| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | 1 | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | 1 | — | — | 2 | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 0.91 |
—
—
—
|
| 2025 | 0.41 |
—
—
—
|
| 2024 | ‡‡‡‡‡ |
|
| 2023 | ‡‡‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2017 | ‡‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 1,243.39 | 262.45 | 438.35 | 274.40 |
| Receivables | 8,510.28 | 10,824.36 | 10,425.24 | 11,837.46 |
| Inventory | 6.72 | 0.30 | — | — |
| Other | — | 893.60 | 765.92 | 927.24 |
| 9,760.38 | 11,980.72 | 11,629.51 | 13,039.11 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 102.94 | 122.96 | 108.67 | 97.05 |
| ST’ Debt | 37.94 | 838.29 | 436.44 | 296.41 |
| Other | 2,309.50 | 4,648.62 | 5,874.69 | 5,880.29 |
| 6,896.71 | 7,924.83 | 8,557.94 | 8,410.13 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 950.61 | 1,005.33 | — | — |
—
|
| ’25 | 827.92 | 892.77 | 937.35 | 997.48 |
3,655.52
|
| ’24 | 869.47 | 873.07 | 871.12 | 873.66 |
3,487.31
|
| ’23 | 721.82 | 772.83 | 824.55 | 875.25 |
3,194.47
|
| ’22 | 655.92 | 794.63 | 769.96 | 749.87 |
2,970.37
|
| ’21 | 378.30 | 447.38 | 531.28 | 579.19 |
1,936.15
|
| ’20 | 358.57 | 253.16 | 331.53 | 378.78 |
1,322.05
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 176.61 | 207.05 | — | — |
—
|
| ’25 | 207.61 | 401.63 | 425.28 | 319.90 |
1,354.43
|
| ’24 | 490.34 | (897.79) | (100.15) | (125.77) |
(633.38)
|
| ’23 | 76.77 | 97.41 | 201.55 | 425.42 |
801.15
|
| ’22 | 54.99 | 50.27 | 197.97 | 384.20 |
687.43
|
| ’21 | (3.25) | 78.89 | 70.59 | 20.17 |
166.40
|
| ’20 | 237.61 | (21.18) | (49.79) | 250.97 |
417.62
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 69.15 | 100.06 | — | — |
—
|
| ’25 | 96.90 | 304.50 | 322.78 | 222.47 |
946.65
|
| ’24 | 377.61 | (1,014.04) | (192.22) | (234.98) |
(1,063.63)
|
| ’23 | (1.85) | (13.55) | 90.74 | 327.54 |
402.88
|
| ’22 | (75.42) | (74.58) | 117.74 | 305.88 |
273.61
|
| ’21 | (76.24) | 0.70 | (13.44) | (69.23) |
(158.21)
|
| ’20 | 158.34 | (71.25) | (160.67) | 94.16 |
20.58
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.37 | 0.39 | — | — |
—
|
| ’25 | 0.29 | 0.32 | 0.35 | 0.32 |
1.27
|
| ’24 | 0.30 | 0.30 | 0.30 | 0.33 |
1.13
|
| ’23 | 0.22 | 0.24 | 0.26 | 0.31 |
1.02
|
| ’22 | 0.20 | 0.22 | 0.22 | 0.24 |
0.87
|
| ’21 | 0.15 | 0.16 | 0.19 | 0.16 |
0.65
|
| ’20 | 0.24 | 0.17 | 0.15 | 0.21 |
0.76
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.51 | 6.93 | 6.11 | 6.11 | — | — | — |
Low Price
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 28.68 | 13.19 | 14.98 | 11.16 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,223 | 7,273 | 8,595 | 9,772 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.41 | 0.44 | 0.41 | 0.37 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,970.37 | 3,194.47 | 3,487.31 | 3,655.52 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 51.28% | 49.01% | 49.26% | 52.49% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 340.78 | 404.03 | 441.24 | 456.60 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.47% | 12.65% | 12.65% | 12.49% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 340.78 | 404.03 | 441.24 | 456.60 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 219.01 | 271.54 | 296.81 | 323.73 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.08 | 9.93 | 11.03 | 12.38 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.87 | 1.03 | 1.13 | 1.28 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.10 | 2.49 | (2.00) | 4.59 | ‡‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.27) | (1.24) | (1.36) | (1.38) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.84 | 1.25 | (3.36) | 3.21 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.01 | 8.24 | 8.60 | 8.88 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 327.11 | 321.81 | 316.10 | 295.20 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.36 | 11.77 | 5.05 | 7.47 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.91 | 1.22 | 0.57 | 0.78 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.18 | 1.47 | 0.73 | 1.09 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.48 | 1.06 | 0.93 | 0.97 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.12 | 8.39 | (3.04) | 3.73 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 687.43 | 801.15 | (633.38) | 1,354.43 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (413.82) | (398.27) | (430.25) | (407.79) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 273.61 | 402.88 | (1,063.63) | 946.65 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,942.18 | 2,863.67 | 4,055.89 | 3,071.57 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,283.00 | 37.94 | 838.29 | 436.44 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,714.99 | (1,205.45) | 575.84 | (1.91) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,293.82 | 2,652.11 | 2,719.52 | 2,621.95 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.01% | 3.34% | 3.20% | 2.83% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.85% | 48.92% | 22.63% | 34.52% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.75% | 13.39% | 14.61% | 14.21% | — | — | — |
ROE
|
PagSeguro Digital Ltd. (PAGS) has engineered a revenue powerhouse, surging from $326 million in 2016 to $3.49 billion in 2024—a 969% leap—fueled by Brazil’s digital payment boom, even amid economic turbulence. Revenue per share more than doubled to $11.03 since 2020, with 17% YoY growth last year and forecasts projecting $4.29 billion by 2027 (CAGR ~7%). Yet the stock languishes near $6, down from $60 pandemic peaks, decoupling sharply from fundamentals and hinting at undervaluation amid macro fears like inflation, Pix competition, and political shifts.
Profitability remains resilient: gross margins at 49%, EPS up 10% to $1.13, ROE at 14.6%, and forecasts eyeing $1.82 EPS by 2027 (29% jump in 2025 alone). Valuation metrics scream bargain—P/E at 5x (vs. 25x historical average), PS 0.57x, PB 0.73x—offering a massive margin of safety. No insider trades signal neutrality, not alarm.
Analysts forecast 290-630% upside, backed by steady EPS growth, margin recovery, and PagSeguro’s SMB moat via PagBank and acquisitions. Risks like rivals (Nubank) and regulation loom, but at these multiples, revenue execution alone could double the stock— a high-conviction dip for Brazil-tolerant investors.
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