B3 · BRL
ALUP3
Alupar Investimento SA
- Day's range
- R$11.10 – R$11.59
- Day's volume
- R$80.5K
- 52-week range
- R$10.50 – R$14.00
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See how ALUP3 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountALUP3 in numbers
- Market cap
- R$11.1B
- P/E
- 8.20
- P/B
- 1.18
- Dividend yield (12m)
- 3.13%
- Net debt/EBITDA
- 5.94
The 12-month dividend yield of ALUP3 is 3.13%, below its 5-year average of 4.44%.
ALUP3 price history
ALUP3 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +3.30% | +47.62% | +103.09% |
| Volatility (annualized) | 15.90% | 17.14% | 15.87% |
| Largest drawdown | -16.51% | -16.51% | -16.51% |
| Positive months | 5/12 | 19/36 | 32/60 |
How much did investing in ALUP3 return?
R$1,000.00 invested on 10/01/2021 would be worth R$2,030.89 today.
- Value today in ALUP3
- R$2,030.89
- Return over the period
- +103.09%
- Return per year
- +15.22%
- In the Ibovespa
- R$1,808.01
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
ALUP3 fundamentals
Valuation
- P/E8.20
- P/B1.18
- EV/EBITDA8.99
- EV/EBIT9.53
- EV/Revenue6.52
- P/EBIT3.23
- P/S2.21
- P/OCF6.41
- P/FCF70.30
- Earnings yield10.49%
- PEG ratio0.24
- Earnings per shareR$1.40
- Book value per shareR$9.75
Debt
- Net debtR$21.6B
- Net debt/EBITDA5.94
- Net debt/Equity1.61
- Debt/Equity2.02
- Current ratio3.17
- Quick ratio3.17
- Cash ratio1.94
Efficiency
- Gross margin65.85%
- EBITDA margin72.59%
- Operating margin68.45%
- Net margin40.21%
- Asset turnover0.14
Profitability
- ROE14.38%
- ROA5.68%
- ROIC7.91%
- Payout25.67%
Growth
- Revenue CAGR (5 years)-6.02%
- Earnings CAGR (5 years)0.59%
- Revenue growth (year)9.89%
- Earnings growth (year)11.92%
- Revenue growth (quarter)15.90%
- Earnings growth (quarter)33.62%
What is ALUP3's fair price?
Two classic value formulas, with today's numbers. The current price is R$11.50.
- Graham's fair price
- R$17.54
- 52.50% above the price
√(22.50 × R$1.40 × R$9.75)
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$6.60
- 42.61% below the price
R$0.40 (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.
ALUP3'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 | 9.64 | 8.19 | 14.32 | 9.12 | 6.38 | 8.36 | 11.26 | 17.05 |
| P/B | 0.93 | 0.76 | 0.93 | 0.81 | 0.71 | 0.88 | 1.33 | 1.05 |
| EV/EBITDA | 9.41 | 9.16 | 11.29 | 8.78 | 5.85 | 6.16 | 8.28 | 10.77 |
| Dividend yield | 2.53% | 4.97% | 5.80% | 5.03% | 3.89% | 2.89% | 1.48% | 3.60% |
| Earnings per share | R$1.23 | R$1.10 | R$0.73 | R$1.00 | R$1.27 | R$1.07 | R$1.01 | R$0.44 |
| Book value per share | R$12.72 | R$11.86 | R$11.18 | R$11.34 | R$11.38 | R$10.17 | R$8.58 | R$7.12 |
| ROE | 9.67% | 9.26% | 6.53% | 8.86% | 11.15% | 10.53% | 11.81% | 6.18% |
| ROIC | 7.54% | 8.95% | 6.31% | 8.81% | 10.85% | 10.69% | 9.84% | 7.10% |
| Gross margin | 69.57% | 72.64% | 75.91% | 81.93% | 73.26% | 56.04% | 53.72% | 67.40% |
| EBITDA margin | 75.07% | 76.77% | 75.87% | 78.68% | 74.90% | 56.25% | 55.70% | 68.77% |
| Net margin | 27.64% | 27.14% | 20.96% | 23.96% | 21.31% | 15.34% | 19.39% | 20.54% |
| Net debt/EBITDA | 5.86 | 6.27 | 7.33 | 6.00 | 4.04 | 3.88 | 4.36 | 5.68 |
ALUP3's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$4.4B | R$4B | R$3.3B | R$3.8B | R$5.2B | R$6.1B |
| Cost of revenue | -R$1.3B | -R$1.1B | -R$797.8M | -R$692.7M | -R$1.4B | -R$2.7B |
| Gross profit | R$3.1B | R$2.9B | R$2.5B | R$3.1B | R$3.8B | R$3.4B |
| EBITDA | R$3.3B | R$3.1B | R$2.5B | R$3B | R$3.9B | R$3.5B |
| EBIT | R$3.1B | R$2.9B | R$2.4B | R$2.9B | R$3.8B | R$3.3B |
| Financial result | -R$871.8M | -R$951.1M | -R$877.4M | -R$966.1M | -R$915.5M | -R$461.7M |
| Income before tax | R$2.2B | R$1.9B | R$1.5B | R$1.9B | R$2.9B | R$2.9B |
| Income tax | -R$509.5M | -R$81.6M | -R$329.3M | -R$236M | -R$741.7M | -R$801.3M |
| Net income | R$1.2B | R$1.1B | R$694.1M | R$918.5M | R$1.1B | R$942.1M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
ALUP3 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 |
|---|---|---|---|---|---|
| ALUP3Alupar Investimento S/a | 8.20 | 1.18 | 3.13% | 14.38% | R$11.1B |
| AXIA3AXIA3 | 13.25 | 1.31 | 3.45% | 9.86% | R$157.6B |
| AXIA7AXIA7 | — | — | 0.00% | — | R$157.6B |
| SBSP3CIA SANEAMENTO BASICO EST SAO PAULO | 12.07 | 2.15 | 12.67% | 17.80% | R$96.7B |
| ENEV3ENEVA S.A | 56.68 | 2.68 | 0.00% | 4.73% | R$54.6B |
| CPFE3CPFL ENERGIA S.A. | 8.90 | 2.35 | 8.05% | 26.43% | R$53.4B |
| EQTL3EQUATORIAL S.A. | 53.27 | 1.95 | 3.91% | 3.67% | R$51.1B |
Does ALUP3 pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/13/2026 | 10/02/2026 | R$0.07 |
Dividend yield per year
- 2.41%2017
- 3.60%2018
- 1.48%2019
- 2.89%2020
- 3.89%2021
- 5.03%2022
- 5.80%2023
- 4.97%2024
- 2.53%2025
- 2.52%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 05/14/2026 | 07/06/2026 | R$0.07 |
| Dividend | 04/16/2026 | 06/10/2026 | R$0.01 |
| Dividend | 12/26/2025 | 02/12/2026 | R$0.11 |
| Dividend | 11/13/2025 | 01/06/2026 | R$0.10 |
| Dividend | 08/14/2025 | 10/06/2025 | R$0.07 |
| Dividend | 05/15/2025 | 07/08/2025 | R$0.07 |
| Dividend | 04/16/2025 | 06/11/2025 | R$0.08 |
| Dividend | 11/14/2024 | 01/06/2025 | R$0.08 |
| Dividend | 08/16/2024 | 10/03/2024 | R$0.06 |
| Dividend | 05/16/2024 | 07/08/2024 | R$0.07 |
| Dividend | 04/19/2024 | 07/01/2024 | R$0.26 |
| Dividend | 11/16/2023 | 01/04/2024 | R$0.04 |
See all 36 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/16/2023 | 10/05/2023 | R$0.04 |
| Dividend | 05/15/2023 | 07/05/2023 | R$0.04 |
| Dividend | 04/17/2023 | 05/16/2023 | R$0.48 |
| Dividend | 04/11/2022 | 11/30/2022 | R$0.11 |
| Dividend | 04/11/2022 | 08/31/2022 | R$0.15 |
| Dividend | 04/11/2022 | 05/31/2022 | R$0.15 |
| Dividend | 04/27/2021 | 11/30/2021 | R$0.08 |
| Dividend | 04/27/2021 | 08/30/2021 | R$0.10 |
| Dividend | 04/27/2021 | 05/31/2021 | R$0.10 |
| Dividend | 04/27/2020 | 11/30/2020 | R$0.12 |
| Dividend | 04/27/2020 | 06/17/2020 | R$0.11 |
| Dividend | 04/29/2019 | 07/30/2019 | R$0.15 |
| Dividend | 12/06/2018 | 12/19/2018 | R$0.06 |
| Dividend | 04/26/2018 | 06/20/2018 | R$0.11 |
| Dividend | 02/01/2018 | 02/16/2018 | R$0.07 |
| Dividend | 04/25/2017 | 12/30/2017 | R$0.07 |
| Dividend | 04/25/2017 | 06/26/2017 | R$0.10 |
| Dividend | 04/20/2016 | 11/14/2016 | R$0.12 |
| Dividend | 04/20/2016 | 07/28/2016 | R$0.16 |
| Dividend | 04/20/2016 | 07/12/2016 | R$0.16 |
| Dividend | 04/15/2015 | 05/04/2015 | R$0.40 |
| Dividend | 10/02/2014 | 10/17/2014 | R$0.16 |
| Dividend | 04/16/2014 | 05/02/2014 | R$0.31 |
| Dividend | 04/16/2014 | — | R$0.25 |
| Event | Last day to own | Ratio |
|---|---|---|
| Bonus shares | 04/16/2025 | 4.00% in shares |
| Split | 04/22/2024 | 26 for 25 |
| Split | 04/18/2023 | 26 for 25 |
About Alupar Investimento S/a
- Sector
- Energia
- Segment
- Energia Elétrica
- Listing segment
- Level 2
- Tag along
- 100.00%
- Free float
- 47.84%
- Shares issued
- 671.49M common · 317.39M preferred
- Average daily trading
- R$92.3K
- Listed since
- 04/24/2013
- CNPJ
- 08.364.948/0001-38
A Alupar Investimento S.A. (ALUP3) é uma holding privada de infraestrutura elétrica com foco em transmissão e geração de energia no Brasil e em outros países da América Latina. A companhia controla ativos de longo prazo, com receitas reguladas na transmissão e exposição a contratos e disponibilidade no segmento de geração. O modelo de negócio é intensivo em capital e depende de execução técnica, disciplina financeira e gestão de portfólio de concessões. No setor elétrico, a empresa opera em ambiente regulatório complexo, sujeito a revisões tarifárias, regras de desempenho e obrigações de expansão e manutenção. O resultado é influenciado por disponibilidade operacional, custo de dívida, cronograma de novos projetos e condições hidrológicas no caso de ativos de geração. A Alupar compete com grupos nacionais e internacionais de infraestrutura, buscando capturar valor por eficiência de operação, governança e alocação seletiva de capital em ativos com fluxo previsível.
Investor website| Shareholder | Common | Preferred | Total |
|---|---|---|---|
| Guarupart Participações Ltda.Controlling | 74.71% | 0.60% | 50.92% |
| Opportunity HDF Participações S.A. | 5.01% | 21.22% | 10.22% |
| Sharp Capital Gestora de Recursos Ltda. | 1.87% | 7.91% | 3.81% |
| PHRONESIS Investimentos Ltda. | 1.29% | 5.45% | 2.62% |
| CIME Administração e Participações S.A.Controlling | 1.83% | 0.00% | 1.24% |
| Outros | 15.29% | 64.83% | 31.19% |
Questions about ALUP3
How much is ALUP3 today?
ALUP3 is at R$11.50 (0.00% on the day), last traded on 10/01/2026.
How much did ALUP3 pay in dividends in 2025?
ALUP3 paid R$0.30 per share in 2025, a dividend yield of 2.53%.
When is the next ALUP3 dividend?
The next announced payment is R$0.07 per share on 10/02/2026.
What are the P/E and P/B of ALUP3?
ALUP3 trades at a P/E of 8.20 and a P/B of 1.18.
How much did ALUP3 return in 12 months?
ALUP3 returned 3.30% in 12 months, with annualized volatility of 15.90% and a largest drawdown of -16.51%.
What sector is ALUP3 in?
Alupar Investimento S/a is in the Energia sector, Energia Elétrica segment.