B3 · BRL

CYRE4

Cyrela Brazil Realty SA Empreendimentos e Participacoes Pfd shs

R$25.89+1.05% (R$0.27)
Day's range
R$25.34 – R$25.97
Day's volume
R$6.9m
52-week range
R$18.14 – R$30.90

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CYRE4 in numbers

Market cap
R$12.3bn
P/E
5.76
P/B
1.05
Dividend yield (12m)
0.00%
Net debt/EBITDA
3.91

CYRE4 trades at 5.76 times its earnings of the last 12 months.

CYRE4 price history

10/02/202601/10/2026
Compare with

How much did investing in CYRE4 return?

R$1,000.00 invested on 01/03/2026 would be worth R$1,013.05 today.

Value today in CYRE4
R$1,013.05
Return over the period
+1.30%
In the Ibovespa
R$994.01

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

CYRE4 fundamentals

Valuation

  • P/E
    5.76
  • P/B
    1.05
  • EV/EBITDA
    8.78
  • EV/EBIT
    9.47
  • EV/Revenue
    2.24
  • P/EBIT
    5.26
  • P/S
    1.24
  • P/OCF
    28.13
  • P/FCF
    -70.46
  • Earnings yield
    10.56%
  • PEG ratio
    3.24
  • Earnings per share
    R$4.50
  • Book value per share
    R$24.63

Debt

  • Net debt
    R$9.8bn
  • Net debt/EBITDA
    3.91
  • Net debt/Equity
    0.79
  • Debt/Equity
    1.12
  • Current ratio
    3.37
  • Quick ratio
    2.09
  • Cash ratio
    0.86

Efficiency

  • Gross margin
    33.08%
  • EBITDA margin
    25.49%
  • Operating margin
    23.64%
  • Net margin
    24.34%
  • Asset turnover
    0.36

Profitability

  • ROE
    18.26%
  • ROA
    8.66%
  • ROIC
    9.81%
  • Payout
    0.00%

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 CYRE4's fair price?

Two classic value formulas, with today's numbers. The current price is R$25.89.

Graham's fair price
R$49.93
92.84% 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
—
Does not apply to CYRE4: it paid no distributions in the last five years.

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.

CYRE4 indicators by year

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

Indicator20252024202320222021202020192018
Earnings per shareR$4.39R$5.71R$2.36R$1.94R$2.19R$4.22R$1.00-R$0.20
Book value per shareR$25.10R$25.91R$21.26R$18.48R$16.32R$13.91R$12.42R$13.29
ROE17.50%22.04%11.08%10.51%13.44%30.37%8.03%-1.52%
ROIC10.22%11.01%6.98%6.26%9.59%21.61%6.44%0.06%
Gross margin32.58%32.39%32.68%32.04%34.77%32.70%30.93%26.54%
EBITDA margin25.60%25.95%19.07%17.68%23.49%58.73%15.85%2.74%
Net margin21.30%27.53%15.07%14.95%19.09%46.04%10.58%-2.68%
Net debt/EBITDA4.023.174.715.303.011.054.3419.95

CYRE4 financial statements

Line202520242023202220212020
Net revenueR$9.4bnR$8bnR$6.3bnR$5.4bnR$4.8bnR$3.8bn
Cost of sales-R$6.4bn-R$5.4bn-R$4.2bn-R$3.7bn-R$3.1bn-R$2.6bn
Gross profitR$3.1bnR$2.6bnR$2bnR$1.7bnR$1.7bnR$1.3bn
EBITDAR$2.4bnR$2.1bnR$1.2bnR$956.8mR$1.1bnR$2.2bn
EBITR$2.3bnR$2bnR$1.1bnR$913.3mR$1.1bnR$2.2bn
Net finance resultR$247.7mR$113.7mR$136.8mR$68.3mR$43mR$84.5m
Profit before taxR$2.5bnR$2.1bnR$1.3bnR$981.6mR$1.1bnR$2.3bn
Income tax-R$148m-R$185.4m-R$156.5m-R$123m-R$88.6m-R$459.9m
Net incomeR$2bnR$2.2bnR$942.1mR$808.9mR$914.4mR$1.8bn

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

CYRE4 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
CYRE4Cyrela Brazil Realty5.761.050.00%18.26%R$12.3bn
ITUB4ITAU UNIBANCO HOLDING S.A.10.402.247.17%21.50%R$509.4bn
ITUB3ITAU UNIBANCO HOLDING S.A.11.342.446.57%21.50%R$509.4bn
BPAC3BCO BTG PACTUAL S.A.15.663.481.91%22.20%R$270.2bn
BPAC5BCO BTG PACTUAL S.A.12.942.872.31%22.20%R$270.2bn
BBDC4BCO BRADESCO S.A.7.941.096.78%13.66%R$184.7bn
BBDC3BCO BRADESCO S.A.6.970.957.02%13.66%R$184.7bn

Does CYRE4 pay dividends?

CYRE4 has no distributions on record.

About Cyrela Brazil Realty

Listing segment
Novo Mercado
Tag along
Set by the bylaws
Free float
65.70%
Shares issued
384m ordinary · 69.45m preferred
Average daily trading
R$8.2m
Listed since
18/07/1994
CNPJ
73.178.600/0001-18
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
ELIE HORNControlling20.76%21.77%20.92%
Eirenor S/AControlling5.70%5.98%5.75%
BlackRock, Inc.5.54%5.81%5.58%
Invesco Ltd.5.01%0.86%4.38%
EH Capital ManagementControlling1.95%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%
Outros55.00%46.04%53.63%
Ações Tesouraria6.02%1.66%5.36%

Questions about CYRE4

How much is CYRE4 today?

CYRE4 is at R$25.89 (1.05% on the day), last traded on 02/10/2026.

What are the P/E and P/B of CYRE4?

CYRE4 trades at a P/E of 5.76 and a P/B of 1.05.