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Guide · Start here

Analyse a Brazilian stock on your own in 10 minutes, with numbers you can check

Seven questions, in this order, each with the exact place where the answer is and what to watch for. The example is WEGE3, open without a key; swap the ticker for any other. The goal is not to say whether the stock is good: it is for you to read the numbers on your own and check where each one came from.

1. What does the company do, and where does the money come from? (1 minute)

Open the company page: /acoes/WEGE3. At the top are the sector, what it files with the CVM about its own business, and revenue. Watch for: banks, insurers and holdings have different accounting, and some numbers (EBITDA, ROIC) do not apply to them; see how to analyse a bank and a holding.

2. Is it profitable, and is profit stable? (2 minutes)

Open /acoes/WEGE3/lucro: ten years of profit, with each year's change. Watch for: one exceptional year is not a trend. Profit that rises and falls with a commodity price is cyclical; see the cyclical-profit trap.

3. Is it a good return on capital? (1 minute)

On the company page, see ROE and ROIC, next to the sector median. High ROE with high debt is not the same as high ROE with little debt; the difference is in ROE vs ROIC. Watch for: compare with the sector and with the company's own past, not with a magic number.

4. Does the debt fit what it generates? (1 minute)

Open /acoes/WEGE3/divida: net debt and net debt to EBITDA, year by year. Watch for: net debt/EBITDA is how many years of operating cash generation would pay the debt; negative debt is net cash. More in EV/EBITDA and debt/EBITDA.

5. How much does it pay shareholders? (2 minutes)

Open /acoes/WEGE3/dividendos: what was declared over the last 12 months, by year, and what has been announced to be paid. Watch for: a high dividend yield may be a falling price or a one-off payment; see the high-yield trap.

6. Is the price expensive or cheap for what it delivers? (2 minutes)

The company page shows today's P/E and P/BV and each year's, on the date the statement came out. Watch for: a low P/E with falling profit may be cheap only on paper; read P/E and P/BV. And see what the stock really returned in how much R$ 1,000 became.

7. Can you trust these numbers? (1 minute)

Every number on the page opens the CVM account it came from. Look at the confidence flag, the caveats and whether the company has restated its statements. Watch for: a number that failed our checks is not published; a dash means that, not zero.

Next: follow and go further

• Follow the company with the e-mail field on its page: you hear when profit turns into loss, debt changes band or statements are restated.
• Compare with peers at /comparar and filter the whole market in the screener.
• Ask an AI with the connector, and check the answer with the questions guide.
• Take the numbers to a spreadsheet: the API is open with the free key; Pro downloads the screener list and the whole database as CSV.