B3 · BRL

SMFT3

Smartfit Escola de Ginastica e Danca SA

R$17.16+2.39% (R$0.40)
Day's range
R$16.81 – R$17.56
Day's volume
R$170m
52-week range
R$16.45 – R$27.40

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SMFT3 in numbers

Market cap
R$10.8bn
P/E
15.40
P/B
1.74
Dividend yield (12m)
6.05%
Net debt/EBITDA
2.21

The 12-month dividend yield of SMFT3 is 6.05%, above its 5-year average of 1.00%.

SMFT3 price history

01/10/202501/10/2026
Compare with

SMFT3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-27.05%-1.24%-3.63%
Volatility (annualised)24.85%33.81%44.79%
Largest drawdown-33.25%-34.33%-53.07%
Positive months6/1218/3630/60

How much did investing in SMFT3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$941.70 today.

Value today in SMFT3
R$941.70
Return over the period
-5.83%
Return per year
-1.19%
In the Ibovespa
R$1,798.04

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

SMFT3 fundamentals

Valuation

  • P/E
    15.40
  • P/B
    1.74
  • EV/EBITDA
    5.02
  • EV/EBIT
    10.11
  • EV/Revenue
    2.40
  • P/EBIT
    5.65
  • P/S
    1.34
  • P/OCF
    5.04
  • P/FCF
    26.03
  • Earnings yield
    9.89%
  • PEG ratio
    0.51
  • Earnings per share
    R$1.11
  • Book value per share
    R$9.86

Debt

  • Net debt
    R$8.5bn
  • Net debt/EBITDA
    2.21
  • Net debt/Equity
    1.40
  • Debt/Equity
    1.83
  • Current ratio
    1.20
  • Quick ratio
    1.20
  • Cash ratio
    0.75

Efficiency

  • Gross margin
    43.20%
  • EBITDA margin
    47.93%
  • Operating margin
    23.78%
  • Net margin
    8.53%
  • Asset turnover
    0.37

Profitability

  • ROE
    11.30%
  • ROA
    3.20%
  • ROIC
    11.25%
  • Payout
    93.11%

Growth

  • Revenue CAGR (5 years)
    43.98%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    29.77%
  • Earnings growth (year)
    46.34%
  • Revenue growth (quarter)
    25.18%
  • Earnings growth (quarter)
    29.41%

What is SMFT3's fair price?

Two classic value formulas, with today's numbers. The current price is R$17.16.

Graham's fair price
R$15.72
8.37% below the price

√(22.50 × R$1.11 × R$9.86)

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$3.94
77.06% below the price

R$0.24 (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.

SMFT3 indicators by year

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

Indicator20252024202320222021202020192018
P/E22.4823.2114.72-89.09-14.91———
P/B2.531.852.991.892.14———
EV/EBITDA6.606.078.488.7025.74———
Dividend yield2.75%0.50%1.74%0.00%0.00%———
Earnings per shareR$1.04R$0.73R$1.77-R$0.15-R$1.08-R$26.86-R$16.52R$19.13
Book value per shareR$9.19R$9.16R$8.69R$7.18R$7.56R$110.79R$107.63R$65.67
ROE11.28%7.98%20.34%-2.13%-14.33%-24.25%-15.35%29.14%
ROIC10.36%9.68%12.28%4.15%-5.72%-6.96%2.03%20.20%
Gross margin42.49%41.45%40.31%31.12%6.67%-0.83%37.00%30.40%
EBITDA margin47.71%47.95%51.88%39.85%25.28%24.71%31.96%59.43%
Net margin8.82%7.82%24.42%-3.05%-37.18%-47.65%-17.54%30.30%
Net debt/EBITDA2.442.281.551.883.828.873.421.62

SMFT3 financial statements

Line202520242023202220212020
Net revenueR$7.2bnR$5.6bnR$4.2bnR$2.9bnR$1.7bnR$1.3bn
Cost of sales-R$4.2bn-R$3.3bn-R$2.5bn-R$2bn-R$1.6bn-R$1.3bn
Gross profitR$3.1bnR$2.3bnR$1.7bnR$912mR$113.8m-R$10.4m
EBITDAR$3.5bnR$2.7bnR$2.2bnR$1.2bnR$431.6mR$310.4m
EBITR$1.7bnR$1.3bnR$1bnR$265.4m-R$359.5m-R$393.7m
Net finance result-R$953.4m-R$767.3m-R$473.3m-R$347.7m-R$295.2m-R$261.4m
Profit before taxR$744.4mR$496.3mR$571.6m-R$82.3m-R$654.8m-R$655.1m
Income tax-R$103.9m-R$55.8mR$472.6m-R$3.7mR$21.8mR$50.6m
Net incomeR$638.7mR$436.4mR$1bn-R$89.4m-R$634.6m-R$598.6m

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

SMFT3 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
SMFT3Smartfit Escola De Ginástica E Dança15.401.746.05%11.30%R$10.8bn
CSED3CRUZEIRO DO SUL EDUCACIONAL S.A.6.201.159.21%18.49%R$1.9bn
SEER3SER EDUCACIONAL S.A.6.471.156.47%17.83%R$1.8bn
ANIM3ANIMA HOLDING S.A.1.610.102.60%6.36%R$1.2bn
ALPK3ALLPARK EMPREENDIMENTOS PARTICIPACOES SERVICOS S.A58.152.640.17%4.55%R$971.5m
CVCB3CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A.-5.942.430.00%-40.86%R$783.1m

Does SMFT3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Interest on equity03/09/202630/10/2026R$0.07

Dividend yield per year

  • 2019
  • 2020
  • 0.00%2021
  • 0.00%2022
  • 1.74%2023
  • 0.50%2024
  • 2.75%2025
  • 5.54%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity03/06/202631/07/2026R$0.07
Interest on equity23/03/202630/04/2026R$0.07
Interest on equity05/12/202513/01/2026R$0.84
Interest on equity12/09/202531/10/2025R$0.07
Interest on equity13/06/202531/07/2025R$0.07
Interest on equity24/03/202530/04/2025R$0.07
Interest on equity13/12/202412/02/2025R$0.44
Interest on equity21/06/202431/07/2024R$0.09
Interest on equity11/12/202321/12/2023R$0.10
Interest on equity11/10/202327/10/2023R$0.35
Dividend30/04/201914/05/2019R$0.18

About Smartfit Escola De Ginástica E Dança

Sector
Consumo Cíclico
Segment
Atividades Esportivas
Listing segment
Novo Mercado
Tag along
100.00%
Free float
90.15%
Shares issued
616.13m ordinary
Average daily trading
R$137.1m
Ibovespa weight
0.37%
Listed since
26/02/2018
CNPJ
07.594.978/0001-78

Smart Fit S.A. é a maior rede de academias de ginástica do Brasil, operando centros de treinamento físico com modelo de negócio inovador focado em acessibilidade e tecnologia. Fundada em 2011, a Smart Fit revolucionou o mercado de fitness brasileiro ao oferecer mensalidades acessíveis e infraestrutura moderna em múltiplas unidades. A companhia opera centenas de academias em todo o Brasil, atendendo milhões de clientes com programas de treinamento, aulas coletivas e serviços de personal training. A Smart Fit é conhecida por seu modelo de negócio escalável e eficiente, utilizando tecnologia para otimizar operações e melhorar a experiência do cliente. Com receita anual superior a R$ 1,5 bilhão, a companhia é o maior operador de academias do Brasil e está expandindo sua presença para mercados internacionais. A empresa oferece acesso a fitness de qualidade a um preço acessível, democratizando o acesso ao treinamento físico e contribuindo para a saúde e bem-estar da população brasileira.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Canada Pension Plan Investment Board12.10%0.00%12.10%
EDGARD GOMES CORONA7.57%0.00%7.57%
SPX Gestão de Recursos Ltda.5.11%0.00%5.11%
GRUPO GIC5.01%0.00%5.01%
DIOGO FERRAZ DE ANDRADE CORONA1.69%0.00%1.69%
ANA CAROLINA CORONA GOLDFARB1.69%0.00%1.69%
CAMILA CORONA DE GODOY BUENO1.69%0.00%1.69%
CORONFIM RV2 FUNDO DE INVESTIMENTO MULTIMERCADO0.94%0.00%0.94%
MARIA CLARA LOPES CORONA0.65%0.00%0.65%
MARIA PAULA LOPES CORONA0.65%0.00%0.65%
CORONFIM 95 FUNDO DE INVESTIMENTO MULTIMERCADO0.00%0.00%0.00%
Outros62.31%0.00%62.31%
Ações Tesouraria0.58%0.00%0.58%

Questions about SMFT3

How much is SMFT3 today?

SMFT3 is at R$17.16 (2.39% on the day), last traded on 01/10/2026.

How much did SMFT3 pay in dividends in 2025?

SMFT3 paid R$0.64 per share in 2025, a dividend yield of 2.75%.

When is the next SMFT3 dividend?

The next announced payment is R$0.07 per share on 30/10/2026.

What are the P/E and P/B of SMFT3?

SMFT3 trades at a P/E of 15.40 and a P/B of 1.74.

How much did SMFT3 return in 12 months?

SMFT3 returned -27.05% in 12 months, with annualised volatility of 24.85% and a largest drawdown of -33.25%.

What sector is SMFT3 in?

Smartfit Escola De Ginástica E Dança is in the Consumo Cíclico sector, Atividades Esportivas segment.