Azzas 2154 (BSP:AZZA3) EBIT: R$912 Mil (TTM As of Mar. 2026)


BSP:AZZA3 Azzas 2154 SA BSP:AZZA3
76 GF Score
Price R$17.88
GF Value R$50.79
Valuation Possible Value Trap
! 10 Warning Signs
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What is Azzas 2154 EBIT?

Azzas 2154 BSP:AZZA3 -2.72% 76 EBIT is R$912 Mil as of Mar. 2026. GuruFocus rates BSP:AZZA3 with a GF Score™ of 76/100 and a GF Value™ of R$50.79 (Possible Value Trap). The stock has 10 warning signs investors should review.

Azzas 2154's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$78 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$912 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Azzas 2154's annualized ROC % for the quarter that ended in Mar. 2026 was 0.00%. Azzas 2154's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.16%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Azzas 2154's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 14.00%.

Azzas 2154  (BSP:AZZA3) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Azzas 2154's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=572.008 * ( 1 - 100% )/( (12168.307 + 12246.832)/ 2 )
=0/12207.5695
=0.00 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15448.601 - 2198.957 - ( 1081.337 - max(0, 3765.563 - 6924.64+1081.337))
=12168.307

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=15193.878 - 1883.844 - ( 1063.202 - max(0, 3044.759 - 6692.581+1063.202))
=12246.832

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Azzas 2154's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=311.692/( ( (2116.146 + max(2990.94, 0)) + (2023.585 + max(2984.978, 0)) )/ 2 )
=311.692/( ( 5107.086 + 5008.563 )/ 2 )
=311.692/5057.8245
=6.16 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2714.343 + 2142.835 + 655.012) - (2198.957 + 0 + 322.293)
=2990.94

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2377.256 + 2189.26 + 698.886) - (1883.844 + 0 + 396.58)
=2984.978

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Azzas 2154's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=911.69/6511.773
=14.00 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Azzas 2154 EBIT Related Terms

Azzas 2154 EBIT Historical Data

* Premium members only.

The historical data trend for Azzas 2154's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Azzas 2154 EBIT Chart

Azzas 2154 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 444.83 597.74 518.69 239.29 836.99

Azzas 2154 Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 212.51 370.34 315.61 147.83 77.92

BSP:AZZA3 vs NKE, DECK, ONON: EBIT Comparison

For the Footwear & Accessories subindustry, Azzas 2154's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Azzas 2154 EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azzas 2154's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Azzas 2154's EV-to-EBIT falls into.


BSP:AZZA3
76GF Score
Azzas 2154 SA BSP:AZZA3
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Azzas 2154 EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$912 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R$912 Mil mean?
Azzas 2154 (BSP:AZZA3) has a EBIT of R$912 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Azzas 2154.
Is Azzas 2154's EBIT too high?
Azzas 2154's current EBIT is R$912 Mil. Overall, Azzas 2154 has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Azzas 2154's EBIT compare to NKE and DECK?
Azzas 2154's EBIT of R$912 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Manufacturing - Apparel & Accessories company?
A good EBIT depends on the Manufacturing - Apparel & Accessories industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Azzas 2154. Azzas 2154's current EBIT is R$912 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azzas 2154 stock overvalued right now?
Based on GuruFocus' analysis, Azzas 2154 (BSP:AZZA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$50.79, compared to a current price of R$17.88 — trading 64.8% below its estimated fair value. The current EBIT is R$912 Mil. Azzas 2154's overall GF Score™ is 76/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Azzas 2154 (BSP:AZZA3), the current EBIT is R$912 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Azzas 2154 (BSP:AZZA3) Overvalued in 2026?

Based on GuruFocus' analysis, Azzas 2154 stock appears to be undervalued. The current stock price of R$17.88 is trading 64.8% below its estimated GF Value™ of R$50.79. GuruFocus considers Azzas 2154 to be Possible Value Trap.

Key valuation signals for BSP:AZZA3:

  • EBIT: R$912 Mil
  • GF Value™: R$50.79 vs. price of R$17.88 (64.8% below fair value)
  • GF Score™: 76/100 with 10 warning signs

No single metric tells the full story. See the BSP:AZZA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Azzas 2154 Business Description

Address Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 130, Belo Horizonte, MG, BRA, 30112000
Azzas 2154 SA, along with its subsidiaries, is engaged in the manufacturing, development, modeling and retail and wholesale trade of footwear, handbags, accessories and clothing for the women's, men's and democratic markets, particularly the women's market. The company also operates an online sales channel that makes available products of the brands Arezzo, Schutz, Anacapri, Alexandre Birman, Vans, Vicenza, Farm Rio, Animale, NV, Cris Barros, Maria Filó, Carol Bassi, Fábula, Off Premium, Reserva, Oficina, Foxton, Reserva Mini, Reserva Go, Reserva Ink, Hering, Hering Kids, Hering Sports, Hering Shoes and Hering Intimates. The majority of the company's revenue is derived from the sales of its products.
76GF Score

Get the complete analysis for BSP:AZZA3

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$17.88
Price
R$50.79
GF Value