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MRS Logística S.A.

MRS Logística S.A.

MRSA3B.SA
MRS Logística S.A.BR flagB3 S.A.
41.60
BRL
- -
- -
14.06BMarket Cap
MRS Logística S.A.
MRSA3B.SA
(B3 S.A.)

Recent

price

41.60

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
6.33
8.06
8.42
8.55
8.62
8.93
9.23
9.83
10.49
9.01
10.15
12.47
15.75
18.21
19.9
21.48
21.48
Revenue per Share
1.24
1.47
1.24
1.32
1.07
0.83
1.18
1.3
1.47
1.42
1.21
1.97
2.46
3.39
4.01
4.4
3.83
Basic EPS, GAAP
-0.42
-0.46
-0.39
0.63
-0.15
0.84
1.09
1.02
1.23
1.26
3.32
0.15
0.09
4.74
0.46
2.18
1.87
Free Cash Flow per Basic Share
0.81
0.59
0.7
0.87
0.63
0.51
0.2
0.56
0.62
0.7
0.67
0.29
0.47
0.59
0.81
0.91
0.91
Dividend per Share
2.57
6.08
6.74
3.39
3.59
3.92
4.19
4.5
4.84
5.4
5.76
6.06
11.15
11.18
11.43
13.48
13.74
Book Value per Share
5.43
6.25
6.87
7.34
7.88
8.28
9.2
9.89
10.7
11.42
11.96
13.37
15.07
17.04
20.23
23.59
23.77
Tangible Book Value per Share
355
355
355
355
355
355
355
355
355
355
355
355
355
354
353
353
353
Basic Weighted Avg Shares
2,247
2,862
2,990
3,038
3,063
3,173
3,279
3,493
3,726
3,201
3,605
4,427
5,592
6,449
7,025
7,585
7,583
Sales/Revenue/Turnover
27.27
33.25
25.47
26.84
24.43
22.02
27.72
25.16
25.54
31.72
27.26
32.33
33.61
40.84
38.41
38.64
39.17
Operating Margin (%)
259
268
370
403
457
525
569
576
614
921
1,050
1,057
1,055
911
1,015
1,154
1,193
Depreciation Expense
439
521
440
469
379
296
418
461
522
503
430
700
874
1,200
1,416
1,555
1,351
Net Income, GAAP
32.99
34.28
34.71
34.69
34.2
34.52
36.85
35.51
33.5
33.57
33.45
33.11
28.87
32.48
30.87
27.76
33.49
Effective Tax Rate (%)
19.53
18.2
14.72
15.45
12.37
9.32
12.73
13.21
14
15.73
11.94
15.8
15.63
18.61
20.15
20.5
17.81
Profit Margin (%)
56
-72
-154
42
-295
-255
-635
-474
-411
10
-266
281
-646
1,285
1,983
1,945
2,707
Working Capital
1,526
2,073
2,322
2,633
2,722
2,762
2,176
2,056
2,076
4,002
3,831
5,270
5,534
7,355
8,562
10,792
11,908
LT Debt
2,004
2,297
2,509
2,669
2,848
2,984
3,303
3,555
3,844
4,103
4,313
4,847
5,514
6,386
7,466
8,651
8,730
Total Equity
10.93
14.38
9.91
9.62
8.33
7.19
8.87
8.92
9.79
8.5
6.9
9.09
11.16
12.72
11.32
11.04
9.99
Return on Invested Capital (%)
18.23
16.36
10.87
11.87
11.51
9.47
11.91
13.25
14.48
11.36
7.84
10.84
11.46
12.7
13.77
13.64
11.38
Return on Capital (%)
48.05
33.89
19.33
26.11
30.57
22.17
28.99
29.9
31.46
27.69
21.71
33.32
28.6
30.3
35.4
35.35
29.46
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,524
1,384
1,271
LT Borrowings
8,327
8,643
9,690
LT Finance Leases
684
2,149
2,218
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
338
338
337
Market Capitalization
9,675
13,573
16,823

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
5,654
5,560
5,950
Cash, Cash Equivalents & STI
4,494
4,377
4,872
Accounts Receivable, Net
394
430
301
Inventories
364
359
351
Total Current Liabilities
3,484
3,614
3,243
Payables & Accruals
- -
- -
- -
ST Debt
1,524
1,384
1,271
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.3%
14.95%
15.88%
Free Cash Flow
525.79%
1,009.49%
375.81%
Net Income, GAAP
19.93%
30.53%
9.86%
Sales/Revenue/Turnover
9.64%
16.27%
7.97%
Total Cash Common Dividend
22.2%
16.13%
13.02%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,644
1,850
1,917
1,614
7,025
2025
1,677
1,931
2,029
1,949
7,585
2026
1,675
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.89
1.05
1.3
- -
4.01
2025
0.84
1.37
1.3
- -
4.4
2026
0.22
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.81
2025
- -
- -
- -
- -
0.91
2026
- -
- -
- -
- -
- -
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Business
MRS Logística S.A. (MRSA3B.SA) operates as a railway cargo concessionaire managing a 1,643-kilometer network across the states of Minas Gerais, Rio de Janeiro, and São Paulo, Brazil, connecting key production regions for minerals and agricultural commodities to major Southeast ports including Santos and Itaguai; the company, founded in 1996 and headquartered in Juiz de Fora, Minas Gerais, handles approximately one-third of Brazil's rail cargo volume, facilitating nearly 20% of national exports in a region accounting for over 50% of the country's GDP. Core products and services encompass railway transportation of iron ore, coal, finished steel products such as coils, sheets, tubes, wires, and pipes; minerals including bauxite, limestone, granite, salt, sulfur, zinc, and manganese; agricultural commodities like soybeans, corn, sugar, and wheat; cement; scrap and pig iron; containers; and coke, complemented by integrated logistics solutions such as multimodal planning, loading/unloading, storage, transshipment, technical railway consultancy, and sales of reusable materials. MRS Logística maintains a fleet of around 650 locomotives and 20,000 wagons, serving industrial, mining, agricultural, and export customers with high efficiency metrics comparable to leading North American and European railways, emphasizing technology, safety, and innovation in operations. Recent developments include a five-year rail container transport contract with Novelis América do Sul featuring guaranteed volumes, tied to Novelis' US$170 million expansion of its Pindamonhangaba aluminum plant, alongside ongoing investments in safety, community mobility, and environmental management amid a railway concession renewal approaching in 2026.