The – survey that highlights the 54 publicly traded Brazilian companies that grow the most and with the most consistency – deliver, for the second consecutive year, performance superior to the B3 average.
Indicators of operational efficiency and shareholder remuneration are highlighted, according to data from Elos Ayta. The positive performance reflects the work of CFOs, who stand out for promoting successful strategies amid a scenario of economic volatility and high interest rates.
“Finding ways to translate efforts into numbers is fundamental in business, especially in the area of finance. Lists like Elite InfoMoney offer the market an important reference of proven efficient financial management models”, says Ricardo Rochman, professor at the Center for Finance Studies at FGV EAESP.
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Business sustainability
Data published in November last year showed that the group of companies on the list already delivered higher Return on Net Equity (ROE) and more consistent dividends in relation to the broad universe of the stock market.
The positive performance is repeated this year. While all companies listed on B3 delivered, on average, a 12.07% ROE in 2024, Elite InfoMoney companies achieved an ROE of 15.40% in the period.
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“This pattern reinforces the central thesis of the first edition of Elite InfoMoney: high-performance CFOs promote a strategic differential capable of sustaining above-average profitability in good and bad cycles”, says Einar Rivero, founder of Elos Ayta Consultoria.
In the assessment of Ricardo Rochman, from FGV EAESP, CFOs have faced enormous challenges since 2020, with the pandemic and high inflation. Then, during the economic recovery, one of the biggest obstacles was the rise in interest rates, which has continued to this day.
“This is a scenario that compromises investment plans and requires a review of the way the company finances itself, which directly affects the results for shareholders and stakeholders. Elite InfoMoney brings together financial leaders who have dealt well with these challenges”, says Rochman.
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Featured dividends
For the second year in a row, Elite InfoMoney companies also maintain a higher standard of shareholder remuneration, measured by the indicator – a metric that indicates the attractiveness of dividend earnings in the market.
While all companies listed on B3 delivered, on average, 5.30% of Dividends/PL in the period from 2022 to 2024, the percentage of Elite InfoMoney companies was 5.98%.
“CFOs of large publicly traded companies are increasingly actively participating in business strategy, which directly reflects in good remuneration rates for shareholders”, says Charles Laganá Putz, member of the Board of Directors of IBEF-SP.
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Putz reiterates that, today, outstanding finance leaders deeply understand how companies operate by closely monitoring areas such as sales and purchasing. “In this way, executives increasingly show leadership by actively contributing to the direction of the business”, he points out.
Sector performance
In the period analyzed – 2022 to 2024 – the Oil and Gas sector stood out for its structural consistency by leading ROE in all periods. The segment also presented significant payments of Dividends/PL in 2022 and 2023, reaching a percentage of 30.11% in both years.
In Rochman’s assessment, the performance reflects the favorable price of a barrel of oil on the international market and the appreciation of the dollar, which accumulated an increase of 27.3% in 2024 and ended December at R$6.19.
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Water, Sewage and other systems were highlighted by Elos Ayta as another highlight of Elite InfoMoney. The numbers show an increase in the average ROE of companies in the segment. The indicator showed an increase of 12%, 15% and 22.77%, respectively, in 2022, 2023 and 2024.
In addition to the recurrence of revenue, another point that contributed to the result, according to Rochman, was the Sabesp privatization process, completed in July 2024.
“Sabesp has been organizing its house over the last few years by focusing on improving operational processes, which translates into an increase in ROE. Its individual numbers reflect positively on the sector’s data”, he states.
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