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:BRMS.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.111 (1 + (1- 34%) (30.91%))
1.226
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.226 * 5.96%)
10.04%

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

The calculations below outline how an intrinsic value for BR Malls 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:BRMS.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 10.04%)
2019 532.00 Analyst x1 483.47
2020 605.00 Analyst x2 499.65
2021 746.00 Analyst x1 559.90
2022 761.99 Est @ 2.14% 519.72
2023 779.66 Est @ 2.32% 483.27
2024 798.70 Est @ 2.44% 449.91
2025 818.90 Est @ 2.53% 419.20
2026 840.10 Est @ 2.59% 390.82
2027 862.21 Est @ 2.63% 364.52
2028 885.15 Est @ 2.66% 340.08
Present value of next 10 years cash flows R$4,510.54
OTCPK:BRMS.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= R$885.15 × (1 + 2.73%) ÷ (10.04% – 2.73%)
R$12,442.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$12,442.29 ÷ (1 + 10.04%)10
R$4,780.38
OTCPK:BRMS.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$4,510.54 + R$4,780.38
R$9,290.92
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$9,290.92 / 843.12
R$11.02
OTCPK:BRMS.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:BRMS.Y represents 0.46562x of BOVESPA:BRML3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.46562x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 11.02 x 0.46562
$5.13
Value per share (USD) From above. $5.13
Current discount Discount to share price of $5.62
= -1 x ($5.62 - $5.13) / $5.13
-9.5%

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

  • The current share price of BR Malls Participações is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 BR Malls Participações's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BR Malls Participações's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:BRMS.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in BRL R$1.24
BOVESPA:BRML3 Share Price ** BOVESPA (2019-05-16) in BRL R$12.07
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.15x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 17.45x

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

** Primary Listing of BR Malls Participações.

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

= BOVESPA:BRML3 Share Price ÷ EPS (both in BRL)

= 12.07 ÷ 1.24

9.76x

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

  • BR Malls Participações is good value based on earnings compared to the US Real Estate industry average.
  • BR Malls Participações is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does BR Malls Participações's expected growth come at a high price?
Raw Data
OTCPK:BRMS.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-5.6%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.76x ÷ -5.6%

-1.74x

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

  • BR Malls Participações earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BR Malls Participações's assets?
Raw Data
OTCPK:BRMS.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in BRL R$12.62
BOVESPA:BRML3 Share Price * BOVESPA (2019-05-16) in BRL R$12.07
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,208 Publicly-Listed Companies 1.8x
OTCPK:BRMS.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:BRML3 Share Price ÷ Book Value per Share (both in BRL)

= 12.07 ÷ 12.62

0.96x

* Primary Listing of BR Malls Participações.

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

  • BR Malls Participações is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess BR Malls 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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. BR Malls Participações has a total score of 3/6, 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.

BRMS.Y Future Performance

 How is BR Malls Participações expected to perform in the next 1 to 3 years based on estimates from 8 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
-5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BR Malls Participações expected to grow at an attractive rate?
  • BR Malls Participações's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • BR Malls Participações's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • BR Malls Participações's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:BRMS.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:BRMS.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -5.6%
OTCPK:BRMS.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 7.8%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:BRMS.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:BRMS.Y Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,537 935 738 4
2020-12-31 1,463 863 699 8
2019-12-31 1,329 996 603 5
OTCPK:BRMS.Y Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2019-03-31 1,244 750 1,043
2018-12-31 1,231 721 1,014
2018-09-30 1,243 661 -366
2018-06-30 1,219 700 -457
2018-03-31 1,222 764 -741
2017-12-31 1,252 791 -796
2017-09-30 1,225 834 -292
2017-06-30 1,260 825 -258
2017-03-31 1,191 793 112
2016-12-31 1,192 787 171
2016-09-30 1,170 810 346
2016-06-30 1,199 899 91

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BR Malls Participações's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • BR Malls Participações's revenue is expected to grow by 7.8% 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:BRMS.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from BR Malls Participações Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BRMS.Y Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.85 0.93 0.76 2.00
2020-12-31 0.82 0.96 0.72 5.00
2019-12-31 0.71 0.72 0.69 2.00
OTCPK:BRMS.Y Past Financials Data
Date (Data in BRL Millions) EPS *
2019-03-31 1.24
2018-12-31 1.20
2018-09-30 -0.46
2018-06-30 -0.53
2018-03-31 -0.87
2017-12-31 -0.99
2017-09-30 -0.33
2017-06-30 -0.33
2017-03-31 0.16
2016-12-31 0.24
2016-09-30 0.54
2016-06-30 0.14

*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.
  • BR Malls Participações is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BR Malls 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.
BR Malls Participações has a total score of 1/6, 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.

BRMS.Y Past Performance

  How has BR Malls 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 BR Malls Participações's growth in the last year to its industry (Real Estate).
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.
  • BR Malls Participações's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • BR Malls Participações has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • BR Malls Participações has become profitable in the last year making it difficult to compare the US Real Estate industry average.
Earnings and Revenue History
BR Malls 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 BR Malls Participações Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:BRMS.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,244.42 1,042.51 229.03
2018-12-31 1,230.83 1,014.09 218.14
2018-09-30 1,242.82 -366.12 245.11
2018-06-30 1,219.29 -456.57 271.58
2018-03-31 1,222.39 -741.32 300.75
2017-12-31 1,252.21 -796.28 334.15
2017-09-30 1,224.95 -291.51 280.48
2017-06-30 1,260.39 -257.75 263.15
2017-03-31 1,190.60 112.12 256.00
2016-12-31 1,192.20 171.25 241.09
2016-09-30 1,170.18 345.65 246.18
2016-06-30 1,199.30 90.69 216.30
2016-03-31 1,333.33 268.25 194.33
2015-12-31 1,343.39 4.84 187.35
2015-09-30 1,391.08 134.17 183.44
2015-06-30 1,387.49 333.46 192.27
2015-03-31 1,366.43 301.92 186.31
2014-12-31 1,353.40 488.38 189.18
2014-09-30 1,389.65 677.43 184.89
2014-06-30 1,402.23 788.41 199.65
2014-03-31 1,402.07 674.32 202.62
2013-12-31 1,371.13 679.95 200.21
2013-09-30 1,326.27 1,401.02 220.89
2013-06-30 1,246.85 1,410.89 201.87
2013-03-31 1,186.31 1,687.96 188.00
2012-12-31 1,142.58 1,742.10 177.41
2012-09-30 1,060.07 964.91 153.95
2012-06-30 1,005.07 873.54 142.24

*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.
  • BR Malls Participações has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BR Malls Participações used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • BR Malls Participações's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BR Malls 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 Real Estate 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.
BR Malls Participações has a total score of 1/6, 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.

BRMS.Y Health

 How is BR Malls 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 BR Malls Participações's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BR Malls Participações is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BR Malls Participações's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BR Malls 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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x 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 BR Malls Participações Company Filings, last reported 1 month ago.

OTCPK:BRMS.Y Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,067.46 3,145.74 18.09
2018-12-31 10,925.86 2,817.49 23.67
2018-09-30 10,357.41 2,898.57 19.68
2018-06-30 10,363.46 2,951.82 19.78
2018-03-31 10,561.94 2,999.82 23.49
2017-12-31 10,476.81 3,393.87 28.98
2017-09-30 11,203.94 3,276.58 22.62
2017-06-30 11,702.54 4,629.18 41.88
2017-03-31 10,246.67 4,595.86 36.60
2016-12-31 9,669.04 5,099.52 21.72
2016-09-30 10,285.62 4,886.52 22.75
2016-06-30 10,245.14 4,996.51 22.76
2016-03-31 10,063.59 5,416.59 29.19
2015-12-31 9,900.30 5,493.05 610.30
2015-09-30 9,871.31 5,554.54 30.30
2015-06-30 10,076.71 5,287.93 40.43
2015-03-31 9,718.47 5,363.49 32.40
2014-12-31 9,812.92 5,122.19 665.38
2014-09-30 9,900.93 4,956.06 438.20
2014-06-30 9,905.17 4,927.73 689.36
2014-03-31 9,572.85 4,908.37 891.11
2013-12-31 9,467.26 4,723.46 70.51
2013-09-30 9,225.90 4,639.60 40.88
2013-06-30 9,133.58 4,701.93 591.74
2013-03-31 8,910.60 4,183.81 497.95
2012-12-31 8,814.96 4,487.45 349.14
2012-09-30 7,848.90 4,126.40 882.15
2012-06-30 7,736.36 3,713.86 25.43
  • BR Malls Participações's level of debt (28.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (51.3% vs 28.4% today).
  • Debt is well covered by operating cash flow (23.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
X
Financial health checks
We assess BR Malls 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. BR Malls 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.

BRMS.Y Dividends

 What is BR Malls 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
0%
Current annual income from BR Malls Participações dividends. Estimated to be 2.65% next year.
If you bought $2,000 of BR Malls Participações shares you are expected to receive $0 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?
  • Unable to evaluate BR Malls Participações's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate BR Malls Participações's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:BRMS.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 8 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:BRMS.Y Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.43 5.00
2020-12-31 0.28 7.00
2019-12-31 0.25 4.00
OTCPK:BRMS.Y Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2018-11-13 0.000 0.000
2018-08-10 0.000 0.000
2018-07-16 0.000 0.000
2018-05-15 0.000 0.000
2018-05-14 0.000 0.000
2018-03-15 0.000 0.000
2018-03-14 0.000 0.000
2017-03-16 0.000 0.000
2016-11-14 0.000 0.000
2016-08-12 0.000 0.000
2016-05-13 0.000 0.000
2016-03-15 0.000 0.000
2015-03-12 0.415 4.723
2015-03-11 0.415 4.008
2014-03-28 0.214 1.757
2014-03-14 0.214 1.771
2013-03-06 0.321 2.415
2012-08-02 0.114 0.640
2012-02-28 0.107 0.697
2011-05-10 0.114 0.923
2011-02-25 0.114 1.010
2011-02-24 0.114 1.107
2010-03-10 0.082 0.922

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

  • Unable to perform a dividend volatility check as BR Malls Participações has not reported any payouts.
  • Unable to verify if BR Malls Participações's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of BR Malls Participações's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as BR Malls Participações has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess BR Malls 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 BR Malls Participações afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BR Malls Participações has a total score of 1/6, see the detailed checks below.


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

BRMS.Y Management

 What is the CEO of BR Malls 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
Ruy Kameyama
AGE 41
TENURE AS CEO 2 years
CEO Bio

Mr. Ruy Kameyama has been the Chief Executive Officer at BR Malls Participações S.A. since February 5, 2017 and has been its Member of Board of Executive Officers since January 1, 2009. Mr. Kameyama served as Operations Director at BR Malls Participações S.A. since January 1, 2009 until February 5, 2017. In BRMALLS, Mr. Kameyama has served as general manager in the Operations and M&A areas. He served as Operations Director of BR Malls Participacoes SA. Prior to working for BRMALLS, he served in the M&A area of Spoleto Franchising from 2005 to 2006 and was an associate of Dresdner Kleinwort investment bank from 1998 to 2003. He holds a bachelor's degree in Economics from IBMEC-Rio in 1998 and a master's degree from Harvard Business School in 2005.

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

Average tenure and age of the BR Malls Participações management team in years:

3.5
Average Tenure
39.5
Average Age
  • The tenure for the BR Malls Participações management team is about average.
Management Team

Ruy Kameyama

TITLE
Chief Executive Officer
AGE
41
TENURE
2 yrs

Frederico da Villa

TITLE
IR Director & CFO
TENURE
5.1 yrs

Claudia Da Rosa Cortes De Larcerda

TITLE
Law Director & Member of Board of Executive Officers
TENURE
6.1 yrs

Bianca Bastos

TITLE
Human Resources Director & Member of Board of Executive Officers
AGE
40
TENURE
2 yrs

José Avellar

TITLE
Operations Director
AGE
39

Mariane Grechinski

TITLE
Development Director & Member of Board of Executive Officers
AGE
37
Board of Directors Tenure

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

1.6
Average Tenure
62.5
Average Age
  • The average tenure for the BR Malls Participações board of directors is less than 3 years, this suggests a new board.
Board of Directors

José Alves Castanheira

TITLE
Chairman
AGE
72
TENURE
1.1 yrs

Luiz Quinta

TITLE
Director
AGE
59
TENURE
7.1 yrs

Mauro Rodrigues da Cunha

TITLE
Independent Director
AGE
47
TENURE
3.1 yrs

Bruno Hermes Da Rudge

TITLE
Independent Director
TENURE
1.6 yrs

Joaé Roberto Teixeira

TITLE
Independent Director
TENURE
1.6 yrs

Luiz de Sampaio Campos

TITLE
Independent director
TENURE
1.1 yrs

Silvio Genesini Junior

TITLE
Independent director
AGE
66
TENURE
0.5 yrs
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 BR Malls 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. BR Malls 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.

BRMS.Y News

Simply Wall St News

BRMS.Y Company Info

Description

BR Malls Participações S.A. operates as a shopping mall company in Brazil. It also manages parking lot operation. As of March 16, 2018, it owned a portfolio of 39 malls comprising 1,445.5 thousand square meters of gross leasable area and 877.1 thousand square meters of gross leasable area. The company was founded in 1949 and is headquartered in Rio de Janeiro, Brazil.

Details
Name: BR Malls Participações S.A.
BRMS.Y
Exchange: OTCPK
Founded: 1949
R$2,527,131,793
843,124,028
Website: http://www.brmalls.com.br
Address: BR Malls Participações S.A.
Av. Borges de Medeiros, 633,
1° andar,
Rio de Janeiro,
Rio de Janeiro, 22430-041,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA BRML3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 05. Apr 2007
OTCPK BRLP.F Common Shares Pink Sheets LLC US USD 05. Apr 2007
OTCPK BRMS.Y SPONSORED ADR Pink Sheets LLC US USD 26. Dec 2008
Number of employees
Current staff
Staff numbers
0
BR Malls Participações employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/27 00:17
End of day share price update: 2019/05/16 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.