Grendene SA
BOVESPA:GRND3

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Grendene SA Logo
Grendene SA
BOVESPA:GRND3
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Price: 5.29 BRL -1.86% Market Closed
Market Cap: 4.8B BRL
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Intrinsic Value

The intrinsic value of one GRND3 stock under the Base Case scenario is 6.38 BRL. Compared to the current market price of 5.29 BRL, Grendene SA is Undervalued by 17%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

GRND3 Intrinsic Value
6.38 BRL
Undervaluation 17%
Intrinsic Value
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Grendene SA

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Balance Sheet Decomposition
Grendene SA

Current Assets 2.9B
Cash & Short-Term Investments 1.2B
Receivables 1.2B
Other Current Assets 448.2m
Non-Current Assets 1.4B
Long-Term Investments 756m
PP&E 527.8m
Intangibles 66.4m
Other Non-Current Assets 48.1m
Current Liabilities 397.7m
Accounts Payable 75.5m
Accrued Liabilities 149.5m
Other Current Liabilities 172.7m
Non-Current Liabilities 19.8m
Long-Term Debt 12.3m
Other Non-Current Liabilities 7.6m
Efficiency

Earnings Waterfall
Grendene SA

Revenue
2.5B BRL
Cost of Revenue
-1.4B BRL
Gross Profit
1.2B BRL
Operating Expenses
-709.9m BRL
Operating Income
456.6m BRL
Other Expenses
191.3m BRL
Net Income
647.9m BRL

Free Cash Flow Analysis
Grendene SA

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

GRND3 Profitability Score
Profitability Due Diligence

Grendene SA's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive Net Income
Positive 3-Year Average ROE
60/100
Profitability
Score

Grendene SA's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

GRND3 Solvency Score
Solvency Due Diligence

Grendene SA's solvency score is 99/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
99/100
Solvency
Score

Grendene SA's solvency score is 99/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

GRND3 Price Targets Summary
Grendene SA

Wall Street analysts forecast GRND3 stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for GRND3 is 7.65 BRL with a low forecast of 7.58 BRL and a high forecast of 7.88 BRL.

Lowest
Price Target
7.58 BRL
43% Upside
Average
Price Target
7.65 BRL
45% Upside
Highest
Price Target
7.88 BRL
49% Upside
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Dividends

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Dividend Per Share
N/A
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0
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Shareholder Yield

Current shareholder yield for GRND3 is .

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Profile

Grendene SA Logo
Grendene SA

Country

Brazil

Industry

Textiles, Apparel & Luxury Goods

Market Cap

4.8B BRL

Dividend Yield

8.83%

Description

Grendene SA engages in the development, manufactures distribution, and sale of footwear. The company is headquartered in Sobral, Ceara and currently employs 17,192 full-time employees. The company went IPO on 2004-10-29. The firm's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The firm sells its products through commercial representatives, distributors and direct export. The company operates a number of manufacturing plants in Brazil. The company controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.

Contact

CEARA
Sobral
Avenida Pimentel Gomes 214, Expectativa
+558831122999
grendene.com.br

IPO

2004-10-29

Employees

17 192

Officers

CEO & Member of Executive Board
Mr. Rudimar Dall'Onder
Chief Administrative & Financial Officer, Investor Relations Officer and Member of Executive Board
Mr. Alceu Demartini de Albuquerque
Deputy CEO & Member of Executive Board
Mr. Gelson Luis Rostirolla
Accountant
Gisele Carina Pistore Pereira
Controller Division Manager
Luiz Carlos Schneider
Brand Director of Melissa
Paulo AntĂ´nio PedĂł Filho

See Also

Discover More
What is the Intrinsic Value of one GRND3 stock?

The intrinsic value of one GRND3 stock under the Base Case scenario is 6.38 BRL.

Is GRND3 stock undervalued or overvalued?

Compared to the current market price of 5.29 BRL, Grendene SA is Undervalued by 17%.

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