Fras Le SA

Chart & Performance

D1W1MN

P/E

14.33

P/S

1.60

EPS

1.41

Div Yield, %

2.06%

Shrs. gr., 5y

3.96%

Rev. gr., 5y

24.32%

Revenues

3.39b

+10.81%

Net income

377m

+84.24%

CFO

1.04b

Dividend

Jul 23, 20240.24588 BRL/sh

Earnings

Mar 10, 2025

Profile

Fras-le S.A. develops, produces, and sells friction materials for braking systems and other products in Brazil. The company offers brake linings for commercial vehicles; brake pads for commercial vehicles, automobiles, and motorcycles; brake linings for automobiles and railway shoes; brake shoes for commercial vehicles and automobiles; and clutch facings, molded linings, universal sheets, and industrial products. It also provides brake discs, drums, wheel Hubs, hydraulic cylinders, servo brakes, repair kits, actuators, and retaining valves for the brake system; shock absorbers, shock absorbers kits, suspension bushing kits, pivots, trays, and ball joints for the suspension system and steering, powertrain; pistons, valves, water pumps, oil pumps, fuel pumps, hoses, air filters, and gaskets for the engine; brake fluids, coolants, antifreeze, anticorrosive, additives, and lubricants; and cardan shaft and accessories, bearings, crosspieces, axles, shafts, repair kits, pinions, crowns, homokinetic joint gaskets, flanges, linkage bars, reaction bars, tie rod ends, steering bars, connection bars, CV joints, side steering rods, rod ends, joints, backing plates, riveting machines, rivets, dies, and iron and steel scraps. The company also exports its products to Europe, South America, and the Asia Pacific region. It serves OEMs and aftermarkets. Fras-le S.A. was founded in 1954 and is headquartered in Caxias do Sul, Brazil.

URL

http://ir.fras-le.com.br/

IPO date

Apr 30, 2004

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title BRL in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title BRL in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	3,388,657 10.81%	3,058,171 18.43%	2,582,166 54.55%
Cost of revenue	2,834,738	2,657,334	2,258,296
Unusual Expense (Income)
NOPBT	553,919	400,837	323,870
NOPBT Margin	16.35%	13.11%	12.54%
Operating Taxes	137,950	45,512	15,417
Tax Rate	24.90%	11.35%	4.76%
NOPAT	415,969	355,325	308,453
Net income	377,385 84.24%	204,838 -3.03%	211,228 12.14%
Dividends	(111,267)	(70,110)	(72,569)
Dividend yield	2.45%	2.89%	2.43%
Proceeds from repurchase of equity		629,400
BB yield		-25.95%
Debt
Debt current	321,665	181,242	208,052
Long-term debt	866,423	1,039,932	1,079,948
Deferred revenue	1,475	1,744	2,013
Other long-term liabilities	224,634	233,288	225,164
Net debt	137,624	159,186	924,342
Cash flow
Cash from operating activities	1,037,516	(105,071)	245,036
CAPEX	(133,700)	(84,136)	(107,563)
Cash from investing activities	(236,388)	(87,381)	(195,344)
Cash from financing activities	(318,571)	396,708	(129,336)
FCF	380,696	420,144	7,807
Balance
Cash	1,050,464	1,061,988	363,658
Long term investments
Excess cash	881,031	909,079	234,550
Stockholders' equity	2,089,506	1,831,979	1,076,010
Invested Capital	2,239,307	2,175,913	2,230,300
ROIC	18.84%	16.13%	15.02%
ROCE	17.75%	12.99%	13.14%
EV
Common stock shares outstanding	267,016	252,359	214,566
Price	17.00 76.90%	9.61 -31.01%	13.93 37.65%
Market cap	4,539,272 87.17%	2,425,170 -18.86%	2,988,904 37.65%
EV	4,699,822	2,598,893	3,923,632
EBITDA	678,614	520,916	437,384
EV/EBITDA	6.93	4.99	8.97
Interest	109,094	112,183	81,388
Interest/NOPBT	19.69%	27.99%	25.13%