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B3 · BRL

MOTV3

Motiva Infraestrutura de Mobilidade SA

R$17.49+2.58% (R$0.44)
Day's range
R$16.93 – R$17.55
Day's volume
R$309.4m
52-week range
R$13.52 – R$17.82

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See how MOTV3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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MOTV3 in numbers

Market cap
R$35.3bn
P/E
9.11
P/B
1.99
Dividend yield (12m)
5.33%
Net debt/EBITDA
7.32

The 12-month dividend yield of MOTV3 is 5.33%, above its 5-year average of 2.72%.

MOTV3 price history

03/10/202502/10/2026
Compare with

MOTV3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+15.95%+43.44%+66.06%
Volatility (annualised)23.69%25.39%26.83%
Largest drawdown-15.51%-25.83%-25.83%
Positive months8/1223/3635/60

How much did investing in MOTV3 return?

R$1,000.00 invested on 01/11/2021 would be worth R$1,660.56 today.

Value today in MOTV3
R$1,660.56
Return over the period
+66.06%
Return per year
+10.86%
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.

MOTV3 fundamentals

Valuation

  • P/E
    9.11
  • P/B
    1.99
  • EV/EBITDA
    11.06
  • EV/EBIT
    13.32
  • EV/Revenue
    5.56
  • P/EBIT
    4.50
  • P/S
    1.88
  • P/OCF
    5.96
  • P/FCF
    13.10
  • Earnings yield
    7.51%
  • PEG ratio
    0.11
  • Earnings per share
    R$1.92
  • Book value per share
    R$8.78

Debt

  • Net debt
    R$69.3bn
  • Net debt/EBITDA
    7.32
  • Net debt/Equity
    3.84
  • Debt/Equity
    4.43
  • Current ratio
    1.77
  • Quick ratio
    1.74
  • Cash ratio
    0.69

Efficiency

  • Gross margin
    47.88%
  • EBITDA margin
    50.33%
  • Operating margin
    41.79%
  • Net margin
    21.89%
  • Asset turnover
    0.24

Profitability

  • ROE
    21.85%
  • ROA
    5.20%
  • ROIC
    6.16%
  • Payout
    48.52%

Growth

  • Revenue CAGR (5 years)
    10.24%
  • Earnings CAGR (5 years)
    41.30%
  • Revenue growth (year)
    -13.46%
  • Earnings growth (year)
    162.64%
  • Revenue growth (quarter)
    -10.76%
  • Earnings growth (quarter)
    86.22%

What is MOTV3's fair price?

Two classic value formulas, with today's numbers. The current price is R$17.49.

Graham's fair price
R$19.48
11.36% above the price

√(22.50 × R$1.92 × R$8.78)

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$5.47
68.72% below the price

R$0.33 (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.

MOTV3 indicators by year

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

Indicator20252024202320222021202020192018
P/E9.2816.4516.805.2933.83142.4326.6628.90
P/B1.871.472.191.852.753.434.542.68
EV/EBITDA10.2110.319.625.409.3011.9111.7812.60
Dividend yield3.22%4.10%1.36%3.51%1.42%3.58%4.02%5.30%
Earnings per shareR$1.62R$0.62R$0.84R$2.05R$0.34R$0.09R$0.71R$0.39
Book value per shareR$8.06R$6.93R$6.47R$5.85R$4.24R$3.93R$4.18R$4.17
ROE20.14%8.92%13.04%34.96%8.12%2.41%17.04%9.28%
ROIC7.29%4.54%6.45%11.26%3.23%0.76%6.30%3.22%
Gross margin47.44%33.68%42.88%58.37%37.92%34.64%42.40%39.77%
EBITDA margin46.68%32.80%41.18%61.75%55.50%45.06%51.83%39.29%
Net margin17.40%5.73%9.00%21.55%5.68%1.93%13.58%8.06%
Net debt/EBITDA6.757.435.953.565.845.814.806.68

MOTV3 financial statements

Line202520242023202220212020
Net revenueR$18.9bnR$21.8bnR$18.9bnR$19.2bnR$12.2bnR$9.9bn
Cost of sales-R$9.9bn-R$14.4bn-R$10.8bn-R$8bn-R$7.6bn-R$6.5bn
Gross profitR$8.9bnR$7.3bnR$8.1bnR$11.2bnR$4.6bnR$3.4bn
EBITDAR$8.8bnR$7.1bnR$7.8bnR$11.8bnR$6.8bnR$4.5bn
EBITR$7.3bnR$5.4bnR$6.2bnR$10.1bnR$3.6bnR$2bn
Net finance result-R$3.1bn-R$3.1bn-R$3.2bn-R$3.1bn-R$1.8bn-R$1.4bn
Profit before taxR$4.1bnR$2.3bnR$3bnR$7bnR$1.9bnR$681.4m
Income tax-R$997.9m-R$1bn-R$1.2bn-R$2.8bn-R$1.1bn-R$595.2m
Net incomeR$3.3bnR$1.2bnR$1.7bnR$4.1bnR$695.6mR$191m

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

MOTV3 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
MOTV3Motiva Infraestrutura De Mobilidade9.111.995.33%21.85%R$35.3bn
RAIL3RUMO S.A.25.572.170.64%8.48%R$31.4bn

Does MOTV3 pay dividends?

Dividend yield per year

  • 3.94%2017
  • 5.30%2018
  • 4.02%2019
  • 3.58%2020
  • 1.42%2021
  • 3.51%2022
  • 1.36%2023
  • 4.10%2024
  • 3.22%2025
  • 4.49%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity04/09/202617/09/2026R$0.72
Dividend20/04/202630/04/2026R$0.06
Dividend10/12/202519/12/2025R$0.15
Dividend05/08/202515/08/2025R$0.18
Dividend23/04/202506/05/2025R$0.16
Dividend05/11/202429/11/2024R$0.15
Dividend18/04/202430/04/2024R$0.27
Dividend30/10/202330/11/2023R$0.16
Dividend19/04/202302/05/2023R$0.04
Dividend01/11/202230/11/2022R$0.29
Dividend19/04/202229/04/2022R$0.09
Dividend30/11/202115/12/2021R$0.08
See all 62 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/04/202130/04/2021R$0.09
Dividend01/10/202030/10/2020R$0.18
Dividend09/04/202023/04/2020R$0.30
Dividend18/10/201931/10/2019R$0.47
Dividend07/05/201916/05/2019R$0.30
Dividend23/10/201831/10/2018R$0.40
Dividend16/04/201830/04/2018R$0.20
Dividend19/10/201731/10/2017R$0.44
Dividend11/04/201728/04/2017R$0.20
Dividend09/11/201618/11/2016R$0.42
Dividend15/03/201629/04/2016R$0.28
Dividend17/12/201530/12/2015R$0.05
Dividend02/10/201530/10/2015R$0.49
Dividend01/10/201529/10/2015R$0.49
Dividend16/04/201530/04/2015R$0.06
Dividend15/04/201529/04/2015R$0.06
Dividend26/09/201431/10/2014R$0.74
Dividend25/09/201430/10/2014R$0.74
Dividend15/04/201430/04/2014R$0.06
Dividend26/09/201331/10/2013R$0.68
Dividend25/09/201325/09/2013R$0.68
Dividend18/04/201330/04/2013R$0.06
Dividend28/09/201231/10/2012R$0.54
Dividend27/09/201227/09/2012R$0.54
Dividend13/04/201227/04/2012R$0.06
Dividend29/08/201130/09/2011R$1.59
Dividend26/08/201128/08/2011R$1.59
Dividend19/04/201129/04/2011R$0.23
Dividend18/04/201118/04/2011R$0.23
Dividend20/09/201030/09/2010R$1.70
Dividend17/09/201019/09/2010R$1.70
Dividend28/04/201005/05/2010R$0.23
Dividend27/04/201027/04/2010R$0.23
Dividend12/08/200930/09/2009R$1.16
Dividend11/08/200911/08/2009R$1.16
Dividend15/04/200930/04/2009R$0.10
Dividend15/04/200930/04/2009R$0.25
Dividend14/04/200914/04/2009R$0.10
Dividend14/04/200914/04/2009R$0.25
Dividend11/08/200830/09/2008R$1.00
Dividend27/03/200811/04/2008R$0.50
Dividend09/08/200731/08/2007R$0.82
Dividend29/03/200710/04/2007R$0.50
Dividend10/08/200631/08/2006R$0.63
Dividend29/03/200617/04/2006R$0.25
Dividend01/09/200527/09/2005R$2.00
Dividend31/03/200511/04/2005R$1.00
Dividend09/08/200402/09/2004R$1.00
Dividend18/03/200419/04/2004R$0.59
Dividend10/04/200323/04/2003R$0.35
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split28/11/20114 for 1
Split02/02/20064 for 1

About Motiva Infraestrutura De Mobilidade

Sector
Infraestrutura
Segment
Exploração de Rodovias
Listing segment
Novo Mercado
Tag along
100.00%
Free float
44.96%
Shares issued
2.02bn ordinary
Average daily trading
R$180.9m
Ibovespa weight
0.65%
Listed since
01/02/2002
CNPJ
02.846.056/0001-97

Motiva S.A. é uma empresa brasileira atuante no segmento de exploração de rodovias e infraestrutura de transportes, listada na B3 sob o ticker MOTV3. A companhia opera concessões de rodovias, oferecendo serviços integrados de manutenção, operação, gestão de tráfego e administração de estradas. Motiva atua na operação de rodovias federais e estaduais, mantendo infraestrutura viária, cobrando pedágios e oferecendo serviços de segurança e atendimento ao usuário. A empresa opera com foco em segurança viária, qualidade de infraestrutura, eficiência operacional e sustentabilidade ambiental. Motiva está posicionada como um player importante no segmento de exploração de rodovias no Brasil, contribuindo para a manutenção e melhoria da infraestrutura de transportes rodoviários.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Votorantim S.AControlling10.33%100.00%18.73%
SUCEA PARTICIPAÇÕES S.A. (ANTERIORMENTE CAMARGO CORRÊA INVESTIMENTOS EM INFRA-ESTRUTURA S.A.)Controlling13.32%0.00%12.07%
OPPER INVESTIMENTOS S.A. (ANTIGA SOARES PENIDO CONCESSÕES S.A.)Controlling10.43%0.00%9.45%
Itaúsa S.A.Controlling10.33%0.00%9.36%
BlackRock, Inc.5.01%0.00%4.54%
SOU INVESTIMENTOS LTDA.Controlling1.99%0.00%1.80%
DOIS VALES LTDA.Controlling1.96%0.00%1.78%
SINCRO Participações S.A. (anteriormente denominada CC Investimentos e Participações S.A.)Controlling1.54%0.00%1.39%
Outros44.63%0.00%40.45%
Ações Tesouraria0.47%0.00%0.43%

Questions about MOTV3

How much is MOTV3 today?

MOTV3 is at R$17.49 (2.58% on the day), last traded on 03/10/2026.

How much did MOTV3 pay in dividends in 2025?

MOTV3 paid R$0.48 per share in 2025, a dividend yield of 3.22%.

What are the P/E and P/B of MOTV3?

MOTV3 trades at a P/E of 9.11 and a P/B of 1.99.

How much did MOTV3 return in 12 months?

MOTV3 returned 15.95% in 12 months, with annualised volatility of 23.69% and a largest drawdown of -15.51%.

What sector is MOTV3 in?

Motiva Infraestrutura De Mobilidade is in the Infraestrutura sector, Exploração de Rodovias segment.