BVMF:W2ST34 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 2, 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	93,993	109,028	146,722	126,418	92,112	193,584
Market Cap Growth	-30.18%	-25.69%	16.06%	37.24%	-52.42%	77.98%
Enterprise Value	91,607	107,235	145,590	123,547	89,843	191,509
Last Close Price	34.50	40.71	56.06	48.83	37.18	74.33
PE Ratio	34.57	40.09	48.15	43.91	29.74	52.50
PS Ratio	5.55	6.44	8.20	8.83	6.04	12.27
PB Ratio	5.37	6.23	8.84	9.04	6.49	14.88
P/TBV Ratio	5.58	6.47	9.25	9.45	6.81	15.78
P/FCF Ratio	36.39	42.22	85.83	62.86	39.65	105.09
P/OCF Ratio	22.61	26.23	36.31	33.55	24.07	59.49
EV/Sales Ratio	5.81	6.33	8.14	8.63	5.89	12.14
EV/EBITDA Ratio	20.65	24.03	31.43	30.19	19.22	38.58
EV/EBIT Ratio	27.34	30.48	39.66	36.05	22.25	44.72
EV/FCF Ratio	35.47	41.52	85.17	61.43	38.68	103.97
Debt / Equity Ratio	0.10	0.10	0.11	0.11	0.12	0.14
Debt / EBITDA Ratio	0.38	0.38	0.39	0.35	0.35	0.36
Debt / FCF Ratio	0.70	0.70	1.11	0.75	0.72	0.98
Net Debt / Equity Ratio	-0.15	-0.15	-0.07	-0.19	-0.21	-0.19
Net Debt / EBITDA Ratio	-0.57	-0.57	-0.24	-0.65	-0.65	-0.49
Net Debt / FCF Ratio	-0.99	-0.99	-0.65	-1.31	-1.31	-1.32
Asset Turnover	0.78	0.78	0.77	0.79	0.83	0.93
Inventory Turnover	4.80	4.80	4.67	4.28	4.41	4.73
Quick Ratio	2.10	2.10	1.93	2.07	2.73	2.13
Current Ratio	3.02	3.02	2.80	2.88	3.70	2.93
Return on Equity (ROE)	16.86%	16.86%	17.71%	21.32%	23.34%	31.59%
Return on Assets (ROA)	10.09%	10.09%	9.93%	11.86%	13.78%	15.73%
Return on Invested Capital (ROIC)	18.85%	19.66%	20.14%	26.35%	31.89%	38.14%
Return on Capital Employed (ROCE)	17.70%	17.70%	19.20%	22.40%	24.70%	28.30%
Earnings Yield	2.89%	2.49%	2.08%	2.28%	3.36%	1.91%
FCF Yield	2.75%	2.37%	1.17%	1.59%	2.52%	0.95%
Dividend Yield	0.26%	11.50%	8.94%	7.65%	10.38%	5.17%
Payout Ratio	12.40%	12.40%	12.00%	9.61%	9.23%	7.72%
Buyback Yield / Dilution	1.36%	1.36%	2.13%	0.66%	0.66%	-0.66%
Total Shareholder Return	1.62%	12.86%	11.06%	8.31%	11.04%	4.51%

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