1. Brazil Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
Azzas 2154 SA

Azzas 2154 SA

25.70
BRL
+0.50
(+1.98%)
1.60EPS
11.18P/E
3.63BMarket Cap
Nov 11Next Earn
Azzas 2154 SA
B3:AZZA3F
(B3)

Recent

price

25.70

P/E

ratio

11.18

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
BRL
7.3
7.75
9.71
10.87
11.88
12.63
13.96
15.22
16.96
18.52
17.36
29.36
38.8
43.74
40.59
58.53
56.28
Revenue per Share
0.82
1.05
1.09
1.25
1.27
1.35
1.31
1.73
1.59
1.79
0.53
3.47
3.89
3.6
1.66
4.51
1.61
Basic EPS, GAAP
0.08
0.15
-0.07
0.24
0.67
0.74
0.86
1.68
0.77
1.54
1.9
0.73
-0.87
1.6
-0.27
3.42
5.03
Free Cash Flow per Basic Share
0.5
0.32
0.15
0.38
0.36
0.51
0.34
1.59
0.82
1.1
0.31
0.03
0.7
0.3
0.29
2.48
- -
Dividend per Share
7.47
4.34
5.12
5.81
6.5
6.96
7.54
7.41
7.88
8.2
13.54
15.97
24.08
26.25
37.31
39.51
39.77
Book Value per Share
6.72
3.99
4.58
5.05
5.48
5.94
6.57
6.53
7.14
7.38
5.21
6.21
12.62
12.16
19.19
22.24
22.73
Tangible Book Value per Share
78
88
89
89
89
89
89
89
90
91
92
100
109
111
206
202
202
Basic Weighted Avg Shares
572
679
860
963
1,053
1,121
1,239
1,360
1,527
1,679
1,591
2,924
4,234
4,847
8,380
11,819
11,365
Sales/Revenue/Turnover
16.24
16.74
14.81
15.34
14.21
12.75
12.21
12.8
12.48
13.09
7.11
15.95
12.99
11.59
5.98
10.06
6.99
Operating Margin (%)
3
4
8
11
13
24
26
33
41
80
81
106
166
223
415
698
699
Depreciation Expense
65
92
97
111
113
120
116
154
143
162
49
345
425
399
342
911
324
Net Income, GAAP
27.72
26.97
27.44
29.18
30.18
27.28
26.02
15.56
16.09
20.88
10.95
14.89
10.64
- -
- -
- -
- -
Effective Tax Rate (%)
11.29
13.49
11.26
11.48
10.71
10.68
9.37
11.35
9.34
9.66
3.05
11.81
10.03
8.24
4.08
7.71
2.85
Profit Margin (%)
115
330
386
409
440
467
504
498
586
516
653
128
748
623
2,315
3,159
3,630
Working Capital
19
18
51
39
34
38
27
18
67
191
555
213
295
606
1,841
2,752
3,194
LT Debt
146
384
454
515
576
618
670
665
711
746
1,349
1,592
2,655
2,929
7,722
7,977
8,040
Total Equity
35.06
25.98
18.54
17.56
15.65
14.16
14.35
17.56
18.63
17.47
4.81
16.99
16.53
- -
- -
- -
- -
Return on Invested Capital (%)
36.68
31.93
20.31
19.59
17.95
17.15
15.64
19.38
17.94
17.52
4.17
16.76
18.6
- -
- -
- -
- -
Return on Capital (%)
48.57
34.55
23.12
22.83
20.67
20.04
18.04
23.15
20.73
22.25
4.64
23.49
20.01
14.36
6.44
11.62
3.96
Return on Common Equity (%)

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,244
764
780
LT Borrowings
2,195
2,683
2,689
LT Finance Leases
557
514
505
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
202
202
202
Market Capitalization
5,141
5,151
3,627

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,925
6,693
6,501
Cash, Cash Equivalents & STI
1,081
1,063
1,136
Accounts Receivable, Net
2,714
2,377
2,285
Inventories
2,143
2,189
2,044
Total Current Liabilities
3,766
3,045
2,871
Payables & Accruals
- -
- -
- -
ST Debt
1,244
764
780
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
36.23%
52.41%
3.31%
Free Cash Flow
-187.71%
-412.5%
-1,356.64%
Net Income, GAAP
74.59%
155.97%
166.66%
Sales/Revenue/Turnover
29.43%
51.4%
41.05%
Total Cash Common Dividend
377.57%
703.89%
733.33%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,072
1,357
2,547
3,404
8,380
2025
2,697
2,901
2,958
3,263
11,819
2026
2,480
2,664
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.66
1.17
1
-0.33
1.66
2025
0.57
2.61
0.82
0.45
4.51
2026
0.19
0.15
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.29
2025
- -
- -
- -
- -
2.48
2026
- -
- -
- -
- -
- -
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Business
Azzas 2154 S.A. Azzas 2154 S.A. engages in the design, manufacture, marketing, and distribution of footwear, handbags, accessories, and clothing for women, men, and children primarily in Brazil and internationally. The company offers its products through franchise stores, company-operated stores, multibrand outlets, e-commerce platforms including ZZMALL, and exports under an extensive portfolio of brands such as Arezzo, Schutz, Anacapri, Alexandre Birman, Alme, Vans, Reserva, Reserva Mini, Reserva INK, Reserva Go, Oficina Reserva, Brizza, Troc, Baw, Carol Bassi, Reversa, Simples Reserva, Paris Texas, Vicenza, Animale, Farm, Farm Global, Fabula, Foxton, Cris Barros, Off Premium, Maria Filo, NV, Hering, and Dzarm; these span footwear and bags, women's lifestyle apparel, men's lifestyle apparel, and democratic basics segments. Founded in 1972 and headquartered in Belo Horizonte, Brazil, Azzas 2154 S.A. operates over 2,000 stores, employs approximately 8,379 people, and maintains flexible production combining in-house manufacturing in Brazil's Vale dos Sinos region with outsourcing. In July 2024, the company, formerly known as Arezzo Indústria e Comércio S.A., changed its name to Azzas 2154 S.A. following major mergers including Soma and Cia Hering to form a consolidated fashion retail platform; recent initiatives encompass the Cobogó megastore project launched in late 2024, cost synergies from integrations yielding improved EBITDA margins in 2025, a $26 million acquisition to build a global luxury footwear platform, strategic rebalancing of international sales, and expansion of digital-native brands like NV with over 120% YoY growth.