1. Brazil Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Footwear & Accessories
Arezzo Indústria e Comércio S.A.

Arezzo Indústria e Comércio S.A.

ARZZ3.SA
Arezzo Indústria e Comércio S.A.BR flagB3 S.A.
48.65
BRL
-0.04
- -
5.40BMarket Cap
Arezzo Indústria e Comércio S.A.
ARZZ3.SA
(B3 S.A.)

Recent

price

48.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
18.76
5.27
7.3
7.75
9.71
10.87
11.88
12.63
13.96
15.22
16.96
18.52
17.36
29.36
38.77
43.74
46.25
Revenue per Share
1.14
0.62
0.82
1.05
1.09
1.25
1.27
1.35
1.31
1.73
1.59
1.79
0.53
3.47
3.89
3.6
3.96
Basic EPS, GAAP
-0.44
0.37
0.08
0.15
-0.07
0.24
0.67
0.74
0.86
1.68
0.77
1.54
1.9
0.73
-0.87
1.6
2.06
Free Cash Flow per Basic Share
- -
0.27
0.5
0.32
0.15
0.38
0.36
0.51
0.34
1.59
0.82
1.1
0.31
0.03
0.7
0.3
0.23
Dividend per Share
1.03
0.27
0.27
1.67
2.94
4.12
5.3
6.42
6.52
6.94
7.14
3.96
10.49
8.05
15.23
15.69
17.73
Book Value per Share
4.08
1.39
1.68
4.03
4.59
5.05
5.48
5.94
6.57
6.56
7.16
7.4
5.66
6.23
12.74
12.34
13.54
Tangible Book Value per Share
20
78
78
88
89
89
89
89
89
89
90
91
92
100
109
111
111
Basic Weighted Avg Shares
367
412
572
679
860
963
1,053
1,121
1,239
1,360
1,527
1,679
1,591
2,924
4,234
4,847
5,120
Sales/Revenue/Turnover
10.73
14.29
16.24
16.74
14.81
15.34
14.21
12.75
12.21
12.8
12.48
13.09
7.11
15.95
12.98
11.59
11.2
Operating Margin (%)
- -
2
3
4
8
11
13
24
26
33
41
80
81
106
166
223
239
Depreciation Expense
22
49
65
92
97
111
113
120
116
154
143
162
49
345
425
399
438
Net Income, GAAP
35.17
17.18
27.72
26.97
27.44
29.18
30.18
27.28
26.02
15.56
16.09
20.88
10.95
14.89
10.64
- -
10.57
Effective Tax Rate (%)
6.08
11.83
11.29
13.49
11.26
11.48
10.71
10.68
9.37
11.35
9.34
9.66
3.05
11.81
10.03
8.24
8.56
Profit Margin (%)
91
90
115
330
386
409
440
467
504
498
586
516
653
128
748
623
858
Working Capital
18
15
19
18
51
39
34
38
27
18
67
191
555
213
295
606
758
LT Debt
85
120
146
384
454
515
576
618
670
665
711
746
1,349
1,592
2,655
2,929
3,087
Total Equity
- -
30.48
36.45
25.98
18.42
17.47
15.82
14.32
14.35
17.61
18.56
17.22
5.9
16.91
16.49
- -
- -
Return on Invested Capital (%)
- -
68.52
100.21
77.67
36.56
27.81
22.39
19.25
17.22
21.15
19.25
22.83
5.43
22.59
24.07
- -
14.91
Return on Capital (%)
- -
235.08
302.15
109.27
47.68
35.36
26.99
23.02
20.23
25.77
22.6
32.36
7.36
39.16
34.45
23.48
22.68
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
990
842
920
LT Borrowings
199
351
389
LT Finance Leases
408
370
369
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
111
111
111
Market Capitalization
7,114
7,102
5,685

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
2,915
2,677
2,844
Cash, Cash Equivalents & STI
750
593
563
Accounts Receivable, Net
1,125
903
963
Inventories
774
865
918
Total Current Liabilities
2,292
1,872
1,986
Payables & Accruals
- -
- -
- -
ST Debt
990
842
920
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.47%
36.16%
10.34%
Free Cash Flow
-19.99%
-89.73%
-286.94%
Net Income, GAAP
60.18%
114.26%
-5.96%
Sales/Revenue/Turnover
19.61%
29.56%
14.48%
Total Cash Common Dividend
299.54%
533.63%
-56.75%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
840
945
1,138
1,311
4,234
2023
1,025
1,131
1,266
1,425
4,847
2024
1,072
1,357
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.92
1.11
0.9
- -
3.89
2023
0.57
0.91
1.03
- -
3.6
2024
0.66
1.17
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.25
- -
- -
- -
0.7
2023
- -
- -
- -
- -
0.3
2024
- -
- -
- -
- -
- -
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Business
Azzas 2154 S.A., formerly Arezzo Indústria e Comércio S.A., operates as a leading Brazilian fashion retailer specializing in women's footwear, handbags, clothing, and accessories; its core brand portfolio encompasses Arezzo for premium casual footwear and bags, Schutz for trendy high-heeled shoes and apparel, Anacapri for flexible flat sandals, Alexandre Birman for luxury high-end designs, Fiever and Alme for accessible fashion items, alongside expanded offerings in women's and men's lifestyle clothing and democratic apparel segments following recent integration; the company manages an integrated value chain from design and manufacturing to multibrand retail through owned stores, franchises, and e-commerce platforms. Founded in 1972 and headquartered in Belo Horizonte, Brazil, with operational facilities in Cariacica, Espírito Santo, Azzas 2154 primarily serves the Latin American market, particularly Brazil, targeting diverse consumer segments across income levels via approximately 630 franchise stores, 45 company-owned outlets, and digital channels. In July 2024, the company completed the merger with Grupo de Moda Soma S.A. for BRL 5.9 billion, approved by CADE in March 2024, creating four business units—footwear and bags, women's lifestyle clothing, men's lifestyle clothing, and democratic clothing—increasing capital stock by BRL 578.9 million through issuance of 95.5 million new shares and adopting the new name Azzas 2154 S.A. under ticker AZZA3.SA, with joint governance by legacy shareholders of both entities.