B3 · BRL

FESA4

Cia de Ferro Ligas da Bahia-Ferbasa Pfd

R$5.40+1.69% (R$0.09)Updated 01/10/2026, 17:05

Day's range: R$5.29 – R$5.39
Day's volume: R$1.6m
52-week range: R$4.75 – R$8.90

Follow FESA4 on Fuolio

See how FESA4 weighs in your net worth, what it has paid you and how far it is from your target allocation.

Create a free account

FESA4 in numbers

Market cap: R$2.4bn

P/E: 12.93

P/B: 0.58

Dividend yield (12m): 12.02%

Net debt/EBITDA: -1.50

The 12-month dividend yield of FESA4 is 12.02%, below its 5-year average of 16.76%.

FESA4 price history

01/10/202501/10/2026

Compare with

FESA4 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-26.10%	-46.80%	-37.23%
Volatility (annualised)	36.11%	27.83%	28.78%
Largest drawdown	-40.33%	-49.59%	-56.11%
Positive months	4/12	11/36	24/60

How much did investing in FESA4 return?

Amount invested

R$1,000.00 invested on 01/10/2021 would be worth R$634.77 today.

Value today in FESA4: R$634.77

Return over the period: -36.52%

Return per year: -8.69%

In the Ibovespa: R$1,808.65

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

FESA4 fundamentals

Valuation

P/E
12.93
P/B
0.58
EV/EBITDA
6.69
EV/EBIT
101.25
EV/Revenue
0.91
P/EBIT
124.01
P/S
1.11
P/OCF
8.70
P/FCF
18.58
Earnings yield
0.99%
PEG ratio
—
Earnings per share
R$0.42
Book value per share
R$9.31

Debt

Net debt
-R$443.2m
Net debt/EBITDA
-1.50
Net debt/Equity
-0.13
Debt/Equity
0.11
Current ratio
3.61
Quick ratio
2.46
Cash ratio
1.73

Efficiency

Gross margin
16.32%
EBITDA margin
13.54%
Operating margin
0.90%
Net margin
6.80%
Asset turnover
0.50

Profitability

ROE
4.49%
ROA
3.41%
ROIC
0.68%
Payout
155.39%

Growth

Revenue CAGR (5 years)
2.99%
Earnings CAGR (5 years)
-7.88%
Revenue growth (year)
4.37%
Earnings growth (year)
-42.48%
Revenue growth (quarter)
-9.16%
Earnings growth (quarter)
-45.86%

What is FESA4's fair price?

Two classic value formulas, with today's numbers. The current price is R$5.40.

Graham's fair price: R$9.35; 73.20% above the price

√(22.50 × R$0.42 × R$9.31)

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$33.59; 522.09% above the price

R$2.02 (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.

FESA4 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	12.99	8.83	10.73	4.45	6.71	24.19	7.99	5.85
P/B	0.74	0.87	1.29	1.55	1.82	0.95	0.96	1.03
EV/EBITDA	5.61	5.80	6.87	3.14	4.30	4.24	5.71	3.66
Dividend yield	4.37%	6.43%	23.58%	40.73%	8.72%	16.06%	27.72%	25.75%
Earnings per share	R$0.53	R$0.93	R$4.33	R$12.03	R$7.28	R$0.79	R$2.50	R$3.50
Book value per share	R$9.30	R$9.46	R$36.14	R$34.43	R$26.84	R$20.06	R$20.81	R$19.80
ROE	5.73%	9.80%	11.99%	34.93%	27.12%	3.94%	12.03%	17.65%
ROIC	1.77%	5.90%	10.43%	39.47%	33.76%	13.46%	7.20%	17.90%
Gross margin	17.61%	21.07%	24.87%	46.29%	43.25%	27.37%	20.20%	34.95%
EBITDA margin	13.92%	19.01%	21.34%	42.50%	40.09%	28.16%	28.55%	37.85%
Net margin	8.07%	14.64%	15.71%	33.84%	26.90%	4.30%	17.29%	22.36%
Net debt/EBITDA	-1.92	-1.00	-1.03	-0.40	-0.21	0.54	0.88	0.20

FESA4 financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$2.3bn	R$2.2bn	R$2.4bn	R$3.1bn	R$2.4bn	R$1.6bn
Cost of sales	-R$1.9bn	-R$1.8bn	-R$1.8bn	-R$1.7bn	-R$1.4bn	-R$1.2bn
Gross profit	R$411.1m	R$471.2m	R$605.7m	R$1.5bn	R$1bn	R$443.9m
EBITDA	R$325m	R$425.3m	R$519.8m	R$1.3bn	R$958m	R$456.7m
EBIT	R$47.1m	R$171.9m	R$303.7m	R$1.2bn	R$800.8m	R$278.9m
Net finance result	R$125.7m	R$147.9m	R$115.9m	R$83.4m	-R$99.2m	-R$207m
Profit before tax	R$172.8m	R$319.8m	R$419.6m	R$1.2bn	R$701.7m	R$71.9m
Income tax	R$15.9m	R$7.9m	-R$36.8m	-R$181.9m	-R$58.8m	-R$1.9m
Net income	R$188.4m	R$327.5m	R$382.6m	R$1.1bn	R$642.9m	R$69.8m

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

FESA4 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
FESA4Cia Ferro Ligas Da Bahia - Ferbasa	12.93	0.58	12.02%	4.49%	R$2.4bn
VALE3VALE S.A.	29.93	1.58	8.03%	5.27%	R$310.3bn
GGBR4GERDAU S.A.	21.46	0.90	3.26%	4.18%	R$45.4bn
GGBR3GERDAU S.A.	18.25	0.76	3.83%	4.18%	R$45.4bn
CMIN3CSN MINERAÇÃO S.A.	11.66	3.71	7.70%	31.79%	R$27.2bn
KLBN4KLABIN S.A.	127.00	2.37	6.52%	1.86%	R$22.8bn
KLBN3KLABIN S.A.	132.29	2.47	6.25%	1.86%	R$22.8bn

Does FESA4 pay dividends?

Dividend yield per year

35.20%2017
25.75%2018
27.72%2019
16.06%2020
8.72%2021
40.73%2022
23.58%2023
6.43%2024
4.37%2025
7.97%2026

Payment history
Type	Last day to own	Payment	Per share
Interest on equity	05/11/2025	12/06/2026	R$0.43
Interest on equity	05/11/2025	05/12/2025	R$0.22
Interest on equity	02/09/2025	18/09/2025	R$0.05
Interest on equity	05/06/2025	18/06/2025	R$0.03
Interest on equity	17/12/2024	27/12/2024	R$0.36
Interest on equity	05/12/2024	20/12/2024	R$0.05
Interest on equity	05/09/2024	20/09/2024	R$0.05
Interest on equity	05/06/2024	20/06/2024	R$0.05
Interest on equity	18/12/2023	27/12/2023	R$0.85
Interest on equity	07/12/2023	22/12/2023	R$0.50
Interest on equity	06/09/2023	22/09/2023	R$0.51
Interest on equity	07/06/2023	22/06/2023	R$0.88

See all 79 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Interest on equity	19/12/2022	29/12/2022	R$0.06
Dividend	19/12/2022	29/12/2022	R$0.99
Interest on equity	08/12/2022	23/12/2022	R$0.37
Dividend	08/12/2022	23/12/2022	R$0.47
Interest on equity	08/09/2022	29/09/2022	R$0.40
Dividend	08/09/2022	29/09/2022	R$0.57
Dividend	09/06/2022	29/06/2022	R$0.32
Interest on equity	09/06/2022	29/06/2022	R$0.63
Dividend	26/04/2022	12/05/2022	R$1.05
Dividend	26/04/2022	04/05/2022	R$0.52
Interest on equity	03/01/2022	26/01/2022	R$0.07
Interest on equity	07/12/2021	22/12/2021	R$0.25
Interest on equity	08/09/2021	17/09/2021	R$0.38
Interest on equity	04/06/2021	22/06/2021	R$0.21
Interest on equity	29/12/2020	19/02/2021	R$0.22
Interest on equity	04/12/2020	22/12/2020	R$0.54
Interest on equity	04/09/2020	22/09/2020	R$0.17
Interest on equity	27/12/2019	24/01/2020	R$0.06
Interest on equity	06/12/2019	20/12/2019	R$0.43
Interest on equity	05/09/2019	20/09/2019	R$0.28
Interest on equity	06/06/2019	19/06/2019	R$0.33
Dividend	02/05/2019	20/05/2019	R$0.24
Interest on equity	27/12/2018	22/01/2019	R$0.10
Interest on equity	07/12/2018	20/12/2018	R$0.39
Interest on equity	06/09/2018	20/09/2018	R$0.38
Interest on equity	07/06/2018	20/06/2018	R$0.29
Interest on equity	28/12/2017	18/01/2018	R$0.25
Interest on equity	08/12/2017	18/12/2017	R$0.27
Interest on equity	15/09/2017	28/09/2017	R$0.28
Interest on equity	17/07/2017	25/07/2017	R$0.30
Dividend	05/05/2017	19/05/2017	R$0.16
Interest on equity	14/12/2016	19/01/2017	R$0.80
Interest on equity	22/12/2015	18/01/2016	R$0.35
Interest on equity	25/08/2015	16/09/2015	R$0.56
Dividend	28/04/2015	07/05/2015	R$0.01
Dividend	28/04/2014	14/05/2014	R$0.04
Interest on equity	18/12/2013	18/03/2014	R$0.16
Dividend	24/04/2013	08/05/2013	R$0.02
Interest on equity	29/11/2012	18/03/2013	R$0.22
Dividend	24/04/2012	10/05/2012	R$0.01
Interest on equity	24/11/2011	16/03/2012	R$0.25
Interest on equity	28/10/2010	17/01/2011	R$0.26
Dividend	23/04/2010	10/05/2010	R$0.01
Interest on equity	18/12/2009	18/01/2010	R$0.10
Dividend	14/04/2009	27/04/2009	R$0.40
Interest on equity	13/08/2008	29/08/2008	R$0.42
Dividend	29/04/2008	12/05/2008	R$0.73
Interest on equity	14/12/2007	14/01/2008	R$1.06
Dividend	10/04/2007	20/04/2007	R$0.39
Interest on equity	06/12/2006	04/01/2007	R$0.44
Dividend	18/04/2006	28/04/2006	R$1.06
Dividend	04/04/2005	15/04/2005	R$22.66
Dividend	02/04/2004	16/04/2004	R$18.81
Dividend	06/03/2003	21/03/2003	R$10.29
Dividend	12/04/2002	26/04/2002	R$8.95
Dividend	26/04/2001	11/05/2001	R$4.56
Dividend	27/04/2000	15/05/2000	R$2.29
Dividend	03/12/1999	22/12/1999	R$1.10
Dividend	30/04/1999	28/05/1999	R$0.34
Dividend	27/04/2017	—	R$0.03
Dividend	27/04/2017	—	R$0.13
Interest on equity	23/12/2014	—	R$0.07
Interest on equity	04/08/2014	—	R$0.16
Dividend	29/04/2011	—	R$0.09
Dividend	30/04/1998	—	R$0.59
Dividend	30/04/1997	—	R$1.67
Dividend	12/04/1996	—	R$2.00

Splits, share consolidations and bonus shares
Event	Last day to own	Ratio
Split	23/01/2024	4 for 1
Split	21/07/2008	8 for 1
Share consolidation	05/05/2005	1 for 100
Bonus shares	26/12/1989	900.00% in shares
Bonus shares	15/12/1989	900.00% in shares

About Cia Ferro Ligas Da Bahia - Ferbasa

Listing segment: Level 1
Tag along: Set by the bylaws
Free float: 45.31%
Shares issued: 117.73m ordinary · 235.45m preferred
Average daily trading: R$6.2m
Listed since: 01/01/1977
CNPJ: 15.141.799/0001-03

ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Ordinary	Preferred	Total
Fundação José CarvalhoControlling	98.83%	26.48%	50.60%
Outros	1.06%	67.50%	45.35%
Ações Tesouraria	0.11%	6.02%	4.05%

Questions about FESA4

How much is FESA4 today?

FESA4 is at R$5.40 (1.69% on the day), last traded on 01/10/2026.

How much did FESA4 pay in dividends in 2025?

FESA4 paid R$0.30 per share in 2025, a dividend yield of 4.37%.

What are the P/E and P/B of FESA4?

FESA4 trades at a P/E of 12.93 and a P/B of 0.58.

How much did FESA4 return in 12 months?

FESA4 returned -26.10% in 12 months, with annualised volatility of 36.11% and a largest drawdown of -40.33%.