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B3 · BRL

IGTI11

Iguatemi SA Units Cons of 1 Sh + 2 Pfd Shs

R$27.33+1.15% (R$0.31)
Day's range
R$26.88 – R$27.48
Day's volume
R$106.2m
52-week range
R$22.49 – R$30.62

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See how IGTI11 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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IGTI11 in numbers

Market cap
R$7.8bn
P/E
17.21
P/B
2.23
Dividend yield (12m)
1.85%
Net debt/EBITDA
2.44

The 12-month dividend yield of IGTI11 is 1.85%, below its 5-year average of 1.98%.

IGTI11 price history

01/10/202501/10/2026
Compare with

IGTI11 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months
Return+13.70%+48.09%
Volatility (annualised)18.76%23.03%
Largest drawdown-15.03%-26.90%
Positive months5/1218/36

How much did investing in IGTI11 return?

R$1,000.00 invested on 01/12/2021 would be worth R$1,687.78 today.

Value today in IGTI11
R$1,687.78
Return over the period
+68.78%
Return per year
+11.44%
In the Ibovespa
R$1,785.86

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

IGTI11 fundamentals

Valuation

  • P/E
    17.21
  • P/B
    2.23
  • EV/EBITDA
    8.55
  • EV/EBIT
    9.63
  • EV/Revenue
    7.12
  • P/EBIT
    6.89
  • P/S
    5.09
  • P/OCF
    22.53
  • P/FCF
    45.09
  • Earnings yield
    10.38%
  • PEG ratio
    0.43
  • Earnings per share
    R$1.59
  • Book value per share
    R$12.28

Debt

  • Net debt
    R$3.1bn
  • Net debt/EBITDA
    2.44
  • Net debt/Equity
    0.63
  • Debt/Equity
    1.09
  • Current ratio
    2.73
  • Quick ratio
    2.69
  • Cash ratio
    2.19

Efficiency

  • Gross margin
    73.82%
  • EBITDA margin
    83.27%
  • Operating margin
    73.90%
  • Net margin
    41.81%
  • Asset turnover
    0.15

Profitability

  • ROE
    12.93%
  • ROA
    6.34%
  • ROIC
    11.89%
  • Payout
    31.88%

Growth

  • Revenue CAGR (5 years)
    16.96%
  • Earnings CAGR (5 years)
    19.53%
  • Revenue growth (year)
    20.26%
  • Earnings growth (year)
    45.70%
  • Revenue growth (quarter)
    11.95%
  • Earnings growth (quarter)
    14.25%

What is IGTI11's fair price?

Two classic value formulas, with today's numbers. The current price is R$27.33.

Graham's fair price
R$20.94
23.36% below the price

√(22.50 × R$1.59 × R$12.28)

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$6.85
74.93% below the price

R$0.41 (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.

IGTI11 indicators by year

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

Indicator20252024202320222021202020192018
P/E52.9652.1198.003,011.08857.95———
P/B6.634.837.155.5559.60———
EV/EBITDA27.2124.6941.5039.44419.11———
Dividend yield2.64%3.90%1.50%1.85%0.00%———
Earnings per shareR$0.48R$0.33R$0.25R$0.01R$0.21R$0.87R$1.46R$1.25
Book value per shareR$3.86R$3.57R$3.41R$3.33R$3.06R$36.11R$34.40R$32.48
ROE12.52%9.28%7.29%0.18%6.95%2.41%4.26%3.86%
ROIC12.36%10.14%7.21%0.00%3.35%4.67%8.26%7.46%
Gross margin75.03%67.11%63.86%58.59%56.97%59.31%66.61%69.92%
EBITDA margin84.08%73.99%68.83%64.33%57.89%71.42%80.88%75.38%
Net margin39.17%32.33%26.33%0.74%27.86%11.31%17.03%15.24%
Net debt/EBITDA2.541.924.014.596.304.062.403.06

IGTI11 financial statements

Line202520242023202220212020
Net revenueR$1.5bnR$1.2bnR$1.2bnR$1bnR$858.1mR$676.7m
Cost of sales-R$371.2m-R$406.7m-R$418.2m-R$420.9m-R$369.2m-R$275.3m
Gross profitR$1.1bnR$829.7mR$739mR$595.5mR$488.8mR$401.3m
EBITDAR$1.3bnR$914.8mR$796.5mR$653.8mR$496.8mR$483.3m
EBITR$1.1bnR$720.9mR$622.1mR$494.8mR$341.4mR$334.3m
Net finance result-R$446.2m-R$252m-R$260.3m-R$625.7mR$195.5m-R$88.9m
Profit before taxR$676.7mR$468.9mR$361.8m-R$130.9mR$536.9mR$245.3m
Income tax-R$94.1m-R$69m-R$52.9mR$143.7m-R$190.7m-R$69.3m
Net incomeR$582.5mR$399.8mR$304.7mR$7.6mR$239mR$76.5m

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

IGTI11 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
IGTI11Iguatemi17.212.231.85%12.93%R$7.8bn
ITUB4ITAU UNIBANCO HOLDING S.A.10.282.217.25%21.50%R$505.5bn
ITUB3ITAU UNIBANCO HOLDING S.A.11.312.436.59%21.50%R$506.8bn
BPAC3BCO BTG PACTUAL S.A.15.433.431.94%22.20%R$269bn
BPAC5BCO BTG PACTUAL S.A.13.142.922.28%22.20%R$269bn
BBDC4BCO BRADESCO S.A.7.841.076.87%13.66%R$182.3bn
BBDC3BCO BRADESCO S.A.6.890.947.10%13.66%R$182.3bn

Does IGTI11 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend15/10/202629/10/2026R$0.17

Dividend yield per year

  • 2017
  • 2018
  • 2019
  • 2020
  • 0.00%2021
  • 1.85%2022
  • 1.50%2023
  • 3.90%2024
  • 2.64%2025
  • 1.85%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend15/07/202629/07/2026R$0.17
Dividend14/04/202629/04/2026R$0.17
Dividend19/02/202605/03/2026R$0.17
Dividend17/04/202530/10/2025R$0.17
Dividend17/04/202530/07/2025R$0.17
Dividend17/04/202530/04/2025R$0.17
Dividend21/02/202506/03/2025R$0.17
Dividend18/04/202430/10/2024R$0.17
Dividend18/04/202430/07/2024R$0.17
Dividend18/04/202430/04/2024R$0.17
Dividend23/02/202404/03/2024R$0.17
Dividend20/04/202315/12/2023R$0.09
See all 42 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend20/04/202315/09/2023R$0.09
Dividend20/04/202315/06/2023R$0.09
Dividend03/03/202315/03/2023R$0.09
Dividend29/04/202210/11/2022R$0.11
Dividend29/04/202210/08/2022R$0.11
Dividend29/04/202210/05/2022R$0.11
Dividend25/06/202021/12/2020R$0.21
Dividend21/02/202016/03/2020R$0.21
Dividend01/03/201929/03/2019R$0.21
Dividend19/04/201818/05/2018R$0.34
Dividend25/04/201615/09/2016R$0.34
Dividend27/04/201503/07/2015R$0.34
Dividend11/06/201424/06/2014R$0.03
Dividend24/04/201408/05/2014R$0.32
Dividend24/04/201310/05/2013R$0.40
Dividend24/04/201209/05/2012R$0.38
Dividend27/04/201118/05/2011R$0.31
Dividend28/04/201020/05/2010R$0.25
Interest on equity01/12/200920/05/2010R$0.38
Dividend23/04/200908/05/2009R$0.46
Dividend24/04/200815/05/2008R$0.45
Dividend22/04/2021—R$0.14
Dividend18/04/2019—R$0.21
Dividend26/04/2017—R$0.34
Interest on equity30/11/2011—R$0.38
Interest on equity11/11/2010—R$0.42
Interest on equity11/11/2008—R$0.31
Interest on equity30/11/2007—R$0.17
Interest on equity28/09/2007—R$0.17
Dividend25/04/2007—R$0.25
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split23/12/202110 for 1
Split17/10/20122 for 1

About Iguatemi

Sector
Construção e Imobiliário
Segment
Exploração de Imóveis
Listing segment
Level 1
Tag along
Set by the bylaws
Free float
56.68%
Shares issued
770.99m ordinary · 435.37m preferred
Average daily trading
R$58.2m
Ibovespa weight
0.23%
Listed since
22/11/2021
CNPJ
60.543.816/0001-93

A Iguatemi S.A. atua no desenvolvimento, administração e exploração comercial de shopping centers e empreendimentos imobiliários de varejo no Brasil. A companhia mantém portfólio de ativos com foco em centros de compras premium, operações de varejo, serviços e entretenimento em grandes centros urbanos. As receitas derivam principalmente de aluguéis, cobrança de condomínio e fundo de promoção, além de receitas de estacionamento, mídia e serviços associados aos empreendimentos. A empresa também participa de projetos multiuso e iniciativas digitais relacionadas ao ecossistema de consumo e relacionamento com lojistas e clientes. Listada na B3, a companhia integra o setor de construção e imobiliário no segmento de exploração de imóveis. Sua estratégia combina gestão ativa de portfólio, ganhos de eficiência operacional e expansão seletiva para mercados de maior renda e densidade de consumo.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
GJ Investimentos e Participações S.A.Controlling64.35%1.60%41.26%
RADAR GESTORA DE RECURSOS LTDA.2.94%10.09%5.57%
Oceana Investimentos Administradora de Carteira de Valores Mobiliários Ltda2.21%7.61%4.20%
SHARP CAPITAL GESTORA DE RECURSOS2.11%7.24%4.00%
AZVALOR INTERNACIONAL FI1.91%6.58%3.63%
NORGES BANK1.66%6.19%3.33%
ITAÚ USA ASSET MANAGEMENT, INC.1.59%5.48%3.02%
SQUADRA INVESTIMENTOS GESTÃO DE RECURSOS1.44%4.96%2.74%
BlackRock1.43%4.90%2.71%
VERA RIBEIRO JEREISSATI1.78%0.00%1.13%
DIANA JEREISSATI LEGEY1.78%0.00%1.12%
LIA RIBEIRO JEREISSATI1.78%0.00%1.12%
AZVALOR LUX SICAV - AZVALOR INTERNATIONAL0.25%0.85%0.47%
AZVALOR GLOBAL VALUE FONDO DE PENSIONES0.16%0.54%0.30%
Kalila Representações Comerciais Ltda0.19%0.30%0.23%
AZVALOR MANAGERS F.I.0.05%0.15%0.09%
Grande Moinho Cearense S.A.0.11%0.00%0.07%
Cesena SP Empreendimentos Imobiliários S.A.0.05%0.00%0.03%
LFJ Participações Ltda0.03%0.00%0.02%
MLRJ Imobiliária S.A.0.01%0.00%0.01%
Shopping Center Reunidos do Brasil Ltda. ("SCRB")0.00%0.00%0.00%
Outros13.87%43.36%24.72%
Ações Tesouraria0.31%0.17%0.26%

Questions about IGTI11

How much is IGTI11 today?

IGTI11 is at R$27.33 (1.15% on the day), last traded on 01/10/2026.

How much did IGTI11 pay in dividends in 2025?

IGTI11 paid R$0.68 per share in 2025, a dividend yield of 2.64%.

When is the next IGTI11 dividend?

The next announced payment is R$0.17 per share on 29/10/2026.

What are the P/E and P/B of IGTI11?

IGTI11 trades at a P/E of 17.21 and a P/B of 2.23.

How much did IGTI11 return in 12 months?

IGTI11 returned 13.70% in 12 months, with annualised volatility of 18.76% and a largest drawdown of -15.03%.

What sector is IGTI11 in?

Iguatemi is in the Construção e Imobiliário sector, Exploração de Imóveis segment.