B3 · BRL

PGMN3

Empreendimentos Pague Menos SA

R$3.45-0.58% (-R$0.02)
Day's range
R$3.40 – R$3.59
Day's volume
R$24.3m
52-week range
R$3.09 – R$7.62

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PGMN3 in numbers

Market cap
R$2.5bn
P/E
7.60
P/B
0.73
Dividend yield (12m)
7.47%
Net debt/EBITDA
1.93

The 12-month dividend yield of PGMN3 is 7.47%, above its 5-year average of 6.11%.

PGMN3 price history

01/10/202530/09/2026
Compare with

PGMN3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-7.63%+44.77%-50.73%
Volatility (annualised)66.32%48.07%51.15%
Largest drawdown-54.38%-54.38%-75.27%
Positive months5/1217/3628/60

How much did investing in PGMN3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$492.70 today.

Value today in PGMN3
R$492.70
Return over the period
-50.73%
Return per year
-13.21%
In the Ibovespa
R$1,777.43

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

PGMN3 fundamentals

Valuation

  • P/E
    7.60
  • P/B
    0.73
  • EV/EBITDA
    3.59
  • EV/EBIT
    5.65
  • EV/Revenue
    0.34
  • P/EBIT
    2.62
  • P/S
    0.16
  • P/OCF
    7.30
  • P/FCF
    93.04
  • Earnings yield
    17.69%
  • PEG ratio
    0.07
  • Earnings per share
    R$0.45
  • Book value per share
    R$4.72

Debt

  • Net debt
    R$2.9bn
  • Net debt/EBITDA
    1.93
  • Net debt/Equity
    0.84
  • Debt/Equity
    0.88
  • Current ratio
    1.78
  • Quick ratio
    0.65
  • Cash ratio
    0.04

Efficiency

  • Gross margin
    32.30%
  • EBITDA margin
    9.58%
  • Operating margin
    6.09%
  • Net margin
    2.10%
  • Asset turnover
    1.59

Profitability

  • ROE
    9.61%
  • ROA
    3.35%
  • ROIC
    15.09%
  • Payout
    56.80%

Growth

  • Revenue CAGR (5 years)
    16.51%
  • Earnings CAGR (5 years)
    11.42%
  • Revenue growth (year)
    17.91%
  • Earnings growth (year)
    152.46%
  • Revenue growth (quarter)
    14.27%
  • Earnings growth (quarter)
    107.22%

What is PGMN3's fair price?

Two classic value formulas, with today's numbers. The current price is R$3.45.

Graham's fair price
R$6.94
101.22% above the price

√(22.50 × R$0.45 × R$4.72)

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$4.08
18.30% above the price

R$0.24 (3-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.

PGMN3 indicators by year

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

Indicator20252024202320222021202020192018
P/E15.5118.9910,336.867.3724.1239.84——
P/B1.300.720.850.831.901.97——
EV/EBITDA5.064.015.004.257.987.63——
Dividend yield4.15%9.41%4.78%—————
Earnings per shareR$0.39R$0.17R$0.00R$0.57R$0.37R$0.22-R$0.02R$0.31
Book value per shareR$4.67R$4.37R$4.57R$5.05R$4.71R$4.37R$3.42R$3.44
ROE8.41%3.79%0.01%11.25%7.87%4.95%-0.68%9.02%
ROIC14.16%11.17%0.00%13.40%10.65%12.95%2.33%9.57%
Gross margin31.95%31.85%31.65%32.11%32.15%30.92%31.42%33.27%
EBITDA margin9.31%8.64%8.40%11.15%8.67%8.35%7.30%4.59%
Net margin1.75%0.82%0.00%2.87%2.18%1.40%-0.11%1.49%
Net debt/EBITDA2.152.212.592.351.900.952.382.91

PGMN3 financial statements

Line202520242023202220212020
Net revenueR$14.9bnR$12.6bnR$11.2bnR$9.2bnR$7.5bnR$6.9bn
Cost of sales-R$10.1bn-R$8.6bn-R$7.7bn-R$6.2bn-R$5.1bn-R$4.7bn
Gross profitR$4.8bnR$4bnR$3.5bnR$3bnR$2.4bnR$2.1bn
EBITDAR$1.4bnR$1.1bnR$940.7mR$1bnR$652.6mR$572.4m
EBITR$861.2mR$574.3mR$413.5mR$636.8mR$374mR$321.8m
Net finance result-R$686.2m-R$571.9m-R$695.2m-R$407.6m-R$200.7m-R$253.2m
Profit before taxR$175mR$2.4m-R$281.7mR$229.2mR$173.3mR$68.6m
Income taxR$86mR$100.8mR$284.5mR$33.8m-R$8.9mR$27.4m
Net incomeR$260.3mR$103.1mR$219kR$263.7mR$164.5mR$96m

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

PGMN3 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
PGMN3Empreendimentos Pague Menos7.600.737.47%9.61%R$2.5bn
VBBR3VIBRA ENERGIA S.A.8.811.895.32%21.49%R$44.5bn
UGPA3ULTRAPAR PARTICIPACOES S.A.12.152.345.31%19.25%R$42bn
RADL3RAIA DROGASIL S.A.23.984.422.42%18.41%R$32.2bn
ASAI3SENDAS DISTRIBUIDORA S.A.15.342.330.95%15.21%R$14.8bn
GMAT3GRUPO MATEUS S.A.7.201.050.98%14.52%R$11.7bn
LREN3LOJAS RENNER S.A.7.821.137.93%14.41%R$11.7bn

Does PGMN3 pay dividends?

Dividend yield per year

  • 4.78%2023
  • 9.41%2024
  • 4.15%2025
  • 7.47%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity23/12/202502/02/2026R$0.26
Interest on equity20/01/202527/02/2025R$0.25
Interest on equity26/01/202406/03/2024R$0.30
Interest on equity27/01/202313/03/2023R$0.19

About Empreendimentos Pague Menos

Sector
Consumo Não Cíclico
Segment
Medicamentos e Outros Produtos
Listing segment
Novo Mercado
Tag along
100.00%
Free float
41.79%
Shares issued
723.9m ordinary
Average daily trading
R$19.1m
Listed since
02/09/2020
CNPJ
06.626.253/0001-51

Empreendimentos Pague Menos S.A. é uma rede varejista de farmácias brasileira com presença em diversos estados, operando lojas físicas e plataforma de e-commerce. A companhia atua na comercialização de medicamentos, produtos de higiene, beleza e bem-estar, oferecendo aos consumidores uma ampla variedade de produtos farmacêuticos e de saúde. Com foco em acessibilidade e preços competitivos, a Pague Menos mantém operações em múltiplos canais de distribuição, incluindo lojas de varejo e vendas online. A empresa investe em tecnologia e logística para melhorar a experiência do cliente e expandir sua cobertura geográfica no mercado farmacêutico brasileiro.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
FRANCISCO DEUSMAR DE QUEIRÓSControlling25.70%0.00%25.70%
PATRICIANA MARIA DE QUEIRÓS RODRIGUES6.36%0.00%6.36%
CARLOS HENRIQUE ALVES DE QUEIRÓS6.22%0.00%6.22%
ROSILÂNDIA MARIA ALVES DE QUEIRÓS LIMA6.22%0.00%6.22%
MÁRIO HENRIQUE ALVES DE QUEIRÓS6.01%0.00%6.01%
MORGAN STANLEY (Ver item 6.6)4.95%0.00%4.95%
JOSUÉ UBIRANILSON ALVES2.89%0.00%2.89%
MARIA AURICÉLIA ALVES DE QUEIRÓS2.34%0.00%2.34%
GENERAL ATLANTIC PM E LLC1.84%0.00%1.84%
GA AMERICA COINVESTMENTS LLC0.79%0.00%0.79%
GENERAL ATLANTIC PM I LLC0.76%0.00%0.76%
GENERAL ATLANTIC PM H LLC0.75%0.00%0.75%
GENERAL ATLANTIC PM F LLC0.71%0.00%0.71%
GENERAL ATLANTIC PM J LLC0.70%0.00%0.70%
GENERAL ATLANTIC PM A LLC0.69%0.00%0.69%
GENERAL ATLANTIC PM D LLC0.69%0.00%0.69%
GENERAL ATLANTIC PM B LLC0.67%0.00%0.67%
GENERAL ATLANTIC PM C LLC0.67%0.00%0.67%
GENERAL ATLANTIC PM G LLC0.65%0.00%0.65%
Outros29.45%0.00%29.45%
Ações Tesouraria0.94%0.00%0.94%

Questions about PGMN3

How much is PGMN3 today?

PGMN3 is at R$3.45 (-0.58% on the day), last traded on 01/10/2026.

How much did PGMN3 pay in dividends in 2025?

PGMN3 paid R$0.25 per share in 2025, a dividend yield of 4.15%.

What are the P/E and P/B of PGMN3?

PGMN3 trades at a P/E of 7.60 and a P/B of 0.73.

How much did PGMN3 return in 12 months?

PGMN3 returned -7.63% in 12 months, with annualised volatility of 66.32% and a largest drawdown of -54.38%.

What sector is PGMN3 in?

Empreendimentos Pague Menos is in the Consumo Não Cíclico sector, Medicamentos e Outros Produtos segment.