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General information

Country: BRAZIL

Sector: Education and Training Services

Arco Platform Limited develops educational software. The Company offers a platform that delivers educational content in printed and digital formats to improve the learning process. Arco Platform serves clients in Brazil.
Website: arcoeducacao.com.br



Growth: Good revenue growth rate >200%, there is acceleration compared to average historical growth rates 75.1%. The revenue growth dynamics is moderately stable Site traffic for the last 3 months showed a change of +5.7%

Profitability: LTM EBITDA margin is positive, +38.6%. On average the margin is decreasing unsteadily. Gross margin is high, +59.7%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 60% of quarters (showing a gain of +$0.06 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -112.4% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 75.0% higher than minimum and 58.5% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 14.0x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: ARCE
Share price, USD:  (0.0%)13.98
year average price 13.43  


year start price 10.90 2023-04-28

min close price 10.90 2023-04-28

max close price 14.00 2023-11-15

current price 13.98 2024-04-26
Common stocks: 65 778 000

Dividend Yield:  0.0%
FCF Yield LTM: -112.4%
EV / LTM EBITDA: 3.8x
EV / EBITDA annualized: 2.6x
Last revenue growth (y/y):  > 200.0%
Last growth of EBITDA (y/y):  > 200.0%
Historical revenue growth:  75.1%
Historical growth of EBITDA:  92.1%
EV / Sales: 1.5x
Margin (EBITDA LTM / Revenue): 38.6%
Fundamental value created in LTM:
Market Cap ($m): 920
Net Debt ($m): 1 327
EV (Enterprise Value): 2 247
Price to Book: 1.7x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-10-17Seeking Alpha

Arco Platform: Sell If Price Crosses $14 Before The Go-Private Deal

2023-08-31Zacks Investment Research

Arco Platform Limited (ARCE) Reports Q2 Loss, Lags Revenue Estimates

2023-08-15Business Wire

Arco to Report Second Quarter Financial Results on Aug 31st, 2023

2023-08-11The Motley Fool

As Markets Tread Water, These 2 Stocks Are Seeking Big Changes

2023-08-11The Motley Fool

Why Arco Platform Stock Jumped on Friday

2023-07-20Zacks Investment Research

Wall Street Analysts See a 28.77% Upside in Arco Platform Limited (ARCE): Can the Stock Really Move This High?

2023-07-04Zacks Investment Research

Wall Street Analysts Think Arco Platform Limited (ARCE) Could Surge 34.59%: Read This Before Placing a Bet

2023-05-25Seeking Alpha

Arco Platform Ltd (ARCE) Q1 2023 Earnings Call Transcript

2023-05-25Zacks Investment Research

Arco Platform Limited (ARCE) Reports Q1 Loss, Tops Revenue Estimates

2023-05-17Business Wire

Arco to Report First Quarter Financial Results on May 25th, 2023
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol ARCE ARCE ARCE ARCE ARCE
reportedCurrency BRL BRL BRL BRL BRL
cik 2M 2M 2M 2M 2M
fillingDate 2023-06-30 2023-03-30 2022-12-31 2022-09-30 2022-06-30
acceptedDate 2023-06-30 00:00:00 2023-03-30 16:11:35 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000
period Q2 Q1 Q4 Q3 Q2
revenue 471M 535M 679M 254M 412M
costOfRevenue 179M 216M 188M 63M 133M
grossProfit 292M 319M 491M 191M 279M
grossProfitRatio 0.620 0.597 0.723 0.753 0.677
researchAndDevelopmentExpenses 0 0 0 0 0
generalAndAdministrativeExpenses 186M 150M 87M 129M 80M
sellingAndMarketingExpenses 103M 191M 173M 70M 174M
sellingGeneralAndAdministrativeExpenses 290M 341M 259M 199M 254M
otherExpenses -3M -142M -7M 42M -2M
operatingExpenses 335M 199M 253M 241M 253M
costAndExpenses 514M 414M 441M 304M 386M
interestIncome 10M 3M 3M 3M 214M
interestExpense 109M 116M 149M 121M 238M
depreciationAndAmortization 81M 93M 72M 56M 74M
ebitda 23M 188M 310M 2M 301M
ebitdaratio 0.049 0.351 0.457 0.010 0.730
operatingIncome -40M 95M 239M -53M 26M
operatingIncomeRatio -0.084 0.177 0.351 -0.209 0.064
totalOtherIncomeExpensesNet 54M -34M -160M -55M -38M
incomeBeforeTax -110M 61M 79M -108M -12M
incomeBeforeTaxRatio -0.233 0.113 0.116 -0.425 -0.029
incomeTaxExpense -36M -30M 56M -35M 1M
netIncome -74M 91M 23M -72M -13M
netIncomeRatio -0.157 0.169 0.033 -0.285 -0.032
eps -1.120 1.380 0.400 -1.300 -0.240
epsdiluted -1.120 1.380 0.400 -1.300 -0.240
weightedAverageShsOut 66M 66M 56M 56M 56M
weightedAverageShsOutDil 66M 66M 56M 56M 56M
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Balance Sheet Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol ARCE ARCE ARCE ARCE ARCE
reportedCurrency BRL USD BRL BRL BRL
cik 2M 2M 2M 2M 2M
fillingDate 2023-06-30 2023-03-30 2022-12-31 2022-09-30 2022-06-30
acceptedDate 2023-06-30 00:00:00 2023-03-30 16:11:35 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000
period Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 400M 694M 216M 314M 376M
shortTermInvestments 117M 120M 392M 661M 378M
cashAndShortTermInvestments 517M 814M 608M 975M 754M
netReceivables 903M 1 090M 928M 502M 647M
inventory 284M 219M 254M 231M 174M
otherCurrentAssets 136M 122M 83M 88M 95M
totalCurrentAssets 1 840M 2 245M 1 873M 1 797M 1 670M
propertyPlantEquipmentNet 114M 126M 128M 90M 97M
goodwill 0 0 1 951M 0 0
intangibleAssets 3 864M 3 852M 1 233M 0 0
goodwillAndIntangibleAssets 3 864M 3 852M 3 184M 3 202M 0
longTermInvestments 55M 47M 142M 161M 159M
taxAssets 485M 450M 337M 367M 328M
otherNonCurrentAssets 85M 89M 89M 87M 3 334M
totalNonCurrentAssets 4 602M 4 564M 3 881M 3 907M 3 918M
otherAssets 0 0 0 0 0
totalAssets 6 442M 6 809M 5 753M 5 704M 5 588M
accountPayables 236M 218M 1 243M 1 032M 1 013M
shortTermDebt 133M 90M 137M 79M 48M
taxPayables 22M 33M 38M 19M 19M
deferredRevenue 112M 223M 16M 6M 61M
otherCurrentLiabilities 983M 1 254M 137M 135M 119M
totalCurrentLiabilities 1 465M 1 786M 1 534M 1 252M 1 260M
longTermDebt 1 825M 1 862M 1 877M 1 864M 1 637M
deferredRevenueNonCurrent 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0
otherNonCurrentLiabilities 421M 417M 446M 1 469M 769M
totalNonCurrentLiabilities 2 245M 2 279M 2 322M 2 586M 2 406M
otherLiabilities 0 0 0 0 0
capitalLeaseObligations 69M 78M 77M 31M 34M
totalLiabilities 3 710M 4 065M 3 856M 3 838M 3 666M
preferredStock 0 0 0 0 0
commonStock 14 000 14 000 11 000 11 000 11 000
retainedEarnings -183M -109M -199M -222M -149M
accumulatedOtherComprehensiveIncomeLoss 2 763M 2 757M 2 010M 2 104M 2 223M
othertotalStockholdersEquity 151M 95M 87M -16M -151M
totalStockholdersEquity 2 732M 2 744M 1 897M 1 866M 1 922M
totalEquity 2 732M 2 744M 1 897M 1 866M 1 922M
totalLiabilitiesAndStockholdersEquity 6 442M 6 809M 5 753M 5 704M 5 588M
minorityInterest 0 0 0 0 0
totalLiabilitiesAndTotalEquity 6 442M 6 809M 5 753M 5 704M 5 588M
totalInvestments 172M 167M 534M 822M 538M
totalDebt 1 958M 1 952M 2 014M 1 944M 1 685M
netDebt 1 558M 1 258M 1 797M 1 630M 1 309M
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Cash Flow Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol ARCE ARCE ARCE ARCE ARCE
reportedCurrency BRL BRL BRL BRL BRL
cik 2M 2M 2M 2M 2M
fillingDate 2023-06-30 2023-03-30 2022-12-31 2022-09-30 2022-06-30
acceptedDate 2023-06-30 00:00:00 2023-03-30 16:11:35 2022-12-31 00:00:00 2022-09-29 20:00:00 2022-06-29 20:00:00
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000
period Q2 Q1 Q4 Q3 Q2
netIncome -110M 61M 79M -108M -13M
depreciationAndAmortization 81M 93M 82M 56M 74M
deferredIncomeTax 6M -3M 1M 4M 177 000
stockBasedCompensation 20M 21M 9M 18M 3M
changeInWorkingCapital -39M 150M -463M 50M 75M
accountsReceivables 148M -88M -430M 171M 203M
inventory -76M 15M -47M -48M -30M
accountsPayables 18M 25M 30M -3M 22M
otherWorkingCapital -130M 198M -17M -71M -98M
otherNonCashItems 18M -208M 195M -51M -153M
netCashProvidedByOperatingActivities -24M 114M -97M -32M -13M
investmentsInPropertyPlantAndEquipment -42M -37M -45M -31M -2M
acquisitionsNet 472 000 164M 0 -14 000 0
purchasesOfInvestments -75M -110M -976M -264M 0
salesMaturitiesOfInvestments 69M 382M 1 210M 0 382M
otherInvestingActivites 2M 8M 0 -1M -55M
netCashUsedForInvestingActivites -46M 407M 189M -296M 325M
debtRepayment -15M -16M -9M -915M -6M
commonStockIssued 0 0 0 0 0
commonStockRepurchased 0 0 0 120M -136M
dividendsPaid 0 0 0 0 0
otherFinancingActivites -209M -27M -180M 1 062M -5M
netCashUsedProvidedByFinancingActivities -224M -43M -189M 267M -147M
effectOfForexChangesOnCash 123 000 -580 000 -837 000 -298 000 2M
netChangeInCash -294M 478M -98M -62M 166M
cashAtEndOfPeriod 400M 694M 216M 314M 376M
cashAtBeginningOfPeriod 694M 216M 314M 376M 209M
operatingCashFlow -24M 114M -97M -32M -13M
capitalExpenditure -42M -37M -45M -31M -52M
freeCashFlow -66M 77M -142M -63M -65M
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Earning call transcript

2023 q2
2023-08-31 ET (fiscal 2023 q2)
2023 q1
2023-05-25 ET (fiscal 2023 q1)
2022 q3
2022-12-01 ET (fiscal 2022 q3)
2022 q2
2022-08-18 ET (fiscal 2022 q2)
2022 q1
2022-05-24 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2023-12-07 22:19 ET
Arco Announces Merger Completion and Becomes a Private Company
2023-12-04 22:57 ET
Arco Announces Shareholders’ Approval of Merger Agreement to Go Private
2023-11-16 22:35 ET
Arco to Provide Supplemental Materials for Extraordinary General Meeting of Shareholders
2023-11-07 21:27 ET
Arco to Hold Extraordinary General Meeting of Shareholders
2023-08-31 20:09 ET
Arco Reports Second Quarter 2023 Results
2023-08-15 21:32 ET
Arco to Report Second Quarter Financial Results on Aug 31st, 2023
2023-08-11 00:38 ET
Arco Enters into Agreement to Go Private at a Price of US$14 per Share in Cash
2023-05-25 20:05 ET
Arco Reports First Quarter 2023 Results
2023-05-17 20:08 ET
Arco to Report First Quarter Financial Results on May 25th, 2023
2023-05-01 12:53 ET
Arco Provides Update Related to the Non-Binding Proposal
2023-03-30 20:10 ET
Arco Reports Fourth Quarter and Full Year 2022 Results
2023-03-16 21:57 ET
Arco to Report Fourth Quarter and Fiscal Year 2022 Financial Results on March 30th, 2023
2023-01-26 21:26 ET
Arco Provides Update Related to the Non-binding Proposal
2022-12-01 21:07 ET
Arco Reports Third Quarter 2022 Results
2022-12-01 01:43 ET
Arco Announces Receipt of Non-Binding Going Private Proposal
2022-11-21 12:20 ET
Arco to Report Third Quarter 2022 Results on December 1st, 2022
2022-10-06 21:32 ET
Arco Signs Definitive Agreement to Acquire isaac
2022-08-18 20:07 ET
Arco Reports Second Quarter 2022 Results
2022-08-05 20:25 ET
Arco announces closing of Debentures issuance in Brazil by Companhia Brasileira de Educação e Sistemas de Ensino S.A.
2022-08-03 13:06 ET
Arco to Report Second Quarter 2022 Results on August 18, 2022
2022-05-24 20:07 ET
Arco Reports First Quarter 2022 Results
2022-05-09 21:44 ET
Arco to Report First Quarter 2022 Financial Results on May 24, 2022
2022-03-31 22:25 ET
Arco Releases its 2021 ESG Report
2022-03-31 20:14 ET
Arco Reports Fourth Quarter and Full Year 2021 Results
2022-03-21 21:06 ET
Arco Announces Time Change for its Fourth Quarter and Fiscal Year 2021 Earnings Conference Call on March 31, 2022
2022-03-15 21:46 ET
Arco to Report Fourth Quarter and Fiscal Year 2021 Financial Results on March 31, 2022
2022-02-03 21:27 ET
Arco Complements Its Supplemental Portfolio With the Acquisition of PGS and Mentes do Amanhã
2021-12-01 21:19 ET
Arco Announces Closing of US$150 Million Investment from Dragoneer and General Atlantic
2021-11-29 21:25 ET
Arco Reports Third Quarter 2021 Results
2021-11-18 13:00 ET
Arco Announces a US$150 Million Investment from Dragoneer and General Atlantic
2021-11-17 13:53 ET
Arco to Host First Investor Day on December 6th, 2021
2021-11-12 12:25 ET
Arco to Report Third Quarter 2021 Results on November 29, 2021
2021-10-01 20:06 ET
Arco Receives Antitrust Approval and Completes the Acquisition of COC and Dom Bosco Learning Systems
2021-09-02 20:47 ET
Arco Announces Appointment of Two Independent Members to Its Audit Committee
2021-08-19 20:07 ET
Arco Reports Second Quarter 2021 Results
2021-08-10 12:06 ET
Arco Releases its First ESG Report
2021-08-09 22:56 ET
Arco Announces Changes to its Board of Directors
2021-08-03 20:23 ET
Arco to Report Second Quarter 2021 Results on August 19, 2021
2021-05-24 20:07 ET
Arco Reports First Quarter 2021 Results
2021-05-17 21:33 ET
Arco Announces Appointment of New Director
2021-05-10 20:52 ET
Arco Platform Limited to Report First Quarter 2021 Financial Results on May 24, 2021
2021-05-07 20:07 ET
Arco Announces New Chief Financial Officer
2021-04-29 21:13 ET
Arco Platform Limited Announces Results of Annual General Meeting Held on April 29, 2021
2021-03-31 20:56 ET
Arco Announces Limit Increase to Its Share Repurchase Program
2021-03-31 20:34 ET
Arco Reports Fourth Quarter and Full Year 2020 Financial Results
2021-03-15 21:48 ET
Arco Platform Limited to Report Fourth Quarter 2020 and Fiscal Year 2020 Financial Results on March 31, 2021
2021-03-10 21:11 ET
Arco Acquires Online Test Prep Provider Me Salva!
2021-03-06 14:12 ET
Arco to Acquire COC and Dom Bosco Learning Systems
2021-02-23 11:00 ET
Arco Announces Appointment of New Directors
2021-01-06 22:09 ET
Arco Announces Share Repurchase Program
2020-12-03 01:54 ET
Arco Platform Limited Closes the Acquisition of Escola da Inteligência
2020-11-30 21:15 ET
Arco Reports Third Quarter 2020 Financial Results
2020-11-10 22:28 ET
Arco Platform Limited to Report Third Quarter 2020 Financial Results on November 30th, 2020
2020-10-30 22:04 ET
Arco Platform Limited Announces Results of Annual General Meeting Held on October 30, 2020
2020-09-29 11:32 ET
Arco acquires Studos, a leading provider of adaptive learning solutions
2020-09-09 10:57 ET
Arco Platform Limited Announces Pricing of Public Primary Offering of Class A Common Shares
2020-09-08 20:18 ET
Arco Platform Limited Announces Proposed Public Primary Offering of Class A Common Shares
2020-08-28 21:00 ET
Arco to acquire Escola da Inteligência
2020-08-17 20:15 ET
Arco Platform Limited Reports Second Quarter and First Half 2020 Financial Results
2020-08-06 22:44 ET
Arco Platform Limited to Report Second Quarter 2020 Financial Results on August 17, 2020
2020-06-03 12:00 ET
Arco Platform Limited Announces Pricing of Public Secondary Offering of Class A Common Shares
2020-06-02 20:37 ET
Arco Platform Limited Announces Proposed Public Secondary Offering of Class A Common Shares
2020-05-27 20:15 ET
Arco Platform Limited Reports First Quarter 2020 Financial Results
2020-05-15 21:43 ET
Arco Platform Limited to Report First Quarter 2020 Financial Results on May 27, 2020
2020-03-16 20:15 ET
Arco Platform Limited Reports Fourth Quarter and Full Year 2019 Financial Results
2020-02-07 21:05 ET
Arco Platform Limited to Report Fourth Quarter and Fiscal Year 2019 Financial Results on March 16, 2020
2019-11-26 21:15 ET
Arco Platform Limited Reports Third Quarter 2019 Financial Results
2019-11-01 20:51 ET
Arco Platform Limited Completes Acquisition of Sistema Positivo de Ensino
2019-10-29 21:40 ET
Arco Platform Limited to Report Third Quarter 2019 Financial Results on November 26, 2019
2019-10-29 21:26 ET
Arco Platform Limited Announces Closing of Public Offering of Class A Common Shares
2019-10-25 01:31 ET
Arco Platform Limited Announces Pricing of Public Offering of Class A Common Shares
2019-10-23 21:04 ET
Arco Platform Limited Receives Antitrust Approval for Acquisition of Sistema Positivo de Ensino
2019-10-23 20:56 ET
Arco Platform Limited Announces Proposed Public Offering of Class A Common Shares

SEC forms

Show financial reports only

SEC form 6
2023-12-07 17:41 ET
Arco Platform published news for 2023 q3
SEC form 6
2023-12-04 19:07 ET
Arco Platform published news for 2023 q3
SEC form 6
2023-11-16 17:58 ET
Arco Platform published news for 2023 q3
SEC form 6
2023-11-07 17:10 ET
Arco Platform published news for 2023 q3
SEC form 6
2023-08-10 21:17 ET
Arco Platform published news for 2023 q2
SEC form 6
2023-07-26 17:15 ET
Arco Platform published news for 2023 q2
SEC form 6
2023-05-25 16:27 ET
Arco Platform published news for 2023 q1
SEC form 6
2023-05-25 16:23 ET
Arco Platform published news for 2023 q1
SEC form 6
2023-05-01 09:12 ET
Arco Platform published news for 2023 q1
SEC form 6
2023-03-30 19:06 ET
Arco Platform published news for 2022 q4
SEC form 6
2023-03-30 19:04 ET
Arco Platform published news for 2022 q4
SEC form 6
2023-03-30 16:11 ET
Arco Platform published news for 2022 q4