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Companhia Melhoramentos de São Paulo

Companhia Melhoramentos de São Paulo

MSPA3.SA
Companhia Melhoramentos de São PauloBR flagB3 S.A.
47.00
BRL
+0.50
- -
264.58MMarket Cap
Companhia Melhoramentos de São Paulo
MSPA3.SA
(B3 S.A.)

Recent

price

47.00

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
13.7
16.91
15.3
20.9
42.03
17.52
82.14
20.19
18.9
16.71
13.8
19.79
31.38
27.52
25.47
27.65
26.55
Revenue per Share
-3.51
-0.61
0.51
-1.07
5.23
-12.78
38.03
5.24
0.64
-5.02
-7.53
-4.46
0.24
1.23
0.52
-5.11
-5.38
Basic EPS, GAAP
-1.97
9.05
-8.39
-10.28
2.89
-9.11
9.77
14.21
8.14
-8.45
-7.44
-3.09
6.35
6.68
-1.56
8.03
-0.67
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
1.19
4.96
4.53
0.35
- -
- -
- -
0.06
0.29
0.12
- -
Dividend per Share
-7.43
-7.93
-7.52
-8.38
0.85
-6.3
5.64
21.12
21.1
20.34
12.88
21.1
30.1
24
24
24
22.96
Book Value per Share
73.2
112.65
130.08
128.91
128
111.22
139.83
128.18
126.28
121.25
113.6
112.83
128.89
130.41
131.48
126.55
119.02
Tangible Book Value per Share
7
7
6
6
6
6
6
7
7
7
7
7
6
6
6
6
7
Basic Weighted Avg Shares
101
124
98
134
269
112
526
147
138
122
101
144
201
176
163
177
178
Sales/Revenue/Turnover
-20.15
1.22
14.55
6.14
21.49
-61.06
50
-8.62
-12.36
-34.02
-54.18
-24.72
-4.37
-1.93
6.29
-15.53
-20.26
Operating Margin (%)
5
5
6
8
11
14
14
14
14
14
19
26
27
33
16
26
27
Depreciation Expense
-26
-4
3
-7
33
-82
244
38
5
-37
-55
-33
2
8
3
-33
-36
Net Income, GAAP
- -
- -
20.26
- -
7.44
- -
5.38
- -
- -
- -
- -
- -
- -
58.7
81.85
- -
- -
Effective Tax Rate (%)
-25.59
-3.58
3.31
-5.1
12.44
-72.97
46.3
25.95
3.41
-30.06
-54.53
-22.55
0.75
4.47
2.03
-18.47
-20.26
Profit Margin (%)
13
5
- -
11
91
33
175
162
121
69
34
59
30
47
27
12
-14
Working Capital
3
1
10
41
41
58
26
8
8
41
71
119
109
118
130
161
152
LT Debt
539
828
833
826
820
712
896
933
920
883
828
824
826
839
847
812
798
Total Equity
- -
- -
1.31
- -
5.94
- -
28.43
- -
- -
- -
- -
- -
- -
-0.14
0.18
- -
- -
Return on Invested Capital (%)
- -
- -
-19.02
- -
117.57
- -
447.54
- -
- -
- -
- -
- -
- -
4.1
1.82
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
40.17
3.05
-24.23
-45.32
-26.27
0.87
4.55
2.15
-21.27
-20.44
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
38
46
60
LT Borrowings
167
160
152
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
308
311
315

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
123
129
123
Cash, Cash Equivalents & STI
37
28
22
Accounts Receivable, Net
32
32
33
Inventories
27
28
25
Total Current Liabilities
111
117
137
Payables & Accruals
- -
- -
- -
ST Debt
38
46
60
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.64%
-0.36%
-4.09%
Free Cash Flow
-147.22%
-214.36%
-614.28%
Net Income, GAAP
-226.99%
-173.93%
-1,087.38%
Sales/Revenue/Turnover
33.31%
14.32%
8.56%
Total Cash Common Dividend
- -
- -
-57.94%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
40
37
41
45
163
2025
43
44
46
43
177
2026
44
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.09
0.13
-1.11
- -
0.52
2025
-1.61
-1.64
-1.37
- -
-5.11
2026
-2.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.29
2025
- -
- -
- -
- -
0.12
2026
- -
- -
- -
- -
- -
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Business
Companhia Melhoramentos de São Paulo (MSPA3.SA), founded in 1890 and headquartered in São Paulo, Brazil, operates as a diversified holding company with primary activities in editorial publishing; cultivation and management of planted forests through pine and eucalyptus plantations spanning over 81 million square meters; production of high-performance cellulose fibers including thermo ground wood, bleached thermo ground wood, and neolux fibers used in cardboard, tissue papers, printing and writing papers, and specialty papers; and sustainable real estate development via its subsidiary Altea, which focuses on ESG-compliant projects with well-located land assets. The company serves domestic and international markets across these segments, targeting publishers, paper manufacturers, educational institutions, and real estate partners, with operational units in São Paulo, Bragança Paulista (SP), Caieiras (SP), and Camanducaia (MG). Certified as a B Corporation since August 2024, it emphasizes social and environmental impact in its operations under the Biona brand, aligning with sustainable development goals. Recent developments include a strategic partnership and investment boost with W-Cycle in April 2025 to develop compostable food packaging leveraging its cellulose fiber expertise, alongside reported sales growth of 12.6% to BRL 87.26 million for the six months ended June 30, 2025, reflecting operational momentum amid sector challenges.