Analysts raise target for Mills stock as estimates improve

Published on 10/05/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mills stock gets a BRL 14.60 target after BRL 12.80. Revenue in the second quarter rose to BRL 472.16 million from BRL 450.06 million.

Mills, BRMILSACNOR2, Illustration mit AI erstellt.

Analysts raised their fair value for Mills stock from BRL 12.80 to BRL 14.60 on September 12, 2026, according to Simply Wall St. The update puts the revised estimate 14.06 percent above the previous value and gives the rental company a sharper valuation reference after its latest operating figures.

Second-quarter revenue reaches BRL 472.16 million

Mills reported revenue of BRL 472.16 million in the second quarter of 2026, compared with BRL 450.06 million in the second quarter of 2025, according to Simply Wall St. That represents a 4.91 percent year-over-year increase and shows that the business expanded even as financing and utilization remain central issues for equipment-rental operators.

Net income reached BRL 106.25 million in the same quarter, up from BRL 87.23 million a year earlier. The increase was 21.80 percent, while net margin rose from 19.40 percent to 22.50 percent, a 3.10 percentage-point improvement.

Higher margin meets valuation pressure

The stronger quarter supports the optimistic case built around recurring contracts and digital fleet management. The same Simply Wall St analysis also identifies automation, tighter financing, capital spending and rental competition as factors that can pressure utilization and pricing.

The revised BRL 14.60 fair value remains below the BRL 16.03 share price cited in the October 4 coverage, leaving the market quotation 9.79 percent above that estimate. For investors, the key tension is visible in the numbers: quarterly profit improved faster than revenue, but the valuation already reflects part of that progress.

Market value reaches BRL 3.7 billion

Mills had a market capitalization of BRL 3.7 billion as of September 27, 2026. The company operates in machinery and equipment rental, including platforms, heavy machinery, construction structures, maintenance and related logistics services.