Investor Relations

Analyst Coverage

CONSENSUS

2021 2022
Net Revenue (R$ million) 6,976 7,492
Gross income (R$ million) 1,943 2,083
Gross Margin (%) 28% 28%
EBITDA (R$ million) 1080 1129
EBITDA Margin (%) 14% 14%
Net Income (R$ million) 738 740
Net Margin (%) 10% 10%
ROE (%) 14% 13%

ANALYSTS COVERAGE

INSTITUTION ANALYST TARGET PRICE RECOMENDATION
BB Banco de Investimento S.A. Kamila Oliveira 22.30 Buy
BofA Global Research Carlos Peyrelongue 21.00 Buy
Bradesco BBI Bruno Mendonça 21.00 Buy
BTG Pactual Gustavo Cambauva 23.00 Buy
CITI André Mazini 14.00 Buy
Credit Suisse – Latin America Daniel Gasparete 17.00 Neutral
Eleven Financial Raul Lemos 22.00 Buy
Itaú BBA Alex Ferraz 21.40 Buy
JP Morgan Marcelo Motta 18.00 Buy
Morgan Stanley Jorel Guilloty 17.00 Buy
Safra Luiz Pecanha 24.00 Buy
Santander Fanny Avino 19.00 Buy
XP Renan Manda 23.00 Neutral