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Via Varejo

OTCPK:GBXP.Y
Snowflake Description

Reasonable growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GBXP.Y
OTCPK
R$7B
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Via Varejo S.A., together with its subsidiaries, engages in the retail of consumer electronics, home appliances, mobile phones, and furniture in Brazil. The last earnings update was 61 days ago. More info.


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GBXP.Y Share Price and Events
7 Day Returns
0%
OTCPK:GBXP.Y
0.9%
US Specialty Retail
2%
US Market
1 Year Returns
-
OTCPK:GBXP.Y
2.1%
US Specialty Retail
4.3%
US Market
GBXP.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Via Varejo (GBXP.Y) 0% 0% - - - -
US Specialty Retail 0.9% 3.7% 0.4% 2.1% 31% 44.3%
US Market 2% 4.1% 4.2% 4.3% 43.9% 40.8%
1 Year Return vs Industry and Market
  • No trading data on GBXP.Y.
  • No trading data on GBXP.Y.
Price Volatility
GBXP.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Via Varejo's competitors could be found in our database.

Value

 Is Via Varejo 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 Via Varejo 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 Via Varejo.

OTCPK:GBXP.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 11.4%
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:GBXP.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.871 (1 + (1- 34%) (141.43%))
1.459
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.46
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.459 * 5.96%)
11.42%

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

The calculations below outline how an intrinsic value for Via Varejo 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:GBXP.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 11.42%)
2019 386.00 Analyst x1 346.42
2020 434.00 Analyst x1 349.57
2021 451.33 Est @ 3.99% 326.25
2022 467.64 Est @ 3.61% 303.38
2023 483.30 Est @ 3.35% 281.40
2024 498.59 Est @ 3.16% 260.53
2025 513.71 Est @ 3.03% 240.91
2026 528.83 Est @ 2.94% 222.57
2027 544.05 Est @ 2.88% 205.50
2028 559.47 Est @ 2.83% 189.66
Present value of next 10 years cash flows R$2,726.21
OTCPK:GBXP.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= R$559.47 × (1 + 2.73%) ÷ (11.42% – 2.73%)
R$6,610.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$6,610.55 ÷ (1 + 11.42%)10
R$2,240.98
OTCPK:GBXP.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$2,726.21 + R$2,240.98
R$4,967.19
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$4,967.19 / 1,293.75
R$3.84
OTCPK:GBXP.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:GBXP.Y represents 0.24658x of BOVESPA:VVAR3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.24658x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 3.84 x 0.24658
$0.95
Value per share (USD) From above. $0.95
Current discount Discount to share price of $1.26
= -1 x ($1.26 - $0.95) / $0.95
-33.1%

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

  • The current share price of Via Varejo 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 Via Varejo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Via Varejo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:GBXP.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in BRL R$-0.29
BOVESPA:VVAR3 Share Price ** BOVESPA (2019-05-14) in BRL R$5.11
United States of America Specialty Retail Industry PE Ratio Median Figure of 63 Publicly-Listed Specialty Retail Companies 14.94x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.88x

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

** Primary Listing of Via Varejo.

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

= BOVESPA:VVAR3 Share Price ÷ EPS (both in BRL)

= 5.11 ÷ -0.29

-17.4x

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

  • Via Varejo is loss making, we can't compare its value to the US Specialty Retail industry average.
  • Via Varejo is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Via Varejo's expected growth come at a high price?
Raw Data
OTCPK:GBXP.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
34.9%per year
United States of America Specialty Retail Industry PEG Ratio Median Figure of 56 Publicly-Listed Specialty Retail Companies 1.56x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Via Varejo, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Via Varejo's assets?
Raw Data
OTCPK:GBXP.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in BRL R$1.51
BOVESPA:VVAR3 Share Price * BOVESPA (2019-05-14) in BRL R$5.11
United States of America Specialty Retail Industry PB Ratio Median Figure of 100 Publicly-Listed Specialty Retail Companies 1.37x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.8x
OTCPK:GBXP.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:VVAR3 Share Price ÷ Book Value per Share (both in BRL)

= 5.11 ÷ 1.51

3.38x

* Primary Listing of Via Varejo.

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

  • Via Varejo is overvalued based on assets compared to the US Specialty Retail industry average.
X
Value checks
We assess Via Varejo'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Via Varejo has a total score of 0/6, 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.

Future Performance

 How is Via Varejo 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
34.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Via Varejo expected to grow at an attractive rate?
  • Via Varejo's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Via Varejo's earnings growth is expected to exceed the United States of America market average.
  • Via Varejo's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:GBXP.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:GBXP.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 34.9%
OTCPK:GBXP.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 7.5%
United States of America Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
United States of America Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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:GBXP.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:GBXP.Y Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 33,330 467 6
2020-12-31 31,216 786 401 9
2019-12-31 28,955 865 465 6
OTCPK:GBXP.Y Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2019-03-31 26,662 1,449 -380
2018-12-31 26,928 841 -267
2018-09-30 26,828 1,036 117
2018-06-30 26,560 988 241
2018-03-31 26,244 626 136
2017-12-31 25,641 -3 168
2017-09-30 24,913 483 131
2017-06-30 22,916 551 -4
2017-03-31 21,108 792 -8
2016-12-31 19,819 -269 -95
2016-09-30 18,615 509 -340
2016-06-30 18,598 -39 -297

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Via Varejo's earnings are expected to grow significantly at over 20% yearly.
  • Via Varejo's revenue is expected to grow by 7.5% 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:GBXP.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Via Varejo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GBXP.Y Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.31 0.36 0.28 4.00
2020-12-31 0.27 0.37 0.23 6.00
2019-12-31 0.33 0.34 0.32 2.00
OTCPK:GBXP.Y Past Financials Data
Date (Data in BRL Millions) EPS *
2019-03-31 -0.29
2018-12-31 -0.21
2018-09-30 0.09
2018-06-30 0.19
2018-03-31 0.11
2017-12-31 0.13
2017-09-30 0.10
2017-06-30 0.00
2017-03-31 -0.01
2016-12-31 -0.07
2016-09-30 -0.26
2016-06-30 -0.23

*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.
  • Via Varejo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Via Varejo'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.
Via Varejo has a total score of 4/6, 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.

Past Performance

  How has Via Varejo 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 Via Varejo's growth in the last year to its industry (Specialty Retail).
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.
  • Via Varejo does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Via Varejo's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Via Varejo's 1-year growth to the US Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
Via Varejo'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 Via Varejo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GBXP.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 26,662.00 -380.00 6,451.00
2018-12-31 26,928.00 -267.00 6,769.00
2018-09-30 26,828.00 117.00 6,569.00
2018-06-30 26,560.00 241.00 6,449.00
2018-03-31 26,244.00 136.00 6,581.00
2017-12-31 25,641.00 168.00 6,545.00
2017-09-30 24,913.00 131.00 6,475.00
2017-06-30 22,916.00 -4.00 6,082.00
2017-03-31 21,108.00 -8.00 5,757.00
2016-12-31 19,819.00 -95.00 5,444.00
2016-09-30 18,615.00 -340.00 5,108.00
2016-06-30 18,598.00 -297.00 5,059.00
2016-03-31 18,584.00 -217.00 4,940.00
2015-12-31 19,268.00 14.00 4,942.00
2015-09-30 20,210.00 540.00 5,033.00
2015-06-30 21,412.00 804.00 5,081.00
2015-03-31 22,613.00 999.00 5,139.00
2014-12-31 22,674.00 938.00 5,088.00
2014-09-30 22,504.41 1,336.62 4,989.00
2014-06-30 22,467.22 1,305.64 4,984.45
2014-03-31 22,058.37 1,233.18 4,927.63
2013-12-31 21,756.00 1,175.00 4,956.00
2013-09-30 18,774.30 637.54 4,630.08
2013-06-30 18,908.68 521.34 4,563.12
2013-03-31 19,110.26 416.37 4,604.05
2012-12-31 19,454.71 317.80 4,634.71
2012-09-30 22,367.80 214.95 5,047.60
2012-06-30 21,900.05 152.93 5,099.85

*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.
  • It is difficult to establish if Via Varejo has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Via Varejo has efficiently used its assets last year compared to the US Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Via Varejo improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Via Varejo'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 Specialty Retail 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.
Via Varejo has a total score of 0/6, 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.

Health

 How is Via Varejo'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 Via Varejo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Via Varejo's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Via Varejo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Via Varejo'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 covered by short term assets, assets are 2.3x 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 Via Varejo Company Filings, last reported 2 months ago.

OTCPK:GBXP.Y Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,958.00 4,824.00 1,296.00
2018-12-31 2,523.00 4,399.00 3,711.00
2018-09-30 2,811.00 3,808.00 429.00
2018-06-30 2,882.00 3,845.00 945.00
2018-03-31 2,847.00 4,196.00 604.00
2017-12-31 2,773.00 4,199.00 3,559.00
2017-09-30 2,879.00 3,848.00 539.00
2017-06-30 2,864.00 3,558.00 750.00
2017-03-31 2,907.00 3,744.00 526.00
2016-12-31 2,808.00 3,939.00 4,030.00
2016-09-30 4,141.00 3,111.00 1,401.00
2016-06-30 4,216.00 2,984.00 1,663.00
2016-03-31 4,267.00 3,243.00 1,207.00
2015-12-31 4,246.00 3,259.00 5,580.00
2015-09-30 4,846.00 3,049.00 1,441.00
2015-06-30 4,935.00 3,609.00 2,973.00
2015-03-31 4,948.00 3,243.00 1,552.00
2014-12-31 4,715.00 3,706.00 4,448.00
2014-09-30 4,528.26 3,780.03 3,528.40
2014-06-30 4,316.92 3,688.58 2,960.64
2014-03-31 4,129.75 3,738.82 2,830.21
2013-12-31 3,951.00 3,963.00 3,533.00
2013-09-30 3,163.71 3,654.19 2,311.17
2013-06-30 3,190.88 3,451.65 2,353.18
2013-03-31 3,095.17 3,716.64 2,448.93
2012-12-31 2,995.59 3,760.97 2,581.13
2012-09-30 2,764.38 4,793.72 1,251.65
2012-06-30 2,696.98 4,727.68 1,252.28
  • Via Varejo's level of debt (246.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (92.6% vs 246.4% today).
  • Debt is well covered by operating cash flow (30%, greater than 20% of total debt).
  • Via Varejo is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Via Varejo'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. Via Varejo has a total score of 2/6, 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.

Dividends

 What is Via Varejo'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 Via Varejo dividends. Estimated to be 1.27% next year.
If you bought $2,000 of Via Varejo 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 Via Varejo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Via Varejo'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:GBXP.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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 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 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:GBXP.Y Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.09 4.00
2020-12-31 0.09 7.00
2019-12-31 0.02 6.00
OTCPK:GBXP.Y Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.000 0.000
2018-07-24 0.012 0.226
2018-03-06 0.012 0.173
2018-02-19 0.000 0.000
2017-10-25 0.000 0.000
2017-07-25 0.000 0.000
2017-07-24 0.000 0.000
2017-04-27 0.000 0.000
2017-04-26 0.000 0.000
2017-02-23 0.000 0.000
2017-02-22 0.000 0.000
2016-10-27 0.003 0.073
2016-02-24 0.003 0.092
2015-02-18 0.173 7.383
2014-02-13 0.283 3.995
2013-12-13 0.283 3.852
2013-12-09 0.283 2.886
2013-11-28 0.283 3.102
2013-10-17 0.283 3.782
2013-07-24 0.322 5.335
2013-02-26 0.004 0.061
2012-11-06 0.000 0.000
2012-08-09 0.000 0.000
2012-05-09 0.000 0.000
2012-05-07 0.000 0.000
2012-02-17 0.000 0.000
2011-11-22 0.000 0.000
2011-08-09 0.000 0.000
2011-05-13 0.000 0.000
2011-02-24 0.000 0.000

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

  • Unable to perform a dividend volatility check as Via Varejo has not reported any payouts.
  • Unable to verify if Via Varejo's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Via Varejo's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Via Varejo has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess Via Varejo'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 Via Varejo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Via Varejo 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.

Management

 What is the CEO of Via Varejo'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
Peter Paul Estermann
AGE 61
TENURE AS CEO 0.5 years
CEO Bio

Mr. Peter Paul Lourenço Estermann has been Chief Executive Officer at Companhia Brasileira de Distribuição since April 27, 2018 and has been its Member of the Executive Board since July 1, 2017. Mr. Estermann has been the Chief Executive Officer and Member of Board of Executive Officers at Via Varejo S.A., since December 21, 2018. He has been Director of Via Varejo S.A since April 27, 2018. Mr. Estermann served as a Vice-President and Chief Operating Officer of TENCO Shopping Centers since 2013 until 2014. He served as an Executive officer of global operations of Magnesita Refractarios S.A. since 2012 until 2013. Previously, he served as the Chief Executive Officer at Via Varejo S.A. from October 02, 2015 to 2018 and served as its Member of the Executive Board from May 24, 2013 to 2018. Mr. Estermann served as the Chief Executive Officer at LWB Refractories - Germany, subsidiary of Magnesita Refractarios S.A. for operations in Europe, since 2008 until 2011. He served as General Director of Tecflor Ind. S.A. since 1997 until 1998. He served as an Executive Director of operations at Medial Saúde, one of the largest health insurance companies in Brazil, since 2006 until 2007. He served as an Executive Director of organizational development and president for the North and Northeast regions of Telemar Norte Leste S.A. since 2001 until 2005. Mr. Estermann served as an Executive Director of operations and Vice-President at Satipel Minas Industrial Ltd. since 1999 until 2001. He served as a General Director of the forestry division of Aracruz Celulose SA since 1996 until 1997. He served as the Chief Operating Officer of the Petropar Group since 2006 until 2007. He served as the Chief Operating Officer of Destilaria Brasilândia S.A. since 1987 until 1988. He served as a General Manager of Agropecuária Mogno S.A. since 1981 until 1986. Mr. Estermann served as Vice President of Strategic Development & Infrastructure at Companhia Brasileira de Distribuicao from June 26, 2014 to October 2, 2015. He served as an Executive Vice President of Infrastructure and Strategic Development at Companhia Brasileira de Distribuicao since June 25, 2014. Mr. Estermann served as a Member of Board of Officers at Magnesita Refratarios S.A. since August 9, 2011. He served as the Chief Operating Officer of Magnesita Refratarios S.A. in Europe. He joined Magnesita in November 2008. He served as the Chairman and Non-Executive Director at Cnova N.V. from November 20, 2015 to November 4, 2016. He served as the Chairman of Sinterco S.A. since 2008 until 2013. Mr. Estermann served as the Chairman of Tecflor Ind. S.A. since 1997 until 1998. He served as the Chairman of the board of directors at Reframec Services S.A. in 2013. He served as a Director of Planalto Transportes Ltd since 2007 until 2008 and Odontosystem Ltd. since 2008; Mr. Estermann served as Board Member of JMT Transportes and Odonto System from February 2008 to October 2011. Mr. Estermann holds a Bachelor’s degree in Agricultural Engineering from Universidade Federal de Minas Gerais - Lavras and his PMD (Program for Management Development) from Harvard Business School.

CEO Compensation
  • Insufficient data for Peter Paul to compare compensation growth.
  • Insufficient data for Peter Paul 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 Via Varejo management team in years:

4.3
Average Tenure
  • The tenure for the Via Varejo management team is about average.
Management Team

Ronaldo Iabrudi

TITLE
Chairman & CEO of GPA

Peter Paul Estermann

TITLE
CEO, Member of Board of Executive Officers & Director
AGE
61
TENURE
0.5 yrs

Felipe Negrão

TITLE
CFO, Investor Relations Officer & Member of Board of Executive Officers
TENURE
4.3 yrs

Paulo Adriano Naliato

TITLE
COO & Member of Executive Board
TENURE
5.7 yrs

Jorge Filho

TITLE
Commercial & Marketing Executive Officer and Member of Executive Officers
TENURE
0.3 yrs

Svetlana Berzina

TITLE
Senior Vice President
TENURE
8.8 yrs
Board of Directors Tenure

Average tenure and age of the Via Varejo board of directors in years:

6.6
Average Tenure
55
Average Age
  • The tenure for the Via Varejo board of directors is about average.
Board of Directors

Peter Paul Estermann

TITLE
CEO, Member of Board of Executive Officers & Director
AGE
61
TENURE
1.2 yrs

Arnaud Daniel Charles Walter Strasser

TITLE
Vice Chairman of the Board
AGE
49

Ronaldo Iabrudi

TITLE
Chairman & CEO of GPA

Christophe Hidalgo

TITLE
Director
AGE
51
TENURE
8.5 yrs

Michael Klein

TITLE
Director
TENURE
8.6 yrs

Alberto Ribeiro Guth

TITLE
Independent Director
AGE
59
TENURE
7.1 yrs

Renato Carvalho Nascimento

TITLE
Independent Director
TENURE
7.1 yrs

Roberto Fulcherberguer

TITLE
Director
TENURE
6.2 yrs

Hervé Daudin

TITLE
Director
TENURE
4.2 yrs

Carla Trematore

TITLE
Member of Fiscal Council
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Via Varejo'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. Via Varejo 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.

News

Simply Wall St News

Company Info

Description

Via Varejo S.A., together with its subsidiaries, engages in the retail of consumer electronics, home appliances, mobile phones, and furniture in Brazil. The company operates its stores under the Ponto Frio and Casas Bahia banners. As of March 31, 2018, it operated 978 stores. It also offers products through its e-commerce platforms, including pontofrio.com, casasbahia.com, extra.com.br, and barateiro.com. Via Varejo S.A. was formerly known as Globex Utilidades SA and changed its name to Via Varejo S.A. in February 2012. The company is based in São Caetano do Sul, Brazil.

Details
Name: Via Varejo S.A.
GBXP.Y
Exchange: OTCPK
Founded:
R$1,731,369,815
1,293,750,000
Website: http://www.viavarejo.com.br
Address: Via Varejo S.A.
Rua João Pessoa, nº 83,
Centro,
São Caetano do Sul,
São Paulo, 09520-010,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA VVAR3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 17. Oct 1996
OTCPK GBXP.Y SPONSORED ADR RE Pink Sheets LLC US USD 16. Mar 2000
Number of employees
Current staff
Staff numbers
0
Via Varejo employees.
Industry
Home Improvement Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 23:37
End of day share price update: 2019/05/14 00:00
Last estimates confirmation: 2019/06/22
Last earnings filing: 2019/04/24
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.