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B3 · BRL

VULC3

Vulcabras SA

R$13.58+1.04% (R$0.14)
Day's range
R$13.42 – R$13.82
Day's volume
R$29.9m
52-week range
R$12.72 – R$22.26

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See how VULC3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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VULC3 in numbers

Market cap
R$4.4bn
P/E
4.64
P/B
1.63
Dividend yield (12m)
23.75%
Net debt/EBITDA
1.38

The 12-month dividend yield of VULC3 is 23.75%, above its 5-year average of 14.81%.

VULC3 price history

01/10/202501/10/2026
Compare with

VULC3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-20.34%+7.41%+118.10%
Volatility (annualised)23.27%29.25%33.40%
Largest drawdown-33.22%-33.22%-33.22%
Positive months4/1216/3630/60

How much did investing in VULC3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$2,688.34 today.

Value today in VULC3
R$2,688.34
Return over the period
+168.83%
Return per year
+21.87%
In the Ibovespa
R$1,807.82

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

VULC3 fundamentals

Valuation

  • P/E
    4.64
  • P/B
    1.63
  • EV/EBITDA
    6.82
  • EV/EBIT
    8.20
  • EV/Revenue
    1.47
  • P/EBIT
    6.55
  • P/S
    1.18
  • P/OCF
    7.42
  • P/FCF
    11.29
  • Earnings yield
    12.19%
  • PEG ratio
    0.29
  • Earnings per share
    R$2.92
  • Book value per share
    R$8.34

Debt

  • Net debt
    R$1.1bn
  • Net debt/EBITDA
    1.38
  • Net debt/Equity
    0.42
  • Debt/Equity
    0.55
  • Current ratio
    2.96
  • Quick ratio
    1.84
  • Cash ratio
    0.40

Efficiency

  • Gross margin
    40.95%
  • EBITDA margin
    21.60%
  • Operating margin
    17.97%
  • Net margin
    24.89%
  • Asset turnover
    0.90

Profitability

  • ROE
    35.06%
  • ROA
    22.50%
  • ROIC
    17.84%
  • Payout
    110.29%

Growth

  • Revenue CAGR (5 years)
    19.19%
  • Earnings CAGR (5 years)
    35.43%
  • Revenue growth (year)
    16.79%
  • Earnings growth (year)
    104.49%
  • Revenue growth (quarter)
    13.67%
  • Earnings growth (quarter)
    16.12%

What is VULC3's fair price?

Two classic value formulas, with today's numbers. The current price is R$13.58.

Graham's fair price
R$23.42
72.50% above the price

√(22.50 × R$2.92 × R$8.34)

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$42.88
215.74% above the price

R$2.57 (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.

VULC3 indicators by year

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

Indicator20252024202320222021202020192018
P/E5.477.5111.036.447.0661.3315.5911.32
P/B2.632.032.741.771.631.722.051.83
EV/EBITDA8.686.278.636.186.1717.909.947.71
Dividend yield33.33%29.14%4.70%3.00%3.88%0.00%0.00%0.00%
Earnings per shareR$3.66R$2.07R$1.80R$1.91R$1.28R$0.13R$0.58R$0.62
Book value per shareR$7.63R$7.66R$7.26R$6.96R$5.52R$4.58R$4.42R$3.83
ROE48.01%27.00%24.80%27.45%23.13%2.81%13.16%16.16%
ROIC20.20%25.64%24.10%22.26%18.85%2.64%12.93%16.96%
Gross margin41.04%41.93%41.74%36.95%35.32%29.53%34.69%35.92%
EBITDA margin24.83%22.53%22.76%20.73%21.36%9.52%16.36%17.78%
Net margin32.73%18.69%17.56%18.52%16.81%2.68%10.52%12.18%
Net debt/EBITDA1.470.040.120.420.620.64-0.09-0.04

VULC3 financial statements

Line202520242023202220212020
Net revenueR$3.6bnR$3bnR$2.8bnR$2.5bnR$1.9bnR$1.2bn
Cost of sales-R$2.1bn-R$1.8bn-R$1.6bn-R$1.6bn-R$1.2bn-R$831m
Gross profitR$1.5bnR$1.3bnR$1.2bnR$937.4mR$659.4mR$348.2m
EBITDAR$884mR$686.8mR$641.2mR$525.8mR$398.9mR$112.2m
EBITR$753.1mR$580.5mR$542.5mR$443.6mR$325.7mR$36.3m
Net finance resultR$101.1mR$22.6m-R$4.8mR$41.3mR$12.5m-R$61k
Profit before taxR$854.1mR$603.1mR$537.7mR$484.9mR$338.1mR$36.2m
Income taxR$311.2m-R$33.3m-R$42.9m-R$14.9m-R$24.3m-R$4.7m
Net incomeR$1.2bnR$569.9mR$494.9mR$469.9mR$313.8mR$31.6m

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

VULC3 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
VULC3Vulcabras4.641.6323.75%35.06%R$4.4bn
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 VULC3 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 0.00%2018
  • 0.00%2019
  • 0.00%2020
  • 3.88%2021
  • 3.00%2022
  • 4.70%2023
  • 29.14%2024
  • 33.33%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend22/12/202530/12/2025R$0.65
Dividend15/12/202529/12/2025R$0.13
Dividend04/11/202515/12/2025R$2.20
Dividend17/11/202501/12/2025R$0.13
Dividend20/10/202503/11/2025R$0.13
Dividend17/09/202501/10/2025R$0.13
Dividend08/09/202522/09/2025R$1.10
Dividend14/08/202522/09/2025R$1.10
Dividend18/08/202501/09/2025R$0.13
Dividend17/07/202501/08/2025R$0.13
Dividend18/06/202501/07/2025R$0.13
Dividend20/05/202502/06/2025R$0.13
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend17/04/202502/05/2025R$0.13
Dividend18/03/202501/04/2025R$0.13
Dividend17/02/202506/03/2025R$0.13
Dividend21/01/202503/02/2025R$0.13
Dividend16/12/202402/01/2025R$0.13
Dividend18/11/202402/12/2024R$0.13
Dividend17/10/202401/11/2024R$0.13
Dividend19/09/202401/10/2024R$0.13
Dividend19/08/202402/09/2024R$0.13
Dividend12/08/202423/08/2024R$0.13
Dividend14/05/202429/05/2024R$0.15
Dividend25/01/202417/04/2024R$0.50
Dividend25/01/202317/04/2024R$0.50
Dividend13/03/202425/03/2024R$0.75
Dividend25/01/202408/02/2024R$1.00
Dividend25/01/202308/02/2024R$1.00
Dividend08/11/202324/11/2023R$0.15
Dividend13/10/202324/11/2023R$0.40
Dividend30/08/202314/09/2023R$0.15
Dividend22/05/202306/06/2023R$0.15
Dividend03/04/202314/04/2023R$0.08
Dividend10/11/202222/11/2022R$0.37
Dividend03/11/202112/11/2021R$0.35
Dividend25/04/201130/06/2011R$0.10
Dividend30/04/201031/05/2010R$0.39
Dividend01/06/200931/05/2010R$0.67
Dividend28/04/200813/06/2008R$0.14
Dividend11/05/200729/06/2007R$0.14
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation16/03/20161 for 4
Split05/01/20114 for 1
Share consolidation14/05/20071 for 100
Bonus shares27/02/1986200.00% in shares

About Vulcabras

Sector
Consumo Cíclico
Segment
Calçados
Listing segment
Novo Mercado
Tag along
100.00%
Free float
34.08%
Shares issued
317.98m ordinary
Average daily trading
R$23.4m
Listed since
20/07/1977
CNPJ
50.926.955/0001-42

Vulcabras S.A. é uma empresa brasileira fabricante de calçados, especializada na produção de sapatos, tênis e outros tipos de calçados. Fundada em 1954, a Vulcabras é uma das principais fabricantes de calçados do Brasil, operando com tecnologia avançada e design moderno. A companhia produz calçados para diversos segmentos, incluindo esportes, casual e profissional, atendendo mercados doméstico e internacional. A Vulcabras é um importante player na indústria de calçados do Brasil, operando com foco em inovação e qualidade de seus produtos. Com receita anual superior a R$ 1 bilhão, a companhia é uma das maiores fabricantes de calçados do Brasil e exporta seus produtos para diversos países. A empresa está comprometida com inovação em design, qualidade de fabricação e sustentabilidade ambiental em seus processos produtivos.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
PEDRO GRENDENE BARTELLEControlling20.97%0.00%20.97%
Gianpega Negócios e Participações S.A.Controlling15.82%0.00%15.82%
Gold Negócios e Participações S.A.Controlling7.46%0.00%7.46%
PEDRO BARTELLEControlling5.98%0.00%5.98%
ANDRÉ DE CAMARGO BARTELLEControlling5.17%0.00%5.17%
REAL INVESTOR ASSET MANAGEMENT LTDA5.14%0.00%5.14%
GUEPARDO INVESTIMENTOS LTDA5.11%0.00%5.11%
GABRIELLA DE CAMARGO BARTELLEControlling4.24%0.00%4.24%
GIOVANA BARTELLEControlling3.60%0.00%3.60%
L4E FUNDO DE INVESTIMENTO DE AÇÕES - INVESTIMENTO NO EXTERIORControlling0.76%0.00%0.76%
Outros24.54%0.00%24.54%
Ações Tesouraria1.22%0.00%1.22%

Questions about VULC3

How much is VULC3 today?

VULC3 is at R$13.58 (1.04% on the day), last traded on 01/10/2026.

How much did VULC3 pay in dividends in 2025?

VULC3 paid R$6.68 per share in 2025, a dividend yield of 33.33%.

What are the P/E and P/B of VULC3?

VULC3 trades at a P/E of 4.64 and a P/B of 1.63.

How much did VULC3 return in 12 months?

VULC3 returned -20.34% in 12 months, with annualised volatility of 23.27% and a largest drawdown of -33.22%.

What sector is VULC3 in?

Vulcabras is in the Consumo Cíclico sector, Calçados segment.