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SEMAPA-SOCIEDADE DE INVESTIM (SEM.LS) Stock Fundamental Analysis

ELI:SEM - PTSEM0AM0004 - Common Stock

17.76 EUR
+0.08 (+0.45%)
Last: 9/5/2025, 7:00:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to SEM. SEM was compared to 11 industry peers in the Paper & Forest Products industry. While SEM has a great profitability rating, there are quite some concerns on its financial health. SEM is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

SEM had positive earnings in the past year.
SEM had a positive operating cash flow in the past year.
SEM had positive earnings in each of the past 5 years.
In the past 5 years SEM always reported a positive cash flow from operatings.
SEM.LS Yearly Net Income VS EBIT VS OCF VS FCFSEM.LS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

1.2 Ratios

Looking at the Return On Assets, with a value of 4.37%, SEM belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
With an excellent Return On Equity value of 14.19%, SEM belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
The Return On Invested Capital of SEM (9.47%) is better than 81.82% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SEM is significantly above the industry average of 6.25%.
Industry RankSector Rank
ROA 4.37%
ROE 14.19%
ROIC 9.47%
ROA(3y)5.44%
ROA(5y)4.85%
ROE(3y)18.01%
ROE(5y)16.68%
ROIC(3y)13.01%
ROIC(5y)10.48%
SEM.LS Yearly ROA, ROE, ROICSEM.LS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

SEM's Profit Margin of 8.17% is amongst the best of the industry. SEM outperforms 81.82% of its industry peers.
SEM's Profit Margin has improved in the last couple of years.
SEM has a better Operating Margin (15.52%) than 81.82% of its industry peers.
In the last couple of years the Operating Margin of SEM has grown nicely.
Looking at the Gross Margin, with a value of 41.98%, SEM is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
In the last couple of years the Gross Margin of SEM has grown nicely.
Industry RankSector Rank
OM 15.52%
PM (TTM) 8.17%
GM 41.98%
OM growth 3Y3.28%
OM growth 5Y6.17%
PM growth 3Y-4.22%
PM growth 5Y7.97%
GM growth 3Y-0.17%
GM growth 5Y2.52%
SEM.LS Yearly Profit, Operating, Gross MarginsSEM.LS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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3

2. Health

2.1 Basic Checks

SEM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, SEM has about the same amount of shares outstanding.
The number of shares outstanding for SEM has been reduced compared to 5 years ago.
The debt/assets ratio for SEM is higher compared to a year ago.
SEM.LS Yearly Shares OutstandingSEM.LS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
SEM.LS Yearly Total Debt VS Total AssetsSEM.LS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

SEM has an Altman-Z score of 1.55. This is a bad value and indicates that SEM is not financially healthy and even has some risk of bankruptcy.
SEM has a Altman-Z score (1.55) which is comparable to the rest of the industry.
SEM has a debt to FCF ratio of 6.98. This is a slightly negative value and a sign of low solvency as SEM would need 6.98 years to pay back of all of its debts.
SEM has a Debt to FCF ratio of 6.98. This is comparable to the rest of the industry: SEM outperforms 45.45% of its industry peers.
A Debt/Equity ratio of 0.84 indicates that SEM is somewhat dependend on debt financing.
The Debt to Equity ratio of SEM (0.84) is worse than 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF 6.98
Altman-Z 1.55
ROIC/WACC1.61
WACC5.89%
SEM.LS Yearly LT Debt VS Equity VS FCFSEM.LS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

SEM has a Current Ratio of 1.14. This is a normal value and indicates that SEM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.14, SEM is doing worse than 72.73% of the companies in the same industry.
A Quick Ratio of 0.84 indicates that SEM may have some problems paying its short term obligations.
SEM's Quick ratio of 0.84 is in line compared to the rest of the industry. SEM outperforms 45.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.84
SEM.LS Yearly Current Assets VS Current LiabilitesSEM.LS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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3

3. Growth

3.1 Past

SEM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.81%.
SEM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.58% yearly.
Looking at the last year, SEM shows a small growth in Revenue. The Revenue has grown by 5.29% in the last year.
The Revenue has been growing slightly by 5.04% on average over the past years.
EPS 1Y (TTM)-4.81%
EPS 3Y5.48%
EPS 5Y13.58%
EPS Q2Q%-34.13%
Revenue 1Y (TTM)5.29%
Revenue growth 3Y10.16%
Revenue growth 5Y5.04%
Sales Q2Q%4.24%

3.2 Future

SEM is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.52% yearly.
SEM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.71% yearly.
EPS Next Y-1.13%
EPS Next 2Y-0.17%
EPS Next 3Y-5.24%
EPS Next 5Y-2.52%
Revenue Next Year3.83%
Revenue Next 2Y2.81%
Revenue Next 3Y-0.98%
Revenue Next 5Y0.71%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SEM.LS Yearly Revenue VS EstimatesSEM.LS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
SEM.LS Yearly EPS VS EstimatesSEM.LS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2 2.5

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7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 6.10, the valuation of SEM can be described as very cheap.
SEM's Price/Earnings ratio is rather cheap when compared to the industry. SEM is cheaper than 81.82% of the companies in the same industry.
When comparing the Price/Earnings ratio of SEM to the average of the S&P500 Index (27.06), we can say SEM is valued rather cheaply.
The Price/Forward Earnings ratio is 7.07, which indicates a rather cheap valuation of SEM.
Based on the Price/Forward Earnings ratio, SEM is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of SEM to the average of the S&P500 Index (22.69), we can say SEM is valued rather cheaply.
Industry RankSector Rank
PE 6.1
Fwd PE 7.07
SEM.LS Price Earnings VS Forward Price EarningsSEM.LS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, SEM is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 5.77
EV/EBITDA N/A
SEM.LS Per share dataSEM.LS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The excellent profitability rating of SEM may justify a higher PE ratio.
A cheap valuation may be justified as SEM's earnings are expected to decrease with -5.24% in the coming years.
PEG (NY)N/A
PEG (5Y)0.45
EPS Next 2Y-0.17%
EPS Next 3Y-5.24%

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4

5. Dividend

5.1 Amount

SEM has a Yearly Dividend Yield of 3.54%.
SEM's Dividend Yield is a higher than the industry average which is at 3.91.
SEM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
Industry RankSector Rank
Dividend Yield 3.54%

5.2 History

The dividend of SEM decreases each year by -1.85%.
Dividend Growth(5Y)-1.85%
Div Incr Years0
Div Non Decr Years0
SEM.LS Yearly Dividends per shareSEM.LS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

SEM pays out 40.99% of its income as dividend. This is a bit on the high side, but may be sustainable.
The Dividend Rate of SEM has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP40.99%
EPS Next 2Y-0.17%
EPS Next 3Y-5.24%
SEM.LS Yearly Income VS Free CF VS DividendSEM.LS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
SEM.LS Dividend Payout.SEM.LS Dividend Payout, showing the Payout Ratio.SEM.LS Dividend Payout.PayoutRetained Earnings

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SEMAPA-SOCIEDADE DE INVESTIM

ELI:SEM (9/5/2025, 7:00:00 PM)

17.76

+0.08 (+0.45%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryPaper & Forest Products
Earnings (Last)07-31 2025-07-31
Earnings (Next)10-31 2025-10-31
Inst Owners8.21%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.44B
Analysts82.86
Price Target27.27 (53.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.54%
Yearly Dividend1.19
Dividend Growth(5Y)-1.85%
DP40.99%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-2.2%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-11.03%
EPS NY rev (3m)-11.03%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.23%
Valuation
Industry RankSector Rank
PE 6.1
Fwd PE 7.07
P/S 0.51
P/FCF 5.77
P/OCF 2.61
P/B 0.88
P/tB 2.81
EV/EBITDA N/A
EPS(TTM)2.91
EY16.39%
EPS(NY)2.51
Fwd EY14.14%
FCF(TTM)3.08
FCFY17.32%
OCF(TTM)6.79
OCFY38.25%
SpS35.06
BVpS20.18
TBVpS6.31
PEG (NY)N/A
PEG (5Y)0.45
Profitability
Industry RankSector Rank
ROA 4.37%
ROE 14.19%
ROCE 11.31%
ROIC 9.47%
ROICexc 10.86%
ROICexgc 16.23%
OM 15.52%
PM (TTM) 8.17%
GM 41.98%
FCFM 8.77%
ROA(3y)5.44%
ROA(5y)4.85%
ROE(3y)18.01%
ROE(5y)16.68%
ROIC(3y)13.01%
ROIC(5y)10.48%
ROICexc(3y)15.26%
ROICexc(5y)12.27%
ROICexgc(3y)22.53%
ROICexgc(5y)17.8%
ROCE(3y)15.54%
ROCE(5y)12.52%
ROICexcg growth 3Y5.41%
ROICexcg growth 5Y10.25%
ROICexc growth 3Y2.52%
ROICexc growth 5Y7.29%
OM growth 3Y3.28%
OM growth 5Y6.17%
PM growth 3Y-4.22%
PM growth 5Y7.97%
GM growth 3Y-0.17%
GM growth 5Y2.52%
F-Score5
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.84
Debt/FCF 6.98
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 10.6%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 107.42%
Current Ratio 1.14
Quick Ratio 0.84
Altman-Z 1.55
F-Score5
WACC5.89%
ROIC/WACC1.61
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)8.69%
Cap/Sales(5y)7.65%
Profit Quality(3y)131.71%
Profit Quality(5y)187.19%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.81%
EPS 3Y5.48%
EPS 5Y13.58%
EPS Q2Q%-34.13%
EPS Next Y-1.13%
EPS Next 2Y-0.17%
EPS Next 3Y-5.24%
EPS Next 5Y-2.52%
Revenue 1Y (TTM)5.29%
Revenue growth 3Y10.16%
Revenue growth 5Y5.04%
Sales Q2Q%4.24%
Revenue Next Year3.83%
Revenue Next 2Y2.81%
Revenue Next 3Y-0.98%
Revenue Next 5Y0.71%
EBIT growth 1Y-3.59%
EBIT growth 3Y13.77%
EBIT growth 5Y11.52%
EBIT Next Year59.96%
EBIT Next 3Y17.82%
EBIT Next 5Y9.69%
FCF growth 1Y-5.31%
FCF growth 3Y-11.59%
FCF growth 5Y-0.87%
OCF growth 1Y4.65%
OCF growth 3Y4.23%
OCF growth 5Y2.66%