B3 · BRL

SHUL3

Schulz S.A.

R$30.00+7.37% (R$2.06)
Day's range
R$30.00 – R$30.00
Day's volume
R$3K
52-week range
R$30.00 – R$30.00

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SHUL3 in numbers

Market cap
R$5.4B
P/E
41.29
P/B
6.85
Dividend yield (12m)
1.91%
Net debt/EBITDA
-0.60

SHUL3 trades at 41.29 times its earnings of the last 12 months.

SHUL3 price history

10/29/202610/30/2026
Compare with

SHUL3 fundamentals

Valuation

  • P/E41.29
  • P/B6.85
  • EV/EBITDA17.48
  • EV/EBIT26.99
  • EV/Revenue2.80
  • P/EBIT27.92
  • P/S2.90
  • P/OCF21.98
  • P/FCF32.88
  • Earnings yield3.71%
  • PEG ratio—
  • Earnings per shareR$0.73
  • Book value per shareR$4.38

Debt

  • Net debt-R$180.9M
  • Net debt/EBITDA-0.60
  • Net debt/Equity-0.12
  • Debt/Equity0.56
  • Current ratio2.40
  • Quick ratio1.96
  • Cash ratio1.25

Efficiency

  • Gross margin21.20%
  • EBITDA margin16.03%
  • Operating margin10.38%
  • Net margin13.90%
  • Asset turnover0.60

Profitability

  • ROE16.58%
  • ROA8.36%
  • ROIC13.78%
  • Payout78.96%

Growth

  • Revenue CAGR (5 years)5.43%
  • Earnings CAGR (5 years)8.01%
  • Revenue growth (year)-0.36%
  • Earnings growth (year)13.22%
  • Revenue growth (quarter)-7.35%
  • Earnings growth (quarter)-3.81%

What is SHUL3's fair price?

Two classic value formulas, with today's numbers. The current price is R$30.00.

Graham's fair price
R$8.46
71.79% below the price

√(22.50 × R$0.73 × R$4.38)

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$4.70
84.32% below the price

R$0.28 (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.

SHUL3's indicators by year

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

Indicator20252024202320222021202020192018
Earnings per shareR$0.81R$0.71R$0.78R$0.76R$0.54R$0.79R$1.09R$0.79
Book value per shareR$4.20R$3.99R$3.63R$3.12R$2.54R$4.15R$6.94R$6.05
ROE19.27%17.92%21.41%24.22%21.21%19.10%15.67%12.99%
ROIC17.35%18.90%24.14%26.20%16.37%11.70%11.49%11.59%
Gross margin23.52%25.81%26.03%25.96%22.24%22.97%21.77%23.78%
EBITDA margin16.84%18.47%19.09%20.91%17.15%17.75%12.98%12.89%
Net margin14.91%13.12%14.43%12.90%11.30%13.49%9.16%7.42%
Net debt/EBITDA-0.41-0.16-0.420.431.651.311.591.77

SHUL3's financial statements

Line202520242023202220212020
Net revenueR$1.9BR$1.9BR$1.9BR$2.1BR$1.7BR$1.1B
Cost of revenue-R$1.5B-R$1.4B-R$1.4B-R$1.5B-R$1.3B-R$809.8M
Gross profitR$456MR$502.2MR$501.3MR$543.4MR$379.3MR$241.4M
EBITDAR$326.5MR$359.4MR$367.7MR$437.7MR$292.4MR$186.6M
EBITR$238.3MR$290.3MR$304.3MR$379MR$240.5MR$143.7M
Financial resultR$52.1M-R$3.2MR$1.5M-R$78.7M-R$36.9MR$32.9M
Income before taxR$290.4MR$287.1MR$305.7MR$300.2MR$203.6MR$176.5M
Income tax-R$1.5M-R$31.9M-R$27.8M-R$30.3M-R$10.8M-R$34.7M
Net incomeR$289MR$255.3MR$278MR$270MR$192.7MR$141.8M

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

SHUL3 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
SHUL3Schulz41.296.851.91%16.58%R$5.4B
SHUL4SCHULZ S.A.5.590.9315.54%16.58%R$5.4B
WEGE3WEG S.A.32.2510.134.16%31.41%R$202.1B
FRAS3FRASLE MOBILITY S.A.19.362.253.07%11.62%R$5.7B
POMO4MARCOPOLO S.A.3.380.9625.88%28.32%R$4.4B
POMO3MARCOPOLO S.A.3.290.9326.55%28.32%R$4.4B
LEVE3MAHLE-METAL LEVE S.A.5.844.229.49%72.29%R$4.1B

Does SHUL3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Interest on equity09/24/202601/15/2027R$0.07
Dividend12/26/202509/30/2027R$0.09
Dividend12/26/202509/29/2028R$0.09

Dividend yield per year

  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • 2024
  • 2025
  • 1.05%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity06/25/202610/28/2026R$0.07
Dividend12/26/202509/30/2026R$0.08
Interest on equity03/26/202608/14/2026R$0.07
Interest on equity12/29/202502/25/2026R$0.09
Interest on equity09/25/202512/10/2025R$0.08
Interest on equity06/26/202509/02/2025R$0.07
Interest on equity03/27/202505/05/2025R$0.07
Interest on equity12/30/202401/30/2025R$0.09
Interest on equity09/26/202411/27/2024R$0.12
Interest on equity06/26/202408/22/2024R$0.10
Interest on equity12/27/202304/15/2024R$0.06
Interest on equity03/26/202404/11/2024R$0.12
See all 60 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity09/29/202301/23/2024R$0.06
Interest on equity06/26/202310/02/2023R$0.04
Interest on equity02/22/202307/04/2023R$0.06
Dividend04/03/202305/09/2023R$0.06
Interest on equity12/26/202202/03/2023R$0.06
Interest on equity09/26/202210/26/2022R$0.06
Interest on equity06/24/202207/15/2022R$0.03
Dividend04/19/202207/01/2022R$0.05
Interest on equity11/25/202112/15/2021R$0.04
Interest on equity09/24/202111/23/2021R$0.05
Interest on equity06/24/202108/20/2021R$0.04
Dividend04/20/202105/28/2021R$0.03
Interest on equity12/28/202003/31/2021R$0.06
Interest on equity11/17/202002/26/2021R$0.07
Interest on equity09/30/202010/21/2020R$0.10
Dividend06/29/202007/31/2020R$0.05
Interest on equity09/30/201910/09/2019R$0.14
Dividend04/11/201905/31/2019R$0.10
Interest on equity10/17/201810/26/2018R$0.18
Dividend05/03/201805/31/2018R$0.10
Interest on equity11/21/201711/30/2017R$0.10
Interest on equity10/28/201611/30/2016R$0.08
Dividend04/29/201605/31/2016R$0.04
Interest on equity11/13/201511/30/2015R$0.16
Dividend04/23/201505/27/2015R$0.07
Interest on equity10/23/201311/27/2013R$0.11
Interest on equity08/14/201210/04/2012R$0.05
Interest on equity08/03/201110/04/2011R$0.08
Dividend04/19/201107/04/2011R$0.09
Dividend04/27/201006/30/2010R$0.62
Interest on equity10/30/200911/13/2009R$0.13
Dividend05/02/2017—R$0.05
Interest on equity11/14/2014—R$0.16
Dividend03/27/2014—R$0.16
Dividend04/02/2013—R$0.09
Dividend04/10/2012—R$0.14
Interest on equity11/24/2010—R$0.42
Dividend04/11/2008—R$0.16
Interest on equity12/28/2007—R$0.53
Dividend04/25/2007—R$2.32
Dividend04/28/2006—R$2.46
Dividend04/29/2005—R$2.26
Dividend04/22/2004—R$0.90
Dividend04/30/2003—R$0.33
Dividend02/27/2002—R$0.30
Dividend04/30/1999—R$0.34
Dividend04/30/1997—R$0.16
Dividend04/30/1996—R$0.73
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Bonus shares04/13/2022100.00% in shares
Split12/02/20105 for 1
Reverse split04/25/20071 for 100

About Schulz

Sector
Bens Industriais
Segment
Motores . Compressores e Outros
Listing segment
Traditional
Tag along
80.00%
Free float
56.13%
Shares issued
152.69M common · 204.68M preferred
Average daily trading
R$3K
Listed since
01/10/1995
CNPJ
84.693.183/0001-68

Schulz S.A. é uma empresa brasileira fabricante de equipamentos de refrigeração e climatização, especializada na produção de compressores, unidades condensadoras e sistemas de ar condicionado. Fundada em 1961 em Santa Catarina, a Schulz é uma das principais fabricantes de equipamentos de refrigeração do Brasil, atendendo mercados doméstico e internacional. A companhia opera com tecnologia avançada e possui certificações internacionais de qualidade, garantindo produtos de alta performance e eficiência energética. A Schulz atua em diversos segmentos, incluindo refrigeração comercial, climatização residencial e industrial, e sistemas de ar condicionado. Com receita anual superior a R$ 400 milhões, a companhia é um importante player no segmento de equipamentos de refrigeração e climatização do Brasil. A empresa mantém presença significativa no mercado doméstico e exporta seus produtos para diversos países, consolidando sua posição como fabricante de referência em tecnologia de refrigeração.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
GERT HEINZ SCHULZControlling22.30%5.41%12.63%
WALDIR CARLOS SCHULZControlling22.35%5.18%12.51%
OVANDI ROSENSTOCKControlling18.31%4.33%10.30%
ELIANA ERNA SCHULZ MANTEUFEL18.67%0.00%7.98%
DORIANE BRAATZ18.29%0.00%7.82%
CLUBE DE INVESTIMENTOS SOL0.00%11.66%6.68%
SÉRGIO EDUARDO FERREIRA RODARTE0.00%8.26%4.73%
REAL INVESTOR MASTER FIA - BDR NIVEL I0.00%5.01%2.87%
TRIGONO FLAGSHIP SMALL CAPS MASTER FIA0.00%2.84%1.63%
REAL INVESTOR MASTER FUNDO DE INVESTIMENTO MULTIMERCADO0.00%1.50%0.86%
TRIGONO ICATU 100 FUNDO DE INVESTIMENTO EM ACOES PREVIDENCIA0.00%1.23%0.70%
REAL INVESTOR 100 PREV MASTER FUNDO DE INVESTIMENTO EM ACOES0.00%1.14%0.65%
TRIGONO VERBIER MASTER FUNDO DE INVESTIMENTO EM ACOES0.00%0.85%0.48%
REAL INVESTOR 70 PREVIDENCIA FIM0.00%0.57%0.33%
ALEXANDRE EDUARDO ROSENSTOCK0.00%0.39%0.22%
REAL INVESTOR ALPHA MASTER FIF DE AÇÕES RL0.00%0.32%0.19%
REAL INVESTOR 100 ICATU PREV MASTER FIA0.00%0.30%0.17%
RATIONAL INVESTOR FUNDO DE INVESTIMENTO EM ACOES0.00%0.26%0.15%
REAL INVESTOR INSTITUCIONAL MASTER FI EM AÇÕES - BDR NIVEL I0.00%0.26%0.15%
TRIGONO HORIZON MICROCAP MASTER FIA0.00%0.19%0.11%
REAL INVESTOR GERDAU PREV FIFA 8 RESP LIMITADA0.00%0.16%0.09%
REAL INVESTOR ITAU VIDA E PREVI MASTER FIF ACOES0.00%0.16%0.09%
REAL INVESTOR XP SEG PREV FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO0.00%0.14%0.08%
REAL INVESTOR ICATU PREV MASTER FIM0.00%0.10%0.06%
TRIGONO VERBIER 70 PREV FIM0.00%0.10%0.06%
REAL INVESTOR LONG SHORT MASTER FIF M RL0.00%0.04%0.02%
REAL INVESTOR 70 XP SEG ADVISORY PREV FI FIN MULT RESP LTDA0.00%0.03%0.02%
TRIGONO MULTISEG 100 FIFE PREVIDENCIA FIA0.00%0.03%0.02%
TRIGONO 70 PREVIDENCIARIO MASTER FUNDO DE INVESTIMENTO MULTIME0.00%0.01%0.01%
REAL INVESTOR ALOCACAO FUNDO DE INVESTIMENTO MULTIMERCADO0.00%0.01%0.00%
Outros0.08%49.16%28.19%
Ações Tesouraria0.00%0.40%0.23%

Questions about SHUL3

How much is SHUL3 today?

SHUL3 is at R$30.00 (7.37% on the day), last traded on 11/04/2026.

How much did SHUL3 pay in dividends in 2025?

SHUL3 paid R$0.31 per share in 2025, a dividend yield of —.

When is the next SHUL3 dividend?

The next announced payment is R$0.07 per share on 01/15/2027.

What are the P/E and P/B of SHUL3?

SHUL3 trades at a P/E of 41.29 and a P/B of 6.85.

What sector is SHUL3 in?

Schulz is in the Bens Industriais sector, Motores . Compressores e Outros segment.