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B3 · BRL

IGTI3

Iguatemi SA

R$3.28+1.55% (R$0.05)
Day's range
R$3.25 – R$3.33
Day's volume
R$120.7k
52-week range
R$2.56 – R$3.81

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See how IGTI3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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IGTI3 in numbers

Market cap
R$7.7bn
P/E
6.20
P/B
0.80
Dividend yield (12m)
2.20%
Net debt/EBITDA
2.44

The 12-month dividend yield of IGTI3 is 2.20%, below its 5-year average of 2.69%.

IGTI3 price history

01/10/202530/09/2026
Compare with

IGTI3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+14.12%+34.71%+39.27%
Volatility (annualised)17.29%25.35%27.88%
Largest drawdown-12.64%-35.50%-35.50%
Positive months8/1221/3632/60

How much did investing in IGTI3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$1,392.75 today.

Value today in IGTI3
R$1,392.75
Return over the period
+39.27%
Return per year
+6.85%
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.

IGTI3 fundamentals

Valuation

  • P/E
    6.20
  • P/B
    0.80
  • EV/EBITDA
    8.52
  • EV/EBIT
    9.60
  • EV/Revenue
    7.09
  • P/EBIT
    6.85
  • P/S
    5.06
  • P/OCF
    22.41
  • P/FCF
    44.84
  • Earnings yield
    10.42%
  • PEG ratio
    0.43
  • Earnings per share
    R$0.53
  • Book value per share
    R$4.09

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
    13.66%

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 IGTI3's fair price?

Two classic value formulas, with today's numbers. The current price is R$3.28.

Graham's fair price
R$6.98
112.85% above the price

√(22.50 × R$0.53 × R$4.09)

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$1.17
64.38% below the price

R$0.07 (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.

IGTI3 indicators by year

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

Indicator20252024202320222021202020192018
P/E6.306.3112.06431.78128.3430.2025.8218.18
P/B0.790.580.880.808.920.731.100.70
EV/EBITDA5.474.678.629.5968.058.847.846.73
Dividend yield3.17%4.60%1.74%1.84%2.08%0.00%5.27%8.74%
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

IGTI3 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.

IGTI3 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
IGTI3Iguatemi6.200.802.20%12.93%R$7.7bn
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 IGTI3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend15/10/202629/10/2026R$0.02

Dividend yield per year

  • 8.74%2018
  • 5.27%2019
  • 0.00%2020
  • 2.08%2021
  • 1.84%2022
  • 1.74%2023
  • 4.60%2024
  • 3.17%2025
  • 2.20%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend15/07/202629/07/2026R$0.02
Dividend14/04/202629/04/2026R$0.02
Dividend19/02/202605/03/2026R$0.02
Dividend17/04/202530/10/2025R$0.02
Dividend17/04/202530/07/2025R$0.02
Dividend17/04/202530/04/2025R$0.02
Dividend21/02/202506/03/2025R$0.02
Dividend18/04/202430/10/2024R$0.02
Dividend18/04/202430/07/2024R$0.02
Dividend18/04/202430/04/2024R$0.02
Dividend23/02/202404/03/2024R$0.02
Dividend20/04/202315/12/2023R$0.01
See all 44 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend20/04/202315/09/2023R$0.01
Dividend20/04/202315/06/2023R$0.01
Dividend03/03/202315/03/2023R$0.01
Dividend29/04/202210/11/2022R$0.02
Dividend29/04/202210/08/2022R$0.02
Dividend29/04/202210/05/2022R$0.02
Dividend27/04/202130/06/2021R$0.06
Dividend22/04/201931/10/2019R$0.20
Dividend26/04/201828/09/2018R$0.20
Dividend08/07/2020—R$0.11
Other14/07/2017—R$0.45
Dividend27/04/2017—R$0.15
Dividend29/04/2014—R$0.02
Dividend27/04/2012—R$0.10
Dividend27/04/2012—R$0.02
Dividend01/07/2011—R$0.01
Dividend01/07/2011—R$0.15
Dividend30/04/2010—R$0.02
Dividend29/04/2009—R$0.02
Dividend28/04/2008—R$0.02
Dividend26/04/2007—R$0.01
Dividend24/11/2006—R$0.00
Dividend29/04/2004—R$0.02
Dividend25/04/2003—R$0.01
Dividend29/04/2002—R$0.01
Dividend27/04/2000—R$0.03
Dividend27/04/2000—R$0.02
Dividend29/04/1999—R$0.06
Dividend29/04/1998—R$0.05
Dividend06/02/1997—R$0.10
Dividend06/02/1997—R$0.01
Dividend30/04/1996—R$0.08
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split23/12/202110 for 1
Share consolidation28/04/20161 for 10

About Iguatemi

Sector
Construção e Imobiliário
Segment
Exploração de Imóveis
Listing segment
Level 1
Tag along
80.00%
Free float
56.68%
Shares issued
770.99m ordinary · 435.37m preferred
Average daily trading
R$165.2k
Listed since
22/11/2021
CNPJ
60.543.816/0001-93

Iguatemi S.A., negociada na B3 sob o código IGTI3, é uma companhia do setor de construção e imobiliário focada em exploração de imóveis para varejo e renda recorrente. Seu portfólio inclui shopping centers, participações em empreendimentos comerciais e projetos imobiliários associados, com concentração em mercados de maior consumo nas regiões Sul, Sudeste e Centro-Oeste. A companhia opera com modelo de receitas baseado em locação de lojas, receitas variáveis relacionadas a vendas de lojistas e serviços complementares dos ativos. Em termos competitivos, ocupa posição relevante no segmento de shopping centers de perfil premium, com estratégia de gestão ativa dos empreendimentos e reciclagem seletiva de portfólio. O ticker IGTI3 sucedeu a estrutura histórica em que IGTA3 era o principal código de negociação da empresa.

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 IGTI3

How much is IGTI3 today?

IGTI3 is at R$3.28 (1.55% on the day), last traded on 30/09/2026.

How much did IGTI3 pay in dividends in 2025?

IGTI3 paid R$0.10 per share in 2025, a dividend yield of 3.17%.

When is the next IGTI3 dividend?

The next announced payment is R$0.02 per share on 29/10/2026.

What are the P/E and P/B of IGTI3?

IGTI3 trades at a P/E of 6.20 and a P/B of 0.80.

How much did IGTI3 return in 12 months?

IGTI3 returned 14.12% in 12 months, with annualised volatility of 17.29% and a largest drawdown of -12.64%.

What sector is IGTI3 in?

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