B3 · BRL

AMER3

Americanas SA

R$5.49+8.07% (R$0.41)
Day's range
R$5.12 – R$5.52
Day's volume
R$15M
52-week range
R$3.37 – R$7.89

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AMER3 in numbers

Market cap
R$1.1B
P/E
-3.93
P/B
0.26
Dividend yield (12m)
0.00%
Net debt/EBITDA
3.99

AMER3 price history

10/01/202509/30/2026
Compare with

AMER3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-0.18%-93.54%-99.81%
Volatility (annualized)44.82%105.95%95.23%
Largest drawdown-35.35%-95.98%-99.89%
Positive months7/1215/3626/60

How much did investing in AMER3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$1.74 today.

Value today in AMER3
R$1.74
Return over the period
-99.83%
Return per year
-71.94%
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.

AMER3 fundamentals

Valuation

  • P/E
    -3.93
  • P/B
    0.26
  • EV/EBITDA
    5.13
  • EV/EBIT
    19.63
  • EV/Revenue
    0.42
  • P/EBIT
    4.36
  • P/S
    0.09
  • P/OCF
    2.69
  • P/FCF
    5.82
  • Earnings yield
    5.09%
  • PEG ratio
    —
  • Earnings per share
    -R$1.40
  • Book value per share
    R$20.75

Debt

  • Net debt
    R$3.8B
  • Net debt/EBITDA
    3.99
  • Net debt/Equity
    0.93
  • Debt/Equity
    1.04
  • Current ratio
    1.70
  • Quick ratio
    1.15
  • Cash ratio
    0.12

Efficiency

  • Gross margin
    25.59%
  • EBITDA margin
    8.17%
  • Operating margin
    2.14%
  • Net margin
    -2.37%
  • Asset turnover
    0.81

Profitability

  • ROE
    -6.74%
  • ROA
    -1.92%
  • ROIC
    0.00%
  • Payout
    —

Growth

  • Revenue CAGR (5 years)
    -2.40%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    -14.24%
  • Earnings growth (year)
    -103.27%
  • Revenue growth (quarter)
    -18.10%
  • Earnings growth (quarter)
    -103.08%

What is AMER3's fair price?

Two classic value formulas, with today's numbers. The current price is R$5.49.

Graham's fair price
—
Does not apply to AMER3: the formula needs positive earnings and book value.

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$2.79
49.25% below the price

R$0.17 (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.

AMER3's indicators by year

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

Indicator20252024202320222021202020192018
P/E-3.790.15-0.36-0.6752.39-199.83-102.44-47.37
P/B0.220.25-0.03-0.331.794.445.685.32
EV/EBITDA3.482.16——17.5350.1452.2950.53
Dividend yield0.00%0.00%0.00%0.06%0.01%0.00%0.00%0.00%
Earnings per share-R$1.35R$41.35-R$2.52-R$14.31R$0.60-R$0.38-R$0.61-R$0.87
Book value per shareR$23.77R$24.82-R$31.97-R$29.55R$17.54R$16.94R$10.96R$7.74
ROE-5.69%166.62%7.88%48.42%3.42%-2.22%-5.55%-11.24%
ROIC2.52%5.65%——0.00%2.31%1.21%-0.28%
Gross margin27.01%32.25%29.15%19.46%29.79%28.42%29.72%25.81%
EBITDA margin9.26%11.57%-18.77%-24.03%9.06%7.73%9.25%6.35%
Net margin-2.20%57.71%-15.21%-50.03%2.40%-2.08%-4.70%-6.13%
Net debt/EBITDA2.581.41——3.68-3.700.244.87

AMER3's financial statements

Line202520242023202220212020
Net revenueR$12.3BR$14.3BR$14.9BR$25.8BR$22.7BR$10.1B
Cost of revenue-R$9B-R$9.7B-R$10.6B-R$20.8B-R$15.9B-R$7.2B
Gross profitR$3.3BR$4.6BR$4.4BR$5BR$6.8BR$2.9B
EBITDAR$1.1BR$1.7B-R$2.8B-R$6.2BR$2.1BR$782.3M
EBITR$331MR$650M-R$4.2B-R$7.8BR$756.2MR$180.6M
Financial result-R$164MR$12.3B-R$2.9B-R$5.2B-R$772.4M-R$430.2M
Income before taxR$167MR$13B-R$7B-R$13B-R$16.2M-R$249.6M
Income tax-R$69M-R$4.7BR$4.8BR$130.8MR$560MR$38.8M
Net income-R$271MR$8.3B-R$2.3B-R$12.9BR$543.8M-R$210.8M

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

AMER3 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
AMER3Americanas-3.930.260.00%-6.74%R$1.1B
VBBR3VIBRA ENERGIA S.A.8.811.895.32%21.49%R$44.5B
UGPA3ULTRAPAR PARTICIPACOES S.A.12.152.345.31%19.25%R$42B
RADL3RAIA DROGASIL S.A.23.984.422.42%18.41%R$32.2B
ASAI3SENDAS DISTRIBUIDORA S.A.15.342.330.95%15.21%R$14.8B
GMAT3GRUPO MATEUS S.A.7.201.050.98%14.52%R$11.7B
LREN3LOJAS RENNER S.A.7.821.137.93%14.41%R$11.7B

Does AMER3 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 0.00%2018
  • 0.00%2019
  • 0.00%2020
  • 0.01%2021
  • 0.06%2022
  • 0.00%2023
  • 0.00%2024
  • 0.00%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity01/31/202203/09/2022R$0.62
Interest on equity12/30/202002/28/2021R$0.21
Interest on equity01/09/202004/12/2020R$0.01
Interest on equity12/06/201902/02/2020R$0.17
Interest on equity01/03/201904/21/2019R$0.08
Interest on equity10/04/201604/16/2017R$0.02
Dividend03/10/201603/27/2016R$0.02
Interest on equity08/31/201503/27/2016R$0.04
Dividend03/12/201504/05/2015R$0.05
Interest on equity01/07/201504/05/2015R$0.02
Dividend03/25/201104/25/2011R$0.05
Dividend03/25/201104/25/2011R$0.01
See all 36 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend03/19/201004/12/2010R$0.10
Dividend03/20/200904/13/2009R$0.16
Dividend03/14/200804/02/2008R$0.13
Interest on equity01/03/2018—R$0.08
Interest on equity01/03/2017—R$0.02
Interest on equity07/04/2016—R$0.04
Interest on equity12/30/2015—R$0.04
Interest on equity09/05/2014—R$0.03
Dividend03/20/2014—R$0.08
Interest on equity01/07/2014—R$0.01
Interest on equity09/05/2013—R$0.03
Dividend03/14/2013—R$0.07
Interest on equity01/07/2013—R$0.01
Interest on equity09/06/2012—R$0.03
Dividend03/08/2012—R$0.07
Interest on equity01/05/2012—R$0.01
Interest on equity10/20/2011—R$0.03
Dividend03/24/2011—R$0.07
Interest on equity01/06/2011—R$0.01
Interest on equity10/14/2010—R$0.02
Dividend03/18/2010—R$0.03
Interest on equity03/18/2010—R$0.02
Interest on equity03/19/2009—R$0.02
Dividend03/19/2009—R$0.02
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Reverse split08/26/20241 for 100

About Americanas

Sector
Consumo Cíclico
Segment
Produtos Diversos
Listing segment
Novo Mercado
Tag along
100.00%
Free float
50.00%
Shares issued
200.25M common
Average daily trading
R$7.8M
Listed since
08/08/2007
CNPJ
00.776.574/0001-56

A Americanas S.A. (AMER3) é uma varejista brasileira com operação multicanal em lojas físicas, comércio eletrônico e serviços digitais associados ao ecossistema de consumo. A companhia atua na venda de produtos de diversas categorias, com capilaridade logística e presença em centros urbanos de diferentes portes. O modelo combina receita de varejo, marketplace, serviços financeiros e soluções digitais para recorrência de compra e integração de canais. Desde 2023, a empresa atravessa um processo de recuperação judicial após a divulgação de inconsistências contábeis relevantes, com impactos sobre estrutura de capital, relacionamento com credores e dinâmica operacional. O foco de gestão passou a incluir geração de caixa, renegociação de passivos e simplificação de portfólio, preservando operação comercial e base de clientes. No ambiente competitivo, a Americanas disputa mercado com varejistas físicos, plataformas digitais e players especializados, em um setor de margens comprimidas e alta intensidade promocional.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
SAWDOG HOLDINGS LLCControlling28.22%0.00%28.22%
Cedar Trade LLCControlling15.07%0.00%15.07%
SAMER INVESTMENT LLCControlling6.62%0.00%6.62%
CARLOS ALBERTO DA VEIGA SICUPIRAControlling0.09%0.00%0.09%
Outros50.00%0.00%50.00%

Questions about AMER3

How much is AMER3 today?

AMER3 is at R$5.49 (8.07% on the day), last traded on 09/30/2026.

How much did AMER3 pay in dividends in 2025?

AMER3 paid R$0.00 per share in 2025, a dividend yield of 0.00%.

What are the P/E and P/B of AMER3?

AMER3 trades at a P/E of -3.93 and a P/B of 0.26.

How much did AMER3 return in 12 months?

AMER3 returned -0.18% in 12 months, with annualized volatility of 44.82% and a largest drawdown of -35.35%.

What sector is AMER3 in?

Americanas is in the Consumo Cíclico sector, Produtos Diversos segment.