B3 · BRL

SCAR3

Sao Carlos Empreendimentos e Participacoes SA

R$12.42+1.39% (R$0.17)
Day's range
R$12.42 – R$12.60
Day's volume
R$350.2k
52-week range
R$11.80 – R$29.00

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SCAR3 in numbers

Market cap
R$717.1m
P/E
-4.94
P/B
0.74
Dividend yield (12m)
57.17%
Net debt/EBITDA
0.45

The 12-month dividend yield of SCAR3 is 57.17%, above its 5-year average of 14.69%.

SCAR3 price history

01/10/202530/09/2026
Compare with

SCAR3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-21.33%-26.41%-47.40%
Volatility (annualised)50.83%34.18%40.20%
Largest drawdown-39.95%-39.95%-71.21%
Positive months4/1215/3626/60

How much did investing in SCAR3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$526.03 today.

Value today in SCAR3
R$526.03
Return over the period
-47.40%
Return per year
-12.06%
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.

SCAR3 fundamentals

Valuation

  • P/E
    -4.94
  • P/B
    0.74
  • EV/EBITDA
    7.66
  • EV/EBIT
    22.50
  • EV/Revenue
    3.03
  • P/EBIT
    21.19
  • P/S
    2.85
  • P/OCF
    -4.77
  • P/FCF
    -1.76
  • Earnings yield
    4.44%
  • PEG ratio
    —
  • Earnings per share
    -R$2.52
  • Book value per share
    R$16.85

Debt

  • Net debt
    R$44.6m
  • Net debt/EBITDA
    0.45
  • Net debt/Equity
    0.05
  • Debt/Equity
    0.81
  • Current ratio
    2.13
  • Quick ratio
    2.13
  • Cash ratio
    1.87

Efficiency

  • Gross margin
    50.12%
  • EBITDA margin
    39.57%
  • Operating margin
    13.47%
  • Net margin
    -53.68%
  • Asset turnover
    0.08

Profitability

  • ROE
    -14.94%
  • ROA
    -4.15%
  • ROIC
    3.33%
  • Payout
    —

Growth

  • Revenue CAGR (5 years)
    -6.37%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    -41.08%
  • Earnings growth (year)
    -96.62%
  • Revenue growth (quarter)
    -37.69%
  • Earnings growth (quarter)
    -194.33%

What is SCAR3's fair price?

Two classic value formulas, with today's numbers. The current price is R$12.42.

Graham's fair price
—
Does not apply to SCAR3: the formula needs positive earnings and book value.

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$36.99
197.85% above the price

R$2.22 (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.

SCAR3 indicators by year

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

Indicator20252024202320222021202020192018
P/E-12.50-37.215.20-13.0670.1229.3131.46119.80
P/B0.750.780.920.701.531.641.841.34
EV/EBITDA9.3514.494.5913.2319.9213.3115.0914.82
Dividend yield63.50%8.26%0.00%0.79%0.88%0.14%0.78%1.04%
Earnings per share-R$1.11-R$0.57R$5.29-R$1.39R$0.60R$1.51R$1.50R$0.27
Book value per shareR$18.54R$26.91R$30.00R$25.76R$27.31R$26.95R$25.63R$24.31
ROE-6.01%-2.11%17.62%-5.39%2.19%5.61%5.83%1.12%
ROIC5.25%3.71%17.38%4.63%2.85%5.76%6.62%2.77%
Gross margin48.82%36.03%49.42%60.63%81.36%80.17%74.48%58.86%
EBITDA margin43.84%28.55%43.05%54.85%71.57%78.77%68.40%51.95%
Net margin-21.47%-6.43%21.80%-20.83%11.96%25.73%23.19%4.24%
Net debt/EBITDA3.236.101.968.278.203.734.435.04

SCAR3 financial statements

Line202520242023202220212020
Net revenueR$299.8mR$508.9mR$1.4bnR$385.1mR$288.1mR$339.4m
Cost of sales-R$153.4m-R$325.5m-R$708.1m-R$151.6m-R$53.7m-R$67.3m
Gross profitR$146.4mR$183.4mR$691.9mR$233.5mR$234.4mR$272.1m
EBITDAR$131.5mR$145.3mR$602.7mR$211.3mR$206.2mR$267.3m
EBITR$78.5mR$90.5mR$552mR$149.9mR$155.7mR$219.7m
Net finance result-R$107.3m-R$102.1m-R$220.7m-R$207.8m-R$98.2m-R$86.9m
Profit before tax-R$28.7m-R$11.6mR$331.3m-R$57.8mR$57.5mR$132.7m
Income tax-R$19.7m-R$21.4m-R$27.6m-R$25.1m-R$23.1m-R$43.9m
Net income-R$64.4m-R$32.7mR$305.2m-R$80.2mR$34.5mR$87.3m

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

SCAR3 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
SCAR3Sao Carlos Empreend E Participacoes-4.940.7457.17%-14.94%R$717.1m
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 SCAR3 pay dividends?

Dividend yield per year

  • 1.86%2017
  • 1.04%2018
  • 0.78%2019
  • 0.14%2020
  • 0.88%2021
  • 0.79%2022
  • 0.00%2023
  • 8.26%2024
  • 63.50%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend02/12/202511/12/2025R$7.10
Dividend30/12/202410/01/2025R$1.74
Dividend02/05/202431/05/2024R$1.74
Dividend02/05/202231/05/2022R$0.14
Dividend30/04/202131/05/2021R$0.37
Dividend30/04/202029/05/2020R$0.06
Dividend11/11/201929/11/2019R$0.30
Dividend30/04/201931/05/2019R$0.07
Interest on equity06/11/201731/05/2018R$0.34
Interest on equity06/11/201730/11/2017R$0.48
Dividend28/04/201731/05/2017R$0.32
Dividend29/04/201631/05/2016R$0.20
See all 32 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity29/06/201530/11/2015R$0.55
Dividend30/04/201528/05/2015R$0.21
Interest on equity14/11/201427/11/2014R$0.34
Dividend30/04/201429/05/2014R$0.51
Interest on equity01/11/201314/11/2013R$0.59
Interest on equity06/11/201221/11/2012R$0.55
Interest on equity30/04/201230/05/2012R$0.47
Interest on equity05/01/201028/01/2010R$0.21
Interest on equity17/08/200915/09/2009R$0.31
Dividend30/04/200922/05/2009R$0.52
Dividend30/04/200815/05/2008R$0.27
Dividend30/04/200408/06/2004R$0.14
Dividend29/04/200330/05/2003R$0.41
Interest on equity29/04/200224/05/2002R$0.07
Interest on equity27/04/200123/05/2001R$0.25
Interest on equity27/04/200023/05/2000R$0.04
Dividend30/04/2013—R$0.43
Interest on equity17/05/2010—R$0.43
Dividend30/04/2010—R$0.11
Dividend26/05/2006—R$0.65
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation22/08/20061 for 1000

About Sao Carlos Empreend E Participacoes

Sector
Construção e Imobiliário
Segment
Exploração de Imóveis
Listing segment
Novo Mercado
Tag along
100.00%
Free float
42.10%
Shares issued
57.74m ordinary
Average daily trading
R$194.2k
Listed since
20/09/1999
CNPJ
29.780.061/0001-09

São Carlos Empreendimentos e Participações S.A. é uma das principais empresas de investimento e gestão imobiliária do Brasil, especializada em imóveis comerciais de alto padrão. Fundada em 1989 e sediada em São Paulo, a companhia é a maior empresa de capital aberto no segmento de escritórios e líder no setor de centros de conveniência. Seu portfólio imobiliário é composto por edifícios comerciais e centros de conveniência localizados principalmente nos estados de São Paulo e Rio de Janeiro, com foco em propriedades em excelentes localizações com grande potencial de valorização. A São Carlos opera através de duas plataformas de investimento: a plataforma de Escritórios, que adquire edifícios comerciais em localizações estratégicas e maximiza o valor das propriedades através de investimentos em infraestrutura e arquitetura, e a plataforma Best Center, especializada em centros de conveniência de alta qualidade em localizações estratégicas para atender grandes redes varejistas. Com receita anual superior a R$ 500 milhões e lucro líquido de aproximadamente R$ 290 milhões, a companhia é um importante player no mercado imobiliário corporativo brasileiro.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
AC FUNDO DE INVESTIMENTO FINANCEIRO EM AES16.88%0.00%16.88%
CHRISTIAN VAN HOEGAERDEN HERRMANN TELLESControlling8.34%0.00%8.34%
MAX VAN HOEGAERDEN HERRMANN TELLESControlling8.34%0.00%8.34%
CECILIA SICUPIRAControlling5.62%0.00%5.62%
HELOÍSA DE PAULA MACHADO SICUPIRAControlling5.57%0.00%5.57%
HELENA SICUPIRA RODASControlling5.56%0.00%5.56%
Alaska Investimentos Ltda5.26%0.00%5.26%
LARA LEMANNControlling4.98%0.00%4.98%
JORGE FELIPE LEMANNControlling3.40%0.00%3.40%
Cedar Trade LLCControlling3.32%0.00%3.32%
ANNA VICTORIA LEMANNControlling3.32%0.00%3.32%
MARC LEMANNControlling2.50%0.00%2.50%
SUSANNA MALLY LEMANNControlling2.49%0.00%2.49%
CEDAR TRADE LLC - J P MORGAN S/A DTVMControlling0.50%0.00%0.50%
Outros23.35%0.00%23.35%
Ações Tesouraria0.58%0.00%0.58%

Questions about SCAR3

How much is SCAR3 today?

SCAR3 is at R$12.42 (1.39% on the day), last traded on 30/09/2026.

How much did SCAR3 pay in dividends in 2025?

SCAR3 paid R$8.85 per share in 2025, a dividend yield of 63.50%.

What are the P/E and P/B of SCAR3?

SCAR3 trades at a P/E of -4.94 and a P/B of 0.74.

How much did SCAR3 return in 12 months?

SCAR3 returned -21.33% in 12 months, with annualised volatility of 50.83% and a largest drawdown of -39.95%.

What sector is SCAR3 in?

Sao Carlos Empreend E Participacoes is in the Construção e Imobiliário sector, Exploração de Imóveis segment.