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B3 · BRL

PINE4

Banco PINE S.A. Pfd

R$12.43+4.63% (R$0.55)
Day's range
R$11.91 – R$12.82
Day's volume
R$24.6m
52-week range
R$7.99 – R$16.24

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See how PINE4 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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PINE4 in numbers

Market cap
R$3bn
P/E
5.32
P/B
1.78
Dividend yield (12m)
7.89%

The 12-month dividend yield of PINE4 is 7.89%, above its 5-year average of 4.41%.

PINE4 price history

01/10/202501/10/2026
Compare with

PINE4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+47.01%+291.63%+744.44%
Volatility (annualised)42.03%33.94%55.13%
Largest drawdown-22.79%-22.79%-47.89%
Positive months9/1224/3637/60

How much did investing in PINE4 return?

R$1,000.00 invested on 01/10/2021 would be worth R$8,857.75 today.

Value today in PINE4
R$8,857.75
Return over the period
+785.78%
Return per year
+54.70%
In the Ibovespa
R$1,801.83

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

PINE4 fundamentals

Valuation

  • P/E
    5.32
  • P/B
    1.78
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    0.54
  • P/EBIT
    —
  • P/S
    0.54
  • P/OCF
    72.83
  • P/FCF
    -186.78
  • Earnings yield
    —
  • PEG ratio
    0.04
  • Earnings per share
    R$2.34
  • Book value per share
    R$6.98

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    1.05
  • Quick ratio
    0.01
  • Cash ratio
    —

Efficiency

  • Gross margin
    30.62%
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    10.78%
  • Asset turnover
    0.16

Profitability

  • ROE
    33.46%
  • ROA
    1.71%
  • ROIC
    —
  • Payout
    41.95%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    70.21%
  • Earnings growth (year)
    337.31%
  • Revenue growth (quarter)
    17.56%
  • Earnings growth (quarter)
    133.80%

What is PINE4's fair price?

Two classic value formulas, with today's numbers. The current price is R$12.43.

Graham's fair price
R$19.16
54.18% above the price

√(22.50 × R$2.34 × R$6.98)

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$4.70
62.18% below the price

R$0.28 (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.

PINE4 indicators by year

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

Indicator20252024202320222021202020192018
P/E7.219.965.176.47107.81-5.26-5.38-6.21
P/B2.230.940.940.350.330.450.710.31
Dividend yield4.78%13.58%3.71%0.00%0.00%0.00%0.00%0.00%
Earnings per shareR$1.87R$0.45R$0.85R$0.25R$0.02-R$0.48-R$0.78-R$0.36
Book value per shareR$6.04R$4.73R$4.67R$4.66R$5.42R$5.56R$5.95R$7.17
ROE30.88%9.46%18.10%5.44%0.31%-8.62%-13.12%-4.96%
Gross margin28.81%16.78%9.98%1.88%42.68%54.46%21.43%2.97%
Net margin9.29%3.62%8.70%3.21%0.16%-5.82%-12.94%-5.68%

PINE4 financial statements

Line202520242023202220212020
Net revenueR$4.8bnR$2.8bnR$2bnR$1.5bnR$1.5bnR$1.2bn
Cost of sales-R$3.4bn-R$2.3bn-R$1.8bn-R$1.4bn-R$874.2m-R$555.7m
Gross profitR$1.4bnR$470.5mR$203.8mR$27.8mR$651mR$664.5m
EBITDA——————
EBIT——————
Net finance result——————
Profit before taxR$561mR$17.3mR$250.3mR$80.7mR$10.5m-R$141.8m
Income tax-R$128.1mR$84.4m-R$72.6m-R$33.4m-R$8mR$70.8m
Net incomeR$443.6mR$101.4mR$177.7mR$47.3mR$2.5m-R$71m

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

PINE4 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
PINE4Banco Pine5.321.787.89%33.46%R$3bn
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 PINE4 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 0.00%2018
  • 0.00%2019
  • 0.00%2020
  • 0.00%2021
  • 0.00%2022
  • 3.71%2023
  • 13.58%2024
  • 4.78%2025
  • 4.98%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity14/07/202622/07/2026R$0.27
Interest on equity20/04/202630/04/2026R$0.22
Interest on equity08/01/202616/01/2026R$0.10
Dividend08/01/202616/01/2026R$0.03
Interest on equity16/10/202527/11/2025R$0.25
Interest on equity20/10/202529/10/2025R$0.10
Interest on equity16/07/202525/07/2025R$0.11
Interest on equity10/04/202525/04/2025R$0.08
Dividend19/02/202528/02/2025R$0.01
Interest on equity06/01/202516/01/2025R$0.08
Interest on equity10/10/202422/11/2024R$0.16
Interest on equity14/10/202421/10/2024R$0.08
See all 71 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity08/07/202415/07/2024R$0.08
Interest on equity11/04/202418/04/2024R$0.08
Interest on equity08/01/202415/01/2024R$0.21
Interest on equity31/07/202310/08/2023R$0.10
Interest on equity30/01/202308/02/2023R$0.06
Interest on equity30/06/201615/07/2016R$0.06
Interest on equity31/03/201615/04/2016R$0.16
Interest on equity04/01/201618/01/2016R$0.20
Interest on equity29/09/201514/10/2015R$0.18
Interest on equity29/06/201514/07/2015R$0.16
Interest on equity29/09/201409/10/2014R$0.14
Dividend27/06/201416/07/2014R$0.03
Interest on equity30/03/2015—R$0.15
Interest on equity29/12/2014—R$0.12
Interest on equity27/06/2014—R$0.14
Dividend31/03/2014—R$0.03
Interest on equity31/03/2014—R$0.14
Dividend27/12/2013—R$0.13
Interest on equity27/12/2013—R$0.15
Dividend27/09/2013—R$0.13
Interest on equity27/09/2013—R$0.14
Dividend27/06/2013—R$0.13
Interest on equity27/06/2013—R$0.14
Dividend17/04/2013—R$0.00
Interest on equity17/04/2013—R$0.00
Interest on equity27/03/2013—R$0.14
Dividend27/03/2013—R$0.14
Dividend27/12/2012—R$0.13
Interest on equity27/12/2012—R$0.15
Interest on equity27/09/2012—R$0.14
Dividend27/09/2012—R$0.16
Dividend28/06/2012—R$0.10
Interest on equity28/06/2012—R$0.15
Interest on equity29/03/2012—R$0.15
Dividend29/03/2012—R$0.00
Interest on equity28/12/2011—R$0.17
Dividend28/12/2011—R$0.31
Dividend29/09/2011—R$0.02
Interest on equity29/09/2011—R$0.16
Dividend29/06/2011—R$0.08
Interest on equity29/06/2011—R$0.15
Dividend30/03/2011—R$0.03
Interest on equity30/03/2011—R$0.15
Dividend29/12/2010—R$0.09
Interest on equity29/12/2010—R$0.15
Dividend29/09/2010—R$0.09
Interest on equity29/09/2010—R$0.15
Dividend29/06/2010—R$0.09
Interest on equity29/06/2010—R$0.15
Dividend30/03/2010—R$0.03
Interest on equity30/03/2010—R$0.15
Dividend29/12/2009—R$0.03
Interest on equity29/12/2009—R$0.15
Dividend29/09/2009—R$0.03
Interest on equity29/09/2009—R$0.15
Dividend29/06/2009—R$0.09
Interest on equity29/06/2009—R$0.15
Interest on equity30/03/2009—R$0.15
Dividend30/03/2009—R$0.15
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split07/01/201429 for 26
Split27/02/20128 for 7

About Banco Pine

Listing segment
Level 2
Tag along
100.00%
Free float
27.25%
Shares issued
129.95m ordinary · 123.94m preferred
Average daily trading
R$11.7m
Listed since
02/04/2007
CNPJ
62.144.175/0001-20
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
NOBERTO NOGUEIRA PINHEIROControlling96.04%32.80%65.17%
Clube de Investimento Horizonte0.71%6.99%3.77%
FRANCISCO ASCLEPIO BARROSO AGUIAR0.53%5.85%3.12%
Outros2.55%53.15%27.25%
Ações Tesouraria0.17%1.22%0.68%

Questions about PINE4

How much is PINE4 today?

PINE4 is at R$12.43 (4.63% on the day), last traded on 01/10/2026.

How much did PINE4 pay in dividends in 2025?

PINE4 paid R$0.64 per share in 2025, a dividend yield of 4.78%.

What are the P/E and P/B of PINE4?

PINE4 trades at a P/E of 5.32 and a P/B of 1.78.

How much did PINE4 return in 12 months?

PINE4 returned 47.01% in 12 months, with annualised volatility of 42.03% and a largest drawdown of -22.79%.