AVERAGE TARGET PRICE - R$12.27
Consensus |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
8,949 |
9,222 |
9,643 |
Net revenues (R$ million) |
2,143 |
2,284 |
2,424 |
2,556 |
Adjusted EBITDA (R$ million) |
647 |
705 |
747 |
782 |
Adjusted EBITDA margin (%) |
30.2 |
30.9 |
31.1 |
30.6 |
Net income (R$ million) |
537 |
521 |
544 |
565 |
TARGET PRICE - R$13.50 (Neutral)
BTG PACTUAL projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
– |
– |
– |
Net revenues (R$ million) |
2,143 |
2,349 |
2,541 |
– |
Adjusted EBITDA (R$ million) |
647 |
748 |
815 |
– |
Adjusted EBITDA margin (%) |
30.2 |
31.9 |
32.1 |
– |
Net income (R$ million) |
537 |
531 |
574 |
– |
TARGET PRICE - R$12.00 (Neutral)
CITIBANK projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
8,814 |
9,041 |
– |
Net revenues (R$ million) |
2,143 |
2,239 |
2,351 |
2,477 |
Adjusted EBITDA (R$ million) |
647 |
661 |
704 |
739 |
Adjusted EBITDA margin (%) |
30.2 |
29.5 |
29.9 |
29.9 |
Net income (R$ million) |
537 |
495 |
514 |
535 |
TARGET PRICE - R$11.00 (Sell)
Goldman Sachs projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
8,908 |
9,258 |
9,584 |
Net revenues (R$ million) |
2,143 |
2,245 |
2,377 |
2,543 |
Adjusted EBITDA (R$ million) |
647 |
694 |
725 |
775 |
Adjusted EBITDA margin (%) |
30.2 |
30.9 |
30.5 |
30.5 |
Net income (R$ million) |
537 |
507 |
544 |
591 |
TARGET PRICE - R$14.00 (Neutral)
ITAÚ BBA projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
8,963 |
9,330 |
9,721 |
Net revenues (R$ million) |
2,143 |
2,309 |
2,493 |
2,685 |
Adjusted EBITDA (R$ million) |
647 |
718 |
788 |
854 |
Adjusted EBITDA margin (%) |
30.2 |
31.1 |
31.6 |
31.8 |
Net income (R$ million) |
537 |
512 |
560 |
609 |
TARGET PRICE - R$10.50 (Sell)
J.P. MORGAN projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
8,900 |
9,100 |
– |
Net revenues (R$ million) |
2,143 |
2,295 |
2,427 |
– |
Adjusted EBITDA (R$ million) |
647 |
768 |
806 |
– |
Adjusted EBITDA margin (%) |
30.2 |
33.5 |
35.9 |
– |
Net income (R$ million) |
537 |
517 |
530 |
– |
TARGET PRICE - R$13.50 (Sell)
J.Safra projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,619 |
– |
– |
– |
Net revenues (R$ million) |
2,143 |
– |
– |
– |
Adjusted EBITDA (R$ million) |
647 |
– |
– |
– |
Adjusted EBITDA margin (%) |
30.2 |
– |
– |
– |
Net income (R$ million) |
537 |
– |
– |
– |
TARGET PRICE - R$12.00 (Neutral)
MERRILL LYNCH projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
9,051 |
9,270 |
– |
Net revenues (R$ million) |
2,143 |
2,322 |
2,415 |
– |
Adjusted EBITDA (R$ million) |
647 |
716 |
722 |
– |
Adjusted EBITDA margin (%) |
30.2 |
30.8 |
29.9 |
– |
Net income (R$ million) |
537 |
589 |
613 |
– |
TARGET PRICE - R$12.30 (Neutral)
SANTANDER projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
– |
– |
– |
Net revenues (R$ million) |
2,143 |
2,250 |
2,395 |
2,570 |
Adjusted EBITDA (R$ million) |
647 |
669 |
719 |
779 |
Adjusted EBITDA margin (%) |
30.2 |
29.7 |
30.0 |
30.3 |
Net income (R$ million) |
537 |
512 |
519 |
552 |
TARGET PRICE - R$11.90 (Neutral)
XP RESEARCH projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
8,898 |
9,186 |
– |
Net revenues (R$ million) |
2,143 |
2,280 |
2,424 |
– |
Adjusted EBITDA (R$ million) |
647 |
696 |
719 |
– |
Adjusted EBITDA margin (%) |
30.2 |
30.5 |
29.7 |
– |
Net income (R$ million) |
537 |
505 |
516 |
– |
TARGET PRICE - R$11.00 (Sell)
MORGAN STANLEY projections |
2023A |
2024E |
2025E |
2026E |
Members (thousand) |
8,618 |
9,111 |
9,369 |
9,624 |
Net revenues (R$ million) |
2,143 |
2,264 |
2,395 |
2,507 |
Adjusted EBITDA (R$ million) |
647 |
676 |
724 |
763 |
Adjusted EBITDA margin (%) |
30.2 |
29.9 |
30.2 |
30.4 |
Net income (R$ million) |
537 |
519 |
530 |
537 |