MELIOS (CASH3): Are there any surprises or disappointments for the market?  View Analysts Bets

MELIOS (CASH3): Are there any surprises or disappointments for the market? View Analysts Bets

Despite a surprisingly positive operating preview, the company is expected to report another quarter of pressure margins (Photo: Facebook/Méliuz)

a Melius (cash 3) will be released on Monday (15), after the market closes, its release Second Quarter Results 2022.

Despite a surprisingly positive operating preview, the company is expected to report another quarter of pressure margins.

The big investment Ebitda’s margin is estimated to be negative 23.3%, down 10 percentage points compared to the second quarter of 2021.

The brokerage company also believes that Melius will not get out of the loss, which will amount to 13.6 million Brazilian riyals.

“We should see a drop in revenue from the card co-brandedAnd the […] which will not be offset by revenue from the card itself,” the broker adds.

Genial thinks Méliuz will start making recipes from Debit and credit cards From the third quarter of the year — until then, it’s going to be unrepresentative.

“Although we are more optimistic about the TPV (Total Payments Volume) of co-brandedwe continue to believe that this mismatch will increase pressure on the company’s margins in the short term, which leads us to believe that we will not see a reversal of the company’s 6.5 million R$ loss in the first quarter of 2022, says analyst Igor Gidis and Eduardo Niccio, Head of Research and Finance, in a report released last week.

Genial expects an evolution in net revenue, with growth of about 70% year-over-year, due to a lower TPV slowdown than initially anticipated.

Regarding Ebitda (earnings before interest, taxes, depreciation and amortization), the broker is not very optimistic and operates with a negative result of nearly R$21.6 million.

Operational preview

Melius recorded 24% growth in total sales in the second quarter of 2022 compared to the same period in 2021, according to an operating preview released Thursday (14).

a GMV (Total volume of merchandise) of the company, including operations Promopet and gives picoditotaling R$1.41 billion between April and June of this year, compared to R$1.14 billion in the previous year.

Compared to the first quarter of 2022, the volume of goods sold has shrunk by 10%.

The company started a new phase with the creation of the Méliuz card since the acquisition of banking, a banking-as-a-service platform that allows any company in the market to create and expand its own offering of financial services. Since the launch of the digital account, Melius has recorded 1.2 million accounts created.

On the credit card, the company reached a TPV (Total Payment Volume) of R$7.6 million.

“It is noteworthy that we still accounted for approximately R$797.2 million of TPV in the second quarter of 2022 in reference to the co-branded card,” the company highlighted, in the preview report.

like the great, XP Investimentos It had a positive reading of the running numbers.

In the XP assessment, even as some indicators deteriorate, the numbers presented by Millius indicate the company’s ability to grow above the market, despite a challenging macroeconomic scenario.

However, the broker believes that the decline in GMV data in Brazilian and international operations in the quarterly comparison should continue to affect the company’s stock.

After preview, file UBS BB Reducing net revenue and net income estimates for 2022. The Corporation now considers a loss of R$39.2 million for the year.

For 2023, UBS BB is still considered to have generated a profit of R$3.2 million for the company. However, the amount was heavily revised downward, with analysts’ forecasts for next year being around R$71.1 million.

UBS BB also raised its operating expense estimates by 16% for 2022 and 27% for 2023.

Deviation point

in evaluation Bank of America (BofA)Millius should report on numbers that are still poor this season from results, but they are at an inflection point.

According to the foundation, the company should change course soon, with the second half promising a strong recovery, once new products are launched for the tech company’s ecosystem and Bankly is fully integrated.

Assuming the stock is covered with a buy recommendation, Genial highlighted that investing in company stock has its ups and downs, but the stock is still attractive and worthy of the “rolling emotions.”

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