B3 · BRL

BRAP4

Bradespar SA Pfd

R$20.21-0.15% (-R$0.03)
Day's range
R$20.21 – R$20.56
Day's volume
R$79.6m
52-week range
R$16.99 – R$25.63

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BRAP4 in numbers

Market cap
R$7.6bn
P/E
13.59
P/B
0.99
Dividend yield (12m)
11.66%
Net debt/EBITDA
-0.48

The 12-month dividend yield of BRAP4 is 11.66%, below its 5-year average of 18.72%.

BRAP4 price history

01/10/202501/10/2026
Compare with

BRAP4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+35.14%+28.14%+60.60%
Volatility (annualised)28.18%23.31%28.43%
Largest drawdown-18.04%-27.77%-34.48%
Positive months6/1218/3632/60

How much did investing in BRAP4 return?

R$1,000.00 invested on 01/10/2021 would be worth R$1,713.33 today.

Value today in BRAP4
R$1,713.33
Return over the period
+71.33%
Return per year
+11.37%
In the Ibovespa
R$1,804.74

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

BRAP4 fundamentals

Valuation

  • P/E
    13.59
  • P/B
    0.99
  • EV/EBITDA
    14.04
  • EV/EBIT
    14.04
  • EV/Revenue
    —
  • P/EBIT
    14.53
  • P/S
    —
  • P/OCF
    9.72
  • P/FCF
    9.72
  • Earnings yield
    7.12%
  • PEG ratio
    —
  • Earnings per share
    R$1.49
  • Book value per share
    R$20.48

Debt

  • Net debt
    -R$254.5m
  • Net debt/EBITDA
    -0.48
  • Net debt/Equity
    -0.03
  • Debt/Equity
    0.00
  • Current ratio
    5.69
  • Quick ratio
    5.69
  • Cash ratio
    5.68

Efficiency

  • Gross margin
    —
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    —
  • Asset turnover
    0.00

Profitability

  • ROE
    7.26%
  • ROA
    7.22%
  • ROIC
    6.75%
  • Payout
    158.54%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    -35.07%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    -54.12%
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    -45.99%

What is BRAP4's fair price?

Two classic value formulas, with today's numbers. The current price is R$20.21.

Graham's fair price
R$26.17
29.50% above the price

√(22.50 × R$1.49 × R$20.48)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$74.15
266.88% above the price

R$4.45 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

BRAP4 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E14.305.475.323.131.227.87-17.204.82
P/B1.020.771.291.561.311.030.730.58
EV/EBITDA16.545.495.383.091.197.86—4.62
Dividend yield13.07%12.55%12.44%10.43%45.11%9.54%7.02%15.34%
Earnings per shareR$1.39R$3.03R$4.82R$9.48R$20.55R$4.22-R$1.16R$3.42
Book value per shareR$19.46R$21.58R$19.93R$19.02R$19.09R$32.34R$27.47R$28.62
ROE7.15%14.05%24.21%49.86%107.68%13.03%-4.22%11.95%
ROIC6.19%13.84%24.10%51.59%111.23%13.05%-4.24%12.36%
Net debt/EBITDA-0.04-0.25-0.13-0.11-0.04-0.04—-0.03

BRAP4 financial statements

Line202520242023202220212020
Net revenueR$0R$0R$0R$0R$0R$0
Cost of salesR$0R$0R$0R$0R$0R$0
Gross profitR$0R$0R$0R$0R$0R$0
EBITDAR$471.9mR$1.1bnR$1.8bnR$3.6bnR$8bnR$1.5bn
EBITR$471.9mR$1.1bnR$1.8bnR$3.6bnR$8bnR$1.5bn
Net finance resultR$75.1mR$57.6mR$67.8mR$81.3mR$62mR$6.5m
Profit before taxR$547mR$1.2bnR$1.9bnR$3.7bnR$8.1bnR$1.5bn
Income taxR$0R$0R$0R$0R$0R$0
Net incomeR$547mR$1.2bnR$1.9bnR$3.7bnR$8.1bnR$1.5bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

BRAP4 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
BRAP4Bradespar13.590.9911.66%7.26%R$7.6bn
ITUB4ITAU UNIBANCO HOLDING S.A.10.432.247.15%21.50%R$511.8bn
ITUB3ITAU UNIBANCO HOLDING S.A.11.412.456.53%21.50%R$511.8bn
BPAC3BCO BTG PACTUAL S.A.15.683.481.91%22.20%R$271.9bn
BPAC5BCO BTG PACTUAL S.A.13.142.922.28%22.20%R$271.9bn
BBDC4BCO BRADESCO S.A.7.921.086.80%13.66%R$183.9bn
BBDC3BCO BRADESCO S.A.6.940.957.05%13.66%R$183.9bn

Does BRAP4 pay dividends?

Dividend yield per year

  • 4.41%2017
  • 15.34%2018
  • 7.02%2019
  • 9.54%2020
  • 45.11%2021
  • 10.43%2022
  • 12.44%2023
  • 12.55%2024
  • 13.07%2025
  • 4.38%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend17/12/202513/03/2026R$0.21
Interest on equity17/12/202513/03/2026R$0.68
Dividend17/12/202530/12/2025R$0.66
Interest on equity12/11/202524/11/2025R$0.81
Dividend25/04/202515/05/2025R$0.92
Interest on equity19/12/202415/05/2025R$0.21
Interest on equity12/11/202421/11/2024R$0.90
Dividend29/04/202415/05/2024R$0.37
Dividend29/04/202415/05/2024R$0.81
Interest on equity21/11/202304/12/2023R$1.18
Dividend21/11/202304/12/2023R$0.60
Dividend27/04/202315/05/2023R$1.24
See all 70 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity26/12/202215/05/2023R$0.17
Dividend09/11/202221/11/2022R$0.81
Interest on equity09/11/202221/11/2022R$0.71
Dividend29/04/202210/05/2022R$1.58
Dividend16/12/202129/12/2021R$6.04
Dividend15/07/202126/07/2021R$1.78
Dividend31/03/202112/05/2021R$2.72
Interest on equity31/03/202112/05/2021R$0.73
Dividend11/11/202019/11/2020R$1.14
Interest on equity11/11/202019/11/2020R$0.86
Interest on equity27/12/201920/08/2020R$0.80
Interest on equity30/04/201915/05/2019R$0.47
Dividend30/04/201915/05/2019R$0.13
Interest on equity28/12/201831/01/2019R$0.64
Dividend27/04/201815/05/2018R$1.29
Interest on equity22/12/201730/03/2018R$0.96
Dividend27/04/201731/05/2017R$0.47
Interest on equity22/12/201609/01/2017R$0.11
Interest on equity30/10/201513/11/2015R$0.41
Dividend24/04/201515/05/2015R$0.24
Interest on equity24/04/201515/05/2015R$0.38
Dividend31/10/201414/11/2014R$0.34
Interest on equity31/10/201414/11/2014R$0.55
Interest on equity28/04/201415/05/2014R$0.36
Dividend28/04/201415/05/2014R$0.46
Dividend31/10/201314/11/2013R$0.11
Interest on equity31/10/201314/11/2013R$0.60
Interest on equity29/04/201315/05/2013R$0.38
Dividend29/04/201315/05/2013R$0.27
Interest on equity31/10/201214/11/2012R$0.65
Dividend27/04/201215/05/2012R$0.70
Interest on equity27/04/201215/05/2012R$0.19
Dividend31/10/201114/11/2011R$0.01
Interest on equity31/10/201114/11/2011R$0.75
Interest on equity28/04/201113/05/2011R$0.19
Dividend28/04/201113/05/2011R$0.75
Dividend29/10/201012/11/2010R$0.03
Interest on equity29/10/201012/11/2010R$0.47
Dividend30/04/201014/05/2010R$0.23
Interest on equity30/04/201014/05/2010R$0.28
Interest on equity30/10/200913/11/2009R$0.38
Dividend30/10/200913/11/2009R$0.14
Dividend30/04/200915/05/2009R$0.16
Interest on equity30/04/200915/05/2009R$0.49
Interest on equity31/10/200814/11/2008R$0.20
Dividend31/10/200814/11/2008R$0.42
Interest on equity30/04/200815/05/2008R$0.51
Dividend31/10/200714/11/2007R$0.12
Interest on equity31/10/200714/11/2007R$0.24
Dividend30/04/200715/05/2007R$0.34
Interest on equity30/04/200715/05/2007R$0.50
Interest on equity21/12/200608/01/2007R$1.42
Interest on equity30/10/200613/11/2006R$1.01
Interest on equity28/04/200615/05/2006R$1.51
Interest on equity10/10/200511/11/2005R$1.18
Interest on equity06/01/200524/01/2005R$1.89
Dividend30/04/200130/05/2001R$0.02
Dividend27/04/2012—R$0.31
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Bonus shares20/09/202113.00% in shares
Split16/10/20072 for 1
Split09/01/20072 for 1
Split29/04/20052 for 1
Share consolidation05/07/20041 for 50
Share consolidation02/07/20040.00002 for 1

About Bradespar

Listing segment
Level 1
Tag along
Set by the bylaws
Free float
71.54%
Shares issued
137.99m ordinary · 255.11m preferred
Average daily trading
R$42.4m
Ibovespa weight
0.19%
Listed since
10/08/2000
CNPJ
03.847.461/0001-92
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Cidade de Deus Cia. Cial. de ParticipaçõesControlling36.74%0.13%12.98%
NCF Participações S.A.Controlling24.87%0.99%9.37%
Grantham, Mayo, Van Otterloo & Co LLC0.00%9.84%6.39%
Fundação BradescoControlling14.88%0.00%5.22%
BlackRock, Inc.0.00%5.27%3.42%
Fundo de Investimento Geração Futuro LPAR0.00%5.12%3.33%
Nova Cidade de Deus Participações S.A.Controlling1.37%0.00%0.48%
Outros22.14%78.64%58.81%

Questions about BRAP4

How much is BRAP4 today?

BRAP4 is at R$20.21 (-0.15% on the day), last traded on 01/10/2026.

How much did BRAP4 pay in dividends in 2025?

BRAP4 paid R$2.60 per share in 2025, a dividend yield of 13.07%.

What are the P/E and P/B of BRAP4?

BRAP4 trades at a P/E of 13.59 and a P/B of 0.99.

How much did BRAP4 return in 12 months?

BRAP4 returned 35.14% in 12 months, with annualised volatility of 28.18% and a largest drawdown of -18.04%.