B3 · BRL

TASA4

Taurus Armas S.A. Pfd

R$8.14-1.81% (-R$0.15)Updated 10/1/26, 5:05 PM

Day's range: R$8.23 – R$8.51
Day's volume: R$2M
52-week range: R$4.06 – R$9.49

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TASA4 in numbers

Market cap: R$1.2B

P/E: 42.50

P/B: 0.88

Dividend yield (12m): 0.04%

Net debt/EBITDA: 2.76

The 12-month dividend yield of TASA4 is 0.04%, below its 5-year average of 6.37%.

TASA4 price history

10/01/202510/01/2026

Compare with

TASA4 risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+63.35%	-35.52%	-45.57%
Volatility (annualized)	56.98%	40.82%	39.32%
Largest drawdown	-19.67%	-65.06%	-75.67%
Positive months	7/12	14/36	26/60

How much did investing in TASA4 return?

Amount invested

R$1,000.00 invested on 10/01/2021 would be worth R$536.34 today.

Value today in TASA4: R$536.34

Return over the period: -46.37%

Return per year: -11.72%

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.

TASA4 fundamentals

Valuation

P/E
42.50
P/B
0.88
EV/EBITDA
10.22
EV/EBIT
17.30
EV/Revenue
1.11
P/EBIT
12.63
P/S
0.81
P/OCF
3.43
P/FCF
9.52
Earnings yield
5.78%
PEG ratio
—
Earnings per share
R$0.19
Book value per share
R$9.22

Debt

Net debt
R$426.1M
Net debt/EBITDA
2.76
Net debt/Equity
0.33
Debt/Equity
0.57
Current ratio
1.72
Quick ratio
0.82
Cash ratio
0.39

Efficiency

Gross margin
32.24%
EBITDA margin
10.82%
Operating margin
6.39%
Net margin
1.87%
Asset turnover
0.59

Profitability

ROE
2.08%
ROA
1.10%
ROIC
2.48%
Payout
1.62%

Growth

Revenue CAGR (5 years)
-8.73%
Earnings CAGR (5 years)
-47.09%
Revenue growth (year)
-12.53%
Earnings growth (year)
-76.93%
Revenue growth (quarter)
-8.94%
Earnings growth (quarter)
-77.47%

What is TASA4's fair price?

Two classic value formulas, with today's numbers. The current price is R$8.14.

Graham's fair price: R$6.30; 22.56% below the price

√(22.50 × R$0.19 × R$9.22)

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$11.75; 44.40% above the price

R$0.71 (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.

TASA4'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	36.81	15.00	12.60	3.25	4.61	5.89	12.21	-5.77
P/B	0.52	0.89	1.76	1.65	3.87	36.73	-1.74	-0.85
EV/EBITDA	11.55	6.36	8.85	2.36	3.36	4.97	10.30	15.43
Dividend yield	4.34%	4.05%	10.10%	13.38%	0.00%	0.00%	0.00%	0.00%
Earnings per share	R$0.13	R$0.55	R$1.21	R$4.11	R$5.34	R$2.63	R$0.49	-R$0.70
Book value per share	R$8.96	R$9.29	R$8.62	R$8.09	R$6.37	R$0.42	-R$3.44	-R$4.77
ROE	1.42%	5.92%	13.99%	50.77%	83.89%	623.63%	-14.26%	14.71%
ROIC	1.11%	11.57%	11.30%	43.63%	57.67%	55.30%	21.82%	4.52%
Gross margin	34.33%	34.82%	35.42%	45.69%	48.09%	42.60%	34.08%	36.39%
EBITDA margin	7.24%	15.10%	14.26%	31.19%	36.58%	26.02%	12.81%	9.34%
Net margin	1.21%	4.58%	8.57%	20.47%	23.17%	14.87%	4.34%	-7.08%
Net debt/EBITDA	5.40	1.81	1.28	0.23	0.44	1.61	6.16	11.06

TASA4's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	R$1.5B	R$1.7B	R$1.8B	R$2.5B	R$2.7B	R$1.8B
Cost of revenue	-R$960.8M	-R$1.1B	-R$1.2B	-R$1.4B	-R$1.4B	-R$1B
Gross profit	R$502.2M	R$582.4M	R$631.2M	R$1.2B	R$1.3B	R$755.3M
EBITDA	R$105.9M	R$252.6M	R$254.1M	R$792.2M	R$1B	R$461.5M
EBIT	R$52.1M	R$209M	R$218.7M	R$760.9M	R$973.6M	R$434.3M
Financial result	-R$6.7M	-R$130M	-R$10M	-R$4.7M	-R$72.3M	-R$249.6M
Income before tax	R$45.4M	R$79M	R$208.7M	R$756.1M	R$901.3M	R$184.7M
Income tax	-R$27.8M	-R$2.4M	-R$55.9M	-R$233.3M	-R$263.9M	R$68.6M
Net income	R$17.7M	R$76.6M	R$152.8M	R$520M	R$635.1M	R$263.6M

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

TASA4 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
TASA4Taurus Armas	42.50	0.88	0.04%	2.08%	R$1.2B
TASA3TAURUS ARMAS S.A.	43.81	0.91	0.04%	2.08%	R$1.2B
EMBJ3EMBJ3	30.94	4.02	1.17%	13.01%	R$72.1B
MLAS3GRUPO MULTI S.A.	5.09	0.48	2.68%	9.38%	R$1.5B
POSI3POSITIVO TECNOLOGIA S.A.	42.55	0.34	4.80%	0.80%	R$530.3M
PDTC3PADTEC HOLDING S.A.	6.86	0.88	0.00%	12.83%	R$124M

Does TASA4 pay dividends?

Dividend yield per year

0.00%2017
0.00%2018
0.00%2019
0.00%2020
0.00%2021
13.38%2022
10.10%2023
4.05%2024
4.34%2025
0.04%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	04/29/2026	06/15/2026	R$0.00
Dividend	04/29/2025	09/23/2025	R$0.07
Dividend	04/29/2025	07/22/2025	R$0.07
Dividend	04/29/2025	05/20/2025	R$0.07
Dividend	04/30/2024	07/10/2024	R$0.30
Dividend	08/21/2023	08/31/2023	R$0.10
Dividend	04/28/2023	05/09/2023	R$1.30
Dividend	04/19/2022	04/29/2022	R$1.62
Interest on equity	11/19/2012	05/26/2013	R$0.03
Dividend	08/16/2012	11/21/2012	R$0.07
Interest on equity	11/17/2011	04/02/2012	R$0.10
Interest on equity	08/10/2011	10/17/2011	R$0.03

See all 35 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	04/29/2011	05/12/2011	R$0.00
Interest on equity	11/17/2010	01/31/2011	R$0.10
Interest on equity	06/30/2010	07/19/2010	R$0.07
Dividend	04/30/2010	05/07/2010	R$0.00
Interest on equity	11/17/2009	01/28/2010	R$0.14
Interest on equity	11/26/2008	03/16/2009	R$0.20
Interest on equity	11/27/2007	01/31/2008	R$0.16
Dividend	04/16/2007	04/30/2007	R$0.01
Interest on equity	12/14/2006	01/29/2007	R$0.10
Dividend	01/26/2006	02/03/2006	R$0.07
Interest on equity	11/17/2004	01/28/2005	R$0.08
Interest on equity	11/14/2003	01/29/2004	R$0.08
Dividend	04/29/2003	05/09/2003	R$0.01
Interest on equity	12/20/2002	01/30/2003	R$0.09
Interest on equity	06/05/2002	06/14/2002	R$0.06
Interest on equity	12/13/2001	01/31/2002	R$0.10
Interest on equity	12/19/2000	01/31/2001	R$0.06
Dividend	04/28/2000	05/17/2000	R$0.00
Interest on equity	12/13/1999	01/19/2000	R$0.06
Dividend	04/26/2013	—	R$0.03
Interest on equity	12/21/1998	—	R$0.06
Interest on equity	03/27/1998	—	R$0.03
Dividend	04/30/1997	—	R$0.05

Splits, reverse splits and bonus shares
Event	Last day to own	Ratio
Bonus shares	05/07/2025	10.00% in shares
Reverse split	01/20/2015	1 for 11
Split	07/07/2011	29 for 21
Split	05/02/2011	11 for 10
Reverse split	05/03/2004	1 for 1000

About Taurus Armas

Listing segment: Level 2
Tag along: 100.00%
Free float: 59.13%
Shares issued: 51.09M common · 88.21M preferred
Average daily trading: R$4.1M
Listed since: 05/24/1982
CNPJ: 92.781.335/0001-02

ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
Shareholder	Common	Preferred	Total
Gibraltar Incorporações e Participações LtdaControlling	32.69%	13.50%	20.54%
BYK Participações S.A.Controlling	50.57%	0.37%	18.78%
LUIZ BARSI FILHO	3.59%	11.16%	8.39%
Outros	13.15%	74.86%	52.23%
Ações Tesouraria	0.00%	0.11%	0.07%

Questions about TASA4

How much is TASA4 today?

TASA4 is at R$8.14 (-1.81% on the day), last traded on 10/01/2026.

How much did TASA4 pay in dividends in 2025?

TASA4 paid R$0.20 per share in 2025, a dividend yield of 4.34%.

What are the P/E and P/B of TASA4?

TASA4 trades at a P/E of 42.50 and a P/B of 0.88.

How much did TASA4 return in 12 months?

TASA4 returned 63.35% in 12 months, with annualized volatility of 56.98% and a largest drawdown of -19.67%.