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Valid Soluções S.A
Buy, Hold or Sell?

Should you buy, hold or sell Valid?

I guess you are interested in Valid Soluções 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 Valid

Let's start. I'm going to help you getting a better view of Valid Soluções 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 Valid Soluções 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 Valid Soluções S.A is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Valid Soluções S.A. The closing price on 2023-02-03 was R$8.97 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.
Valid Soluções S.A Daily Candlestick Chart
Valid Soluções S.A Daily Candlestick Chart
Summary









1. Valuation of Valid




Current price per share

R$8.97

2. Growth of Valid




Is Valid growing?

Current yearPrevious yearGrowGrow %
How rich?$257.6m$230.3m$16.8m6.8%

How much money is Valid making?

Current yearPrevious yearGrowGrow %
Making money$1.4m-$1.1m$2.6m182.0%
Net Profit Margin1.4%-1.3%--

How much money comes from the company's main activities?

3. Financial Health of Valid




Comparing to competitors in the Specialty Business Services industry




  Industry Rankings (Specialty Business Services)  


Richest
#63 / 230

Most Revenue
#73 / 230

Most Profit
#114 / 230

Most Efficient
#137 / 230


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

1.1. Profitability of Valid Soluções S.A.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Valid to the Specialty Business Services industry mean.
  • A Net Profit Margin of 4.4% means that R$0.04 for each R$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Valid Soluções S.A:

  • The MRQ is 4.4%. The company is making a profit. +1
  • The TTM is 1.4%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.4%TTM1.4%+3.1%
TTM1.4%YOY-1.3%+2.7%
TTM1.4%5Y-0.1%+1.5%
5Y-0.1%10Y3.1%-3.2%
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ4.4%2.8%+1.6%
TTM1.4%2.6%-1.2%
YOY-1.3%2.4%-3.7%
5Y-0.1%2.1%-2.2%
10Y3.1%2.5%+0.6%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Valid to the Specialty Business Services industry mean.
  • 0.8% Return on Assets means that Valid generated R$0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Valid Soluções S.A:

  • The MRQ is 0.8%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.8%TTM0.3%+0.6%
TTM0.3%YOY-0.2%+0.5%
TTM0.3%5Y0.1%+0.2%
5Y0.1%10Y0.8%-0.7%
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8%0.9%-0.1%
TTM0.3%0.8%-0.5%
YOY-0.2%0.8%-1.0%
5Y0.1%0.7%-0.6%
10Y0.8%0.7%+0.1%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Valid to the Specialty Business Services industry mean.
  • 1.7% Return on Equity means Valid generated R$0.02 for each R$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Valid Soluções S.A:

  • The MRQ is 1.7%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.5%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.7%TTM0.5%+1.2%
TTM0.5%YOY-0.7%+1.3%
TTM0.5%5Y0.0%+0.5%
5Y0.0%10Y1.6%-1.6%
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7%2.4%-0.7%
TTM0.5%2.4%-1.9%
YOY-0.7%1.8%-2.5%
5Y0.0%1.8%-1.8%
10Y1.6%1.8%-0.2%

1.2. Operating Efficiency of Valid Soluções S.A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Valid is operating .

  • Measures how much profit Valid 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 Valid to the Specialty Business Services industry mean.
  • An Operating Margin of 25.6% means the company generated R$0.26  for each R$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Valid Soluções S.A:

  • The MRQ is 25.6%. The company is operating very efficient. +2
  • The TTM is 18.9%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ25.6%TTM18.9%+6.7%
TTM18.9%YOY7.9%+11.0%
TTM18.9%5Y11.5%+7.4%
5Y11.5%10Y6.6%+4.9%
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ25.6%4.9%+20.7%
TTM18.9%3.6%+15.3%
YOY7.9%3.4%+4.5%
5Y11.5%3.7%+7.8%
10Y6.6%3.5%+3.1%
1.2.2. Operating Ratio

Measures how efficient Valid is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Business Services industry mean).
  • An Operation Ratio of 0.82 means that the operating costs are R$0.82 for each R$1 in net sales.

Let's take a look of the Operating Ratio trends of Valid Soluções S.A:

  • The MRQ is 0.817. The company is less efficient in keeping operating costs low.
  • The TTM is 0.861. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.817TTM0.861-0.044
TTM0.861YOY1.362-0.501
TTM0.8615Y1.463-0.601
5Y1.46310Y1.164+0.299
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8171.091-0.274
TTM0.8611.158-0.297
YOY1.3621.021+0.341
5Y1.4630.965+0.498
10Y1.1640.951+0.213

1.3. Liquidity of Valid Soluções S.A.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Specialty Business Services industry mean).
  • A Current Ratio of 1.61 means the company has R$1.61 in assets for each R$1 in short-term debts.

Let's take a look of the Current Ratio trends of Valid Soluções S.A:

  • The MRQ is 1.607. The company is able to pay all its short-term debts. +1
  • The TTM is 1.590. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.607TTM1.590+0.017
TTM1.590YOY1.424+0.166
TTM1.5905Y1.720-0.130
5Y1.72010Y1.054+0.666
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6071.377+0.230
TTM1.5901.310+0.280
YOY1.4241.380+0.044
5Y1.7201.427+0.293
10Y1.0541.286-0.232
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Valid to the Specialty Business Services industry mean.
  • A Quick Ratio of 1.22 means the company can pay off R$1.22 for each R$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Valid Soluções S.A:

  • The MRQ is 1.223. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.095. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.223TTM1.095+0.129
TTM1.095YOY1.028+0.066
TTM1.0955Y1.027+0.068
5Y1.02710Y0.992+0.035
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2230.818+0.405
TTM1.0950.836+0.259
YOY1.0280.867+0.161
5Y1.0270.947+0.080
10Y0.9920.892+0.100

1.4. Solvency of Valid Soluções S.A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Valid to Specialty Business Services industry mean.
  • A Debt to Asset Ratio of 0.50 means that Valid assets are financed with 50.2% credit (debt) and the remaining percentage (100% - 50.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Valid Soluções S.A:

  • The MRQ is 0.502. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.564. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.502TTM0.564-0.063
TTM0.564YOY0.606-0.041
TTM0.5645Y0.565-0.001
5Y0.56510Y0.549+0.016
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5020.573-0.071
TTM0.5640.589-0.025
YOY0.6060.589+0.017
5Y0.5650.567-0.002
10Y0.5490.547+0.002
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Valid to the Specialty Business Services industry mean.
  • A Debt to Equity ratio of 104.6% means that company has R$1.05 debt for each R$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Valid Soluções S.A:

  • The MRQ is 1.046. The company is able to pay all its debts with equity. +1
  • The TTM is 1.363. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.046TTM1.363-0.317
TTM1.363YOY1.571-0.209
TTM1.3635Y1.341+0.022
5Y1.34110Y1.245+0.096
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0461.291-0.245
TTM1.3631.438-0.075
YOY1.5711.328+0.243
5Y1.3411.221+0.120
10Y1.2451.278-0.033

2. Market Valuation of Valid Soluções 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 Valid generates.

  • Above 15 is considered overpriced but always compare Valid to the Specialty Business Services industry mean.
  • A PE ratio of 20.56 means the investor is paying R$20.56 for every R$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Valid Soluções S.A:

  • The EOD is 18.725. Very good. +2
  • The MRQ is 20.562. Very good. +2
  • The TTM is -43.144. Company is losing money. -2
Trends
Current periodCompared to+/- 
EOD18.725MRQ20.562-1.837
MRQ20.562TTM-43.144+63.706
TTM-43.144YOY-49.460+6.316
TTM-43.1445Y109.940-153.084
5Y109.94010Y123.787-13.847
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
EOD18.72535.446-16.721
MRQ20.56237.791-17.229
TTM-43.14451.377-94.521
YOY-49.46044.869-94.329
5Y109.94038.901+71.039
10Y123.78743.140+80.647
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Valid.

  • 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 Valid Soluções S.A:

  • The MRQ is 1.888. Seems overpriced? -1
  • The TTM is 3.595. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ1.888TTM3.595-1.707
TTM3.595YOY-10.286+13.881
TTM3.5955Y1,411.874-1,408.279
5Y1,411.87410Y859.497+552.377
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8880.243+1.645
TTM3.5950.098+3.497
YOY-10.2860.295-10.581
5Y1,411.8740.228+1,411.646
10Y859.4970.234+859.263

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

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

  • At or below 1 is considered healthy (always compare to Specialty Business Services industry mean).
  • A PB ratio of 0.61 means the investor is paying R$0.61 for each R$1 in book value.

Let's take a look of the Price to Book Ratio trends of Valid Soluções S.A:

  • The EOD is 0.558. Very good. +2
  • The MRQ is 0.613. Very good. +2
  • The TTM is 0.596. Very good. +2
Trends
Current periodCompared to+/- 
EOD0.558MRQ0.613-0.055
MRQ0.613TTM0.596+0.017
TTM0.596YOY0.645-0.049
TTM0.5965Y0.900-0.304
5Y0.90010Y2.450-1.551
Compared to industry (Specialty Business Services)
PeriodCompanyIndustry (mean)+/- 
EOD0.5581.816-1.258
MRQ0.6131.903-1.290
TTM0.5962.298-1.702
YOY0.6451.833-1.188
5Y0.9001.857-0.957
10Y2.4501.702+0.748
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Valid Soluções 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--0.3750.027+1282%0.322+16%0.187+100%0.241+56%
Book Value Growth--1.0551.009+5%1.027+3%1.017+4%1.029+2%
Book Value Per Share--16.07315.767+2%14.740+9%14.431+11%12.036+34%
Book Value Per Share Growth--1.0241.003+2%1.0250%1.015+1%1.0280%
Current Ratio--1.6071.590+1%1.424+13%1.720-7%1.054+53%
Debt To Asset Ratio--0.5020.564-11%0.606-17%0.565-11%0.549-9%
Debt To Equity Ratio--1.0461.363-23%1.571-33%1.341-22%1.245-16%
Dividend Per Share--0.2810.288-2%0.288-2%0.316-11%0.296-5%
Dividend Per Share Growth--0.9710.995-2%4.408-78%1.698-43%1.434-32%
Eps--0.4790.144+234%-0.077+116%0.018+2615%0.148+224%
Eps Growth--10.8893.157+245%-3.629+133%-2.040+119%-0.504+105%
Free Cash Flow Per Share--0.3500.927-62%0.251+39%0.487-28%0.592-41%
Free Cash Flow Per Share Growth--0.2791.117-75%7.563-96%2.415-88%2.572-89%
Free Cash Flow To Equity Per Share--0.3740.106+253%0.433-14%0.223+67%0.791-53%
Free Cash Flow To Equity Per Share Growth--2.5050.975+157%0.597+320%2.422+3%2.696-7%
Gross Profit Margin---0.9373.716-125%1.696-155%1.683-156%1.316-171%
Intrinsic Value_10Y_max--34.819--------
Intrinsic Value_10Y_min---22.082--------
Intrinsic Value_1Y_max--3.681--------
Intrinsic Value_1Y_min--1.215--------
Intrinsic Value_3Y_max--10.913--------
Intrinsic Value_3Y_min--0.703--------
Intrinsic Value_5Y_max--17.970--------
Intrinsic Value_5Y_min---3.035--------
Net Profit Margin--0.0440.014+221%-0.013+130%-0.001+102%0.031+43%
Operating Margin--0.2560.189+35%0.079+222%0.115+123%0.066+289%
Operating Ratio--0.8170.861-5%1.362-40%1.463-44%1.164-30%
Pb Ratio0.558-10%0.6130.596+3%0.645-5%0.900-32%2.450-75%
Pe Ratio18.725-10%20.562-43.144+310%-49.460+341%109.940-81%123.787-83%
Peg Ratio--1.8883.595-47%-10.286+645%1411.874-100%859.497-100%
Price Per Share8.970-10%9.8509.375+5%9.435+4%12.670-22%23.437-58%
Price To Total Gains Ratio13.674-10%15.0166.944+116%-15.399+203%-3.116+121%74.578-80%
Profit Growth--7.1322.216+222%-3.627+151%-2.228+131%-0.600+108%
Quick Ratio--1.2231.095+12%1.028+19%1.027+19%0.992+23%
Return On Assets--0.0080.003+218%-0.002+128%0.001+785%0.008+5%
Return On Equity--0.0170.005+218%-0.007+141%0.000+4014%0.016+6%
Revenue Growth--1.0700.966+11%1.031+4%1.016+5%1.024+4%
Total Gains Per Share--0.6560.315+108%0.610+8%0.503+30%0.537+22%
Total Gains Per Share Growth--0.6180.575+7%3.399-82%10.263-94%6.118-90%
Usd Book Value--257600694.300247180658.150+4%230320541.300+12%225091120.930+14%187535854.548+37%
Usd Book Value Change Per Share--0.0730.005+1282%0.063+16%0.036+100%0.047+56%
Usd Book Value Per Share--3.1333.073+2%2.873+9%2.813+11%2.346+34%
Usd Dividend Per Share--0.0550.056-2%0.056-2%0.062-11%0.058-5%
Usd Eps--0.0930.028+234%-0.015+116%0.003+2615%0.029+224%
Usd Free Cash Flow--5610976.10014460166.975-61%3915394.825+43%4312766.690+30%2156383.345+160%
Usd Free Cash Flow Per Share--0.0680.181-62%0.049+39%0.095-28%0.115-41%
Usd Free Cash Flow To Equity Per Share--0.0730.021+253%0.084-14%0.044+67%0.154-53%
Usd Price Per Share1.748-10%1.9201.827+5%1.839+4%2.469-22%4.568-58%
Usd Profit--4303002.2001446352.900+198%-1185430.525+128%119960.950+3487%2219574.798+94%
Usd Revenue--96729064.900103474894.975-7%104903560.700-8%95805375.330+1%83251086.730+16%
Usd Total Gains Per Share--0.1280.061+108%0.119+8%0.098+30%0.105+22%
 EOD+3 -2MRQTTM+31 -12YOY+30 -135Y+33 -1010Y+29 -14

3.2. Fundamental Score

Let's check the fundamental score of Valid Soluções S.A based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1518.725
Price to Book Ratio (EOD)Between0-10.558
Net Profit Margin (MRQ)Greater than00.044
Operating Margin (MRQ)Greater than00.256
Quick Ratio (MRQ)Greater than11.223
Current Ratio (MRQ)Greater than11.607
Debt to Asset Ratio (MRQ)Less than10.502
Debt to Equity Ratio (MRQ)Less than11.046
Return on Equity (MRQ)Greater than0.150.017
Return on Assets (MRQ)Greater than0.050.008
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Valid Soluções S.A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.919
Ma 20Greater thanMa 508.965
Ma 50Greater thanMa 1008.983
Ma 100Greater thanMa 2009.513
OpenGreater thanClose9.050
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in BRL. All numbers in thousands.

Summary
Total Assets2,653,549
Total Liabilities1,331,842
Total Stockholder Equity1,273,442
 As reported
Total Liabilities 1,331,842
Total Stockholder Equity+ 1,273,442
Total Assets = 2,653,549

Assets

Total Assets2,653,549
Total Current Assets1,172,284
Long-term Assets1,172,284
Total Current Assets
Cash And Cash Equivalents 345,447
Short-term Investments 35,989
Net Receivables 475,153
Inventory 287,996
Total Current Assets  (as reported)1,172,284
Total Current Assets  (calculated)1,144,585
+/- 27,699
Long-term Assets
Property Plant Equipment 265,828
Goodwill 478,307
Intangible Assets 239,272
Other Assets 436,487
Long-term Assets  (as reported)1,481,265
Long-term Assets  (calculated)1,419,894
+/- 61,371

Liabilities & Shareholders' Equity

Total Current Liabilities729,530
Long-term Liabilities602,312
Total Stockholder Equity1,273,442
Total Current Liabilities
Short-term Debt 354,148
Short Long Term Debt 344,830
Accounts payable 156,516
Other Current Liabilities 173,123
Total Current Liabilities  (as reported)729,530
Total Current Liabilities  (calculated)1,028,617
+/- 299,087
Long-term Liabilities
Long term Debt Total 751,932
Capital Lease Obligations Min Short Term Debt-332,164
Other Liabilities 146,774
Long-term Liabilities  (as reported)602,312
Long-term Liabilities  (calculated)566,542
+/- 35,770
Total Stockholder Equity
Common Stock1,022,370
Retained Earnings -307
Other Stockholders Equity 251,379
Total Stockholder Equity (as reported)1,273,442
Total Stockholder Equity (calculated)1,273,442
+/-0
Other
Capital Stock1,022,370
Cash And Equivalents156,957
Cash and Short Term Investments 381,436
Common Stock Shares Outstanding 82,230
Liabilities and Stockholders Equity 2,605,284
Net Debt 760,633
Net Invested Capital 2,357,538
Net Tangible Assets 555,863
Net Working Capital 442,754
Short Long Term Debt Total 1,106,080



Balance Sheet

Currency in BRL. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-03-312005-12-312004-12-312003-12-31
> Total Assets 
155,708
194,245
248,061
0
292,706
287,036
301,214
316,531
341,201
339,026
344,977
666,445
675,336
660,858
671,746
677,475
705,965
687,488
718,922
735,997
771,491
806,925
825,937
807,020
832,998
915,601
937,133
883,708
883,966
1,108,581
1,123,303
1,229,857
1,263,552
1,172,956
1,193,613
1,213,631
1,284,565
1,296,214
1,432,230
1,584,049
2,190,423
2,156,239
2,053,616
1,878,155
2,161,365
2,074,697
2,018,552
2,091,920
2,075,912
2,059,765
2,053,485
2,422,281
2,301,208
2,247,239
2,368,989
2,425,497
2,610,684
2,518,442
2,834,472
3,021,778
3,096,698
2,869,132
3,168,877
2,896,767
3,048,867
3,097,783
2,959,343
2,984,995
2,653,549
2,653,5492,984,9952,959,3433,097,7833,048,8672,896,7673,168,8772,869,1323,096,6983,021,7782,834,4722,518,4422,610,6842,425,4972,368,9892,247,2392,301,2082,422,2812,053,4852,059,7652,075,9122,091,9202,018,5522,074,6972,161,3651,878,1552,053,6162,156,2392,190,4231,584,0491,432,2301,296,2141,284,5651,213,6311,193,6131,172,9561,263,5521,229,8571,123,3031,108,581883,966883,708937,133915,601832,998807,020825,937806,925771,491735,997718,922687,488705,965677,475671,746660,858675,336666,445344,977339,026341,201316,531301,214287,036292,7060248,061194,245155,708
   > 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
0
0
902,566
867,725
894,278
884,777
859,518
866,149
1,141,452
999,937
962,385
980,994
1,050,366
1,160,915
1,082,136
1,181,425
1,397,765
1,456,326
1,304,819
1,517,930
1,208,184
1,307,589
1,326,685
1,342,596
1,418,845
1,172,284
1,172,2841,418,8451,342,5961,326,6851,307,5891,208,1841,517,9301,304,8191,456,3261,397,7651,181,4251,082,1361,160,9151,050,366980,994962,385999,9371,141,452866,149859,518884,777894,278867,725902,566000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
394,777
353,459
311,543
308,365
296,857
313,670
497,570
347,563
311,571
290,795
306,277
278,562
318,522
195,574
384,896
362,351
334,891
345,791
321,803
368,439
390,039
392,763
234,243
345,447
345,447234,243392,763390,039368,439321,803345,791334,891362,351384,896195,574318,522278,562306,277290,795311,571347,563497,570313,670296,857308,365311,543353,459394,777000000000000000000000000000000000000000000000
       Short-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
0
0
5,842
0
0
0
16,715
17,201
18,962
0
0
0
0
0
0
0
34,088
34,171
57,163
78,450
17,874
33,363
45,797
47,368
44,850
35,989
35,98944,85047,36845,79733,36317,87478,45057,16334,17134,088000000018,96217,20116,7150005,842000000000000000000000000000000000000000000000
       Net Receivables 
38,307
45,036
63,367
0
72,218
67,714
76,593
83,828
85,389
79,030
87,486
117,820
125,815
126,586
136,592
137,080
142,630
112,655
129,119
161,435
144,761
156,263
182,589
185,864
186,738
189,109
199,967
216,956
212,953
209,186
232,763
251,352
274,455
275,895
271,139
285,139
310,068
297,378
335,709
347,391
390,744
396,470
399,010
381,323
379,206
342,421
334,785
409,932
417,718
402,974
370,058
459,177
477,100
463,824
398,391
402,410
432,108
496,710
437,602
435,883
490,132
358,504
429,345
466,674
532,994
524,124
511,752
442,867
475,153
475,153442,867511,752524,124532,994466,674429,345358,504490,132435,883437,602496,710432,108402,410398,391463,824477,100459,177370,058402,974417,718409,932334,785342,421379,206381,323399,010396,470390,744347,391335,709297,378310,068285,139271,139275,895274,455251,352232,763209,186212,953216,956199,967189,109186,738185,864182,589156,263144,761161,435129,119112,655142,630137,080136,592126,586125,815117,82087,48679,03085,38983,82876,59367,71472,218063,36745,03638,307
       Other Current Assets 
2,942
7,812
7,268
0
7,913
6,905
6,959
8,693
7,613
6,672
4,411
10,277
8,219
6,299
5,837
6,278
5,990
4,373
4,294
4,875
5,156
411
3,161
4,009
5,176
6,151
5,140
6,375
5,923
4,833
6,476
6,386
5,848
7,846
7,774
7,009
6,026
8,812
13,621
0
0
43,062
37,321
68,921
35,438
30,527
55,420
42,380
35,987
24,710
40,911
791
791
41,088
791
0
70,100
61,080
0
0
14,704
13,546
14,851
553,861
607,050
585,346
581,076
897,877
502,852
502,852897,877581,076585,346607,050553,86114,85113,54614,7040061,08070,100079141,08879179140,91124,71035,98742,38055,42030,52735,43868,92137,32143,0620013,6218,8126,0267,0097,7747,8465,8486,3866,4764,8335,9236,3755,1406,1515,1764,0093,1614115,1564,8754,2944,3735,9906,2785,8376,2998,21910,2774,4116,6727,6138,6936,9596,9057,91307,2687,8122,942
   > 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
0
0
1,387,995
1,375,131
1,449,769
1,436,306
1,653,047
1,624,013
1,640,372
1,564,313
1,650,947
1,688,583
1,741,278
1,771,098
1,616,747
1,566,150
1,481,265
1,481,2651,566,1501,616,7471,771,0981,741,2781,688,5831,650,9471,564,3131,640,3721,624,0131,653,0471,436,3061,449,7691,375,1311,387,995000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
48,932
55,398
99,477
0
93,964
95,185
101,722
97,227
106,115
114,794
123,841
164,472
216,953
217,687
213,324
215,817
223,333
224,104
231,822
238,856
233,035
231,181
230,152
230,310
238,611
245,836
251,602
252,091
247,042
339,129
330,966
336,357
334,394
328,939
353,069
362,642
381,382
363,568
399,600
400,881
435,281
427,694
417,473
407,189
408,674
400,043
383,680
376,880
360,414
362,985
356,893
366,444
366,169
360,704
468,216
467,508
488,935
449,119
503,042
507,731
485,768
446,945
462,539
405,483
424,994
431,254
402,841
265,581
265,828
265,828265,581402,841431,254424,994405,483462,539446,945485,768507,731503,042449,119488,935467,508468,216360,704366,169366,444356,893362,985360,414376,880383,680400,043408,674407,189417,473427,694435,281400,881399,600363,568381,382362,642353,069328,939334,394336,357330,966339,129247,042252,091251,602245,836238,611230,310230,152231,181233,035238,856231,822224,104223,333215,817213,324217,687216,953164,472123,841114,794106,11597,227101,72295,18593,964099,47755,39848,932
       Goodwill 
0
0
0
0
0
6,301
0
5,637
0
0
16,448
146,326
126,796
117,241
117,241
117,241
117,241
117,241
0
0
162,752
162,610
162,610
162,610
162,610
162,610
162,610
159,882
162,651
161,463
159,748
163,730
0
162,436
173,520
171,824
174,128
163,079
171,966
242,130
279,631
453,741
431,500
398,553
402,272
400,506
393,054
408,246
428,846
410,139
412,560
457,281
472,694
462,338
462,940
458,404
501,333
493,782
599,548
594,626
628,535
579,213
616,625
541,634
573,573
582,663
516,692
529,114
478,307
478,307529,114516,692582,663573,573541,634616,625579,213628,535594,626599,548493,782501,333458,404462,940462,338472,694457,281412,560410,139428,846408,246393,054400,506402,272398,553431,500453,741279,631242,130171,966163,079174,128171,824173,520162,4360163,730159,748161,463162,651159,882162,610162,610162,610162,610162,610162,610162,75200117,241117,241117,241117,241117,241126,796146,32616,448005,63706,30100000
       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
0
0
323
241
158
5,807
39,745
39,685
42,837
43,813
44,639
44,309
42,275
44,437
0
0
0
0
0
0
0
0
0
0
0
0
00000000000044,43742,27544,30944,63943,81342,83739,68539,7455,807158241323000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
6,301
0
5,637
0
0
16,448
182,911
126,796
120,391
126,125
126,756
126,855
126,628
8,830
8,292
170,537
169,953
169,161
168,425
169,535
168,963
169,786
170,335
171,150
172,156
170,953
176,640
191,919
181,195
192,860
193,060
195,968
217,709
235,712
358,469
428,093
729,499
676,308
619,637
626,021
627,978
609,247
626,341
631,464
617,654
615,815
225,303
229,079
265,511
261,013
256,691
257,636
278,407
315,291
273,483
282,826
290,897
318,537
306,795
317,688
312,185
271,060
249,630
239,272
239,272249,630271,060312,185317,688306,795318,537290,897282,826273,483315,291278,407257,636256,691261,013265,511229,079225,303615,815617,654631,464626,341609,247627,978626,021619,637676,308729,499428,093358,469235,712217,709195,968193,060192,860181,195191,919176,640170,953172,156171,150170,335169,786168,963169,535168,425169,161169,953170,5378,2928,830126,628126,855126,756126,125120,391126,796182,91116,448005,63706,30100000
       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
0
0
1,387,995
1,375,131
1,449,769
1,436,306
1,653,047
0
0
0
0
118,695
135,149
304,318
287,949
398,034
333,107
333,107398,034287,949304,318135,149118,69500001,653,0471,436,3061,449,7691,375,1311,387,995000000000000000000000000000000000000000000000000000000
> Total Liabilities 
43,994
62,054
78,909
0
86,813
76,501
74,201
76,348
87,943
79,749
71,628
332,763
337,158
324,451
314,084
306,920
321,873
307,085
317,850
325,705
345,779
351,875
352,422
327,772
347,249
412,291
407,230
379,817
369,461
596,132
600,020
694,453
720,882
629,486
639,378
656,916
694,018
705,653
791,450
940,541
1,083,746
1,078,013
1,008,236
915,523
1,155,401
1,082,547
1,034,301
1,094,481
1,091,736
1,069,070
1,055,527
1,349,801
1,200,490
1,158,796
1,267,187
1,321,569
1,449,900
1,401,335
1,593,015
1,870,639
1,925,017
1,806,254
1,960,517
1,725,383
1,764,541
1,791,257
1,767,745
1,731,852
1,331,842
1,331,8421,731,8521,767,7451,791,2571,764,5411,725,3831,960,5171,806,2541,925,0171,870,6391,593,0151,401,3351,449,9001,321,5691,267,1871,158,7961,200,4901,349,8011,055,5271,069,0701,091,7361,094,4811,034,3011,082,5471,155,401915,5231,008,2361,078,0131,083,746940,541791,450705,653694,018656,916639,378629,486720,882694,453600,020596,132369,461379,817407,230412,291347,249327,772352,422351,875345,779325,705317,850307,085321,873306,920314,084324,451337,158332,76371,62879,74987,94376,34874,20176,50186,813078,90962,05443,994
   > Total Current Liabilities 
31,235
45,275
66,909
0
68,815
57,267
56,095
58,293
69,192
61,903
54,112
94,593
99,612
101,683
93,713
87,833
98,735
83,094
91,633
134,848
148,414
188,277
189,996
202,402
221,051
222,944
214,339
226,104
216,278
282,810
275,707
242,290
267,382
191,225
199,022
256,911
305,650
299,838
324,757
344,837
397,114
437,464
408,651
555,257
578,924
544,083
506,294
395,866
417,817
448,118
443,517
599,440
445,263
465,766
484,298
520,574
575,376
631,836
707,448
985,751
1,045,184
1,090,884
1,163,117
743,389
832,660
854,308
904,650
826,954
729,530
729,530826,954904,650854,308832,660743,3891,163,1171,090,8841,045,184985,751707,448631,836575,376520,574484,298465,766445,263599,440443,517448,118417,817395,866506,294544,083578,924555,257408,651437,464397,114344,837324,757299,838305,650256,911199,022191,225267,382242,290275,707282,810216,278226,104214,339222,944221,051202,402189,996188,277148,414134,84891,63383,09498,73587,83393,713101,68399,61294,59354,11261,90369,19258,29356,09557,26768,815066,90945,27531,235
       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
0
0
801,470
775,385
826,754
206,466
251,677
259,537
376,135
192,329
211,339
242,088
239,649
256,246
0
0
0
0
0
0
394,519
491,444
446,267
513,570
312,601
354,148
354,148312,601513,570446,267491,444394,519000000256,246239,649242,088211,339192,329376,135259,537251,677206,466826,754775,385801,470000000000000000000000000000000000000000000000
       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
0
0
801,470
775,385
826,754
206,466
251,677
259,537
376,135
192,329
211,339
242,088
239,649
256,246
0
342,989
603,921
641,281
0
811,493
375,914
472,765
0
494,991
0
344,830
344,8300494,9910472,765375,914811,4930641,281603,921342,9890256,246239,649242,088211,339192,329376,135259,537251,677206,466826,754775,385801,470000000000000000000000000000000000000000000000
       Accounts payable 
13,231
20,656
37,352
0
24,034
20,220
20,711
24,378
26,199
27,289
30,174
39,049
36,975
47,984
43,363
40,474
39,828
34,059
39,479
44,915
45,802
41,708
46,252
43,258
55,863
62,951
60,613
67,601
63,914
66,546
53,406
54,237
59,832
64,028
68,719
62,446
76,022
61,992
83,014
80,547
92,353
132,174
99,721
119,290
116,479
106,027
87,143
95,427
103,345
99,705
85,043
115,559
115,287
108,852
135,396
161,054
185,761
181,080
170,057
177,546
180,772
188,062
177,209
190,791
170,778
203,061
186,234
161,658
156,516
156,516161,658186,234203,061170,778190,791177,209188,062180,772177,546170,057181,080185,761161,054135,396108,852115,287115,55985,04399,705103,34595,42787,143106,027116,479119,29099,721132,17492,35380,54783,01461,99276,02262,44668,71964,02859,83254,23753,40666,54663,91467,60160,61362,95155,86343,25846,25241,70845,80244,91539,47934,05939,82840,47443,36347,98436,97539,04930,17427,28926,19924,37820,71120,22024,034037,35220,65613,231
       Other Current Liabilities 
18,004
24,619
29,557
0
44,781
37,047
35,384
33,915
42,993
34,614
23,938
50,183
50,756
47,932
38,948
42,827
50,102
45,406
43,534
48,861
56,091
69,883
61,483
83,627
84,215
82,319
70,230
81,631
73,067
77,297
78,404
82,865
93,176
108,269
97,614
106,733
105,319
116,281
102,349
126,356
135,943
137,115
136,267
117,359
118,337
112,007
98,850
101,476
101,908
92,528
95,841
34,318
52,008
67,864
37,157
35,473
28,841
91,261
80,773
75,783
83,094
59,756
59,925
158,079
132,473
175,645
168,871
311,339
173,123
173,123311,339168,871175,645132,473158,07959,92559,75683,09475,78380,77391,26128,84135,47337,15767,86452,00834,31895,84192,528101,908101,47698,850112,007118,337117,359136,267137,115135,943126,356102,349116,281105,319106,73397,614108,26993,17682,86578,40477,29773,06781,63170,23082,31984,21583,62761,48369,88356,09148,86143,53445,40650,10242,82738,94847,93250,75650,18323,93834,61442,99333,91535,38437,04744,781029,55724,61918,004
   > 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
0
0
782,889
800,995
854,745
769,499
868,030
864,635
855,769
665,592
745,234
981,994
931,881
936,949
863,095
904,898
602,312
602,312904,898863,095936,949931,881981,994745,234665,592855,769864,635868,030769,499854,745800,995782,889000000000000000000000000000000000000000000000000000000
       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
750,433
669,698
756,509
746,477
719,037
551,485
621,746
851,992
801,761
820,355
733,746
763,086
751,932
751,932763,086733,746820,355801,761851,992621,746551,485719,037746,477756,509669,698750,43300000000000000000000000000000000000000000000000000000000
       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
0
0
-801,470
-775,385
-826,754
-206,466
-251,677
-259,537
-376,135
-192,329
-211,339
-242,088
-239,649
-256,246
0
133,554
134,588
132,147
0
121,239
-292,101
-382,902
-446,267
-415,421
-312,601
-332,164
-332,164-312,601-415,421-446,267-382,902-292,101121,2390132,147134,588133,5540-256,246-239,649-242,088-211,339-192,329-376,135-259,537-251,677-206,466-826,754-775,385-801,470000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
-296,394
-296,39400000000100000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
111,714
132,191
169,152
169,152
205,893
210,535
227,013
240,183
253,258
259,277
273,349
333,682
338,178
336,407
357,662
370,555
384,092
380,403
401,072
410,292
425,712
455,050
473,515
479,248
485,749
503,310
529,903
503,891
514,505
512,449
523,283
535,404
542,670
543,470
554,235
556,715
590,547
590,561
640,780
643,508
1,106,677
1,065,756
1,033,031
952,237
994,813
980,721
972,728
985,108
972,886
979,001
985,683
1,058,521
1,086,262
1,071,908
1,086,461
1,088,171
1,160,784
1,098,865
1,241,457
1,151,139
1,171,681
1,062,878
1,208,360
1,124,037
1,235,003
1,258,804
1,144,675
1,204,691
1,273,442
1,273,4421,204,6911,144,6751,258,8041,235,0031,124,0371,208,3601,062,8781,171,6811,151,1391,241,4571,098,8651,160,7841,088,1711,086,4611,071,9081,086,2621,058,521985,683979,001972,886985,108972,728980,721994,813952,2371,033,0311,065,7561,106,677643,508640,780590,561590,547556,715554,235543,470542,670535,404523,283512,449514,505503,891529,903503,310485,749479,248473,515455,050425,712410,292401,072380,403384,092370,555357,662336,407338,178333,682273,349259,277253,258240,183227,013210,535205,893169,152169,152132,191111,714
   Common Stock
42,232
42,232
130,000
0
130,000
130,000
130,000
130,000
130,000
130,000
180,000
208,200
208,200
208,200
260,000
260,000
260,000
260,000
260,000
260,000
260,000
260,000
260,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
360,000
740,820
740,820
740,820
740,820
740,820
740,820
740,820
904,508
904,508
904,508
904,508
904,508
904,508
919,688
919,688
919,688
904,508
919,688
904,508
904,508
904,508
904,508
1,003,513
1,003,513
1,003,527
1,003,527
1,007,849
1,007,849
1,022,370
1,022,3701,007,8491,007,8491,003,5271,003,5271,003,5131,003,513904,508904,508904,508904,508919,688904,508919,688919,688919,688904,508904,508904,508904,508904,508904,508740,820740,820740,820740,820740,820740,820740,820360,000360,000360,000360,000360,000360,000360,000360,000360,000360,000360,000360,000360,000360,000360,000360,000360,000260,000260,000260,000260,000260,000260,000260,000260,000260,000208,200208,200208,200180,000130,000130,000130,000130,000130,000130,0000130,00042,23242,232
   Retained Earnings 
69,482
89,959
39,152
0
75,893
80,535
97,013
110,183
123,258
129,277
96,344
106,027
112,804
105,319
75,123
88,957
126,494
122,850
139,890
153,759
170,311
193,417
214,660
124,788
144,200
145,188
168,477
142,854
152,828
149,097
163,025
164,891
168,516
165,520
183,061
187,934
217,610
211,435
247,078
252,145
292,878
282,511
294,341
276,840
311,553
309,030
316,671
145,305
161,123
148,084
157,475
160,375
176,769
180,697
13,722
20,033
199,368
193,777
209,958
63,118
61,729
9,774
6,588
-25,403
26,855
45,774
-18,083
-22,385
-307
-307-22,385-18,08345,77426,855-25,4036,5889,77461,72963,118209,958193,777199,36820,03313,722180,697176,769160,375157,475148,084161,123145,305316,671309,030311,553276,840294,341282,511292,878252,145247,078211,435217,610187,934183,061165,520168,516164,891163,025149,097152,828142,854168,477145,188144,200124,788214,660193,417170,311153,759139,890122,850126,49488,95775,123105,319112,804106,02796,344129,277123,258110,18397,01380,53575,893039,15289,95969,482
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000-29,646-22,873-23,271-24,906-24,906-19,591-19,591-19,689-16,076-16,076000-14,889-14,949-14,949-13,073-13,073-11,746-5,069-1,345-1,345-1,345-1,718-1,7180-2,057-2,057-2,682-2,682-2,682-2,991-2,991-2,991-2,991-4,346-4,346-4,346-3,787-3,968-7,485-25,092-8,036-4,543-1,199-8,365-7,031-3,300-7,153-7,153-7,153-7,153-7,153-6,326-4,045-2,9950000000000
   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
0
0
-71,116
-83,026
-52,959
-79,672
-60,518
-64,683
5,255
19,776
-13,686
-14,596
-21,352
72,984
1,476
146,680
203,104
225,035
173,502
223,165
145,927
204,621
255,277
154,909
219,227
251,379
251,379219,227154,909255,277204,621145,927223,165173,502225,035203,104146,6801,47672,984-21,352-14,596-13,68619,7765,255-64,683-60,518-79,672-52,959-83,026-71,116000000000000000000000000000000000000000000000



Balance Sheet

Currency in BRL. All numbers in thousands.




Cash Flow

Currency in BRL. All numbers in thousands.