MPM Corpóreos S.A.

MPM Corpóreos S.A.

ESPA3.SA
MPM Corpóreos S.A.BR flagB3 S.A.
8.06
BRL
+0.16
- -
288.74MMarket Cap
MPM Corpóreos S.A.
ESPA3.SA
(B3 S.A.)

Recent

price

8.06

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.75
13.45
25.9
28.77
30.75
34.11
27.85
28.49
30.44
30.6
Revenue per Share
1.43
1.32
2.04
3.42
7.63
-1.89
-0.64
0.07
0.44
0.44
Basic EPS, GAAP
-0.55
-0.7
-1.25
3.1
-5.77
-1.88
0.8
2.3
1.75
2.26
Free Cash Flow per Basic Share
0.12
0.6
0.61
0.77
1.5
- -
- -
- -
0.02
0.28
Dividend per Share
6.55
7.53
6.69
13.37
28.39
24.37
23.73
23.68
23.91
24.27
Book Value per Share
-1.57
-3.07
-7.24
-0.51
-5.12
1.64
1.46
1.81
2.45
2.88
Tangible Book Value per Share
25
25
25
18
23
27
36
36
36
36
Basic Weighted Avg Shares
194
336
648
522
714
907
1,006
1,030
1,093
1,102
Sales/Revenue/Turnover
28.73
19.62
23.9
13.2
14.72
10.84
12.63
14.37
15.64
15.78
Operating Margin (%)
9
22
59
57
65
88
94
99
101
104
Depreciation Expense
36
33
51
62
177
-50
-23
3
16
16
Net Income, GAAP
27.25
33.67
41.74
49.34
2
- -
1,562.18
91.11
63.34
60.16
Effective Tax Rate (%)
18.48
9.79
7.88
11.9
24.83
-5.54
-2.3
0.24
1.43
1.45
Profit Margin (%)
15
8
29
194
103
417
2
342
421
442
Working Capital
6
81
215
343
616
800
413
684
697
721
LT Debt
171
203
223
349
722
887
860
856
856
866
Total Equity
- -
14.75
18.45
4.65
8.02
- -
-101.46
0.73
3.61
3.92
Return on Invested Capital (%)
- -
11.98
12.56
13.74
21.9
- -
-112.32
0.84
4.27
4.8
Return on Capital (%)
- -
18.71
28.73
24.77
33.86
-6.3
-2.66
0.29
1.83
1.83
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
212
56
77
LT Borrowings
587
651
646
LT Finance Leases
50
46
75
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
36
36
36
Market Capitalization
448
373
405

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,069
1,028
1,046
Cash, Cash Equivalents & STI
240
145
172
Accounts Receivable, Net
769
818
814
Inventories
- -
- -
- -
Total Current Liabilities
704
607
604
Payables & Accruals
- -
- -
- -
ST Debt
212
56
77
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
25.29%
-0.01%
Free Cash Flow
- -
-79.31%
-24.55%
Net Income, GAAP
- -
83%
522.56%
Sales/Revenue/Turnover
- -
16.65%
6.14%
Total Cash Common Dividend
- -
- -
-98.28%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
274
249
238
270
1,030
2025
279
259
266
288
1,093
2026
288
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.05
-0.27
- -
0.07
2025
0.34
0.07
-0.22
0.25
0.44
2026
0.35
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.02
2026
0.28
- -
- -
- -
- -
Business
MPM Corpóreos S.A. operates as a leading provider of laser hair removal and aesthetic services in Latin America, primarily through owned and franchised stores under the Espaçolaser brand in Brazil; Definit brand in Argentina; and Cela by Espaçolaser in Chile, with additional presence in Colombia and Paraguay. The company offers comprehensive laser depilation services covering 35 body areas for women and 29 for men; facial aesthetics treatments including botulinum toxin injections, dermal fillers, laser facial procedures, and chemical peels under the Estudioface brand; physiotherapy services in body aesthetics; and complementary products such as body lotions, gels, and moisturizers. Founded in 2004 and headquartered in São Paulo, Brazil, MPM Corpóreos serves over five million customers across all Brazilian states and key Latin American markets through an omnichannel platform featuring interconnected stores, a mobile app, e-commerce, and flexible financing options; it operates through Laser, International Operations, and Franchising segments as a subsidiary of Grupo Espaçolaser, employing over 4,600 people with approximately 870 stores as of late 2024. In recent developments, the company expanded to 872 stores by year-end 2024, including 806 in Brazil and 66 across Latin America, while launching a cooling system project to enhance operational efficiency and reduce costs. It reported Q1 2025 earnings, announced early debenture redemptions totaling R$593 million in October 2025 to lower leverage and optimize its capital structure, and continued store growth with 31 new units in Brazil and 16 in other Latin American countries during 2024 alongside digital transformation initiatives boosting app adoption and customer NPS to 87.