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B3 · BRL

VSTE3

Veste S.A. Estilo

R$2.67+3.49% (R$0.09)
Day's range
R$2.54 – R$2.67
Day's volume
R$55.3K
52-week range
R$2.00 – R$5.24

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See how VSTE3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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VSTE3 in numbers

Market cap
R$305.7M
P/E
6.44
P/B
0.28
Dividend yield (12m)
1.90%
Net debt/EBITDA
1.22

The 12-month dividend yield of VSTE3 is 1.90%, above its 5-year average of 0.25%.

VSTE3 price history

10/01/202509/30/2026
Compare with

VSTE3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-51.38%-83.12%-84.41%
Volatility (annualized)45.68%49.95%52.00%
Largest drawdown-53.32%-87.61%-87.61%
Positive months4/1212/3624/60

How much did investing in VSTE3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$155.89 today.

Value today in VSTE3
R$155.89
Return over the period
-84.41%
Return per year
-31.05%
In the Ibovespa
R$1,657.66

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

VSTE3 fundamentals

Valuation

  • P/E
    6.44
  • P/B
    0.28
  • EV/EBITDA
    2.25
  • EV/EBIT
    5.63
  • EV/Revenue
    0.51
  • P/EBIT
    2.58
  • P/S
    0.23
  • P/OCF
    1.09
  • P/FCF
    2.11
  • Earnings yield
    17.78%
  • PEG ratio
    0.00
  • Earnings per share
    R$0.41
  • Book value per share
    R$9.51

Debt

  • Net debt
    R$361.9M
  • Net debt/EBITDA
    1.22
  • Net debt/Equity
    0.33
  • Debt/Equity
    0.36
  • Current ratio
    1.48
  • Quick ratio
    0.80
  • Cash ratio
    0.09

Efficiency

  • Gross margin
    64.93%
  • EBITDA margin
    22.77%
  • Operating margin
    9.12%
  • Net margin
    3.65%
  • Asset turnover
    0.76

Profitability

  • ROE
    4.36%
  • ROA
    2.78%
  • ROIC
    8.10%
  • Payout
    12.23%

Growth

  • Revenue CAGR (5 years)
    12.93%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    10.74%
  • Earnings growth (year)
    3,570.53%
  • Revenue growth (quarter)
    12.25%
  • Earnings growth (quarter)
    8,908.16%

What is VSTE3's fair price?

Two classic value formulas, with today's numbers. The current price is R$2.67.

Graham's fair price
R$9.42
252.79% above the price

√(22.50 × R$0.41 × R$9.51)

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$0.55
79.45% below the price

R$0.03 (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.

VSTE3's indicators by year

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

Indicator20252024202320222021202020192018
P/E18.501,341.0699.114.16-0.11-0.16-5.8512.89
P/B0.420.852.190.25-0.171.190.490.60
EV/EBITDA3.206.2113.201.51——37.818.44
Dividend yield0.04%0.61%0.58%0.00%0.00%0.00%0.36%0.45%
Earnings per shareR$0.21R$0.01R$0.20R$0.49-R$11.68-R$29.12-R$2.80R$2.01
Book value per shareR$9.32R$9.12R$9.06R$8.25-R$7.66R$4.02R$33.15R$43.14
ROE2.29%0.06%2.21%5.91%152.41%-724.31%-8.46%4.65%
ROIC5.88%0.00%0.00%0.00%-23.79%-37.86%-1.49%5.69%
Gross margin63.67%63.27%65.67%61.96%52.20%49.28%47.52%63.69%
EBITDA margin21.26%19.44%18.18%35.96%-59.94%-177.17%8.65%28.18%
Net margin1.98%0.06%2.05%5.19%-91.83%-334.84%-20.23%8.32%
Net debt/EBITDA1.482.082.020.91——24.124.64

VSTE3's financial statements

Line202520242023202220212020
Net revenueR$1.2BR$1.1BR$1.1BR$1.1BR$875.9MR$598.8M
Cost of revenue-R$447.2M-R$408.3M-R$381M-R$405.4M-R$418.7M-R$303.7M
Gross profitR$783.7MR$703.3MR$728.8MR$660.5MR$457.2MR$295.1M
EBITDAR$261.7MR$216.1MR$201.8MR$383.3M-R$525M-R$1.1B
EBITR$85.4MR$43.4MR$32.5MR$213.8M-R$677.5M-R$1.3B
Financial result-R$61M-R$54.1M-R$83M-R$245.3M-R$159.8M-R$125.6M
Income before taxR$24.4M-R$10.6M-R$50.5M-R$31.5M-R$837.3M-R$1.4B
Income taxR$0R$11.3MR$73.3MR$86.8MR$33M-R$623.8M
Net incomeR$24.4MR$665KR$22.8MR$55.3M-R$804.3M-R$2B

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

VSTE3 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
VSTE3Estilo6.440.281.90%4.36%R$305.7M
ABEV3AMBEV S.A.14.642.695.51%18.40%R$237.8B
MBRF3MBRF363.492.030.00%3.20%R$23.2B
NATU3NATURA COSMETICOS S.A.-1.320.620.00%-47.14%R$9.3B
ALPA4ALPARGATAS S.A.13.822.6812.66%19.37%R$8.3B
ALPA3ALPARGATAS S.A.9.951.9317.10%19.37%R$8.3B
MDIA3M.DIAS BRANCO S.A. IND COM DE ALIMENTOS8.560.655.83%7.65%R$5.6B

Does VSTE3 pay dividends?

Dividend yield per year

  • 0.45%2018
  • 0.36%2019
  • 0.00%2020
  • 0.00%2021
  • 0.00%2022
  • 0.58%2023
  • 0.61%2024
  • 0.04%2025
  • 1.90%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend04/28/202605/29/2026R$0.05
Dividend04/30/202505/30/2025R$0.00
Dividend04/26/202405/31/2024R$0.05
Dividend05/04/202312/27/2023R$0.12
Dividend04/30/201905/10/2019R$0.48
Dividend04/30/201808/14/2018R$0.94
Dividend11/21/2014—R$0.23
Dividend03/15/2013—R$0.06
Dividend01/10/2012—R$0.18
Other12/21/2010—R$0.35
Dividend08/16/2010—R$0.13
Dividend05/17/2010—R$0.05
See all 15 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend04/30/2010—R$0.01
Dividend11/18/2009—R$0.10
Dividend04/30/2009—R$0.26
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Reverse split02/09/20231 for 8
Reverse split06/05/20171 for 7
Split05/16/20123 for 1

About Estilo

Sector
Consumo Cíclico
Segment
Tecidos. Vestuário e Calçados
Listing segment
Novo Mercado
Tag along
100.00%
Free float
99.19%
Shares issued
114.5M common
Average daily trading
R$144.5K
Listed since
04/29/2008
CNPJ
49.669.856/0001-43

Veste S.A. (Le Lis Blanc) é uma empresa brasileira varejista de moda, especializada na venda de roupas, acessórios e produtos de moda feminina. Fundada em 1990, a Veste é uma das principais redes varejistas de moda do Brasil, operando centenas de lojas em múltiplos estados. A companhia oferece produtos de marcas próprias, atendendo consumidoras interessadas em moda de qualidade e estilo. A Veste é um importante player no varejo de moda do Brasil, operando com foco em qualidade de produtos e experiência do cliente. Com receita anual superior a R$ 800 milhões, a companhia é uma das maiores redes varejistas de moda 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
Banco BTG Pactual S.A.49.60%0.00%49.60%
KAMARI PARTICIPAÇÕES S.A.14.99%0.00%14.99%
PATRIMONIAL GESTÃO DE RECURSOS LTDA.13.79%0.00%13.79%
Porto Empreendimentos E Participações S.A.8.43%0.00%8.43%
Outros13.19%0.00%13.19%

Questions about VSTE3

How much is VSTE3 today?

VSTE3 is at R$2.67 (3.49% on the day), last traded on 10/01/2026.

How much did VSTE3 pay in dividends in 2025?

VSTE3 paid R$0.00 per share in 2025, a dividend yield of 0.04%.

What are the P/E and P/B of VSTE3?

VSTE3 trades at a P/E of 6.44 and a P/B of 0.28.

How much did VSTE3 return in 12 months?

VSTE3 returned -51.38% in 12 months, with annualized volatility of 45.68% and a largest drawdown of -53.32%.

What sector is VSTE3 in?

Estilo is in the Consumo Cíclico sector, Tecidos. Vestuário e Calçados segment.