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GRND

Grendene BOVESPA:GRND3 Stock Report

Last Price

R$9.22

Market Cap

R$8.3b

7D

0.7%

1Y

-1.2%

Updated

21 May, 2022

Data

Company Financials +
GRND3 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends4/6

GRND3 Stock Overview

Grendene S.A. develops, manufactures, distributes, and sells footwear for women, men, and children primarily in Brazil.

Grendene Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Grendene
Historical stock prices
Current Share PriceR$9.22
52 Week HighR$12.61
52 Week LowR$7.52
Beta0.65
1 Month Change-5.92%
3 Month Change10.95%
1 Year Change-1.18%
3 Year Change31.53%
5 Year Change0.95%
Change since IPO137.11%

Recent News & Updates

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

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...

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

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...

Shareholder Returns

GRND3BR LuxuryBR Market
7D0.7%-2.7%1.0%
1Y-1.2%-31.1%-19.4%

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.

Price Volatility

Is GRND3's price volatile compared to industry and market?
GRND3 volatility
GRND3 Average Weekly Movement5.6%
Luxury Industry Average Movement6.3%
Market Average Movement6.4%
10% most volatile stocks in BR Market10.0%
10% least volatile stocks in BR Market3.0%

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

FoundedEmployeesCEOWebsite
197117,000Rudimar Dall'Onderhttps://www.grendene.com.br

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

How do Grendene's earnings and revenue compare to its market cap?
GRND3 fundamental statistics
Market CapR$8.32b
Earnings (TTM)R$597.32m
Revenue (TTM)R$2.34b

13.9x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRND3 income statement (TTM)
RevenueR$2.34b
Cost of RevenueR$1.35b
Gross ProfitR$990.06m
Other ExpensesR$392.74m
EarningsR$597.32m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 04, 2022

Earnings per share (EPS)0.66
Gross Margin42.36%
Net Profit Margin25.56%
Debt/Equity Ratio2.7%

How did GRND3 perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

66%

Payout Ratio

Valuation

Is Grendene undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


45.0%

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).


Future Growth

How is Grendene forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.9%

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


Past Performance

How has Grendene performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-1.6%

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.


Financial Health

How is Grendene's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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.


Balance Sheet


Dividend

What is Grendene current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.75%

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

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Rudimar Dall'Onder (64 yo)

9.17yrs

Tenure

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...


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Grendene S.A.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Grendene S.A.
  • Avenida Pimentel Gomes 214
  • Expectativa
  • Sobral
  • Ceará
  • 62040-125
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.