B3 · BRL

TASA4

Taurus Armas S.A. Pfd

R$8.29+6.56% (R$0.51)Updated 01/10/2026, 02:06

Day's range: R$7.87 – R$8.34
Day's volume: R$12.6m
52-week range: R$4.06 – R$9.49

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TASA4 in numbers

Market cap: R$1.2bn

P/E: 43.29

P/B: 0.90

Dividend yield (12m): 0.04%

Net debt/EBITDA: 2.76

The 12-month dividend yield of TASA4 is 0.04%, below its 5-year average of 6.37%.

TASA4 price history

01/10/202530/09/2026

Compare with

TASA4 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+71.21%	-40.79%	-48.12%
Volatility (annualised)	56.73%	41.03%	39.36%
Largest drawdown	-19.67%	-66.93%	-75.67%
Positive months	7/12	13/36	25/60

How much did investing in TASA4 return?

Amount invested

R$1,000.00 invested on 01/09/2021 would be worth R$518.84 today.

Value today in TASA4: R$518.84

Return over the period: -48.12%

Return per year: -12.30%

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.

TASA4 fundamentals

Valuation

P/E
43.29
P/B
0.90
EV/EBITDA
10.23
EV/EBIT
17.31
EV/Revenue
1.11
P/EBIT
12.64
P/S
0.81
P/OCF
3.43
P/FCF
9.52
Earnings yield
5.78%
PEG ratio
—
Earnings per share
R$0.19
Book value per share
R$9.22

Debt

Net debt
R$426.1m
Net debt/EBITDA
2.76
Net debt/Equity
0.33
Debt/Equity
0.57
Current ratio
1.72
Quick ratio
0.82
Cash ratio
0.39

Efficiency

Gross margin
32.24%
EBITDA margin
10.82%
Operating margin
6.39%
Net margin
1.87%
Asset turnover
0.59

Profitability

ROE
2.08%
ROA
1.10%
ROIC
2.48%
Payout
1.62%

Growth

Revenue CAGR (5 years)
-8.73%
Earnings CAGR (5 years)
-47.09%
Revenue growth (year)
-12.53%
Earnings growth (year)
-76.93%
Revenue growth (quarter)
-8.94%
Earnings growth (quarter)
-77.47%

What is TASA4's fair price?

Two classic value formulas, with today's numbers. The current price is R$8.29.

Graham's fair price: R$6.30; 23.96% below the price

√(22.50 × R$0.19 × R$9.22)

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$11.75; 41.78% above the price

R$0.71 (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.

TASA4 indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	36.81	15.00	12.60	3.25	4.61	5.89	12.21	-5.77
P/B	0.52	0.89	1.76	1.65	3.87	36.73	-1.74	-0.85
EV/EBITDA	11.55	6.36	8.85	2.36	3.36	4.97	10.30	15.43
Dividend yield	4.34%	4.05%	10.10%	13.38%	0.00%	0.00%	0.00%	0.00%
Earnings per share	R$0.13	R$0.55	R$1.21	R$4.11	R$5.34	R$2.63	R$0.49	-R$0.70
Book value per share	R$8.96	R$9.29	R$8.62	R$8.09	R$6.37	R$0.42	-R$3.44	-R$4.77
ROE	1.42%	5.92%	13.99%	50.77%	83.89%	623.63%	-14.26%	14.71%
ROIC	1.11%	11.57%	11.30%	43.63%	57.67%	55.30%	21.82%	4.52%
Gross margin	34.33%	34.82%	35.42%	45.69%	48.09%	42.60%	34.08%	36.39%
EBITDA margin	7.24%	15.10%	14.26%	31.19%	36.58%	26.02%	12.81%	9.34%
Net margin	1.21%	4.58%	8.57%	20.47%	23.17%	14.87%	4.34%	-7.08%
Net debt/EBITDA	5.40	1.81	1.28	0.23	0.44	1.61	6.16	11.06

TASA4 financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$1.5bn	R$1.7bn	R$1.8bn	R$2.5bn	R$2.7bn	R$1.8bn
Cost of sales	-R$960.8m	-R$1.1bn	-R$1.2bn	-R$1.4bn	-R$1.4bn	-R$1bn
Gross profit	R$502.2m	R$582.4m	R$631.2m	R$1.2bn	R$1.3bn	R$755.3m
EBITDA	R$105.9m	R$252.6m	R$254.1m	R$792.2m	R$1bn	R$461.5m
EBIT	R$52.1m	R$209m	R$218.7m	R$760.9m	R$973.6m	R$434.3m
Net finance result	-R$6.7m	-R$130m	-R$10m	-R$4.7m	-R$72.3m	-R$249.6m
Profit before tax	R$45.4m	R$79m	R$208.7m	R$756.1m	R$901.3m	R$184.7m
Income tax	-R$27.8m	-R$2.4m	-R$55.9m	-R$233.3m	-R$263.9m	R$68.6m
Net income	R$17.7m	R$76.6m	R$152.8m	R$520m	R$635.1m	R$263.6m

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

TASA4 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

Stock	P/E	P/B	Dividend yield (12m)	ROE	Market cap
TASA4Taurus Armas	43.29	0.90	0.04%	2.08%	R$1.2bn
TASA3TAURUS ARMAS S.A.	43.13	0.90	0.04%	2.08%	R$1.2bn
EMBJ3EMBJ3	30.94	4.02	1.17%	13.01%	R$72.1bn
MLAS3GRUPO MULTI S.A.	5.09	0.48	2.68%	9.38%	R$1.5bn
POSI3POSITIVO TECNOLOGIA S.A.	42.20	0.34	4.84%	0.80%	R$526.1m
PDTC3PADTEC HOLDING S.A.	6.86	0.88	0.00%	12.83%	R$124m

Does TASA4 pay dividends?

Dividend yield per year

0.00%2017
0.00%2018
0.00%2019
0.00%2020
0.00%2021
13.38%2022
10.10%2023
4.05%2024
4.34%2025
0.04%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	29/04/2026	15/06/2026	R$0.00
Dividend	29/04/2025	23/09/2025	R$0.07
Dividend	29/04/2025	22/07/2025	R$0.07
Dividend	29/04/2025	20/05/2025	R$0.07
Dividend	30/04/2024	10/07/2024	R$0.30
Dividend	21/08/2023	31/08/2023	R$0.10
Dividend	28/04/2023	09/05/2023	R$1.30
Dividend	19/04/2022	29/04/2022	R$1.62
Interest on equity	19/11/2012	26/05/2013	R$0.03
Dividend	16/08/2012	21/11/2012	R$0.07
Interest on equity	17/11/2011	02/04/2012	R$0.10
Interest on equity	10/08/2011	17/10/2011	R$0.03

See all 35 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	29/04/2011	12/05/2011	R$0.00
Interest on equity	17/11/2010	31/01/2011	R$0.10
Interest on equity	30/06/2010	19/07/2010	R$0.07
Dividend	30/04/2010	07/05/2010	R$0.00
Interest on equity	17/11/2009	28/01/2010	R$0.14
Interest on equity	26/11/2008	16/03/2009	R$0.20
Interest on equity	27/11/2007	31/01/2008	R$0.16
Dividend	16/04/2007	30/04/2007	R$0.01
Interest on equity	14/12/2006	29/01/2007	R$0.10
Dividend	26/01/2006	03/02/2006	R$0.07
Interest on equity	17/11/2004	28/01/2005	R$0.08
Interest on equity	14/11/2003	29/01/2004	R$0.08
Dividend	29/04/2003	09/05/2003	R$0.01
Interest on equity	20/12/2002	30/01/2003	R$0.09
Interest on equity	05/06/2002	14/06/2002	R$0.06
Interest on equity	13/12/2001	31/01/2002	R$0.10
Interest on equity	19/12/2000	31/01/2001	R$0.06
Dividend	28/04/2000	17/05/2000	R$0.00
Interest on equity	13/12/1999	19/01/2000	R$0.06
Dividend	26/04/2013	—	R$0.03
Interest on equity	21/12/1998	—	R$0.06
Interest on equity	27/03/1998	—	R$0.03
Dividend	30/04/1997	—	R$0.05

Splits, share consolidations and bonus shares
Event	Last day to own	Ratio
Bonus shares	07/05/2025	10.00% in shares
Share consolidation	20/01/2015	1 for 11
Split	07/07/2011	29 for 21
Split	02/05/2011	11 for 10
Share consolidation	03/05/2004	1 for 1000

About Taurus Armas

Listing segment: Level 2
Tag along: 100.00%
Free float: 59.13%
Shares issued: 51.09m ordinary · 88.21m preferred
Average daily trading: R$4.3m
Listed since: 24/05/1982
CNPJ: 92.781.335/0001-02

ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Ordinary	Preferred	Total
Gibraltar Incorporações e Participações LtdaControlling	32.69%	13.50%	20.54%
BYK Participações S.A.Controlling	50.57%	0.37%	18.78%
LUIZ BARSI FILHO	3.59%	11.16%	8.39%
Outros	13.15%	74.86%	52.23%
Ações Tesouraria	0.00%	0.11%	0.07%

Questions about TASA4

How much is TASA4 today?

TASA4 is at R$8.29 (6.56% on the day), last traded on 01/10/2026.

How much did TASA4 pay in dividends in 2025?

TASA4 paid R$0.20 per share in 2025, a dividend yield of 4.34%.

What are the P/E and P/B of TASA4?

TASA4 trades at a P/E of 43.29 and a P/B of 0.90.

How much did TASA4 return in 12 months?

TASA4 returned 71.21% in 12 months, with annualised volatility of 56.73% and a largest drawdown of -19.67%.