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B3 · BRL

TPIS3

TPI - Triunfo Participacoes e Investimentos SA

R$11.15+4.69% (R$0.50)
Day's range
R$10.30 – R$10.75
Day's volume
R$170.6k
52-week range
R$3.90 – R$11.50

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See how TPIS3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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TPIS3 in numbers

Market cap
R$469.5m
P/E
-1.27
P/B
0.98
Dividend yield (12m)
4.92%

The 12-month dividend yield of TPIS3 is 4.92%, above its 5-year average of 1.32%.

TPIS3 price history

01/10/202501/10/2026
Compare with

TPIS3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+185.76%+188.49%+25.80%
Volatility (annualised)79.95%57.41%56.36%
Largest drawdown-26.68%-39.51%-67.17%
Positive months9/1220/3629/60

How much did investing in TPIS3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$1,595.02 today.

Value today in TPIS3
R$1,595.02
Return over the period
+59.50%
Return per year
+9.79%
In the Ibovespa
R$1,794.34

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

TPIS3 fundamentals

Valuation

  • P/E
    -1.27
  • P/B
    0.98
  • EV/EBITDA
    -7.23
  • EV/EBIT
    -4.10
  • EV/Revenue
    2.17
  • P/EBIT
    -0.98
  • P/S
    0.52
  • P/OCF
    1.52
  • P/FCF
    1.96
  • Earnings yield
    -24.38%
  • PEG ratio
    —
  • Earnings per share
    -R$8.80
  • Book value per share
    R$11.40

Debt

  • Net debt
    R$1.5bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    3.17
  • Debt/Equity
    3.30
  • Current ratio
    0.22
  • Quick ratio
    0.22
  • Cash ratio
    0.07

Efficiency

  • Gross margin
    26.50%
  • EBITDA margin
    -30.04%
  • Operating margin
    -52.90%
  • Net margin
    -44.63%
  • Asset turnover
    0.42

Profitability

  • ROE
    -77.17%
  • ROA
    -18.72%
  • ROIC
    -24.27%
  • Payout
    —

Growth

  • Revenue CAGR (5 years)
    -1.17%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    -20.27%
  • Earnings growth (year)
    -1,184.86%
  • Revenue growth (quarter)
    -30.38%
  • Earnings growth (quarter)
    -2,018.14%

What is TPIS3's fair price?

Two classic value formulas, with today's numbers. The current price is R$11.15.

Graham's fair price
—
Does not apply to TPIS3: the formula needs positive earnings and book value.

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$1.12
89.95% below the price

R$0.07 (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.

TPIS3 indicators by year

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

Indicator20252024202320222021202020192018
P/E-0.6125.47-92.1618.9035.192.17-1.54-0.75
P/B0.491.000.820.170.410.450.400.28
EV/EBITDA—10.6829.354.864.703.506.6712.32
Dividend yield0.00%4.48%1.09%0.52%0.49%0.00%0.00%7.41%
Earnings per share-R$8.77R$0.20-R$0.05R$0.05R$0.06R$1.08-R$1.09-R$2.07
Book value per shareR$10.96R$5.16R$5.12R$5.21R$5.19R$5.19R$4.27R$5.50
ROE-80.02%3.92%-0.89%0.91%1.16%20.75%-25.64%-37.65%
ROIC-22.85%0.00%-0.39%0.58%0.00%6.43%-1.06%-2.61%
Gross margin28.90%34.33%19.28%29.66%12.77%9.07%11.81%29.92%
EBITDA margin-21.21%18.39%8.32%37.41%42.58%67.56%36.51%16.16%
Net margin-36.60%2.69%-0.78%0.75%1.01%19.54%-19.42%-30.48%
Net debt/EBITDA—6.9520.734.483.862.885.8510.90

TPIS3 financial statements

Line202520242023202220212020
Net revenueR$1.1bnR$1.3bnR$1bnR$1.1bnR$1bnR$969.1m
Cost of sales-R$749.9m-R$868.7m-R$832.2m-R$789.1m-R$914.4m-R$881.2m
Gross profitR$304.9mR$454.2mR$198.8mR$332.7mR$133.9mR$87.9m
EBITDA-R$223.7mR$243.3mR$85.7mR$419.6mR$446.4mR$654.7m
EBIT-R$460.1mR$59m-R$93.9mR$245.1mR$45.7mR$231.3m
Net finance resultR$0R$0R$0-R$149.9m-R$77.3m-R$14.5m
Profit before tax-R$460.1mR$59m-R$93.9mR$95.1m-R$31.6mR$216.8m
Income taxR$4.9m-R$83.6mR$83.4m-R$88.8mR$36.6m-R$48.2m
Net income-R$386.1mR$35.6m-R$8mR$8.4mR$10.6mR$189.4m

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

TPIS3 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
TPIS3Tpi - Triunfo Particip. E Invest.-1.270.984.92%-77.17%R$469.5m
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 TPIS3 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 7.41%2018
  • 0.00%2019
  • 0.00%2020
  • 0.49%2021
  • 0.52%2022
  • 1.09%2023
  • 4.48%2024
  • 0.00%2025
  • 5.14%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend30/12/202515/06/2026R$0.55
Dividend16/12/202427/12/2024R$0.23
Dividend27/04/202315/12/2023R$0.05
Dividend29/04/202229/06/2022R$0.02
Dividend30/04/202131/08/2021R$0.04
Dividend27/04/201820/08/2018R$0.19
Dividend29/04/201623/02/2018R$0.27
Dividend07/10/201530/12/2015R$0.06
Dividend30/04/201530/12/2015R$0.17
Dividend17/10/201324/10/2013R$0.36
Dividend18/10/201226/10/2012R$0.18
Dividend09/08/201230/08/2012R$0.14
See all 18 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend22/03/201230/04/2012R$0.01
Dividend11/08/201019/08/2010R$0.05
Dividend03/10/2011—R$0.14
Dividend28/03/2011—R$0.05
Dividend21/09/2010—R$0.08
Dividend05/03/2010—R$0.06
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation27/04/20231 for 4

About Tpi - Triunfo Particip. E Invest.

Sector
Infraestrutura
Segment
Exploração de Rodovias
Listing segment
Novo Mercado
Tag along
100.00%
Free float
42.10%
Shares issued
44m ordinary
Average daily trading
R$257.3k
Listed since
18/06/2007
CNPJ
03.014.553/0001-91

Triunfo Participações e Investimentos S.A. (TPI) é uma empresa brasileira de participações e investimentos, atuando como holding de diversos negócios em segmentos de agronegócio, energia e infraestrutura. A companhia gerencia um portfólio diversificado de empresas operacionais, buscando criar valor através de gestão eficiente e desenvolvimento de seus negócios. Triunfo atua como empresa de participações estratégicas, investindo em empresas com potencial de crescimento nos mercados em que atua. A Triunfo é um importante player no mercado de participações e investimentos brasileiro, operando com foco em agronegócio e infraestrutura. Com receita anual consolidada superior a R$ 1,5 bilhão, a companhia é um importante player em seus segmentos de atuação. A empresa está focada em criar sinergias entre suas operações e gerar retorno sustentável para seus acionistas através de gestão profissional de seus negócios.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
THP - TRIUNFO HOLDING PARTICIPAÇÕES S.AControlling54.97%0.00%54.97%
EXPLORADOR CAPITAL MANAGEMENT LLC9.99%0.00%9.99%
BNDES Participações S.A.5.09%0.00%5.09%
IPORANGA MACRO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO4.53%0.00%4.53%
RACHEL DE ALMEIDA AGUIARControlling0.40%0.00%0.40%
CARLO ALBERTO BOTTARELLI0.39%0.00%0.39%
WILSON PIOVEZANControlling0.28%0.00%0.28%
LEONARDO DE ALMEIDA AGUIARControlling0.07%0.00%0.07%
MARIA CANDIDA FERREIRA DE ALMEIDAControlling0.07%0.00%0.07%
MARIA LETICIA DE ALMEIDA AGUIARControlling0.07%0.00%0.07%
MARIA MARCIA DE ALMEIDA AGUIARControlling0.07%0.00%0.07%
MARIA TERESA DE ALMEIDA AGUIARControlling0.07%0.00%0.07%
MARIA VIRGINIA DE ALMEIDA AGUIARControlling0.07%0.00%0.07%
LUIZ FERNANDO WOLFF DE CARVALHOControlling0.05%0.00%0.05%
DORIVAL PAGANI JR.0.02%0.00%0.02%
Outros22.48%0.00%22.48%
Ações Tesouraria1.42%0.00%1.42%

Questions about TPIS3

How much is TPIS3 today?

TPIS3 is at R$11.15 (4.69% on the day), last traded on 01/10/2026.

How much did TPIS3 pay in dividends in 2025?

TPIS3 paid R$0.00 per share in 2025, a dividend yield of 0.00%.

What are the P/E and P/B of TPIS3?

TPIS3 trades at a P/E of -1.27 and a P/B of 0.98.

How much did TPIS3 return in 12 months?

TPIS3 returned 185.76% in 12 months, with annualised volatility of 79.95% and a largest drawdown of -26.68%.

What sector is TPIS3 in?

Tpi - Triunfo Particip. E Invest. is in the Infraestrutura sector, Exploração de Rodovias segment.