Company Valuation: Lojas Renner S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 24,089 19,873 16,647 12,747 12,872 11,151 - -
Change - -17.5% -16.24% -23.43% 0.98% -13.37% - -
Enterprise Value (EV) 1 24,269 21,685 15,470 10,921 11,372 12,470 12,725 12,969
Change - -10.65% -28.66% -29.4% 4.13% 9.66% 2.04% 1.92%
P/E 36.9x 15.5x 17.1x 10.6x 9.33x 7.4x 6.89x 6.24x
PBR 2.46x - 1.66x 1.18x 1.3x 1.04x 0.98x 0.92x
PEG - 0.2x -0.7x 0.5x 0.3x 0.85x 0.93x 0.6x
Capitalization / Revenue 2.28x 1.5x 1.22x 0.88x 0.81x 0.68x 0.62x 0.57x
EV / Revenue 2.3x 1.63x 1.13x 0.76x 0.72x 0.76x 0.71x 0.67x
EV / EBITDA 14.1x 9.03x 7.35x 4.12x 3.57x 3.88x 3.56x 3.3x
EV / EBIT 29.8x 15.4x 17.4x 8.67x 6.33x 6.45x 5.97x 5.36x
EV / FCF 86.2x 50.3x 8.74x 6.04x 7.91x 9.51x 9.66x 8.85x
FCF Yield 1.16% 1.99% 11.4% 16.6% 12.6% 10.5% 10.4% 11.3%
Dividend per Share 2 0.3896 - 0.6488 0.6456 0.8383 1.267 1.217 1.227
Rate of return 1.75% - 4.1% 5.33% 6.23% 10.9% 10.5% 10.6%
EPS 2 0.6026 1.203 0.9241 1.138 1.442 1.567 1.683 1.86
Distribution rate 64.7% - 70.2% 56.7% 58.1% 80.8% 72.3% 66%
Net sales 1 10,572 13,271 13,648 14,436 15,830 16,509 17,927 19,458
EBITDA 1 1,723 2,401 2,104 2,650 3,187 3,212 3,572 3,929
EBIT 1 813.9 1,407 889.1 1,259 1,797 1,935 2,133 2,422
Net income 1 633.1 1,292 976.3 1,197 1,500 1,521 1,649 1,829
Net Debt 1 180.6 1,812 -1,177 -1,826 -1,500 1,320 1,574 1,818
Reference price 2 22.22 18.62 15.84 12.12 13.45 11.60 11.60 11.60
Nbr of stocks (in thousands) 1,084,183 1,067,423 1,051,161 1,051,732 957,030 961,283 - -
Announcement Date 3/17/22 A 2/16/23 A 3/14/24 A 2/20/25 A 3/3/26 A - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.91x3.79x13.49x3.58% 191B
42.47x5.22x21.62x0.88% 138B
26.6x2.75x17.55x0.76% 74.56B
43.59x2.46x9.4x1.52% 31.11B
20.09x1.39x7.85x4.6% 25.56B
14.54x2.82x10.86x1.62% 22.83B
18.11x2.53x11.38x2.06% 22.42B
23.27x1.38x11.79x-.--% 16.78B
15.72x2.01x8.08x3.84% 12.02B
Average 25.48x 2.71x 12.44x 2.1% 59.37B
Weighted average by Cap. 29.56x 3.61x 15.27x 2.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield