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B3 · BRL

DIRR3

Direcional Engenharia S.A.

R$10.11-0.49% (-R$0.05)
Day's range
R$9.77 – R$10.38
Day's volume
R$164.6m
52-week range
R$9.56 – R$19.04

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See how DIRR3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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DIRR3 in numbers

Market cap
R$5.3bn
P/E
6.15
P/B
2.26
Dividend yield (12m)
15.33%
Net debt/EBITDA
0.47

The 12-month dividend yield of DIRR3 is 15.33%, below its 5-year average of 19.11%.

DIRR3 price history

01/10/202530/09/2026
Compare with

DIRR3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-34.31%+133.61%+367.64%
Volatility (annualised)38.98%33.86%35.55%
Largest drawdown-41.23%-41.23%-41.23%
Positive months5/1224/3637/60

How much did investing in DIRR3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$3,809.96 today.

Value today in DIRR3
R$3,809.96
Return over the period
+281.00%
Return per year
+30.68%
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.

DIRR3 fundamentals

Valuation

  • P/E
    6.15
  • P/B
    2.26
  • EV/EBITDA
    4.67
  • EV/EBIT
    5.03
  • EV/Revenue
    1.21
  • P/EBIT
    4.52
  • P/S
    1.09
  • P/OCF
    10.09
  • P/FCF
    12.18
  • Earnings yield
    19.88%
  • PEG ratio
    0.26
  • Earnings per share
    R$1.64
  • Book value per share
    R$4.47

Debt

  • Net debt
    R$587.2m
  • Net debt/EBITDA
    0.47
  • Net debt/Equity
    0.21
  • Debt/Equity
    1.11
  • Current ratio
    4.17
  • Quick ratio
    2.74
  • Cash ratio
    1.46

Efficiency

  • Gross margin
    40.35%
  • EBITDA margin
    25.94%
  • Operating margin
    24.09%
  • Net margin
    22.59%
  • Asset turnover
    0.33

Profitability

  • ROE
    36.78%
  • ROA
    7.46%
  • ROIC
    31.87%
  • Payout
    94.26%

Growth

  • Revenue CAGR (5 years)
    24.15%
  • Earnings CAGR (5 years)
    44.27%
  • Revenue growth (year)
    29.70%
  • Earnings growth (year)
    23.65%
  • Revenue growth (quarter)
    27.23%
  • Earnings growth (quarter)
    24.01%

What is DIRR3's fair price?

Two classic value formulas, with today's numbers. The current price is R$10.11.

Graham's fair price
R$12.86
27.21% above the price

√(22.50 × R$1.64 × R$4.47)

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$30.70
203.66% above the price

R$1.84 (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.

DIRR3 indicators by year

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

Indicator20252024202320222021202020192018
P/E9.317.2311.7212.3011.9017.2922.81-14.78
P/B3.172.081.841.611.301.461.670.82
EV/EBITDA7.395.628.075.995.687.9910.64—
Dividend yield37.39%23.35%9.38%9.05%16.35%18.64%17.67%24.59%
Earnings per shareR$1.52R$3.68R$1.91R$1.27R$1.06R$0.75R$0.65-R$0.51
Book value per shareR$4.46R$12.82R$12.16R$9.66R$9.73R$8.93R$8.93R$9.08
ROE34.02%28.71%15.71%13.11%10.93%8.44%7.34%-5.56%
ROIC30.53%30.93%17.60%18.91%16.36%12.36%10.02%-2.01%
Gross margin39.66%36.39%34.18%33.93%36.43%34.82%33.68%27.17%
EBITDA margin24.96%24.64%20.52%19.83%21.06%17.51%15.70%-0.92%
Net margin18.18%19.06%14.08%8.79%8.98%7.53%6.89%-6.65%
Net debt/EBITDA0.610.020.040.540.610.550.63—

DIRR3 financial statements

Line202520242023202220212020
Net revenueR$4.3bnR$3.3bnR$2.4bnR$2.2bnR$1.8bnR$1.5bn
Cost of sales-R$2.6bn-R$2.1bn-R$1.6bn-R$1.4bn-R$1.1bn-R$978.2m
Gross profitR$1.7bnR$1.2bnR$805mR$733.7mR$647.1mR$522.6m
EBITDAR$1.1bnR$825mR$483.3mR$428.8mR$374.2mR$262.8m
EBITR$1bnR$755mR$422.7mR$375.4mR$322.9mR$221.4m
Net finance resultR$75.4mR$37.3mR$14.1m-R$73.9m-R$78.5m-R$40.1m
Profit before taxR$1.1bnR$792.3mR$436.9mR$301.5mR$244.3mR$181.2m
Income tax-R$98.8m-R$64.6m-R$50m-R$45.8m-R$35.6m-R$31.1m
Net incomeR$789.3mR$638.4mR$331.6mR$190mR$159.5mR$113.1m

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

DIRR3 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
DIRR3Direcional Engenharia6.152.2615.33%36.78%R$5.3bn
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 DIRR3 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 24.59%2018
  • 17.67%2019
  • 18.64%2020
  • 16.35%2021
  • 9.05%2022
  • 9.38%2023
  • 23.35%2024
  • 37.39%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend16/12/202523/12/2025R$1.55
Dividend27/06/202504/07/2025R$2.00
Dividend03/01/202516/01/2025R$1.27
Dividend17/09/202416/01/2025R$0.46
Dividend04/07/202416/07/2024R$1.60
Dividend05/12/202303/01/2024R$0.47
Dividend16/12/202209/01/2023R$0.70
Dividend14/07/202225/07/2022R$0.47
Dividend19/05/202111/06/2021R$0.69
Dividend09/10/202021/10/2020R$0.81
Dividend14/10/201923/10/2019R$0.50
Dividend14/03/201925/03/2019R$0.38
See all 22 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend01/10/201811/10/2018R$0.61
Dividend07/07/201619/07/2016R$0.27
Dividend22/07/201505/08/2015R$0.27
Dividend28/04/201514/05/2015R$0.18
Dividend13/11/201428/11/2014R$0.24
Dividend30/04/201329/05/2013R$0.36
Dividend12/03/201229/06/2012R$0.27
Dividend05/01/201101/03/2011R$0.30
Dividend26/04/201017/05/2010R$0.14
Dividend30/04/2014—R$0.37
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split08/08/20253 for 1

About Direcional Engenharia

Sector
Construção e Imobiliário
Segment
Incorporações
Listing segment
Novo Mercado
Tag along
100.00%
Free float
62.77%
Shares issued
520.5m ordinary
Average daily trading
R$105.4m
Ibovespa weight
0.13%
Listed since
19/11/2009
CNPJ
16.614.075/0001-00

A Direcional Engenharia S.A. desenvolve e constrói empreendimentos residenciais com foco em habitação econômica e média renda, incluindo projetos vinculados a programas públicos de financiamento habitacional. A companhia atua em diferentes regiões do Brasil com incorporação, construção, comercialização e repasse de unidades, além de subsidiárias e marcas voltadas a segmentos específicos do mercado imobiliário urbano. No setor de construção residencial listado em B3, a empresa concorre por acesso a terrenos, eficiência de obra, velocidade de vendas e geração de caixa em ciclos de lançamento e entrega. O desempenho depende de juros imobiliários, renda das famílias, disponibilidade de crédito e custos de materiais. A estratégia operacional envolve padronização de projetos, controle de despesas por canteiro e gestão de distratos e inadimplência na carteira de clientes.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
PHPH HOLDING LTDA.Controlling12.82%0.00%12.82%
SHARE HOLDING LTDAControlling12.82%0.00%12.82%
ALLIANCA FIA IEControlling8.04%0.00%8.04%
DRIEHAUS CAPITAL MANAGEMENT LLC5.39%0.00%5.39%
RICARDO RIBEIRO VALADARES GONTIJOControlling1.52%0.00%1.52%
ANA LUCIA RIBEIRO VALADARES GONTIJOControlling0.66%0.00%0.66%
RICARDO VALADARES GONTIJOControlling0.30%0.00%0.30%
Outros58.36%0.00%58.36%
Ações Tesouraria0.10%0.00%0.10%

Questions about DIRR3

How much is DIRR3 today?

DIRR3 is at R$10.11 (-0.49% on the day), last traded on 30/09/2026.

How much did DIRR3 pay in dividends in 2025?

DIRR3 paid R$5.28 per share in 2025, a dividend yield of 37.39%.

What are the P/E and P/B of DIRR3?

DIRR3 trades at a P/E of 6.15 and a P/B of 2.26.

How much did DIRR3 return in 12 months?

DIRR3 returned -34.31% in 12 months, with annualised volatility of 38.98% and a largest drawdown of -41.23%.

What sector is DIRR3 in?

Direcional Engenharia is in the Construção e Imobiliário sector, Incorporações segment.