Company Data
CNPJ
Market Cap
Number of Shares
Listing Segment
IPO Date
Key Indicators
P/E
P/VP
DY
Tag Along
Free float
Viability Seal
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Company Data
CNPJ
27.093.558/0001-15
Market Cap
R$3.7B
Number of Shares
234,23 mi
Listing Segment
NOVO MERCADO
IPO Date
16/04/2010
Key Indicators
P/E
8.20
P/VP
1.95
DY
5.39%
Tag Along
100.00%
Free float
46.46%
Viability Seal
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The stock is undefined relative to the fair price by the Graham formula.
R$ 15,72
The stock is undefined relative to the fair price by the Bazin formula.
R$ 15,72
A Mills is a pioneer and leader in the rental market for aerial platforms and high-complexity constructions in Brazil.
Mills Solaris has the largest fleet in Latin America, with over 9,000 pieces of equipment and operates nationally, being present in more than 1,200 cities across Brazil. It has 44 branches and over 1,550 employees.
The company's service portfolio is aimed at various segments such as: civil construction, commerce, industry, and infrastructure sector.
In this way, the company offers solutions for maintenance, cleaning, construction, painting, inventory movement, electrical installation, and other types of services related to working at height.
The stages of the operational cycle of Mills Solaris are:
Purchase: The scale of equipment acquisition is a competitive advantage for the company, as it can negotiate with suppliers.
Equipment lifespan: The company performs preventive maintenance every 200 hours of equipment use. This extends the lifespan of the equipment.
Rental: The company's equipment can be used in various activities and provides good profitability for the company.
Sale: Finally, Mills Solaris sells equipment in the secondary market, at the right time and with ideal prices for replacement.
Basically, the company operates in two fronts:
1- Rental: In this segment, the main business is the supply of aerial platforms. Additionally, it rents air compressors, personal lifts, lighting towers, and generators.
In general, the equipment is rented on a 28-day basis and contracts have an average duration of three to four months.
The services in this segment can be used in various applications, such as: construction sites, warehouses, works, cleaning, hydroelectric plants, maintenance, industrial assemblies, and execution of artworks.
2- Construction: The company works with the rental of formwork and shoring, engineering projects related to the implementation of special systems.
This rental service can cater to various activities such as: hydroelectric plants, large constructions, facade recovery, bridges, and highways. Regarding the contract model, contractual terms vary between 9 and 24 months.
Mills is a company involved in various social projects, such as:
Global Compact: This is the largest global initiative for mobilizing the business community with a focus on corporate sustainability.
Mills has committed to following the principles of the global compact in favor of achieving the 17 Sustainable Development Goals (SDGs).
Sharing Program: This program is an initiative of the company for positive social impact, aimed at sharing financial results with local communities surrounding the branches.
We for Diversity: This program aims to spread the theme of diversity among employees and thereby raise awareness about issues related to diversity.
The history of Mills began in 1952 and it has a pioneering journey marked by the construction of major works that contributed to the development of Brazil.
In 1997, the aerial platforms division of Mills was born, and in 2003, the aerial platforms division was sold to Sullair Argentina, which renamed the new company as Solaris. In 2010, Mills went public.
Subsequently, in 2015, the restructuring process of Mills and Solaris began due to the economic crisis. In 2019, Solaris was incorporated by Mills and the company became known as Mills Solaris.
The two companies were the main players in Brazil in equipment rental, and by joining forces, they became responsible for 28% of the market share in the segment, meaning Mills Solaris became a leader in its operating segment.
In summary, between 1990 and 2020, Mills focused on expanding its portfolio with innovative and safe solutions. As a result, it grew in its operating segment and is now a leader in the rental market for aerial platforms and high-complexity constructions in Brazil.
Finally, in 2020, the company began structuring objectives related to sustainability, and in 2021, it implemented actions to consolidate the internal culture of ESG – Environmental, Social and Corporate Governance.
