AVERAGE TARGET PRICE - R$12.69
Consensus |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
8,917 |
9,195 |
Net revenues (R$ million) |
2,143 |
2,294 |
2,442 |
Adjusted EBITDA (R$ million) |
647 |
719 |
766 |
Adjusted EBITDA margin (%) |
30.2 |
31.3 |
31.7 |
Net income (R$ million) |
537 |
518 |
545 |
TARGET PRICE - R$13.50 (Neutral)
BTG PACTUAL projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
– |
– |
Net revenues (R$ million) |
2,143 |
2,349 |
2,541 |
Adjusted EBITDA (R$ million) |
647 |
743 |
809 |
Adjusted EBITDA margin (%) |
30.2 |
31.6 |
31.8 |
Net income (R$ million) |
537 |
531 |
574 |
TARGET PRICE - R$14.00 (Neutral)
CITIBANK projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
8,814 |
9,041 |
Net revenues (R$ million) |
2,143 |
2,300 |
2,463 |
Adjusted EBITDA (R$ million) |
647 |
707 |
761 |
Adjusted EBITDA margin (%) |
30.2 |
30.8 |
30.9 |
Net income (R$ million) |
537 |
508 |
540 |
TARGET PRICE - R$11.00 (Sell)
Goldman Sachs projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
8,908 |
9,258 |
Net revenues (R$ million) |
2,143 |
2,245 |
2,377 |
Adjusted EBITDA (R$ million) |
647 |
697 |
728 |
Adjusted EBITDA margin (%) |
30.2 |
31.0 |
30.6 |
Net income (R$ million) |
537 |
507 |
544 |
TARGET PRICE - R$14.00 (Neutral)
ITAÚ BBA projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
8,963 |
9,330 |
Net revenues (R$ million) |
2,143 |
2,309 |
2,493 |
Adjusted EBITDA (R$ million) |
647 |
718 |
788 |
Adjusted EBITDA margin (%) |
30.2 |
31.1 |
31.6 |
Net income (R$ million) |
537 |
512 |
560 |
TARGET PRICE - R$10.50 (Sell)
J.P. MORGAN projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
8,900 |
9,100 |
Net revenues (R$ 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$13.50 (Sell)
J.Safra projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,619 |
– |
– |
Net revenues (R$ million) |
2,143 |
– |
– |
Adjusted EBITDA (R$ million) |
647 |
– |
– |
Adjusted EBITDA margin (%) |
30.2 |
– |
– |
Net income (R$ million) |
537 |
– |
– |
TARGET PRICE - R$12.00 (Neutral)
MERRILL LYNCH projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
9,051 |
9,270 |
Net revenues (R$ million) |
2,143 |
2,295 |
2,386 |
Adjusted EBITDA (R$ million) |
647 |
745 |
801 |
Adjusted EBITDA margin (%) |
30.2 |
32.4 |
33.6 |
Net income (R$ million) |
537 |
541 |
562 |
TARGET PRICE - R$14.50 (Buy)
SANTANDER projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
– |
– |
Net revenues (R$ million) |
2,143 |
2,281 |
2,437 |
Adjusted EBITDA (R$ million) |
647 |
693 |
741 |
Adjusted EBITDA margin (%) |
30.2 |
30.4 |
30.4 |
Net income (R$ million) |
537 |
507 |
529 |
TARGET PRICE - R$11.90 (Neutral)
XP RESEARCH projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
8,898 |
9,186 |
Net revenues (R$ 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$11.00 (Sell)
MORGAN STANLEY projections |
2023A |
2024E |
2025E |
Members (thousand) |
8,618 |
8,887 |
9,181 |
Net revenues (R$ million) |
2,143 |
2,288 |
2,431 |
Adjusted EBITDA (R$ million) |
647 |
703 |
743 |
Adjusted EBITDA margin (%) |
30.2 |
30.7 |
30.5 |
Net income (R$ million) |
537 |
533 |
549 |