Tegma Gestão Logística S.A.

BOVESPA:TGMA3 Stock Report

Market Cap: R$2.1b

Tegma Gestão Logística Valuation

Is TGMA3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TGMA3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TGMA3 (R$31.71) is trading above our estimate of fair value (R$18.68)

Significantly Below Fair Value: TGMA3 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TGMA3?

Key metric: As TGMA3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TGMA3. This is calculated by dividing TGMA3's market cap by their current earnings.
What is TGMA3's PE Ratio?
PE Ratio8.9x
EarningsR$235.83m
Market CapR$2.09b

Price to Earnings Ratio vs Peers

How does TGMA3's PE Ratio compare to its peers?

The above table shows the PE ratio for TGMA3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.5x
7.4x27.6%R$1.9b
VAMO3 Vamos Locação de Caminhões Máquinas e Equipamentos
8.1x22.3%R$5.7b
ECOR3 EcoRodovias Infraestrutura e Logística
4x-7.9%R$3.5b
MRSA3B MRS Logística
6.6xn/aR$9.7b
TGMA3 Tegma Gestão Logística
8.9x2.4%R$2.1b

Price-To-Earnings vs Peers: TGMA3 is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (6.5x).


Price to Earnings Ratio vs Industry

How does TGMA3's PE Ratio compare vs other companies in the Global Transportation Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TGMA3 8.9xIndustry Avg. 14.8xNo. of Companies40PE01224364860+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TGMA3 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the Global Transportation industry average (14.8x).


Price to Earnings Ratio vs Fair Ratio

What is TGMA3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TGMA3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio8.4x

Price-To-Earnings vs Fair Ratio: TGMA3 is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TGMA3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR$31.71
R$33.57
+5.9%
23.5%R$42.00R$23.00n/a3
Dec ’25R$30.60
R$32.00
+4.6%
24.3%R$42.00R$23.00n/a3
Nov ’25R$29.36
R$32.00
+9.0%
24.3%R$42.00R$23.00n/a3
Oct ’25R$26.58
R$29.00
+9.1%
14.9%R$33.00R$23.00n/a3
Sep ’25R$26.25
R$29.00
+10.5%
14.9%R$33.00R$23.00n/a3
Aug ’25R$24.27
R$29.00
+19.5%
14.9%R$33.00R$23.00n/a3
Jul ’25R$24.37
R$29.00
+19.0%
14.9%R$33.00R$23.00n/a3
Jun ’25R$24.16
R$29.00
+20.0%
14.9%R$33.00R$23.00n/a3
May ’25R$24.22
R$25.67
+6.0%
20.5%R$33.00R$21.00n/a3
Apr ’25R$27.65
R$29.00
+4.9%
14.9%R$33.00R$23.00n/a3
Mar ’25R$26.67
R$29.00
+8.7%
14.9%R$33.00R$23.00n/a3
Feb ’25R$26.59
R$29.00
+9.1%
14.9%R$33.00R$23.00n/a3
Jan ’25R$28.29
R$27.00
-4.6%
16.0%R$33.00R$23.00n/a3
Dec ’24R$26.88
R$26.20
-2.5%
14.8%R$32.80R$23.00R$30.604
Nov ’24R$24.60
R$26.20
+6.5%
14.8%R$32.80R$23.00R$29.364
Oct ’24R$25.85
R$26.96
+4.3%
14.0%R$32.80R$23.00R$26.585
Sep ’24R$26.50
R$26.96
+1.7%
14.0%R$32.80R$23.00R$26.255
Aug ’24R$22.99
R$26.96
+17.3%
14.0%R$32.80R$23.00R$24.275
Jul ’24R$21.90
R$26.96
+23.1%
14.0%R$32.80R$23.00R$24.375
Jun ’24R$22.69
R$26.96
+18.8%
14.0%R$32.80R$23.00R$24.165
May ’24R$18.84
R$27.10
+43.8%
12.8%R$32.80R$23.00R$24.226
Apr ’24R$18.26
R$27.10
+48.4%
12.8%R$32.80R$23.00R$27.656
Mar ’24R$17.54
R$27.10
+54.5%
12.8%R$32.80R$23.00R$26.676
Feb ’24R$19.00
R$27.10
+42.6%
12.8%R$32.80R$23.00R$26.596
Jan ’24R$19.38
R$26.77
+38.1%
14.3%R$32.80R$22.00R$28.296
Dec ’23R$20.16
R$25.68
+27.4%
19.2%R$32.80R$18.50R$26.886

Analyst Forecast: Target price is less than 20% higher than the current share price.


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