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AZZA3.SA$18.78-2.74%
Fair $18.78+0.0%

AZZA3.SA

Azzas 2154 S.A.

Consumer Cyclical / Footwear & AccessoriesSão Paulo

$18.78

-0.53 (-2.74%)

Fairly Valued+0.0%Fair Value $18.78Fund rank 26/100 · Data gapFallback financials|
SA 52/C
F-Score: 7/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 17%

FCF escenarios

weak_data · normalized FCF $177.4M · quality 42.3/100

Data gap 26/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 16/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

52/100

C

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · AZZA3.SALocal privado en este navegador · Azzas 2154 S.A.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$3.8B

P/E

4.6x

↓

EV/EBITDA

4.9x

↓

ROE

11.4%

↑

Gross Margin

55.0%

↑

Debt/Equity

0.50

↑
52-Week Range$19
$18$46

TradingView lightweight chart

AZZA3.SA price, volumen y niveles de valoración

Último $18.78Periodo -11.6%
Fair value: $18.78

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+40.8%

FCF CAGR

—

FCF margin

5.8%

FCF / Net income

0.76x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $11.82B · net income $911.2M · FCF $691.2M

2022-FY → 2025-FY

Gross margin

55.0%+1.0% pts

Operating margin

10.1%-2.9% pts

Net margin

7.7%-2.3% pts

FCF margin

5.8%+8.1% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$11.82B$11.82B$8.38B$4.85B$4.23B
Net Income$911.2M$911.2M$341.7M$399.4M$424.7M
EBITDA$1.53B$1.53B$654.1M$741.6M$763.8M
EPS4.514.512.563.513.76
Gross Margin55.0%55.0%53.3%54.2%53.9%
Operating Margin10.1%10.1%6.0%11.6%13.0%
Net Margin7.7%7.7%4.1%8.2%10.0%
Balance Sheet
Debt/Equity0.500.500.460.550.29
Current Ratio2.202.20———
Cash Flow
Free Cash Flow$691.2M$691.2M$-55.0M$177.4M$-94.9M
Returns
ROE11.4%11.4%4.4%13.7%16.0%
Valuation
P/E4.644.6411.2717.2720.14
EV/EBITDA4.874.8711.0111.3612.18
P/B0.480.480.502.373.22
Growth & Yield
Revenue Growth41.0%41.0%72.9%14.5%—
EPS Growth76.1%76.1%-27.0%-6.7%—
Dividend Yield13.2%13.2%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-28.3%

fácil

EPS terminal req.

$1.67

Spread vs growth

104.3%

5Y implied EPS CAGR

-14.9%

fácil

EPS terminal req.

$2.02

Spread vs growth

90.9%

10Y implied EPS CAGR

-3.2%

fácil

EPS terminal req.

$3.25

Spread vs growth

79.3%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -42.7%

Total return

-42.7%

Start / end P/E

16.6x → 4.2x

EPS bridge

2.56 → 4.51

Residual

-57.0%

EPS growth+76.1%
Multiple rerating-74.9%
Dividend+13.2%
Residual / FX / buybacks / cross-term-57.0%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.