B3 · BRL

DIRR3

Direcional Engenharia S.A.

R$9.97-1.87% (-R$0.19)
Day's range
R$9.77 – R$10.38
Day's volume
R$162.4M
52-week range
R$9.56 – R$19.04

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DIRR3 in numbers

Market cap
R$5.3B
P/E
6.06
P/B
2.23
Dividend yield (12m)
15.55%
Net debt/EBITDA
0.47

The 12-month dividend yield of DIRR3 is 15.55%, below its 5-year average of 19.11%.

DIRR3 price history

10/01/202510/01/2026
Compare with

DIRR3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-32.73%+106.22%+281.00%
Volatility (annualized)39.42%34.60%36.62%
Largest drawdown-41.23%-41.23%-41.23%
Positive months5/1223/3636/60

How much did investing in DIRR3 return?

R$1,000.00 invested on 10/01/2021 would be worth R$4,611.65 today.

Value today in DIRR3
R$4,611.65
Return over the period
+361.16%
Return per year
+35.77%
In the Ibovespa
R$1,790.35

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

DIRR3 fundamentals

Valuation

  • P/E
    6.06
  • P/B
    2.23
  • EV/EBITDA
    4.67
  • EV/EBIT
    5.03
  • EV/Revenue
    1.21
  • P/EBIT
    4.52
  • P/S
    1.09
  • P/OCF
    10.09
  • P/FCF
    12.18
  • Earnings yield
    19.88%
  • PEG ratio
    0.26
  • Earnings per share
    R$1.64
  • Book value per share
    R$4.47

Debt

  • Net debt
    R$587.2M
  • Net debt/EBITDA
    0.47
  • Net debt/Equity
    0.21
  • Debt/Equity
    1.11
  • Current ratio
    4.17
  • Quick ratio
    2.74
  • Cash ratio
    1.46

Efficiency

  • Gross margin
    40.35%
  • EBITDA margin
    25.94%
  • Operating margin
    24.09%
  • Net margin
    22.59%
  • Asset turnover
    0.33

Profitability

  • ROE
    36.78%
  • ROA
    7.46%
  • ROIC
    31.87%
  • Payout
    94.26%

Growth

  • Revenue CAGR (5 years)
    24.15%
  • Earnings CAGR (5 years)
    44.27%
  • Revenue growth (year)
    29.70%
  • Earnings growth (year)
    23.65%
  • Revenue growth (quarter)
    27.23%
  • Earnings growth (quarter)
    24.01%

What is DIRR3's fair price?

Two classic value formulas, with today's numbers. The current price is R$9.97.

Graham's fair price
R$12.86
28.99% above the price

√(22.50 × R$1.64 × R$4.47)

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$30.70
207.92% above the price

R$1.84 (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.

DIRR3's indicators by year

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

Indicator20252024202320222021202020192018
P/E9.317.2311.7212.3011.9017.2922.81-14.78
P/B3.172.081.841.611.301.461.670.82
EV/EBITDA7.395.628.075.995.687.9910.64—
Dividend yield37.39%23.35%9.38%9.05%16.35%18.64%17.67%24.59%
Earnings per shareR$1.52R$3.68R$1.91R$1.27R$1.06R$0.75R$0.65-R$0.51
Book value per shareR$4.46R$12.82R$12.16R$9.66R$9.73R$8.93R$8.93R$9.08
ROE34.02%28.71%15.71%13.11%10.93%8.44%7.34%-5.56%
ROIC30.53%30.93%17.60%18.91%16.36%12.36%10.02%-2.01%
Gross margin39.66%36.39%34.18%33.93%36.43%34.82%33.68%27.17%
EBITDA margin24.96%24.64%20.52%19.83%21.06%17.51%15.70%-0.92%
Net margin18.18%19.06%14.08%8.79%8.98%7.53%6.89%-6.65%
Net debt/EBITDA0.610.020.040.540.610.550.63—

DIRR3's financial statements

Line202520242023202220212020
Net revenueR$4.3BR$3.3BR$2.4BR$2.2BR$1.8BR$1.5B
Cost of revenue-R$2.6B-R$2.1B-R$1.6B-R$1.4B-R$1.1B-R$978.2M
Gross profitR$1.7BR$1.2BR$805MR$733.7MR$647.1MR$522.6M
EBITDAR$1.1BR$825MR$483.3MR$428.8MR$374.2MR$262.8M
EBITR$1BR$755MR$422.7MR$375.4MR$322.9MR$221.4M
Financial resultR$75.4MR$37.3MR$14.1M-R$73.9M-R$78.5M-R$40.1M
Income before taxR$1.1BR$792.3MR$436.9MR$301.5MR$244.3MR$181.2M
Income tax-R$98.8M-R$64.6M-R$50M-R$45.8M-R$35.6M-R$31.1M
Net incomeR$789.3MR$638.4MR$331.6MR$190MR$159.5MR$113.1M

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

DIRR3 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
DIRR3Direcional Engenharia6.062.2315.55%36.78%R$5.3B
ITUB4ITAU UNIBANCO HOLDING S.A.10.432.247.15%21.50%R$511.8B
ITUB3ITAU UNIBANCO HOLDING S.A.11.412.456.53%21.50%R$511.8B
BPAC3BCO BTG PACTUAL S.A.15.683.481.91%22.20%R$271.9B
BPAC5BCO BTG PACTUAL S.A.13.142.922.28%22.20%R$271.9B
BBDC4BCO BRADESCO S.A.7.921.086.80%13.66%R$183.9B
BBDC3BCO BRADESCO S.A.6.940.957.05%13.66%R$183.9B

Does DIRR3 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 24.59%2018
  • 17.67%2019
  • 18.64%2020
  • 16.35%2021
  • 9.05%2022
  • 9.38%2023
  • 23.35%2024
  • 37.39%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend12/16/202512/23/2025R$1.55
Dividend06/27/202507/04/2025R$2.00
Dividend01/03/202501/16/2025R$1.27
Dividend09/17/202401/16/2025R$0.46
Dividend07/04/202407/16/2024R$1.60
Dividend12/05/202301/03/2024R$0.47
Dividend12/16/202201/09/2023R$0.70
Dividend07/14/202207/25/2022R$0.47
Dividend05/19/202106/11/2021R$0.69
Dividend10/09/202010/21/2020R$0.81
Dividend10/14/201910/23/2019R$0.50
Dividend03/14/201903/25/2019R$0.38
See all 22 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend10/01/201810/11/2018R$0.61
Dividend07/07/201607/19/2016R$0.27
Dividend07/22/201508/05/2015R$0.27
Dividend04/28/201505/14/2015R$0.18
Dividend11/13/201411/28/2014R$0.24
Dividend04/30/201305/29/2013R$0.36
Dividend03/12/201206/29/2012R$0.27
Dividend01/05/201103/01/2011R$0.30
Dividend04/26/201005/17/2010R$0.14
Dividend04/30/2014—R$0.37
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Split08/08/20253 for 1

About Direcional Engenharia

Sector
Construção e Imobiliário
Segment
Incorporações
Listing segment
Novo Mercado
Tag along
100.00%
Free float
62.77%
Shares issued
520.5M common
Average daily trading
R$105.4M
Ibovespa weight
0.13%
Listed since
11/19/2009
CNPJ
16.614.075/0001-00

A Direcional Engenharia S.A. desenvolve e constrói empreendimentos residenciais com foco em habitação econômica e média renda, incluindo projetos vinculados a programas públicos de financiamento habitacional. A companhia atua em diferentes regiões do Brasil com incorporação, construção, comercialização e repasse de unidades, além de subsidiárias e marcas voltadas a segmentos específicos do mercado imobiliário urbano. No setor de construção residencial listado em B3, a empresa concorre por acesso a terrenos, eficiência de obra, velocidade de vendas e geração de caixa em ciclos de lançamento e entrega. O desempenho depende de juros imobiliários, renda das famílias, disponibilidade de crédito e custos de materiais. A estratégia operacional envolve padronização de projetos, controle de despesas por canteiro e gestão de distratos e inadimplência na carteira de clientes.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
PHPH HOLDING LTDA.Controlling12.82%0.00%12.82%
SHARE HOLDING LTDAControlling12.82%0.00%12.82%
ALLIANCA FIA IEControlling8.04%0.00%8.04%
DRIEHAUS CAPITAL MANAGEMENT LLC5.39%0.00%5.39%
RICARDO RIBEIRO VALADARES GONTIJOControlling1.52%0.00%1.52%
ANA LUCIA RIBEIRO VALADARES GONTIJOControlling0.66%0.00%0.66%
RICARDO VALADARES GONTIJOControlling0.30%0.00%0.30%
Outros58.36%0.00%58.36%
Ações Tesouraria0.10%0.00%0.10%

Questions about DIRR3

How much is DIRR3 today?

DIRR3 is at R$9.97 (-1.87% on the day), last traded on 10/01/2026.

How much did DIRR3 pay in dividends in 2025?

DIRR3 paid R$5.28 per share in 2025, a dividend yield of 37.39%.

What are the P/E and P/B of DIRR3?

DIRR3 trades at a P/E of 6.06 and a P/B of 2.23.

How much did DIRR3 return in 12 months?

DIRR3 returned -32.73% in 12 months, with annualized volatility of 39.42% and a largest drawdown of -41.23%.

What sector is DIRR3 in?

Direcional Engenharia is in the Construção e Imobiliário sector, Incorporações segment.