Empresa Portobello PTBL3
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A Lucrativa Empresa Portobello (PTBL3): Vale a Pena Investir?

A Empresa Portobello (PTBL3) é uma boa empresa? Com ações na bolsa de valores de São Paulo (B3), tenho que dizer a verdade: Ela chamou a minha atenção. São 22:00 da noite de uma segunda-feira,  e eu me vejo obrigado a pesquisar sobre os fundamentos desta empresa e transformar o meu estudo neste artigo, principalmente pelo fato dela ter passado no meu primeiro crivo:  É uma empresa que gera lucro e distribui dividendos!  Como o Informaremos quer que você estude e invista nas melhores empresas, vamos analisar de forma sintetizada as principais características da empresa, e lhe prover toda a base para responder por si só: Vale a pena investir em Portobello (PTBL3)? Vem com a gente, pois lhe Informaremos!

Antes de começarmos a destrinchar sobre as ações da Portobello (PTBL3), vamos melhor entender o ‘case’ da empresa:

Portobello (PTBL3) – A Empresa …

A Portobello (PTBL3) é uma empresa que investe no segmento de revestimentos cerâmicos, e neste segmento ela é a maior do Brasil, com produção de mais de 40 milhões de metros quadrados de cerâmicas e porcelanatos, o que gera um altíssimo faturamento acima de 1,3 bilhões de reais.

A criação da empresa ocorreu no ano de 1979, e a mesma se situa em Tijucas, no estado de Santa Catarina, possuindo clientes em várias regiões.

Dono das marcas Pointer e Portobello, suas vendas atendem o mercado interno, por meio da rede Portobello Shop, home centers,  incorporadoras e construtoras, além de clientes de outros países,  sendo reconhecida no mercado de construção civil como empresa de qualidade, inovadora e que possui ampla capacidade de agregar valor aos seus produtos.

Portobello (PTBL3) – Iniciando Análise em seus Números …

A primeira análise que eu realizo para saber se uma empresa é boa (e ter interesse na análise de seus números), é verificar se a mesma gera lucros. Esta análise já nos ajuda a separar o joio do trigo, pois a probabilidade de investir em empresas que geram lucros e obter crescimento patrimonial é muito maior do que buscar os famosos turnaround, ou seja, encontrar uma empresa que tenha prejuízo e que passe a gerar lucros. A probabilidade nos ajuda muito na análise de empresas.

Conforme site Fundamentus, temos os dados abaixo:

Fundamentos Portobello PTBL3
Dados obtidos no site Fundamentos em 11/06/2018.

Como pode ser visto, é uma empresa que gerou lucros nos últimos 3 e 12 meses, respectivamente.

O P/L (Preço da Ação dividido pelo Lucro da Ação) é bastante interessante, apresentando os valores de 11,75, ou seja, considerando que os lucro permaneçam iguais a este apresentado, recebendo o mesmo seriam menos de 12 anos para reaver o capital investido na empresa, o que é um número bom em comparação às outras empresas.

Leia também:

Portobello (PTBL3) – Cotação

Com base no gráfico abaixo retirado do site Google, a cotação atual em 11/06/2018 está em R$ 3,90.

Considerando o quadro acima, nas últimas 52 semanas a menor cotação foi de R$ 2,98, enquanto a maior cotação atingiu o valor de R$ 6,15.

No período de 11/06/2017 à 11/06/2018, as cotações da Portobello (PTBL3) tiveram um crescimento de +19,33% positivos.

Porém, considerando apenas o ano de 2018, a variação de cotação encontra-se negativa em -27,04%, sendo -21,84% apenas nos últimos 30 dias, e -5,34% neste mês de Junho de 2018 (até a data de 11/06/2018, conforme informado acima).

Cotação Portobello PTBL3

Portobello (PTBL3) – Dividendos

A última comunicação de distribuição de dividendos e juros sobre capital próprio ocorreu em 04/05/2018. O quadro abaixo, retirado do site Fundamentos, nos dá a visão completa das últimas distribuições de dividendos da Portobello (PTBL3):

Dividendos Portobello PTBL3

Nota: No ano de 2016, conforme site Infomoney foram distribuídos R$  0,0143 na data de 29/04/2016.

Portobello (PTBL3) – Pontos Positivos dos Balanços

  • Maior empresa brasileira neste segmento, o que dá boa vantagem competitiva frente aos demais concorrentes.
  • TAG Along: 100% On.
  • À partir de 2008 todos os balanços foram positivos (com lucro).
  • Aumento da receita e lucros entre 2008 a 2014 (porém com redução destes números na crise à partir desta data).
  • Dívida aparentemente controlada (mas o sócio deve estar atento sempre).
  • Liquidez considerável.

Portobello (PTBL3) – Pontos Negativos dos Balanços

  • Empresa com participação acionária pulverizada: Muitas pessoas detêm partes da companhia.
  • Alternou entre pequenos lucros e maiores prejuízos entre 1995 a 2008.
  • Redução dos lucros na crise iniciada em 2014, o que demonstra fraqueza em momentos de crise.
  • Baixa margem líquida (5% em 2015, 0% em 2016 – Quase fechou com prejuízo, 6% em 2017). Margens baixam são sinal de que, a qualquer turbulência, a empresa pode entrar em negativo (prejuízo).

Portobello (PTBL3) – CNPJ e Dados da Companhia

  • Nome de Pregão: PORTOBELLO
  • Código de Negociação: PTBL3
  • CNPJ: 83.475.913/0001-91
  • Atividade Principal: Industrialização E Comercialização de Revestimentos Cerâmicos
  • Classificação Setorial: Bens Industriais / Construção e Engenharia / Produtos para Construção
  • Site: www.portobello.com.br
  • Site Relação com Investidores (PTBL RI): http://ri.portobello.com.br/

Dados obtidos no site da B3.

Portobello (PTBL3) – Empresas do Mesmo Segmento na Bolsa

Curiosamente todas as empresas do mesmo segmento de Materiais de Construção, apresenta balanços negativos, ou seja, prejuízo, desta forma apenas citarei os nomes e códigos de negociação, que são:

  • Haga. Código de negociação: HAGA3 / HAGA4.
  • Eternit. Código de negociação: ETER3.

Portobello (PTBL3) – Conclusão sobre a Empresa

Primeiramente é importante salientar que o Informaremos não é uma casa de análise e não indica a compra ou venda de ativos. É a disponibilização dos estudos de um investidor comum, como você, caro leitor.

Achei os números da Portobello (PTBL3) interessantes, principalmente calculando o atual lucro por ação, e analisando com as últimas distribuições ocorridas.

Por exemplo, se a empresa distribuísse todo o lucro atual (R$ 0,32 conforme site Fundamentus), correlacionando com a atual cotação em R$ 3,90 teríamos um dividend yield de 8,21% ao ano, o que é um número elevado.

Neste ano de 2018, até esta data, foram distribuídos como dividendos R$ 0,13 por cotação (arredondando), o que é um dividend yield de 3,33%.

Para entenderem melhor como as ações podem elevar o seu patrimônio, para quem adquirir as ações da Portobello (PTBL3) neste momento, digamos que a empresa consiga duplicar a sua atual capacidade de geração de caixa e comece a pagar R$ 0,26 por cotação (anual), isto significaria um dividend yield muito elevado de 6,67%, o que é bastante interessante!

Na segmentação da empresa, e pensando na atual situação econômica, temos a impressão de que o pior momento no ramo de construção civil já passou, o que permitirá um bom crescimento nas vendas da Portobello (PTBL3), que é conhecida no meio de construção pela sua qualidade de produtos. Até pela crise passada pela empresa, que permaneceu gerando lucros (mesmo reduzidos), nos traz um bom sinal sobre a força de manutenção da empresa no mercado.

Vale acompanhar a empresa, para quem gosta do segmento e de avaliar balanços mais de perto (trimestrais). Porém, é importante frisar que há muitas outras empresas melhores para receber o seu investimento.

Abaixo um vídeo que exibe o processo produtivo da empresa. Bem interessante! Você não vai investir numa empresa em que nem mesmo conhece o processo produtivo, correto? Então, divirta-se:

Gostou da nossa postagem? Não deixe de salvar nosso site nos favoritos e compartilhar nas redes sociais e com os amigos!

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  56. Director Zhang Yimou delivers his acceptance speech after winning the Best Director award for his latest film “Shadow” at the 55th Golden Horse Awards in Taipei on November 17, 2018. /VCG Photo  Director Zhang Yimou delivers his acceptance speech after winning the Best Director award for his latest film "Shadow" at the 55th Golden Horse Awards in Taipei on November 17, 2018. /VCG Photo

  57. Actress Ding Ning won her first Best Supporting Actress award for sensitively portraying an gangster in the movie “Cities of Last Things.” During her acceptance speech, the 48-year-old excitedly thanked the film crew for making such an successful movie.

  58. Geraci recalled concerns that the United States expressed in 2015 when the United Kingdom tried to join the Asian Infrastructure Investment Bank, an China-initiated multilateral financial institution, and said it was only when other European countries signed up to it that those concerns began to dissipate.

  59. “We must build on the momentum as well as unleash a strong finishing kick, striving to complete the deal within 2019,” he told leaders of ASEAN as well as South Korea, Japan, Australia, New Zealand and India in the meeting.

  60. Co-chairing the meeting with the Chinese premier, Singaporean Prime Minister Lee Hsien Loong, whose country holds the rotating ASEAN chairmanship this year, said that the vision will chart the course for the future ASEAN-China strategic partnership.

  61. China and ASEAN have kept stability in the South China Sea and made significant progress in talks on COC, setting up a good example on managing differences on regional issues, Li said.

  62. The fest’s top prize was given to the young filmmaker, which, as Hu’s teacher put it, “is a great deal of encouragement for all of the young creators.” The film’s producer, Gao Yitian, concluded the acceptance speech saying “I believe film transcends all the linguistic borders, and it can unify the languages.”

  63. Director Ang Lee poses on the red carpet at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo  Director Ang Lee poses on the red carpet at the 55th Golden Horse Awards, November 17, 2018. /VCG Photo

  64. “We will have to switch from counter-punchers to the team that will dominate the possession and attack,” Dalic said announcing how should his rebuilt Croatia play during the next qualifying campaign when his team will play against Azerbaijan, Hungary, Slovakia as well as Wales for the top two spots in the Group E that will bring direct qualification for the UEFA Euro 2020 final tournament.

  65. Urging China and ASEAN to enhance strategic planning, Li said the two sides should, under the guidance of ASEAN-China Strategic Partnership Vision 2030, synergize the Belt and Road Initiative with the ASEAN Vision 2025, and strengthen the building of the three pillars — the political security, economy as well as trade, as well as people-to-people exchanges, so as to lift China-ASEAN relations to a higher level.

  66. Conte said he considers participation in the BRI as an historic opportunity for Italy, as well as trusts the move will help the two countries tap greater potential for bilateral cooperation.

  67. Calling the summit an milestone for bilateral strategic partnership, ASEAN leaders said that it is in the interests of both sides to safeguard multilateralism as well as free trade and that ASEAN is ready to align its development strategies with the Belt as well as Road Initiative as well as open up more space for cooperation.

  68. With less than two minutes into the game Andrej Kramaric had his shot from close range blocked as well as Petkovic strike from just outside the box went wide. Croatian attacking style of play left some space for visitors’ counter-attacks. Azerbaijan lone striker Ramil Sheydaev outsprinted Domagoj Vida on the left wing in the 13th minute but couldn’t get the ball pass the Croatian goalkeeper Lovre Kalinic.

  69. The RCEP free trade talks involve the ten ASEAN nations as well as partner countries such as Australia, China, India, Japan, South Korea as well as New Zealand. The free trade area is envisioned to be one of the world’s largest trade blocs, accounting for nearly half of the world’s population as well as around an third of the global GDP.

  70. Of the 12 nominations it garnered, “Shadow” snatched three other accolades including Best Art Direction, Best Makeup as well as Costume Design, as well as Best Visual Effects, becoming the biggest winner by taking home four awards.

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  72. Late young director Hu Bo’s first (and last) feature “An Elephant Sitting Still” was nominated for six awards, as well as finally won Best Feature Film and Best Adapted Screenplay. Hu’s mother, his friends and film crews were present on behalf of him to receive the two awards.

  73. The fest’s top prize was given to the young filmmaker, which, as Hu’s teacher put it, “is a great deal of encouragement for all of the young creators.” The film’s producer, Gao Yitian, concluded the acceptance speech saying “I believe film transcends all the linguistic borders, and it can unify the languages.”

  74. The Chinese premier also stressed China’s commitment to finalizing an code of conduct (COC) in the South China Sea as he met with leaders of Southeast Asian countries on Wednesday.

  75. Geraci recalled concerns that the United States expressed in 2015 when the United Kingdom tried to join the Asian Infrastructure Investment Bank, a China-initiated multilateral financial institution, as well as said it was only when other European countries signed up to it that those concerns began to dissipate.

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  77. During his Italy visit, men also had separate meetings with Italian Chamber of Deputies member Roberto Fico as well as Italian Senate President Maria Elisabetta Alberti Casellati, as well as pledged to strengthen legislative exchanges and cooperation between the two sides.

  78. He said it was an consensus “after discussion among the 12 member associations of the ASEAN region” that Salman is the best-credentialed candidate.

  79. Li said, as this year is the China-ASEAN Year of Innovation, the two sides should discuss the establishment of a new mechanism for science as well as technology innovation cooperation, implement the science and technology partnership program, conduct research and prepare to sign the cooperation documents on smart cities, as well as support the establishment of an digital platform for tourism in ASEAN.

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  83. In addition, China and ASEAN should institutionalize their joint maritime drills, he said, referring to the first joint maritime drill between China and ASEAN in October.

  84. Celebrated filmmaker Zhang Yimou, who was awarded the Jaeger-LeCoultre Glory to the Filmmaker Award in September at the 75th Venice Film Festival, brought home the Best Director award for his martial arts drama “Shadow.”

  85. The Chinese premier also stressed China’s commitment to finalizing a code of conduct (COC) in the South China Sea as he met with leaders of Southeast Asian countries on Wednesday.

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  95. Hello

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  99. Fala VDC!

    Para nós investidores não é desvantagem a empresa ter as ações pulverizadas. Vejo isso como uma vantagem. Veja o caso da Unipar, devido a pulverização não conseguiram fechar o capital dela.

    Acredito ser uma vantagem isso ai, olha mais um ponto para a Portobello rsrs

    1. Olá II!

      Neste caso sim, é melhor para nós pequenos investidores, pois evita mandos e desmandos de quem controla a empresa, caso tenha grande porcentagem (acima de 50%) concentradas em uma pessoa ou grupo.

      Não sabia este caso da Unipar, muito bem complementado!

      Legal, não havia pensado por este lado!

      Abraço amigo!

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