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B3 · BRL

EZTC3

EZ TEC Empreendimentos e Participacoes SA

R$14.01+3.55% (R$0.48)
Day's range
R$13.55 – R$14.13
Day's volume
R$39.5M
52-week range
R$10.17 – R$16.73

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See how EZTC3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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EZTC3 in numbers

Market cap
R$3.9B
P/E
7.32
P/B
0.74
Dividend yield (12m)
8.61%
Net debt/EBITDA
2.69

The 12-month dividend yield of EZTC3 is 8.61%, above its 5-year average of 7.13%.

EZTC3 price history

10/01/202509/30/2026
Compare with

EZTC3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+12.25%+9.68%-4.75%
Volatility (annualized)38.09%41.55%44.26%
Largest drawdown-30.02%-38.01%-47.07%
Positive months6/1219/3632/60

How much did investing in EZTC3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$952.53 today.

Value today in EZTC3
R$952.53
Return over the period
-4.75%
Return per year
-0.97%
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.

EZTC3 fundamentals

Valuation

  • P/E
    7.32
  • P/B
    0.74
  • EV/EBITDA
    12.01
  • EV/EBIT
    12.71
  • EV/Revenue
    3.48
  • P/EBIT
    9.86
  • P/S
    2.70
  • P/OCF
    6.76
  • P/FCF
    32.96
  • Earnings yield
    7.87%
  • PEG ratio
    0.92
  • Earnings per share
    R$1.91
  • Book value per share
    R$18.86

Debt

  • Net debt
    R$1.1B
  • Net debt/EBITDA
    2.69
  • Net debt/Equity
    0.21
  • Debt/Equity
    0.55
  • Current ratio
    3.06
  • Quick ratio
    1.99
  • Cash ratio
    1.61

Efficiency

  • Gross margin
    41.28%
  • EBITDA margin
    29.02%
  • Operating margin
    27.41%
  • Net margin
    38.23%
  • Asset turnover
    0.19

Profitability

  • ROE
    10.15%
  • ROA
    7.33%
  • ROIC
    5.59%
  • Payout
    62.96%

Growth

  • Revenue CAGR (5 years)
    7.16%
  • Earnings CAGR (5 years)
    2.40%
  • Revenue growth (year)
    -3.95%
  • Earnings growth (year)
    32.23%
  • Revenue growth (quarter)
    -13.71%
  • Earnings growth (quarter)
    7.68%

What is EZTC3's fair price?

Two classic value formulas, with today's numbers. The current price is R$14.01.

Graham's fair price
R$28.51
103.50% above the price

√(22.50 × R$1.91 × R$18.86)

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$13.58
3.03% below the price

R$0.82 (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.

EZTC3's indicators by year

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

Indicator20252024202320222021202020192018
P/E9.175.9217.269.1410.5124.0341.9151.30
P/B0.960.490.880.651.032.353.091.90
EV/EBITDA13.298.4121.2311.9811.6131.4745.79760.60
Dividend yield11.32%12.69%1.63%7.37%2.64%0.87%0.34%3.18%
Earnings per shareR$1.90R$1.83R$1.08R$1.47R$1.95R$1.79R$1.24R$0.49
Book value per shareR$18.22R$22.10R$21.29R$20.54R$19.77R$18.22R$16.78R$13.19
ROE10.45%8.29%5.09%7.15%9.84%9.80%7.38%3.70%
ROIC6.32%5.54%3.33%4.72%8.37%8.30%8.02%0.11%
Gross margin41.71%34.14%31.73%34.27%46.12%43.04%40.80%36.30%
EBITDA margin30.87%23.30%19.71%22.56%32.84%29.40%28.55%1.55%
Net margin35.70%25.93%22.11%28.96%44.90%43.26%34.94%24.96%
Net debt/EBITDA2.691.831.860.25-2.76-3.89-5.51-66.65

EZTC3's financial statements

Line202520242023202220212020
Net revenueR$1.5BR$1.6BR$1.1BR$1.1BR$957.9MR$936.6M
Cost of revenue-R$873.7M-R$1B-R$739.5M-R$737M-R$516.1M-R$533.5M
Gross profitR$625.2MR$532.8MR$343.7MR$384.2MR$441.8MR$403.1M
EBITDAR$462.7MR$363.6MR$213.4MR$253MR$314.6MR$275.4M
EBITR$441.9MR$334.4MR$189.1MR$239.7MR$309.7MR$266.1M
Financial resultR$159.7MR$132MR$84.9MR$138.2MR$168.5MR$168M
Income before taxR$601.6MR$466.4MR$273.9MR$377.9MR$478.2MR$434.2M
Income tax-R$54M-R$37.7M-R$27.9M-R$35.8M-R$26.1M-R$19.2M
Net incomeR$535MR$404.6MR$239.5MR$324.7MR$430.1MR$405.2M

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

EZTC3 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
EZTC3Ez Tec Empreend. E Participacoes7.320.748.61%10.15%R$3.9B
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 EZTC3 pay dividends?

Dividend yield per year

  • 26.78%2017
  • 3.18%2018
  • 0.34%2019
  • 0.87%2020
  • 2.64%2021
  • 7.37%2022
  • 1.63%2023
  • 12.69%2024
  • 11.32%2025
  • 1.41%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/13/202608/28/2026R$0.09
Dividend05/14/202605/29/2026R$0.10
Dividend11/18/202512/17/2025R$0.61
Dividend11/18/202511/28/2025R$0.40
Dividend08/14/202508/29/2025R$0.30
Dividend05/22/202505/30/2025R$0.10
Dividend03/20/202503/31/2025R$0.14
Dividend11/05/202411/14/2024R$0.69
Dividend11/05/202411/14/2024R$0.14
Dividend08/08/202408/30/2024R$0.10
Dividend05/09/202405/31/2024R$0.06
Dividend03/21/202403/28/2024R$0.09
See all 35 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend11/16/202311/30/2023R$0.04
Dividend08/17/202308/31/2023R$0.08
Dividend05/18/202305/31/2023R$0.05
Interest on equity03/23/202303/31/2023R$0.03
Dividend03/23/202303/31/2023R$0.03
Dividend11/17/202211/30/2022R$0.11
Dividend08/16/202208/31/2022R$0.09
Dividend05/17/202205/31/2022R$0.11
Dividend03/22/202204/05/2022R$0.46
Dividend04/29/202105/21/2021R$0.42
Dividend04/28/202010/02/2020R$0.29
Dividend04/26/201910/04/2019R$0.14
Dividend04/27/201808/31/2018R$0.52
Dividend12/06/201712/15/2017R$2.67
Dividend04/28/201709/15/2017R$1.09
Dividend04/29/201605/10/2016R$0.99
Dividend04/30/201507/07/2015R$1.11
Dividend04/30/201411/28/2014R$0.95
Dividend04/26/201311/29/2013R$0.54
Dividend04/27/201207/31/2012R$0.53
Dividend04/26/201105/31/2011R$0.39
Dividend04/29/201005/31/2010R$0.27
Dividend04/17/200906/16/2009R$0.13
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Bonus shares12/09/202527.20% in shares
Split04/29/201940 for 33
Split05/02/201621 for 20
Split05/04/201515 for 14

About Ez Tec Empreend. E Participacoes

Sector
Construção e Imobiliário
Segment
Incorporações
Listing segment
Novo Mercado
Tag along
100.00%
Free float
43.31%
Shares issued
277.36M common
Average daily trading
R$32.7M
Listed since
06/22/2007
CNPJ
08.312.229/0001-73

A EZTEC Empreendimentos e Participações S.A. atua em incorporação e construção imobiliária, com foco em empreendimentos residenciais e comerciais, especialmente na Região Metropolitana de São Paulo. A companhia participa de toda a cadeia do desenvolvimento imobiliário, da prospecção de terrenos ao lançamento, construção, venda e entrega das unidades. Fundada em 1979, a empresa mantém histórico de execução com forte controle de caixa e baixa alavancagem relativa em ciclos de mercado, priorizando seletividade de projetos e retorno sobre capital. O desempenho depende da demanda por imóveis, condições de financiamento, custo de materiais e mão de obra, além de eficiência na velocidade de vendas e na gestão de estoques. Margens e geração de caixa variam conforme mix de produtos, estágio dos projetos e ambiente macroeconômico.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
EZ5 Participações Ltda.Controlling5.22%0.00%5.22%
EZ1 Participações Ltda.Controlling4.82%0.00%4.82%
EZ2 Participações Ltda.Controlling4.82%0.00%4.82%
EZ3 Participações Ltda.Controlling4.82%0.00%4.82%
EZ4 Participações Ltda.Controlling4.82%0.00%4.82%
EZ6 Participações Ltda.Controlling4.82%0.00%4.82%
GAR Participações Ltda.Controlling3.10%0.00%3.10%
HPC Participações Ltda.Controlling3.10%0.00%3.10%
Mapeca Participações Ltda.Controlling3.10%0.00%3.10%
SZA Participações Ltda.Controlling3.10%0.00%3.10%
STEC 1 PARTICIPAÇÕES LTDA.Controlling2.52%0.00%2.52%
STEC 2 PARTICIPAÇÕES LTDA.Controlling2.52%0.00%2.52%
VJR Participações S.A.Controlling1.79%0.00%1.79%
FLAVIO ERNESTO ZARZURControlling1.09%0.00%1.09%
SILVIO ERNESTO ZARZURControlling0.96%0.00%0.96%
PROSPEX FIA IEControlling0.91%0.00%0.91%
LIBANUS FUNDO DE INVESTIMENTO EM ACOESControlling0.86%0.00%0.86%
GEMINI FIA IEControlling0.77%0.00%0.77%
SAMIR ZAKKHOUR EL TAYARControlling0.58%0.00%0.58%
Valey Participações S.A.Controlling0.51%0.00%0.51%
MFT PARTICIPAÇÕES LTDA.Controlling0.46%0.00%0.46%
CEDRUS FIA IEControlling0.33%0.00%0.33%
MARCOS ERNESTO ZARZURControlling0.25%0.00%0.25%
MARCIO EL TAYARControlling0.24%0.00%0.24%
HENRIQUE ERNESTO GONÇALVES ZARZURControlling0.16%0.00%0.16%
CESAR ERNESTO GONÇALVES ZARZURControlling0.16%0.00%0.16%
PRISCILLA ZARZUR GRACOControlling0.13%0.00%0.13%
ALEXANDRE ERNESTO ZARIF ZARZURControlling0.12%0.00%0.12%
GIOVANNA ZARIF ZARZUR TCHALIANControlling0.10%0.00%0.10%
RAFAEL ERNESTO ZARIF ZARZURControlling0.10%0.00%0.10%
ESTHER HELOISA ZARZURControlling0.08%0.00%0.08%
EDUARDO ZARZUR ALBERTOControlling0.08%0.00%0.08%
MAURO ALBERTOControlling0.08%0.00%0.08%
FELIPE ZARZUR ALBERTOControlling0.08%0.00%0.08%
GENEPI FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADOControlling0.04%0.00%0.04%
MARCELO ERNESTO ZARZURControlling0.03%0.00%0.03%
ANNA LUCIA ZARZUR MAALOULIControlling0.02%0.00%0.02%
MARCELLA GRANDJEAN ZARZURControlling0.01%0.00%0.01%
ROBERTO MOUNIR MAALOULIControlling0.01%0.00%0.01%
MAURICIO ERNESTO GRANDJEAN ZARZURControlling0.00%0.00%0.00%
Outros43.31%0.00%43.31%

Questions about EZTC3

How much is EZTC3 today?

EZTC3 is at R$14.01 (3.55% on the day), last traded on 10/01/2026.

How much did EZTC3 pay in dividends in 2025?

EZTC3 paid R$1.55 per share in 2025, a dividend yield of 11.32%.

What are the P/E and P/B of EZTC3?

EZTC3 trades at a P/E of 7.32 and a P/B of 0.74.

How much did EZTC3 return in 12 months?

EZTC3 returned 12.25% in 12 months, with annualized volatility of 38.09% and a largest drawdown of -30.02%.

What sector is EZTC3 in?

Ez Tec Empreend. E Participacoes is in the Construção e Imobiliário sector, Incorporações segment.