1. Brazil Stocks

  2. •

    Consumer Defensive

  3. •

    Grocery Stores
Grupo Mateus S.A.

Grupo Mateus S.A.

GMAT3.SA
Grupo Mateus S.A.BR flagB3 S.A.
3.59
BRL
-0.07
- -
8.26BMarket Cap
Grupo Mateus S.A.
GMAT3.SA
(B3 S.A.)

Recent

price

3.59

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
2.59
3.12
3.65
2.59
3.32
9.85
12.12
14.27
17.12
17.54
Revenue per Share
- -
0.07
0.14
0.15
0.15
0.16
0.48
0.55
0.57
0.82
0.77
Basic EPS, GAAP
- -
-0.06
-0.04
0.06
-0.18
-0.32
0.05
-0.12
0.09
0.36
0.73
Free Cash Flow per Basic Share
- -
0.01
0.01
0.02
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
0.41
0.41
0.41
1
1
2.16
3.52
3.77
4.29
3.96
Book Value per Share
- -
0.55
0.73
0.88
1.19
1.35
3.41
3.65
4.08
4.82
5.03
Tangible Book Value per Share
- -
2,204
2,204
2,204
4,782
4,782
2,210
2,210
2,248
2,245
2,252
Basic Weighted Avg Shares
- -
5,705
6,882
8,036
12,397
15,877
21,768
26,774
32,085
38,424
39,495
Sales/Revenue/Turnover
- -
4.94
6.15
5.74
6.75
5.77
5.87
6.28
6.22
5.88
5.32
Operating Margin (%)
- -
76
88
146
192
265
329
353
377
540
593
Depreciation Expense
- -
159
299
338
726
759
1,052
1,221
1,276
1,833
1,731
Net Income, GAAP
- -
- -
- -
3.48
- -
2.38
2.16
3.34
10.66
- -
8.77
Effective Tax Rate (%)
- -
2.79
4.34
4.2
5.85
4.78
4.83
4.56
3.98
4.77
4.38
Profit Margin (%)
842
1,071
1,440
1,770
4,705
4,622
6,047
5,121
6,188
5,456
5,386
Working Capital
394
567
683
1,142
1,089
1,780
2,920
3,271
3,995
5,432
5,011
LT Debt
1,050
1,209
1,600
1,949
5,708
6,477
7,542
8,105
9,232
11,468
11,998
Total Equity
- -
- -
- -
15.03
- -
11.49
12.86
14.2
13.64
- -
13.48
Return on Invested Capital (%)
- -
- -
- -
19.95
- -
12.54
15.88
14.55
12.29
- -
9.96
Return on Capital (%)
- -
17.48
32.76
37.05
25.5
15.87
22.01
19.43
15.69
20.25
18.96
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
810
1,467
1,800
LT Borrowings
2,241
1,775
1,301
LT Finance Leases
3,514
3,657
3,710
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,245
2,245
2,300
Market Capitalization
15,613
10,128
10,585

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
12,388
12,754
12,953
Cash, Cash Equivalents & STI
1,183
1,802
1,984
Accounts Receivable, Net
3,964
4,081
4,013
Inventories
5,680
5,132
5,184
Total Current Liabilities
6,416
7,297
7,566
Payables & Accruals
- -
- -
- -
ST Debt
810
1,467
1,800
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
15.1%
24.21%
Free Cash Flow
- -
-44.59%
323.46%
Net Income, GAAP
- -
21.48%
43.67%
Sales/Revenue/Turnover
- -
25.55%
19.76%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,382
7,639
8,337
8,727
32,085
2025
8,331
8,780
10,764
10,550
38,424
2026
9,402
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.14
0.16
0.17
0.57
2025
0.12
0.15
0.38
0.14
0.82
2026
0.09
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Grupo Mateus S.A. operates as a prominent food distribution entity across Brazil, concentrating its extensive operations primarily within the North and Northeast regions. The company engages in a diverse range of retail formats, including Mateus Supermercados and Hiper Mateus supermarkets, Camiño convenience stores, and Eletro Mateus outlets for home appliances and furniture. Additionally, it runs a significant wholesale segment under the Mix Atacarejo and Armazém Mateus banners, serving both self-service and delivery customers. Beyond its physical store footprint, Grupo Mateus maintains a robust e-commerce presence through platforms like Mateus Online, Canto do Chef, and Super-Mercado do Futuro, further diversifying its revenue streams. The company also extends into bakery production, specialized slicing and portioning centers, and offers consumer credit solutions via MateusCard and Crednosso cards. Founded in 1986, Grupo Mateus is headquartered in São Luís, Brazil, and has been actively expanding its market share, notably through its business combination with Novo Atacarejo in July 2025, which bolstered its presence in key northeastern states. Despite facing some recent market challenges, including a Q3 2025 revenue miss and an inventory adjustment, the company continues its aggressive expansion strategy by opening new stores while optimizing its portfolio through strategic closures of electronics-focused units.