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Construtora Tenda S.A.

Construtora Tenda S.A.

TEND3.SA
Construtora Tenda S.A.BR flagB3 S.A.
36.61
BRL
-0.39
- -
4.49BMarket Cap
Construtora Tenda S.A.
TEND3.SA
(B3 S.A.)

Recent

price

36.61

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
8.87
1.61
0.69
0.83
0.63
0.66
9.54
12.31
16.04
19.76
22.92
25.83
24.88
26.36
26.55
34.08
35.77
Revenue per Share
0.84
0.1
-0.58
-0.1
-0.07
0.02
0.51
0.97
1.91
2.67
2.01
-1.95
-5.64
-0.87
0.86
4.13
4.94
Basic EPS, GAAP
-2.12
-0.77
-0.53
-0.03
0.15
-0.08
1.04
1.39
2.46
0.24
0.39
-3.12
-4.4
2.26
3.84
1.39
3.04
Free Cash Flow per Basic Share
0.08
- -
0.03
- -
- -
- -
- -
- -
0.24
0.59
0.49
0.17
- -
- -
- -
0.58
1.22
Dividend per Share
2.21
1.08
0.47
0.83
0.85
0.77
-1.32
9.57
10.45
11.1
11
10.89
11.3
8.18
7.28
7.36
7.36
Book Value per Share
3.3
2.24
1.83
1.44
0.88
0.86
9.59
10.35
11.23
13.47
15.03
12.01
6.96
7.53
7.37
9.28
10.43
Tangible Book Value per Share
341
835
1,138
1,293
1,293
1,293
110
110
105
99
100
98
97
110
124
122
122
Basic Weighted Avg Shares
3,022
1,348
788
1,069
817
851
1,053
1,358
1,681
1,950
2,282
2,540
2,413
2,903
3,284
4,173
4,375
Sales/Revenue/Turnover
15.26
7.73
-73.36
-12.88
-17.86
3.37
11.93
10.71
12.62
12.58
14.59
-0.61
-8.78
5.22
9.89
13.76
12.36
Operating Margin (%)
33
14
20
16
12
15
15
18
24
32
30
45
60
62
69
64
65
Depreciation Expense
285
82
-660
-124
-91
30
57
107
200
264
200
-191
-547
-96
106
506
604
Net Income, GAAP
25.08
- -
- -
- -
- -
18.01
30.73
14.67
11.64
11.72
17.33
- -
- -
- -
18.97
7.39
7.76
Effective Tax Rate (%)
9.43
6.12
-83.76
-11.56
-11.12
3.56
5.38
7.86
11.91
13.51
8.78
-7.54
-22.69
-3.3
3.24
12.12
13.8
Profit Margin (%)
1,024
1,948
1,403
2,172
1,044
866
864
1,007
1,334
1,927
1,543
1,535
528
986
1,248
2,155
2,057
Working Capital
644
609
40
597
309
38
94
239
532
874
594
1,086
915
830
612
982
1,007
LT Debt
1,131
1,879
2,098
1,877
1,153
1,127
1,076
1,164
1,204
1,352
1,518
1,213
718
864
956
1,205
1,358
Total Equity
13.09
- -
- -
- -
- -
1.42
6.55
9.18
11.59
10.7
10.98
- -
- -
- -
12.49
22.67
19.7
Return on Invested Capital (%)
17.72
- -
- -
- -
- -
3.49
12.26
17.48
14.85
16.44
10.86
- -
- -
- -
10.63
30.64
36.44
Return on Capital (%)
29.75
9.99
-92.19
-15.41
-8.37
2.89
- -
- -
18.63
24.06
18.29
-17.68
-50.53
-9.6
11.81
56.14
67.02
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
408
371
447
LT Borrowings
716
952
978
LT Finance Leases
30
31
28
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
123
121
123
Market Capitalization
3,207
3,007
3,816

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,739
4,108
4,122
Cash, Cash Equivalents & STI
854
999
1,051
Accounts Receivable, Net
1,059
1,180
1,159
Inventories
1,234
1,367
1,314
Total Current Liabilities
1,976
1,953
2,065
Payables & Accruals
- -
- -
- -
ST Debt
408
371
447
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.78%
-0.77%
25.99%
Free Cash Flow
-110.35%
-194.66%
-64.1%
Net Income, GAAP
34.24%
14.39%
375.2%
Sales/Revenue/Turnover
17.63%
13.36%
27.07%
Total Cash Common Dividend
- -
- -
315.44%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
745
777
912
851
3,284
2025
865
991
1,135
1,063
4,173
2026
1,185
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.62
0.17
0.86
2025
0.69
1.66
0.91
0.86
4.13
2026
1.5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
0.41
0.58
2026
0.81
- -
- -
- -
- -
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Business
Construtora Tenda S.A. (TEND3.SA) operates as a leading Brazil-based construction and real estate development company focused on affordable housing under the Minha Casa Minha Vida (MCMV) program, primarily targeting low- and middle-income families in brackets 1 and 2; it develops, constructs, and sells residential properties through its core Tenda brand offering traditional civil construction apartments and the Alea brand providing innovative off-site wood-frame industrialized housing assembled from factory-produced panels; additional services include real estate purchase and sale, general construction management, and intermediation of consortium shares. Founded in 1969 and headquartered in São Paulo, the company conducts operations across eight metropolitan regions in Brazil, including São Paulo, Rio de Janeiro, and Northeast expansions such as João Pessoa in 2025, with a landbank potential sales value (PSV) of R$26.1 billion as of 2Q25. In recent developments, Construtora Tenda launched the Converte+ digital sales platform in 2025 to enhance lead conversion and broker training via AI and data intelligence; entered a December 2024 investment agreement enabling Good Karma Partners to acquire a 6.97% stake in subsidiary Alea S.A. for R$80 million to fuel growth, subject to 2025 closing; refocused Alea operations to three São Paulo zones (Tupã, Bauru, Ribeirão Preto) for stabilization, alongside new parapet production lines and the record Canoas project with 1,500 units under the FAR program; and reported 2Q25 net revenue growth of 27.6% year-over-year to R$991.5 million with record quarterly EBITDA and net income.