Alphaville SA

Alphaville SA's capital structure is highly leveraged, with total liabilities of BRL 14.47 billion and total equity of BRL -76.54 million, resulting in a debt-to-equity ratio of -7.14. The company's liquidity position is weak, as indicated by a current ratio of 0.73, and its operating cash flow is negative at BRL -4.95 million. Despite this, the company generates positive free cash flow of BRL 52.52 million, which may be used to service debt or fund operations.

Profitability metrics show mixed results. The company's return on assets is 3.7%, which is relatively low for the construction and engineering industry. However, its return on equity is negative at -66.22%, largely due to the negative equity position. Gross profit of BRL 43.27 million and operating income of BRL 16.58 million indicate some level of operational efficiency, but the net income of BRL 50.69 million suggests that the company is still profitable despite its financial leverage.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and project-specific risks. The absence of segment or geographic breakdown in the financial data limits the ability to assess the company's risk profile in detail.

Looking ahead, the company's growth trajectory is uncertain. While the current fiscal year shows a net income of BRL 50.69 million, the outlook for the next fiscal year is not provided. The company's capital expenditure of BRL -148,000 suggests minimal investment in new projects, which may limit future growth opportunities. The negative operating cash flow also raises concerns about the company's ability to sustain operations without external financing.

The risk assessment highlights medium liquidity risk and low dilution risk. The company's negative net cash position after subtracting total debt is a key flag. The low dilution risk is supported by the fact that the number of shares outstanding remains unchanged between basic and diluted shares. However, the company's high debt levels and negative equity position may lead to increased financial risk in the future.

Recent events, including the latest financial filing, show a consistent revenue of BRL 108.02 million and a net income of BRL 50.69 million. The company's financial performance is closely monitored by analysts, with a mean price target of BRL 9.90. The lack of recent transcripts or filings beyond the latest financial data limits the ability to assess any strategic changes or new initiatives.

Revenue surged 120.6% year-over-year to BRL 584.9 million, demonstrating strong top-line growth momentum in the latest period.

Operating income improved 172.1% year-over-year to BRL 132.4 million, indicating a substantial recovery in core profitability.

Debt-to-equity ratio of -7.14 is rated best-in-class, reflecting a net cash position relative to equity.

The company faces high credit risk, signaling potential difficulties in meeting financial obligations or maintaining solvency.

Free cash flow remains negative at BRL -104.2 million, indicating ongoing cash burn despite operating income improvements.

Cash conversion of -0.10 is below the cohort median of 0.66, suggesting poor translation of earnings into cash.

Revenue BRL 234.8M; Operating income BRL 36.9M.

• ▍Revenue BRL 234.8M
• ▍Operating income BRL 36.9M
• ▍Net margin 4.5%

Revenue BRL 193.8M; Operating income BRL 60.3M.

• ▍Revenue BRL 193.8M
• ▍Operating income BRL 60.3M
• ▍Net margin 2.1%

Revenue BRL 145.6M; Operating income BRL 33.9M.

• ▍Revenue BRL 145.6M
• ▍Operating income BRL 33.9M
• ▍Net margin 0.5%

Revenue BRL 678.8M, +41,8% YoY; Operating income +174,2% YoY.

• ▍Revenue BRL 678.8M, +41,8% YoY
• ▍Operating income +174,2% YoY
• ▍Net income +111,3% YoY
• ▍Free cash flow +114,8% YoY
• ▍Net margin 9.7%

Revenue BRL 478.6M, +80,5% YoY; Operating income −6,5% YoY.

• ▍Revenue BRL 478.6M, +80,5% YoY
• ▍Operating income −6,5% YoY
• ▍Net income −42,2% YoY
• ▍Free cash flow −41,0% YoY
• ▍Net margin -122.1%