GRND3 Stock Overview
Grendene S.A. develops, manufactures, distributes, and sells footwear for women, men, and children primarily in Brazil.
Price History & Performance
|Historical stock prices|
|Current Share Price||R$9.22|
|52 Week High||R$12.61|
|52 Week Low||R$7.52|
|1 Month Change||-5.92%|
|3 Month Change||10.95%|
|1 Year Change||-1.18%|
|3 Year Change||31.53%|
|5 Year Change||0.95%|
|Change since IPO||137.11%|
Recent News & Updates
Grendene (BVMF:GRND3) Has Announced A Dividend Of R$0.093
Grendene S.A. ( BVMF:GRND3 ) will pay a dividend of R$0.093 on the 25th of May. Based on this payment, the dividend...
Grendene (BVMF:GRND3) Could Easily Take On More Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|GRND3||BR Luxury||BR Market|
Return vs Industry: GRND3 exceeded the BR Luxury industry which returned -31% over the past year.
Return vs Market: GRND3 exceeded the BR Market which returned -20.2% over the past year.
|GRND3 Average Weekly Movement||5.6%|
|Luxury Industry Average Movement||6.3%|
|Market Average Movement||6.4%|
|10% most volatile stocks in BR Market||10.0%|
|10% least volatile stocks in BR Market||3.0%|
Stable Share Price: GRND3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: GRND3's weekly volatility (6%) has been stable over the past year.
About the Company
Grendene S.A. develops, manufactures, distributes, and sells footwear for women, men, and children primarily in Brazil. The company sells its products under the Melissa, Rider, Grendha, Ipanema, Ilhabela, Zaxy, Cartago, Pega Forte, Grendene Kids, and Zizou brands. It also licenses the use of names and brands of Brazilian and international celebrities, and children's-market characters in the children’s media.
Grendene Fundamentals Summary
|GRND3 fundamental statistics|
Is GRND3 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GRND3 income statement (TTM)|
|Cost of Revenue||R$1.35b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 04, 2022
|Earnings per share (EPS)||0.66|
|Net Profit Margin||25.56%|
How did GRND3 perform over the long term?See historical performance and comparison
4.8%Current Dividend Yield
Is Grendene undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GRND3 (R$9.22) is trading below our estimate of fair value (R$16.77)
Significantly Below Fair Value: GRND3 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GRND3 is poor value based on its PE Ratio (13.9x) compared to the BR Luxury industry average (8.4x).
PE vs Market: GRND3 is poor value based on its PE Ratio (13.9x) compared to the BR market (8.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GRND3's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GRND3 is overvalued based on its PB Ratio (2x) compared to the BR Luxury industry average (1.2x).
How is Grendene forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if GRND3's forecast earnings growth is above the savings rate (9.1%).
Earnings vs Market: Insufficient data to determine if GRND3's earnings are forecast to grow faster than the BR market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GRND3's revenue (8.9% per year) is forecast to grow faster than the BR market (6.2% per year).
High Growth Revenue: GRND3's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GRND3's Return on Equity is forecast to be high in 3 years time
How has Grendene performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRND3 has high quality earnings.
Growing Profit Margin: GRND3's current net profit margins (25.6%) are higher than last year (24.6%).
Past Earnings Growth Analysis
Earnings Trend: GRND3's earnings have declined by 1.6% per year over the past 5 years.
Accelerating Growth: GRND3's earnings growth over the past year (18.4%) exceeds its 5-year average (-1.6% per year).
Earnings vs Industry: GRND3 earnings growth over the past year (18.4%) underperformed the Luxury industry 112.5%.
Return on Equity
High ROE: GRND3's Return on Equity (14.5%) is considered low.
How is Grendene's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GRND3's short term assets (R$2.9B) exceed its short term liabilities (R$407.4M).
Long Term Liabilities: GRND3's short term assets (R$2.9B) exceed its long term liabilities (R$72.0M).
Debt to Equity History and Analysis
Debt Level: GRND3 has more cash than its total debt.
Reducing Debt: GRND3's debt to equity ratio has reduced from 6.5% to 2.7% over the past 5 years.
Debt Coverage: GRND3's debt is well covered by operating cash flow (532.1%).
Interest Coverage: GRND3 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Grendene current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GRND3's dividend (4.75%) is higher than the bottom 25% of dividend payers in the BR market (1.37%).
High Dividend: GRND3's dividend (4.75%) is low compared to the top 25% of dividend payers in the BR market (6.65%).
Stability and Growth of Payments
Stable Dividend: GRND3's dividend payments have been volatile in the past 10 years.
Growing Dividend: GRND3's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (66.5%), GRND3's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (85.3%), GRND3's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Rudimar Dall'Onder (64 yo)
Mr. Rudimar Dall'Onder has been Chief Administrative Officer and Chief Financial Officer at Grendene S.A. since 2019 and also serves as it's Chief Executive Officer since March 2013 and serves as its Membe...
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Grendene S.A.'s employee growth, exchange listings and data sources
- Name: Grendene S.A.
- Ticker: GRND3
- Exchange: BOVESPA
- Founded: 1971
- Industry: Footwear
- Sector: Consumer Durables
- Implied Market Cap: R$8.318b
- Shares outstanding: 902.16m
- Website: https://www.grendene.com.br
Number of Employees
- Grendene S.A.
- Avenida Pimentel Gomes 214
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/21 00:00|
|End of Day Share Price||2022/05/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.