1. Brazil Stocks

  2. •

    Financial Services

  3. •

    Asset Management
Cielo S.A.

Cielo S.A.

CIOXF
Cielo S.A.US flagOther OTC
8.77
USD
+1.46
- -
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
1.55
1.99
2.49
3.26
4.11
4.54
4.28
4.31
4.19
4.13
4.31
- -
- -
- -
Basic EPS, GAAP
0.67
0.86
0.99
1.36
1.3
1.48
1.5
1.16
0.57
0.18
-0.19
- -
- -
- -
Free Cash Flow per Basic Share
0.56
0.45
0.74
0.79
1.05
1.89
2.03
1.35
0.46
0.53
0.4
- -
- -
- -
Dividend per Share
0.52
0.52
0.62
0.85
0.53
0.51
0.82
1.55
0.63
0.08
0.22
- -
- -
- -
Book Value per Share
0.1
0.18
0.37
0.84
0.92
1.29
1.73
2.1
2.1
2.1
2.1
- -
- -
- -
Tangible Book Value per Share
0.44
0.17
0.46
0.84
-1.53
-0.2
0.83
0.66
0.79
0.8
1.2
- -
- -
- -
Basic Weighted Avg Shares
2,709
2,711
2,709
2,368
2,708
2,710
2,713
2,714
2,713
2,710
2,709
- -
- -
- -
Sales/Revenue/Turnover
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
Operating Margin (%)
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
Depreciation Expense
238
316
391
427
902
966
947
958
1,091
1,229
1,106
975
913
884
Net Income, GAAP
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
Effective Tax Rate (%)
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
Profit Margin (%)
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
Working Capital
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
LT Debt
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
Total Equity
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
Return on Invested Capital (%)
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 Capital (%)
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 Common Equity (%)
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

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
- -
- -
- -

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
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.09
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChat
Sector
Financial Services
Industry
Asset Management
Address
Brazil
IPO Date
Jul 29, 2014
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Business
Cielo S.A. (CIOXF) operates as Brazil's leading provider of electronic payment solutions, specializing in credit and debit card processing and merchant acquiring services across Latin America. The company offers a comprehensive suite of products and services, including point-of-sale (POS) terminals such as Cielo TAP for mobile payments; online payment gateways like Checkout Cielo; prepaid and contactless card solutions; merchant onboarding and accreditation; transaction processing for Visa, Mastercard, American Express, and Elo networks; rental, installation, and maintenance of over 1.4 million POS terminals; business intelligence tools; financial management services; and software licensing for accounts payable and receivable. Cielo serves diverse customer segments from small and medium-sized enterprises to large retailers, processing over six billion transactions annually through its extensive network in Brazil and limited operations in the United States via subsidiary Cielo USA, Inc. Founded in 1995 as a joint venture between Visa International and Brazilian banks including Bradesco and Banco do Brasil—headquartered in Barueri, São Paulo state—the company, formerly VisaNet, rebranded to Cielo S.A. in 2009 following regulatory changes allowing multi-network processing. Its principal shareholders encompass entities affiliated with Banco do Brasil and Bradesco, underpinning its market dominance as Latin America's largest payment system by revenue. Cielo operates primarily in the financial services sector, focusing on fintech, acquiring, and acceptance segments with emphasis on innovation like AI-enhanced platforms and reduced time-to-market for new solutions by 70%. In recent developments, controlling shareholders including Quixaba Empreendimentos, BB Elo Cartões Participações, Elo Participações, Alelo, and Livelo launched a unified public tender offer in February 2024, acquiring an additional 27.1% of shares at BRL 5.82 per share in August 2024 for approximately BRL 4.3 billion, culminating in the company's delisting from B3's Novo Mercado segment and conversion to category B registration. This strategic shift, unanimously approved by independent board members, provides operational flexibility amid competition and regulatory pressures while maintaining a 31% premium over recent trading averages. Cielo continues investments in technology, reporting total payment volume growth of 2.6% in 2024 with projected industry-aligned expansion in 2025, alongside advancements in contactless payments accelerated with Banco do Brasil and Bradesco partners.