B3 · BRL
MULT3
Multiplan Empreendimentos Imobiliarios SA
- Day's range
- R$30.98 – R$32.12
- Day's volume
- R$171.3m
- 52-week range
- R$26.13 – R$35.96
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See how MULT3 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountMULT3 in numbers
- Market cap
- R$16.3bn
- P/E
- 11.74
- P/B
- 2.41
- Dividend yield (12m)
- 2.77%
- Net debt/EBITDA
- 3.88
The 12-month dividend yield of MULT3 is 2.77%, below its 5-year average of 3.15%.
MULT3 price history
MULT3 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +18.95% | +44.62% | +109.47% |
| Volatility (annualised) | 30.93% | 26.34% | 24.64% |
| Largest drawdown | -19.15% | -23.80% | -23.80% |
| Positive months | 5/12 | 18/36 | 34/60 |
How much did investing in MULT3 return?
R$1,000.00 invested on 01/09/2021 would be worth R$2,002.59 today.
- Value today in MULT3
- R$2,002.59
- Return over the period
- +100.26%
- Return per year
- +14.90%
- 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.
MULT3 fundamentals
Valuation
- P/E11.74
- P/B2.41
- EV/EBITDA10.78
- EV/EBIT11.44
- EV/Revenue7.96
- P/EBIT7.32
- P/S5.10
- P/OCF10.55
- P/FCF12.54
- Earnings yield8.74%
- PEG ratio1.53
- Earnings per shareR$2.70
- Book value per shareR$13.16
Debt
- Net debtR$9.2bn
- Net debt/EBITDA3.88
- Net debt/Equity1.35
- Debt/Equity1.43
- Current ratio1.64
- Quick ratio1.42
- Cash ratio0.43
Efficiency
- Gross margin82.54%
- EBITDA margin73.85%
- Operating margin69.62%
- Net margin43.42%
- Asset turnover0.24
Profitability
- ROE20.52%
- ROA10.49%
- ROIC11.83%
- Payout32.47%
Growth
- Revenue CAGR (5 years)25.17%
- Earnings CAGR (5 years)10.13%
- Revenue growth (year)7.63%
- Earnings growth (year)-14.89%
- Revenue growth (quarter)18.21%
- Earnings growth (quarter)7.42%
What is MULT3's fair price?
Two classic value formulas, with today's numbers. The current price is R$31.72.
- Graham's fair price
- R$28.29
- 10.82% below the price
√(22.50 × R$2.70 × R$13.16)
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$12.33
- 61.12% below the price
R$0.74 (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.
MULT3 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 | 12.25 | 8.07 | 16.73 | 17.10 | 24.73 | 14.66 | 42.22 | 30.88 |
| P/B | 2.22 | 1.92 | 2.46 | 2.00 | 1.76 | 2.27 | 3.56 | 2.73 |
| EV/EBITDA | 11.70 | 10.53 | 14.00 | 13.20 | 18.66 | 12.90 | 25.43 | 19.01 |
| Dividend yield | 3.79% | 4.73% | 2.52% | 2.28% | 2.44% | 1.21% | 1.32% | 8.80% |
| Earnings per share | R$2.22 | R$2.61 | R$1.70 | R$1.28 | R$0.75 | R$1.60 | R$0.78 | R$0.79 |
| Book value per share | R$12.28 | R$11.00 | R$11.54 | R$10.96 | R$10.59 | R$10.38 | R$9.31 | R$8.91 |
| ROE | 18.11% | 23.75% | 14.72% | 11.69% | 7.12% | 15.47% | 8.42% | 8.84% |
| ROIC | 10.17% | 10.57% | 11.19% | 9.70% | 5.39% | 10.56% | 6.41% | 6.77% |
| Gross margin | 82.00% | 83.36% | 85.52% | 81.15% | 78.94% | 74.59% | 79.15% | 77.31% |
| EBITDA margin | 73.14% | 72.62% | 74.23% | 70.94% | 63.07% | 126.69% | 70.85% | 76.41% |
| Net margin | 41.66% | 52.69% | 50.28% | 42.79% | 35.17% | 89.15% | 36.08% | 38.48% |
| Net debt/EBITDA | 4.72 | 4.68 | 2.67 | 2.88 | 4.87 | 2.59 | 3.94 | 3.46 |
MULT3 financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$2.7bn | R$2.5bn | R$2bn | R$1.8bn | R$1.3bn | R$1.1bn |
| Cost of sales | -R$493m | -R$423.4m | -R$293.9m | -R$338.9m | -R$271.4m | -R$274.8m |
| Gross profit | R$2.2bn | R$2.1bn | R$1.7bn | R$1.5bn | R$1bn | R$806.8m |
| EBITDA | R$2bn | R$1.8bn | R$1.5bn | R$1.3bn | R$812.6m | R$1.4bn |
| EBIT | R$1.9bn | R$1.7bn | R$1.4bn | R$1.1bn | R$611.5m | R$1.1bn |
| Net finance result | -R$537.7m | -R$192.5m | -R$227.3m | -R$241.8m | -R$114.2m | -R$76.1m |
| Profit before tax | R$1.3bn | R$1.5bn | R$1.1bn | R$826.7m | R$497.4m | R$1.1bn |
| Income tax | -R$186.7m | -R$176m | -R$110.5m | -R$57.3m | -R$44.7m | -R$106.4m |
| Net income | R$1.1bn | R$1.3bn | R$1bn | R$769.3m | R$453.1m | R$964.2m |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
MULT3 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 |
|---|---|---|---|---|---|
| MULT3Multiplan - Empreend Imobiliarios | 11.74 | 2.41 | 2.77% | 20.52% | R$16.3bn |
| ITUB4ITAU UNIBANCO HOLDING S.A. | 10.43 | 2.24 | 7.15% | 21.50% | R$511.8bn |
| ITUB3ITAU UNIBANCO HOLDING S.A. | 11.41 | 2.45 | 6.53% | 21.50% | R$511.8bn |
| BPAC3BCO BTG PACTUAL S.A. | 15.68 | 3.48 | 1.91% | 22.20% | R$271.9bn |
| BPAC5BCO BTG PACTUAL S.A. | 13.14 | 2.92 | 2.28% | 22.20% | R$271.9bn |
| BBDC4BCO BRADESCO S.A. | 7.92 | 1.08 | 6.80% | 13.66% | R$183.9bn |
| BBDC3BCO BRADESCO S.A. | 6.94 | 0.95 | 7.05% | 13.66% | R$183.9bn |
Does MULT3 pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 29/12/2025 | 30/12/2026 | R$0.31 |
| Interest on equity | 30/03/2026 | 31/03/2027 | R$0.29 |
| Interest on equity | 30/06/2026 | 30/06/2027 | R$0.29 |
| Interest on equity | 30/09/2026 | 30/09/2027 | R$0.28 |
Dividend yield per year
- 2.14%2017
- 8.80%2018
- 1.32%2019
- 1.21%2020
- 2.44%2021
- 2.28%2022
- 2.52%2023
- 4.73%2024
- 3.79%2025
- 2.26%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 26/09/2025 | 21/09/2026 | R$0.25 |
| Interest on equity | 27/06/2025 | 26/06/2026 | R$0.25 |
| Interest on equity | 31/03/2025 | 20/03/2026 | R$0.23 |
| Interest on equity | 30/12/2024 | 22/12/2025 | R$0.41 |
| Interest on equity | 20/12/2024 | 25/09/2025 | R$0.24 |
| Interest on equity | 26/06/2024 | 20/06/2025 | R$0.23 |
| Interest on equity | 04/04/2024 | 24/03/2025 | R$0.15 |
| Interest on equity | 27/12/2023 | 20/12/2024 | R$0.19 |
| Interest on equity | 01/11/2023 | 21/10/2024 | R$0.22 |
| Interest on equity | 27/09/2023 | 20/09/2024 | R$0.21 |
| Interest on equity | 29/06/2023 | 20/06/2024 | R$0.25 |
| Interest on equity | 30/03/2023 | 20/03/2024 | R$0.13 |
See all 44 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Interest on equity | 26/12/2022 | 20/12/2023 | R$0.30 |
| Interest on equity | 27/09/2022 | 20/09/2023 | R$0.17 |
| Interest on equity | 24/06/2022 | 20/06/2023 | R$0.25 |
| Interest on equity | 28/12/2021 | 25/10/2022 | R$0.50 |
| Interest on equity | 28/12/2020 | 05/10/2021 | R$0.45 |
| Interest on equity | 30/12/2019 | 23/10/2020 | R$0.15 |
| Interest on equity | 30/09/2019 | 23/10/2020 | R$0.13 |
| Interest on equity | 27/06/2019 | 22/10/2019 | R$0.18 |
| Interest on equity | 28/12/2018 | 25/04/2019 | R$0.12 |
| Interest on equity | 26/09/2018 | 25/04/2019 | R$0.13 |
| Interest on equity | 12/11/2018 | 13/12/2018 | R$0.02 |
| Dividend | 12/11/2018 | 13/12/2018 | R$0.36 |
| Interest on equity | 26/06/2018 | 25/09/2018 | R$0.55 |
| Interest on equity | 27/12/2017 | 29/01/2018 | R$0.33 |
| Interest on equity | 26/09/2017 | 29/01/2018 | R$0.33 |
| Interest on equity | 26/06/2017 | 29/01/2018 | R$0.55 |
| Interest on equity | 30/06/2016 | 02/05/2017 | R$0.50 |
| Interest on equity | 21/12/2015 | 17/05/2016 | R$0.72 |
| Interest on equity | 30/06/2015 | 14/12/2015 | R$0.48 |
| Dividend | 29/04/2015 | 18/05/2015 | R$0.11 |
| Interest on equity | 22/12/2014 | 18/05/2015 | R$0.45 |
| Interest on equity | 17/12/2013 | 12/02/2014 | R$0.24 |
| Interest on equity | 26/09/2013 | 19/11/2013 | R$0.24 |
| Interest on equity | 11/12/2012 | 21/05/2013 | R$0.70 |
| Interest on equity | 23/11/2011 | 17/05/2012 | R$0.56 |
| Dividend | 29/04/2011 | 12/05/2011 | R$0.58 |
| Dividend | 30/04/2010 | 19/05/2010 | R$0.34 |
| Dividend | 30/04/2009 | 16/06/2009 | R$0.14 |
| Interest on equity | 30/06/2014 | — | R$0.37 |
| Interest on equity | 27/06/2013 | — | R$0.24 |
| Dividend | 06/03/2013 | — | R$0.33 |
| Dividend | 30/04/2012 | — | R$0.27 |
| Event | Last day to own | Ratio |
|---|---|---|
| Split | 20/07/2018 | 3 for 1 |
About Multiplan - Empreend Imobiliarios
- Sector
- Construção e Imobiliário
- Segment
- Exploração de Imóveis
- Listing segment
- Level 2
- Tag along
- 100.00%
- Free float
- 62.78%
- Shares issued
- 513.16m ordinary
- Average daily trading
- R$115.5m
- Ibovespa weight
- 0.38%
- Listed since
- 27/07/2007
- CNPJ
- 07.816.890/0001-53
A Multiplan Empreendimentos Imobiliarios S.A. atua no planejamento, desenvolvimento, propriedade e administracao de ativos imobiliarios, com foco em shopping centers e empreendimentos comerciais no Brasil. A companhia tem acoes listadas na B3 sob o ticker MULT3. A operacao contempla aquisicao de terrenos, desenvolvimento de projetos, locacao de espacos e gestao de ativos proprios e de terceiros. O portifolio inclui shopping centers, torres comerciais, servicos de estacionamento e receitas associadas a publicidade, eventos e administracao condominial. Fundada em 1974 e sediada no Rio de Janeiro, a empresa construiu uma plataforma de longo prazo orientada por renda de locacao e valorizacao imobiliaria em mercados urbanos de alta densidade de consumo.
Investor website| Shareholder | Ordinary | Preferred | Total |
|---|---|---|---|
| Multiplan Participações S.A.Controlling | 26.81% | 0.00% | 26.81% |
| Squadra Investimentos - Gestão de Recursos Ltda. | 5.01% | 0.00% | 5.01% |
| JOSÉ ISAAC PERESControlling | 4.29% | 0.00% | 4.29% |
| MARIA HELENA KAMINITZ PERESControlling | 1.44% | 0.00% | 1.44% |
| Outros | 58.02% | 0.00% | 58.02% |
| Ações Tesouraria | 4.43% | 0.00% | 4.43% |
Questions about MULT3
How much is MULT3 today?
MULT3 is at R$31.72 (3.46% on the day), last traded on 30/09/2026.
How much did MULT3 pay in dividends in 2025?
MULT3 paid R$1.03 per share in 2025, a dividend yield of 3.79%.
When is the next MULT3 dividend?
The next announced payment is R$0.31 per share on 30/12/2026.
What are the P/E and P/B of MULT3?
MULT3 trades at a P/E of 11.74 and a P/B of 2.41.
How much did MULT3 return in 12 months?
MULT3 returned 18.95% in 12 months, with annualised volatility of 30.93% and a largest drawdown of -19.15%.
What sector is MULT3 in?
Multiplan - Empreend Imobiliarios is in the Construção e Imobiliário sector, Exploração de Imóveis segment.