Qualicorp Consultoria e Corretora de Seguros SA
BOVESPA:QUAL3

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Qualicorp Consultoria e Corretora de Seguros SA
BOVESPA:QUAL3
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Price: 2.02 BRL Market Closed
Market Cap: R$573.7m

EV/EBIT

2.2
Current
50%
Cheaper
vs 3-y average of 4.4

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
2.2
=
Enterprise Value
R$621.8m
/
EBIT
R$280m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
2.2
=
Enterprise Value
R$621.8m
/
EBIT
R$280m

Valuation Scenarios

Qualicorp Consultoria e Corretora de Seguros SA is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (4.4), the stock would be worth R$4.01 (99% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+274%
Average Upside
207%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 2.2 R$2.02
0%
3-Year Average 4.4 R$4.01
+99%
5-Year Average 6.3 R$5.74
+184%
Industry Average 8.2 R$7.51
+272%
Country Average 8.3 R$7.56
+274%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
R$621.8m
/
Jan 2026
R$280m
=
2.2
Current
R$621.8m
/
Dec 2026
R$321.7m
=
1.9
Forward
R$621.8m
/
Dec 2027
R$359.1m
=
1.7
Forward
R$621.8m
/
Dec 2028
R$420.1m
=
1.5
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
BR
Qualicorp Consultoria e Corretora de Seguros SA
BOVESPA:QUAL3
Average EV/EBIT: 15.2
2.2
14%
0.2
US
UnitedHealth Group Inc
NYSE:UNH
Not Available N/A N/A
US
A
Anthem Inc
LSE:0HG8
Not Available N/A N/A
US
Elevance Health Inc
NYSE:ELV
Not Available N/A N/A
US
Humana Inc
NYSE:HUM
Not Available N/A N/A
US
Centene Corp
NYSE:CNC
Not Available N/A N/A
US
Molina Healthcare Inc
NYSE:MOH
4.6
10%
0.5
US
Healthequity Inc
NASDAQ:HQY
23.2
N/A N/A
US
M
Magellan Health Inc
F:MAH1
38.5
N/A N/A
BR
Odontoprev SA
BOVESPA:ODPV3
10.5
4%
2.6
US
Progyny Inc
NASDAQ:PGNY
12
47%
0.3

Market Distribution

Lower than 99% of companies in Brazil
Percentile
1st
Based on 432 companies
1st percentile
2.2
Low
0.4 — 6.8
Typical Range
6.8 — 11.3
High
11.3 —
Distribution Statistics
Brazil
Min 0.4
30th Percentile 6.8
Median 8.3
70th Percentile 11.3
Max 288

Qualicorp Consultoria e Corretora de Seguros SA
Glance View

Market Cap
573.7m BRL
Industry
Health Care

Qualicorp Consultoria e Corretora de Seguros SA, formerly Qualicorp SA, is a Brazil-based company primarily active in the healthcare insurance sector. The Company focuses on administrating and managing healthcare plans, including group health and dental insurance. Its activities are divided into two areas: Affinity and Corporate. The Affinity division offers intermediary services between insurance providers and institutions, as well as additional administrative services, such as monitoring of the medical services used and monthly billing. The Corporate division provides insurance advisory, brokerage, management of outsourced benefits, connectivity and risk to national and international companies, as well as government bodies. The Company operates through a number of subsidiaries, such as Qualicorp Corretora de Seguros SA, Qualicorp Administradora de Beneficios SA and Gama Saude Ltda.

QUAL3 Intrinsic Value
4.4 BRL
Undervaluation 54%
Intrinsic Value
Price R$2.02
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