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B3 · BRL

MOTV3

Motiva Infraestrutura de Mobilidade SA

R$17.05+1.79% (R$0.30)
Day's range
R$16.60 – R$16.96
Day's volume
R$224.3M
52-week range
R$13.52 – R$17.82

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See how MOTV3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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MOTV3 in numbers

Market cap
R$34.2B
P/E
8.88
P/B
1.94
Dividend yield (12m)
5.46%
Net debt/EBITDA
7.32

The 12-month dividend yield of MOTV3 is 5.46%, above its 5-year average of 2.72%.

MOTV3 price history

10/01/202510/01/2026
Compare with

MOTV3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+12.81%+56.84%+73.01%
Volatility (annualized)22.67%26.00%26.82%
Largest drawdown-15.51%-25.83%-25.83%
Positive months8/1223/3635/60

How much did investing in MOTV3 return?

R$1,000.00 invested on 10/01/2021 would be worth R$1,743.41 today.

Value today in MOTV3
R$1,743.41
Return over the period
+74.34%
Return per year
+11.76%
In the Ibovespa
R$1,808.65

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

MOTV3 fundamentals

Valuation

  • P/E
    8.88
  • P/B
    1.94
  • EV/EBITDA
    10.94
  • EV/EBIT
    13.17
  • EV/Revenue
    5.50
  • P/EBIT
    4.35
  • P/S
    1.82
  • P/OCF
    5.77
  • P/FCF
    12.68
  • Earnings yield
    7.59%
  • PEG ratio
    0.10
  • Earnings per share
    R$1.92
  • Book value per share
    R$8.78

Debt

  • Net debt
    R$69.3B
  • Net debt/EBITDA
    7.32
  • Net debt/Equity
    3.84
  • Debt/Equity
    4.43
  • Current ratio
    1.77
  • Quick ratio
    1.74
  • Cash ratio
    0.69

Efficiency

  • Gross margin
    47.88%
  • EBITDA margin
    50.33%
  • Operating margin
    41.79%
  • Net margin
    21.89%
  • Asset turnover
    0.24

Profitability

  • ROE
    21.85%
  • ROA
    5.20%
  • ROIC
    6.16%
  • Payout
    48.52%

Growth

  • Revenue CAGR (5 years)
    10.24%
  • Earnings CAGR (5 years)
    41.30%
  • Revenue growth (year)
    -13.46%
  • Earnings growth (year)
    162.64%
  • Revenue growth (quarter)
    -10.76%
  • Earnings growth (quarter)
    86.22%

What is MOTV3's fair price?

Two classic value formulas, with today's numbers. The current price is R$17.05.

Graham's fair price
R$19.48
14.24% above the price

√(22.50 × R$1.92 × R$8.78)

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$5.47
67.91% below the price

R$0.33 (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.

MOTV3's indicators by year

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

Indicator20252024202320222021202020192018
P/E9.2816.4516.805.2933.83142.4326.6628.90
P/B1.871.472.191.852.753.434.542.68
EV/EBITDA10.2110.319.625.409.3011.9111.7812.60
Dividend yield3.22%4.10%1.36%3.51%1.42%3.58%4.02%5.30%
Earnings per shareR$1.62R$0.62R$0.84R$2.05R$0.34R$0.09R$0.71R$0.39
Book value per shareR$8.06R$6.93R$6.47R$5.85R$4.24R$3.93R$4.18R$4.17
ROE20.14%8.92%13.04%34.96%8.12%2.41%17.04%9.28%
ROIC7.29%4.54%6.45%11.26%3.23%0.76%6.30%3.22%
Gross margin47.44%33.68%42.88%58.37%37.92%34.64%42.40%39.77%
EBITDA margin46.68%32.80%41.18%61.75%55.50%45.06%51.83%39.29%
Net margin17.40%5.73%9.00%21.55%5.68%1.93%13.58%8.06%
Net debt/EBITDA6.757.435.953.565.845.814.806.68

MOTV3's financial statements

Line202520242023202220212020
Net revenueR$18.9BR$21.8BR$18.9BR$19.2BR$12.2BR$9.9B
Cost of revenue-R$9.9B-R$14.4B-R$10.8B-R$8B-R$7.6B-R$6.5B
Gross profitR$8.9BR$7.3BR$8.1BR$11.2BR$4.6BR$3.4B
EBITDAR$8.8BR$7.1BR$7.8BR$11.8BR$6.8BR$4.5B
EBITR$7.3BR$5.4BR$6.2BR$10.1BR$3.6BR$2B
Financial result-R$3.1B-R$3.1B-R$3.2B-R$3.1B-R$1.8B-R$1.4B
Income before taxR$4.1BR$2.3BR$3BR$7BR$1.9BR$681.4M
Income tax-R$997.9M-R$1B-R$1.2B-R$2.8B-R$1.1B-R$595.2M
Net incomeR$3.3BR$1.2BR$1.7BR$4.1BR$695.6MR$191M

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

MOTV3 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
MOTV3Motiva Infraestrutura De Mobilidade8.881.945.46%21.85%R$34.2B
RAIL3RUMO S.A.24.682.090.67%8.48%R$30.3B

Does MOTV3 pay dividends?

Dividend yield per year

  • 3.94%2017
  • 5.30%2018
  • 4.02%2019
  • 3.58%2020
  • 1.42%2021
  • 3.51%2022
  • 1.36%2023
  • 4.10%2024
  • 3.22%2025
  • 4.64%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity09/04/202609/17/2026R$0.72
Dividend04/20/202604/30/2026R$0.06
Dividend12/10/202512/19/2025R$0.15
Dividend08/05/202508/15/2025R$0.18
Dividend04/23/202505/06/2025R$0.16
Dividend11/05/202411/29/2024R$0.15
Dividend04/18/202404/30/2024R$0.27
Dividend10/30/202311/30/2023R$0.16
Dividend04/19/202305/02/2023R$0.04
Dividend11/01/202211/30/2022R$0.29
Dividend04/19/202204/29/2022R$0.09
Dividend11/30/202112/15/2021R$0.08
See all 62 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend04/08/202104/30/2021R$0.09
Dividend10/01/202010/30/2020R$0.18
Dividend04/09/202004/23/2020R$0.30
Dividend10/18/201910/31/2019R$0.47
Dividend05/07/201905/16/2019R$0.30
Dividend10/23/201810/31/2018R$0.40
Dividend04/16/201804/30/2018R$0.20
Dividend10/19/201710/31/2017R$0.44
Dividend04/11/201704/28/2017R$0.20
Dividend11/09/201611/18/2016R$0.42
Dividend03/15/201604/29/2016R$0.28
Dividend12/17/201512/30/2015R$0.05
Dividend10/02/201510/30/2015R$0.49
Dividend10/01/201510/29/2015R$0.49
Dividend04/16/201504/30/2015R$0.06
Dividend04/15/201504/29/2015R$0.06
Dividend09/26/201410/31/2014R$0.74
Dividend09/25/201410/30/2014R$0.74
Dividend04/15/201404/30/2014R$0.06
Dividend09/26/201310/31/2013R$0.68
Dividend09/25/201309/25/2013R$0.68
Dividend04/18/201304/30/2013R$0.06
Dividend09/28/201210/31/2012R$0.54
Dividend09/27/201209/27/2012R$0.54
Dividend04/13/201204/27/2012R$0.06
Dividend08/29/201109/30/2011R$1.59
Dividend08/26/201108/28/2011R$1.59
Dividend04/19/201104/29/2011R$0.23
Dividend04/18/201104/18/2011R$0.23
Dividend09/20/201009/30/2010R$1.70
Dividend09/17/201009/19/2010R$1.70
Dividend04/28/201005/05/2010R$0.23
Dividend04/27/201004/27/2010R$0.23
Dividend08/12/200909/30/2009R$1.16
Dividend08/11/200908/11/2009R$1.16
Dividend04/15/200904/30/2009R$0.10
Dividend04/15/200904/30/2009R$0.25
Dividend04/14/200904/14/2009R$0.10
Dividend04/14/200904/14/2009R$0.25
Dividend08/11/200809/30/2008R$1.00
Dividend03/27/200804/11/2008R$0.50
Dividend08/09/200708/31/2007R$0.82
Dividend03/29/200704/10/2007R$0.50
Dividend08/10/200608/31/2006R$0.63
Dividend03/29/200604/17/2006R$0.25
Dividend09/01/200509/27/2005R$2.00
Dividend03/31/200504/11/2005R$1.00
Dividend08/09/200409/02/2004R$1.00
Dividend03/18/200404/19/2004R$0.59
Dividend04/10/200304/23/2003R$0.35
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Split11/28/20114 for 1
Split02/02/20064 for 1

About Motiva Infraestrutura De Mobilidade

Sector
Infraestrutura
Segment
Exploração de Rodovias
Listing segment
Novo Mercado
Tag along
100.00%
Free float
44.96%
Shares issued
2.02B common
Average daily trading
R$170.2M
Ibovespa weight
0.64%
Listed since
02/01/2002
CNPJ
02.846.056/0001-97

Motiva S.A. é uma empresa brasileira atuante no segmento de exploração de rodovias e infraestrutura de transportes, listada na B3 sob o ticker MOTV3. A companhia opera concessões de rodovias, oferecendo serviços integrados de manutenção, operação, gestão de tráfego e administração de estradas. Motiva atua na operação de rodovias federais e estaduais, mantendo infraestrutura viária, cobrando pedágios e oferecendo serviços de segurança e atendimento ao usuário. A empresa opera com foco em segurança viária, qualidade de infraestrutura, eficiência operacional e sustentabilidade ambiental. Motiva está posicionada como um player importante no segmento de exploração de rodovias no Brasil, contribuindo para a manutenção e melhoria da infraestrutura de transportes rodoviários.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
Votorantim S.AControlling10.33%100.00%18.73%
SUCEA PARTICIPAÇÕES S.A. (ANTERIORMENTE CAMARGO CORRÊA INVESTIMENTOS EM INFRA-ESTRUTURA S.A.)Controlling13.32%0.00%12.07%
OPPER INVESTIMENTOS S.A. (ANTIGA SOARES PENIDO CONCESSÕES S.A.)Controlling10.43%0.00%9.45%
Itaúsa S.A.Controlling10.33%0.00%9.36%
BlackRock, Inc.5.01%0.00%4.54%
SOU INVESTIMENTOS LTDA.Controlling1.99%0.00%1.80%
DOIS VALES LTDA.Controlling1.96%0.00%1.78%
SINCRO Participações S.A. (anteriormente denominada CC Investimentos e Participações S.A.)Controlling1.54%0.00%1.39%
Outros44.63%0.00%40.45%
Ações Tesouraria0.47%0.00%0.43%

Questions about MOTV3

How much is MOTV3 today?

MOTV3 is at R$17.05 (1.79% on the day), last traded on 10/01/2026.

How much did MOTV3 pay in dividends in 2025?

MOTV3 paid R$0.48 per share in 2025, a dividend yield of 3.22%.

What are the P/E and P/B of MOTV3?

MOTV3 trades at a P/E of 8.88 and a P/B of 1.94.

How much did MOTV3 return in 12 months?

MOTV3 returned 12.81% in 12 months, with annualized volatility of 22.67% and a largest drawdown of -15.51%.

What sector is MOTV3 in?

Motiva Infraestrutura De Mobilidade is in the Infraestrutura sector, Exploração de Rodovias segment.