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B3 · BRL

SHUL4

Schulz S.A.Non-Cum Perp Pfd Registered Shs

R$4.53+3.19% (R$0.14)
Day's range
R$4.36 – R$4.46
Day's volume
R$4.7m
52-week range
R$4.17 – R$5.74

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See how SHUL4 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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SHUL4 in numbers

Market cap
R$5.2bn
P/E
6.23
P/B
1.03
Dividend yield (12m)
13.93%
Net debt/EBITDA
-0.60

The 12-month dividend yield of SHUL4 is 13.93%, above its 5-year average of 5.93%.

SHUL4 price history

01/10/202501/10/2026
Compare with

SHUL4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+2.71%-25.51%+35.90%
Volatility (annualised)16.86%17.40%23.54%
Largest drawdown-19.56%-27.47%-27.47%
Positive months7/1216/3632/60

How much did investing in SHUL4 return?

R$1,000.00 invested on 01/10/2021 would be worth R$1,567.04 today.

Value today in SHUL4
R$1,567.04
Return over the period
+56.70%
Return per year
+9.40%
In the Ibovespa
R$1,808.65

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

SHUL4 fundamentals

Valuation

  • P/E
    6.23
  • P/B
    1.03
  • EV/EBITDA
    16.70
  • EV/EBIT
    25.79
  • EV/Revenue
    2.68
  • P/EBIT
    26.72
  • P/S
    2.77
  • P/OCF
    21.03
  • P/FCF
    31.47
  • Earnings yield
    3.88%
  • PEG ratio
    —
  • Earnings per share
    R$0.73
  • Book value per share
    R$4.38

Debt

  • Net debt
    -R$180.9m
  • Net debt/EBITDA
    -0.60
  • Net debt/Equity
    -0.12
  • Debt/Equity
    0.56
  • Current ratio
    2.40
  • Quick ratio
    1.96
  • Cash ratio
    1.25

Efficiency

  • Gross margin
    21.20%
  • EBITDA margin
    16.03%
  • Operating margin
    10.38%
  • Net margin
    13.90%
  • Asset turnover
    0.60

Profitability

  • ROE
    16.58%
  • ROA
    8.36%
  • ROIC
    13.78%
  • Payout
    86.85%

Growth

  • Revenue CAGR (5 years)
    5.43%
  • Earnings CAGR (5 years)
    8.01%
  • Revenue growth (year)
    -0.36%
  • Earnings growth (year)
    13.22%
  • Revenue growth (quarter)
    -7.35%
  • Earnings growth (quarter)
    -3.81%

What is SHUL4's fair price?

Two classic value formulas, with today's numbers. The current price is R$4.53.

Graham's fair price
R$8.46
86.85% above the price

√(22.50 × R$0.73 × R$4.38)

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$5.17
14.22% above the price

R$0.31 (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.

SHUL4 indicators by year

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

Indicator20252024202320222021202020192018
P/E6.248.159.066.2315.6017.019.3212.45
P/B1.201.461.941.513.313.251.461.62
EV/EBITDA5.125.626.444.2711.9314.248.168.93
Dividend yield6.67%8.60%3.31%3.17%7.90%4.87%10.48%17.85%
Earnings per shareR$0.81R$0.71R$0.78R$0.76R$0.54R$0.79R$1.09R$0.79
Book value per shareR$4.20R$3.99R$3.63R$3.12R$2.54R$4.15R$6.94R$6.05
ROE19.27%17.92%21.41%24.22%21.21%19.10%15.67%12.99%
ROIC17.35%18.90%24.14%26.20%16.37%11.70%11.49%11.59%
Gross margin23.52%25.81%26.03%25.96%22.24%22.97%21.77%23.78%
EBITDA margin16.84%18.47%19.09%20.91%17.15%17.75%12.98%12.89%
Net margin14.91%13.12%14.43%12.90%11.30%13.49%9.16%7.42%
Net debt/EBITDA-0.41-0.16-0.420.431.651.311.591.77

SHUL4 financial statements

Line202520242023202220212020
Net revenueR$1.9bnR$1.9bnR$1.9bnR$2.1bnR$1.7bnR$1.1bn
Cost of sales-R$1.5bn-R$1.4bn-R$1.4bn-R$1.5bn-R$1.3bn-R$809.8m
Gross profitR$456mR$502.2mR$501.3mR$543.4mR$379.3mR$241.4m
EBITDAR$326.5mR$359.4mR$367.7mR$437.7mR$292.4mR$186.6m
EBITR$238.3mR$290.3mR$304.3mR$379mR$240.5mR$143.7m
Net finance resultR$52.1m-R$3.2mR$1.5m-R$78.7m-R$36.9mR$32.9m
Profit before taxR$290.4mR$287.1mR$305.7mR$300.2mR$203.6mR$176.5m
Income tax-R$1.5m-R$31.9m-R$27.8m-R$30.3m-R$10.8m-R$34.7m
Net incomeR$289mR$255.3mR$278mR$270mR$192.7mR$141.8m

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

SHUL4 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
SHUL4Schulz6.231.0313.93%16.58%R$5.2bn
WEGE3WEG S.A.33.1911.014.05%33.16%R$207.6bn
FRAS3FRASLE MOBILITY S.A.21.632.512.75%11.62%R$6.3bn
DXCO3DEXCO S.A.-148.060.770.00%-0.52%R$5.3bn
POMO4MARCOPOLO S.A.3.961.1223.80%28.32%R$5.1bn
POMO3MARCOPOLO S.A.3.711.0525.38%28.32%R$5.1bn

Does SHUL4 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Interest on equity25/06/202628/10/2026R$0.08
Interest on equity24/09/202615/01/2027R$0.08
Dividend26/12/202530/09/2027R$0.10
Dividend26/12/202529/09/2028R$0.10

Dividend yield per year

  • 12.98%2017
  • 17.85%2018
  • 10.48%2019
  • 4.87%2020
  • 7.90%2021
  • 3.17%2022
  • 3.31%2023
  • 8.60%2024
  • 6.67%2025
  • 6.04%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend26/12/202530/09/2026R$0.09
Interest on equity26/03/202614/08/2026R$0.08
Interest on equity29/12/202525/02/2026R$0.10
Interest on equity25/09/202510/12/2025R$0.08
Interest on equity26/06/202502/09/2025R$0.08
Interest on equity27/03/202505/05/2025R$0.07
Interest on equity30/12/202430/01/2025R$0.10
Interest on equity26/09/202427/11/2024R$0.13
Interest on equity26/06/202422/08/2024R$0.11
Interest on equity27/12/202315/04/2024R$0.06
Interest on equity26/03/202411/04/2024R$0.13
Interest on equity29/09/202323/01/2024R$0.06
See all 61 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity26/06/202302/10/2023R$0.04
Interest on equity22/02/202304/07/2023R$0.06
Dividend03/04/202309/05/2023R$0.06
Interest on equity26/12/202203/02/2023R$0.07
Interest on equity26/09/202226/10/2022R$0.06
Interest on equity24/06/202215/07/2022R$0.03
Dividend19/04/202201/07/2022R$0.06
Interest on equity25/11/202115/12/2021R$0.04
Interest on equity24/09/202123/11/2021R$0.06
Interest on equity24/06/202120/08/2021R$0.05
Dividend20/04/202128/05/2021R$0.04
Interest on equity28/12/202031/03/2021R$0.07
Interest on equity17/11/202026/02/2021R$0.08
Interest on equity30/09/202021/10/2020R$0.11
Dividend29/06/202031/07/2020R$0.06
Interest on equity30/09/201909/10/2019R$0.15
Dividend11/04/201931/05/2019R$0.11
Interest on equity17/10/201826/10/2018R$0.20
Dividend03/05/201831/05/2018R$0.11
Interest on equity21/11/201730/11/2017R$0.11
Dividend02/05/201730/05/2017R$0.05
Interest on equity28/10/201630/11/2016R$0.08
Dividend29/04/201631/05/2016R$0.05
Interest on equity13/11/201530/11/2015R$0.18
Dividend23/04/201526/05/2015R$0.08
Interest on equity14/11/201428/11/2014R$0.17
Dividend27/03/201427/05/2014R$0.13
Dividend27/03/201427/05/2014R$0.18
Interest on equity23/10/201327/11/2013R$0.12
Interest on equity14/08/201204/10/2012R$0.06
Dividend10/04/201229/06/2012R$0.11
Interest on equity03/08/201104/10/2011R$0.09
Dividend19/04/201104/07/2011R$0.10
Interest on equity24/11/201024/12/2010R$0.47
Dividend27/04/201030/06/2010R$0.68
Interest on equity30/10/200913/11/2009R$0.14
Interest on equity28/12/200701/02/2008R$0.58
Dividend02/04/2013—R$0.10
Dividend10/04/2012—R$0.15
Dividend11/04/2008—R$0.17
Dividend25/04/2007—R$2.56
Dividend28/04/2006—R$2.70
Dividend29/04/2005—R$2.49
Dividend22/04/2004—R$0.99
Dividend30/04/2003—R$0.36
Dividend27/02/2002—R$0.30
Dividend30/04/1999—R$0.34
Dividend30/04/1997—R$0.16
Dividend30/04/1996—R$0.73
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Bonus shares13/04/2022100.00% in shares
Split16/04/20212 for 1
Split05/12/20187 for 5
Split02/12/20105 for 1
Split14/04/200846 for 37
Share consolidation25/04/20071 for 100

About Schulz

Listing segment
Traditional
Tag along
Set by the bylaws
Free float
56.17%
Shares issued
152.69m ordinary · 204.68m preferred
Average daily trading
R$2.4m
Listed since
10/01/1995
CNPJ
84.693.183/0001-68
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
GERT HEINZ SCHULZControlling22.30%5.41%12.63%
WALDIR CARLOS SCHULZControlling22.35%5.18%12.51%
OVANDI ROSENSTOCKControlling18.31%4.25%10.26%
ELIANA ERNA SCHULZ MANTEUFEL18.67%0.00%7.98%
DORIANE BRAATZ18.29%0.28%7.98%
CLUBE DE INVESTIMENTOS SOL0.00%11.66%6.68%
SÉRGIO EDUARDO FERREIRA RODARTE0.00%8.26%4.73%
TRIGONO FLAGSHIP SMALL CAPS MASTER FIA0.00%7.04%4.03%
REAL INVESTOR MASTER FIA - BDR NIVEL I0.00%4.84%2.77%
REAL INVESTOR MASTER FUNDO DE INVESTIMENTO MULTIMERCADO0.00%1.92%1.10%
TRIGONO ICATU 100 FUNDO DE INVESTIMENTO EM ACOES PREVIDENCIA0.00%1.30%0.75%
REAL INVESTOR 100 PREV MASTER FUNDO DE INVESTIMENTO EM ACOES0.00%1.09%0.63%
TRIGONO VERBIER MASTER FUNDO DE INVESTIMENTO EM ACOES0.00%1.09%0.62%
REAL INVESTOR 70 PREVIDENCIA FIM0.00%0.52%0.30%
TRIGONO HORIZON MICROCAP MASTER FIA0.00%0.50%0.28%
REAL INVESTOR INSTITUCIONAL MASTER FI EM AÇÕES - BDR NIVEL I0.00%0.43%0.24%
ALEXANDRE EDUARDO ROSENSTOCK0.00%0.39%0.22%
REAL INVESTOR ALPHA MASTER FIF DE AÇÕES RL0.00%0.30%0.17%
REAL INVESTOR 100 ICATU PREV MASTER FIA0.00%0.29%0.16%
RATIONAL INVESTOR FUNDO DE INVESTIMENTO EM ACOES0.00%0.25%0.14%
REAL INVESTOR XP SEG PREV FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO0.00%0.15%0.08%
REAL INVESTOR GERDAU PREV FIFA 8 RESP LIMITADA0.00%0.14%0.08%
REAL INVESTOR ITAU VIDA E PREVI MASTER FIF ACOES0.00%0.14%0.08%
REAL INVESTOR ICATU PREV MASTER FIM0.00%0.13%0.07%
TRIGONO VERBIER 70 PREV FIM0.00%0.10%0.06%
TRIGONO MULTISEG 100 FIFE PREVIDENCIA FIA0.00%0.03%0.02%
REAL INVESTOR 70 XP SEG ADVISORY PREV FI FIN MULT RESP LTDA0.00%0.02%0.01%
REAL INVESTOR LONG SHORT MASTER FIF M RL0.00%0.03%0.01%
TRIGONO 70 PREVIDENCIARIO MASTER FUNDO DE INVESTIMENTO MULTIME0.00%0.01%0.01%
REAL INVESTOR ALOCACAO FUNDO DE INVESTIMENTO MULTIMERCADO0.00%0.01%0.01%
Outros0.08%43.87%25.16%
Ações Tesouraria0.00%0.40%0.23%

Questions about SHUL4

How much is SHUL4 today?

SHUL4 is at R$4.53 (3.19% on the day), last traded on 01/10/2026.

How much did SHUL4 pay in dividends in 2025?

SHUL4 paid R$0.34 per share in 2025, a dividend yield of 6.67%.

When is the next SHUL4 dividend?

The next announced payment is R$0.08 per share on 28/10/2026.

What are the P/E and P/B of SHUL4?

SHUL4 trades at a P/E of 6.23 and a P/B of 1.03.

How much did SHUL4 return in 12 months?

SHUL4 returned 2.71% in 12 months, with annualised volatility of 16.86% and a largest drawdown of -19.56%.