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Grupo Mateus SA
BOVESPA:GMAT3

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Grupo Mateus SA
BOVESPA:GMAT3
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Price: 4.85 BRL 7.3%
Market Cap: R$11.2B

P/OCF

5.5
Current
53%
Cheaper
vs 3-y average of 11.8

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
5.5
=
Market Cap
R$10.5B
/
Operating Cash Flow
R$2B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
5.5
=
Market Cap
R$10.5B
/
Operating Cash Flow
R$2B

Valuation Scenarios

Grupo Mateus SA is trading below its 3-year average

If P/OCF returns to its 3-Year Average (11.8), the stock would be worth R$10.33 (113% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-41%
Maximum Upside
+113%
Average Upside
46%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 5.5 R$4.85
0%
3-Year Average 11.8 R$10.33
+113%
5-Year Average 11.6 R$10.16
+110%
Industry Average 3.3 R$2.86
-41%
Country Average 5.7 R$5.03
+4%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
BR
Grupo Mateus SA
BOVESPA:GMAT3
10.1B BRL 5.5 5.9
US
Walmart Inc
NASDAQ:WMT
1T USD 24.9 47.3
US
Costco Wholesale Corp
NASDAQ:COST
448.6B USD 29.9 52.5
MX
Wal Mart de Mexico SAB de CV
BMV:WALMEX
930.9B MXN 11.4 18.9
JP
Aeon Co Ltd
TSE:8267
4.3T JPY 3.8 58.9
AU
Coles Group Ltd
ASX:COL
30.9B AUD 10 30.4
FR
Carrefour SA
PAR:CA
11.7B EUR 3 36.7
US
BJ's Wholesale Club Holdings Inc
NYSE:BJ
12.2B USD 11.9 21.1
TH
Siam Makro PCL
SET:MAKRO
380.9B THB 17.3 49.5
US
PriceSmart Inc
NASDAQ:PSMT
5B USD 18.6 32.6
BR
Atacadao SA
BOVESPA:CRFB3
17.9B BRL 5.2 9.2

Market Distribution

In line with most companies in Brazil
Percentile
49th
Based on 440 companies
49th percentile
5.5
Low
0.1 — 3
Typical Range
3 — 9.6
High
9.6 —
Distribution Statistics
Brazil
Min 0.1
30th Percentile 3
Median 5.7
70th Percentile 9.6
Max 2 583.6

Grupo Mateus SA
Glance View

Market Cap
11.2B BRL
Industry
Retail

Grupo Mateus SA, a dynamic force in the Brazilian retail and wholesale market, is a compelling tale of entrepreneurial zeal and regional dominance. Established in the heart of the Maranhão state, the company embarked on its journey as a small venture in 1986. Under the astute leadership of its founder, Ilson Mateus, the group expanded its operations by leveraging local market knowledge and a deep understanding of the socioeconomic landscape. Over the years, Grupo Mateus skillfully diversified its business model to encompass a broad range of services: from operating hypermarkets and supermarkets to managing cash-and-carry stores, which effectively cater to different consumer needs and segments. Additionally, their innovative foray into e-commerce allowed them to capture the growing online demand, enhancing their distribution efficiency and market reach. Grupo Mateus’s success is underpinned by a vertically integrated supply chain, which not only enables them to maintain competitive pricing but also ensures product quality and availability. Their strategic network of distribution centers supports a seamless flow of goods across their outlets, optimizing logistics and reducing operational costs. This robust infrastructure, coupled with a keen focus on customer experience, enables Grupo Mateus to generate revenue through direct sales to end consumers, as well as supplying bulk goods to small retailers and businesses. Their adeptness at scaling operations without compromising on quality or service has solidified their reputation as a trusted brand, allowing them to continue expanding amidst Brazil's burgeoning middle class and the shifting retail landscape.

GMAT3 Intrinsic Value
7.86 BRL
Undervaluation 38%
Intrinsic Value
Price R$4.85
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