BlackRock Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	848,580	914,682	981,964	585,990	562,669	774,964
Market Cap Growth	-2.45%	-6.85%	67.57%	4.15%	-27.39%	35.61%
Enterprise Value	881,383	963,047	985,730	608,301	577,456	790,637
Last Close Price	82.53	90.12	95.01	57.89	54.13	71.74
PE Ratio	27.74	29.91	24.93	21.95	20.56	23.57
PS Ratio	6.36	6.86	7.78	6.76	5.96	7.18
PB Ratio	2.50	2.69	3.22	2.93	2.74	3.58
P/TBV Ratio	-	-	197.72	21.70	25.95	35.77
P/FCF Ratio	43.37	-	33.77	31.61	24.06	30.22
P/OCF Ratio	39.23	-	32.04	29.00	21.48	28.13
EV/Sales Ratio	7.09	7.22	7.81	7.02	6.11	7.32
EV/EBITDA Ratio	17.20	18.08	19.42	18.51	15.84	17.97
EV/EBIT Ratio	20.07	20.18	20.76	19.76	16.86	18.96
EV/FCF Ratio	45.05	-	33.90	32.81	24.70	30.83
Debt / Equity Ratio	0.24	0.24	0.29	0.24	0.22	0.24
Debt / EBITDA Ratio	1.56	1.56	1.68	1.38	1.19	1.15
Debt / FCF Ratio	-	-	3.03	2.54	1.92	2.03
Net Debt / Equity Ratio	0.04	0.04	-0.01	-0.02	0.03	0
Net Debt / EBITDA Ratio	0.25	0.25	-0.04	-0.13	0.16	0.00
Net Debt / FCF Ratio	-	-	-0.08	-0.24	0.24	0.00
Asset Turnover	-	-	0.16	0.15	0.13	0.12
Quick Ratio	-	-	1.68	1.83	1.22	1.18
Current Ratio	-	-	2.21	2.39	1.84	1.80
Return on Equity (ROE)	10.69%	10.69%	14.38%	14.19%	12.86%	16.21%
Return on Assets (ROA)	-	-	3.67%	3.29%	3.00%	2.84%
Return on Invested Capital (ROIC)	10.51%	11.93%	13.50%	12.55%	13.06%	14.93%
Return on Capital Employed (ROCE)	-	-	6.00%	5.50%	6.00%	5.30%
Earnings Yield	3.60%	3.34%	4.01%	4.56%	4.87%	4.24%
FCF Yield	2.31%	-	2.96%	3.16%	4.16%	3.31%
Dividend Yield	1.43%	127.37%	132.79%	167.65%	190.64%	128.30%
Payout Ratio	60.27%	-	48.69%	55.16%	57.74%	43.16%
Buyback Yield / Dilution	-4.01%	-4.01%	-0.60%	1.14%	1.27%	0.28%
Total Shareholder Return	-2.58%	123.36%	132.19%	168.79%	191.91%	128.58%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.