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Cielo S.A.

Cielo S.A.

CIEL3.SA
Cielo S.A.BR flagB3 S.A.
5.82
BRL
-0.01
- -
15.73BMarket Cap
Cielo S.A.
CIEL3.SA
(B3 S.A.)

Recent

price

5.82

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
1.01
1.27
1.47
1.55
1.99
2.56
2.85
4.11
4.54
4.28
4.31
4.19
4.13
4.31
3.95
3.94
3.87
Revenue per Share
0.49
0.56
0.68
0.67
0.86
1.01
1.19
1.3
1.48
1.5
1.16
0.57
0.18
-0.19
0.52
0.78
0.68
Basic EPS, GAAP
0.27
0.27
0.47
0.56
0.45
0.76
0.69
1.05
1.89
2.03
1.35
0.46
0.53
0.4
-0.99
0.17
2.98
Free Cash Flow per Basic Share
0.5
0.44
0.56
0.52
0.52
0.63
0.74
0.53
0.51
0.82
1.55
0.63
0.08
0.22
0.36
0.44
0.5
Dividend per Share
0.23
0.31
0.04
0.1
0.18
0.38
0.74
0.92
1.29
1.73
2.1
2.1
2.1
2.1
2.11
2.12
2.12
Book Value per Share
0.23
0.29
0.39
0.44
0.17
0.47
0.74
-1.53
-0.2
0.83
0.66
0.79
0.8
1.2
4.46
5.02
4.33
Tangible Book Value per Share
2,715
2,716
2,708
2,710
2,711
2,634
2,708
2,708
2,710
2,713
2,714
2,713
2,710
2,709
2,704
2,692
2,693
Basic Weighted Avg Shares
2,748
3,445
3,992
4,209
5,385
6,734
7,726
11,122
12,301
11,600
11,686
11,354
11,186
11,685
10,693
10,601
10,432
Sales/Revenue/Turnover
70.62
61.05
59.38
51.87
52.27
48.2
44.38
39.44
37.26
37.07
31.42
16.35
8.15
1.71
26.12
30.58
22.68
Operating Margin (%)
150
160
193
238
316
391
427
902
966
947
958
1,091
1,229
1,106
975
913
884
Depreciation Expense
1,342
1,534
1,829
1,810
2,326
2,674
3,220
3,511
4,005
4,056
3,140
1,547
490
-505
1,411
2,087
1,826
Net Income, GAAP
34.61
34.2
33.3
33.29
33.87
33.62
32.84
32.81
30.52
29.93
27.9
29.61
33.59
1,329.17
25.41
26.32
19.29
Effective Tax Rate (%)
48.84
44.52
45.82
43.01
43.2
39.7
41.68
31.57
32.56
34.97
26.87
13.63
4.38
-4.32
13.2
19.69
17.51
Profit Margin (%)
299
334
520
544
1,807
2,740
3,414
4,612
5,891
9,336
9,282
8,731
8,663
11,940
13,185
14,703
12,652
Working Capital
277
42
- -
131
1,949
2,215
2,506
10,008
7,870
6,418
6,829
8,327
8,904
3,421
3,020
2,998
2,999
LT Debt
702
860
1,194
1,425
2,413
3,332
4,324
10,164
12,903
15,361
13,030
13,103
12,606
13,194
21,122
22,308
20,297
Total Equity
90.03
93.94
102.44
81.57
52.5
37.52
24.94
16.44
13.31
12.3
11.36
5.86
2.69
-11.7
8.62
8.04
7.07
Return on Invested Capital (%)
121.25
142.52
310.43
630.1
152.95
89.25
51.15
28.78
25.4
25.21
19.29
10.24
3.64
-60.62
12.02
13.6
13.56
Return on Capital (%)
221.67
210.02
382.41
920.64
597.37
356.48
214.66
156.06
133.52
98.93
60.39
27.15
8.6
-8.86
24.76
36.61
32.04
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
4,733
1,087
614
LT Borrowings
2,998
2,999
2,999
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,698
2,703
2,703
Market Capitalization
12,091
14,549
15,162

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
97,277
91,955
89,460
Cash, Cash Equivalents & STI
1,254
1,087
1,039
Accounts Receivable, Net
93,589
88,633
85,977
Inventories
- -
- -
- -
Total Current Liabilities
82,574
79,360
76,808
Payables & Accruals
- -
- -
- -
ST Debt
4,733
1,087
614
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.28%
13.43%
5.61%
Free Cash Flow
-43.75%
-107.45%
-116.57%
Net Income, GAAP
-63.14%
-130.73%
47.85%
Sales/Revenue/Turnover
5.51%
-1.84%
-0.86%
Total Cash Common Dividend
24.89%
22.14%
22.36%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
2,762
2,540
2,637
2,754
10,693
2023
2,570
2,642
2,619
2,770
10,601
2024
2,563
2,479
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.07
0.23
0.16
- -
0.52
2023
0.16
0.26
0.17
- -
0.78
2024
0.19
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.09
0.08
0.11
- -
0.36
2023
0.11
0.11
0.12
- -
0.44
2024
0.08
- -
- -
- -
- -
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Business
Cielo S.A. Cielo S.A. is a leading provider of electronic payment solutions and transaction processing services in Brazil. The company offers a comprehensive portfolio of products and services, including point-of-sale (POS) terminals for credit, debit, and contactless payments; Pix and QR Code acceptance; e-commerce solutions such as payment gateways, anti-fraud tools, and APIs; management of payment accounts; merchant accreditation and network services; rental, installation, and maintenance of POS equipment; big data analytics via Cielo Farol; digital wallets like Cielo Pay; and additional offerings such as Cielo Conciliator, Cielo Facilita, multi-receivables, electronic statements, and prepaid phone recharges through POS. Cielo serves a diverse customer base ranging from small entrepreneurs and medium-sized businesses to large retailers across multiple industries throughout Brazil, with subsidiary operations including Cielo USA, Inc. in the United States; it partners with major card issuers such as Visa, Mastercard, American Express, and Elo. Founded in 1995 as Companhia Brasileira de Meios de Pagamento (formerly VisaNet) through a joint venture involving Banco Bradesco S.A., Banco do Brasil S.A., and others, Cielo is headquartered in Barueri, São Paulo, Brazil. In recent developments, the company has focused on digital transformation and innovation, including expanded contactless payment capabilities ahead of Central Bank regulations in partnership with Banco do Brasil and Bradesco; leadership changes with Estanislau Mendes Llobatera Bassols as CEO since 2022 and Filipe Oliveira as CFO; and in August 2024, offerors acquired a 27.1% stake in the company through a public auction at BRL 5.82 per share, reflecting ongoing strategic ownership adjustments amid competitive dynamics in the payment processing sector.