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B3 · BRL

JHSF3

JHSF Participacoes S.A.

R$11.73+0.86% (R$0.10)
Day's range
R$11.72 – R$12.05
Day's volume
R$51.5M
52-week range
R$5.86 – R$14.50

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See how JHSF3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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JHSF3 in numbers

Market cap
R$8B
P/E
3.76
P/B
1.07
Dividend yield (12m)
6.09%
Net debt/EBITDA
2.64

The 12-month dividend yield of JHSF3 is 6.09%, below its 5-year average of 9.72%.

JHSF3 price history

10/01/202509/30/2026
Compare with

JHSF3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+89.91%+240.50%+233.29%
Volatility (annualized)44.96%40.86%43.55%
Largest drawdown-10.91%-29.15%-47.89%
Positive months7/1220/3632/60

How much did investing in JHSF3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$2,915.75 today.

Value today in JHSF3
R$2,915.75
Return over the period
+191.58%
Return per year
+23.87%
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.

JHSF3 fundamentals

Valuation

  • P/E
    3.76
  • P/B
    1.07
  • EV/EBITDA
    5.69
  • EV/EBIT
    5.84
  • EV/Revenue
    3.70
  • P/EBIT
    3.13
  • P/S
    1.98
  • P/OCF
    2.21
  • P/FCF
    7.35
  • Earnings yield
    17.13%
  • PEG ratio
    0.04
  • Earnings per share
    R$3.12
  • Book value per share
    R$10.98

Debt

  • Net debt
    R$7B
  • Net debt/EBITDA
    2.64
  • Net debt/Equity
    0.88
  • Debt/Equity
    1.42
  • Current ratio
    1.73
  • Quick ratio
    1.34
  • Cash ratio
    1.01

Efficiency

  • Gross margin
    63.24%
  • EBITDA margin
    64.98%
  • Operating margin
    63.32%
  • Net margin
    51.79%
  • Asset turnover
    0.21

Profitability

  • ROE
    28.40%
  • ROA
    11.00%
  • ROIC
    16.37%
  • Payout
    22.90%

Growth

  • Revenue CAGR (5 years)
    17.65%
  • Earnings CAGR (5 years)
    19.22%
  • Revenue growth (year)
    116.37%
  • Earnings growth (year)
    121.65%
  • Revenue growth (quarter)
    123.00%
  • Earnings growth (quarter)
    86.49%

What is JHSF3's fair price?

Two classic value formulas, with today's numbers. The current price is R$11.73.

Graham's fair price
R$27.75
136.55% above the price

√(22.50 × R$3.12 × R$10.98)

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$8.32
29.05% below the price

R$0.50 (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.

JHSF3's indicators by year

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

Indicator20252024202320222021202020192018
P/E2.853.228.365.513.808.3614.195.58
P/B0.760.470.720.660.841.411.500.45
EV/EBITDA4.527.379.448.575.378.199.407.68
Dividend yield7.83%19.36%10.13%4.16%7.10%2.93%1.63%0.00%
Earnings per shareR$2.78R$1.14R$0.67R$0.91R$1.46R$0.93R$0.50R$0.34
Book value per shareR$10.47R$7.76R$7.69R$7.60R$6.63R$5.55R$4.77R$4.28
ROE26.54%14.64%8.66%11.99%22.07%16.82%10.54%8.04%
ROIC16.53%8.38%6.02%7.98%15.62%12.99%9.47%7.84%
Gross margin63.44%57.11%59.13%59.65%69.44%69.23%48.75%50.19%
EBITDA margin72.58%80.69%61.08%50.09%58.32%71.91%99.83%70.44%
Net margin54.43%53.14%28.40%32.54%49.99%54.99%50.60%37.54%
Net debt/EBITDA2.385.255.564.992.121.802.214.71

JHSF3's financial statements

Line202520242023202220212020
Net revenueR$3.5BR$1.6BR$1.6BR$1.9BR$2BR$1.2B
Cost of revenue-R$1.3B-R$689.6M-R$651.3M-R$767.4M-R$613.5M-R$360.1M
Gross profitR$2.2BR$918.3MR$942.2MR$1.1BR$1.4BR$810.4M
EBITDAR$2.5BR$1.3BR$973.2MR$952.8MR$1.2BR$841.7M
EBITR$2.5BR$1.2BR$920.9MR$892.3MR$1.1BR$816.2M
Financial result-R$344.7M-R$228.3M-R$204.9M-R$179.5M-R$117.7M-R$65.1M
Income before taxR$2.1BR$995.4MR$716MR$712.8MR$995.8MR$751.1M
Income tax-R$247.7M-R$133.9M-R$218.1M-R$80.7M-R$14.5M-R$112.2M
Net incomeR$1.9BR$854.4MR$452.5MR$618.9MR$1BR$643.7M

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

JHSF3 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
JHSF3Jhsf Participacoes3.761.076.09%28.40%R$8B
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 JHSF3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend09/30/202610/09/2026R$0.07
Dividend10/28/202611/09/2026R$0.07
Dividend11/30/202612/09/2026R$0.07

Dividend yield per year

  • 0.00%2017
  • 0.00%2018
  • 1.63%2019
  • 2.93%2020
  • 7.10%2021
  • 4.16%2022
  • 10.13%2023
  • 19.36%2024
  • 7.83%2025
  • 5.29%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend08/28/202609/09/2026R$0.07
Dividend07/30/202608/10/2026R$0.07
Dividend07/01/202607/10/2026R$0.07
Dividend05/28/202606/09/2026R$0.07
Dividend04/29/202605/11/2026R$0.07
Dividend03/30/202604/09/2026R$0.07
Dividend02/26/202603/09/2026R$0.07
Dividend01/29/202602/09/2026R$0.07
Dividend01/20/202601/29/2026R$0.07
Dividend11/28/202512/09/2025R$0.03
Dividend10/30/202511/10/2025R$0.03
Dividend09/30/202510/09/2025R$0.03
See all 63 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/29/202509/09/2025R$0.03
Dividend07/31/202508/11/2025R$0.03
Dividend07/01/202507/10/2025R$0.03
Dividend05/29/202506/09/2025R$0.03
Dividend04/29/202505/09/2025R$0.03
Dividend04/03/202504/14/2025R$0.28
Dividend02/25/202503/10/2025R$0.03
Dividend01/30/202502/10/2025R$0.03
Dividend12/27/202401/09/2025R$0.03
Dividend11/28/202412/09/2024R$0.03
Dividend10/31/202411/11/2024R$0.03
Dividend09/30/202410/09/2024R$0.03
Dividend08/29/202409/09/2024R$0.03
Dividend07/31/202408/09/2024R$0.03
Dividend06/28/202407/10/2024R$0.03
Dividend05/29/202406/10/2024R$0.03
Dividend04/29/202405/09/2024R$0.03
Dividend03/28/202404/09/2024R$0.03
Dividend02/29/202403/11/2024R$0.03
Dividend01/31/202402/09/2024R$0.03
Dividend12/27/202301/09/2024R$0.37
Dividend09/11/202309/20/2023R$0.04
Dividend08/10/202308/21/2023R$0.04
Dividend07/26/202308/02/2023R$0.04
Dividend06/19/202306/28/2023R$0.05
Dividend05/18/202305/29/2023R$0.05
Dividend04/19/202304/28/2023R$0.05
Dividend04/18/202304/28/2023R$0.14
Dividend03/16/202303/27/2023R$0.05
Dividend02/14/202302/27/2023R$0.05
Dividend01/17/202301/26/2023R$0.05
Dividend12/15/202212/26/2022R$0.05
Dividend03/03/202203/14/2022R$0.16
Dividend10/14/202110/25/2021R$0.18
Dividend04/01/202104/12/2021R$0.21
Dividend10/07/202010/19/2020R$0.07
Dividend08/18/202008/28/2020R$0.08
Dividend12/27/201901/20/2020R$0.08
Dividend04/03/201904/11/2019R$0.12
Dividend11/07/201411/18/2014R$0.01
Dividend04/30/201305/15/2013R$0.12
Dividend01/24/201202/10/2012R$0.14
Dividend04/29/201106/13/2011R$0.23
Interest on equity10/27/201011/08/2010R$0.11
Interest on equity12/23/200901/12/2010R$0.12
Dividend04/28/200912/15/2009R$0.11
Dividend03/13/200803/27/2008R$0.04
Dividend04/30/2014—R$0.05
Dividend04/12/2013—R$0.07
Dividend03/26/2012—R$0.05
Dividend04/30/2010—R$0.07

About Jhsf Participacoes

Sector
Construção e Imobiliário
Segment
Incorporações
Listing segment
Novo Mercado
Tag along
100.00%
Free float
37.31%
Shares issued
683.76M common
Average daily trading
R$40.2M
Listed since
04/12/2007
CNPJ
08.294.224/0001-65

JHSF Participações S.A., listada na B3 sob o ticker JHSF3, atua em incorporação imobiliária e renda recorrente por meio de ativos de alta renda. O portfólio inclui projetos residenciais, shopping centers, hospitalidade e ativos associados à mobilidade e serviços, com concentração em empreendimentos premium. A companhia desenvolve e opera ativos próprios, combinando receita de vendas imobiliárias com receitas recorrentes de locação e operação. A estratégia corporativa é baseada em ativos de longo prazo e na gestão integrada de negócios imobiliários e de consumo, com presença no Brasil e projetos internacionais selecionados. O resultado financeiro tende a refletir tanto ciclos de lançamentos quanto desempenho dos ativos recorrentes, como shoppings e hospitalidade. Em comparação com incorporadoras focadas em baixa e média renda, JHSF3 possui exposição maior ao segmento de alta renda e turismo de padrão elevado.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
JHSF PAR S.A.Controlling39.71%0.00%39.71%
JHSF UK LIMITEDControlling12.10%0.00%12.10%
JOSÉ AURIEMO NETOControlling3.75%0.00%3.75%
Flatly Global Ltd.Controlling0.25%0.00%0.25%
Outros40.36%0.00%40.36%
Ações Tesouraria3.83%0.00%3.83%

Questions about JHSF3

How much is JHSF3 today?

JHSF3 is at R$11.73 (0.86% on the day), last traded on 09/30/2026.

How much did JHSF3 pay in dividends in 2025?

JHSF3 paid R$0.62 per share in 2025, a dividend yield of 7.83%.

When is the next JHSF3 dividend?

The next announced payment is R$0.07 per share on 10/09/2026.

What are the P/E and P/B of JHSF3?

JHSF3 trades at a P/E of 3.76 and a P/B of 1.07.

How much did JHSF3 return in 12 months?

JHSF3 returned 89.91% in 12 months, with annualized volatility of 44.96% and a largest drawdown of -10.91%.

What sector is JHSF3 in?

Jhsf Participacoes is in the Construção e Imobiliário sector, Incorporações segment.