AVERAGE TARGET PRICE - R$12.43
Consensus |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
9,206 |
9,545 |
9,824 |
Net revenues (R$ million) |
2,270 |
2,421 |
2,566 |
2,699 |
Adjusted EBITDA (R$ million) |
694 |
762 |
808 |
851 |
Adjusted EBITDA margin (%) |
30.6 |
31.5 |
31.5 |
31.5 |
Net income (R$ million) |
534 |
576 |
599 |
611 |
TARGET PRICE - R$13.00 (Neutral)
BTG Pactual projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
– |
– |
– |
Net revenues (R$ million) |
2,270 |
2,437 |
2,614 |
2,822 |
Adjusted EBITDA (R$ million) |
694 |
776 |
863 |
947 |
Adjusted EBITDA margin (%) |
30.6 |
31.8 |
33.0 |
33.6 |
Net income (R$ million) |
534 |
592 |
644 |
699 |
TARGET PRICE - R$11.00 (Neutral)
CITIBANK projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
9,142 |
9,355 |
9,566 |
Net revenues (R$ million) |
2,270 |
2,426 |
2,550 |
2,694 |
Adjusted EBITDA (R$ million) |
694 |
753 |
779 |
818 |
Adjusted EBITDA margin (%) |
30.6 |
31.1 |
30.5 |
30.4 |
Net income (R$ million) |
534 |
578 |
587 |
583 |
TARGET PRICE - R$11.50 (Sell)
Goldman Sachs projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
– |
– |
– |
Net revenues (R$ million) |
2,270 |
2,416 |
2,577 |
2,714 |
Adjusted EBITDA (R$ million) |
694 |
738 |
789 |
836 |
Adjusted EBITDA margin (%) |
30.6 |
30.6 |
30.6 |
30.8 |
Net income (R$ million) |
534 |
562 |
597 |
607 |
TARGET PRICE - R$14.00 (Neutral)
ITAÚ BBA projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
9,323 |
9,756 |
– |
Net revenues (R$ million) |
2,270 |
2,453 |
2,662 |
– |
Adjusted EBITDA (R$ million) |
694 |
760 |
838 |
– |
Adjusted EBITDA margin (%) |
30.6 |
31.0 |
31.5 |
– |
Net income (R$ million) |
534 |
601 |
660 |
– |
TARGET PRICE - R$11.00 (Sell)
J.P. MORGAN projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
– |
– |
– |
Net revenues (R$ million) |
2,270 |
– |
– |
– |
Adjusted EBITDA (R$ million) |
694 |
– |
– |
– |
Adjusted EBITDA margin (%) |
30.6 |
– |
– |
– |
Net income (R$ million) |
534 |
– |
– |
– |
TARGET PRICE - R$13.00 (Neutral)
J.Safra projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
– |
– |
– |
Net revenues (R$ million) |
2,270 |
– |
– |
– |
Adjusted EBITDA (R$ million) |
694 |
– |
– |
– |
Adjusted EBITDA margin (%) |
30.6 |
– |
– |
– |
Net income (R$ million) |
534 |
– |
– |
– |
TARGET PRICE - R$12.00 (Neutral)
Merrill Lynch projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
– |
– |
– |
Net revenues (R$ million) |
2,270 |
2,446 |
2,528 |
2,614 |
Adjusted EBITDA (R$ million) |
694 |
742 |
764 |
788 |
Adjusted EBITDA margin (%) |
30.6 |
30.5 |
30.2 |
30.1 |
Net income (R$ million) |
534 |
569 |
590 |
595 |
TARGET PRICE - R$14.30 (Neutral)
SANTANDER projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
9,174 |
9,568 |
9,967 |
Net revenues (R$ million) |
2,270 |
2,432 |
2,587 |
2,758 |
Adjusted EBITDA (R$ million) |
694 |
790 |
814 |
861 |
Adjusted EBITDA margin (%) |
30.6 |
32.5 |
31.5 |
31.2 |
Net income (R$ million) |
534 |
573 |
575 |
603 |
TARGET PRICE - R$13.00 (Neutral)
UBS projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
9,191 |
9,598 |
9,985 |
Net revenues (R$ million) |
2,270 |
2,433 |
2,596 |
2,766 |
Adjusted EBITDA (R$ million) |
694 |
800 |
865 |
929 |
Adjusted EBITDA margin (%) |
30.6 |
32.9 |
33.3 |
33.6 |
Net income (R$ million) |
534 |
586 |
606 |
651 |
TARGET PRICE - R$12.90 (Neutral)
XP RESEARCH projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
9,186 |
9,450 |
9,717 |
Net revenues (R$ million) |
2,270 |
2,353 |
2,458 |
2,569 |
Adjusted EBITDA (R$ million) |
694 |
748 |
766 |
789 |
Adjusted EBITDA margin (%) |
30.6 |
31.8 |
31.1 |
30.7 |
Net income (R$ million) |
534 |
544 |
549 |
559 |
TARGET PRICE - R$10.00 (Sell)
MORGAN STANLEY projections |
2024A |
2025E |
2026E |
2027E |
Members (thousand) |
8,924 |
9,220 |
9,546 |
9,886 |
Net revenues (R$ million) |
2,270 |
2,404 |
2,523 |
2,654 |
Adjusted EBITDA (R$ million) |
694 |
747 |
795 |
841 |
Adjusted EBITDA margin (%) |
30.6 |
31.1 |
31.5 |
31.7 |
Net income (R$ million) |
534 |
577 |
581 |
592 |