B3 · BRL

CGRA4

Grazziotin S.A. Pfd

R$23.16+0.65% (R$0.15)Updated 9/30/26, 6:31 PM

Day's range: R$23.10 – R$23.28
Day's volume: R$44K
52-week range: R$22.31 – R$29.43

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CGRA4 in numbers

Market cap: R$590.9M

P/E: 8.12

P/B: 0.63

Dividend yield (12m): 27.47%

Net debt/EBITDA: -2.02

The 12-month dividend yield of CGRA4 is 27.47%, above its 5-year average of 19.73%.

CGRA4 price history

10/01/202509/30/2026

Compare with

CGRA4 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-3.91%	+41.96%	-4.28%
Volatility (annualized)	12.43%	15.35%	23.62%
Largest drawdown	-13.14%	-13.14%	-33.04%
Positive months	6/12	20/36	30/60

How much did investing in CGRA4 return?

Amount invested

R$1,000.00 invested on 09/01/2021 would be worth R$949.56 today.

Value today in CGRA4: R$949.56

Return over the period: -5.04%

Return per year: -1.03%

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.

CGRA4 fundamentals

Valuation

P/E
8.12
P/B
0.63
EV/EBITDA
4.99
EV/EBIT
7.59
EV/Revenue
0.57
P/EBIT
10.66
P/S
0.80
P/OCF
3.77
P/FCF
4.97
Earnings yield
13.18%
PEG ratio
—
Earnings per share
R$2.85
Book value per share
R$36.54

Debt

Net debt
-R$170.2M
Net debt/EBITDA
-2.02
Net debt/Equity
-0.18
Debt/Equity
0.00
Current ratio
2.83
Quick ratio
2.16
Cash ratio
0.88

Efficiency

Gross margin
54.10%
EBITDA margin
11.46%
Operating margin
7.53%
Net margin
9.86%
Asset turnover
0.58

Profitability

ROE
7.81%
ROA
5.70%
ROIC
6.80%
Payout
222.98%

Growth

Revenue CAGR (5 years)
6.45%
Earnings CAGR (5 years)
-10.62%
Revenue growth (year)
2.23%
Earnings growth (year)
-19.87%
Revenue growth (quarter)
-1.39%
Earnings growth (quarter)
-38.38%

What is CGRA4's fair price?

Two classic value formulas, with today's numbers. The current price is R$23.16.

Graham's fair price: R$48.43; 109.10% above the price

√(22.50 × R$2.85 × R$36.54)

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$81.30; 251.04% above the price

R$4.88 (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.

CGRA4'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	8.65	5.06	5.60	4.33	4.14	9.62	4.59	8.79
P/B	0.83	0.56	0.61	0.62	0.97	1.08	1.01	0.95
EV/EBITDA	6.48	2.95	4.26	3.31	3.50	5.56	4.35	6.91
Dividend yield	35.34%	24.35%	18.06%	12.97%	7.92%	11.02%	4.32%	6.37%
Earnings per share	R$3.55	R$5.10	R$4.76	R$6.15	R$9.04	R$3.63	R$6.44	R$2.68
Book value per share	R$37.18	R$46.45	R$44.03	R$43.02	R$38.71	R$32.34	R$29.15	R$24.83
ROE	9.55%	10.98%	10.82%	14.31%	23.36%	11.23%	22.09%	10.80%
ROIC	7.35%	9.38%	6.99%	11.87%	20.20%	13.34%	15.38%	7.49%
Gross margin	53.65%	52.84%	51.94%	54.49%	53.42%	53.59%	53.38%	51.89%
EBITDA margin	11.98%	15.01%	12.73%	17.29%	31.96%	20.05%	25.02%	12.82%
Net margin	11.26%	14.36%	14.13%	17.45%	28.46%	15.78%	26.94%	11.61%
Net debt/EBITDA	-1.65	-1.89	-1.96	-1.06	-0.18	-2.01	-0.59	-1.05

CGRA4's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$744.8M	R$728.6M	R$676.8M	R$682.4M	R$613.7M	R$450M
Cost of revenue	-R$345.2M	-R$343.6M	-R$325.3M	-R$310.5M	-R$285.8M	-R$208.8M
Gross profit	R$399.6M	R$385M	R$351.6M	R$371.8M	R$327.8M	R$241.1M
EBITDA	R$89.2M	R$109.3M	R$86.2M	R$118M	R$196.1M	R$90.2M
EBIT	R$55.8M	R$81.3M	R$56.8M	R$95.5M	R$180.1M	R$75.9M
Financial result	R$31.3M	R$40.3M	R$51.9M	R$40M	R$38.7M	R$13.6M
Income before tax	R$87.1M	R$121.6M	R$108.7M	R$135.5M	R$218.8M	R$89.5M
Income tax	-R$3.3M	-R$17M	-R$13M	-R$16.4M	-R$44.1M	-R$18.5M
Net income	R$83.9M	R$104.6M	R$95.7M	R$119.1M	R$174.7M	R$71M

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

CGRA4 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
CGRA4Grazziotin	8.12	0.63	27.47%	7.81%	R$590.9M
VBBR3VIBRA ENERGIA S.A.	8.81	1.89	5.32%	21.49%	R$44.5B
UGPA3ULTRAPAR PARTICIPACOES S.A.	12.15	2.34	5.31%	19.25%	R$42B
RADL3RAIA DROGASIL S.A.	23.98	4.42	2.42%	18.41%	R$32.2B
ASAI3SENDAS DISTRIBUIDORA S.A.	15.34	2.33	0.95%	15.21%	R$14.8B
GMAT3GRUPO MATEUS S.A.	7.20	1.05	0.98%	14.52%	R$11.7B
LREN3LOJAS RENNER S.A.	7.82	1.13	7.93%	14.41%	R$11.7B

Does CGRA4 pay dividends?

Dividend yield per year

8.87%2017
6.37%2018
4.32%2019
11.02%2020
7.92%2021
12.97%2022
18.06%2023
24.35%2024
35.34%2025
12.65%2026

Payment history
Type	Last day to own	Payment	Per share
Interest on equity	12/16/2025	05/08/2026	R$1.14
Interest on equity	06/04/2025	05/08/2026	R$1.79
Dividend	12/17/2025	12/30/2025	R$3.95
Interest on equity	04/29/2025	05/07/2025	R$2.69
Interest on equity	12/18/2024	05/07/2025	R$1.39
Interest on equity	06/25/2024	05/07/2025	R$1.29
Interest on equity	12/20/2023	05/28/2024	R$1.27
Interest on equity	06/22/2023	05/07/2024	R$1.43
Interest on equity	06/16/2023	05/07/2024	R$2.70
Interest on equity	12/21/2022	08/14/2023	R$0.64
Interest on equity	04/26/2023	05/30/2023	R$0.62
Interest on equity	04/26/2023	05/30/2023	R$1.13

See all 63 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Interest on equity	09/21/2022	05/30/2023	R$0.62
Interest on equity	06/30/2022	05/30/2023	R$1.13
Dividend	03/23/2022	08/22/2022	R$0.99
Interest on equity	12/22/2021	08/22/2022	R$0.72
Interest on equity	04/20/2022	05/24/2022	R$0.63
Interest on equity	07/09/2021	05/24/2022	R$0.63
Interest on equity	04/30/2021	05/07/2021	R$1.27
Interest on equity	12/23/2020	05/07/2021	R$1.27
Interest on equity	07/21/2020	12/10/2020	R$1.11
Dividend	07/21/2020	12/10/2020	R$0.45
Dividend	03/19/2020	09/22/2020	R$0.45
Interest on equity	12/23/2019	09/22/2020	R$1.30
Interest on equity	12/27/2018	04/30/2019	R$1.10
Interest on equity	12/28/2017	04/30/2018	R$1.29
Interest on equity	04/06/2017	04/26/2017	R$1.00
Interest on equity	12/23/2016	04/26/2017	R$1.18
Interest on equity	12/18/2015	04/29/2016	R$0.72
Interest on equity	04/07/2016	04/28/2016	R$0.61
Dividend	03/13/2015	04/23/2015	R$0.13
Interest on equity	12/17/2014	04/23/2015	R$0.61
Dividend	04/03/2014	04/24/2014	R$0.11
Interest on equity	12/20/2013	04/24/2014	R$0.52
Interest on equity	12/20/2012	04/22/2013	R$0.53
Interest on equity	12/20/2011	04/23/2012	R$0.51
Dividend	04/14/2011	04/29/2011	R$0.46
Interest on equity	12/20/2010	04/18/2011	R$0.45
Dividend	04/09/2010	04/19/2010	R$0.28
Interest on equity	12/18/2009	04/19/2010	R$0.41
Dividend	04/27/2009	05/07/2009	R$0.03
Interest on equity	12/22/2008	04/13/2009	R$0.36
Interest on equity	12/26/2007	04/18/2008	R$1.58
Interest on equity	12/18/2006	04/24/2007	R$1.65
Interest on equity	12/23/2005	04/17/2006	R$2.12
Interest on equity	12/23/2004	04/26/2005	R$1.97
Dividend	04/14/2004	04/26/2004	R$1.22
Interest on equity	12/23/2003	04/26/2004	R$4.66
Dividend	04/15/2003	04/29/2003	R$0.45
Dividend	04/09/2002	04/23/2002	R$1.53
Interest on equity	12/19/2001	04/23/2002	R$4.97
Dividend	04/03/2001	04/23/2001	R$1.84
Interest on equity	12/19/2000	04/23/2001	R$5.47
Dividend	03/29/2000	04/20/2000	R$2.87
Interest on equity	12/20/1999	04/20/2000	R$3.21
Dividend	04/07/1999	04/27/1999	R$1.46
Interest on equity	12/15/1998	04/27/1999	R$2.17
Interest on equity	05/29/2026	—	R$1.27
Interest on equity	12/20/2002	—	R$2.99
Dividend	04/13/1998	—	R$1.70
Interest on equity	12/19/1997	—	R$2.04
Dividend	04/08/1997	—	R$32.92
Dividend	04/15/1996	—	R$23.07

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Bonus shares	12/22/2025	16.40% in shares
Split	09/25/2008	4 for 1
Split	09/24/2008	5 for 1
Reverse split	04/30/2004	1 for 100

About Grazziotin

Listing segment: Traditional
Tag along: Set by the bylaws
Free float: 48.41%
Shares issued: 10.76M common · 14.69M preferred
Average daily trading: R$107.9K
Listed since: 06/04/1979
CNPJ: 92.012.467/0001-70

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
V.R. Grazziotin S.AControlling	71.62%	21.79%	42.85%
Clique Master Fundo de Investimento em Ações	5.61%	13.23%	10.01%
Outros	22.78%	64.98%	47.14%

Questions about CGRA4

How much is CGRA4 today?

CGRA4 is at R$23.16 (0.65% on the day), last traded on 09/30/2026.

How much did CGRA4 pay in dividends in 2025?

CGRA4 paid R$9.33 per share in 2025, a dividend yield of 35.34%.

What are the P/E and P/B of CGRA4?

CGRA4 trades at a P/E of 8.12 and a P/B of 0.63.

How much did CGRA4 return in 12 months?

CGRA4 returned -3.91% in 12 months, with annualized volatility of 12.43% and a largest drawdown of -13.14%.