Jessica in action in her new movie.
Today I will talk about this good company and what I consider bales, Cetip.
Cetip has been in existence for more than 30 years and has been listed on the stock exchange since 2006. Cetip is a pure financial company, certifies, custodian, custodian, and registers fixed income securities and financing acting as an integrator between several buy side and sell side agents, Institutional bodies, governments, individuals and legal entities. She carries out a work known in the Market as the organization of the famous “OTC market” abroad is known as OTC – purchases and sales of assets that we can not buy via Home Broker.
“Cetip is the largest depository of private fixed income securities in Latin America and the largest private asset chamber in the country. In addition, Cetip is the leading company in the provision of electronic delivery services of the information necessary for the registration of vehicle financing contracts and notes of the taxes by transit agencies. ”
When the fixed income market goes well, cetip is doing well, and Brazil is the country with fixed income, so in the last 5 years with the fixed income boom, the average growth of cetip’s net income was 22.39% Aa A great rate! For you to see the degree of growth of cetip, the quotation was at 17 reais in 2013 and today it is at R $ 42.00. Analyzing the chart below try to understand how you get rich in the stock market, buying a good company and good results. The quotation rose 22.4% in 2015 only, to realize that this thing of buying a company with high PL does not work, its PL has always been higher than 17 since 2013 and today it is 21. How many companies did I buy Pro PL such as Banco do Brasil, Eternit, and Tarpon? How much money did I stop earning just by not investing in good companies even with high PL?
Cetip is the Novo Mercado with tag along of 100% in ON, has more than 6,000 individual members (very few), 184 PJ members and 1816 institutional investors. I highlight the institutional presentation as follows:
In terms of vehicle financing, we have a market share of almost 71% with cetip.
And what did you and I gain from all this? She herself responds repurchase of shares, distribution of 85% of profit and consistent growth of the company.
As you can see she surfed in the crisis of 2015 that devastated Brazil and even in 2016 is still going well. What I like about CETIP is the gap between it and too much in the marked, it concentrates 70% of all vehicle financing and is partner arm of banks and financiers. Lots of technology, investments, strong CAPEX, virtually nonexistent debt, strong cash generation, permanent stock repurchase program, consistent growth and distribution of 85% of net profit and still can grow organically. This is one of those regrets that you have not entered before.
Specifically, about 2015, we have an increase of CAPEX (CAPEX is a money that the company reinvests within itself to improve its activities).
These three frames are very good and give a beautiful analysis in 2015 of the company. And EBITDA and profitability also continued to be good, the profit margin of 55% is one of the largest I have seen in bovespa.
Well to tell you the truth, this analysis is very simple, the company is spectacular, a real jewel that we can be partners, this is one of the positive aspects of the stock exchange and capitalism, the democratization of capital. One news that surprised many people was the purchase of CETIP by BM & F bovespa, the fact displeased some investors of CETIP, not me, it was well separated, can improve or worsen now with the new company and payment with bovespa, it is very I think that the world is going to end this merger, it’s a lot of pessimism, that was one of the ways bovespa grew since she had a lot of cash, since she can not get PF clients anymore, that was a way to grow, CETIP is A profitable company and will positively impact the results of bovespa, those who had cetip shares will receive shares of bovespa and some more money. I did the analysis to introduce the company to you and read the releases. If the purchase is going to be good or not, then in the future we will know, for those who diversify, invest in stocks, RF and Fii this does not change almost anything of the equity, it is a lot of concern for the little thing.
I stay here, I am still a member of CETIP and Bovespa.
Study, work, save, give.
Thanks for having me,