B3 · BRL
CYRE3
Cyrela Brazil Realty SA Empreendimentos e Participacoes
- Day's range
- R$26.93 – R$27.91
- Day's volume
- R$189.5m
- 52-week range
- R$19.76 – R$32.56
Follow CYRE3 on Fuolio
See how CYRE3 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountCYRE3 in numbers
- Market cap
- R$12.2bn
- P/E
- 6.04
- P/B
- 1.10
- Dividend yield (12m)
- 10.04%
- Net debt/EBITDA
- 3.91
The 12-month dividend yield of CYRE3 is 10.04%, above its 5-year average of 6.21%.
CYRE3 price history
CYRE3 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -3.26% | +78.67% | +145.34% |
| Volatility (annualised) | 34.26% | 34.86% | 40.35% |
| Largest drawdown | -35.13% | -35.13% | -35.13% |
| Positive months | 7/12 | 22/36 | 34/60 |
How much did investing in CYRE3 return?
R$1,000.00 invested on 01/09/2021 would be worth R$1,873.13 today.
- Value today in CYRE3
- R$1,873.13
- Return over the period
- +87.31%
- Return per year
- +13.38%
- In the Ibovespa
- R$1,657.66
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
CYRE3 fundamentals
Valuation
- P/E6.04
- P/B1.10
- EV/EBITDA8.77
- EV/EBIT9.45
- EV/Revenue2.23
- P/EBIT5.24
- P/S1.24
- P/OCF28.02
- P/FCF-70.20
- Earnings yield10.58%
- PEG ratio3.23
- Earnings per shareR$4.50
- Book value per shareR$24.63
Debt
- Net debtR$9.8bn
- Net debt/EBITDA3.91
- Net debt/Equity0.79
- Debt/Equity1.12
- Current ratio3.37
- Quick ratio2.09
- Cash ratio0.86
Efficiency
- Gross margin33.08%
- EBITDA margin25.49%
- Operating margin23.64%
- Net margin24.34%
- Asset turnover0.36
Profitability
- ROE18.26%
- ROA8.66%
- ROIC9.81%
- Payout60.69%
Growth
- Revenue CAGR (5 years)17.50%
- Earnings CAGR (5 years)-0.80%
- Revenue growth (year)18.30%
- Earnings growth (year)-8.50%
- Revenue growth (quarter)14.82%
- Earnings growth (quarter)1.87%
What is CYRE3's fair price?
Two classic value formulas, with today's numbers. The current price is R$27.18.
- Graham's fair price
- R$49.93
- 83.69% above the price
√(22.50 × R$4.50 × R$24.63)
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$22.98
- 15.47% below the price
R$1.38 (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.
CYRE3 indicators by year
Multiples at each year's closing price; margins and returns from that year's accounts.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 6.74 | 2.97 | 10.22 | 6.73 | 7.18 | 6.98 | 29.75 | -76.40 |
| P/B | 1.18 | 0.65 | 1.13 | 0.71 | 0.97 | 2.12 | 2.39 | 1.16 |
| EV/EBITDA | 9.62 | 6.32 | 12.78 | 10.99 | 8.85 | 6.52 | 24.20 | 94.63 |
| Dividend yield | 12.83% | 3.52% | 3.51% | 4.32% | 6.90% | 6.32% | 9.64% | 7.24% |
| Earnings per share | R$4.39 | R$5.71 | R$2.36 | R$1.94 | R$2.19 | R$4.22 | R$1.00 | -R$0.20 |
| Book value per share | R$25.10 | R$25.91 | R$21.26 | R$18.48 | R$16.32 | R$13.91 | R$12.42 | R$13.29 |
| ROE | 17.50% | 22.04% | 11.08% | 10.51% | 13.44% | 30.37% | 8.03% | -1.52% |
| ROIC | 10.22% | 11.01% | 6.98% | 6.26% | 9.59% | 21.61% | 6.44% | 0.06% |
| Gross margin | 32.58% | 32.39% | 32.68% | 32.04% | 34.77% | 32.70% | 30.93% | 26.54% |
| EBITDA margin | 25.60% | 25.95% | 19.07% | 17.68% | 23.49% | 58.73% | 15.85% | 2.74% |
| Net margin | 21.30% | 27.53% | 15.07% | 14.95% | 19.09% | 46.04% | 10.58% | -2.68% |
| Net debt/EBITDA | 4.02 | 3.17 | 4.71 | 5.30 | 3.01 | 1.05 | 4.34 | 19.95 |
CYRE3 financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$9.4bn | R$8bn | R$6.3bn | R$5.4bn | R$4.8bn | R$3.8bn |
| Cost of sales | -R$6.4bn | -R$5.4bn | -R$4.2bn | -R$3.7bn | -R$3.1bn | -R$2.6bn |
| Gross profit | R$3.1bn | R$2.6bn | R$2bn | R$1.7bn | R$1.7bn | R$1.3bn |
| EBITDA | R$2.4bn | R$2.1bn | R$1.2bn | R$956.8m | R$1.1bn | R$2.2bn |
| EBIT | R$2.3bn | R$2bn | R$1.1bn | R$913.3m | R$1.1bn | R$2.2bn |
| Net finance result | R$247.7m | R$113.7m | R$136.8m | R$68.3m | R$43m | R$84.5m |
| Profit before tax | R$2.5bn | R$2.1bn | R$1.3bn | R$981.6m | R$1.1bn | R$2.3bn |
| Income tax | -R$148m | -R$185.4m | -R$156.5m | -R$123m | -R$88.6m | -R$459.9m |
| Net income | R$2bn | R$2.2bn | R$942.1m | R$808.9m | R$914.4m | R$1.8bn |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
CYRE3 against its sector
The same indicators for the company's other shares and the sector's largest stocks.
| Stock | P/E | P/B | Dividend yield (12m) | ROE | Market cap |
|---|---|---|---|---|---|
| CYRE3Cyrela Brazil Realty | 6.04 | 1.10 | 10.04% | 18.26% | R$12.2bn |
| ITUB4ITAU UNIBANCO HOLDING S.A. | 10.43 | 2.24 | 7.15% | 21.50% | R$511.8bn |
| ITUB3ITAU UNIBANCO HOLDING S.A. | 11.41 | 2.45 | 6.53% | 21.50% | R$511.8bn |
| BPAC3BCO BTG PACTUAL S.A. | 15.68 | 3.48 | 1.91% | 22.20% | R$271.9bn |
| BPAC5BCO BTG PACTUAL S.A. | 13.14 | 2.92 | 2.28% | 22.20% | R$271.9bn |
| BBDC4BCO BRADESCO S.A. | 7.92 | 1.08 | 6.80% | 13.66% | R$183.9bn |
| BBDC3BCO BRADESCO S.A. | 6.94 | 0.95 | 7.05% | 13.66% | R$183.9bn |
Does CYRE3 pay dividends?
Dividend yield per year
- 0.71%2017
- 7.24%2018
- 9.64%2019
- 6.32%2020
- 6.90%2021
- 4.32%2022
- 3.51%2023
- 3.52%2024
- 12.83%2025
- 0.00%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/12/2025 | 17/12/2025 | R$2.73 |
| Dividend | 25/04/2025 | 02/10/2025 | R$1.07 |
| Dividend | 25/04/2024 | 26/11/2024 | R$0.60 |
| Dividend | 11/12/2023 | 18/12/2023 | R$0.33 |
| Dividend | 02/05/2023 | 21/08/2023 | R$0.51 |
| Dividend | 22/04/2022 | 14/12/2022 | R$0.56 |
| Dividend | 23/04/2021 | 14/06/2021 | R$1.09 |
| Dividend | 15/12/2020 | 29/12/2020 | R$1.56 |
| Dividend | 23/07/2020 | 17/12/2020 | R$0.26 |
| Dividend | 30/04/2020 | 26/05/2020 | R$0.05 |
| Dividend | 10/12/2019 | 20/12/2019 | R$1.04 |
| Interest on equity | 10/12/2019 | 20/12/2019 | R$1.04 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 10/07/2019 | 31/07/2019 | R$0.78 |
| Dividend | 18/12/2018 | 28/12/2018 | R$0.60 |
| Dividend | 07/05/2018 | 02/07/2018 | R$0.52 |
| Dividend | 28/04/2017 | 26/06/2017 | R$0.09 |
| Dividend | 28/04/2016 | 23/06/2016 | R$0.28 |
| Dividend | 28/04/2015 | 26/06/2015 | R$0.41 |
| Dividend | 28/04/2014 | 27/06/2014 | R$0.42 |
| Dividend | 30/04/2013 | 28/06/2013 | R$0.13 |
| Dividend | 30/04/2013 | 28/06/2013 | R$0.38 |
| Dividend | 27/04/2012 | 27/06/2012 | R$0.29 |
| Dividend | 29/04/2011 | 24/06/2011 | R$0.34 |
| Dividend | 30/04/2010 | 11/05/2010 | R$0.47 |
| Dividend | 30/04/2009 | 11/05/2009 | R$0.19 |
| Dividend | 29/04/2008 | 16/05/2008 | R$0.04 |
| Dividend | 17/09/2007 | 25/09/2007 | R$0.17 |
| Dividend | 30/04/2007 | 10/05/2007 | R$0.09 |
| Interest on equity | 20/10/2006 | 31/10/2006 | R$0.18 |
| Dividend | 11/04/2006 | 26/04/2006 | R$0.27 |
| Dividend | 14/12/2004 | 23/12/2004 | R$0.21 |
| Dividend | 30/04/2004 | 08/06/2004 | R$0.09 |
| Dividend | 16/04/2003 | 30/05/2003 | R$0.13 |
| Dividend | 07/03/2002 | 18/03/2002 | R$0.24 |
| Dividend | 20/02/2001 | 07/03/2001 | R$0.25 |
| Dividend | 25/04/2000 | 23/06/2000 | R$0.13 |
| Dividend | 30/04/1999 | 30/06/1999 | R$0.08 |
| Dividend | 24/05/2005 | — | R$0.38 |
| Dividend | 28/04/1998 | — | R$0.06 |
| Dividend | 18/04/1997 | — | R$0.02 |
| Event | Last day to own | Ratio |
|---|---|---|
| Bonus shares | 30/12/2025 | 18.96% in shares |
| Split | 07/12/2006 | 2 for 1 |
About Cyrela Brazil Realty
- Sector
- Construção e Imobiliário
- Segment
- Incorporações
- Listing segment
- Novo Mercado
- Tag along
- 100.00%
- Free float
- 65.70%
- Shares issued
- 384m ordinary · 69.45m preferred
- Average daily trading
- R$173.9m
- Ibovespa weight
- 0.27%
- Listed since
- 18/07/1994
- CNPJ
- 73.178.600/0001-18
A Cyrela Brazil Realty S.A. Empreendimentos e Participacoes atua no desenvolvimento, incorporacao e construcao de empreendimentos residenciais no Brasil. A companhia negocia acoes na B3 sob o ticker CYRE3 e opera com foco em diferentes faixas de renda por meio de marcas e plataformas do grupo. A empresa estrutura sua atuacao em aquisicao de terrenos, desenvolvimento de projetos, vendas e gestao de obras, incluindo servicos tecnicos e de consultoria imobiliaria. O modelo contempla tambem participacoes societarias em negocios complementares de incorporacao e distribuicao comercial. Com sede em Sao Paulo, a Cyrela tem origem historica no fim da decada de 1950 e evoluiu para um dos grupos privados relevantes de incorporacao residencial no pais, com presenca em mercados urbanos de maior liquidez.
Investor website| Shareholder | Ordinary | Preferred | Total |
|---|---|---|---|
| ELIE HORNControlling | 20.76% | 21.77% | 20.92% |
| Eirenor S/AControlling | 5.70% | 5.98% | 5.75% |
| BlackRock, Inc. | 5.54% | 5.81% | 5.58% |
| Invesco Ltd. | 5.01% | 0.86% | 4.38% |
| EH Capital ManagementControlling | 1.95% | 2.05% | 1.97% |
| Absolute Gestão de Investimentos LTDA. | 0.00% | 10.59% | 1.62% |
| SPX Gestão de Recursos Ltda. | 0.00% | 5.25% | 0.80% |
| Outros | 55.00% | 46.04% | 53.63% |
| Ações Tesouraria | 6.02% | 1.66% | 5.36% |
Questions about CYRE3
How much is CYRE3 today?
CYRE3 is at R$27.18 (0.18% on the day), last traded on 30/09/2026.
How much did CYRE3 pay in dividends in 2025?
CYRE3 paid R$3.80 per share in 2025, a dividend yield of 12.83%.
What are the P/E and P/B of CYRE3?
CYRE3 trades at a P/E of 6.04 and a P/B of 1.10.
How much did CYRE3 return in 12 months?
CYRE3 returned -3.26% in 12 months, with annualised volatility of 34.26% and a largest drawdown of -35.13%.
What sector is CYRE3 in?
Cyrela Brazil Realty is in the Construção e Imobiliário sector, Incorporações segment.