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GRND3

Grendene BOVESPA:GRND3 Stock Report

Last Price

R$6.56

Market Cap

R$6.1b

7D

1.1%

1Y

2.5%

Updated

04 Dec, 2023

Data

Company Financials +

Grendene S.A.

BOVESPA:GRND3 Stock Report

Mkt Cap: R$6.1b

GRND3 Stock Overview

Grendene S.A. engages in development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

About the company

GRND3 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance1/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 70% below our estimate of its fair value
Earnings are forecast to grow 11.45% per year

Risk Analysis

Dividend of 21.85% is not well covered by earnings or cash flows

Grendene S.A. Competitors

Vulcabras

BOVESPA:VULC3

R$5.3b

Arezzo Indústria e Comércio

BOVESPA:ARZZ3

R$6.6b

Vivara Participações

BOVESPA:VIVA3

R$7.1b

Whirlpool

BOVESPA:WHRL4

R$6.4b

Price History & Performance

Summary of all time highs, changes and price drops for Grendene
Historical stock prices
Current Share PriceR$6.56
52 Week HighR$8.30
52 Week LowR$5.81
Beta0.63
1 Month Change-1.80%
3 Month Change-5.48%
1 Year Change2.50%
3 Year Change-20.77%
5 Year Change-14.58%
Change since IPO68.69%

Recent News & Updates

Returns On Capital Signal Difficult Times Ahead For Grendene (BVMF:GRND3)

Nov 04
Returns On Capital Signal Difficult Times Ahead For Grendene (BVMF:GRND3)

Here's Why Grendene (BVMF:GRND3) Can Manage Its Debt Responsibly

Sep 08
Here's Why Grendene (BVMF:GRND3) Can Manage Its Debt Responsibly

Recent updates

Returns On Capital Signal Difficult Times Ahead For Grendene (BVMF:GRND3)

Nov 04
Returns On Capital Signal Difficult Times Ahead For Grendene (BVMF:GRND3)

Here's Why Grendene (BVMF:GRND3) Can Manage Its Debt Responsibly

Sep 08
Here's Why Grendene (BVMF:GRND3) Can Manage Its Debt Responsibly

The Returns On Capital At Grendene (BVMF:GRND3) Don't Inspire Confidence

May 21
The Returns On Capital At Grendene (BVMF:GRND3) Don't Inspire Confidence

Grendene (BVMF:GRND3) Seems To Use Debt Quite Sensibly

Apr 12
Grendene (BVMF:GRND3) Seems To Use Debt Quite Sensibly

Grendene (BVMF:GRND3) Is Reinvesting At Lower Rates Of Return

Jan 17
Grendene (BVMF:GRND3) Is Reinvesting At Lower Rates Of Return

These 4 Measures Indicate That Grendene (BVMF:GRND3) Is Using Debt Reasonably Well

Dec 28
These 4 Measures Indicate That Grendene (BVMF:GRND3) Is Using Debt Reasonably Well

Grendene (BVMF:GRND3) May Have Issues Allocating Its Capital

Oct 18
Grendene (BVMF:GRND3) May Have Issues Allocating Its Capital

Is Grendene (BVMF:GRND3) A Risky Investment?

Sep 09
Is Grendene (BVMF:GRND3) A Risky Investment?

Grendene (BVMF:GRND3) Is Paying Out A Dividend Of R$0.0284

Aug 09
Grendene (BVMF:GRND3) Is Paying Out A Dividend Of R$0.0284

Here's What's Concerning About Grendene's (BVMF:GRND3) Returns On Capital

Jul 05
Here's What's Concerning About Grendene's (BVMF:GRND3) Returns On Capital

Grendene (BVMF:GRND3) Has Affirmed Its Dividend Of R$0.079

Jun 17
Grendene (BVMF:GRND3) Has Affirmed Its Dividend Of R$0.079

Grendene (BVMF:GRND3) Has Announced A Dividend Of R$0.093

May 05
Grendene (BVMF:GRND3) Has Announced A Dividend Of R$0.093

Grendene (BVMF:GRND3) Could Easily Take On More Debt

Apr 13
Grendene (BVMF:GRND3) Could Easily Take On More Debt

I Built A List Of Growing Companies And Grendene (BVMF:GRND3) Made The Cut

Feb 22
I Built A List Of Growing Companies And Grendene (BVMF:GRND3) Made The Cut

The Returns On Capital At Grendene (BVMF:GRND3) Don't Inspire Confidence

Jan 18
The Returns On Capital At Grendene (BVMF:GRND3) Don't Inspire Confidence

Grendene (BVMF:GRND3) Has A Pretty Healthy Balance Sheet

Jan 02
Grendene (BVMF:GRND3) Has A Pretty Healthy Balance Sheet

Capital Allocation Trends At Grendene (BVMF:GRND3) Aren't Ideal

Oct 12
Capital Allocation Trends At Grendene (BVMF:GRND3) Aren't Ideal

Here's Why Grendene (BVMF:GRND3) Can Manage Its Debt Responsibly

Sep 24
Here's Why Grendene (BVMF:GRND3) Can Manage Its Debt Responsibly

Capital Allocation Trends At Grendene (BVMF:GRND3) Aren't Ideal

Jul 01
Capital Allocation Trends At Grendene (BVMF:GRND3) Aren't Ideal

Grendene (BVMF:GRND3) Seems To Use Debt Quite Sensibly

Jun 13
Grendene (BVMF:GRND3) Seems To Use Debt Quite Sensibly

Grendene (BVMF:GRND3) Will Be Hoping To Turn Its Returns On Capital Around

Mar 26
Grendene (BVMF:GRND3) Will Be Hoping To Turn Its Returns On Capital Around

Grendene's (BVMF:GRND3) Problems Go Beyond Weak Profit

Mar 11
Grendene's (BVMF:GRND3) Problems Go Beyond Weak Profit

Is Grendene (BVMF:GRND3) A Risky Investment?

Mar 09
Is Grendene (BVMF:GRND3) A Risky Investment?

Should Grendene S.A. (BVMF:GRND3) Be Part Of Your Dividend Portfolio?

Feb 19
Should Grendene S.A. (BVMF:GRND3) Be Part Of Your Dividend Portfolio?

Grendene S.A.'s (BVMF:GRND3) Dismal Stock Performance Reflects Weak Fundamentals

Feb 04
Grendene S.A.'s (BVMF:GRND3) Dismal Stock Performance Reflects Weak Fundamentals

What Type Of Shareholders Make Up Grendene S.A.'s (BVMF:GRND3) Share Registry?

Jan 20
What Type Of Shareholders Make Up Grendene S.A.'s (BVMF:GRND3) Share Registry?

Did You Participate In Any Of Grendene's (BVMF:GRND3) Respectable 93% Return?

Jan 05
Did You Participate In Any Of Grendene's (BVMF:GRND3) Respectable 93% Return?

The Trends At Grendene (BVMF:GRND3) That You Should Know About

Dec 18
The Trends At Grendene (BVMF:GRND3) That You Should Know About

These 4 Measures Indicate That Grendene (BVMF:GRND3) Is Using Debt Reasonably Well

Dec 01
These 4 Measures Indicate That Grendene (BVMF:GRND3) Is Using Debt Reasonably Well

Grendene S.A.'s (BVMF:GRND3) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?

Jul 29
Grendene S.A.'s (BVMF:GRND3) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?

What Kind Of Shareholders Hold The Majority In Grendene S.A.'s (BVMF:GRND3) Shares?

Jul 10
What Kind Of Shareholders Hold The Majority In Grendene S.A.'s (BVMF:GRND3) Shares?

Shareholder Returns

GRND3BR LuxuryBR Market
7D1.1%0.7%1.3%
1Y2.5%-12.7%8.6%

Return vs Industry: GRND3 exceeded the BR Luxury industry which returned -13.6% over the past year.

Return vs Market: GRND3 underperformed the BR Market which returned 6.9% over the past year.

Price Volatility

Is GRND3's price volatile compared to industry and market?
GRND3 volatility
GRND3 Average Weekly Movement4.2%
Luxury Industry Average Movement5.5%
Market Average Movement5.1%
10% most volatile stocks in BR Market8.6%
10% least volatile stocks in BR Market2.6%

Stable Share Price: GRND3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GRND3's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197117,192Rudimar Dall'Onderhttps://www.grendene.com.br

Grendene S.A. engages in development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally. The company sells its products under the Melissa, Rider, Grendha, Rider, Cartago, Ipanema, Zaxy, Cartago, Pega Forte, Grendene Kids, Nuar, and Zizou brands. It also licenses the use of celebrity personalities and characters in the children’s media.

Grendene S.A. Fundamentals Summary

How do Grendene's earnings and revenue compare to its market cap?
GRND3 fundamental statistics
Market CapR$6.10b
Earnings (TTM)R$517.25m
Revenue (TTM)R$2.44b

11.4x

P/E Ratio

2.4x

P/S Ratio

Is GRND3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRND3 income statement (TTM)
RevenueR$2.44b
Cost of RevenueR$1.37b
Gross ProfitR$1.07b
Other ExpensesR$553.99m
EarningsR$517.25m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

Feb 09, 2024

Earnings per share (EPS)0.57
Gross Margin43.97%
Net Profit Margin21.23%
Debt/Equity Ratio1.9%

How did GRND3 perform over the long term?

See historical performance and comparison

Dividends

21.9%

Current Dividend Yield

242%

Payout Ratio