Investor Relations

Analyst Coverage

CONSENSUS

2021 2022
Net Revenue (R$ million) 6,973 7,395
Gross income (R$ million) 2,036 2,211
Gross Margin (%) 29% 30%
EBITDA (R$ million) 1051 1147
EBITDA Margin (%) 14% 14%
Net Income (R$ million) 764 833
Net Margin (%) 11% 11%
ROE (%) 14% 14%

ANALYSTS COVERAGE

INSTITUTION ANALYST TARGET PRICE RECOMENDATION
BB Banco de Investimento S.A. Kamila Oliveira 22.30 Buy
BofA Global Research Nicole Inui 26.50 Buy
Bradesco BBI Bruno Mendonça 24.00 Buy
BTG Pactual Gustavo Cambauva 23.00 Buy
CITI André Mazini 19.00 Buy
Credit Suisse – Latin America Daniel Gasparete 17.00 Neutral
Eleven Financial Raul Lemos 22.00 Buy
Itaú BBA Alex Ferraz 20.20 Neutral
JP Morgan Marcelo Motta 23.00 Buy
Morgan Stanley Jorel Guilloty 17.00 Buy
Safra Luiz Pecanha 22.90 Buy
Santander Fanny Avino 26.00 Buy
XP Renan Manda 23.00 Neutral