Financials Vittia S.A.

Equities

VITT3

BRVITTACNOR4

Agricultural Chemicals

Delayed Sao Paulo Other stock markets 12:14:37 2024-06-03 pm EDT			5-day change	1st Jan Change
5.22 ^BRL	-0.38%		-1.69%	-45.93%

May. 15	Transcript : Vittia S.A., Q1 2024 Earnings Call, May 15, 2024
Mar. 15	Transcript : Vittia S.A., Q4 2023 Earnings Call, Mar 15, 2024

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,063	1,850	1,517	808.1	-	-
Enterprise Value (EV) ¹	2,063	1,989	1,517	912.1	873.1	847.1
P/E ratio	-	12.6 x	15.7 x	9.23 x	6.46 x	5.17 x
Yield	0.68%	1.81%	-	4.85%	4.93%	7.13%
Capitalization / Revenue	2.4 x	2.17 x	2.01 x	0.91 x	0.81 x	0.73 x
EV / Revenue	2.4 x	2.34 x	2.01 x	1.02 x	0.88 x	0.76 x
EV / EBITDA	11.7 x	9.13 x	10.7 x	5.47 x	4.09 x	3.46 x
EV / FCF	-	33,913,358 x	-	-	-	-
FCF Yield	-	0%	-	-	-	-
Price to Book	-	-	-	-	-	-
Nbr of stocks (in thousands)	157,354	156,529	156,573	154,218	-	-
Reference price ²	13.11	11.82	9.691	5.240	5.240	5.240
Announcement Date	3/16/22	3/16/23	3/14/24	-	-	-

¹BRL in Million²BRL

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net sales ¹	858	851.2	756.1	890.8	997.7	1,111
EBITDA ¹	176.1	217.9	141.7	166.7	213.4	244.6
EBIT ¹	142.8	181.3	98.98	125.8	164.2	189
Operating Margin	16.65%	21.3%	13.09%	14.12%	16.45%	17.01%
Earnings before Tax (EBT) ¹	-	-	-	109.1	150.2	176.6
Net income ¹	-	147.5	97.36	91.22	128.6	152.6
Net margin	-	17.33%	12.88%	10.24%	12.89%	13.73%
EPS ²	-	0.9364	0.6182	0.5675	0.8106	1.013
Free Cash Flow	-	58.66	-	-	-	-
FCF margin	-	6.89%	-	-	-	-
FCF Conversion (EBITDA)	-	26.92%	-	-	-	-
FCF Conversion (Net income)	-	39.78%	-	-	-	-
Dividend per Share ²	0.0891	0.2136	-	0.2542	0.2582	0.3738
Announcement Date	3/16/22	3/16/23	3/14/24	-	-	-

¹BRL in Million²BRL

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	148.6	72.78	291.4	243.3	121.6	100.5	374.1	304.8
EBITDA ¹	25.36	-18.56	90.13	49.94	6.824	-11.28	97.74	66.1
EBIT ¹	-	-	-	33.24	-1.73	-17.83	88.14	57.17
Operating Margin	-	-	-	13.66%	-1.42%	-17.75%	23.56%	18.76%
Earnings before Tax (EBT) ¹	-	-	-	-	0.285	-24.65	81.99	51.52
Net income ¹	-	-	-	-	0.8	-18.49	61.49	38.64
Net margin	-	-	-	-	0.66%	-18.4%	16.44%	12.68%
EPS ²	-	-	-	-	0.005700	-0.1200	0.3991	0.2508
Dividend per Share ²	-	-	-	-	-	-	0.0998	0.0627
Announcement Date	5/11/23	8/10/23	11/10/23	3/14/24	5/14/24	-	-	-

¹BRL in Million²BRL

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	140	-	104	65	39
Net Cash position ¹	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	0.6407 x	-	0.6239 x	0.3046 x	0.1595 x
Free Cash Flow	-	58.7	-	-	-	-
ROE (net income / shareholders' equity)	27.9%	27.9%	-	13.9%	17.9%	18.6%
ROA (Net income/ Total Assets)	-	16.3%	-	10%	14%	15%
Assets ¹	-	902.1	-	912.2	918.3	1,017
Book Value Per Share	-	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-	-
Capex	-	61.3	-	-	-	-
Capex / Sales	-	7.2%	-	-	-	-
Announcement Date	3/16/22	3/16/23	3/14/24	-	-	-

¹BRL in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Vittia S.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

5.24 BRL

Average target price

8.75 BRL

Spread / Average Target

+66.98%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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