Vulcabras SA

Vulcabras SA

15.94
BRL
-0.04
(-0.25%)
4.44BMarket Cap
Nov 10Next 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
6.67
6.37
4.86
5.71
5.99
4.74
5.16
4.47
7.08
9.62
10.85
10.67
12.31
- -
Basic EPS, GAAP
-0.64
-0.37
-0.25
0.18
0.9
0.58
0.54
0.12
1.19
1.78
1.91
1.99
4.03
- -
Free Cash Flow per Basic Share
-0.04
-0.39
-0.21
0.39
1.13
0.11
0.32
-0.26
-0.14
0.53
1.48
1.27
1.04
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.33
0.34
0.88
2.74
3.38
1.25
Book Value per Share
0.67
0.31
0.18
0.26
2.97
3.57
4.12
4.27
5.14
6.5
7.58
7.34
7.76
8.44
Tangible Book Value per Share
-0.47
-0.78
-0.88
-0.76
2.2
2.77
3.31
3.47
4.35
5.71
6.79
6.6
7.07
7.77
Basic Weighted Avg Shares
199
199
199
199
211
264
264
264
264
264
260
286
289
299
Sales/Revenue/Turnover
1,327
1,267
966
1,134
1,263
1,249
1,360
1,179
1,867
2,537
2,818
3,049
3,560
- -
Operating Margin (%)
-1.52
2.37
3.46
9.83
18.53
12.38
9.2
3.11
16.35
17.16
18.86
18.72
21.1
- -
Depreciation Expense
81
76
72
68
56
58
81
76
73
82
99
106
131
- -
Net Income, GAAP
-127
-73
-50
36
189
152
143
32
314
470
495
570
1,165
- -
Effective Tax Rate (%)
- -
- -
- -
2.91
1.13
0.96
2.6
12.92
7.18
3.08
7.97
5.52
- -
- -
Profit Margin (%)
-9.55
-5.75
-5.17
3.15
14.96
12.18
10.52
2.68
16.81
18.52
17.56
18.69
32.73
- -
Working Capital
58
133
-58
176
401
525
645
806
804
1,023
1,449
1,459
1,651
1,733
LT Debt
445
553
325
519
19
53
65
212
100
164
210
159
673
544
Total Equity
133
61
36
52
785
941
1,087
1,125
1,357
1,712
1,995
2,110
2,427
2,652
Return on Invested Capital (%)
- -
- -
- -
12.78
27.37
16.34
12.52
2.25
18.39
21.18
20.74
21.29
- -
- -
Return on Capital (%)
- -
- -
- -
12.76
25.38
16.27
13.41
3.36
21.19
26.11
23.55
24.98
- -
- -
Return on Common Equity (%)
-182.56
-75.02
-103.69
81.92
45.2
17.63
14.11
2.86
25.3
30.64
26.7
27.77
51.37
- -

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
342
441
426
LT Borrowings
644
591
519
LT Finance Leases
29
26
25
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
313
314
314
Market Capitalization
6,268
5,503
4,442

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,379
2,510
2,619
Cash, Cash Equivalents & STI
204
350
356
Accounts Receivable, Net
1,078
917
1,044
Inventories
835
987
994
Total Current Liabilities
728
850
885
Payables & Accruals
- -
- -
- -
ST Debt
342
441
426
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
158.09%
16.82%
15.02%
Free Cash Flow
-52.78%
-75.26%
-16.96%
Net Income, GAAP
122.26%
213.63%
104.49%
Sales/Revenue/Turnover
15.35%
26.05%
16.79%
Total Cash Common Dividend
- -
- -
24.98%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
597
761
785
906
3,049
2025
701
895
- -
1,009
3,560
2026
776
995
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.48
0.6
0.59
1.99
2025
0.37
1.3
- -
0.56
4.03
2026
0.26
0.46
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.62
0.57
0.24
0.36
2.74
2025
0.35
0.38
- -
1.32
3.38
2026
- -
- -
- -
- -
- -

Company Description

CEO
Pedro Bartelle
Full Time Employees
18,299
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
Av. Antônio Frederico Ozanan, 1440 Jundiai SP Brazil 13219-001
IPO Date
Dec 26, 1994
Business
Vulcabras S.A. (VULC3.SA) manufactures and markets sports footwear, apparel, and accessories in Brazil and select international markets. The company produces athletic footwear, sports-oriented clothing, and related gear under licensed brands including Mizuno, Under Armour, and Olympikus; safety boots under the Botas Vulcabras brand for sectors such as hospitals, mining, steelmaking, agribusiness, and civil construction; and develops over 600 new models annually at its technology center in Parobé, Rio Grande do Sul. Products distribute through e-commerce platforms, brand-owned stores, and a network serving more than 10,000 customers across Brazil and South American countries including Peru, Chile, and Colombia. Founded in 1952 and headquartered in Jundiaí, São Paulo, the company operates production facilities in Horizonte, Ceará, and Itapetinga, Bahia; an administrative center in Jundiaí; a logistics hub in Extrema, Minas Gerais; and a distribution branch in Peru, employing over 18,000 workers. Vulcabras S.A. functions as a subsidiary of Gianpega Negócios e Participações S.A. and leads Latin America's sports footwear sector through portfolio diversification and innovation. In recent developments, the company invests in production capacity expansions, including straight-line machinery and distribution enhancements at its Extrema center, with 3Q25 capital expenditures reaching R$63.7 million focused on industrial modernization and efficiency. It declares substantial dividends, including an extraordinary R$597.7 million payout alongside a matching capital increase via private placement, and pursues direct-to-consumer channel growth yielding higher margins. Strategic shifts since 2021 encompass a name change from Vulcabras Azaleia S.A., full integration of Mizuno operations in Brazil, and licensing of the women's Azaleia brand to Grendene, sharpening focus on sports segments.