B3 · BRL

BRST3

Brisanet Servicos de Telecomunicacoes S.A.

R$2.88+1.05% (R$0.03)
Day's range
R$2.85 – R$2.90
Day's volume
R$434.6k
52-week range
R$2.65 – R$3.59

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BRST3 in numbers

Market cap
R$1.3bn
P/E
21.21
P/B
0.80
Dividend yield (12m)
1.43%
Net debt/EBITDA
4.35

BRST3 trades at 21.21 times its earnings of the last 12 months.

BRST3 price history

01/10/202501/10/2026
Compare with

BRST3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months
Return-1.86%
Volatility (annualised)21.38%
Largest drawdown-19.79%
Positive months4/12

How much did investing in BRST3 return?

R$1,000.00 invested on 01/02/2025 would be worth R$1,108.26 today.

Value today in BRST3
R$1,108.26
Return over the period
+10.83%
Return per year
+6.38%
In the Ibovespa
R$1,516.24

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

BRST3 fundamentals

Valuation

  • P/E
    21.21
  • P/B
    0.80
  • EV/EBITDA
    5.96
  • EV/EBIT
    17.52
  • EV/Revenue
    2.58
  • P/EBIT
    4.75
  • P/S
    0.70
  • P/OCF
    2.08
  • P/FCF
    -3.19
  • Earnings yield
    5.71%
  • PEG ratio
    0.92
  • Earnings per share
    R$0.14
  • Book value per share
    R$3.60

Debt

  • Net debt
    R$3.4bn
  • Net debt/EBITDA
    4.35
  • Net debt/Equity
    2.14
  • Debt/Equity
    2.63
  • Current ratio
    1.51
  • Quick ratio
    1.49
  • Cash ratio
    1.04

Efficiency

  • Gross margin
    43.22%
  • EBITDA margin
    43.23%
  • Operating margin
    14.72%
  • Net margin
    3.29%
  • Asset turnover
    0.38

Profitability

  • ROE
    3.77%
  • ROA
    1.25%
  • ROIC
    5.33%
  • Payout
    30.26%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    17.47%
  • Earnings growth (year)
    -32.82%
  • Revenue growth (quarter)
    16.56%
  • Earnings growth (quarter)
    23.04%

What is BRST3's fair price?

Two classic value formulas, with today's numbers. The current price is R$2.88.

Graham's fair price
R$3.32
15.23% above the price

√(22.50 × R$0.14 × R$3.60)

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$1.21
58.03% below the price

R$0.07 (4-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.

BRST3 indicators by year

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

Indicator202520242023
P/E36.36——
P/B0.96——
EV/EBITDA6.55——
Dividend yield2.42%——
Earnings per shareR$0.09R$0.14R$0.39
Book value per shareR$3.55R$3.47R$3.52
ROE2.63%4.00%11.20%
ROIC4.36%3.34%7.76%
Gross margin42.47%42.10%46.70%
EBITDA margin44.64%42.37%47.51%
Net margin2.43%4.26%14.05%
Net debt/EBITDA4.574.832.81

BRST3 financial statements

Line202520242023
Net revenueR$1.7bnR$1.4bnR$1.2bn
Cost of sales-R$964.9m-R$826.7m-R$654.4m
Gross profitR$712.4mR$601.1mR$573.5m
EBITDAR$748.8mR$604.9mR$583.3m
EBITR$242.1mR$192.9mR$257.1m
Net finance result-R$196.4m-R$113.9m-R$77.9m
Profit before taxR$45.7mR$79mR$179.3m
Income tax-R$4.8m-R$18.2m-R$7.1m
Net incomeR$40.8mR$60.8mR$172.5m

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

BRST3 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
BRST3Brisanet Serviços De Telecomunicações21.210.801.43%3.77%R$1.3bn
VIVT3TELEFÔNICA BRASIL S.A14.581.478.54%10.05%R$96.2bn
TIMS3TIM S.A.10.141.758.03%17.29%R$43.6bn
DESK3DESKTOP S.A.40.481.580.96%3.91%R$2.3bn
FIQE3UNIFIQUE TELECOMUNICAÇÕES S.A.8.991.6513.61%18.40%R$2bn
TELB4TELEC BRASILEIRAS S.A. TELEBRAS6.710.550.00%8.14%R$1.9bn
TELB3TELEC BRASILEIRAS S.A. TELEBRAS15.101.230.00%8.14%R$1.9bn

Does BRST3 pay dividends?

Dividend yield per year

  • 2022
  • 2023
  • 2024
  • 2.42%2025
  • 1.43%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity19/12/202512/05/2026R$0.04
Interest on equity30/12/202430/06/2025R$0.04
Interest on equity06/01/202513/05/2025R$0.04
Dividend25/04/202422/05/2024R$0.09
Dividend24/04/202421/05/2024R$0.09
Dividend20/04/202330/05/2023R$0.03
Dividend26/04/202231/05/2022R$0.00

About Brisanet Serviços De Telecomunicações

Sector
Telecomunicações
Segment
Telecomunicações
Listing segment
Novo Mercado
Tag along
100.00%
Free float
18.96%
Shares issued
438.01m ordinary
Average daily trading
R$576.7k
Listed since
05/12/2024
CNPJ
04.601.397/0001-28

A Brisanet Participações S.A. é uma operadora regional de telecomunicações com foco em banda larga por fibra óptica e serviços de conectividade para residências e empresas, principalmente nas regiões Norte e Nordeste do Brasil. A companhia também atua em telefonia móvel e projetos de expansão de infraestrutura, incluindo rede própria de transporte e última milha, com estratégia de cobertura em cidades de médio e pequeno porte. No setor de telecom, a empresa compete com grandes grupos nacionais e provedores locais, apoiada em capilaridade regional e investimentos contínuos em rede. Sua geração de receita depende de adições líquidas de assinantes, ARPU, eficiência operacional e ritmo de implantação de infraestrutura. As ações ordinárias são negociadas na B3 sob o ticker BRST3, representando uma tese de crescimento em conectividade fora dos grandes centros.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
JOSÉ ROBERTO NOGUEIRAControlling33.83%0.00%33.83%
JOÃO PAULO ESTEVAMControlling8.17%0.00%8.17%
JORDÃO ESTEVAM NOGUEIRAControlling8.09%0.00%8.09%
PAULO ESTEVAM DA SILVAControlling8.07%0.00%8.07%
MIGUEL ESTEVAM PARENTEControlling4.83%0.00%4.83%
JORDANIA KARINA NOGUEIRA ESTEVAMControlling4.05%0.00%4.05%
ANA PAULA NOGUEIRAControlling4.03%0.00%4.03%
FRANCISCO ESTEVAM SOBRINHOControlling3.63%0.00%3.63%
FRANCISCO DE FRANÇA REISControlling2.42%0.00%2.42%
GABRIELA QUEIROZ ESTEVAMControlling1.81%0.00%1.81%
PEDRO SALES QUEIROZ ESTEVAMControlling1.81%0.00%1.81%
Outros19.27%0.00%19.27%

Questions about BRST3

How much is BRST3 today?

BRST3 is at R$2.88 (1.05% on the day), last traded on 01/10/2026.

How much did BRST3 pay in dividends in 2025?

BRST3 paid R$0.08 per share in 2025, a dividend yield of 2.42%.

What are the P/E and P/B of BRST3?

BRST3 trades at a P/E of 21.21 and a P/B of 0.80.

How much did BRST3 return in 12 months?

BRST3 returned -1.86% in 12 months, with annualised volatility of 21.38% and a largest drawdown of -19.79%.

What sector is BRST3 in?

Brisanet Serviços De Telecomunicações is in the Telecomunicações sector, Telecomunicações segment.