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B3 · BRL

TEND3

Construtora Tenda SA

R$27.01-1.17% (-R$0.32)
Day's range
R$25.80 – R$28.30
Day's volume
R$269.8m
52-week range
R$21.64 – R$37.94

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See how TEND3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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TEND3 in numbers

Market cap
R$3.3bn
P/E
5.72
P/B
2.15
Dividend yield (12m)
5.41%
Net debt/EBITDA
1.53

The 12-month dividend yield of TEND3 is 5.41%, above its 5-year average of 0.69%.

TEND3 price history

01/10/202530/09/2026
Compare with

TEND3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+20.77%+158.76%+75.68%
Volatility (annualised)43.00%50.66%62.18%
Largest drawdown-24.70%-32.84%-77.15%
Positive months7/1221/3633/60

How much did investing in TEND3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$1,759.23 today.

Value today in TEND3
R$1,759.23
Return over the period
+75.92%
Return per year
+11.96%
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.

TEND3 fundamentals

Valuation

  • P/E
    5.72
  • P/B
    2.15
  • EV/EBITDA
    5.74
  • EV/EBIT
    6.35
  • EV/Revenue
    0.94
  • P/EBIT
    4.66
  • P/S
    0.69
  • P/OCF
    8.85
  • P/FCF
    15.13
  • Earnings yield
    15.75%
  • PEG ratio
    0.12
  • Earnings per share
    R$4.72
  • Book value per share
    R$12.56

Debt

  • Net debt
    R$1.2bn
  • Net debt/EBITDA
    1.53
  • Net debt/Equity
    0.78
  • Debt/Equity
    1.34
  • Current ratio
    1.96
  • Quick ratio
    1.22
  • Cash ratio
    0.43

Efficiency

  • Gross margin
    32.34%
  • EBITDA margin
    16.40%
  • Operating margin
    14.83%
  • Net margin
    11.58%
  • Asset turnover
    0.68

Profitability

  • ROE
    37.61%
  • ROA
    7.82%
  • ROIC
    23.67%
  • Payout
    30.95%

Growth

  • Revenue CAGR (5 years)
    12.64%
  • Earnings CAGR (5 years)
    22.12%
  • Revenue growth (year)
    27.07%
  • Earnings growth (year)
    375.20%
  • Revenue growth (quarter)
    32.39%
  • Earnings growth (quarter)
    49.62%

What is TEND3's fair price?

Two classic value formulas, with today's numbers. The current price is R$27.01.

Graham's fair price
R$36.52
35.22% above the price

√(22.50 × R$4.72 × R$12.56)

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$2.52
90.67% below the price

R$0.15 (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.

TEND3 indicators by year

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

Indicator20252024202320232022202120202019
P/E5.9514.33-8.07-18.46-0.39-4.467.705.85
P/B2.501.590.901.140.300.701.021.14
EV/EBITDA7.287.1516.0867.91——7.526.68
Dividend yield2.36%0.00%0.00%0.00%0.00%1.09%1.67%2.02%
Earnings per shareR$4.13R$0.87-R$1.84-R$0.80-R$10.49-R$3.67R$3.84R$5.05
Book value per shareR$9.83R$7.80R$16.57R$12.97R$13.75R$23.24R$29.10R$25.91
ROE41.97%11.13%-11.09%-6.19%-76.27%-15.79%13.20%19.50%
ROIC19.50%11.77%3.23%0.91%-12.58%-3.56%9.98%13.08%
Gross margin30.08%27.14%20.96%20.36%11.39%17.77%31.12%33.23%
EBITDA margin14.05%11.07%4.63%5.50%-10.77%-1.81%12.91%16.53%
Net margin12.12%3.24%-3.30%-6.43%-22.69%-7.54%8.78%13.51%
Net debt/EBITDA2.152.9610.3346.31——2.291.89

TEND3 financial statements

Line202520242023202320222021
Net revenueR$4.2bnR$3.3bnR$2.9bnR$651.4mR$2.4bnR$2.5bn
Cost of sales-R$2.9bn-R$2.4bn-R$2.3bn-R$518.8m-R$2.1bn-R$2.1bn
Gross profitR$1.3bnR$891.4mR$608.6mR$132.6mR$274.7mR$451.3m
EBITDAR$586.3mR$363.7mR$134.4mR$35.8m-R$259.8m-R$45.9m
EBITR$518.7mR$295.1mR$72.7mR$21.2m-R$315.8m-R$90.4m
Net finance resultR$4.4m-R$170.8m-R$130.8m-R$53.7m-R$195.3m-R$60.1m
Profit before taxR$523.1mR$124.3m-R$58.1m-R$32.5m-R$511.1m-R$150.5m
Income tax-R$38.6m-R$23.6m-R$44.4m-R$11.2m-R$44.6m-R$46m
Net incomeR$505.7mR$106.4m-R$95.8m-R$41.9m-R$547.3m-R$191.5m

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

TEND3 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
TEND3Construtora Tenda5.722.155.41%37.61%R$3.3bn
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 TEND3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend13/08/202630/12/2026R$0.64

Dividend yield per year

  • 3.25%2018
  • 2.02%2019
  • 1.67%2020
  • 1.09%2021
  • 0.00%2022
  • 0.00%2023
  • 0.00%2024
  • 2.36%2025
  • 3.06%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend23/12/202507/01/2026R$0.83
Dividend07/08/202530/12/2025R$0.41
Dividend06/12/202402/07/2025R$0.17
Dividend30/04/202125/11/2021R$0.18
Dividend10/11/202020/11/2020R$0.17
Dividend29/09/202016/10/2020R$0.14
Dividend10/07/202004/09/2020R$0.18
Dividend22/11/201904/12/2019R$0.16
Dividend22/08/201903/09/2019R$0.18
Dividend12/06/201925/06/2019R$0.12
Dividend29/04/201910/05/2019R$0.14
Dividend17/12/201828/12/2018R$0.51
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split25/03/20192 for 1

About Construtora Tenda

Sector
Construção e Imobiliário
Segment
Incorporações
Listing segment
Novo Mercado
Tag along
100.00%
Free float
96.81%
Shares issued
122.58m ordinary
Average daily trading
R$101.1m
Ibovespa weight
0.13%
Listed since
04/05/2017
CNPJ
71.476.527/0001-35

Construtora Tenda S.A. é uma empresa brasileira incorporadora imobiliária, especializada no desenvolvimento de empreendimentos residenciais para segmentos de renda média e média-alta. Fundada em 1981, a Tenda é uma das principais incorporadoras do Brasil, operando em múltiplos estados com foco em qualidade e acessibilidade. A companhia desenvolve projetos residenciais, atendendo diferentes segmentos de mercado com produtos de qualidade e preço acessível. A Tenda é um importante player no segmento imobiliário residencial brasileiro, operando com foco em desenvolvimento de projetos para a classe média. Com receita anual superior a R$ 2 bilhões, a companhia é uma das maiores incorporadoras do Brasil, desenvolvendo centenas de empreendimentos em múltiplas cidades. A empresa está comprometida com qualidade construtiva, inovação e sustentabilidade ambiental em seus projetos residenciais.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Polo Capital Gestão de Recursos Ltda. e Polo Capital Internacional Gestão de Recursos Ltda.19.86%0.00%19.86%
Banco Santander Brasil S.A6.91%0.00%6.91%
NORGES BANK5.98%0.00%5.98%
Morgan Stanley Capital Services LLC5.70%0.00%5.70%
Outros61.56%0.00%61.56%

Questions about TEND3

How much is TEND3 today?

TEND3 is at R$27.01 (-1.17% on the day), last traded on 30/09/2026.

How much did TEND3 pay in dividends in 2025?

TEND3 paid R$0.58 per share in 2025, a dividend yield of 2.36%.

When is the next TEND3 dividend?

The next announced payment is R$0.64 per share on 30/12/2026.

What are the P/E and P/B of TEND3?

TEND3 trades at a P/E of 5.72 and a P/B of 2.15.

How much did TEND3 return in 12 months?

TEND3 returned 20.77% in 12 months, with annualised volatility of 43.00% and a largest drawdown of -24.70%.

What sector is TEND3 in?

Construtora Tenda is in the Construção e Imobiliário sector, Incorporações segment.