1. Brazil Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
M. Dias Branco S.A. Indústria e Comércio de Alimentos

M. Dias Branco S.A. Indústria e Comércio de Alimentos

MDIA3.SA
M. Dias Branco S.A. Indústria e Comércio de AlimentosBR flagB3 S.A.
17.61
BRL
-0.19
- -
5.91BMarket Cap
M. Dias Branco S.A. Indústria e Comércio de Alimentos
MDIA3.SA
(B3 S.A.)

Recent

price

17.61

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
7.18
8.55
10.42
12.67
13.46
13.62
15.72
15.97
17.77
18
21.39
23.05
29.88
31.98
28.5
30.79
30.81
Revenue per Share
1.03
1.08
1.38
1.54
1.76
1.78
2.31
2.49
2.13
1.64
2.25
1.49
1.42
2.62
1.91
1.95
2.06
Basic EPS, GAAP
0.63
0.89
0.65
0.89
0.88
0.27
2.08
1.62
1.34
1.07
1.37
2.25
-0.21
5.5
0.92
3.34
2.99
Free Cash Flow per Basic Share
0.22
0.26
0.25
0.34
0.34
0.57
0.41
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.27
2.28
2.36
2.43
2.91
5.01
5.03
5.21
6.66
7.4
7.58
7.66
7.66
7.66
7.66
7.66
7.66
Book Value per Share
3.54
3.36
4.66
5.83
7.19
8.48
10.33
12.2
11.3
12.72
14.53
14.98
12.84
15.37
16.47
17.17
17.55
Tangible Book Value per Share
340
340
340
340
340
339
339
339
339
339
339
339
339
339
339
339
339
Basic Weighted Avg Shares
2,444
2,911
3,545
4,312
4,580
4,622
5,328
5,415
6,025
6,104
7,253
7,814
10,129
10,840
9,663
10,438
10,446
Sales/Revenue/Turnover
16.89
14.44
15.38
13.42
14.57
12.74
15.21
15.2
12.62
9.1
9.79
5.3
5.71
9.83
8.9
6.84
6.93
Operating Margin (%)
54
66
81
95
102
106
119
128
182
234
260
287
317
365
369
412
415
Depreciation Expense
352
367
471
524
599
604
784
844
723
557
764
505
482
889
646
660
697
Net Income, GAAP
11.4
8.96
7.34
7.08
8.66
5.94
5.74
7.79
9.23
2.13
4
- -
- -
5.06
21.53
6.84
7.59
Effective Tax Rate (%)
14.39
12.59
13.27
12.16
13.08
13.07
14.72
15.59
12.01
9.12
10.53
6.46
4.76
8.2
6.68
6.32
6.67
Profit Margin (%)
367
281
617
691
949
1,124
1,535
1,962
1,168
1,168
2,237
3,114
2,410
3,274
3,266
3,596
3,601
Working Capital
62
170
316
159
252
295
262
222
323
248
772
1,602
1,764
1,678
1,272
1,269
1,538
LT Debt
1,761
2,006
2,411
2,820
3,286
3,717
4,334
4,992
5,562
6,035
6,646
7,032
6,709
7,605
7,998
8,238
8,361
Total Equity
18.18
17.36
19.11
17.28
16.9
13.37
16.37
14.79
11.48
7.98
9
- -
- -
10.67
6.58
6.54
6.4
Return on Invested Capital (%)
32.35
38.42
45.01
44.45
44.18
32.34
35.12
40.17
28.94
18.64
22.07
- -
- -
22.11
16.03
18.33
21.61
Return on Capital (%)
39.62
47.32
59.64
64.34
65.94
44.87
46.04
48.65
35.96
23.36
30.09
19.55
18.55
34.21
24.87
25.4
26.57
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
704
155
187
LT Borrowings
1,280
1,068
1,339
LT Finance Leases
219
201
199
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
335
335
335
Market Capitalization
9,743
8,122
7,800

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
6,333
5,831
5,783
Cash, Cash Equivalents & STI
2,538
1,919
1,950
Accounts Receivable, Net
1,760
1,844
1,588
Inventories
1,673
1,675
1,794
Total Current Liabilities
2,718
2,235
2,182
Payables & Accruals
- -
- -
- -
ST Debt
704
155
187
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.46%
4.55%
3%
Free Cash Flow
-197.63%
-521.96%
261.02%
Net Income, GAAP
5.81%
4.16%
2.15%
Sales/Revenue/Turnover
8.98%
8.31%
8.02%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,140
2,630
2,404
2,489
9,663
2025
2,209
2,723
2,784
2,721
10,438
2026
2,217
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.46
0.57
0.37
- -
1.91
2025
0.2
0.64
0.64
- -
1.95
2026
0.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Brimstone Investment Corporation Limited (BRN.JO)
PP PRIME Public Company Limited (PPPM.BK)
Chaman Lal Setia Exports Ltd. (CLSEL.BO)
Tipiak S.A. (TIPI.PA)
Namchow Food Group (Shanghai) Co., Ltd. (605339.SS)
Tehmag Foods Corporation (1264.TWO)
Business
M. Dias Branco S.A. Indústria e Comércio de Alimentos manufactures, markets and distributes a broad range of wheat-derived and other food products throughout Brazil. The company produces biscuits including cream crackers, chocolate-coated varieties and wafers; pastas such as spaghetti, lasagna and other formats; wheat flour and bran; cake mixes; margarines and vegetable shortenings or cremes; cakes; corn and wheat snacks; packaged toast or torradas; peanut paste; seasonings; chocolates; granolas; cookies; gluten-free baked goods; and healthy options including integral, organic, lactose-free and zero-sugar products. It operates under leading brands such as Vitarella, Adria, Fortaleza, Richester, Isabela, Piraquê, Pilar, Zaber, Amorela, Basilar, Pelaggio, Estrela, Salsitos, Puro Sabor, Medalha de Ouro, Bonsabor, Adorita, Predilleto, Finna and Jasmine; maintains 22 industrial units comprising 13 factories for pastas, biscuits and other foods, seven wheat mills and two cremes and margarines plants; and supports these with 23 distribution centers covering all 26 Brazilian states and the Federal District. Founded in 1936 by Manoel Dias Branco as a bakery in Fortaleza, Ceará, the company is headquartered in Eusébio, Ceará, and has been publicly listed on B3's Novo Mercado segment under ticker MDIA3.SA since 2006. Recent developments include the 2022 acquisition of Jasmine Alimentos, expanding its healthy foods portfolio with over 140 SKUs in granolas, gluten-free breads and integral cookies, and the 2024 introduction of sustainable packaging for Vitarella cream crackers using recycled plastics in partnership with Valgroup; in Q3 2025, the company reported net revenue growth of 16% year-over-year to BRL 2.8 billion, EBITDA up 39% to BRL 318 million with an 11.4% margin, net income up 73% to BRL 216 million, sales volume growth of 15% and market share gains in key categories like biscuits and pastas; it also joined B3's Carbon Efficient Index (ICO2 B3) in 2025 and continues investing in efficiency via artificial intelligence, factory productivity and the SAP system rollout.