Financials WEG S.A.

Equities

WEGE3

BRWEGEACNOR0

Electrical Components & Equipment

Market Closed - Sao Paulo 04:07:46 2024-05-10 pm EDT 5-day change 1st Jan Change
38.97 BRL +0.18% Intraday chart for WEG S.A. +0.52% +5.58%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 72,700 158,883 138,384 161,589 154,846 163,493 - -
Enterprise Value (EV) 1 71,797 156,965 136,956 160,065 150,600 160,469 157,435 155,724
P/E ratio 45 x 67.9 x 38.6 x 38.4 x 27 x 30 x 26.7 x 22.5 x
Yield 1.23% 0.79% 1.38% 1.32% 1.76% 1.72% 1.82% 2.03%
Capitalization / Revenue 5.45 x 9.09 x 5.87 x 5.4 x 4.76 x 4.44 x 3.89 x 3.43 x
EV / Revenue 5.38 x 8.99 x 5.81 x 5.35 x 4.63 x 4.36 x 3.74 x 3.27 x
EV / EBITDA 32 x 48 x 29.3 x 28.5 x 21.2 x 20.8 x 18.3 x 16 x
EV / FCF 51.9 x 46.6 x 864 x 85.5 x 27.7 x 166 x 42 x 33.1 x
FCF Yield 1.93% 2.15% 0.12% 1.17% 3.61% 0.6% 2.38% 3.02%
Price to Book 8.34 x 13.7 x 10.2 x 10.9 x 8.93 x 8.24 x 7.13 x 6.04 x
Nbr of stocks (in thousands) 4,195,030 4,195,480 4,196,012 4,196,015 4,195,234 4,195,353 - -
Reference price 2 17.33 37.87 32.98 38.51 36.91 38.97 38.97 38.97
Announcement Date 2/19/20 2/24/21 2/16/22 2/15/23 2/21/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 13,347 17,470 23,563 29,905 32,504 36,838 42,070 47,626
EBITDA 1 2,245 3,268 4,679 5,617 7,090 7,722 8,614 9,758
EBIT 1 1,848 2,816 4,158 5,052 6,462 6,828 7,583 8,626
Operating Margin 13.84% 16.12% 17.65% 16.89% 19.88% 18.54% 18.03% 18.11%
Earnings before Tax (EBT) 1 1,804 2,747 4,330 5,116 6,591 6,623 7,830 9,350
Net income 1 1,615 2,341 3,586 4,208 5,732 5,435 6,198 7,340
Net margin 12.1% 13.4% 15.22% 14.07% 17.63% 14.75% 14.73% 15.41%
EPS 2 0.3849 0.5580 0.8545 1.003 1.366 1.301 1.459 1.732
Free Cash Flow 1 1,383 3,371 158.5 1,871 5,436 968 3,752 4,703
FCF margin 10.36% 19.3% 0.67% 6.26% 16.72% 2.63% 8.92% 9.87%
FCF Conversion (EBITDA) 61.63% 103.18% 3.39% 33.32% 76.67% 12.54% 43.55% 48.19%
FCF Conversion (Net income) 85.68% 144.03% 4.42% 44.47% 94.84% 17.81% 60.53% 64.08%
Dividend per Share 2 0.2126 0.2975 0.4544 0.5100 0.6499 0.6708 0.7079 0.7894
Announcement Date 2/19/20 2/24/21 2/16/22 2/15/23 2/21/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 6,540 6,828 7,186 7,911 7,980 7,696 8,171 8,075 8,561 8,033 9,199 9,444 9,743 - -
EBITDA 1 1,125 1,233 1,257 1,568 1,559 1,689 1,833 1,739 1,829 1,770 1,835 1,730 1,971 - -
EBIT 1 985.1 1,099 1,121 1,426 1,406 1,538 1,681 1,581 1,661 1,603 1,668 1,629 1,778 - -
Operating Margin 15.06% 16.09% 15.61% 18.02% 17.61% 19.99% 20.58% 19.58% 19.41% 19.96% 18.13% 17.25% 18.25% - -
Earnings before Tax (EBT) 1 1,003 1,153 1,117 1,444 1,402 - - 1,615 1,652 1,676 1,671 1,549 1,784 - -
Net income 1 874.1 943.9 913 1,158 1,193 1,307 1,368 1,312 1,745 1,328 1,306 1,261 1,393 - -
Net margin 13.36% 13.82% 12.71% 14.64% 14.95% 16.98% 16.75% 16.24% 20.38% 16.53% 14.19% 13.35% 14.3% - -
EPS 2 0.2082 0.2250 0.2176 0.2760 0.2844 - 0.3261 0.3127 0.4159 0.3164 0.3106 0.2998 0.3320 - -
Dividend per Share 2 0.0448 0.0368 0.0433 0.1760 0.0837 - 0.1452 - 0.1120 - 0.1607 0.1525 0.1570 0.1600 0.1600
Announcement Date 2/16/22 4/27/22 7/20/22 10/26/22 2/15/23 4/26/23 7/19/23 10/25/23 2/21/24 5/2/24 - - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 902 1,918 1,428 1,523 4,246 3,024 6,058 7,769
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,383 3,371 159 1,871 5,436 968 3,752 4,703
ROE (net income / shareholders' equity) 19.7% 23.1% 28.5% 29.6% 35.6% 29.4% 28.5% 28.6%
ROA (Net income/ Total Assets) 10.4% 7.61% 16.4% 16.2% 19.2% 17.2% 18.4% 19.4%
Assets 1 15,544 30,771 21,932 26,034 29,815 31,636 33,699 37,874
Book Value Per Share 2 2.080 2.760 3.240 3.540 4.130 4.730 5.460 6.460
Cash Flow per Share 2 0.4500 0.9400 0.2200 0.7100 - 1.100 - -
Capex 1 524 559 781 1,111 1,586 3,867 1,931 1,989
Capex / Sales 3.93% 3.2% 3.31% 3.72% 4.88% 10.5% 4.59% 4.18%
Announcement Date 2/19/20 2/24/21 2/16/22 2/15/23 2/21/24 - - -
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
38.97 BRL
Average target price
43.12 BRL
Spread / Average Target
+10.65%
Consensus
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