Cury Construtora e Incorporadora

BOVESPA:CURY3 Stock Report

Mkt Cap: R$3.0b

We’ve recently updated our valuation analysis.

Cury Construtora e Incorporadora Valuation

Is CURY3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CURY3?

Other financial metrics that can be useful for relative valuation.

CURY3 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA7x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does CURY3's PE Ratio compare to its peers?

The above table shows the PE ratio for CURY3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.3x
EZTC3 EZTEC Empreendimentos e Participações
9.5x18.4%R$3.4b
MRVE3 MRV Engenharia e Participações
9.6x39.1%R$4.0b
DIRR3 Direcional Engenharia
12.3x29.9%R$2.0b
CYRE3 Cyrela Brazil Realty Empreendimentos e Participações
6.7x12.9%R$5.3b
CURY3 Cury Construtora e Incorporadora
9.3x26.5%R$3.0b

Price-To-Earnings vs Peers: CURY3 is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (9.3x).


Price to Earnings Ratio vs Industry

How does CURY3's PE Ratio compare vs other companies in the South American Consumer Durables Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.5%
n/an/an/a

Price-To-Earnings vs Industry: CURY3 is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the South American Consumer Durables industry average (8.9x)


Price to Earnings Ratio vs Fair Ratio

What is CURY3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CURY3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: CURY3 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).


Share Price vs Fair Value

What is the Fair Price of CURY3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CURY3 (R$11) is trading below our estimate of fair value (R$22.1)

Significantly Below Fair Value: CURY3 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CURY3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR$11.04
R$15.78
+43.0%
7.3%R$17.00R$13.70n/a6
Nov ’23R$12.69
R$15.78
+24.4%
7.3%R$17.00R$13.70n/a6
Oct ’23R$11.89
R$13.37
+12.4%
14.0%R$16.00R$11.00n/a6
Sep ’23R$9.20
R$12.37
+34.4%
18.5%R$16.00R$9.00n/a6
Aug ’23R$7.70
R$12.03
+56.3%
18.4%R$16.00R$9.00n/a6
Jul ’23R$6.30
R$13.75
+118.3%
13.2%R$16.00R$11.00n/a4
Jun ’23R$6.70
R$14.13
+110.8%
8.8%R$16.00R$13.00n/a4
May ’23R$7.33
R$14.13
+92.7%
8.8%R$16.00R$13.00n/a4
Apr ’23R$7.80
R$13.88
+77.9%
10.9%R$16.00R$12.00n/a4
Mar ’23R$7.54
R$14.40
+91.0%
11.9%R$16.50R$12.00n/a5
Feb ’23R$8.45
R$14.40
+70.4%
11.9%R$16.50R$12.00n/a5
Jan ’23R$7.00
R$14.40
+105.7%
11.9%R$16.50R$12.00n/a5
Dec ’22R$6.73
R$15.10
+124.4%
11.4%R$16.50R$12.00n/a5
Nov ’22R$6.92
R$15.10
+118.2%
11.4%R$16.50R$12.00R$12.695
Oct ’22R$7.32
R$15.26
+108.5%
11.1%R$16.50R$12.00R$11.895
Sep ’22R$7.84
R$16.26
+107.4%
3.5%R$17.00R$15.30R$9.205
Aug ’22R$9.12
R$16.20
+77.6%
3.9%R$17.00R$15.30R$7.704
Jul ’22R$10.06
R$16.20
+61.0%
3.9%R$17.00R$15.30R$6.304
Jun ’22R$9.48
R$16.20
+70.9%
3.9%R$17.00R$15.30R$6.704
May ’22R$9.83
R$16.20
+64.8%
3.9%R$17.00R$15.30R$7.334
Apr ’22R$9.57
R$16.20
+69.3%
3.9%R$17.00R$15.30R$7.804
Mar ’22R$9.37
R$15.93
+70.0%
3.1%R$16.50R$15.30R$7.543
Feb ’22R$11.05
R$16.10
+45.7%
1.8%R$16.50R$15.80R$8.453
Jan ’22R$10.40
R$16.15
+55.3%
2.2%R$16.50R$15.80R$7.002
Dec ’21R$11.33
R$16.15
+42.5%
2.2%R$16.50R$15.80R$6.732
Nov ’21R$10.79
R$16.50
+52.9%
0%R$16.50R$16.50R$6.921

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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