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Hidrovias do Brasil S.A. (HBSA3.SA)

BRL3.38 -0.10 (-2.87%)
BR SAO Industrials Integrated Freight & Logistics
Address Rua Gilberto Sabino, 215 05425-020
São Paulo, SP, BR
CEO Decio de Sampaio Amaral
IPO 2020-09-25
ISIN BRHBSAACNOR0

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Description

Hidrovias do Brasil S.A. (HBSA) is a Latin American company specializing in comprehensive, end-to-end logistics solutions. Its diverse offerings include freight warehousing and handling, brokerage and agency services, domestic maritime transport (cabotage), general storage and distribution, specialized terminal management, inland waterway shipping, and the leasing of navigation assets. Additionally, the company operates a dedicated financial services unit. HBSA organizes its operations across distinct logistics corridors. The Southern Corridor primarily focuses on the riverine transport of bulk commodities – including grains, fertilizers, and iron ore – across the Paraná-Paraguay waterway, as well as pulp via the Uruguay River. Further supporting this, it operates a grain terminal in Montevideo. The Northern Corridor encompasses the Miritituba transshipment station and the private Barcarena terminal. This segment is bolstered by its proprietary fleet of pushboats and barges for efficient cargo movement. Established in 2010, Hidrovias do Brasil S.A. is headquartered in São Paulo, Brazil.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
BRL3.38 -0.10 (-2.87%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.33
Float Shares
949.75M
Free Float %
69.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.89% -3.17% -17.24% -15.15% -12.50% -5.08% +15.46% +20.43% -50.15% -54.72% -54.72%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3.38
DCF (Unlevered) 6.88 +103.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 57% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 2 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.36
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Integrated Freight & Logistics: +6.5%
    +65.7% Q1'26: -7.6% (vs Q1'25)
  • EPS growth Integrated Freight & Logistics: +7.1%
    +84.4% Q1'26: -182.3% (vs Q1'25)
  • FCF margin FCF growth · Integrated Freight & Logistics: +60.0%
    +11.2% Q1'26: -29.7% (vs Q1'25)
  • EBIT margin Integrated Freight & Logistics: +6.9%
    +27.1% Q1'26: +11.4% (vs Q1'25)
  • ROIC Integrated Freight & Logistics: +6.4%
    +7.6% Q1'26: +4.2% (vs Q1'25)
  • Share dilution Integrated Freight & Logistics: +0.1%
    +43.3% Q1'26: +78.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Integrated Freight & Logistics: 0.95×
    3.81× Q1'26: 6.53× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.38) × ERP
WACC = 51% × Ke + 49% × Kd (9.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 7.17 Current price: 3.38
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
2 EPS Ana.
Dec 2027
5 Rev. Ana.
3 EPS Ana.
Dec 2028
3 Rev. Ana.
2 EPS Ana.
Revenue
1.46B
est: 1.47B (-0.7%)
1.12B
est: 1.22B (-8.8%)
1.77B
est: 1.73B (+2.1%)
1.92B
est: 1.65B (+16.6%)
1.35B
est: 1.67B (-19.1%)
2.24B
est: 2.24B (+0.2%)
2.34B
2.30B – 2.41B
+4.7% YoY
2.66B
2.39B – 2.85B
+13.4% YoY
2.82B
2.76B – 2.87B
+6.0% YoY
EBITDA
385.01M
est: 476.61M (-19.2%)
462.77M
est: 396.14M (+16.8%)
752.80M
est: 560.62M (+34.3%)
715.10M
est: 591.94M (+20.8%)
194.15M
est: 599.30M (-67.6%)
978.94M
est: 802.15M (+22.0%)
840.08M
826.32M – 862.36M
+4.7% YoY
952.42M
857.04M – 1.02B
+13.4% YoY
1.01B
989.16M – 1.03B
+6.0% YoY
EBIT
161.25M
est: 138.83M (+16.2%)
124.77M
est: 115.39M (+8.1%)
303.15M
est: 163.29M (+85.6%)
367.68M
est: 208.75M (+76.1%)
-224.48M
est: 211.34M (-206.2%)
607.01M
est: 282.88M (+114.6%)
296.26M
291.41M – 304.12M
+4.7% YoY
335.88M
302.24M – 360.27M
+13.4% YoY
356.11M
348.83M – 363.39M
+6.0% YoY
Net Income
-105.55M
est: -77.65M (-35.9%)
-339.13M
est: -221.68M (-53.0%)
-8.16M
est: 165.89M (-104.9%)
17.60M
est: -375.15M (+104.7%)
-621.70M
est: -303.27M (-105.0%)
-140.92M
est: 211.36M (-166.7%)
257.56M
250.96M – 264.16M
+21.9% YoY
384.36M
358.74M – 409.99M
+49.2% YoY
444.58M
424.18M – 464.99M
+15.7% YoY
SGA
198.34M
est: 269.47M (-26.4%)
240.44M
est: 223.97M (+7.4%)
326.73M
est: 316.96M (+3.1%)
300.08M
est: 301.85M (-0.6%)
302.26M
est: 305.60M (-1.1%)
301.05M
est: 409.04M (-26.4%)
428.38M
421.37M – 439.74M
+4.7% YoY
485.67M
437.03M – 520.93M
+13.4% YoY
514.92M
504.40M – 525.45M
+6.0% YoY
EPS
-0.14
est: -0.10 (-46.0%)
-0.45
est: -0.27 (-64.4%)
-0.01
est: 0.20 (-105.0%)
0.02
est: -0.33 (+107.1%)
-0.77
est: -0.26 (-192.8%)
-0.12
est: 0.18 (-165.9%)
0.22
0.22 – 0.23
+21.9% YoY
0.33
0.31 – 0.35
+49.2% YoY
0.38
0.37 – 0.40
+15.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-11 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 1/5 3/5
2026-04-27 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-24 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-23 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-20 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-17 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5
2026-04-16 C 2/5 3/5 1/5 1/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.35B
OE per share TTM
1.84
Owner's Yield
51.50%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
258.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 42 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck Brazil Small-Cap ETF BRF 0.62% 140.7K 0.60%
2 iShares MSCI Brazil Small-Cap ETF EWZS 0.61% 1.48M 0.59%
3 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.04% 53.3K 0.42%
4 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.04% 262.9K 0.65%
5 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.03% 174.6K 0.55%
6 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.03% 97.7K 0.72%
7 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.02% 71.2K 0.74%
8 Avantis Emerging Markets Value ETF AVES 0.02% 246.4K 0.36%
9 Avantis Responsible Emerging Markets Equity ETF AVSE 0.01% 22.5K 0.33%
10 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 1.36M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
352.9K
Shares Outstanding
1.36B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andre Saleme Hachem Member of Executive Board, Chief Financial Officer & Investor Relations Director male
Carlos Arruti Legal & Regulatory Director and Member of Executive Board male
Decio de Sampaio Amaral Chief Executive Officer & Member of Executive Board male
Harro Ricardo Schlorke Burmann Operations Director & Member of Executive Board male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits