Hapvida Participacoes e Investimentos SA

Hapvida Participacoes e Investimentos SA

8.76
BRL
-0.10
(-1.13%)
-0.36EPS
4.84BMarket Cap
Nov 11Next Earn
Hapvida Participacoes e Investimentos SA
B3:HAPV3F
(B3)

Recent

price

8.76

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
BRL
- -
7.75
9.57
20.61
20.43
21.88
34.54
38.57
52.1
55.85
56.76
62.93
66.07
Revenue per Share
- -
0.95
1.44
3.48
3.52
3.3
3.16
1.94
-1.7
-1.23
-1.27
-0.28
-0.36
Basic EPS, GAAP
- -
1
1.44
2.62
1.38
1.49
3.87
-1.78
0.52
4.18
4.78
4.16
2.97
Free Cash Flow per Basic Share
- -
0.23
0.61
0.86
3.68
0.75
0.83
1.11
2.23
- -
- -
- -
- -
Dividend per Share
1.14
1.51
2.33
2.15
16.08
29.31
31.61
40.99
104.06
99.43
98.4
101.63
101.17
Book Value per Share
1.14
1.43
2.24
1.94
15.57
7.78
9.31
11.69
-3.09
-1.21
-1.62
-1.16
-1.22
Tangible Book Value per Share
219
317
317
187
224
258
248
256
456
500
509
502
485
Basic Weighted Avg Shares
- -
2,459
3,036
3,848
4,576
5,634
8,555
9,883
23,749
27,950
28,915
31,577
32,023
Sales/Revenue/Turnover
- -
13.07
15.39
20.05
19.02
19.7
15.9
6.44
0.21
6.04
5.99
6.04
6.92
Operating Margin (%)
- -
22
21
41
42
200
752
895
2,187
1,625
1,717
1,562
1,365
Depreciation Expense
- -
301
457
649
787
850
783
498
-777
-615
-649
-142
-174
Net Income, GAAP
- -
17.5
22.02
27.31
24.37
24.58
30.67
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
12.25
15.05
16.86
17.21
15.08
9.16
5.04
-3.27
-2.2
-2.25
-0.45
-0.54
Profit Margin (%)
455
121
-162
-301
288
472
1,381
134
1,179
2,892
5,820
4,989
4,986
Working Capital
14
112
35
48
- -
2,959
3,000
5,959
11,990
12,279
15,046
14,040
14,114
LT Debt
251
332
511
472
3,606
7,262
7,831
10,573
49,299
49,683
48,677
48,250
48,063
Total Equity
- -
72.74
66.31
91.65
30.83
11.09
8.24
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
82.48
92.96
121.44
39.64
13.5
8.33
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
103.45
108.53
132.1
38.65
15.65
10.38
5.41
-2.6
-1.24
-1.32
-0.29
-0.36
Return on Common Equity (%)

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,414
1,845
1,426
LT Borrowings
12,021
12,032
12,058
LT Finance Leases
2,019
2,064
2,056
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
475
475
475
Market Capitalization
7,064
4,713
4,841

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,539
11,213
10,957
Cash, Cash Equivalents & STI
7,863
8,330
7,887
Accounts Receivable, Net
346
387
467
Inventories
363
448
378
Total Current Liabilities
5,550
6,259
5,972
Payables & Accruals
- -
- -
- -
ST Debt
1,414
1,845
1,426
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
121.85%
79.83%
-0.88%
Free Cash Flow
67.77%
97.85%
-14.17%
Net Income, GAAP
-27.09%
-77.21%
-78.17%
Sales/Revenue/Turnover
33.03%
37.23%
9.21%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,156
6,614
7,733
7,411
28,915
2025
7,804
7,961
7,918
7,894
31,577
2026
8,076
8,135
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
-0.75
-0.16
-0.51
-1.27
2025
0.38
-0.66
0.17
-0.18
-0.28
2026
-0.21
-0.16
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Hapvida Participações e Investimentos S.A. is a Brazilian holding company operating in the healthcare sector, headquartered in Fortaleza, Ceará, founded in 1979. The company primarily engages in the sale of health insurance plans covering medical care costs, delivered mainly through its own clinical, outpatient, and hospital networks, and in the sale of dental plans serviced through a credentialed network. Hapvida operates an integrated healthcare model with a verticalized business strategy, running a network comprising hospitals, emergency care units, clinics, diagnostic imaging centers, and laboratories across Brazil. Its core products include medical assistance plans (individual/family and corporate) offered in various coverage categories—Nosso Plano, Mix, and Pleno—providing access to exclusive care networks and credentialed providers; and dental assistance plans available in four coverage types such as Prevention and Urgency, Mixed, Prepayment, and Beyond ANS List, with broad national reach supported by credentialed dentists throughout Brazil. The company completed a significant business combination in 2022 with Notre Dame Intermédica, enhancing its geographic coverage, product portfolio, and health solutions. Hapvida focuses on operational integration and expanding its own care network to offer high-quality, low-cost healthcare services. Recent strategic moves include infrastructure investments to expand hospital and clinic presence, system integration advancements, and operational efficiencies reducing scheduling times. It emphasizes the use of technology for data alignment between its operator and care networks to optimize cost control, reduce waste, and ensure quality care for beneficiaries. The company operates across all five Brazilian regions, particularly concentrating its growth efforts in the Northeast and key states such as São Paulo, Rio de Janeiro, and Minas Gerais. Hapvida's latest developments include raising significant capital through debenture issuances to fund future projects, a reduction in claim rates to historic lows, and successful integration of its acquired entities to improve customer service and reduce cancellations. These advancements have contributed to financial resilience evidenced by strong EBITDA growth and an upgrade in the company’s risk rating. The business continues to expand its service offerings and geographic footprint through new hospital projects under build-to-suit financing in major metropolitan areas, further strengthening its position as a leading managed healthcare provider in Brazil. Hapvida serves over 4 million health plan customers and approximately 3 million dental plan customers through a large network of owned and credentialed healthcare units nationwide.