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    Real Estate - Development
EZTEC Empreendimentos e Participações S.A.

EZTEC Empreendimentos e Participações S.A.

EZTC3.SA
EZTEC Empreendimentos e Participações S.A.BR flagB3 S.A.
12.80
BRL
-0.19
- -
2.79BMarket Cap
EZTEC Empreendimentos e Participações S.A.
EZTC3.SA
(B3 S.A.)

Recent

price

12.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.56
2.94
2.49
4.48
4
3.44
2.3
3.85
1.54
2.79
3.24
3.33
4.01
3.91
5.63
5.31
5.44
Revenue per Share
0.99
1.3
1.32
2.3
2
1.87
0.92
1.41
0.38
0.97
1.4
1.49
1.16
0.86
1.46
1.9
2.02
Basic EPS, GAAP
0.43
-0.44
-0.4
0.08
-0.23
0.31
0.47
2.88
0.55
0.28
-0.21
-0.1
-1.32
-0.84
-0.15
1.71
2.31
Free Cash Flow per Basic Share
0.16
0.23
0.31
0.31
0.59
0.69
0.62
2.44
0.34
0.08
0.23
0.33
0.62
0.16
0.85
1.2
1.11
Dividend per Share
2.92
2.86
4.13
4.13
4.42
5.15
5.45
5.33
5.33
10.01
10.01
11.53
11.51
11.28
11.87
15.25
15.92
Book Value per Share
4.49
5.54
6.51
8.27
10.14
11.4
11.41
10.07
10.36
13.19
14.33
15.17
16.24
16.96
17.59
18.14
18.86
Tangible Book Value per Share
248
253
254
254
238
237
249
254
254
289
289
288
279
277
277
282
278
Basic Weighted Avg Shares
636
744
632
1,139
951
814
572
980
391
804
937
958
1,121
1,083
1,561
1,499
1,510
Sales/Revenue/Turnover
35.7
38.59
38.47
40.26
34.97
33.25
20.34
27.08
-3.77
19.47
24.16
24.35
13.62
7.98
16.34
25.1
24.33
Operating Margin (%)
1
2
3
11
10
8
7
4
3
10
9
5
13
24
29
21
25
Depreciation Expense
245
329
336
586
474
444
230
359
98
281
405
430
325
239
405
535
561
Net Income, GAAP
8.45
6.33
3.41
4.27
4.65
6.09
6.51
5.92
8.9
7.26
4.41
5.45
9.47
10.17
8.08
8.97
8.56
Effective Tax Rate (%)
38.57
44.21
53.16
51.45
49.85
54.52
40.23
36.6
24.96
34.94
43.26
44.9
28.96
22.11
25.93
35.7
37.12
Profit Margin (%)
600
571
807
1,192
1,126
1,461
1,818
1,325
1,441
2,114
1,757
1,733
1,862
2,108
2,234
2,907
2,958
Working Capital
- -
49
54
273
50
171
129
110
66
36
13
33
472
725
1,070
1,574
1,610
LT Debt
1,117
1,405
1,663
2,110
2,417
2,706
2,844
2,564
2,637
3,810
4,136
4,369
4,539
4,705
4,883
5,120
5,239
Total Equity
19.11
20.42
14.41
20.73
11.71
8.57
3.51
8.24
-0.48
4.37
5.35
5.11
2.89
1.45
4.01
5.28
4.94
Return on Invested Capital (%)
31.86
42.4
34.38
46.39
32.65
29.56
14.4
22.09
6.75
12.44
13.33
13.28
9.24
6.94
9.75
11.21
11.58
Return on Capital (%)
33.9
45.43
37.9
55.81
45.17
39.12
17.87
26.45
7.19
13.24
14.03
13.86
9.94
7.55
12.6
14.09
15.14
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
262
152
125
LT Borrowings
1,139
1,557
1,593
LT Finance Leases
18
17
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
277
277
277
Market Capitalization
2,824
3,813
3,882

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,960
3,303
3,352
Cash, Cash Equivalents & STI
1,233
1,559
1,721
Accounts Receivable, Net
476
439
363
Inventories
1,197
1,283
1,238
Total Current Liabilities
523
397
394
Payables & Accruals
- -
- -
- -
ST Debt
262
152
125
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.3%
4.36%
4.85%
Free Cash Flow
-5.06%
-66.91%
-1,286.17%
Net Income, GAAP
22.38%
11.32%
32.23%
Sales/Revenue/Turnover
15.98%
11.21%
-3.95%
Total Cash Common Dividend
84.38%
103.96%
43.79%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
239
416
479
427
1,561
2025
311
449
469
269
1,499
2026
323
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.32
0.48
- -
1.46
2025
0.34
0.5
0.66
- -
1.9
2026
0.43
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.05
0.08
- -
0.85
2025
0.11
0.08
0.24
- -
1.2
2026
- -
- -
- -
- -
- -
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Business
EZTEC Empreendimentos e Participações S.A. is a prominent player in Brazil's real estate development and construction industry, primarily focused on the São Paulo metropolitan region. The company engages in the creation and sale of both residential properties and commercial office developments, catering to a diverse range of income brackets. EZTEC maintains a robust pipeline of projects supported by a significant land bank and operates with an integrated business model encompassing development, engineering, and sales. Its recent financial results highlight strong performance and consistent profitability in the market.