B3 · BRL

VIVA3

Vivara Participacoes SA

R$23.67+0.30% (R$0.07)
Day's range
R$23.32 – R$24.09
Day's volume
R$47.4m
52-week range
R$20.04 – R$36.65

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VIVA3 in numbers

Market cap
R$5.6bn
P/E
9.54
P/B
1.76
Dividend yield (12m)
2.95%
Net debt/EBITDA
0.11

The 12-month dividend yield of VIVA3 is 2.95%, above its 5-year average of 1.83%.

VIVA3 price history

01/10/202501/10/2026
Compare with

VIVA3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-22.53%-0.37%+1.03%
Volatility (annualised)33.85%39.84%35.87%
Largest drawdown-36.50%-49.37%-49.37%
Positive months6/1218/3630/60

How much did investing in VIVA3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$1,010.34 today.

Value today in VIVA3
R$1,010.34
Return over the period
+1.03%
Return per year
+0.21%
In the Ibovespa
R$1,808.65

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

VIVA3 fundamentals

Valuation

  • P/E
    9.54
  • P/B
    1.76
  • EV/EBITDA
    6.39
  • EV/EBIT
    7.73
  • EV/Revenue
    1.80
  • P/EBIT
    7.59
  • P/S
    1.77
  • P/OCF
    10.91
  • P/FCF
    13.17
  • Earnings yield
    12.94%
  • PEG ratio
    —
  • Earnings per share
    R$2.48
  • Book value per share
    R$13.48

Debt

  • Net debt
    R$101.7m
  • Net debt/EBITDA
    0.11
  • Net debt/Equity
    0.03
  • Debt/Equity
    0.16
  • Current ratio
    4.19
  • Quick ratio
    2.14
  • Cash ratio
    0.55

Efficiency

  • Gross margin
    70.04%
  • EBITDA margin
    28.21%
  • Operating margin
    23.33%
  • Net margin
    18.52%
  • Asset turnover
    0.65

Profitability

  • ROE
    18.40%
  • ROA
    11.98%
  • ROIC
    22.41%
  • Payout
    28.13%

Growth

  • Revenue CAGR (5 years)
    23.64%
  • Earnings CAGR (5 years)
    22.26%
  • Revenue growth (year)
    17.44%
  • Earnings growth (year)
    -5.19%
  • Revenue growth (quarter)
    13.80%
  • Earnings growth (quarter)
    -12.92%

What is VIVA3's fair price?

Two classic value formulas, with today's numbers. The current price is R$23.67.

Graham's fair price
R$27.43
15.88% above the price

√(22.50 × R$2.48 × R$13.48)

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$8.61
63.63% below the price

R$0.52 (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.

VIVA3 indicators by year

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

Indicator2025202420232022202120202019
P/E12.676.9621.9114.6820.3147.4426.66
P/B2.661.824.183.204.355.946.31
EV/EBITDA9.085.5613.7810.6216.0625.8720.84
Dividend yield4.08%1.94%1.06%1.47%0.62%0.57%—
Earnings per shareR$2.62R$2.77R$1.56R$1.53R$1.26R$0.62R$1.09
Book value per shareR$12.49R$10.57R$8.19R$7.02R$5.90R$4.96R$4.61
ROE21.00%26.17%19.10%21.77%21.43%12.52%23.67%
ROIC23.57%26.16%21.84%24.00%24.22%17.95%25.77%
Gross margin69.55%70.23%69.32%68.89%67.61%68.49%71.20%
EBITDA margin29.05%32.52%26.74%26.59%24.99%25.14%42.96%
Net margin20.47%25.35%16.88%19.57%20.36%14.00%34.41%
Net debt/EBITDA0.150.14-0.06-0.18-0.48-0.56-0.51

VIVA3 financial statements

Line202520242023202220212020
Net revenueR$3bnR$2.6bnR$2.2bnR$1.8bnR$1.5bnR$1bn
Cost of sales-R$921.5m-R$767.1m-R$670.9m-R$573.5m-R$474.9m-R$330.1m
Gross profitR$2.1bnR$1.8bnR$1.5bnR$1.3bnR$991.5mR$717.5m
EBITDAR$879.2mR$838.1mR$584.7mR$490.3mR$366.5mR$263.4m
EBITR$726.3mR$683.6mR$450.6mR$376.4mR$294.7mR$205.1m
Net finance result-R$138.5m-R$57.3m-R$49.8m-R$45.3m-R$31.5m-R$41.5m
Profit before taxR$587.8mR$626.2mR$400.8mR$331mR$263.2mR$163.5m
Income taxR$31.7mR$27.2m-R$31.6mR$29.8mR$35.3m-R$16.9m
Net incomeR$619.5mR$653.4mR$369.2mR$360.9mR$298.5mR$146.7m

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

VIVA3 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
VIVA3Vivara Participaçoes9.541.762.95%18.40%R$5.6bn
WHRL4WHIRLPOOL S.A.18.302.739.03%14.89%R$5.1bn
WHRL3WHIRLPOOL S.A.17.022.539.37%14.89%R$5.1bn
MRVE3MRV ENGENHARIA E PARTICIPACOES S.A.-5.330.670.00%-12.58%R$3.1bn
TRIS3TRISUL S.A.6.290.7819.31%12.42%R$1.2bn
TECN3TECHNOS S.A.5.061.234.00%24.27%R$616.8m

Does VIVA3 pay dividends?

Dividend yield per year

  • 0.57%2020
  • 0.62%2021
  • 1.47%2022
  • 1.06%2023
  • 1.94%2024
  • 4.08%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend19/12/202530/12/2025R$0.70
Dividend22/04/202522/05/2025R$0.66
Dividend29/04/202428/05/2024R$0.37
Dividend27/04/202326/05/2023R$0.36
Dividend29/04/202214/05/2022R$0.05
Interest on equity27/12/202113/05/2022R$0.28
Dividend30/04/202114/05/2021R$0.05
Interest on equity29/12/202014/05/2021R$0.11
Interest on equity27/12/201915/12/2020R$0.17

About Vivara Participaçoes

Sector
Consumo Cíclico
Segment
Acessórios
Listing segment
Novo Mercado
Tag along
100.00%
Free float
52.36%
Shares issued
236.2m ordinary
Average daily trading
R$64.3m
Ibovespa weight
0.11%
Listed since
10/10/2019
CNPJ
33.839.910/0001-11

Vivara S.A. é uma empresa brasileira varejista de joias e acessórios, especializada na venda de joias, relógios e acessórios de moda. Fundada em 1986, a Vivara é uma das principais redes varejistas de joias do Brasil, operando centenas de lojas em múltiplos estados. A companhia oferece produtos de marcas próprias e de terceiros, atendendo consumidores interessados em joias, relógios e acessórios de qualidade. A Vivara é um importante player no varejo de joias e acessórios do Brasil, operando com foco em qualidade de produtos e experiência do cliente. Com receita anual superior a R$ 1 bilhão, a companhia é uma das maiores redes varejistas de joias do Brasil, servindo milhões de clientes. A empresa está comprometida com inovação em sua oferta de produtos, expansão de sua presença no mercado e sustentabilidade em suas operações.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
NELSON KAUFMANControlling27.41%0.00%27.41%
MARINA KAUFMAN BUENO NETTOControlling13.92%0.00%13.92%
T. Rowe Price Associates, Inc.8.84%0.00%8.84%
Guepardo Investimentos Ltda.6.09%0.00%6.09%
NKAUFMAN EMPREENDIMENTOS IMOBILIÁRIOS LTDA.Controlling5.73%0.00%5.73%
Outros37.47%0.00%37.47%
Ações Tesouraria0.54%0.00%0.54%

Questions about VIVA3

How much is VIVA3 today?

VIVA3 is at R$23.67 (0.30% on the day), last traded on 01/10/2026.

How much did VIVA3 pay in dividends in 2025?

VIVA3 paid R$1.36 per share in 2025, a dividend yield of 4.08%.

What are the P/E and P/B of VIVA3?

VIVA3 trades at a P/E of 9.54 and a P/B of 1.76.

How much did VIVA3 return in 12 months?

VIVA3 returned -22.53% in 12 months, with annualised volatility of 33.85% and a largest drawdown of -36.50%.

What sector is VIVA3 in?

Vivara Participaçoes is in the Consumo Cíclico sector, Acessórios segment.