B3 · BRL

ALPA3

Alpargatas SA

R$10.21+2.82% (R$0.28)Updated 10/1/26, 2:16 AM

Day's range: R$10.21 – R$10.42
Day's volume: R$39.8K
52-week range: R$8.47 – R$13.49

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ALPA3 in numbers

Market cap: R$8.3B

P/E: 9.95

P/B: 1.93

Dividend yield (12m): 17.10%

Net debt/EBITDA: 0.53

The 12-month dividend yield of ALPA3 is 17.10%, above its 5-year average of 3.67%.

ALPA3 price history

10/01/202509/30/2026

Compare with

ALPA3 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+13.85%	+27.60%	-75.13%
Volatility (annualized)	37.36%	39.89%	39.92%
Largest drawdown	-31.06%	-46.25%	-86.72%
Positive months	5/12	15/36	20/60

How much did investing in ALPA3 return?

Amount invested

R$1,000.00 invested on 09/01/2021 would be worth R$248.69 today.

Value today in ALPA3: R$248.69

Return over the period: -75.13%

Return per year: -24.30%

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.

ALPA3 fundamentals

Valuation

P/E
9.95
P/B
1.93
EV/EBITDA
8.67
EV/EBIT
11.49
EV/Revenue
1.84
P/EBIT
10.78
P/S
1.73
P/OCF
10.57
P/FCF
16.59
Earnings yield
8.70%
PEG ratio
0.06
Earnings per share
R$1.03
Book value per share
R$5.30

Debt

Net debt
R$548.2M
Net debt/EBITDA
0.53
Net debt/Equity
0.15
Debt/Equity
0.35
Current ratio
1.91
Quick ratio
1.39
Cash ratio
0.45

Efficiency

Gross margin
52.96%
EBITDA margin
21.23%
Operating margin
16.02%
Net margin
14.52%
Asset turnover
0.77

Profitability

ROE
19.37%
ROA
11.15%
ROIC
17.80%
Payout
170.10%

Growth

Revenue CAGR (5 years)
4.18%
Earnings CAGR (5 years)
18.62%
Revenue growth (year)
11.11%
Earnings growth (year)
426.78%
Revenue growth (quarter)
10.86%
Earnings growth (quarter)
169.78%

What is ALPA3's fair price?

Two classic value formulas, with today's numbers. The current price is R$10.21.

Graham's fair price: R$11.06; 8.34% above the price

√(22.50 × R$1.03 × R$5.30)

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$6.96; 31.80% below the price

R$0.42 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

ALPA3's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	12.46	36.69	-3.82	66.92	26.44	159.81	59.17	29.02
P/B	2.13	0.98	1.91	1.41	5.26	7.42	5.93	3.90
EV/EBITDA	9.08	12.94	—	24.01	23.68	50.37	27.08	17.17
Dividend yield	16.32%	0.00%	0.00%	1.25%	0.80%	0.13%	0.00%	3.28%
Earnings per share	R$0.83	R$0.16	-R$2.73	R$0.18	R$1.17	R$0.24	R$0.47	R$0.56
Book value per share	R$4.87	R$5.91	R$5.46	R$8.43	R$5.90	R$5.13	R$4.65	R$4.20
ROE	17.11%	2.68%	-50.08%	2.11%	19.89%	4.64%	10.02%	13.42%
ROIC	14.85%	1.29%	-41.52%	2.13%	19.18%	10.68%	12.96%	14.54%
Gross margin	52.17%	43.15%	40.07%	46.10%	49.55%	52.34%	50.29%	43.87%
EBITDA margin	18.74%	7.33%	-47.61%	8.72%	18.99%	12.96%	15.85%	14.46%
Net margin	12.46%	2.63%	-49.99%	2.90%	17.46%	4.17%	7.38%	8.49%
Net debt/EBITDA	0.79	-0.22	—	1.72	-0.63	-1.03	-0.49	0.13

ALPA3's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$4.6B	R$4.1B	R$3.7B	R$4.2B	R$3.9B	R$3.4B
Cost of revenue	-R$2.2B	-R$2.3B	-R$2.2B	-R$2.3B	-R$2B	-R$1.6B
Gross profit	R$2.4B	R$1.8B	R$1.5B	R$1.9B	R$2B	R$1.8B
EBITDA	R$855.5M	R$301.1M	-R$1.8B	R$364.6M	R$750M	R$435.9M
EBIT	R$594.7M	R$51.2M	-R$2B	R$201.1M	R$619.2M	R$274.3M
Financial result	-R$37.1M	R$12.3M	-R$95.9M	R$69.8M	R$95.3M	-R$73.8M
Income before tax	R$557.6M	R$63.5M	-R$2.1B	R$271M	R$714.5M	R$200.4M
Income tax	R$10.3M	R$43.9M	R$217.4M	-R$87.2M	-R$51.9M	R$8.1M
Net income	R$568.8M	R$108M	-R$1.9B	R$121.5M	R$689.6M	R$140.2M

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

ALPA3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

Stock	P/E	P/B	Dividend yield (12m)	ROE	Market cap
ALPA3Alpargatas	9.95	1.93	17.10%	19.37%	R$8.3B
ALPA4ALPARGATAS S.A.	13.82	2.68	12.66%	19.37%	R$8.3B
ABEV3AMBEV S.A.	14.64	2.69	5.51%	18.40%	R$237.8B
MBRF3MBRF3	63.49	2.03	0.00%	3.20%	R$23.2B
NATU3NATURA COSMETICOS S.A.	-1.32	0.62	0.00%	-47.14%	R$9.3B
MDIA3M.DIAS BRANCO S.A. IND COM DE ALIMENTOS	8.56	0.65	5.83%	7.65%	R$5.6B

Does ALPA3 pay dividends?

Dividend yield per year

4.54%2017
3.28%2018
0.00%2019
0.13%2020
0.80%2021
1.25%2022
0.00%2023
0.00%2024
16.32%2025
1.46%2026

Payment history
Type	Last day to own	Payment	Per share
Interest on equity	12/16/2025	05/15/2026	R$0.15
Dividend	12/16/2025	12/30/2025	R$0.34
Other	11/18/2025	12/19/2025	R$1.25
Interest on equity	02/27/2025	05/20/2025	R$0.07
Dividend	02/27/2025	05/20/2025	R$0.02
Interest on equity	12/30/2021	12/21/2022	R$0.15
Interest on equity	11/03/2021	11/19/2021	R$0.02
Dividend	11/03/2021	11/19/2021	R$0.23
Dividend	02/14/2020	03/10/2020	R$0.05
Interest on equity	08/17/2018	09/18/2018	R$0.08
Interest on equity	05/18/2018	07/04/2018	R$0.07
Interest on equity	03/02/2018	04/18/2018	R$0.08

See all 94 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	02/21/2018	04/18/2018	R$0.20
Interest on equity	11/17/2017	12/13/2017	R$0.08
Interest on equity	08/11/2017	09/19/2017	R$0.08
Interest on equity	05/12/2017	07/12/2017	R$0.08
Interest on equity	03/17/2017	04/12/2017	R$0.08
Interest on equity	03/17/2017	04/12/2017	R$0.31
Interest on equity	11/11/2016	12/14/2016	R$0.13
Interest on equity	08/12/2016	10/05/2016	R$0.07
Interest on equity	05/13/2016	07/13/2016	R$0.04
Interest on equity	03/11/2016	04/13/2016	R$0.04
Dividend	12/07/2015	12/16/2015	R$0.19
Interest on equity	11/14/2014	12/17/2014	R$0.03
Interest on equity	08/16/2013	09/18/2013	R$0.05
Interest on equity	03/22/2013	04/17/2013	R$0.05
Dividend	03/22/2013	04/17/2013	R$0.06
Interest on equity	11/16/2012	12/12/2012	R$0.05
Interest on equity	08/10/2012	09/03/2012	R$0.05
Interest on equity	05/20/2011	07/04/2011	R$0.05
Interest on equity	08/20/2010	09/30/2010	R$0.04
Interest on equity	03/18/2010	04/30/2010	R$0.03
Interest on equity	11/19/2009	12/18/2009	R$0.27
Interest on equity	08/21/2009	10/14/2009	R$0.27
Interest on equity	05/22/2009	08/28/2009	R$0.27
Interest on equity	03/20/2009	05/29/2009	R$0.80
Interest on equity	08/25/2008	12/23/2008	R$0.75
Interest on equity	03/24/2008	03/31/2008	R$0.75
Interest on equity	11/22/2007	12/06/2007	R$0.65
Interest on equity	08/21/2007	10/03/2007	R$0.63
Interest on equity	05/18/2007	06/29/2007	R$0.64
Interest on equity	03/09/2007	03/30/2007	R$0.63
Dividend	03/09/2007	03/30/2007	R$0.13
Interest on equity	11/22/2006	11/29/2006	R$0.58
Interest on equity	08/21/2006	08/31/2006	R$0.54
Interest on equity	05/10/2006	07/12/2006	R$0.71
Interest on equity	04/04/2006	05/05/2006	R$0.71
Dividend	03/03/2006	04/12/2006	R$0.09
Interest on equity	11/10/2005	11/30/2005	R$0.46
Interest on equity	08/24/2005	09/14/2005	R$0.76
Interest on equity	07/08/2005	07/14/2005	R$0.67
Interest on equity	05/13/2005	06/01/2005	R$0.01
Interest on equity	12/23/2004	04/05/2005	R$0.00
Interest on equity	11/16/2004	02/23/2005	R$0.01
Interest on equity	08/11/2004	10/06/2004	R$0.00
Interest on equity	05/10/2004	08/10/2004	R$0.00
Dividend	02/26/2004	04/05/2004	R$0.00
Interest on equity	12/29/2003	04/05/2004	R$0.01
Interest on equity	08/14/2003	10/06/2003	R$0.00
Dividend	03/20/2003	04/04/2003	R$0.01
Interest on equity	12/13/2002	01/10/2003	R$0.01
Dividend	03/28/2002	04/15/2002	R$0.00
Dividend	08/17/2001	09/05/2001	R$0.00
Dividend	03/23/2001	04/04/2001	R$0.01
Dividend	08/25/2000	09/05/2000	R$0.00
Dividend	04/14/2000	05/02/2000	R$0.01
Interest on equity	11/19/2015	—	R$0.06
Dividend	09/30/2015	—	R$0.16
Interest on equity	09/04/2015	—	R$0.06
Interest on equity	05/15/2015	—	R$0.06
Dividend	03/13/2015	—	R$0.30
Interest on equity	03/13/2015	—	R$0.06
Interest on equity	08/15/2014	—	R$0.05
Interest on equity	05/16/2014	—	R$0.05
Interest on equity	03/21/2014	—	R$0.05
Dividend	03/21/2014	—	R$0.07
Interest on equity	11/14/2013	—	R$0.05
Interest on equity	05/17/2013	—	R$0.05
Interest on equity	05/11/2012	—	R$0.05
Interest on equity	03/19/2012	—	R$0.06
Interest on equity	11/18/2011	—	R$0.05
Interest on equity	08/19/2011	—	R$0.06
Dividend	03/25/2011	—	R$0.07
Interest on equity	03/25/2011	—	R$0.05
Interest on equity	11/19/2010	—	R$0.04
Interest on equity	05/21/2010	—	R$0.05
Interest on equity	11/21/2008	—	R$0.71
Interest on equity	05/23/2008	—	R$0.44
Interest on equity	05/23/2008	—	R$0.24
Dividend	11/19/1999	—	R$0.00
Dividend	03/19/1999	—	R$0.00
Dividend	08/31/1998	—	R$0.00
Dividend	04/25/1997	—	R$0.00
Dividend	02/28/1996	—	R$0.00

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Bonus shares	03/20/2019	25.00% in shares
Split	04/24/2014	11 for 10
Split	04/25/2013	11 for 10
Split	04/26/2012	11 for 10
Split	02/24/2010	20 for 1
Reverse split	06/08/2005	1 for 100

About Alpargatas

Sector: Consumo Cíclico
Segment: Calçados
Listing segment: Level 1
Tag along: 80.00%
Free float: 20.06%
Shares issued: 339.51M common · 343.55M preferred
Average daily trading: R$94.6K
Listed since: 07/20/1977
CNPJ: 61.079.117/0001-05

A Alpargatas S.A. (ALPA3) é uma companhia brasileira de bens de consumo com atuação histórica em calçados e marcas de lifestyle, com presença relevante no mercado doméstico e operações internacionais. A empresa desenvolve, produz e distribui produtos por canais físicos e digitais, incluindo varejo próprio, franquias, atacado e e-commerce. O portfólio é concentrado em marcas reconhecidas e depende de gestão de coleção, posicionamento de preço e eficiência da cadeia de suprimentos. No setor de consumo cíclico, a performance operacional é sensível a renda disponível, comportamento de compra, câmbio e custos de matérias-primas e frete. A companhia enfrenta concorrência de marcas locais e globais e precisa equilibrar crescimento de volume, margem e investimento em marca. O modelo de negócio combina escala industrial, distribuição multicanal e expansão internacional seletiva, com foco em rentabilidade e giro de capital em uma indústria de moda e calçados de alta dinâmica competitiva.

Investor website

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
Itaúsa S.A.Controlling	43.67%	16.37%	29.94%
Cambuhy Alpa Holding LtdaControlling	35.80%	11.88%	23.77%
SILVIO TINI DE ARAÚJO	6.01%	8.38%	7.20%
MS ALPA PARTICIPAÇÕES LTDAControlling	0.00%	12.15%	6.11%
BONSUCEX HOLDING S.A.	3.86%	8.24%	6.06%
Alpa Fundo de Investimentos em AçõesControlling	7.87%	1.80%	4.82%
Outros	2.79%	40.07%	21.54%
Ações Tesouraria	0.00%	1.12%	0.57%

Questions about ALPA3

How much is ALPA3 today?

ALPA3 is at R$10.21 (2.82% on the day), last traded on 10/01/2026.

How much did ALPA3 pay in dividends in 2025?

ALPA3 paid R$1.69 per share in 2025, a dividend yield of 16.32%.

What are the P/E and P/B of ALPA3?

ALPA3 trades at a P/E of 9.95 and a P/B of 1.93.

How much did ALPA3 return in 12 months?

ALPA3 returned 13.85% in 12 months, with annualized volatility of 37.36% and a largest drawdown of -31.06%.

What sector is ALPA3 in?

Alpargatas is in the Consumo Cíclico sector, Calçados segment.