Investor Relations

Analyst Coverage

CONSENSUS

2021 2022
Net Revenue (R$ million) 6,962 7,409
Gross income (R$ million) 2,044 2,224
Gross Margin (%) 29% 30%
EBITDA (R$ million) 1060 1147
EBITDA Margin (%) 14% 14%
Net Income (R$ million) 770 835
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 28.00 Buy
BTG Pactual Gustavo Cambauva 23.00 Buy
CITI André Mazini 19.00 Neutral
Credit Suisse – Latin America Daniel Gasparete 24.00 Neutral
Eleven Financial Raul Lemos 22.00 Buy
Itaú BBA Alex Ferraz 20.20 Neutral
JP Morgan Marcelo Motta 26.00 Buy
Morgan Stanley Jorel Guilloty 17.00 Sell
Safra Luiz Pecanha 22.90 Buy
Santander Fanny Avino 26.00 Buy
XP Renan Manda 23.00 Neutral