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B3 · BRL

VULC3

Vulcabras SA

R$13.82+2.83% (R$0.38)
Day's range
R$13.42 – R$13.82
Day's volume
R$30.4M
52-week range
R$12.72 – R$22.26

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See how VULC3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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VULC3 in numbers

Market cap
R$4.4B
P/E
4.73
P/B
1.66
Dividend yield (12m)
23.34%
Net debt/EBITDA
1.38

The 12-month dividend yield of VULC3 is 23.34%, above its 5-year average of 14.81%.

VULC3 price history

10/01/202509/30/2026
Compare with

VULC3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-26.25%+20.10%+173.59%
Volatility (annualized)19.30%28.88%32.21%
Largest drawdown-33.22%-33.22%-33.22%
Positive months4/1217/3631/60

How much did investing in VULC3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$2,181.04 today.

Value today in VULC3
R$2,181.04
Return over the period
+118.10%
Return per year
+16.88%
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.

VULC3 fundamentals

Valuation

  • P/E
    4.73
  • P/B
    1.66
  • EV/EBITDA
    6.82
  • EV/EBIT
    8.20
  • EV/Revenue
    1.47
  • P/EBIT
    6.55
  • P/S
    1.18
  • P/OCF
    7.42
  • P/FCF
    11.29
  • Earnings yield
    12.19%
  • PEG ratio
    0.29
  • Earnings per share
    R$2.92
  • Book value per share
    R$8.34

Debt

  • Net debt
    R$1.1B
  • Net debt/EBITDA
    1.38
  • Net debt/Equity
    0.42
  • Debt/Equity
    0.55
  • Current ratio
    2.96
  • Quick ratio
    1.84
  • Cash ratio
    0.40

Efficiency

  • Gross margin
    40.95%
  • EBITDA margin
    21.60%
  • Operating margin
    17.97%
  • Net margin
    24.89%
  • Asset turnover
    0.90

Profitability

  • ROE
    35.06%
  • ROA
    22.50%
  • ROIC
    17.84%
  • Payout
    110.29%

Growth

  • Revenue CAGR (5 years)
    19.19%
  • Earnings CAGR (5 years)
    35.43%
  • Revenue growth (year)
    16.79%
  • Earnings growth (year)
    104.49%
  • Revenue growth (quarter)
    13.67%
  • Earnings growth (quarter)
    16.12%

What is VULC3's fair price?

Two classic value formulas, with today's numbers. The current price is R$13.82.

Graham's fair price
R$23.42
69.50% above the price

√(22.50 × R$2.92 × R$8.34)

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$42.88
210.25% above the price

R$2.57 (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.

VULC3's indicators by year

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

Indicator20252024202320222021202020192018
P/E5.477.5111.036.447.0661.3315.5911.32
P/B2.632.032.741.771.631.722.051.83
EV/EBITDA8.686.278.636.186.1717.909.947.71
Dividend yield33.33%29.14%4.70%3.00%3.88%0.00%0.00%0.00%
Earnings per shareR$3.66R$2.07R$1.80R$1.91R$1.28R$0.13R$0.58R$0.62
Book value per shareR$7.63R$7.66R$7.26R$6.96R$5.52R$4.58R$4.42R$3.83
ROE48.01%27.00%24.80%27.45%23.13%2.81%13.16%16.16%
ROIC20.20%25.64%24.10%22.26%18.85%2.64%12.93%16.96%
Gross margin41.04%41.93%41.74%36.95%35.32%29.53%34.69%35.92%
EBITDA margin24.83%22.53%22.76%20.73%21.36%9.52%16.36%17.78%
Net margin32.73%18.69%17.56%18.52%16.81%2.68%10.52%12.18%
Net debt/EBITDA1.470.040.120.420.620.64-0.09-0.04

VULC3's financial statements

Line202520242023202220212020
Net revenueR$3.6BR$3BR$2.8BR$2.5BR$1.9BR$1.2B
Cost of revenue-R$2.1B-R$1.8B-R$1.6B-R$1.6B-R$1.2B-R$831M
Gross profitR$1.5BR$1.3BR$1.2BR$937.4MR$659.4MR$348.2M
EBITDAR$884MR$686.8MR$641.2MR$525.8MR$398.9MR$112.2M
EBITR$753.1MR$580.5MR$542.5MR$443.6MR$325.7MR$36.3M
Financial resultR$101.1MR$22.6M-R$4.8MR$41.3MR$12.5M-R$61K
Income before taxR$854.1MR$603.1MR$537.7MR$484.9MR$338.1MR$36.2M
Income taxR$311.2M-R$33.3M-R$42.9M-R$14.9M-R$24.3M-R$4.7M
Net incomeR$1.2BR$569.9MR$494.9MR$469.9MR$313.8MR$31.6M

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

VULC3 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
VULC3Vulcabras4.731.6623.34%35.06%R$4.4B
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.9.991.9317.03%19.37%R$8.4B
MDIA3M.DIAS BRANCO S.A. IND COM DE ALIMENTOS8.640.665.78%7.65%R$5.6B

Does VULC3 pay dividends?

Dividend yield per year

  • 0.00%2017
  • 0.00%2018
  • 0.00%2019
  • 0.00%2020
  • 3.88%2021
  • 3.00%2022
  • 4.70%2023
  • 29.14%2024
  • 33.33%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend12/22/202512/30/2025R$0.65
Dividend12/15/202512/29/2025R$0.13
Dividend11/04/202512/15/2025R$2.20
Dividend11/17/202512/01/2025R$0.13
Dividend10/20/202511/03/2025R$0.13
Dividend09/17/202510/01/2025R$0.13
Dividend09/08/202509/22/2025R$1.10
Dividend08/14/202509/22/2025R$1.10
Dividend08/18/202509/01/2025R$0.13
Dividend07/17/202508/01/2025R$0.13
Dividend06/18/202507/01/2025R$0.13
Dividend05/20/202506/02/2025R$0.13
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend04/17/202505/02/2025R$0.13
Dividend03/18/202504/01/2025R$0.13
Dividend02/17/202503/06/2025R$0.13
Dividend01/21/202502/03/2025R$0.13
Dividend12/16/202401/02/2025R$0.13
Dividend11/18/202412/02/2024R$0.13
Dividend10/17/202411/01/2024R$0.13
Dividend09/19/202410/01/2024R$0.13
Dividend08/19/202409/02/2024R$0.13
Dividend08/12/202408/23/2024R$0.13
Dividend05/14/202405/29/2024R$0.15
Dividend01/25/202404/17/2024R$0.50
Dividend01/25/202304/17/2024R$0.50
Dividend03/13/202403/25/2024R$0.75
Dividend01/25/202402/08/2024R$1.00
Dividend01/25/202302/08/2024R$1.00
Dividend11/08/202311/24/2023R$0.15
Dividend10/13/202311/24/2023R$0.40
Dividend08/30/202309/14/2023R$0.15
Dividend05/22/202306/06/2023R$0.15
Dividend04/03/202304/14/2023R$0.08
Dividend11/10/202211/22/2022R$0.37
Dividend11/03/202111/12/2021R$0.35
Dividend04/25/201106/30/2011R$0.10
Dividend04/30/201005/31/2010R$0.39
Dividend06/01/200905/31/2010R$0.67
Dividend04/28/200806/13/2008R$0.14
Dividend05/11/200706/29/2007R$0.14
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Reverse split03/16/20161 for 4
Split01/05/20114 for 1
Reverse split05/14/20071 for 100
Bonus shares02/27/1986200.00% in shares

About Vulcabras

Sector
Consumo Cíclico
Segment
Calçados
Listing segment
Novo Mercado
Tag along
100.00%
Free float
34.08%
Shares issued
317.98M common
Average daily trading
R$23.4M
Listed since
07/20/1977
CNPJ
50.926.955/0001-42

Vulcabras S.A. é uma empresa brasileira fabricante de calçados, especializada na produção de sapatos, tênis e outros tipos de calçados. Fundada em 1954, a Vulcabras é uma das principais fabricantes de calçados do Brasil, operando com tecnologia avançada e design moderno. A companhia produz calçados para diversos segmentos, incluindo esportes, casual e profissional, atendendo mercados doméstico e internacional. A Vulcabras é um importante player na indústria de calçados do Brasil, operando com foco em inovação e qualidade de seus produtos. Com receita anual superior a R$ 1 bilhão, a companhia é uma das maiores fabricantes de calçados do Brasil e exporta seus produtos para diversos países. A empresa está comprometida com inovação em design, qualidade de fabricação e sustentabilidade ambiental em seus processos produtivos.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
PEDRO GRENDENE BARTELLEControlling20.97%0.00%20.97%
Gianpega Negócios e Participações S.A.Controlling15.82%0.00%15.82%
Gold Negócios e Participações S.A.Controlling7.46%0.00%7.46%
PEDRO BARTELLEControlling5.98%0.00%5.98%
ANDRÉ DE CAMARGO BARTELLEControlling5.17%0.00%5.17%
REAL INVESTOR ASSET MANAGEMENT LTDA5.14%0.00%5.14%
GUEPARDO INVESTIMENTOS LTDA5.11%0.00%5.11%
GABRIELLA DE CAMARGO BARTELLEControlling4.24%0.00%4.24%
GIOVANA BARTELLEControlling3.60%0.00%3.60%
L4E FUNDO DE INVESTIMENTO DE AÇÕES - INVESTIMENTO NO EXTERIORControlling0.76%0.00%0.76%
Outros24.54%0.00%24.54%
Ações Tesouraria1.22%0.00%1.22%

Questions about VULC3

How much is VULC3 today?

VULC3 is at R$13.82 (2.83% on the day), last traded on 09/30/2026.

How much did VULC3 pay in dividends in 2025?

VULC3 paid R$6.68 per share in 2025, a dividend yield of 33.33%.

What are the P/E and P/B of VULC3?

VULC3 trades at a P/E of 4.73 and a P/B of 1.66.

How much did VULC3 return in 12 months?

VULC3 returned -26.25% in 12 months, with annualized volatility of 19.30% and a largest drawdown of -33.22%.

What sector is VULC3 in?

Vulcabras is in the Consumo Cíclico sector, Calçados segment.