B3 · BRL

EVEN3

Even Construtora E Incorporadora S.A.

R$4.73-2.87% (-R$0.14)Updated 9/30/26, 6:31 PM

Day's range: R$4.64 – R$4.99
Day's volume: R$9.3M
52-week range: R$3.94 – R$9.17

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EVEN3 in numbers

Market cap: R$946M

P/E: 4.78

P/B: 0.49

Dividend yield (12m): 19.37%

Net debt/EBITDA: 3.39

The 12-month dividend yield of EVEN3 is 19.37%, above its 5-year average of 9.76%.

EVEN3 price history

10/01/202509/30/2026

Compare with

EVEN3 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-28.72%	-2.31%	+7.69%
Volatility (annualized)	37.81%	35.05%	38.81%
Largest drawdown	-47.49%	-47.49%	-47.49%
Positive months	6/12	19/36	31/60

How much did investing in EVEN3 return?

Amount invested

R$1,000.00 invested on 09/01/2021 would be worth R$845.26 today.

Value today in EVEN3: R$845.26

Return over the period: -15.47%

Return per year: -3.31%

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.

EVEN3 fundamentals

Valuation

P/E
4.78
P/B
0.49
EV/EBITDA
7.98
EV/EBIT
8.14
EV/Revenue
1.06
P/EBIT
4.68
P/S
0.61
P/OCF
-6.28
P/FCF
-138.75
Earnings yield
12.28%
PEG ratio
0.00
Earnings per share
R$0.99
Book value per share
R$9.63

Debt

Net debt
R$698.7M
Net debt/EBITDA
3.39
Net debt/Equity
0.30
Debt/Equity
0.64
Current ratio
4.67
Quick ratio
1.96
Cash ratio
0.99

Efficiency

Gross margin
28.75%
EBITDA margin
13.35%
Operating margin
13.07%
Net margin
16.15%
Asset turnover
0.30

Profitability

ROE
10.28%
ROA
4.83%
ROIC
5.65%
Payout
92.51%

Growth

Revenue CAGR (5 years)
-5.92%
Earnings CAGR (5 years)
17.26%
Revenue growth (year)
-10.99%
Earnings growth (year)
464.48%
Revenue growth (quarter)
-11.10%
Earnings growth (quarter)
1,039.95%

What is EVEN3's fair price?

Two classic value formulas, with today's numbers. The current price is R$4.73.

Graham's fair price: R$14.65; 209.74% above the price

√(22.50 × R$0.99 × R$9.63)

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$10.51; 122.16% above the price

R$0.63 (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.

EVEN3'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	6.55	25.46	7.59	9.30	6.08	173.54	28.33	-8.10
P/B	0.71	0.52	0.57	0.36	0.54	1.03	1.80	0.72
EV/EBITDA	8.08	13.51	6.73	5.79	2.84	6.11	21.44	—
Dividend yield	9.84%	21.54%	4.90%	0.00%	12.53%	1.20%	0.00%	0.00%
Earnings per share	R$1.19	R$0.21	R$1.08	R$0.49	R$1.09	R$0.07	R$0.55	-R$0.74
Book value per share	R$10.97	R$10.35	R$14.40	R$12.87	R$12.23	R$11.70	R$8.65	R$8.33
ROE	10.83%	2.04%	7.50%	3.83%	8.92%	0.59%	6.35%	-8.89%
ROIC	7.92%	3.19%	7.36%	3.85%	11.78%	14.63%	5.66%	-6.10%
Gross margin	27.11%	26.78%	21.74%	22.54%	27.77%	28.87%	24.87%	13.75%
EBITDA margin	13.33%	5.09%	10.17%	5.81%	12.02%	16.78%	9.39%	-10.29%
Net margin	12.38%	1.95%	7.26%	4.50%	10.16%	0.88%	6.23%	-10.90%
Net debt/EBITDA	2.01	3.75	1.30	-1.42	-2.30	-2.98	2.64	—

EVEN3's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$1.9B	R$2.2B	R$3B	R$2.3B	R$2.3B	R$1.7B
Cost of revenue	-R$1.4B	-R$1.6B	-R$2.3B	-R$1.8B	-R$1.6B	-R$1.2B
Gross profit	R$520.6M	R$577.7M	R$646.6M	R$522.5M	R$632M	R$482.4M
EBITDA	R$256M	R$109.8M	R$302.5M	R$134.7M	R$273.5M	R$280.4M
EBIT	R$251.9M	R$105.1M	R$292.6M	R$125.6M	R$265.1M	R$272.1M
Financial result	R$99.4M	R$55.9M	R$121.5M	R$127.5M	R$64.7M	R$13.9M
Income before tax	R$351.3M	R$161.1M	R$414.2M	R$253M	R$329.8M	R$286M
Income tax	-R$52.3M	-R$39.9M	-R$72.9M	-R$56.2M	-R$41.9M	-R$32.8M
Net income	R$237.7M	R$42.1M	R$216M	R$104.4M	R$231.2M	R$14.7M

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

EVEN3 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
EVEN3Even Construtora E Incorporadora	4.78	0.49	19.37%	10.28%	R$946M
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 EVEN3 pay dividends?

Dividend yield per year

0.00%2017
0.00%2018
0.00%2019
1.20%2020
12.53%2021
0.00%2022
4.90%2023
21.54%2024
9.84%2025
3.19%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	06/01/2026	06/12/2026	R$0.15
Dividend	11/17/2025	11/28/2025	R$0.77
Dividend	10/08/2024	10/18/2024	R$0.40
Dividend	05/16/2024	05/27/2024	R$0.20
Dividend	05/16/2024	05/27/2024	R$0.30
Dividend	12/19/2023	01/05/2024	R$0.25
Dividend	09/20/2023	09/29/2023	R$0.25
Dividend	11/18/2022	01/11/2023	R$0.15
Dividend	12/20/2021	12/29/2021	R$0.07
Dividend	06/18/2021	06/30/2021	R$0.19
Dividend	04/28/2021	05/17/2021	R$0.56
Dividend	04/30/2020	07/02/2020	R$0.14

See all 22 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	05/23/2016	06/03/2016	R$0.01
Dividend	04/22/2016	05/03/2016	R$0.16
Dividend	05/20/2014	05/30/2014	R$0.29
Dividend	04/18/2012	04/30/2012	R$0.23
Dividend	04/29/2011	05/10/2011	R$0.26
Dividend	04/22/2009	05/05/2009	R$0.08
Dividend	04/14/2008	04/30/2008	R$0.05
Dividend	04/30/2015	—	R$0.26
Dividend	04/29/2013	—	R$0.26
Dividend	04/09/2010	—	R$0.17

About Even Construtora E Incorporadora

Sector: Construção e Imobiliário
Segment: Incorporações
Listing segment: Novo Mercado
Tag along: 100.00%
Free float: 44.85%
Shares issued: 200M common
Average daily trading: R$4.8M
Listed since: 04/02/2007
CNPJ: 43.470.988/0001-65

A Even Construtora e Incorporadora S.A. desenvolve e comercializa empreendimentos residenciais e, em menor escala, projetos comerciais no mercado imobiliário brasileiro, com concentração histórica na cidade de São Paulo e regiões adjacentes. A companhia atua em incorporação, construção e vendas, operando tanto marca própria quanto parcerias em projetos específicos. Fundada em 1974, a empresa estrutura sua operação na originação de terrenos, planejamento de produtos, execução de obras e monetização por lançamentos e repasses. O resultado é sensível ao ciclo de juros, crédito imobiliário, velocidade de vendas e custo de construção. Gestão de estoque, disciplina de alocação de capital e controle de distratos são fatores relevantes para geração de caixa e rentabilidade no segmento de incorporação residencial.

Investor website

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
Nova Milano InvestimentosControlling	51.19%	0.00%	51.19%
REAL INVESTOR ASSET MANAGEMENT LTDA	9.92%	0.00%	9.92%
MELPAR INVEST LTDA	7.62%	0.00%	7.62%
BTG PACTUAL GESTÃO E CONSULTORIA LTDA	7.38%	0.00%	7.38%
Outros	23.10%	0.00%	23.10%
Ações Tesouraria	0.80%	0.00%	0.80%

Questions about EVEN3

How much is EVEN3 today?

EVEN3 is at R$4.73 (-2.87% on the day), last traded on 09/30/2026.

How much did EVEN3 pay in dividends in 2025?

EVEN3 paid R$0.77 per share in 2025, a dividend yield of 9.84%.

What are the P/E and P/B of EVEN3?

EVEN3 trades at a P/E of 4.78 and a P/B of 0.49.

How much did EVEN3 return in 12 months?

EVEN3 returned -28.72% in 12 months, with annualized volatility of 37.81% and a largest drawdown of -47.49%.

What sector is EVEN3 in?

Even Construtora E Incorporadora is in the Construção e Imobiliário sector, Incorporações segment.