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Grendene S.A.BOVESPA:GRND3 Stock Report

Market Cap R$3.5b
Share Price
R$4.04
R$2.19
84.4% overvalued intrinsic discount
1Y-26.4%
7D-1.3%
Portfolio Value
View

Grendene S.A.

BOVESPA:GRND3 Stock Report

Market Cap: R$3.5b

Grendene (GRND3) Stock Overview

Engages in the development, production, distribution, sale, and market of plastic footwear in Brazil, North America, Asia, Oceania, Europe, Central and South America, the Middle East, and Africa. More details

GRND3 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

GRND3 Community Fair Values

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Grendene S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Grendene
Historical stock prices
Current Share PriceR$3.90
52 Week HighR$5.68
52 Week LowR$3.90
Beta0.29
1 Month Change-18.75%
3 Month Change-19.42%
1 Year Change-26.42%
3 Year Change-44.29%
5 Year Change-57.97%
Change since IPO0.29%

Recent News & Updates

Analysis Article Jan 26

Grendene (BVMF:GRND3) Could Be At Risk Of Shrinking As A Company

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...

Recent updates

Analysis Article Jan 26

Grendene (BVMF:GRND3) Could Be At Risk Of Shrinking As A Company

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysis Article May 20

Grendene's (BVMF:GRND3) Earnings Are Of Questionable Quality

Last week's profit announcement from Grendene S.A. ( BVMF:GRND3 ) was underwhelming for investors, despite headline...
Analysis Article Jan 08

Grendene S.A.'s (BVMF:GRND3) Business Is Trailing The Market But Its Shares Aren't

With a median price-to-earnings (or "P/E") ratio of close to 8x in Brazil, you could be forgiven for feeling...
Analysis Article Nov 18

Impressive Earnings May Not Tell The Whole Story For Grendene (BVMF:GRND3)

Despite posting some strong earnings, the market for Grendene S.A.'s ( BVMF:GRND3 ) stock hasn't moved much. Our...
Analysis Article Aug 15

Grendene (BVMF:GRND3) Will Pay A Dividend Of R$0.0147

Grendene S.A. ( BVMF:GRND3 ) has announced that it will pay a dividend of R$0.0147 per share on the 4th of September...
Analysis Article Apr 04

Grendene (BVMF:GRND3) Is Finding It Tricky To Allocate Its Capital

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...
Analysis Article Nov 04

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

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Analysis Article Sep 08

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

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article May 21

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

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Analysis Article Apr 12

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

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jan 17

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

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Analysis Article Dec 28

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

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Oct 18

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

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Sep 09

Is Grendene (BVMF:GRND3) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Aug 09

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

The board of Grendene S.A. ( BVMF:GRND3 ) has announced that it will pay a dividend on the 31st of August, with...
Analysis Article Jul 05

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

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article Jun 17

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

The board of Grendene S.A. ( BVMF:GRND3 ) has announced that it will pay a dividend on the 28th of December, with...
Analysis Article May 05

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...
Analysis Article Apr 13

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...
Analysis Article Feb 22

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

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Analysis Article Jan 18

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

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Jan 02

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

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Oct 12

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

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
Analysis Article Sep 24

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

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jul 01

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

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Jun 13

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

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 26

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

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article Mar 11

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

Despite Grendene S.A.'s ( BVMF:GRND3 ) recent earnings report having lackluster headline numbers, the market responded...
Analysis Article Mar 09

Is Grendene (BVMF:GRND3) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Feb 19

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

Is Grendene S.A. ( BVMF:GRND3 ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings...
Analysis Article Feb 04

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

It is hard to get excited after looking at Grendene's (BVMF:GRND3) recent performance, when its stock has declined 7.0...

Shareholder Returns

GRND3BR LuxuryBR Market
7D-1.3%0.1%-1.6%
1Y-26.4%-17.7%12.7%

Return vs Industry: GRND3 underperformed the BR Luxury industry which returned -19.3% over the past year.

Return vs Market: GRND3 underperformed the BR Market which returned 12.6% 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 Movement5.9%
Market Average Movement5.0%
10% most volatile stocks in BR Market8.2%
10% least volatile stocks in BR Market1.9%

Stable Share Price: GRND3 has not had significant price volatility in the past 3 months compared to the BR market.

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

About the Company

FoundedEmployeesCEOWebsite
197116,378Rudimar Dall'Onderwww.grendene.com.br

Grendene S.A., together with its subsidiaries, engages in the development, production, distribution, sale, and market of plastic footwear in Brazil, North America, Asia, Oceania, Europe, Central and South America, the Middle East, and Africa. The company sells its products through its stores, franchised stores, and e-commerce channel, as well as commercial representatives, distributors, and direct exports under the Melissa, Rider, Ipanema, Zaxy, Cartago, Grendha, Pega Forte, and Grendene Kids 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$3.52b
Earnings (TTM)R$633.58m
Revenue (TTM)R$2.55b
5.6x
P/E Ratio
1.4x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GRND3 income statement (TTM)
RevenueR$2.55b
Cost of RevenueR$1.42b
Gross ProfitR$1.14b
Other ExpensesR$502.05m
EarningsR$633.58m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 06, 2026

Earnings per share (EPS)0.70
Gross Margin44.46%
Net Profit Margin24.80%
Debt/Equity Ratio4.7%

How did GRND3 perform over the long term?

See historical performance and comparison

Dividends

11.6%
Current Dividend Yield
63%
Payout Ratio

Does GRND3 pay a reliable dividends?

See GRND3 dividend history and benchmarks
When do you need to buy GRND3 by to receive an upcoming dividend?
Grendene dividend dates
Ex Dividend DateDec 29 2025
Dividend Pay DateSep 09 2026
Days until Ex dividend143 days
Days until Dividend pay date111 days

Does GRND3 pay a reliable dividends?

See GRND3 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 20:15
End of Day Share Price 2026/05/19 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Grendene S.A. is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maria Paula CantusioBB Banco de Investimento S.A.
Felipe Cassimiro de FreitasBradesco S.A. Corretora de Títulos e Valores Mobiliários
Guilherme ArrudaBTG Pactual