1. Brazil Stocks

  2. •

    Basic Materials

  3. •

    Steel
Panatlântica S.A.

Panatlântica S.A.

PATI4.SA
Panatlântica S.A.BR flagB3 S.A.
34.00
BRL
+3.00
- -
813.70MMarket Cap
Panatlântica S.A.
PATI4.SA
(B3 S.A.)

Recent

price

34.00

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
21.12
20.08
22.45
43.16
32.88
29.36
29.91
35.23
45.62
43.9
60.02
111.51
97.4
78.52
88.15
80.58
78.16
Revenue per Share
1.12
0.73
0.93
3.75
0.69
0.51
0.65
0.75
2.75
0.74
7.63
12.26
2.33
0.56
3.54
2.08
2.04
Basic EPS, GAAP
-0.81
2.14
-0.56
0.95
0.89
1.42
1.79
0.52
0.19
4.59
3.8
-4.2
10.87
9.56
6.94
7.54
7.54
Free Cash Flow per Basic Share
0.12
- -
- -
- -
0.2
0.17
0.12
0.15
0.18
0.64
0.18
1.81
2.91
0.55
6.52
2.73
- -
Dividend per Share
7.93
4.67
10.22
14.96
12.64
13.61
13.56
14.72
17.3
17.42
24.87
35.31
18.8
18.8
18.8
18.8
19.47
Book Value per Share
7.87
8.63
10.33
16.12
13.52
14.53
14.41
15
17.54
17.66
25.1
35.54
34.93
34.93
31.1
30.81
31.48
Tangible Book Value per Share
18
18
17
17
22
22
23
23
23
24
24
24
24
24
24
24
24
Basic Weighted Avg Shares
378
366
375
746
737
635
684
814
1,066
1,051
1,436
2,668
2,331
1,879
2,110
1,929
1,871
Sales/Revenue/Turnover
5.59
2.39
4.21
3.26
3.23
3.51
4.13
4.72
6.61
3.97
16.43
15.58
4.43
2.97
6.09
4.41
4.25
Operating Margin (%)
1
2
2
6
7
8
8
9
10
10
10
10
11
13
15
17
18
Depreciation Expense
20
13
15
65
16
11
15
17
64
18
182
293
56
13
85
50
49
Net Income, GAAP
27.75
20.9
23.9
17.34
31.38
36.08
30.07
29.8
17.04
36.26
34.08
33.51
36.81
59.17
29.45
35.4
34.86
Effective Tax Rate (%)
5.29
3.64
4.13
8.68
2.11
1.74
2.16
2.12
6.03
1.7
12.71
10.99
2.39
0.71
4.01
2.59
2.61
Profit Margin (%)
128
135
142
239
246
288
282
370
419
483
686
1,194
1,018
706
656
510
503
Working Capital
4
4
10
81
89
145
136
213
199
271
301
535
372
234
304
183
163
LT Debt
142
159
174
281
306
317
333
350
414
426
605
854
840
841
749
742
758
Total Equity
8.41
3.25
5.01
5.6
3.39
2.68
3.42
4.4
8.78
3.63
17.46
21
4.24
1.68
7.28
4.77
4.45
Return on Invested Capital (%)
15.27
7.65
7.75
31.5
3.4
2.18
7.69
7.48
14.03
5.19
22.83
25.17
10.23
5.43
14.18
11.06
10.64
Return on Capital (%)
15.15
11.73
12.1
30.19
5.74
3.83
4.9
5.32
17.26
4.34
36.07
40.74
8.6
2.98
18.81
11.08
10.45
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
158
135
130
LT Borrowings
205
183
163
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
24
24
Market Capitalization
930
814
814

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,096
981
973
Cash, Cash Equivalents & STI
389
350
301
Accounts Receivable, Net
304
224
322
Inventories
292
285
254
Total Current Liabilities
513
471
470
Payables & Accruals
- -
- -
- -
ST Debt
158
135
130
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.11%
5.57%
-0.93%
Free Cash Flow
164.14%
-120.05%
8.61%
Net Income, GAAP
156.73%
78.73%
-41.1%
Sales/Revenue/Turnover
15.04%
11.49%
-8.59%
Total Cash Common Dividend
214.64%
385.08%
-58.17%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
460
494
599
557
2,110
2025
529
473
495
432
1,929
2026
471
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.62
0.59
1.73
- -
3.54
2025
0.72
0.33
0.21
- -
2.08
2026
0.67
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6.52
2025
- -
- -
- -
- -
2.73
2026
- -
- -
- -
- -
- -
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Business
Panatlântica S.A. engages in the production, trade, import, export and processing of steel and other metals primarily in Brazil. The company offers steel coils and sheets, including hot-rolled, cold-rolled, zinc-coated, galvalume, pre-painted and pickled coils and sheets; LCG thick plates; steel strips comprising hot-rolled, cold-rolled, zinc-plated, galvalume, pre-painted and pickled materials; delaminated strips; special profiles and profiles; and tiles and accessories such as trapezoidal and corrugated roofing surfaces. It also provides steel processing services, including cross-section slitting with rotating shears to form coils and longitudinal cut-to-length services to produce flat sheets. Founded in 1952 and headquartered in Gravataí, Rio Grande do Sul, Brazil, Panatlântica S.A. operates an industrial plant in Glorinha and targets domestic markets in construction, manufacturing and related sectors. The company, formerly known as Aços Laminados Panatlântica S.A., changed its name in April 1987 and went public in 2005. It functions as a subsidiary of LP Aços Comércio e Participações Ltda., which holds a majority 65-67% stake. In January 2024, Companhia Siderúrgica Nacional completed the acquisition of an additional 18.61% stake in Panatlântica for R$150 million from Talavera Administração e Participação Ltda., increasing its ownership to 29.9-31.25% and establishing a renewed 10-year exclusive steel supply agreement alongside a shareholders' agreement with LP Aços. This transaction followed a nine-month reorganization that consolidated control under Raul Maselli via LP Aços after the exit of prior minority partners, bolstering Panatlântica's position in steel distribution. The deal supports strategic expansion in the steel value chain amid ongoing market presence with a market capitalization around R$800 million.