Wetzel S.A.

MWET4.SA

Auto - Parts · Consumer Cyclical

Price

R$20.00

+1.50 (+8.11%)

Market Cap

R$27.4M

Exchange

B3 S.A.

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 26, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

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Share count rising — dilution

+18.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.7M (2021) → 2.1M (2025)

Winston Score History

The full picture

Wetzel S.A. is a Brazilian manufacturer of auto parts, specializing in aluminum and zinc die-cast components used in engines, transmissions, and other vehicle systems. Its main customers are automakers and automotive suppliers operating in Brazil and abroad. The company is based in Joinville, Santa Catarina, and has been a notable player in Brazil's auto parts industry for decades.

Wetzel makes money by selling manufactured metal components to the automotive sector, with revenue tied to vehicle production volumes. It operates primarily in Brazil, serving both domestic and export markets, though it is a small-cap company with limited scale. Recent financials show negative operating margins and returns on capital, reflecting ongoing profitability challenges. The company's outlook depends heavily on a recovery in Brazilian auto production and its ability to improve cost efficiency in a competitive, cyclical industry.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-12.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-64.3% YoY

YoY Growth Rate

Earnings declining

R&D Spend

R$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

47.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~5 years

R$48M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

R$48M cash & investments at current burn rate

Revenue declining

Wetzel S.A.'s revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

10.6%

Thin — 10.6% gross margin

Profit after running costs

Operating Margin

-10.0%

Losing money on operations — -10.0%

Return on the money invested

ROCE

-4.5%

Weak — -4.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-28.9%

Shrinking sales (-28.9% YoY)

Profit growth

EPS YoY

-225.4%

Earnings shrinking (-225.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-16.8%

Burning cash (-16.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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