Waste Management 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 20, 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	498,442	487,535	500,925	350,031	340,434	388,999
Market Cap Growth	-5.32%	-2.67%	43.11%	2.82%	-12.48%	50.30%
Enterprise Value	620,138	615,254	600,081	424,252	414,066	461,058
Last Close Price	595.22	620.80	618.84	423.34	404.09	445.55
PE Ratio	33.42	32.69	29.49	31.31	28.77	38.45
PS Ratio	3.59	3.51	3.67	3.53	3.27	3.89
PB Ratio	9.06	8.86	9.81	10.46	9.38	9.80
P/FCF Ratio	32.14	31.43	37.51	39.55	33.04	28.68
P/OCF Ratio	14.98	14.65	15.03	15.29	14.20	16.09
EV/Sales Ratio	4.80	4.43	4.40	4.28	3.98	4.62
EV/EBITDA Ratio	15.11	14.78	14.75	14.83	14.33	16.70
EV/EBIT Ratio	25.68	23.79	22.52	22.87	22.85	27.98
EV/FCF Ratio	39.98	39.67	44.94	47.94	40.19	34.00
Debt / Equity Ratio	2.39	2.39	3.02	2.43	2.26	1.96
Debt / EBITDA Ratio	2.99	2.99	3.65	2.75	2.75	2.73
Debt / FCF Ratio	8.49	8.49	11.55	9.18	7.96	5.72
Net Debt / Equity Ratio	2.37	2.37	2.97	2.36	2.21	1.94
Net Debt / EBITDA Ratio	3.14	3.14	3.73	2.76	2.77	2.79
Net Debt / FCF Ratio	8.42	8.42	11.36	8.93	7.78	5.67
Asset Turnover	0.56	0.56	0.57	0.64	0.65	0.61
Inventory Turnover	69.66	69.66	70.62	74.81	82.23	85.80
Quick Ratio	0.77	0.77	0.66	0.79	0.71	0.65
Current Ratio	0.89	0.89	0.76	0.90	0.81	0.75
Return on Equity (ROE)	29.70%	29.70%	36.24%	33.08%	32.02%	24.93%
Return on Assets (ROA)	6.49%	6.49%	6.96%	7.45%	7.09%	6.33%
Return on Invested Capital (ROIC)	11.18%	11.17%	12.22%	12.74%	12.25%	10.85%
Return on Capital Employed (ROCE)	11.60%	11.60%	11.20%	13.40%	12.70%	11.80%
Earnings Yield	2.99%	3.06%	3.39%	3.19%	3.48%	2.60%
FCF Yield	3.11%	3.18%	2.67%	2.53%	3.03%	3.49%
Dividend Yield	1.04%	2.93%	3.00%	3.21%	3.40%	2.88%
Payout Ratio	16.72%	49.26%	44.06%	49.31%	48.12%	53.41%
Buyback Yield / Dilution	-0.20%	-0.20%	0.86%	1.95%	1.87%	0.52%
Total Shareholder Return	0.84%	2.73%	3.86%	5.16%	5.27%	3.39%

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