Melnick Desenvolvimento Imobiliario SA

Melnick Desenvolvimento Imobiliario SA

3.25
BRL
-0.03
(-0.91%)
0.79EPS
5.62P/E
657.47MMarket Cap
Nov 11Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.4
2.47
2.84
25.45
3.89
3.79
5.09
5.84
5.06
5.46
5.57
Basic EPS, GAAP
0.24
0.21
0.24
2.06
0.28
0.41
0.42
0.51
0.35
0.55
0.58
Free Cash Flow per Basic Share
0.25
-0.39
0.19
1.52
1.21
-0.68
-0.64
-0.09
0.56
-0.71
-1.25
Dividend per Share
0.18
0.2
0.61
3.16
0.28
0.34
0.16
0.61
0.4
0.56
0.32
Book Value per Share
2.13
2.09
2.03
2.15
5.59
5.71
5.97
5.95
5.93
5.18
5.35
Tangible Book Value per Share
2.12
2.08
2.03
2.15
5.59
5.71
5.96
5.94
5.93
5.17
5.35
Basic Weighted Avg Shares
208
208
208
22
150
204
202
203
203
205
206
Sales/Revenue/Turnover
499
513
592
563
581
772
1,030
1,184
1,029
1,117
1,146
Operating Margin (%)
7.89
10.15
10.76
9.91
9.4
7.89
7.12
7.5
-2.2
0.35
2.1
Depreciation Expense
1
1
1
3
3
5
4
5
4
4
6
Net Income, GAAP
50
44
51
45
43
83
84
104
71
112
119
Effective Tax Rate (%)
17.74
19.86
8.83
18.57
18.31
13.59
15.57
16.67
16.79
18.52
16.15
Profit Margin (%)
10.01
8.64
8.55
8.08
7.31
10.75
8.2
8.78
6.94
10.03
10.35
Working Capital
358
360
616
423
1,084
1,024
1,242
1,306
1,310
1,092
1,180
LT Debt
158
79
105
167
23
6
119
140
235
509
515
Total Equity
470
477
465
500
1,199
1,199
1,295
1,325
1,368
1,216
1,221
Return on Invested Capital (%)
- -
5.61
7.8
6
4.33
4.17
4.56
4.74
3.25
4.26
1.08
Return on Capital (%)
- -
4.63
4.37
4.95
2.83
6.44
3.24
3.64
0.36
4.28
4.04
Return on Common Equity (%)
- -
10.11
11.81
10.44
5.28
7.16
7.15
8.62
5.91
9.85
11

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
95
336
303
LT Borrowings
509
366
515
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
206
202
203
Market Capitalization
781
700
657

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,777
1,891
2,027
Cash, Cash Equivalents & STI
181
234
311
Accounts Receivable, Net
755
819
828
Inventories
798
802
852
Total Current Liabilities
685
864
847
Payables & Accruals
- -
- -
- -
ST Debt
95
336
303
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
0.5%
-11.09%
Free Cash Flow
- -
-245.67%
-227.13%
Net Income, GAAP
- -
29.13%
57.02%
Sales/Revenue/Turnover
- -
15.32%
8.58%
Total Cash Common Dividend
- -
63.12%
41.25%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
245
141
246
397
1,029
2025
225
338
244
311
1,117
2026
320
271
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
-0.14
0.17
0.17
0.35
2025
0.07
0.19
0.12
0.17
0.55
2026
0.12
0.17
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.2
0.4
2025
- -
- -
- -
0.32
0.56
2026
- -
- -
- -
- -
- -

Company Description

CEO
Leandro Melnick
Sector
Industrial services
Industry
Engineering & construction
Address
Porto Alegre Brazil
IPO Date
Sep 28, 2020
Business
Melnick Desenvolvimento Imobiliario SA is a Brazil-based real estate development and construction company engaged in the acquisition, development, construction, and sale of residential and commercial properties, as well as land subdivisions. Founded in 1970 and headquartered in Porto Alegre, Rio Grande do Sul, the company operates primarily across southern Brazil, maintaining a dominant market presence in the Greater Porto Alegre metropolitan area and select coastal and highland regions. Melnick Desenvolvimento Imobiliario SA operates as a prominent regional arm associated with Even Construtora e Incorporadora SA, targeting diverse demographic segments from high-income luxury buyers to middle-income families and commercial enterprises. The company organizes its business operations across multiple core segments and offers a comprehensive portfolio of real estate products and related services: residential development, encompassing high-end luxury high-rise towers, mid-to-high standard multi-family residential condominiums, and compact urban housing units; commercial and health-focused developments, including corporate office buildings, mixed-use retail complexes, and specialized medical hubs operated under the MedPlex brand; urban development and land subdivision, comprising master-planned horizontal gated communities, residential land lots, and municipal infrastructure works managed through Melnick Urbanismo; construction and engineering services, covering architectural planning, turn-key general contracting, structural execution, project management, and quality compliance; and real estate advisory and support services, including digital sales intermediation, direct client brokerage, warranty administration, and mortgage financing facilitation. In recent years, Melnick Desenvolvimento Imobiliario SA has implemented several key strategic initiatives and operational adjustments to strengthen its capital structure and expand its addressable market. The company has accelerated the growth of its horizontal land subdivision and planned community business line, Melnick Urbanismo, diversifying revenue streams beyond vertical residential towers. It has forged new co-development partnerships and joint ventures with local landholders to expand its strategic landbank in prime growth corridors without excessive capital expenditure. Furthermore, the company has expanded its specialized medical and wellness real estate footprint through subsequent phases of its MedPlex development concept. Operationally, Melnick has integrated advanced digital sales platforms, modernized construction-site technologies to improve cost efficiencies, optimized its capital allocation framework through active shareholder payout and share repurchase programs, and realigned project delivery timelines and construction logistics to reinforce operational resilience in the Rio Grande do Sul market.