Core Viewpoint - The article emphasizes the importance of value investing and highlights TIMB as a strong candidate for value investors due to its favorable metrics and earnings outlook [2][6]. Group 1: Value Investing - Value investing is a popular strategy that relies on fundamental analysis and traditional valuation metrics to identify undervalued stocks [2]. - The Zacks Rank system, which focuses on earnings estimates and revisions, is used to find winning stocks, with an emphasis on value stocks [1][2]. Group 2: TIMB Metrics - TIMB currently holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating it is a high-quality value stock [3]. - TIMB has a PEG ratio of 0.64, which is lower than the industry average of 0.68, suggesting it may be undervalued [4]. - The stock's P/CF ratio is 3.92, which is attractive compared to the industry's average P/CF of 4.54, further indicating potential undervaluation [5]. - Over the past 52 weeks, TIMB's P/CF has fluctuated between 2.99 and 4.57, with a median of 3.82 [5].

Core Insights - The article emphasizes the importance of insightful analysis on foreign equities, particularly in emerging markets, to facilitate informed investment decisions [1]. Group 1 - The author has a background in research and operations management, contributing to various financial platforms [1]. - The focus is on providing analysis that empowers investors, highlighting the significance of understanding market dynamics in emerging economies [1].

RESULTS PRESENTATION : 4™QTR2024 Financial figures are presented considering impacts from IFRS 16 adoption, unless otherwise indicated. Normalized numbers in this presentation are adjusted by the effects described in footnotes. TIMB TIMS LISTED B3 LISTED NM NYSE ISEB3 ETIM DISCLAIMER This presentation contains declarations that constitute forward-looking statements regarding the intent, belief or current expectations of value creation, customer base dynamics, estimates regarding future financial results and ...

Financial Data and Key Metrics Changes - The company reported a service revenue growth of 6.4% for 2024, exceeding inflation and achieving the top of the guidance range [6][30] - EBITDA increased by 8% year-over-year, with a margin reaching 49.6% [8][30] - Operating free cash flow grew close to 23% year-over-year, with a margin expanding to 20.5% in 2024 [8][32] Business Line Data and Key Metrics Changes - Mobile services revenue grew by 6.6% compared to 2023, driven by a nearly 9% increase in postpaid services [7][16] - The company maintained a low churn rate of 0.7%, indicating strong customer retention [7][15] - The average revenue per user (ARPU) reached above BRL 31, growing 6% year-over-year [16] Market Data and Key Metrics Changes - The company expanded its 5G coverage to over 600 cities, 20% more than its closest competitor, resulting in a doubling of 5G traffic compared to the previous year [10][20] - The company was recognized as the top operator in network quality for three consecutive years according to Opensignal [20] Company Strategy and Development Direction - The company is focused on enhancing its mobile, B2B, efficiency, and broadband segments, with specific strategies to improve value propositions [38][39] - The emphasis on digitalization and customer platform initiatives aims to create new revenue streams and improve operational efficiency [22][37] - The company plans to maintain its leadership in network quality while exploring opportunities in financial services following the end of its partnership with C6 Bank [43][108] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by a tougher macroeconomic environment but expressed confidence in the company's ability to meet targets [5][6] - The company is committed to sustainable growth and long-term value creation, with updated guidance reflecting changes in market conditions [37][39] Other Important Information - The company reported a net income exceeding BRL 3 billion, marking the highest organic net income in its history [31] - Shareholder remuneration reached BRL 3.5 billion, with a yield of 10% [32] Q&A Session Summary Question: What are the main macroeconomic assumptions embedded in the guidance? - Management indicated that the guidance was prepared with earlier inflation assumptions but has been updated to reflect current trends [47][48] Question: What is the outlook for prepaid services? - The company is focusing on migrating customers from prepaid to postpaid, which is expected to enhance revenue [49][50] Question: Can you elaborate on the company's CapEx guidance? - Management explained that CapEx remains stable due to efficiency improvements and a focus on service quality rather than just coverage [55][59] Question: What is the impact of the C6 partnership on dividends? - The monetization of the C6 partnership is expected to positively impact cash flow, contributing to shareholder remuneration [71][72] Question: How does the company plan to address the increase in receivables? - Management noted that the increase in receivables is expected due to seasonal dynamics and growth in IoT revenues [83][88] Question: What are the drivers for revenue growth? - Key drivers include postpaid growth, customer platform initiatives, and B2B business expansion [93][97] Question: Will the company be more aggressive in pricing strategies? - Management stated that they do not plan to be more aggressive but will focus on intelligent monetization of the customer base [104][106]

Core Insights - Coldwell Banker Realty announced Tim Allen as the top-performing agent nationally for 2024, achieving $307 million in residential sales volume and earning the Society of Excellence designation, which is awarded to the top 1 percent of agents [1][7] - Tim Allen Properties, his team, surpassed $500 million in sales for 2024, highlighting the team's strong performance in the luxury real estate market [1][2] Sales Performance - Tim Allen's notable sales included Clint Eastwood's home sold for $19.325 million and the highest-priced home in Monterey County history sold for $45 million [2] - The sales data is based on MLS records from January 1, 2024, to December 31, 2024 [8] Business Operations - Allen's operations encompass a full-service approach, including residential real estate, luxury rentals, commercial sales, and land development, with a focus on concierge support for clients [3] - His marketing strategy includes professionally produced videos to showcase exceptional listings, enhancing the overall client experience [3] Community Engagement - In May 2020, Allen founded CarmelGives, a community foundation aimed at supporting those affected by the COVID-19 pandemic, contributing 5% of his commissions to the fund [4] - CarmelGives has invested over $2.1 million in more than 200 grants and projects to assist local organizations and charities [4] Company Overview - Coldwell Banker Realty operates over 600 offices in the U.S. with more than 52,000 independent agents, making it a significant player in the residential real estate market [9]

Company Overview - TIM S.A. is the third largest telecom operator in the mobile segment in Brazil with a market share of approximately 23.7% [1] - Mobile services constitute 91.5% of TIM S.A.'s total revenue [1] Industry Insights - The Brazilian telecom market is characterized by significant competition, with TIM S.A. holding a substantial share in the mobile segment [1]

Airline Veteran to Guide Pricing and Yield Management in Carrier's Revenue Organization DALLAS, Aug. 21, 2024 /PRNewswire/ - Southwest Airlines Co. (NYSE: LUV) has appointed Tim Lyon to a new role as Vice President Pricing, where he is focusing additional attention on the carrier's yield and pricing discipline. Lyon brings more than two decades of airline industry experience and will oversee the carrier's Pricing Department, coordinating closely with business units that guide Revenue Management and Sales. " ...

Press Release Nokia and TIM partner to expand 5G coverage in Brazil in 2025 Nokia to modernize TIM's network with 5G equipment from its comprehensive AirScale portfolio. Deal reinforces TIM's commitment to expanding its 5G coverage and bringing the benefits to more people and businesses. 19 August 2024 Espoo, Finland – Nokia today announced that it has been selected by TIM Brasil (TIM) to expand its 5G radio access network (RAN) coverage across 15 Brazilian states from January 2025. This partnership will in ...

Investors interested in Wireless Non-US stocks are likely familiar with KT Corp. (KT) and TIM S.A. Sponsored ADR (TIMB) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimat ...

Company Participants Conference Call Participants Vincent Ferreira Before we discuss our results, I remind you that management may make forward-looking statements and this presentation may contain them. Please refer to the disclaimer on the screen, which will also be available in our earnings materials and in our Investor Relations website. Alberto Griselli We have a solid above-inflation expansion in service revenues growing above 7% year-on-year. With costs under control, our EBITDA grew double-digit and ...