B3 · BRL

COGN3

Cogna Educacao S.A.

R$2.32+5.45% (R$0.12)
Day's range
R$2.17 – R$2.34
Day's volume
R$93.1M
52-week range
R$1.99 – R$4.75

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COGN3 in numbers

Market cap
R$4.8B
P/E
0.89
P/B
0.05
Dividend yield (12m)
5.56%
Net debt/EBITDA
3.87

The 12-month dividend yield of COGN3 is 5.56%, above its 5-year average of 0.42%.

COGN3 price history

10/01/202509/30/2026
Compare with

COGN3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-25.24%-3.59%-5.37%
Volatility (annualized)58.43%57.23%55.88%
Largest drawdown-51.85%-68.77%-68.77%
Positive months5/1215/3627/60

How much did investing in COGN3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$946.30 today.

Value today in COGN3
R$946.30
Return over the period
-5.37%
Return per year
-1.10%
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.

COGN3 fundamentals

Valuation

  • P/E
    0.89
  • P/B
    0.05
  • EV/EBITDA
    6.05
  • EV/EBIT
    9.06
  • EV/Revenue
    1.69
  • P/EBIT
    3.27
  • P/S
    0.61
  • P/OCF
    3.11
  • P/FCF
    18.40
  • Earnings yield
    11.04%
  • PEG ratio
    —
  • Earnings per share
    R$2.61
  • Book value per share
    R$51.11

Debt

  • Net debt
    R$8.5B
  • Net debt/EBITDA
    3.87
  • Net debt/Equity
    0.62
  • Debt/Equity
    0.72
  • Current ratio
    1.88
  • Quick ratio
    1.70
  • Cash ratio
    0.53

Efficiency

  • Gross margin
    65.20%
  • EBITDA margin
    28.00%
  • Operating margin
    18.70%
  • Net margin
    8.63%
  • Asset turnover
    0.32

Profitability

  • ROE
    5.11%
  • ROA
    2.76%
  • ROIC
    6.31%
  • Payout
    4.94%

Growth

  • Revenue CAGR (5 years)
    11.58%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    9.80%
  • Earnings growth (year)
    -28.91%
  • Revenue growth (quarter)
    16.29%
  • Earnings growth (quarter)
    -36.80%

What is COGN3's fair price?

Two classic value formulas, with today's numbers. The current price is R$2.32.

Graham's fair price
R$54.81
2,262.44% above the price

√(22.50 × R$2.61 × R$51.11)

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$0.22
90.41% below the price

R$0.01 (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.

COGN3's indicators by year

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

Indicator20252024202320222021202020192018
P/E11.472.32-13.29-7.52-9.44-1.5091.1810.39
P/B0.530.150.520.300.340.611.350.91
EV/EBITDA7.935.6412.4415.6720.90—18.4315.86
Dividend yield2.11%0.00%0.00%0.00%0.00%0.00%1.16%4.86%
Earnings per shareR$0.30R$0.47-R$0.26-R$0.28-R$0.26-R$3.09R$0.13R$0.85
Book value per shareR$6.52R$7.22R$6.77R$7.06R$7.34R$7.61R$8.44R$9.74
ROE4.65%6.50%-3.88%-3.99%-3.55%-40.64%1.49%8.77%
ROIC5.93%5.88%3.11%1.13%0.27%-11.10%2.89%4.33%
Gross margin68.79%66.93%63.73%63.38%60.16%63.05%60.02%62.57%
EBITDA margin28.31%31.93%24.07%19.11%17.37%-45.95%31.52%28.41%
Net margin8.91%13.77%-8.48%-10.39%-10.24%-110.19%3.35%23.16%
Net debt/EBITDA4.324.647.7611.5815.34—8.747.39

COGN3's financial statements

Line202520242023202220212020
Net revenueR$7BR$6.4BR$5.8BR$5.1BR$4.8BR$5.3B
Cost of revenue-R$2.2B-R$2.1B-R$2.1B-R$1.9B-R$1.9B-R$1.9B
Gross profitR$4.8BR$4.3BR$3.7BR$3.2BR$2.9BR$3.3B
EBITDAR$2BR$2BR$1.4BR$973MR$830M-R$2.4B
EBITR$1.3BR$1.4BR$732.2MR$303.3MR$78.4M-R$3.2B
Financial result-R$728M-R$689.1M-R$903.7M-R$895.4M-R$583.8M-R$598.7M
Income before taxR$579MR$662.8M-R$171.6M-R$592.1M-R$505.4M-R$3.8B
Income taxR$7.1MR$332.1M-R$295.7MR$51.1MR$43.8MR$209.2M
Net incomeR$625.5MR$879.9M-R$492.9M-R$528.9M-R$489.1M-R$5.8B

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

COGN3 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
COGN3Cogna Educação0.890.055.56%5.11%R$4.8B
GGPS3GPS PARTICIPACOES E EMPREENDIMENTOS S.A.10.312.102.59%20.36%R$9.4B
TTEN3TRÊS TENTOS AGROINDUSTRIAL S/A8.681.021.79%11.76%R$5.1B
OPCT3OCEANPACT SERVICOS MARITIMOS S.A.25.454.121.08%16.19%R$4.3B
YDUQ3YDUQS PARTICIPACOES S.A.26.891.055.11%3.89%R$3.1B
VTRU3VITRU EDUCAÇÃO S.A2.070.560.17%27.23%R$2.3B

Does COGN3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend12/23/202512/20/2028R$0.05

Dividend yield per year

  • 2.54%2017
  • 4.86%2018
  • 1.16%2019
  • 0.00%2020
  • 0.00%2021
  • 0.00%2022
  • 0.00%2023
  • 0.00%2024
  • 2.11%2025
  • 3.47%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend04/27/202605/29/2026R$0.01
Dividend12/23/202502/13/2026R$0.07
Dividend04/28/202505/30/2025R$0.07
Dividend11/19/201911/29/2019R$0.00
Dividend08/20/201908/29/2019R$0.03
Dividend05/21/201905/30/2019R$0.06
Dividend04/04/201904/15/2019R$0.03
Dividend11/16/201811/27/2018R$0.08
Dividend08/20/201808/29/2018R$0.11
Dividend05/17/201805/28/2018R$0.11
Dividend03/22/201804/03/2018R$0.09
Dividend11/16/201711/27/2017R$0.10
See all 33 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/17/201708/28/2017R$0.13
Dividend05/18/201705/29/2017R$0.12
Dividend03/28/201704/10/2017R$0.08
Dividend11/16/201611/25/2016R$0.08
Dividend08/17/201608/26/2016R$0.11
Dividend05/12/201605/30/2016R$0.12
Dividend03/15/201603/28/2016R$0.04
Dividend11/12/201511/18/2015R$0.05
Dividend08/12/201508/20/2015R$0.06
Dividend07/03/201407/21/2014R$1.12
Dividend05/13/201405/26/2014R$0.24
Dividend03/18/201403/31/2014R$0.10
Dividend05/14/201306/07/2013R$0.15
Dividend03/20/201304/15/2013R$0.17
Dividend06/25/200909/15/2009R$0.06
Dividend04/03/200904/15/2009R$0.06
Dividend05/12/2015—R$0.05
Dividend07/03/2014—R$0.34
Dividend11/07/2013—R$0.11
Dividend08/08/2013—R$0.09
Dividend04/19/2013—R$0.06
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Bonus shares12/23/202510.00% in shares
Split09/11/20144 for 1
Split03/05/20132 for 1
Reverse split12/04/20121 for 7

About Cogna Educação

Sector
Educação
Segment
Serviços Educacionais
Listing segment
Novo Mercado
Tag along
100.00%
Free float
92.96%
Shares issued
2.06B common
Average daily trading
R$64.6M
Ibovespa weight
0.16%
Listed since
06/08/2007
CNPJ
02.800.026/0001-40

A Cogna Educação S.A. é uma companhia brasileira de serviços educacionais com atuação em ensino básico, ensino superior presencial e digital, conteúdo didático e soluções para escolas e redes de ensino. A empresa opera por meio de marcas e plataformas que cobrem diferentes etapas da jornada educacional, de educação básica à pós-graduação. A estrutura de negócios é segmentada em unidades voltadas a B2C e B2B, incluindo operação de instituições de ensino superior, distribuição de conteúdo educacional e serviços de tecnologia aplicados à aprendizagem. O portfólio combina receitas de mensalidades, materiais, sistemas de ensino e serviços acadêmicos. A companhia é listada na B3 e integra o setor de educação, com foco em escala operacional, digitalização e eficiência acadêmica. Sua presença nacional envolve campi, polos de ensino a distância e relacionamento com redes públicas e privadas de educação.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
Alaska Investimentos Ltda.15.34%0.00%15.34%
Robeco Institutional Asset Management B.V.5.04%0.00%5.04%
Outros76.60%0.00%76.60%
Ações Tesouraria3.02%0.00%3.02%

Questions about COGN3

How much is COGN3 today?

COGN3 is at R$2.32 (5.45% on the day), last traded on 09/30/2026.

How much did COGN3 pay in dividends in 2025?

COGN3 paid R$0.07 per share in 2025, a dividend yield of 2.11%.

When is the next COGN3 dividend?

The next announced payment is R$0.05 per share on 12/20/2028.

What are the P/E and P/B of COGN3?

COGN3 trades at a P/E of 0.89 and a P/B of 0.05.

How much did COGN3 return in 12 months?

COGN3 returned -25.24% in 12 months, with annualized volatility of 58.43% and a largest drawdown of -51.85%.

What sector is COGN3 in?

Cogna Educação is in the Educação sector, Serviços Educacionais segment.