B3 · BRL
MSPA4
Cia Melhoramentos de Sao Paulo Pfd
- Day's range
- R$33.00 – R$33.00
- Day's volume
- R$3.3K
- 52-week range
- R$33.00 – R$41.00
Follow MSPA4 in the Fuolio
See how MSPA4 weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountMSPA4 in numbers
- Market cap
- R$236.1M
- P/E
- -4.49
- P/B
- 0.27
- Dividend yield (12m)
- 0.00%
- Net debt/EBITDA
- 392.43
MSPA4 price history
MSPA4 risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -17.75% | -16.48% | -27.26% |
| Volatility (annualized) | 15.87% | 11.94% | 10.51% |
| Largest drawdown | -19.51% | -19.51% | -28.81% |
| Positive months | 2/12 | 6/36 | 7/60 |
How much did investing in MSPA4 return?
R$1,000.00 invested on 11/01/2021 would be worth R$727.37 today.
- Value today in MSPA4
- R$727.37
- Return over the period
- -27.26%
- Return per year
- -6.17%
- In the Ibovespa
- R$1,624.19
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
MSPA4 fundamentals
Valuation
- P/E-4.49
- P/B0.27
- EV/EBITDA880.32
- EV/EBIT-15.26
- EV/Revenue2.42
- P/EBIT-8.46
- P/S1.34
- P/OCF9.10
- P/FCF-7.31
- Earnings yield-6.55%
- PEG ratio—
- Earnings per share-R$7.35
- Book value per shareR$121.28
Debt
- Net debtR$189.9M
- Net debt/EBITDA392.43
- Net debt/Equity0.24
- Debt/Equity0.29
- Current ratio0.77
- Quick ratio0.59
- Cash ratio0.23
Efficiency
- Gross margin24.85%
- EBITDA margin0.27%
- Operating margin-15.83%
- Net margin-26.70%
- Asset turnover0.12
Profitability
- ROE-6.06%
- ROA-3.30%
- ROIC-2.55%
- Payout—
Growth
- Revenue CAGR (5 years)7.24%
- Earnings CAGR (5 years)—
- Revenue growth (year)8.56%
- Earnings growth (year)-1,087.38%
- Revenue growth (quarter)1.98%
- Earnings growth (quarter)-313.39%
What is MSPA4's fair price?
Two classic value formulas, with today's numbers. The current price is R$33.00.
- Graham's fair price
- —
- Does not apply to MSPA4: the formula needs positive earnings and book value.
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$1.71
- 94.82% below the price
R$0.10 (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.
MSPA4'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 | -7.74 | 70.20 | 32.52 | 173.68 | -9.06 | -4.92 | -9.02 | 65.92 |
| P/B | 0.31 | 0.27 | 0.31 | 0.32 | 0.36 | 0.33 | 0.37 | 0.34 |
| EV/EBITDA | 33.76 | 7.16 | 5.44 | 21.40 | — | — | — | — |
| Dividend yield | 0.34% | 0.88% | 0.15% | 0.00% | 0.00% | 0.00% | 0.85% | 11.75% |
| Earnings per share | -R$5.11 | R$0.52 | R$1.23 | R$0.24 | -R$5.08 | -R$8.56 | -R$5.71 | R$0.73 |
| Book value per share | R$126.77 | R$132.18 | R$130.92 | R$128.95 | R$128.57 | R$129.21 | R$137.92 | R$143.60 |
| ROE | -4.03% | 0.39% | 0.94% | 0.18% | -3.95% | -6.63% | -4.14% | 0.51% |
| ROIC | -1.25% | 0.64% | 1.55% | 0.00% | -2.97% | -5.73% | -4.55% | -1.99% |
| Gross margin | 34.94% | 35.81% | 42.53% | 35.11% | 25.55% | 22.36% | 37.20% | 47.89% |
| EBITDA margin | 7.22% | 31.05% | 37.16% | 8.81% | -2.64% | -46.36% | -21.97% | -2.61% |
| Net margin | -18.47% | 2.03% | 4.47% | 0.75% | -22.55% | -54.53% | -30.06% | 3.41% |
| Net debt/EBITDA | 13.98 | 2.57 | 1.53 | 6.56 | — | — | — | — |
MSPA4's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | R$177.1M | R$163.1M | R$176.3M | R$201M | R$144.2M | R$100.6M |
| Cost of revenue | -R$115.2M | -R$104.7M | -R$101.3M | -R$130.4M | -R$107.3M | -R$78.1M |
| Gross profit | R$61.9M | R$58.4M | R$75M | R$70.6M | R$36.8M | R$22.5M |
| EBITDA | R$12.8M | R$50.7M | R$65.5M | R$17.7M | -R$3.8M | -R$46.6M |
| EBIT | -R$13.1M | R$34.6M | R$35.3M | R$4.1M | -R$30.2M | -R$65.6M |
| Financial result | -R$21.6M | -R$16.4M | -R$16.2M | -R$12.9M | -R$6.4M | -R$5.4M |
| Income before tax | -R$34.8M | R$18.3M | R$19.1M | -R$8.8M | -R$36.6M | -R$71M |
| Income tax | R$2.1M | -R$14.9M | -R$11.2M | R$10.3M | R$4.1M | R$16.1M |
| Net income | -R$32.7M | R$3.3M | R$7.9M | R$1.5M | -R$32.5M | -R$54.8M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
MSPA4 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 |
|---|---|---|---|---|---|
| MSPA4Cia Melhoramentos De Sao Paulo | -4.49 | 0.27 | 0.00% | -6.06% | R$236.1M |
| SUZB3SUZANO S.A. | 7.95 | 1.31 | 2.18% | 16.44% | R$65B |
| SLCE3SLC AGRICOLA S.A. | 21.48 | 1.54 | 4.81% | 7.16% | R$8.3B |
| SMTO3SAO MARTINHO S.A. | 8.59 | 0.95 | 1.03% | 11.00% | R$7B |
| UNIP6UNIPAR CARBOCLORO S.A. | 21.25 | 2.83 | 12.94% | 13.34% | R$6B |
| UNIP3UNIPAR CARBOCLORO S.A. | 21.06 | 2.81 | 11.87% | 13.34% | R$6B |
| UNIP5UNIPAR CARBOCLORO S.A. | 23.22 | 3.10 | 11.84% | 13.34% | R$6B |
Does MSPA4 pay dividends?
Dividend yield per year
- 14.81%2017
- 11.75%2018
- 0.85%2019
- 0.00%2020
- 0.00%2021
- 0.00%2022
- 0.15%2023
- 0.88%2024
- 0.34%2025
- 0.00%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 04/30/2025 | 06/27/2025 | R$0.13 |
| Dividend | 04/29/2024 | 12/16/2024 | R$0.32 |
| Dividend | 04/28/2023 | 05/15/2023 | R$0.06 |
| Dividend | 04/29/2019 | 05/15/2019 | R$0.44 |
| Dividend | 10/05/2018 | 10/19/2018 | R$2.53 |
| Dividend | 04/30/2018 | 05/14/2018 | R$3.14 |
| Dividend | 05/12/2017 | 09/15/2017 | R$3.10 |
| Dividend | 05/12/2017 | 05/19/2017 | R$3.12 |
| Dividend | 08/26/2016 | 09/30/2016 | R$1.31 |
| Event | Last day to own | Ratio |
|---|---|---|
| Reverse split | 05/20/1994 | 1 for 1000 |
| Bonus shares | 06/30/1989 | 900.00% in shares |
About Cia Melhoramentos De Sao Paulo
- Listing segment
- Traditional
- Tag along
- Set by the bylaws
- Free float
- 11.99%
- Shares issued
- 5.63M common · 773.5K preferred
- Average daily trading
- R$3.4K
- Listed since
- 08/08/1910
- CNPJ
- 60.730.348/0001-66
| Shareholder | Common | Preferred | Total |
|---|---|---|---|
| ERGELA PARTICIPAÇÕES LTDAControlling | 21.69% | 10.77% | 20.37% |
| HDW AGRO PECUARIA E PARTICIPAÇÕES LTDAControlling | 20.05% | 2.81% | 17.96% |
| INGOJUCAR PARTICIPACOES LTDAControlling | 17.29% | 12.23% | 16.68% |
| BRUPAN PARTICIPAÇÕES LTDAControlling | 13.81% | 2.59% | 12.45% |
| WALADI PARTICIPACOES LTDAControlling | 12.03% | 0.02% | 10.58% |
| ANA MARIA DE MORAES VELLOSOControlling | 8.95% | 3.02% | 8.24% |
| TRIFE PARTICIPACOES LTDAControlling | 0.02% | 12.70% | 1.55% |
| DORA CARMEN A S WEIZFLOGControlling | 0.19% | 0.23% | 0.19% |
| ALFREDO WEISZFLOGControlling | 0.03% | 0.03% | 0.03% |
| WALTER WEISZFLOGControlling | 0.03% | 0.03% | 0.03% |
| INGO PLÖGERControlling | 0.02% | 0.03% | 0.02% |
| Outros | 5.86% | 55.02% | 11.79% |
| Ações Tesouraria | 0.04% | 0.53% | 0.10% |
Questions about MSPA4
How much is MSPA4 today?
MSPA4 is at R$33.00 (-2.94% on the day), last traded on 11/03/2026.
How much did MSPA4 pay in dividends in 2025?
MSPA4 paid R$0.13 per share in 2025, a dividend yield of 0.34%.
What are the P/E and P/B of MSPA4?
MSPA4 trades at a P/E of -4.49 and a P/B of 0.27.
How much did MSPA4 return in 12 months?
MSPA4 returned -17.75% in 12 months, with annualized volatility of 15.87% and a largest drawdown of -19.51%.