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    Real estate development
Even Construtora E Incorporadora S.A.

Even Construtora E Incorporadora S.A.

5.83
BRL
-0.06
(-1.02%)
1.19EPS
5.89P/E
1.12BMarket Cap
Nov 12Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.54
9.56
9.92
7.97
6.28
6.77
8.69
8.06
11.05
11.27
9.01
22.01
11.74
7.46
Basic EPS, GAAP
1.21
1.09
0.46
0.01
-1.53
-0.74
0.56
0.07
1.12
0.51
1.09
0.43
1.45
0.96
Free Cash Flow per Basic Share
0.07
0.22
-0.33
-0.1
2.07
1.35
1.53
4.03
-0.25
-2.08
-1.71
-1.75
0.54
-0.8
Dividend per Share
0.26
0.29
0.27
0.17
- -
- -
- -
0.14
0.83
- -
0.41
2.34
0.92
0.14
Book Value per Share
8.52
9.43
10.05
9.31
7.92
7.38
7.95
8.43
8.92
9.26
9.8
9.14
9.59
9.71
Tangible Book Value per Share
8.49
9.39
10
9.28
7.89
7.37
7.94
8.43
8.92
9.25
9.8
9.14
9.59
9.71
Basic Weighted Avg Shares
233
231
222
219
221
218
213
207
206
206
199
98
164
207
Sales/Revenue/Turnover
2,459
2,206
2,205
1,743
1,385
1,475
1,846
1,671
2,276
2,318
1,790
2,157
1,920
1,544
Operating Margin (%)
13.37
9.43
4.28
-1.15
-20.72
-7.39
12.68
16.02
11.64
8.12
12.34
16.06
12.67
14.99
Depreciation Expense
14
21
11
13
22
14
13
8
8
9
5
4
4
4
Net Income, GAAP
283
252
101
2
-337
-161
119
15
231
104
216
42
238
198
Effective Tax Rate (%)
13.12
15.27
24.07
50.98
- -
- -
16.43
11.48
12.71
22.21
18.32
24.8
14.88
15.96
Profit Margin (%)
11.5
11.44
4.6
0.11
-24.32
-10.9
6.46
0.88
10.16
4.5
12.07
1.95
12.38
12.83
Working Capital
2,442
2,188
2,395
2,753
2,467
2,326
2,209
2,148
2,519
3,044
3,796
3,275
3,030
2,911
LT Debt
1,303
1,196
1,207
1,153
750
862
934
310
208
646
1,095
901
1,270
1,220
Total Equity
2,316
2,419
2,466
2,355
1,987
1,807
1,877
2,481
2,592
2,727
2,880
2,069
2,195
2,305
Return on Invested Capital (%)
8.06
6.33
1.6
-0.58
- -
- -
5.79
7.52
7.86
3.12
4.01
4.39
5.59
4.77
Return on Capital (%)
5.97
5.76
1.47
-0.73
- -
- -
4.23
0.17
6.57
1.02
3.3
-0.52
5.96
5.01
Return on Common Equity (%)
15.06
12.28
4.73
0.09
-17.67
-9.68
7.34
0.86
12.96
5.59
11.19
2.25
12.92
10.37

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
221
259
265
LT Borrowings
1,270
1,236
1,220
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
196
196
198
Market Capitalization
1,517
1,439
1,119

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,831
3,882
3,705
Cash, Cash Equivalents & STI
977
924
787
Accounts Receivable, Net
842
823
732
Inventories
1,979
2,101
2,148
Total Current Liabilities
801
857
794
Payables & Accruals
- -
- -
- -
ST Debt
221
259
265
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.01%
-1.36%
6.08%
Free Cash Flow
-172.51%
82.68%
-151.76%
Net Income, GAAP
-1,663.82%
382.13%
464.48%
Sales/Revenue/Turnover
0.55%
4.96%
-10.99%
Total Cash Common Dividend
- -
- -
-34.66%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
404
923
380
450
2,157
2025
337
570
529
484
1,920
2026
330
201
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.33
0.51
-0.57
-0.07
0.43
2025
0.08
0.25
0.23
0.23
1.45
2026
0.67
0.16
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.26
0.5
- -
0.4
2.34
2025
- -
- -
- -
- -
0.92
2026
- -
0.15
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Marcio Botana Moraes
Full Time Employees
809
Sector
Finance
Industry
Real estate development
Address
Rua Hungria, 1.400 São Paulo SP Brazil 01455-000
IPO Date
Mar 29, 2007
Website
even.com.br
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Business
Even Construtora e Incorporadora S.A. Even Construtora e Incorporadora S.A. is a Brazil-based real estate developer and builder focused on the development, construction, and sale of residential and commercial properties. The company offers vertically integrated services encompassing land identification, appraisal, and acquisition; project planning and design; obtaining licenses, permits, and government approvals; brokerage and sales through dedicated portals and subsidiaries; construction activities; and post-sale services. It operates under the Even and Open brands, with Even targeting middle to upper-middle and upper-income residential projects as well as commercial developments, and Open serving affordable and emerging market residential units featuring 45 square meter two- to three-bedroom apartments; projects emphasize high and ultra-high standards in premium areas such as the West and South regions of São Paulo. Even Construtora e Incorporadora S.A. maintains a strong presence in metropolitan areas across the states of São Paulo, Rio de Janeiro, Rio Grande do Sul, Minas Gerais, and other regions, delivering projects to individual buyers and businesses in the residential, commercial, and mixed-use segments. Founded in 1974 through the merger of companies with over 25 years of prior experience in civil construction—including ABC Investimob and Terepins & Kalili—the company is headquartered at Rua Hungria 1400, Jardim America, São Paulo, Brazil. It controls numerous subsidiaries such as Window Jardins Empreendimentos Imobiliarios S.A., City Projects Empreendimentos Ltda., Westeven Empreendimentos Imobiliarios Ltda., Norteven Empreendimentos Imobiliarios Ltda., Even Vendas, and Even More for exclusive brokerage. Recent developments include the company's focus on high-end projects like Cidade Jardim, São Paulo Bay, Casa Madalena, Casa Sabiá, Arizona 1002, Casa Alto de Pinheiros, Portugal 587, and ARBO in premium São Paulo neighborhoods such as Brooklin, Alto de Pinheiros, Moema, and Ibirapuera, featuring luxury amenities including expansive living areas from 168 to 396 square meters, multiple bedrooms, and dedicated parking. As of September 2025, Even announced a communication on transactions with related parties involving SCP NM SANB, and in June 2025, a notice to the market regarding the acquisition of a relevant asset, underscoring ongoing strategic expansion and investment activities. The company demonstrated operational resilience in its Q3 2025 earnings, adapting to market dynamics while advancing sustainability initiatives and vertical integration.