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BRPR

BR PropertiesBOVESPA:BRPR3 Stock Report

Market Cap

R$3.3b

7D

-5.6%

1Y

-34.8%

Updated

01 Dec, 2021

Data

Company Financials +
BRPR3 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health3/6
Dividends4/6

BRPR3 Stock Overview

BR Properties S.A. (“BR Properties” or “Company”) is one of the main commercial real estate investment companies in Brazil.

BR Properties Competitors

São Carlos Empreendimentos e Participações

BOVESPA:SCAR3

R$2.0b

SYN prop e tech

BOVESPA:SYNE3

R$1.9b

Price History & Performance

Summary of all time highs, changes and price drops for BR Properties
Historical stock prices
Current Share PriceR$6.95
52 Week HighR$11.15
52 Week LowR$6.91
Beta0.82
1 Month Change-6.84%
3 Month Change-16.77%
1 Year Change-34.80%
3 Year Change-12.03%
5 Year Change-11.58%
Change since IPO-45.45%

Recent News & Updates

Oct 15
These 4 Measures Indicate That BR Properties (BVMF:BRPR3) Is Using Debt Reasonably Well

These 4 Measures Indicate That BR Properties (BVMF:BRPR3) Is Using Debt Reasonably Well

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

Aug 10
Analysts Have Just Cut Their BR Properties S.A. (BVMF:BRPR3) Revenue Estimates By 17%

Analysts Have Just Cut Their BR Properties S.A. (BVMF:BRPR3) Revenue Estimates By 17%

Market forces rained on the parade of BR Properties S.A. ( BVMF:BRPR3 ) shareholders today, when the analysts...

Aug 08
Earnings Miss: BR Properties S.A. Missed EPS By 19% And Analysts Are Revising Their Forecasts

Earnings Miss: BR Properties S.A. Missed EPS By 19% And Analysts Are Revising Their Forecasts

BR Properties S.A. ( BVMF:BRPR3 ) missed earnings with its latest second-quarter results, disappointing...

Shareholder Returns

BRPR3BR Real EstateBR Market
7D-5.6%-5.3%-3.4%
1Y-34.8%-27.8%-12.8%

Return vs Industry: BRPR3 underperformed the BR Real Estate industry which returned -26.6% over the past year.

Return vs Market: BRPR3 underperformed the BR Market which returned -12.5% over the past year.

Price Volatility

Is BRPR3's price volatile compared to industry and market?
BRPR3 volatility
BRPR3 Average Weekly Movement5.0%
Real Estate Industry Average Movement7.7%
Market Average Movement6.7%
10% most volatile stocks in BR Market10.3%
10% least volatile stocks in BR Market3.2%

Stable Share Price: BRPR3 is less volatile than 75% of BR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BRPR3's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200487Martín Jacohttps://www.brpr.com.br

BR Properties S.A. (“BR Properties” or “Company”) is one of the main commercial real estate investment companies in Brazil. The Company is focused on acquiring, leasing, managing, developing and selling commercial properties, including office space, industrial warehouses and retail locations. BR Properties seeks to acquire strategically located commercial properties that have strong profitability and appreciation potential.

BR Properties Fundamentals Summary

How do BR Properties's earnings and revenue compare to its market cap?
BRPR3 fundamental statistics
Market CapR$3.34b
Earnings (TTM)R$235.14m
Revenue (TTM)R$327.95m

13.7x

P/E Ratio

9.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRPR3 income statement (TTM)
RevenueR$327.95m
Cost of RevenueR$0
Gross ProfitR$327.95m
ExpensesR$92.81m
EarningsR$235.14m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.51
Gross Margin100.00%
Net Profit Margin71.70%
Debt/Equity Ratio41.0%

How did BRPR3 perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

40%

Payout Ratio

Valuation

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

13.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BRPR3 (R$6.95) is trading above our estimate of fair value (R$5.6)

Significantly Below Fair Value: BRPR3 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BRPR3 is good value based on its PE Ratio (13.7x) compared to the BR Real Estate industry average (14.4x).

PE vs Market: BRPR3 is poor value based on its PE Ratio (13.7x) compared to the BR market (10x).


Price to Earnings Growth Ratio

PEG Ratio: BRPR3 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: BRPR3 is good value based on its PB Ratio (0.5x) compared to the BR Real Estate industry average (0.7x).


Future Growth

How is BR Properties forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

33.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRPR3's forecast earnings growth (33.9% per year) is above the savings rate (9.1%).

Earnings vs Market: BRPR3's earnings (33.9% per year) are forecast to grow faster than the BR market (9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BRPR3's revenue (18.7% per year) is forecast to grow faster than the BR market (7.5% per year).

High Growth Revenue: BRPR3's revenue (18.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRPR3's Return on Equity is forecast to be low in 3 years time (4.9%).


Past Performance

How has BR Properties performed over the past 5 years?

38.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRPR3 has a large one-off gain of R$192.2M impacting its September 30 2021 financial results.

Growing Profit Margin: BRPR3's current net profit margins (71.7%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: BRPR3 has become profitable over the past 5 years, growing earnings by 38.2% per year.

Accelerating Growth: BRPR3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BRPR3 had negative earnings growth (-47.4%) over the past year, making it difficult to compare to the Real Estate industry average (9%).


Return on Equity

High ROE: BRPR3's Return on Equity (3.3%) is considered low.


Financial Health

How is BR Properties's financial position?


Financial Position Analysis

Short Term Liabilities: BRPR3's short term assets (R$1.3B) exceed its short term liabilities (R$616.4M).

Long Term Liabilities: BRPR3's short term assets (R$1.3B) do not cover its long term liabilities (R$3.7B).


Debt to Equity History and Analysis

Debt Level: BRPR3's net debt to equity ratio (27%) is considered satisfactory.

Reducing Debt: BRPR3's debt to equity ratio has reduced from 62% to 41% over the past 5 years.

Debt Coverage: BRPR3's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: BRPR3's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

What is BR Properties's current dividend yield, its reliability and sustainability?

2.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRPR3's dividend (2.82%) is higher than the bottom 25% of dividend payers in the BR market (1.27%).

High Dividend: BRPR3's dividend (2.82%) is low compared to the top 25% of dividend payers in the BR market (5.75%).


Stability and Growth of Payments

Stable Dividend: BRPR3's dividend payments have been volatile in the past 10 years.

Growing Dividend: BRPR3's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.1%), BRPR3's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BRPR3's dividends in 3 years are forecast to be well covered by earnings (17% payout ratio).


Next Steps

Management

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


CEO

Martín Jaco

5.67yrs

Tenure

Mr. Martín Andrés Jaco serves as the Chief Executive Officer at BR Properties S.A. and also it's a Member of the Board of Executive Officers. Mr. Jaco serves as an Executive Officer and Director at BRPR 51...


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

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


Key Information

  • Name: BR Properties S.A.
  • Ticker: BRPR3
  • Exchange: BOVESPA
  • Founded: 2004
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: R$3.341b
  • Shares outstanding: 464.05m
  • Website: https://www.brpr.com.br

Number of Employees


Location

  • BR Properties S.A.
  • Avenida das Nações Unidas
  • 12.495 - 18º andar
  • São Paulo
  • São Paulo
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 22:56
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.