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B3 · BRL

TGMA3

Tegma Gestao Logistica S.A.

R$38.26+4.59% (R$1.68)
Day's range
R$36.86 – R$38.27
Day's volume
R$17.8m
52-week range
R$26.95 – R$40.89

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See how TGMA3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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TGMA3 in numbers

Market cap
R$2.5bn
P/E
9.94
P/B
2.54
Dividend yield (12m)
9.49%
Net debt/EBITDA
0.07

The 12-month dividend yield of TGMA3 is 9.49%, above its 5-year average of 7.67%.

TGMA3 price history

01/10/202501/10/2026
Compare with

TGMA3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+14.52%+103.19%+271.76%
Volatility (annualised)32.10%24.74%32.00%
Largest drawdown-24.46%-24.46%-24.46%
Positive months8/1225/3638/60

How much did investing in TGMA3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$3,767.84 today.

Value today in TGMA3
R$3,767.84
Return over the period
+276.78%
Return per year
+30.39%
In the Ibovespa
R$1,799.79

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

TGMA3 fundamentals

Valuation

  • P/E
    9.94
  • P/B
    2.54
  • EV/EBITDA
    6.45
  • EV/EBIT
    7.06
  • EV/Revenue
    1.00
  • P/EBIT
    6.98
  • P/S
    0.99
  • P/OCF
    12.69
  • P/FCF
    22.84
  • Earnings yield
    14.17%
  • PEG ratio
    —
  • Earnings per share
    R$3.85
  • Book value per share
    R$15.06

Debt

  • Net debt
    R$27.3m
  • Net debt/EBITDA
    0.07
  • Net debt/Equity
    0.03
  • Debt/Equity
    0.23
  • Current ratio
    2.22
  • Quick ratio
    2.21
  • Cash ratio
    0.56

Efficiency

  • Gross margin
    18.75%
  • EBITDA margin
    15.58%
  • Operating margin
    14.23%
  • Net margin
    10.14%
  • Asset turnover
    1.64

Profitability

  • ROE
    25.55%
  • ROA
    16.62%
  • ROIC
    24.63%
  • Payout
    94.32%

Growth

  • Revenue CAGR (5 years)
    18.49%
  • Earnings CAGR (5 years)
    19.75%
  • Revenue growth (year)
    6.47%
  • Earnings growth (year)
    -9.95%
  • Revenue growth (quarter)
    13.44%
  • Earnings growth (quarter)
    -9.33%

What is TGMA3's fair price?

Two classic value formulas, with today's numbers. The current price is R$38.26.

Graham's fair price
R$36.11
5.61% below the price

√(22.50 × R$3.85 × R$15.06)

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$35.86
6.28% below the price

R$2.15 (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.

TGMA3 indicators by year

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

Indicator20252024202320222021202020192018
P/E10.057.0010.298.039.4424.1812.8116.77
P/B2.802.052.231.671.502.854.323.75
EV/EBITDA7.064.627.205.577.1713.8810.0110.89
Dividend yield11.98%9.47%6.04%5.79%5.08%1.26%4.17%4.16%
Earnings per shareR$3.68R$4.09R$2.75R$2.41R$1.64R$1.12R$2.94R$1.64
Book value per shareR$13.22R$13.96R$12.67R$11.62R$10.32R$9.48R$8.71R$7.34
ROE27.86%29.28%21.69%20.77%15.87%11.77%33.73%22.35%
ROIC24.44%30.84%22.54%21.10%15.07%12.48%22.86%17.46%
Gross margin19.28%21.58%19.69%20.04%18.66%19.78%21.29%20.58%
EBITDA margin16.09%18.89%15.84%16.29%14.83%12.81%19.92%14.57%
Net margin10.92%12.91%11.46%11.62%10.73%7.28%14.40%8.63%
Net debt/EBITDA0.25-0.16-0.24-0.160.340.150.750.96

TGMA3 financial statements

Line202520242023202220212020
Net revenueR$2.2bnR$2.1bnR$1.6bnR$1.4bnR$1bnR$1bn
Cost of sales-R$1.8bn-R$1.6bn-R$1.3bn-R$1.1bn-R$819.4m-R$811.9m
Gross profitR$429.2mR$451mR$311.8mR$274.7mR$187.9mR$200.1m
EBITDAR$358.1mR$394.8mR$250.9mR$223.3mR$149.4mR$129.6m
EBITR$326.9mR$368.7mR$226.5mR$201.2mR$127.4mR$106.2m
Net finance resultR$11.5mR$8.8mR$8.9mR$6.7m-R$3m-R$9.2m
Profit before taxR$338.4mR$377.5mR$235.5mR$207.9mR$124.4mR$97.1m
Income tax-R$95.4m-R$106.9m-R$53.6m-R$48.2m-R$16.6m-R$23.5m
Net incomeR$243mR$269.8mR$181.4mR$159.3mR$108.1mR$73.6m

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

TGMA3 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
TGMA3Tegma Gestao Logistica9.942.549.49%25.55%R$2.5bn
MOTV3MOTIVA INFRAESTRUTURA DE MOBILIDADE S.A.8.731.915.56%21.85%R$33.8bn
RAIL3RUMO S.A.24.682.090.67%8.48%R$30.3bn

Does TGMA3 pay dividends?

Dividend yield per year

  • 1.71%2017
  • 4.16%2018
  • 4.17%2019
  • 1.26%2020
  • 5.08%2021
  • 5.79%2022
  • 6.04%2023
  • 9.47%2024
  • 11.98%2025
  • 3.02%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend06/08/202618/08/2026R$0.85
Interest on equity06/08/202618/08/2026R$0.29
Dividend02/12/202529/12/2025R$1.52
Dividend06/11/202518/11/2025R$0.79
Interest on equity06/11/202518/11/2025R$0.18
Dividend07/08/202519/08/2025R$1.21
Interest on equity07/08/202519/08/2025R$0.14
Interest on equity09/04/202523/04/2025R$0.15
Dividend09/04/202523/04/2025R$0.44
Interest on equity07/11/202421/11/2024R$0.19
Dividend07/11/202421/11/2024R$0.58
Interest on equity08/08/202421/08/2024R$0.10
See all 83 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/08/202421/08/2024R$1.12
Interest on equity11/04/202423/04/2024R$0.18
Dividend11/04/202423/04/2024R$0.54
Interest on equity09/11/202323/11/2023R$0.14
Dividend09/11/202323/11/2023R$0.40
Dividend08/08/202317/08/2023R$0.43
Interest on equity08/08/202317/08/2023R$0.14
Interest on equity12/04/202324/04/2023R$0.15
Dividend12/04/202324/04/2023R$0.45
Dividend08/11/202221/11/2022R$0.31
Interest on equity08/11/202221/11/2022R$0.10
Interest on equity08/08/202218/08/2022R$0.09
Dividend08/08/202218/08/2022R$0.28
Dividend13/04/202227/04/2022R$0.25
Interest on equity13/04/202227/04/2022R$0.08
Interest on equity09/11/202119/11/2021R$0.06
Dividend09/11/202119/11/2021R$0.19
Interest on equity09/08/202119/08/2021R$0.08
Dividend09/08/202119/08/2021R$0.25
Dividend13/04/202127/04/2021R$0.14
Interest on equity13/04/202127/04/2021R$0.05
Interest on equity11/11/202024/11/2020R$0.09
Dividend11/11/202024/11/2020R$0.26
Dividend12/11/201926/11/2019R$0.52
Interest on equity12/11/201926/11/2019R$0.17
Interest on equity04/09/201916/09/2019R$0.11
Dividend04/09/201916/09/2019R$0.34
Interest on equity24/04/201907/05/2019R$0.11
Dividend24/04/201907/05/2019R$0.32
Interest on equity13/11/201826/11/2018R$0.06
Dividend13/11/201826/11/2018R$0.18
Interest on equity10/08/201822/08/2018R$0.08
Dividend10/08/201822/08/2018R$0.24
Interest on equity20/04/201804/05/2018R$0.17
Dividend20/04/201804/05/2018R$0.42
Dividend09/11/201722/11/2017R$0.06
Interest on equity09/11/201722/11/2017R$0.06
Dividend09/08/201721/08/2017R$0.22
Dividend31/08/201510/09/2015R$0.08
Dividend29/04/201412/05/2014R$0.26
Dividend12/11/201327/11/2013R$0.15
Interest on equity12/11/201327/11/2013R$0.08
Dividend16/08/201328/08/2013R$0.14
Interest on equity16/08/201328/08/2013R$0.09
Dividend30/04/201313/05/2013R$0.45
Interest on equity08/11/201223/11/2012R$0.14
Dividend08/11/201223/11/2012R$0.12
Dividend17/08/201230/08/2012R$0.15
Interest on equity17/08/201230/08/2012R$0.11
Dividend10/04/201220/04/2012R$0.45
Dividend08/11/201123/11/2011R$0.15
Interest on equity08/11/201123/11/2011R$0.12
Dividend11/08/201125/08/2011R$0.15
Interest on equity11/08/201125/08/2011R$0.12
Dividend04/04/201118/04/2011R$0.45
Dividend04/11/201026/11/2010R$0.14
Interest on equity04/11/201026/11/2010R$0.11
Interest on equity04/08/201018/08/2010R$0.14
Dividend04/08/201018/08/2010R$0.11
Dividend20/04/201030/04/2010R$0.45
Dividend28/10/200912/11/2009R$0.15
Dividend13/08/200924/08/2009R$0.30
Dividend30/04/200912/05/2009R$0.19
Dividend09/03/200918/03/2009R$0.18
Dividend13/10/200822/10/2008R$0.23
Dividend27/08/200805/09/2008R$0.22
Dividend23/04/200805/05/2008R$0.09
Dividend17/03/200826/03/2008R$0.31
Dividend09/11/200721/11/2007R$0.11
Dividend28/04/2017—R$0.12
Dividend10/08/2007—R$0.11

About Tegma Gestao Logistica

Sector
Bens Industriais
Segment
Transporte Rodoviário
Listing segment
Novo Mercado
Tag along
100.00%
Free float
48.47%
Shares issued
66m ordinary
Average daily trading
R$9m
Listed since
03/07/2007
CNPJ
02.351.144/0001-18

Tegma Logística S.A. é uma empresa brasileira de logística e distribuição, especializada em serviços de transporte, armazenagem e distribuição de cargas. Fundada em 1992, a Tegma é uma das principais empresas de logística do Brasil, operando uma rede de centros de distribuição e frotas de transporte em múltiplos estados. A companhia oferece serviços integrados de logística, incluindo transporte rodoviário, armazenagem, distribuição e serviços de valor agregado. A Tegma é um importante player na cadeia logística brasileira, operando com foco em eficiência, confiabilidade e inovação. Com receita anual superior a R$ 1,2 bilhão, a companhia é uma das maiores operadoras logísticas do Brasil, movimentando milhões de toneladas de cargas anualmente. A empresa está comprometida com modernização de sua frota, adoção de tecnologias sustentáveis e melhoria contínua de seus serviços logísticos.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
MOPIA PARTICIPAÇÕES E EMPREENDIMENTOS S.A.Controlling24.10%0.00%24.10%
Coimex Empreendimentos e Participações Ltda.Controlling20.01%0.00%20.01%
TPE GESTORA DE RECURSOS LTDA16.76%0.00%16.76%
Kayne Anderson Rudnick Investment Management, LLC9.30%0.00%9.30%
CABANA EMPREENDIMENTOS E PARTICIPAÇÕES LTDAControlling7.30%0.00%7.30%
Outono Participações Societárias Ltda.0.01%0.00%0.01%
MARIA THEREZA MOREIRA FRANCOControlling0.00%0.00%0.00%
Outros22.43%0.00%22.43%
Ações Tesouraria0.10%0.00%0.10%

Questions about TGMA3

How much is TGMA3 today?

TGMA3 is at R$38.26 (4.59% on the day), last traded on 01/10/2026.

How much did TGMA3 pay in dividends in 2025?

TGMA3 paid R$4.43 per share in 2025, a dividend yield of 11.98%.

What are the P/E and P/B of TGMA3?

TGMA3 trades at a P/E of 9.94 and a P/B of 2.54.

How much did TGMA3 return in 12 months?

TGMA3 returned 14.52% in 12 months, with annualised volatility of 32.10% and a largest drawdown of -24.46%.

What sector is TGMA3 in?

Tegma Gestao Logistica is in the Bens Industriais sector, Transporte Rodoviário segment.