Company Overview
PicS N.V. operates as a digital financial services entity that provides digital wallets and applications designed for both individual consumers and businesses within the Brazilian market. The company specializes in offering a range of transactional products, including the Pix instant payment system, peer-to-peer transfers between PicPay accounts, and bill payment solutions. It functions within the Technology sector, specifically under the Software - Infrastructure industry, which implies a focus on providing the underlying digital tools and platforms necessary for financial transactions rather than manufacturing physical goods. The company's scale is characterized by a reported annual revenue of $10.28B and an employee count listed as N/A, indicating a large operational footprint. These financial figures, particularly the revenue of $10.28B, suggest that PicS N.V. holds a significant position in the Brazilian digital payments landscape, processing a substantial volume of transactions that reflect deep market penetration and operational reach.
Financial Health
PicS N.V. reported a trailing twelve-month revenue of $10.28B and a corresponding net income of $1.09B, while maintaining an EBITDA of $3.89B. The substantial gap between the $10.28B revenue and the $1.09B net income reveals a cost structure where operating expenses and taxes consume approximately 89.4% of total revenue before arriving at the bottom line, though the high gross margin suggests efficient product delivery. The company recorded a free cash flow of $-1,838,923,008, which indicates a significant outflow of cash from operations or investing activities that impacts immediate financial flexibility and capital allocation strategies. Profitability is highlighted by a gross margin of 93.3%, an operating margin of 32.8%, and a profit margin of 10.6%, with the high gross margin reflecting the low variable costs typical of software infrastructure and the operating margin showing strong control over operational expenditures. On the balance sheet, the company holds $3.91B in cash against $1.61B in debt, resulting in a debt-to-equity ratio of 41.47%, which suggests a leveraged position where equity is significantly smaller than the debt load. Despite the high debt-to-equity figure, the current ratio stands at 0.90, indicating that current assets are slightly lower than current liabilities and pointing to potential tightness in short-term liquidity management. Furthermore, the return on equity is 40.4% and the return on assets is 7.0%, metrics that reveal high management effectiveness in generating returns on shareholder capital relative to the asset base, despite the leverage present.
Valuation Assessment
The valuation of PicS N.V. is indicated by a trailing P/E ratio of 6.08 and a forward P/E of 3.13, where the significant difference between these two figures implies that the market expects earnings to grow substantially in the future to justify a higher multiple. While the price-to-book ratio is listed as N/A, preventing a direct comparison of market premium over book value, the price-to-sales ratio is also N/A, which limits the ability to value the firm relative to its sales generation capabilities using standard multiples. Similarly, the EV/EBITDA metric is N/A, suggesting that enterprise value calculations may be constrained by the specific reporting of debt or equity components in this dataset. The stock's trading range over the past year has seen a 52-week high of $19.95 and a 52-week low of $10.22, providing a historical context for price movement. The beta value is listed as N/A, meaning there is no available data to quantify the stock's price volatility relative to the broader market index. Investors analyzing the 52-week range must rely on the high and low figures without a specific beta coefficient to gauge systemic risk exposure.
Growth & Income
Revenue growth for the trailing twelve months stands at 68.7% year-over-year, while earnings growth is listed as N/A, making a direct comparison of earnings velocity versus revenue impossible with the current data. Because the earnings growth figure is not provided, it is not possible to determine if earnings are growing faster or slower than revenue based on the available facts. As a non-dividend payer, the company does not distribute a dividend yield or a payout ratio, meaning it retains all net income to reinvest into its growth initiatives and operational expansion. The overall growth and income profile is defined by robust revenue expansion of 68.7% YoY without current dividend distributions, indicating a strategy focused on capital accumulation and market share growth rather than income generation for shareholders.