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Viver Incorporadora e Construtora S.A










Financial Health of Viver




Comparing to competitors in the Real Estate-Development industry




  Industry Rankings  


Viver Incorporadora e Construtora S.A
Buy, Hold or Sell?

Should you buy, hold or sell Viver?

I guess you are interested in Viver Incorporadora e Construtora S.A. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Viver

Let's start. I'm going to help you getting a better view of Viver Incorporadora e Construtora S.A. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Viver Incorporadora e Construtora S.A even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Viver Incorporadora e Construtora S.A is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Viver Incorporadora e Construtora S.A. The closing price on 2022-12-02 was R$0.5 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Viver Incorporadora e Construtora S.A Daily Candlestick Chart

Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is unable to pay all its debts by selling its assets.

1.1. Profitability of Viver Incorporadora e Construtora S.A.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Viver earns for each R$1 of revenue.

  • Above 10% is considered healthy but always compare Viver to the Real Estate-Development industry mean.
  • A Net Profit Margin of 67.2% means that R$0.67 for each R$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is 67.2%. The company is making a huge profit. +2
  • The TTM is -277.4%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ67.2%TTM-277.4%+344.6%
TTM-277.4%YOY-352.8%+75.3%
TTM-277.4%5Y-238.0%-39.4%
5Y-238.0%10Y-456.3%+218.2%
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ67.2%5.0%+62.2%
TTM-277.4%2.9%-280.3%
YOY-352.8%3.9%-356.7%
5Y-238.0%5.4%-243.4%
10Y-456.3%7.1%-463.4%
1.1.2. Return on Assets

Shows how efficient Viver is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Viver to the Real Estate-Development industry mean.
  • 5.7% Return on Assets means that Viver generated R$0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is 5.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is -3.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ5.7%TTM-3.7%+9.4%
TTM-3.7%YOY-10.3%+6.6%
TTM-3.7%5Y-6.6%+2.8%
5Y-6.6%10Y-6.7%+0.1%
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ5.7%0.3%+5.4%
TTM-3.7%0.4%-4.1%
YOY-10.3%0.4%-10.7%
5Y-6.6%0.5%-7.1%
10Y-6.7%0.6%-7.3%
1.1.3. Return on Equity

Shows how efficient Viver is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Viver to the Real Estate-Development industry mean.
  • 0.0% Return on Equity means Viver generated R$0.00 for each R$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-9.7%+9.7%
5Y-9.7%10Y-8.4%-1.3%
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.9%-0.9%
TTM-1.1%-1.1%
YOY-1.3%-1.3%
5Y-9.7%1.4%-11.1%
10Y-8.4%1.8%-10.2%

1.2. Operating Efficiency of Viver Incorporadora e Construtora S.A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Viver is operating .

  • Measures how much profit Viver makes for each R$1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Viver to the Real Estate-Development industry mean.
  • An Operating Margin of -32.8% means the company generated R$-0.33  for each R$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is -32.8%. The company is operating very inefficient. -2
  • The TTM is -343.9%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-32.8%TTM-343.9%+311.1%
TTM-343.9%YOY-245.5%-98.4%
TTM-343.9%5Y-146.8%-197.1%
5Y-146.8%10Y-183.2%+36.4%
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ-32.8%7.3%-40.1%
TTM-343.9%3.8%-347.7%
YOY-245.5%5.6%-251.1%
5Y-146.8%8.4%-155.2%
10Y-183.2%7.5%-190.7%
1.2.2. Operating Ratio

Measures how efficient Viver is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Real Estate-Development industry mean).
  • An Operation Ratio of 2.29 means that the operating costs are R$2.29 for each R$1 in net sales.

Let's take a look of the Operating Ratio trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is 2.285. The company is inefficient in keeping operating costs low. -1
  • The TTM is 6.128. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ2.285TTM6.128-3.843
TTM6.128YOY3.853+2.275
TTM6.1285Y3.122+3.006
5Y3.12210Y3.400-0.278
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2851.321+0.964
TTM6.1281.248+4.880
YOY3.8531.101+2.752
5Y3.1221.024+2.098
10Y3.4000.802+2.598

1.3. Liquidity of Viver Incorporadora e Construtora S.A.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Viver is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Real Estate-Development industry mean).
  • A Current Ratio of 0.44 means the company has R$0.44 in assets for each R$1 in short-term debts.

Let's take a look of the Current Ratio trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is 0.439. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.454. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.439TTM0.454-0.015
TTM0.454YOY0.374+0.080
TTM0.4545Y0.567-0.113
5Y0.56710Y0.5670.000
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4391.663-1.224
TTM0.4541.629-1.175
YOY0.3741.591-1.217
5Y0.5671.670-1.103
10Y0.5671.413-0.846
1.3.2. Quick Ratio

Measures if Viver is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Viver to the Real Estate-Development industry mean.
  • A Quick Ratio of 0.21 means the company can pay off R$0.21 for each R$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is 0.212. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.251. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.212TTM0.251-0.039
TTM0.251YOY0.180+0.071
TTM0.2515Y0.252-0.002
5Y0.25210Y0.258-0.006
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2120.239-0.027
TTM0.2510.238+0.013
YOY0.1800.274-0.094
5Y0.2520.260-0.008
10Y0.2580.212+0.046

1.4. Solvency of Viver Incorporadora e Construtora S.A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Viver assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Viver to Real Estate-Development industry mean.
  • A Debt to Asset Ratio of 1.61 means that Viver assets are financed with 161.0% credit (debt) and the remaining percentage (100% - 161.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is 1.610. The company is unable to pay all its debts by selling its assets. -2
  • The TTM is 1.597. The company is unable to pay all its debts by selling its assets. -2
Trends
Current periodCompared to+/- 
MRQ1.610TTM1.597+0.013
TTM1.597YOY1.613-0.017
TTM1.5975Y1.350+0.247
5Y1.35010Y1.381-0.031
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6100.627+0.983
TTM1.5970.630+0.967
YOY1.6130.633+0.980
5Y1.3500.606+0.744
10Y1.3810.595+0.786
1.4.2. Debt to Equity Ratio

Measures if Viver is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Viver to the Real Estate-Development industry mean.
  • A Debt to Equity ratio of 0.0% means that company has R$0.00 debt for each R$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y1.079-1.079
5Y1.07910Y0.938+0.141
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.787-1.787
TTM-1.836-1.836
YOY-1.778-1.778
5Y1.0791.663-0.584
10Y0.9381.678-0.740

2. Market Valuation of Viver Incorporadora e Construtora S.A

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every R$1 in earnings Viver generates.

  • Above 15 is considered overpriced but always compare Viver to the Real Estate-Development industry mean.
  • A PE ratio of 5.50 means the investor is paying R$5.50 for every R$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Viver Incorporadora e Construtora S.A:

  • The EOD is 4.582. Very good. +2
  • The MRQ is 5.499. Very good. +2
  • The TTM is -10.991. Company is losing money. -2
Trends
Current periodCompared to+/- 
EOD4.582MRQ5.499-0.916
MRQ5.499TTM-10.991+16.490
TTM-10.991YOY498.367-509.358
TTM-10.9915Y94.730-105.721
5Y94.73010Y81.540+13.190
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
EOD4.58216.427-11.845
MRQ5.49919.908-14.409
TTM-10.99123.146-34.137
YOY498.36726.337+472.030
5Y94.73024.755+69.975
10Y81.54020.652+60.888
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Viver.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Viver Incorporadora e Construtora S.A:

  • The MRQ is 3.739. Seems overpriced? -1
  • The TTM is 6.264. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ3.739TTM6.264-2.526
TTM6.264YOY87.432-81.167
TTM6.2645Y32.107-25.842
5Y32.10710Y28.095+4.011
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7390.172+3.567
TTM6.2640.016+6.248
YOY87.4320.018+87.414
5Y32.1070.018+32.089
10Y28.0950.022+28.073

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Viver is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Real Estate-Development industry mean).
  • A PB ratio of -0.51 means the investor is paying R$-0.51 for each R$1 in book value.

Let's take a look of the Price to Book Ratio trends of Viver Incorporadora e Construtora S.A:

  • The EOD is -0.429. Bad. Book ratio is negative. -2
  • The MRQ is -0.515. Bad. Book ratio is negative. -2
  • The TTM is -1.149. Bad. Book ratio is negative. -2
Trends
Current periodCompared to+/- 
EOD-0.429MRQ-0.515+0.086
MRQ-0.515TTM-1.149+0.634
TTM-1.149YOY-1.951+0.802
TTM-1.1495Y-2.655+1.506
5Y-2.65510Y-2.385-0.270
Compared to industry (Real Estate-Development)
PeriodCompanyIndustry (mean)+/- 
EOD-0.4290.555-0.984
MRQ-0.5150.642-1.157
TTM-1.1490.710-1.859
YOY-1.9510.696-2.647
5Y-2.6550.681-3.336
10Y-2.3850.541-2.926
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Viver Incorporadora e Construtora S.A compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.109-0.033+130%-0.024+122%0.131-17%-0.352+423%
Book Value Growth---0.789-0.813+3%-0.808+2%-0.600-24%-0.655-17%
Book Value Per Share---1.165-1.191+2%-1.226+5%-0.928-20%-1.249+7%
Book Value Per Share Growth--0.094-0.027+128%-0.004+104%0.241-61%0.060+56%
Current Ratio--0.4390.454-3%0.374+17%0.567-23%0.567-23%
Debt To Asset Ratio--1.6101.597+1%1.6130%1.350+19%1.381+17%
Debt To Equity Ratio----0%-0%1.079-100%0.938-100%
Dividend Per Share----0%-0%-0%-0%
Eps--0.109-0.077+171%-0.214+296%-0.199+282%-0.230+311%
Eps Growth--1.4710.936+57%141.721-99%29.056-95%25.302-94%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Net Profit Margin--0.672-2.774+513%-3.528+625%-2.380+454%-4.563+779%
Operating Margin---0.328-3.439+948%-2.455+648%-1.468+348%-1.832+458%
Operating Ratio--2.2856.128-63%3.853-41%3.122-27%3.400-33%
Pb Ratio-0.429+17%-0.515-1.149+123%-1.951+279%-2.655+416%-2.385+363%
Pe Ratio4.582-20%5.499-10.991+300%498.367-99%94.730-94%81.540-93%
Peg Ratio--3.7396.264-40%87.432-96%32.107-88%28.095-87%
Price Per Share0.500-20%0.6001.345-55%2.190-73%1.510-60%1.572-62%
Price To Total Gains Ratio4.583-20%5.499-15.982+391%180.417-97%30.210-82%25.538-78%
Profit Growth--109.068-22.336+120%2729.551-96%511.177-79%434.661-75%
Quick Ratio--0.2120.251-16%0.180+18%0.252-16%0.258-18%
Return On Assets--0.057-0.037+165%-0.103+280%-0.066+215%-0.067+217%
Return On Equity----0%-0%-0.0970%-0.0840%
Revenue Growth--0.9850.656+50%0.820+20%0.342+188%-0.098+110%
Total Gains Per Share--0.109-0.033+130%-0.024+122%0.131-17%-0.352+423%
Total Gains Per Share Growth--1.471-0.984+167%43.516-97%7.015-79%8.505-83%
Usd Book Value---36894070.800-37697549.850+2%-38836345.500+5%-29400149.250-20%-39558013.513+7%
Usd Book Value Change Per Share--0.021-0.006+130%-0.005+122%0.025-17%-0.068+423%
Usd Book Value Per Share---0.224-0.229+2%-0.236+5%-0.179-20%-0.241+7%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.021-0.015+171%-0.041+296%-0.038+282%-0.044+311%
Usd Price Per Share0.096-20%0.1160.259-55%0.422-73%0.291-60%0.303-62%
Usd Profit--3455051.400-2439134.550+171%-6784046.100+296%-6289381.890+282%-7280313.496+311%
Usd Revenue--5143768.2002602748.250+98%3225327.750+59%1969662.420+161%1842411.600+179%
Usd Total Gains Per Share--0.021-0.006+130%-0.005+122%0.025-17%-0.068+423%
 EOD+2 -3MRQTTM+24 -6YOY+24 -65Y+13 -1810Y+21 -10

3.2. Fundamental Score

Let's check the fundamental score of Viver Incorporadora e Construtora S.A based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-154.582
Price to Book Ratio (EOD)Between0-1-0.429
Net Profit Margin (MRQ)Greater than00.672
Operating Margin (MRQ)Greater than0-0.328
Quick Ratio (MRQ)Greater than10.212
Current Ratio (MRQ)Greater than10.439
Debt to Asset Ratio (MRQ)Less than11.610
Debt to Equity Ratio (MRQ)Less than10.000
Return on Equity (MRQ)Greater than0.150.000
Return on Assets (MRQ)Greater than0.050.057
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Viver Incorporadora e Construtora S.A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5041.771
Ma 20Greater thanMa 500.595
Ma 50Greater thanMa 1000.546
Ma 100Greater thanMa 2000.578
OpenGreater thanClose0.490
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in BRL. All numbers in thousands.

Summary
Total Assets313,976
Total Liabilities505,534
Total Stockholder Equity-191,558
 As reported
Total Liabilities 505,534
Total Stockholder Equity+ -191,558
Total Assets = 313,976

Assets

Total Assets313,976
Total Current Assets153,798
Long-term Assets153,798
Total Current Assets
Cash And Cash Equivalents 21,188
Net Receivables 53,080
Inventory 78,943
Total Current Assets  (as reported)153,798
Total Current Assets  (calculated)153,211
+/- 587
Long-term Assets
Property Plant Equipment 2,767
Intangible Assets 190
Other Assets 150,766
Long-term Assets  (as reported)160,178
Long-term Assets  (calculated)153,723
+/- 6,455

Liabilities & Shareholders' Equity

Total Current Liabilities350,410
Long-term Liabilities155,124
Total Stockholder Equity-191,558
Total Current Liabilities
Short Long Term Debt 211,326
Accounts payable 13,577
Other Current Liabilities 72,193
Total Current Liabilities  (as reported)350,410
Total Current Liabilities  (calculated)297,096
+/- 53,314
Long-term Liabilities
Long term Debt Total 27,852
Other Liabilities 127,272
Long-term Liabilities  (as reported)155,124
Long-term Liabilities  (calculated)155,124
+/-0
Total Stockholder Equity
Common Stock2,449,892
Retained Earnings -2,558,351
Other Stockholders Equity -83,099
Total Stockholder Equity (as reported)-191,558
Total Stockholder Equity (calculated)-191,558
+/-0
Other
Capital Stock2,449,892
Cash And Equivalents21,147
Cash and Short Term Investments 21,188
Common Stock Shares Outstanding 142,903
Liabilities and Stockholders Equity 313,976
Net Debt 217,138
Net Invested Capital 46,768
Net Tangible Assets -191,748
Net Working Capital -196,612



Balance Sheet

Currency in BRL. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-03-312005-12-312004-12-31
> Total Assets 
349,941
315,334
0
445,914
819,471
1,364,673
1,447,991
1,456,127
1,574,188
1,655,467
1,714,766
1,667,026
1,817,525
1,795,618
1,844,207
1,938,761
2,244,267
2,301,686
2,384,403
2,524,188
2,929,818
3,096,221
3,164,885
3,118,797
3,132,181
3,091,743
2,857,335
2,575,218
2,380,682
2,361,282
2,210,394
1,976,902
1,914,868
1,665,443
1,613,929
1,531,576
1,515,374
1,469,175
1,436,134
1,307,012
1,239,612
1,177,847
1,085,060
984,399
957,109
918,008
827,352
821,007
806,747
771,134
769,955
647,844
633,572
587,856
553,725
512,942
498,103
484,292
358,187
323,481
306,775
338,536
346,030
328,603
325,847
313,976
313,976325,847328,603346,030338,536306,775323,481358,187484,292498,103512,942553,725587,856633,572647,844769,955771,134806,747821,007827,352918,008957,109984,3991,085,0601,177,8471,239,6121,307,0121,436,1341,469,1751,515,3741,531,5761,613,9291,665,4431,914,8681,976,9022,210,3942,361,2822,380,6822,575,2182,857,3353,091,7433,132,1813,118,7973,164,8853,096,2212,929,8182,524,1882,384,4032,301,6862,244,2671,938,7611,844,2071,795,6181,817,5251,667,0261,714,7661,655,4671,574,1881,456,1271,447,9911,364,673819,471445,9140315,334349,941
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
742,538
720,902
713,315
648,685
627,845
616,646
599,575
600,584
435,641
297,881
281,625
191,755
195,823
193,231
195,383
164,346
116,473
106,317
148,897
162,041
163,271
165,994
153,798
153,798165,994163,271162,041148,897106,317116,473164,346195,383193,231195,823191,755281,625297,881435,641600,584599,575616,646627,845648,685713,315720,902742,5380000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
18,188
8,430
0
46,658
33,367
503,174
15,938
189,742
21,671
9,898
37,253
73,216
161,391
117,882
106,963
82,830
308,552
247,477
211,838
190,025
263,927
334,572
225,559
136,990
103,992
100,251
154,125
83,967
30,397
48,642
16,364
77,403
75,825
67,698
47,507
29,598
25,356
46,383
49,727
22,738
24,369
25,502
24,601
33,081
26,028
29,396
17,543
15,545
13,754
9,306
9,408
7,810
6,181
6,231
2,466
5,461
3,238
9,659
19,476
26,553
28,074
64,786
65,960
62,990
42,593
21,188
21,18842,59362,99065,96064,78628,07426,55319,4769,6593,2385,4612,4666,2316,1817,8109,4089,30613,75415,54517,54329,39626,02833,08124,60125,50224,36922,73849,72746,38325,35629,59847,50767,69875,82577,40316,36448,64230,39783,967154,125100,251103,992136,990225,559334,572263,927190,025211,838247,477308,55282,830106,963117,882161,39173,21637,2539,89821,671189,74215,938503,17433,36746,65808,43018,188
       Short-term Investments 
0
0
0
0
0
0
365,918
0
100,444
34,051
10,346
0
9,394
8,458
8,666
0
0
0
0
0
0
0
140,894
238,158
0
184,383
104,444
99,083
111,525
106,021
110,557
102,100
94,676
72,254
47,644
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000000000047,64472,25494,676102,100110,557106,021111,52599,083104,444184,3830238,158140,89400000008,6668,4589,394010,34634,051100,4440365,918000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
395,847
383,986
359,920
332,863
321,631
310,323
303,882
309,409
249,452
109,123
96,993
28,172
22,004
20,583
24,005
22,346
22,682
23,988
36,406
35,935
34,166
39,793
53,080
53,08039,79334,16635,93536,40623,98822,68222,34624,00520,58322,00428,17296,993109,123249,452309,409303,882310,323321,631332,863359,920383,986395,8470000000000000000000000000000000000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,506
8,461
8,500
6,716
6,540
9,644
10,010
10,371
5,785
133
56
1
413
0
0
0
0
0
0
0
0
4,047
0
04,047000000004131561335,78510,37110,0109,6446,5406,7168,5008,4618,5060000000000000000000000000000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
335,691
306,231
361,970
317,119
304,872
288,909
193,841
207,008
200,458
189,639
183,989
165,332
159,853
160,178
160,178159,853165,332183,989189,639200,458207,008193,841288,909304,872317,119361,970306,231335,6910000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,926
0
0
0
0
0
0
0
0
0
0
7,601
7,139
6,736
6,325
5,922
5,531
5,149
4,766
4,374
4,010
3,680
1,780
488
187
2,955
2,919
2,823
2,712
2,600
2,593
2,555
2,608
2,767
2,7672,6082,5552,5932,6002,7122,8232,9192,9551874881,7803,6804,0104,3744,7665,1495,5315,9226,3256,7367,1397,601000000000017,92600000000000000000000000000000000
       Goodwill 
0
0
0
0
0
0
0
21,541
0
36,991
37,140
0
0
0
0
14,627
0
0
0
14,627
14,627
14,627
14,627
21,779
21,778
21,779
21,779
7,152
7,152
7,152
7,152
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000000000000007,1527,1527,1527,15221,77921,77921,77821,77914,62714,62714,62714,62700014,627000037,14036,991021,5410000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30,091
30,091
8,607
8,597
8,557
8,557
8,160
8,222
15,969
15,965
9,426
9,302
0
0
0
0
0
0
0
0
0
0
0
000000000009,3029,42615,96515,9698,2228,1608,5578,5578,5978,60730,09130,0910000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
21,541
0
36,991
37,140
14,697
14,974
14,984
15,631
15,628
16,168
17,431
20,825
23,007
24,590
27,914
29,944
38,451
38,426
39,438
39,557
24,931
24,384
23,839
23,293
15,597
15,070
14,527
13,994
13,451
12,908
12,539
11,979
11,420
10,861
10,302
9,743
9,184
8,624
8,066
7,508
6,950
6,393
5,835
5,292
4,749
4,206
3,663
3,121
2,578
2,035
1,492
1,034
529
455
381
307
233
159
190
1901592333073814555291,0341,4922,0352,5783,1213,6634,2064,7495,2925,8356,3936,9507,5088,0668,6249,1849,74310,30210,86111,42011,97912,53912,90813,45113,99414,52715,07015,59723,29323,83924,38424,93139,55739,43838,42638,45129,94427,91424,59023,00720,82517,43116,16815,62815,63114,98414,97414,69737,14036,991021,5410000000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
121,726
174,630
211,485
209,543
206,805
195,314
153,401
175,012
167,722
156,976
0
136,317
128,562
123,148
123,148128,562136,3170156,976167,722175,012153,401195,314206,805209,543211,485174,630121,7260000000000000000000000000000000000000000000000000000
> Total Liabilities 
280,426
267,563
0
415,999
785,826
652,594
727,070
731,679
843,718
924,418
1,005,526
1,048,689
1,054,403
1,037,976
1,052,739
1,144,815
1,186,318
1,229,361
1,283,404
1,403,357
1,800,762
1,956,862
2,038,225
2,112,894
2,148,108
2,153,399
2,104,648
1,985,899
1,823,402
1,852,744
1,772,304
1,661,890
1,634,951
1,490,755
1,467,993
1,450,063
1,477,632
1,499,083
1,523,190
1,491,724
1,513,665
1,525,938
1,513,792
1,493,893
1,495,039
1,541,567
1,433,090
886,971
891,369
876,026
946,829
601,732
567,060
600,424
646,310
647,097
642,575
638,532
540,296
550,769
533,802
508,682
526,844
529,654
535,343
505,534
505,534535,343529,654526,844508,682533,802550,769540,296638,532642,575647,097646,310600,424567,060601,732946,829876,026891,369886,9711,433,0901,541,5671,495,0391,493,8931,513,7921,525,9381,513,6651,491,7241,523,1901,499,0831,477,6321,450,0631,467,9931,490,7551,634,9511,661,8901,772,3041,852,7441,823,4021,985,8992,104,6482,153,3992,148,1082,112,8942,038,2251,956,8621,800,7621,403,3571,283,4041,229,3611,186,3181,144,8151,052,7391,037,9761,054,4031,048,6891,005,526924,418843,718731,679727,070652,594785,826415,9990267,563280,426
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,265,595
1,257,023
1,317,249
1,226,903
730,071
739,386
707,964
784,740
421,267
400,816
425,610
438,953
438,600
443,362
446,227
384,429
360,200
350,086
337,649
345,702
361,841
363,204
350,410
350,410363,204361,841345,702337,649350,086360,200384,429446,227443,362438,600438,953425,610400,816421,267784,740707,964739,386730,0711,226,9031,317,2491,257,0231,265,5950000000000000000000000000000000000000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,158,917
1,145,590
1,187,528
1,099,239
600,686
607,294
588,478
665,363
289,165
244,066
248,367
251,258
196,163
198,474
203,580
209,643
210,331
215,066
210,624
210,624
211,226
0
0
00211,226210,624210,624215,066210,331209,643203,580198,474196,163251,258248,367244,066289,165665,363588,478607,294600,6861,099,2391,187,5281,145,5901,158,9170000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,158,917
1,145,590
1,187,528
1,099,239
600,686
607,294
588,478
665,363
289,165
267,275
248,367
251,258
196,163
198,474
203,580
209,643
210,331
215,066
210,624
210,624
211,226
210,972
211,326
211,326210,972211,226210,624210,624215,066210,331209,643203,580198,474196,163251,258248,367267,275289,165665,363588,478607,294600,6861,099,2391,187,5281,145,5901,158,9170000000000000000000000000000000000000000000
       Accounts payable 
4,393
9,086
0
1,738
31,820
45,097
43,283
45,790
55,764
63,479
58,450
58,791
54,333
60,232
79,060
26,398
80,679
81,628
85,170
80,860
34,844
33,053
32,293
39,940
40,551
40,526
42,991
32,294
34,137
34,038
30,882
29,903
30,055
27,548
29,935
39,166
28,671
28,612
26,108
28,876
28,998
31,245
25,439
23,552
22,097
21,210
21,265
13,464
82,002
81,130
10,749
11,698
88,797
110,045
118,124
15,620
15,623
15,927
10,273
10,818
10,477
8,756
11,707
13,089
15,446
13,577
13,57715,44613,08911,7078,75610,47710,81810,27315,92715,62315,620118,124110,04588,79711,69810,74981,13082,00213,46421,26521,21022,09723,55225,43931,24528,99828,87626,10828,61228,67139,16629,93527,54830,05529,90330,88234,03834,13732,29442,99140,52640,55139,94032,29333,05334,84480,86085,17081,62880,67926,39879,06060,23254,33358,79158,45063,47955,76445,79043,28345,09731,8201,73809,0864,393
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
94,862
76,609
81,740
76,312
91,268
27,610
15,809
83,949
99,460
98,851
113,319
126,956
118,966
114,450
114,419
101,089
106,425
93,133
86,857
89,709
79,189
79,241
72,193
72,19379,24179,18989,70986,85793,133106,425101,089114,419114,450118,966126,956113,31998,85199,46083,94915,80927,61091,26876,31281,74076,60994,8620000000000000000000000000000000000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
166,244
174,814
207,357
208,497
199,213
192,305
155,867
190,569
183,716
171,033
181,142
167,813
172,139
155,124
155,124172,139167,813181,142171,033183,716190,569155,867192,305199,213208,497207,357174,814166,2440000000000000000000000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,000
27,953
27,852
27,85227,95315,000000000000000000000000000000000000000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,158,917
-1,145,590
-1,187,528
-1,099,239
-600,686
-607,294
-588,478
-665,363
-289,165
-244,066
-248,367
-251,258
-196,163
-198,474
-203,580
-209,643
-210,331
-215,066
-210,624
-208,889
-209,660
1,442
1,346
1,3461,442-209,660-208,889-210,624-215,066-210,331-209,643-203,580-198,474-196,163-251,258-248,367-244,066-289,165-665,363-588,478-607,294-600,686-1,099,239-1,187,528-1,145,590-1,158,9170000000000000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,623
2,705
3,572
3,573
3,562
5,392
5,271
5,757
5,523
2,199
91
53
40
27
274053912,1995,5235,7575,2715,3923,5623,5733,5722,7052,6230000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
69,515
47,771
47,771
29,915
33,517
712,079
720,921
724,448
730,470
731,049
709,240
618,337
763,122
757,642
791,468
793,946
1,057,949
1,072,325
1,100,999
1,120,831
1,129,056
1,139,359
1,126,660
1,005,903
984,073
938,344
752,687
589,319
549,546
503,402
430,386
308,263
273,121
168,162
139,553
74,911
31,126
0
0
0
0
0
0
-509,494
-537,930
-623,559
-605,738
-65,964
-84,622
-104,892
-176,874
46,112
66,512
-12,568
-92,585
-134,155
-144,472
-154,240
-182,109
-227,288
-227,027
-170,146
-180,814
-201,051
-209,496
-191,558
-191,558-209,496-201,051-180,814-170,146-227,027-227,288-182,109-154,240-144,472-134,155-92,585-12,56866,51246,112-176,874-104,892-84,622-65,964-605,738-623,559-537,930-509,49400000031,12674,911139,553168,162273,121308,263430,386503,402549,546589,319752,687938,344984,0731,005,9031,126,6601,139,3591,129,0561,120,8311,100,9991,072,3251,057,949793,946791,468757,642763,122618,337709,240731,049730,470724,448720,921712,07933,51729,91547,77147,77169,515
   Common Stock
37,995
37,995
0
29,915
29,915
785,915
785,915
785,915
785,915
785,915
785,915
785,915
948,551
948,551
965,915
965,915
1,208,063
1,208,063
1,208,063
1,208,063
1,208,063
1,208,063
1,208,063
1,245,915
1,245,915
1,245,915
1,245,915
1,295,571
1,295,915
1,295,915
1,295,915
1,295,915
1,295,915
1,295,915
1,295,915
1,295,915
1,295,915
1,295,915
1,296,872
1,297,145
1,297,405
1,297,405
1,298,070
1,319,533
1,319,544
1,319,544
1,319,544
1,319,626
1,319,626
1,890,869
1,890,879
2,192,987
2,228,183
2,228,183
2,228,183
2,233,232
2,233,232
2,250,415
2,302,175
2,339,025
2,339,025
2,351,063
2,400,929
2,449,892
2,449,892
2,449,892
2,449,8922,449,8922,449,8922,400,9292,351,0632,339,0252,339,0252,302,1752,250,4152,233,2322,233,2322,228,1832,228,1832,228,1832,192,9871,890,8791,890,8691,319,6261,319,6261,319,5441,319,5441,319,5441,319,5331,298,0701,297,4051,297,4051,297,1451,296,8721,295,9151,295,9151,295,9151,295,9151,295,9151,295,9151,295,9151,295,9151,295,9151,295,9151,295,5711,245,9151,245,9151,245,9151,245,9151,208,0631,208,0631,208,0631,208,0631,208,0631,208,0631,208,063965,915965,915948,551948,551785,915785,915785,915785,915785,915785,915785,91529,91529,915037,99537,995
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-37,855
-37,855
-37,855
-37,855
526,214
526,214
-37,855
-37,855
-37,855
-37,855
-37,855
-37,855
-37,855
-37,855
-37,855
-37,855
-37,855
-37,855
-13,515
-56,000
-83,099
-83,099
-83,099
-83,099-83,099-83,099-56,000-13,515-37,855-37,855-37,855-37,855-37,855-37,855-37,855-37,855-37,855-37,855-37,855-37,855526,214526,214-37,855-37,855-37,855-37,8550000000000000000000000000000000000000000000



Balance Sheet

Currency in BRL. All numbers in thousands.




Cash Flow

Currency in BRL. All numbers in thousands.




Income Statement

Currency in BRL. All numbers in thousands.