Construtora Tenda SA

Construtora Tenda SA

28.58
BRL
-0.04
(-0.14%)
4.54EPS
7.75P/E
4.50BMarket Cap
Nov 04Next Earn
2012 Y
2013 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
0.83
0.63
0.66
9.54
12.31
16.04
19.76
22.92
25.83
24.88
26.36
26.55
34.08
38.22
Basic EPS, GAAP
-0.1
-0.07
0.02
0.51
0.97
1.91
2.67
2.01
-1.95
-5.64
-0.87
0.86
4.13
4.73
Free Cash Flow per Basic Share
-0.03
0.15
-0.08
1.04
1.39
2.46
0.24
0.39
-3.12
-4.4
2.26
3.84
1.39
2.7
Dividend per Share
- -
- -
- -
- -
- -
0.24
0.59
0.49
0.17
- -
- -
- -
0.58
1.23
Book Value per Share
5.4
0.92
0.86
9.51
10.5
12.09
13.59
15.11
12.24
6.89
6.98
7.69
9.9
12.56
Tangible Book Value per Share
5.35
0.9
0.85
9.35
10.3
11.83
13.36
14.9
11.91
6.48
6.7
7.33
9.33
11.74
Basic Weighted Avg Shares
1,293
1,293
1,293
110
110
105
99
100
98
97
110
124
122
122
Sales/Revenue/Turnover
1,069
817
851
1,053
1,358
1,681
1,950
2,282
2,540
2,413
2,903
3,284
4,173
4,673
Operating Margin (%)
-12.88
-17.86
3.37
11.93
10.71
12.62
12.58
14.59
-0.61
-8.78
5.22
9.89
13.76
14.25
Depreciation Expense
16
12
15
15
18
24
32
30
45
60
62
69
64
67
Net Income, GAAP
-124
-91
30
57
107
200
264
200
-191
-547
-96
106
506
579
Effective Tax Rate (%)
- -
- -
18.01
30.73
14.67
11.64
11.72
17.33
- -
- -
- -
18.97
7.39
8.96
Profit Margin (%)
-11.56
-11.12
3.56
5.38
7.86
11.91
13.51
8.78
-7.54
-22.69
-3.3
3.24
12.12
12.39
Working Capital
2,172
1,044
866
864
1,007
1,334
1,927
1,543
1,535
528
986
1,248
2,155
1,954
LT Debt
597
309
38
94
239
532
874
594
1,086
915
830
612
982
787
Total Equity
1,877
1,153
1,127
1,076
1,164
1,204
1,352
1,518
1,213
718
864
956
1,205
1,535
Return on Invested Capital (%)
- -
- -
1.51
6.55
10.92
11.99
12.69
8.73
- -
- -
- -
10.9
20.1
19.57
Return on Capital (%)
- -
- -
3.35
6.12
8.9
13.89
14.97
9.38
- -
- -
- -
10.62
28.34
30.46
Return on Common Equity (%)
-6.3
-6.12
2.73
5.29
9.66
17
20.68
13.97
-14.07
-57.14
-12.2
11.78
47.12
42.58

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
371
447
418
LT Borrowings
952
978
760
LT Finance Leases
31
28
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
121
123
123
Market Capitalization
2,940
3,791
4,496

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,108
4,122
3,981
Cash, Cash Equivalents & STI
999
1,051
835
Accounts Receivable, Net
1,180
1,159
1,188
Inventories
1,367
1,314
1,503
Total Current Liabilities
1,953
2,065
2,027
Payables & Accruals
- -
- -
- -
ST Debt
371
447
418
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.78%
-0.77%
25.99%
Free Cash Flow
-110.35%
-194.66%
-64.1%
Net Income, GAAP
34.24%
14.39%
375.2%
Sales/Revenue/Turnover
17.63%
13.36%
27.07%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
745
777
912
851
3,284
2025
865
991
1,135
1,063
4,173
2026
1,185
1,290
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.62
0.17
0.86
2025
0.69
1.66
0.91
0.86
4.13
2026
1.5
1.46
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
0.41
0.58
2026
0.81
- -
- -
- -
- -

Company Description

CEO
Rodrigo Osmo
Full Time Employees
7,015
Sector
Finance
Industry
Real estate development
Address
Rua Boa Vista, 280 São Paulo SP Brazil 01014-908
IPO Date
Oct 15, 2007
Website
tenda.com
Business
Construtora Tenda S.A. (TEND3.SA) operates as a leading Brazil-based construction and real estate development company focused on affordable housing under the Minha Casa Minha Vida (MCMV) program, primarily targeting low- and middle-income families in brackets 1 and 2; it develops, constructs, and sells residential properties through its core Tenda brand offering traditional civil construction apartments and the Alea brand providing innovative off-site wood-frame industrialized housing assembled from factory-produced panels; additional services include real estate purchase and sale, general construction management, and intermediation of consortium shares. Founded in 1969 and headquartered in São Paulo, the company conducts operations across eight metropolitan regions in Brazil, including São Paulo, Rio de Janeiro, and Northeast expansions such as João Pessoa in 2025, with a landbank potential sales value (PSV) of R$26.1 billion as of 2Q25. In recent developments, Construtora Tenda launched the Converte+ digital sales platform in 2025 to enhance lead conversion and broker training via AI and data intelligence; entered a December 2024 investment agreement enabling Good Karma Partners to acquire a 6.97% stake in subsidiary Alea S.A. for R$80 million to fuel growth, subject to 2025 closing; refocused Alea operations to three São Paulo zones (Tupã, Bauru, Ribeirão Preto) for stabilization, alongside new parapet production lines and the record Canoas project with 1,500 units under the FAR program; and reported 2Q25 net revenue growth of 27.6% year-over-year to R$991.5 million with record quarterly EBITDA and net income.