São Carlos Empreendimentos e Participações S.A (SCAR3) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of São Carlos Empreendimentos e Participações S.A stock BRL 14.62, price BRL 11.32, upside +29.2%, quality 35 out of 100. Rating: undervalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range R$7.53 – R$27.50 · fair‑value band R$12.72 – R$22.74 · the R$11.32 price screens below the R$14.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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São Carlos Empreendimentos e Participações S.A. operates as a real estate investment and management company in Brazil.
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The company is involved in management of own or third-party real estate developments, including shopping malls centers; purchase and sale of ready-made or under-construction residential and commercial properties; leasing of real estate; and operation of rotating parking.
Its portfolio includes office buildings and convenience centers. São Carlos Empreendimentos e Participações S.A. was incorporated in 1989 and is based in São Paulo, Brazil.
Stock analysis
São Carlos Empreendimentos e Participações S.A (SCAR3) currently trades at R$11.32, while our model-based Fair Value estimate is R$14.62, implying the stock looks roughly 23% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R$14.62 per share, and 3 of the 4 models we run sit above the R$11.32 price.
Bear case: the Asset-Based group reads lowest at R$12.43, and 1 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: R$12.72 (bear) to R$22.74 (bull), the price of R$11.32 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 35/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
São Carlos Empreendimentos e Participações S.A reported revenue of R$320M in FY2025 versus R$288M in FY2021, a compound +2.6%/yr. Reported net income was −R$64.4M in FY2025.
Key figures
Market cap R$650M (≈ $118M) Micro · P/S ratio 2.68 · EPS (TTM) R$−1.52 · Net margin −20.1% · Return on equity −10.7% · Return on assets (EBIT) 6.3% (5-year average) · Operating margin 15.1% · Revenue (TTM) R$251M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 29%, SCAR3 screens cheaper than that median.
Fair Value models
BearR$12.72Fair Value R$14.62BullR$22.74
Price R$11.32 · Upside +29.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−37.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.2%
Start year 2020 (pandemic). Over 10 years: −3.9% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
65.0% (2020) → 26.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 472 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+29.2% · Above median
Profitability
Return on assets−2.1% · Bottom 25%
Net margin (12 months)−57.9% · Bottom 25%
Operating margin (12 months)15.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)−32.4% · Bottom 25%
Dividend yield (12 months)60.7% · Top 25%
Balance sheet
Debt / equity0.84× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "São Carlos Empreendimentos e Participações S.A Fair Value". https://www.fairvalue-calculator.com/stock/SCAR3
Frequently asked questions
Is São Carlos Empreendimentos e Participações S.A (SCAR3) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of R$14.62 versus a price of R$11.32, about +29% upside (undervalued).
What is the fair value of SCAR3?
Our model-based fair value for São Carlos Empreendimentos e Participações S.A is R$14.62 (as of Nov 8, 2026), built from audited fundamentals. The current price: R$11.32.
What is the quality score of SCAR3?
São Carlos Empreendimentos e Participações S.A has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for São Carlos Empreendimentos e Participações S.A (SCAR3)?
Our model-based price target is the fair value of R$14.62 (as of Nov 8, 2026) from 4 valuation models. Cautious scenario R$12.72, optimistic scenario R$22.74. It is a calculation from audited fundamentals, not an analyst target.
What is the São Carlos Empreendimentos e Participações S.A stock forecast for 2026?
Our models put fair value at R$14.62, about +29% upside versus a price of R$11.32 (undervalued). Cautious scenario R$12.72, optimistic scenario R$22.74. The calculation is refreshed regularly with new filings.
What is the revenue of São Carlos Empreendimentos e Participações S.A (SCAR3)?
São Carlos Empreendimentos e Participações S.A reported trailing-twelve-month revenue of about R$251M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of São Carlos Empreendimentos e Participações S.A (SCAR3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For São Carlos Empreendimentos e Participações S.A it is R$14.62 per share (as of Nov 8, 2026), against a price of R$11.32. It is the blended result of 4 valuation models in 2 families (Multiples, Asset-Based).
Is São Carlos Empreendimentos e Participações S.A stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SCAR3 trades below its calculated fair value: price R$11.32, fair value R$14.62, a gap of about +29% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SCAR3?
No. The price is what the market pays today (R$11.32); the fair value is what the company's own numbers justify (R$14.62). For São Carlos Empreendimentos e Participações S.A the two are R$3.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is São Carlos Empreendimentos e Participações S.A worth?
The market values São Carlos Empreendimentos e Participações S.A at about R$650M (market capitalisation, as of Nov 8, 2026). Per share that is R$11.32; our models calculate a fair value of R$14.62 per share.
What do the bullish and bearish scenarios say about SCAR3?
Our models span a range for São Carlos Empreendimentos e Participações S.A: cautious scenario R$12.72, base R$14.62, optimistic R$22.74 per share (as of Nov 8, 2026, price R$11.32). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of São Carlos Empreendimentos e Participações S.A (SCAR3)?
Balance-sheet figures for São Carlos Empreendimentos e Participações S.A (as of Nov 8, 2026): return on equity −10.7%, debt of 0.84 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is SCAR3 from its 52-week high?
São Carlos Empreendimentos e Participações S.A trades at R$11.32, about 59% below its 52-week high of R$27.50 and 9% above the low of R$10.42 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of R$14.62 is for.
Which stocks are comparable to São Carlos Empreendimentos e Participações S.A?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is São Carlos Empreendimentos e Participações S.A stock attractive at the current price?
The data as of Nov 8, 2026: price R$11.32, calculated fair value R$14.62 (+29%), Quality Score 35/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SCAR3 calculated?
We run São Carlos Empreendimentos e Participações S.A through 4 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of R$14.62 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. São Carlos Empreendimentos e Participações S.A currently trades 23% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of São Carlos Empreendimentos e Participações S.A (SCAR3)?
The closing price on Nov 6, 2026 was R$11.32. Our model-based fair value is R$14.62, about +29% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with São Carlos Empreendimentos e Participações S.A right now?
The price is below even our cautious bear case (R$12.72). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of São Carlos Empreendimentos e Participações S.A
How large is the market capitalisation of São Carlos Empreendimentos e Participações S.A (SCAR3)?
The market capitalisation of São Carlos Empreendimentos e Participações S.A is R$650M (≈ $118M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of São Carlos Empreendimentos e Participações S.A (SCAR3)?
The price-to-sales ratio of São Carlos Empreendimentos e Participações S.A is 2.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of São Carlos Empreendimentos e Participações S.A (SCAR3)?
Earnings per share at São Carlos Empreendimentos e Participações S.A are R$−1.52. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of São Carlos Empreendimentos e Participações S.A (SCAR3)?
The net margin of São Carlos Empreendimentos e Participações S.A is −20.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of São Carlos Empreendimentos e Participações S.A (SCAR3)?
The return on equity (ROE) of São Carlos Empreendimentos e Participações S.A is −10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of São Carlos Empreendimentos e Participações S.A (SCAR3)?
On an EBIT basis the return on assets of São Carlos Empreendimentos e Participações S.A is 6.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of São Carlos Empreendimentos e Participações S.A (SCAR3)?
The operating margin of São Carlos Empreendimentos e Participações S.A is 15.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at São Carlos Empreendimentos e Participações S.A (SCAR3)?
Revenue at São Carlos Empreendimentos e Participações S.A is growing −32.4% versus a year earlier (3y avg −6.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at São Carlos Empreendimentos e Participações S.A (SCAR3)?
Earnings per share at São Carlos Empreendimentos e Participações S.A are growing +16.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does São Carlos Empreendimentos e Participações S.A (SCAR3) generate?
The free cash flow of São Carlos Empreendimentos e Participações S.A is −R$171M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does São Carlos Empreendimentos e Participações S.A (SCAR3) carry?
The net debt of São Carlos Empreendimentos e Participações S.A is R$1.0B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 8, 2026