B3 · BRL

JOPA3

Josapar Joaquim Oliveira SA Participacoes

R$19.95+11.45% (R$2.05)Updated 10/5/26, 11:20 AM

Day's range: R$19.00 – R$19.95
Day's volume: R$16K
52-week range: R$16.80 – R$22.00

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JOPA3 in numbers

Market cap: R$210.9M

P/E: 14.27

P/B: 0.34

Dividend yield (12m): 1.60%

Net debt/EBITDA: 5.39

The 12-month dividend yield of JOPA3 is 1.60%, below its 5-year average of 3.25%.

JOPA3 price history

10/06/202510/05/2026

Compare with

JOPA3 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+1.04%	-11.11%	-19.27%
Volatility (annualized)	28.62%	25.21%	23.04%
Largest drawdown	-22.27%	-28.18%	-32.77%
Positive months	5/12	11/36	19/60

How much did investing in JOPA3 return?

Amount invested

R$1,000.00 invested on 11/01/2021 would be worth R$807.30 today.

Value today in JOPA3: R$807.30

Return over the period: -19.27%

Return per year: -4.25%

In the Ibovespa: R$2,039.31

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

JOPA3 fundamentals

Valuation

P/E
14.27
P/B
0.34
EV/EBITDA
7.62
EV/EBIT
8.83
EV/Revenue
0.42
P/EBIT
2.59
P/S
0.12
P/OCF
1.28
P/FCF
5.30
Earnings yield
11.32%
PEG ratio
0.12
Earnings per share
R$1.40
Book value per share
R$58.23

Debt

Net debt
R$508.4M
Net debt/EBITDA
5.39
Net debt/Equity
0.66
Debt/Equity
1.70
Current ratio
2.38
Quick ratio
1.78
Cash ratio
1.08

Efficiency

Gross margin
25.72%
EBITDA margin
5.54%
Operating margin
4.78%
Net margin
0.97%
Asset turnover
0.71

Profitability

ROE
2.40%
ROA
0.69%
ROIC
2.75%
Payout
22.85%

Growth

Revenue CAGR (5 years)
-0.64%
Earnings CAGR (5 years)
-9.75%
Revenue growth (year)
-18.54%
Earnings growth (year)
-49.55%
Revenue growth (quarter)
-17.69%
Earnings growth (quarter)
109.19%

What is JOPA3's fair price?

Two classic value formulas, with today's numbers. The current price is R$19.95.

Graham's fair price: R$42.80; 114.53% above the price

√(22.50 × R$1.40 × R$58.23)

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$12.38; 37.93% below the price

R$0.74 (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.

JOPA3'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	17.92	9.44	13.80	7.80	9.91	11.64	26.74	10.09
P/B	0.28	0.29	0.30	0.32	0.42	0.53	0.43	0.37
EV/EBITDA	5.95	5.63	5.18	6.06	8.33	6.30	18.02	8.62
Dividend yield	3.15%	2.06%	3.91%	3.68%	3.47%	0.41%	2.40%	2.24%
Earnings per share	R$1.12	R$2.22	R$1.52	R$2.89	R$2.91	R$3.01	R$1.01	R$2.28
Book value per share	R$72.48	R$72.17	R$70.66	R$70.97	R$68.43	R$65.93	R$63.34	R$62.42
ROE	1.55%	3.08%	2.15%	4.07%	4.25%	4.56%	1.59%	3.65%
ROIC	4.69%	5.07%	7.89%	7.75%	4.38%	4.34%	2.45%	5.16%
Gross margin	24.44%	21.13%	21.58%	21.36%	19.84%	27.37%	27.48%	29.92%
EBITDA margin	5.74%	5.58%	6.69%	6.45%	5.03%	8.58%	3.67%	7.08%
Net margin	0.66%	1.06%	0.76%	1.35%	1.54%	2.03%	0.88%	2.18%
Net debt/EBITDA	3.90	3.83	3.61	4.43	5.31	3.54	11.64	5.51

JOPA3's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$1.8B	R$2.2B	R$2.1B	R$2.3B	R$2B	R$1.6B
Cost of revenue	-R$1.4B	-R$1.7B	-R$1.7B	-R$1.8B	-R$1.6B	-R$1.1B
Gross profit	R$440.4M	R$467.5M	R$457.3M	R$484.1M	R$397.4M	R$428M
EBITDA	R$103.4M	R$123.5M	R$141.7M	R$146.1M	R$100.8M	R$134.2M
EBIT	R$90.4M	R$109.6M	R$126.8M	R$130.1M	R$83.7M	R$117.4M
Financial result	-R$62.7M	-R$59.1M	-R$98.4M	-R$85.4M	-R$27.3M	-R$28.8M
Income before tax	R$27.7M	R$50.5M	R$28.4M	R$44.7M	R$56.4M	R$88.6M
Income tax	-R$10.9M	-R$21.6M	-R$6.2M	-R$7.5M	-R$19.2M	-R$50.2M
Net income	R$11.9M	R$23.5M	R$16.1M	R$30.5M	R$30.7M	R$31.8M

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

JOPA3 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
JOPA3Particip	14.27	0.34	1.60%	2.40%	R$210.9M
SUZB3SUZANO S.A.	6.86	1.13	2.53%	16.44%	R$56.1B
SLCE3SLC AGRICOLA S.A.	22.09	1.58	5.27%	7.16%	R$8.6B
UNIP6UNIPAR CARBOCLORO S.A.	25.45	3.39	10.80%	13.34%	R$6.5B
UNIP3UNIPAR CARBOCLORO S.A.	23.16	3.09	10.79%	13.34%	R$6.4B
UNIP5UNIPAR CARBOCLORO S.A.	24.62	3.28	11.17%	13.34%	R$6.5B
SMTO3SAO MARTINHO S.A.	9.17	0.87	1.12%	9.51%	R$6.4B

Does JOPA3 pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	05/04/2026	12/31/2026	R$0.32

Dividend yield per year

3.30%2017
2.24%2018
2.40%2019
0.41%2020
3.47%2021
3.68%2022
3.91%2023
2.06%2024
3.15%2025
0.00%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	04/30/2025	06/30/2025	R$0.63
Dividend	04/26/2024	07/05/2024	R$0.43
Dividend	04/27/2023	06/15/2023	R$0.82
Dividend	04/28/2022	06/15/2022	R$0.83
Dividend	04/29/2021	08/10/2021	R$0.29
Dividend	04/29/2021	07/08/2021	R$0.29
Dividend	04/29/2021	06/10/2021	R$0.29
Dividend	07/31/2020	02/11/2021	R$0.07
Dividend	07/31/2020	01/11/2021	R$0.07
Dividend	07/31/2020	10/08/2020	R$0.07
Dividend	07/31/2020	09/08/2020	R$0.07
Dividend	04/29/2019	09/02/2019	R$0.22

See all 45 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	04/29/2019	08/01/2019	R$0.22
Dividend	04/29/2019	07/01/2019	R$0.22
Dividend	04/26/2018	06/12/2018	R$0.52
Dividend	04/27/2017	05/15/2017	R$0.83
Dividend	04/28/2016	08/16/2016	R$0.22
Dividend	04/28/2016	07/12/2016	R$0.22
Dividend	04/28/2016	06/15/2016	R$0.22
Dividend	04/27/2015	06/10/2015	R$0.55
Dividend	04/24/2014	06/17/2014	R$0.52
Dividend	07/12/2013	10/18/2013	R$3.30
Dividend	04/23/2013	06/05/2013	R$0.90
Dividend	04/28/2010	06/22/2010	R$0.09
Dividend	04/29/2009	07/10/2009	R$0.74
Dividend	04/25/2007	12/26/2007	R$0.61
Dividend	07/31/2020	—	R$0.14
Dividend	04/26/2012	—	R$0.50
Dividend	05/02/2011	—	R$0.33
Dividend	04/28/2008	—	R$0.59
Dividend	05/19/2006	—	R$0.62
Interest on equity	05/19/2006	—	R$0.14
Interest on equity	05/18/2005	—	R$0.36
Interest on equity	07/24/2003	—	R$0.25
Interest on equity	01/21/2000	—	R$0.15
Interest on equity	01/18/1999	—	R$0.43
Interest on equity	01/06/1999	—	R$0.04
Interest on equity	01/06/1999	—	R$0.03
Interest on equity	01/06/1999	—	R$0.03
Dividend	05/04/1998	—	R$0.02
Dividend	12/16/1997	—	R$0.01
Dividend	01/03/1997	—	R$0.09
Dividend	05/08/1996	—	R$0.14
Dividend	04/12/1996	—	R$0.01
Dividend	01/09/1996	—	R$0.04

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Reverse split	02/24/1995	1 for 100
Bonus shares	01/22/1991	3.10% in shares

About Particip

Sector: Consumo Não Cíclico
Segment: Alimentos Diversos
Listing segment: Traditional
Tag along: 80.00%
Free float: 18.05%
Shares issued: 10.45M common · 131.37K preferred
Average daily trading: R$8.2K
Listed since: 01/02/1989
CNPJ: 87.456.562/0001-22

Josapar - Joaquim Oliveira S.A. Participações, negociada na B3 sob o ticker JOPA3, é uma empresa brasileira do setor de consumo não cíclico classificada em alimentos diversos. A companhia atua principalmente no beneficiamento, industrialização e comercialização de arroz e feijão, com marcas tradicionais no varejo nacional e presença consolidada no segmento de alimentos básicos de giro alto. O modelo de negócios combina compra de matéria-prima agrícola, processamento industrial e distribuição para redes de varejo e atacado. Como empresa de alimentos essenciais, a demanda tende a ser menos volátil que em categorias discricionárias, embora margens dependam de custos agrícolas, logística e dinâmica competitiva no ponto de venda. JOPA3 representa um emissor tradicional do setor alimentício brasileiro, com foco em produtos de cesta básica e reconhecimento de marca no mercado doméstico.

Investor website

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
PEROLI S/A PARTICIPACOESControlling	66.35%	0.38%	65.53%
LOSAPAR S/A PARTICIPAÇÕES	14.72%	0.00%	14.53%
Bradesco Auto/RE Companhia de Seguros	0.00%	39.96%	0.50%
BANRISUL FUNDO DE INVESTIMENTO EM ACOES	0.00%	15.68%	0.20%
JOSE OSWALDO MORALES JUNIOR	0.00%	13.70%	0.17%
SANTIAGO SANTOS GOTTSCHALL	0.00%	6.09%	0.08%
Outros	18.94%	24.18%	19.00%

Questions about JOPA3

How much is JOPA3 today?

JOPA3 is at R$19.95 (11.45% on the day), last traded on 10/05/2026.

How much did JOPA3 pay in dividends in 2025?

JOPA3 paid R$0.63 per share in 2025, a dividend yield of 3.15%.

When is the next JOPA3 dividend?

The next announced payment is R$0.32 per share on 12/31/2026.

What are the P/E and P/B of JOPA3?

JOPA3 trades at a P/E of 14.27 and a P/B of 0.34.

How much did JOPA3 return in 12 months?

JOPA3 returned 1.04% in 12 months, with annualized volatility of 28.62% and a largest drawdown of -22.27%.

What sector is JOPA3 in?

Particip is in the Consumo Não Cíclico sector, Alimentos Diversos segment.