B3 · BRL

BRAP4

Bradespar SA Pfd

R$20.23-0.05% (-R$0.01)Updated 9/30/26, 6:31 PM

Day's range: R$20.21 – R$20.56
Day's volume: R$79.7M
52-week range: R$16.99 – R$25.63

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BRAP4 in numbers

Market cap: R$7.6B

P/E: 13.61

P/B: 0.99

Dividend yield (12m): 11.65%

Net debt/EBITDA: -0.48

The 12-month dividend yield of BRAP4 is 11.65%, below its 5-year average of 18.72%.

BRAP4 price history

10/01/202509/30/2026

Compare with

BRAP4 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+22.68%	+29.55%	+71.50%
Volatility (annualized)	27.37%	23.27%	28.21%
Largest drawdown	-18.53%	-27.77%	-34.48%
Positive months	5/12	18/36	32/60

How much did investing in BRAP4 return?

Amount invested

R$1,000.00 invested on 09/01/2021 would be worth R$1,606.04 today.

Value today in BRAP4: R$1,606.04

Return over the period: +60.60%

Return per year: +9.94%

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.

BRAP4 fundamentals

Valuation

P/E
13.61
P/B
0.99
EV/EBITDA
14.04
EV/EBIT
14.04
EV/Revenue
—
P/EBIT
14.53
P/S
—
P/OCF
9.72
P/FCF
9.72
Earnings yield
7.12%
PEG ratio
—
Earnings per share
R$1.49
Book value per share
R$20.48

Debt

Net debt
-R$254.5M
Net debt/EBITDA
-0.48
Net debt/Equity
-0.03
Debt/Equity
0.00
Current ratio
5.69
Quick ratio
5.69
Cash ratio
5.68

Efficiency

Gross margin
—
EBITDA margin
—
Operating margin
—
Net margin
—
Asset turnover
0.00

Profitability

ROE
7.26%
ROA
7.22%
ROIC
6.75%
Payout
158.54%

Growth

Revenue CAGR (5 years)
—
Earnings CAGR (5 years)
-35.07%
Revenue growth (year)
—
Earnings growth (year)
-54.12%
Revenue growth (quarter)
—
Earnings growth (quarter)
-45.99%

What is BRAP4's fair price?

Two classic value formulas, with today's numbers. The current price is R$20.23.

Graham's fair price: R$26.17; 29.38% above the price

√(22.50 × R$1.49 × R$20.48)

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$74.15; 266.51% above the price

R$4.45 (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.

BRAP4'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	14.30	5.47	5.32	3.13	1.22	7.87	-17.20	4.82
P/B	1.02	0.77	1.29	1.56	1.31	1.03	0.73	0.58
EV/EBITDA	16.54	5.49	5.38	3.09	1.19	7.86	—	4.62
Dividend yield	13.07%	12.55%	12.44%	10.43%	45.11%	9.54%	7.02%	15.34%
Earnings per share	R$1.39	R$3.03	R$4.82	R$9.48	R$20.55	R$4.22	-R$1.16	R$3.42
Book value per share	R$19.46	R$21.58	R$19.93	R$19.02	R$19.09	R$32.34	R$27.47	R$28.62
ROE	7.15%	14.05%	24.21%	49.86%	107.68%	13.03%	-4.22%	11.95%
ROIC	6.19%	13.84%	24.10%	51.59%	111.23%	13.05%	-4.24%	12.36%
Net debt/EBITDA	-0.04	-0.25	-0.13	-0.11	-0.04	-0.04	—	-0.03

BRAP4's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$0	R$0	R$0	R$0	R$0	R$0
Cost of revenue	R$0	R$0	R$0	R$0	R$0	R$0
Gross profit	R$0	R$0	R$0	R$0	R$0	R$0
EBITDA	R$471.9M	R$1.1B	R$1.8B	R$3.6B	R$8B	R$1.5B
EBIT	R$471.9M	R$1.1B	R$1.8B	R$3.6B	R$8B	R$1.5B
Financial result	R$75.1M	R$57.6M	R$67.8M	R$81.3M	R$62M	R$6.5M
Income before tax	R$547M	R$1.2B	R$1.9B	R$3.7B	R$8.1B	R$1.5B
Income tax	R$0	R$0	R$0	R$0	R$0	R$0
Net income	R$547M	R$1.2B	R$1.9B	R$3.7B	R$8.1B	R$1.5B

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

BRAP4 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
BRAP4Bradespar	13.61	0.99	11.65%	7.26%	R$7.6B
ITUB4ITAU UNIBANCO HOLDING S.A.	10.43	2.24	7.15%	21.50%	R$511.8B
ITUB3ITAU UNIBANCO HOLDING S.A.	11.41	2.45	6.53%	21.50%	R$511.8B
BPAC3BCO BTG PACTUAL S.A.	15.68	3.48	1.91%	22.20%	R$271.9B
BPAC5BCO BTG PACTUAL S.A.	13.14	2.92	2.28%	22.20%	R$271.9B
BBDC4BCO BRADESCO S.A.	7.92	1.08	6.80%	13.66%	R$183.9B
BBDC3BCO BRADESCO S.A.	6.94	0.95	7.05%	13.66%	R$183.9B

Does BRAP4 pay dividends?

Dividend yield per year

4.41%2017
15.34%2018
7.02%2019
9.54%2020
45.11%2021
10.43%2022
12.44%2023
12.55%2024
13.07%2025
4.38%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	12/17/2025	03/13/2026	R$0.21
Interest on equity	12/17/2025	03/13/2026	R$0.68
Dividend	12/17/2025	12/30/2025	R$0.66
Interest on equity	11/12/2025	11/24/2025	R$0.81
Dividend	04/25/2025	05/15/2025	R$0.92
Interest on equity	12/19/2024	05/15/2025	R$0.21
Interest on equity	11/12/2024	11/21/2024	R$0.90
Dividend	04/29/2024	05/15/2024	R$0.37
Dividend	04/29/2024	05/15/2024	R$0.81
Interest on equity	11/21/2023	12/04/2023	R$1.18
Dividend	11/21/2023	12/04/2023	R$0.60
Dividend	04/27/2023	05/15/2023	R$1.24

See all 70 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Interest on equity	12/26/2022	05/15/2023	R$0.17
Dividend	11/09/2022	11/21/2022	R$0.81
Interest on equity	11/09/2022	11/21/2022	R$0.71
Dividend	04/29/2022	05/10/2022	R$1.58
Dividend	12/16/2021	12/29/2021	R$6.04
Dividend	07/15/2021	07/26/2021	R$1.78
Dividend	03/31/2021	05/12/2021	R$2.72
Interest on equity	03/31/2021	05/12/2021	R$0.73
Dividend	11/11/2020	11/19/2020	R$1.14
Interest on equity	11/11/2020	11/19/2020	R$0.86
Interest on equity	12/27/2019	08/20/2020	R$0.80
Interest on equity	04/30/2019	05/15/2019	R$0.47
Dividend	04/30/2019	05/15/2019	R$0.13
Interest on equity	12/28/2018	01/31/2019	R$0.64
Dividend	04/27/2018	05/15/2018	R$1.29
Interest on equity	12/22/2017	03/30/2018	R$0.96
Dividend	04/27/2017	05/31/2017	R$0.47
Interest on equity	12/22/2016	01/09/2017	R$0.11
Interest on equity	10/30/2015	11/13/2015	R$0.41
Dividend	04/24/2015	05/15/2015	R$0.24
Interest on equity	04/24/2015	05/15/2015	R$0.38
Dividend	10/31/2014	11/14/2014	R$0.34
Interest on equity	10/31/2014	11/14/2014	R$0.55
Interest on equity	04/28/2014	05/15/2014	R$0.36
Dividend	04/28/2014	05/15/2014	R$0.46
Dividend	10/31/2013	11/14/2013	R$0.11
Interest on equity	10/31/2013	11/14/2013	R$0.60
Interest on equity	04/29/2013	05/15/2013	R$0.38
Dividend	04/29/2013	05/15/2013	R$0.27
Interest on equity	10/31/2012	11/14/2012	R$0.65
Dividend	04/27/2012	05/15/2012	R$0.70
Interest on equity	04/27/2012	05/15/2012	R$0.19
Dividend	10/31/2011	11/14/2011	R$0.01
Interest on equity	10/31/2011	11/14/2011	R$0.75
Interest on equity	04/28/2011	05/13/2011	R$0.19
Dividend	04/28/2011	05/13/2011	R$0.75
Dividend	10/29/2010	11/12/2010	R$0.03
Interest on equity	10/29/2010	11/12/2010	R$0.47
Dividend	04/30/2010	05/14/2010	R$0.23
Interest on equity	04/30/2010	05/14/2010	R$0.28
Interest on equity	10/30/2009	11/13/2009	R$0.38
Dividend	10/30/2009	11/13/2009	R$0.14
Dividend	04/30/2009	05/15/2009	R$0.16
Interest on equity	04/30/2009	05/15/2009	R$0.49
Interest on equity	10/31/2008	11/14/2008	R$0.20
Dividend	10/31/2008	11/14/2008	R$0.42
Interest on equity	04/30/2008	05/15/2008	R$0.51
Dividend	10/31/2007	11/14/2007	R$0.12
Interest on equity	10/31/2007	11/14/2007	R$0.24
Dividend	04/30/2007	05/15/2007	R$0.34
Interest on equity	04/30/2007	05/15/2007	R$0.50
Interest on equity	12/21/2006	01/08/2007	R$1.42
Interest on equity	10/30/2006	11/13/2006	R$1.01
Interest on equity	04/28/2006	05/15/2006	R$1.51
Interest on equity	10/10/2005	11/11/2005	R$1.18
Interest on equity	01/06/2005	01/24/2005	R$1.89
Dividend	04/30/2001	05/30/2001	R$0.02
Dividend	04/27/2012	—	R$0.31

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Bonus shares	09/20/2021	13.00% in shares
Split	10/16/2007	2 for 1
Split	01/09/2007	2 for 1
Split	04/29/2005	2 for 1
Reverse split	07/05/2004	1 for 50
Reverse split	07/02/2004	0.00002 for 1

About Bradespar

Listing segment: Level 1
Tag along: Set by the bylaws
Free float: 71.54%
Shares issued: 137.99M common · 255.11M preferred
Average daily trading: R$42.4M
Ibovespa weight: 0.20%
Listed since: 08/10/2000
CNPJ: 03.847.461/0001-92

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
Cidade de Deus Cia. Cial. de ParticipaçõesControlling	36.74%	0.13%	12.98%
NCF Participações S.A.Controlling	24.87%	0.99%	9.37%
Grantham, Mayo, Van Otterloo & Co LLC	0.00%	9.84%	6.39%
Fundação BradescoControlling	14.88%	0.00%	5.22%
BlackRock, Inc.	0.00%	5.27%	3.42%
Fundo de Investimento Geração Futuro LPAR	0.00%	5.12%	3.33%
Nova Cidade de Deus Participações S.A.Controlling	1.37%	0.00%	0.48%
Outros	22.14%	78.64%	58.81%

Questions about BRAP4

How much is BRAP4 today?

BRAP4 is at R$20.23 (-0.05% on the day), last traded on 09/30/2026.

How much did BRAP4 pay in dividends in 2025?

BRAP4 paid R$2.60 per share in 2025, a dividend yield of 13.07%.

What are the P/E and P/B of BRAP4?

BRAP4 trades at a P/E of 13.61 and a P/B of 0.99.

How much did BRAP4 return in 12 months?

BRAP4 returned 22.68% in 12 months, with annualized volatility of 27.37% and a largest drawdown of -18.53%.