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B3 · BRL

EZTC3

EZ TEC Empreendimentos e Participacoes SA

R$14.60+4.14% (R$0.58)
Day's range
R$13.96 – R$14.61
Day's volume
R$27.1m
52-week range
R$10.17 – R$16.73

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See how EZTC3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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EZTC3 in numbers

Market cap
R$4bn
P/E
7.62
P/B
0.77
Dividend yield (12m)
8.26%
Net debt/EBITDA
2.69

The 12-month dividend yield of EZTC3 is 8.26%, above its 5-year average of 7.13%.

EZTC3 price history

02/10/202502/10/2026
Compare with

EZTC3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+7.04%+54.54%+28.26%
Volatility (annualised)37.86%39.39%43.51%
Largest drawdown-30.02%-37.76%-47.07%
Positive months6/1220/3633/60

How much did investing in EZTC3 return?

R$1,000.00 invested on 01/11/2021 would be worth R$1,290.36 today.

Value today in EZTC3
R$1,290.36
Return over the period
+29.04%
Return per year
+5.32%
In the Ibovespa
R$1,885.05

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

EZTC3 fundamentals

Valuation

  • P/E
    7.62
  • P/B
    0.77
  • EV/EBITDA
    12.40
  • EV/EBIT
    13.12
  • EV/Revenue
    3.60
  • P/EBIT
    10.28
  • P/S
    2.82
  • P/OCF
    7.04
  • P/FCF
    34.35
  • Earnings yield
    7.62%
  • PEG ratio
    0.95
  • Earnings per share
    R$1.91
  • Book value per share
    R$18.86

Debt

  • Net debt
    R$1.1bn
  • Net debt/EBITDA
    2.69
  • Net debt/Equity
    0.21
  • Debt/Equity
    0.55
  • Current ratio
    3.06
  • Quick ratio
    1.99
  • Cash ratio
    1.61

Efficiency

  • Gross margin
    41.28%
  • EBITDA margin
    29.02%
  • Operating margin
    27.41%
  • Net margin
    38.23%
  • Asset turnover
    0.19

Profitability

  • ROE
    10.15%
  • ROA
    7.33%
  • ROIC
    5.59%
  • Payout
    62.96%

Growth

  • Revenue CAGR (5 years)
    7.16%
  • Earnings CAGR (5 years)
    2.40%
  • Revenue growth (year)
    -3.95%
  • Earnings growth (year)
    32.23%
  • Revenue growth (quarter)
    -13.71%
  • Earnings growth (quarter)
    7.68%

What is EZTC3's fair price?

Two classic value formulas, with today's numbers. The current price is R$14.60.

Graham's fair price
R$28.51
95.27% above the price

√(22.50 × R$1.91 × R$18.86)

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$13.58
6.95% below the price

R$0.82 (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.

EZTC3 indicators by year

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

Indicator20252024202320222021202020192018
P/E9.175.9217.269.1410.5124.0341.9151.30
P/B0.960.490.880.651.032.353.091.90
EV/EBITDA13.298.4121.2311.9811.6131.4745.79760.60
Dividend yield11.32%12.69%1.63%7.37%2.64%0.87%0.34%3.18%
Earnings per shareR$1.90R$1.83R$1.08R$1.47R$1.95R$1.79R$1.24R$0.49
Book value per shareR$18.22R$22.10R$21.29R$20.54R$19.77R$18.22R$16.78R$13.19
ROE10.45%8.29%5.09%7.15%9.84%9.80%7.38%3.70%
ROIC6.32%5.54%3.33%4.72%8.37%8.30%8.02%0.11%
Gross margin41.71%34.14%31.73%34.27%46.12%43.04%40.80%36.30%
EBITDA margin30.87%23.30%19.71%22.56%32.84%29.40%28.55%1.55%
Net margin35.70%25.93%22.11%28.96%44.90%43.26%34.94%24.96%
Net debt/EBITDA2.691.831.860.25-2.76-3.89-5.51-66.65

EZTC3 financial statements

Line202520242023202220212020
Net revenueR$1.5bnR$1.6bnR$1.1bnR$1.1bnR$957.9mR$936.6m
Cost of sales-R$873.7m-R$1bn-R$739.5m-R$737m-R$516.1m-R$533.5m
Gross profitR$625.2mR$532.8mR$343.7mR$384.2mR$441.8mR$403.1m
EBITDAR$462.7mR$363.6mR$213.4mR$253mR$314.6mR$275.4m
EBITR$441.9mR$334.4mR$189.1mR$239.7mR$309.7mR$266.1m
Net finance resultR$159.7mR$132mR$84.9mR$138.2mR$168.5mR$168m
Profit before taxR$601.6mR$466.4mR$273.9mR$377.9mR$478.2mR$434.2m
Income tax-R$54m-R$37.7m-R$27.9m-R$35.8m-R$26.1m-R$19.2m
Net incomeR$535mR$404.6mR$239.5mR$324.7mR$430.1mR$405.2m

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

EZTC3 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
EZTC3Ez Tec Empreend. E Participacoes7.620.778.26%10.15%R$4bn
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 EZTC3 pay dividends?

Dividend yield per year

  • 26.78%2017
  • 3.18%2018
  • 0.34%2019
  • 0.87%2020
  • 2.64%2021
  • 7.37%2022
  • 1.63%2023
  • 12.69%2024
  • 11.32%2025
  • 1.35%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend13/08/202628/08/2026R$0.09
Dividend14/05/202629/05/2026R$0.10
Dividend18/11/202517/12/2025R$0.61
Dividend18/11/202528/11/2025R$0.40
Dividend14/08/202529/08/2025R$0.30
Dividend22/05/202530/05/2025R$0.10
Dividend20/03/202531/03/2025R$0.14
Dividend05/11/202414/11/2024R$0.69
Dividend05/11/202414/11/2024R$0.14
Dividend08/08/202430/08/2024R$0.10
Dividend09/05/202431/05/2024R$0.06
Dividend21/03/202428/03/2024R$0.09
See all 35 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend16/11/202330/11/2023R$0.04
Dividend17/08/202331/08/2023R$0.08
Dividend18/05/202331/05/2023R$0.05
Interest on equity23/03/202331/03/2023R$0.03
Dividend23/03/202331/03/2023R$0.03
Dividend17/11/202230/11/2022R$0.11
Dividend16/08/202231/08/2022R$0.09
Dividend17/05/202231/05/2022R$0.11
Dividend22/03/202205/04/2022R$0.46
Dividend29/04/202121/05/2021R$0.42
Dividend28/04/202002/10/2020R$0.29
Dividend26/04/201904/10/2019R$0.14
Dividend27/04/201831/08/2018R$0.52
Dividend06/12/201715/12/2017R$2.67
Dividend28/04/201715/09/2017R$1.09
Dividend29/04/201610/05/2016R$0.99
Dividend30/04/201507/07/2015R$1.11
Dividend30/04/201428/11/2014R$0.95
Dividend26/04/201329/11/2013R$0.54
Dividend27/04/201231/07/2012R$0.53
Dividend26/04/201131/05/2011R$0.39
Dividend29/04/201031/05/2010R$0.27
Dividend17/04/200916/06/2009R$0.13
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Bonus shares09/12/202527.20% in shares
Split29/04/201940 for 33
Split02/05/201621 for 20
Split04/05/201515 for 14

About Ez Tec Empreend. E Participacoes

Sector
Construção e Imobiliário
Segment
Incorporações
Listing segment
Novo Mercado
Tag along
100.00%
Free float
43.31%
Shares issued
277.36m ordinary
Average daily trading
R$33.2m
Listed since
22/06/2007
CNPJ
08.312.229/0001-73

A EZTEC Empreendimentos e Participações S.A. atua em incorporação e construção imobiliária, com foco em empreendimentos residenciais e comerciais, especialmente na Região Metropolitana de São Paulo. A companhia participa de toda a cadeia do desenvolvimento imobiliário, da prospecção de terrenos ao lançamento, construção, venda e entrega das unidades. Fundada em 1979, a empresa mantém histórico de execução com forte controle de caixa e baixa alavancagem relativa em ciclos de mercado, priorizando seletividade de projetos e retorno sobre capital. O desempenho depende da demanda por imóveis, condições de financiamento, custo de materiais e mão de obra, além de eficiência na velocidade de vendas e na gestão de estoques. Margens e geração de caixa variam conforme mix de produtos, estágio dos projetos e ambiente macroeconômico.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
EZ5 Participações Ltda.Controlling5.22%0.00%5.22%
EZ1 Participações Ltda.Controlling4.82%0.00%4.82%
EZ2 Participações Ltda.Controlling4.82%0.00%4.82%
EZ3 Participações Ltda.Controlling4.82%0.00%4.82%
EZ4 Participações Ltda.Controlling4.82%0.00%4.82%
EZ6 Participações Ltda.Controlling4.82%0.00%4.82%
GAR Participações Ltda.Controlling3.10%0.00%3.10%
HPC Participações Ltda.Controlling3.10%0.00%3.10%
Mapeca Participações Ltda.Controlling3.10%0.00%3.10%
SZA Participações Ltda.Controlling3.10%0.00%3.10%
STEC 1 PARTICIPAÇÕES LTDA.Controlling2.52%0.00%2.52%
STEC 2 PARTICIPAÇÕES LTDA.Controlling2.52%0.00%2.52%
VJR Participações S.A.Controlling1.79%0.00%1.79%
FLAVIO ERNESTO ZARZURControlling1.09%0.00%1.09%
SILVIO ERNESTO ZARZURControlling0.96%0.00%0.96%
PROSPEX FIA IEControlling0.91%0.00%0.91%
LIBANUS FUNDO DE INVESTIMENTO EM ACOESControlling0.86%0.00%0.86%
GEMINI FIA IEControlling0.77%0.00%0.77%
SAMIR ZAKKHOUR EL TAYARControlling0.58%0.00%0.58%
Valey Participações S.A.Controlling0.51%0.00%0.51%
MFT PARTICIPAÇÕES LTDA.Controlling0.46%0.00%0.46%
CEDRUS FIA IEControlling0.33%0.00%0.33%
MARCOS ERNESTO ZARZURControlling0.25%0.00%0.25%
MARCIO EL TAYARControlling0.24%0.00%0.24%
HENRIQUE ERNESTO GONÇALVES ZARZURControlling0.16%0.00%0.16%
CESAR ERNESTO GONÇALVES ZARZURControlling0.16%0.00%0.16%
PRISCILLA ZARZUR GRACOControlling0.13%0.00%0.13%
ALEXANDRE ERNESTO ZARIF ZARZURControlling0.12%0.00%0.12%
GIOVANNA ZARIF ZARZUR TCHALIANControlling0.10%0.00%0.10%
RAFAEL ERNESTO ZARIF ZARZURControlling0.10%0.00%0.10%
ESTHER HELOISA ZARZURControlling0.08%0.00%0.08%
EDUARDO ZARZUR ALBERTOControlling0.08%0.00%0.08%
MAURO ALBERTOControlling0.08%0.00%0.08%
FELIPE ZARZUR ALBERTOControlling0.08%0.00%0.08%
GENEPI FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADOControlling0.04%0.00%0.04%
MARCELO ERNESTO ZARZURControlling0.03%0.00%0.03%
ANNA LUCIA ZARZUR MAALOULIControlling0.02%0.00%0.02%
MARCELLA GRANDJEAN ZARZURControlling0.01%0.00%0.01%
ROBERTO MOUNIR MAALOULIControlling0.01%0.00%0.01%
MAURICIO ERNESTO GRANDJEAN ZARZURControlling0.00%0.00%0.00%
Outros43.31%0.00%43.31%

Questions about EZTC3

How much is EZTC3 today?

EZTC3 is at R$14.60 (4.14% on the day), last traded on 02/10/2026.

How much did EZTC3 pay in dividends in 2025?

EZTC3 paid R$1.55 per share in 2025, a dividend yield of 11.32%.

What are the P/E and P/B of EZTC3?

EZTC3 trades at a P/E of 7.62 and a P/B of 0.77.

How much did EZTC3 return in 12 months?

EZTC3 returned 7.04% in 12 months, with annualised volatility of 37.86% and a largest drawdown of -30.02%.

What sector is EZTC3 in?

Ez Tec Empreend. E Participacoes is in the Construção e Imobiliário sector, Incorporações segment.