B3 · BRL

VIVA3

Vivara Participacoes SA

R$23.60+2.39% (R$0.55)
Day's range
R$22.82 – R$23.64
Day's volume
R$75.6M
52-week range
R$20.04 – R$36.65

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VIVA3 in numbers

Market cap
R$5.6B
P/E
9.52
P/B
1.75
Dividend yield (12m)
2.96%
Net debt/EBITDA
0.11

The 12-month dividend yield of VIVA3 is 2.96%, above its 5-year average of 1.83%.

VIVA3 price history

10/01/202509/30/2026
Compare with

VIVA3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-22.76%-0.67%+0.74%
Volatility (annualized)34.75%40.09%36.03%
Largest drawdown-36.70%-49.37%-49.37%
Positive months5/1217/3629/60

How much did investing in VIVA3 return?

R$1,000.00 invested on 10/01/2021 would be worth R$1,007.36 today.

Value today in VIVA3
R$1,007.36
Return over the period
+0.74%
Return per year
+0.15%
In the Ibovespa
R$1,777.43

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

VIVA3 fundamentals

Valuation

  • P/E
    9.52
  • P/B
    1.75
  • EV/EBITDA
    6.37
  • EV/EBIT
    7.71
  • EV/Revenue
    1.80
  • P/EBIT
    7.57
  • P/S
    1.77
  • P/OCF
    10.87
  • P/FCF
    13.13
  • Earnings yield
    12.98%
  • PEG ratio
    —
  • Earnings per share
    R$2.48
  • Book value per share
    R$13.48

Debt

  • Net debt
    R$101.7M
  • Net debt/EBITDA
    0.11
  • Net debt/Equity
    0.03
  • Debt/Equity
    0.16
  • Current ratio
    4.19
  • Quick ratio
    2.14
  • Cash ratio
    0.55

Efficiency

  • Gross margin
    70.04%
  • EBITDA margin
    28.21%
  • Operating margin
    23.33%
  • Net margin
    18.52%
  • Asset turnover
    0.65

Profitability

  • ROE
    18.40%
  • ROA
    11.98%
  • ROIC
    22.41%
  • Payout
    28.13%

Growth

  • Revenue CAGR (5 years)
    23.64%
  • Earnings CAGR (5 years)
    22.26%
  • Revenue growth (year)
    17.44%
  • Earnings growth (year)
    -5.19%
  • Revenue growth (quarter)
    13.80%
  • Earnings growth (quarter)
    -12.92%

What is VIVA3's fair price?

Two classic value formulas, with today's numbers. The current price is R$23.60.

Graham's fair price
R$27.43
16.22% above the price

√(22.50 × R$2.48 × R$13.48)

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$8.61
63.52% below the price

R$0.52 (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.

VIVA3's indicators by year

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

Indicator2025202420232022202120202019
P/E12.676.9621.9114.6820.3147.4426.66
P/B2.661.824.183.204.355.946.31
EV/EBITDA9.085.5613.7810.6216.0625.8720.84
Dividend yield4.08%1.94%1.06%1.47%0.62%0.57%—
Earnings per shareR$2.62R$2.77R$1.56R$1.53R$1.26R$0.62R$1.09
Book value per shareR$12.49R$10.57R$8.19R$7.02R$5.90R$4.96R$4.61
ROE21.00%26.17%19.10%21.77%21.43%12.52%23.67%
ROIC23.57%26.16%21.84%24.00%24.22%17.95%25.77%
Gross margin69.55%70.23%69.32%68.89%67.61%68.49%71.20%
EBITDA margin29.05%32.52%26.74%26.59%24.99%25.14%42.96%
Net margin20.47%25.35%16.88%19.57%20.36%14.00%34.41%
Net debt/EBITDA0.150.14-0.06-0.18-0.48-0.56-0.51

VIVA3's financial statements

Line202520242023202220212020
Net revenueR$3BR$2.6BR$2.2BR$1.8BR$1.5BR$1B
Cost of revenue-R$921.5M-R$767.1M-R$670.9M-R$573.5M-R$474.9M-R$330.1M
Gross profitR$2.1BR$1.8BR$1.5BR$1.3BR$991.5MR$717.5M
EBITDAR$879.2MR$838.1MR$584.7MR$490.3MR$366.5MR$263.4M
EBITR$726.3MR$683.6MR$450.6MR$376.4MR$294.7MR$205.1M
Financial result-R$138.5M-R$57.3M-R$49.8M-R$45.3M-R$31.5M-R$41.5M
Income before taxR$587.8MR$626.2MR$400.8MR$331MR$263.2MR$163.5M
Income taxR$31.7MR$27.2M-R$31.6MR$29.8MR$35.3M-R$16.9M
Net incomeR$619.5MR$653.4MR$369.2MR$360.9MR$298.5MR$146.7M

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

VIVA3 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
VIVA3Vivara Participaçoes9.521.752.96%18.40%R$5.6B
WHRL4WHIRLPOOL S.A.18.452.758.96%14.89%R$5.2B
WHRL3WHIRLPOOL S.A.17.532.619.10%14.89%R$5.2B
MRVE3MRV ENGENHARIA E PARTICIPACOES S.A.-5.350.670.00%-12.58%R$3.1B
TRIS3TRISUL S.A.6.180.7719.66%12.42%R$1.2B
TECN3TECHNOS S.A.5.061.234.00%24.27%R$616.8M

Does VIVA3 pay dividends?

Dividend yield per year

  • 0.57%2020
  • 0.62%2021
  • 1.47%2022
  • 1.06%2023
  • 1.94%2024
  • 4.08%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend12/19/202512/30/2025R$0.70
Dividend04/22/202505/22/2025R$0.66
Dividend04/29/202405/28/2024R$0.37
Dividend04/27/202305/26/2023R$0.36
Dividend04/29/202205/14/2022R$0.05
Interest on equity12/27/202105/13/2022R$0.28
Dividend04/30/202105/14/2021R$0.05
Interest on equity12/29/202005/14/2021R$0.11
Interest on equity12/27/201912/15/2020R$0.17

About Vivara Participaçoes

Sector
Consumo Cíclico
Segment
Acessórios
Listing segment
Novo Mercado
Tag along
100.00%
Free float
52.36%
Shares issued
236.2M common
Average daily trading
R$64.3M
Ibovespa weight
0.11%
Listed since
10/10/2019
CNPJ
33.839.910/0001-11

Vivara S.A. é uma empresa brasileira varejista de joias e acessórios, especializada na venda de joias, relógios e acessórios de moda. Fundada em 1986, a Vivara é uma das principais redes varejistas de joias do Brasil, operando centenas de lojas em múltiplos estados. A companhia oferece produtos de marcas próprias e de terceiros, atendendo consumidores interessados em joias, relógios e acessórios de qualidade. A Vivara é um importante player no varejo de joias e acessórios do Brasil, operando com foco em qualidade de produtos e experiência do cliente. Com receita anual superior a R$ 1 bilhão, a companhia é uma das maiores redes varejistas de joias do Brasil, servindo milhões de clientes. A empresa está comprometida com inovação em sua oferta de produtos, expansão de sua presença no mercado e sustentabilidade em suas operações.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
NELSON KAUFMANControlling27.41%0.00%27.41%
MARINA KAUFMAN BUENO NETTOControlling13.92%0.00%13.92%
T. Rowe Price Associates, Inc.8.84%0.00%8.84%
Guepardo Investimentos Ltda.6.09%0.00%6.09%
NKAUFMAN EMPREENDIMENTOS IMOBILIÁRIOS LTDA.Controlling5.73%0.00%5.73%
Outros37.47%0.00%37.47%
Ações Tesouraria0.54%0.00%0.54%

Questions about VIVA3

How much is VIVA3 today?

VIVA3 is at R$23.60 (2.39% on the day), last traded on 10/01/2026.

How much did VIVA3 pay in dividends in 2025?

VIVA3 paid R$1.36 per share in 2025, a dividend yield of 4.08%.

What are the P/E and P/B of VIVA3?

VIVA3 trades at a P/E of 9.52 and a P/B of 1.75.

How much did VIVA3 return in 12 months?

VIVA3 returned -22.76% in 12 months, with annualized volatility of 34.75% and a largest drawdown of -36.70%.

What sector is VIVA3 in?

Vivara Participaçoes is in the Consumo Cíclico sector, Acessórios segment.