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B3 · BRL

VSTE3

Veste S.A. Estilo

R$2.67+3.49% (R$0.09)
Day's range
R$2.54 – R$2.67
Day's volume
R$55.3k
52-week range
R$2.00 – R$5.24

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See how VSTE3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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VSTE3 in numbers

Market cap
R$305.7m
P/E
6.44
P/B
0.28
Dividend yield (12m)
1.90%
Net debt/EBITDA
1.22

The 12-month dividend yield of VSTE3 is 1.90%, above its 5-year average of 0.25%.

VSTE3 price history

01/10/202530/09/2026
Compare with

VSTE3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-51.38%-83.12%-84.41%
Volatility (annualised)45.68%49.95%52.00%
Largest drawdown-53.32%-87.61%-87.61%
Positive months4/1212/3624/60

How much did investing in VSTE3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$155.89 today.

Value today in VSTE3
R$155.89
Return over the period
-84.41%
Return per year
-31.05%
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.

VSTE3 fundamentals

Valuation

  • P/E
    6.44
  • P/B
    0.28
  • EV/EBITDA
    2.25
  • EV/EBIT
    5.63
  • EV/Revenue
    0.51
  • P/EBIT
    2.58
  • P/S
    0.23
  • P/OCF
    1.09
  • P/FCF
    2.11
  • Earnings yield
    17.78%
  • PEG ratio
    0.00
  • Earnings per share
    R$0.41
  • Book value per share
    R$9.51

Debt

  • Net debt
    R$361.9m
  • Net debt/EBITDA
    1.22
  • Net debt/Equity
    0.33
  • Debt/Equity
    0.36
  • Current ratio
    1.48
  • Quick ratio
    0.80
  • Cash ratio
    0.09

Efficiency

  • Gross margin
    64.93%
  • EBITDA margin
    22.77%
  • Operating margin
    9.12%
  • Net margin
    3.65%
  • Asset turnover
    0.76

Profitability

  • ROE
    4.36%
  • ROA
    2.78%
  • ROIC
    8.10%
  • Payout
    12.23%

Growth

  • Revenue CAGR (5 years)
    12.93%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    10.74%
  • Earnings growth (year)
    3,570.53%
  • Revenue growth (quarter)
    12.25%
  • Earnings growth (quarter)
    8,908.16%

What is VSTE3's fair price?

Two classic value formulas, with today's numbers. The current price is R$2.67.

Graham's fair price
R$9.42
252.79% above the price

√(22.50 × R$0.41 × R$9.51)

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$0.55
79.45% below the price

R$0.03 (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.

VSTE3 indicators by year

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

Indicator20252024202320222021202020192018
P/E18.501,341.0699.114.16-0.11-0.16-5.8512.89
P/B0.420.852.190.25-0.171.190.490.60
EV/EBITDA3.206.2113.201.51——37.818.44
Dividend yield0.04%0.61%0.58%0.00%0.00%0.00%0.36%0.45%
Earnings per shareR$0.21R$0.01R$0.20R$0.49-R$11.68-R$29.12-R$2.80R$2.01
Book value per shareR$9.32R$9.12R$9.06R$8.25-R$7.66R$4.02R$33.15R$43.14
ROE2.29%0.06%2.21%5.91%152.41%-724.31%-8.46%4.65%
ROIC5.88%0.00%0.00%0.00%-23.79%-37.86%-1.49%5.69%
Gross margin63.67%63.27%65.67%61.96%52.20%49.28%47.52%63.69%
EBITDA margin21.26%19.44%18.18%35.96%-59.94%-177.17%8.65%28.18%
Net margin1.98%0.06%2.05%5.19%-91.83%-334.84%-20.23%8.32%
Net debt/EBITDA1.482.082.020.91——24.124.64

VSTE3 financial statements

Line202520242023202220212020
Net revenueR$1.2bnR$1.1bnR$1.1bnR$1.1bnR$875.9mR$598.8m
Cost of sales-R$447.2m-R$408.3m-R$381m-R$405.4m-R$418.7m-R$303.7m
Gross profitR$783.7mR$703.3mR$728.8mR$660.5mR$457.2mR$295.1m
EBITDAR$261.7mR$216.1mR$201.8mR$383.3m-R$525m-R$1.1bn
EBITR$85.4mR$43.4mR$32.5mR$213.8m-R$677.5m-R$1.3bn
Net finance result-R$61m-R$54.1m-R$83m-R$245.3m-R$159.8m-R$125.6m
Profit before taxR$24.4m-R$10.6m-R$50.5m-R$31.5m-R$837.3m-R$1.4bn
Income taxR$0R$11.3mR$73.3mR$86.8mR$33m-R$623.8m
Net incomeR$24.4mR$665kR$22.8mR$55.3m-R$804.3m-R$2bn

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

VSTE3 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
VSTE3Estilo6.440.281.90%4.36%R$305.7m
ABEV3AMBEV S.A.14.642.695.51%18.40%R$237.8bn
MBRF3MBRF363.492.030.00%3.20%R$23.2bn
NATU3NATURA COSMETICOS S.A.-1.320.620.00%-47.14%R$9.3bn
ALPA4ALPARGATAS S.A.13.822.6812.66%19.37%R$8.3bn
ALPA3ALPARGATAS S.A.9.951.9317.10%19.37%R$8.3bn
MDIA3M.DIAS BRANCO S.A. IND COM DE ALIMENTOS8.560.655.83%7.65%R$5.6bn

Does VSTE3 pay dividends?

Dividend yield per year

  • 0.45%2018
  • 0.36%2019
  • 0.00%2020
  • 0.00%2021
  • 0.00%2022
  • 0.58%2023
  • 0.61%2024
  • 0.04%2025
  • 1.90%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend28/04/202629/05/2026R$0.05
Dividend30/04/202530/05/2025R$0.00
Dividend26/04/202431/05/2024R$0.05
Dividend04/05/202327/12/2023R$0.12
Dividend30/04/201910/05/2019R$0.48
Dividend30/04/201814/08/2018R$0.94
Dividend21/11/2014—R$0.23
Dividend15/03/2013—R$0.06
Dividend10/01/2012—R$0.18
Other21/12/2010—R$0.35
Dividend16/08/2010—R$0.13
Dividend17/05/2010—R$0.05
See all 15 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend30/04/2010—R$0.01
Dividend18/11/2009—R$0.10
Dividend30/04/2009—R$0.26
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation09/02/20231 for 8
Share consolidation05/06/20171 for 7
Split16/05/20123 for 1

About Estilo

Sector
Consumo Cíclico
Segment
Tecidos. Vestuário e Calçados
Listing segment
Novo Mercado
Tag along
100.00%
Free float
99.19%
Shares issued
114.5m ordinary
Average daily trading
R$144.5k
Listed since
29/04/2008
CNPJ
49.669.856/0001-43

Veste S.A. (Le Lis Blanc) é uma empresa brasileira varejista de moda, especializada na venda de roupas, acessórios e produtos de moda feminina. Fundada em 1990, a Veste é uma das principais redes varejistas de moda do Brasil, operando centenas de lojas em múltiplos estados. A companhia oferece produtos de marcas próprias, atendendo consumidoras interessadas em moda de qualidade e estilo. A Veste é um importante player no varejo de moda do Brasil, operando com foco em qualidade de produtos e experiência do cliente. Com receita anual superior a R$ 800 milhões, a companhia é uma das maiores redes varejistas de moda 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
Banco BTG Pactual S.A.49.60%0.00%49.60%
KAMARI PARTICIPAÇÕES S.A.14.99%0.00%14.99%
PATRIMONIAL GESTÃO DE RECURSOS LTDA.13.79%0.00%13.79%
Porto Empreendimentos E Participações S.A.8.43%0.00%8.43%
Outros13.19%0.00%13.19%

Questions about VSTE3

How much is VSTE3 today?

VSTE3 is at R$2.67 (3.49% on the day), last traded on 01/10/2026.

How much did VSTE3 pay in dividends in 2025?

VSTE3 paid R$0.00 per share in 2025, a dividend yield of 0.04%.

What are the P/E and P/B of VSTE3?

VSTE3 trades at a P/E of 6.44 and a P/B of 0.28.

How much did VSTE3 return in 12 months?

VSTE3 returned -51.38% in 12 months, with annualised volatility of 45.68% and a largest drawdown of -53.32%.

What sector is VSTE3 in?

Estilo is in the Consumo Cíclico sector, Tecidos. Vestuário e Calçados segment.