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Cury Construtora e Incorporadora S.A (CURY3) Fair Value & Analysis

Real Estate · BR · Market cap R$10.2B

CC Cury Construtora e Incorporadora S.A CURY3 · SA
PriceR$31.36
Fair ValueR$55.80
Upside+77.9%
Quality69/100
Watch Cury Construtora e Incorporadora S.A for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 18.4% net margin
Moderate debt · generates free cash flow
11.27% dividend yield
Ranks above peers (10/14)
Wide moat 83/100
Evidence: Medium Range R$40.38 – R$139.04 Share as image

Fair value as of: Jul 15, 2026

From 16 valuation models · updated 25 days ago

Share price +0.1% over the past month.

A solid business, screening 78% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (R$40.38). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (R$40.38 to R$139.04). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

R$41.67 R$3.98 Fair Value R$55.80 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range R$3.98 – R$41.67 · fair‑value band R$40.38 – R$139.04 · the R$31.36 price screens below the R$55.80 fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Cury Construtora e Incorporadora S.A (CURY3) currently trades at R$31.36, while our model-based Fair Value estimate is R$55.80, implying the stock looks roughly 77.9% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Cury Construtora e Incorporadora S.A generated revenue of R$5.8B at a net margin of 18.4%. Revenue grew 32.6% year over year. It earns a return on equity of 73.7%. Net debt stands at R$119M. Fundamentals as of Jul 15, 2026

Our scenario range runs from R$40.38 (bear case) to R$139.04 (bull case); at R$31.36, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 78%, CURY3 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF R$37.20 R$68.70 R$132.36 80
Residual Income R$16.52 R$19.59 R$108.29 76
Rev-Margin DCF R$43.51 R$88.51 R$173.64 74
All 16 models by family
DCF Models
FCF DCF R$39.52 R$61.85 R$132.95 38
5Y Revenue Exit R$43.07 R$77.50 R$149.85 39
5Y EBITDA Exit R$53.96 R$99.51 R$189.03 41
10Y Revenue Exit R$41.06 R$97.25 R$135.44 36
10Y EBITDA Exit R$50.78 R$120.69 R$245.24 37
Dividend Discount
Gordon GGM R$40.31 R$83.81 R$132.96 70
DDM Multi-Stage R$40.31 R$70.67 R$87.96 61
Multiples
P/S Multiple R$40.38 R$53.84 R$67.30 58
P/B Multiple R$6.73 R$8.97 R$11.21 55
EV/EBIT R$71.91 R$95.68 R$119.45 53
EV/EBITDA R$57.14 R$75.99 R$94.84 54
EV/Revenue R$39.92 R$56.78 R$73.64 43
Asset-Based
NCAV (Graham) R$2.24 R$3.01 R$4.49 50
Growth DCF
Growth DCF R$37.20 R$68.70 R$132.36 80
Rev-Margin DCF R$43.51 R$88.51 R$173.64 74
Economic Profit
Residual Income R$16.52 R$19.59 R$108.29 76

Widest divergence: DCF Models (R$97.25) versus Asset-Based (R$3.01). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) R$5.8B
Revenue growth (YoY) +32.6%
Net margin 18.4%
Return on equity 73.7%
Free cash flow R$713M FY2025
P/E ratio 9.6
More key figures
Operating margin 25.6%
EPS (TTM) R$3.46
Dividend yield 11.3%
EPS growth (YoY) +33.5%
Net debt R$119M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 66 · Market factors (momentum, volatility) 54

Profitability 82
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Cury Construtora e Incorporadora S.A. operates in real estate businesses in Brazil. The company engages in selling real estate units; credit analysis services; residential real estate developments; rental of own properties; and provision of services relating to construction, supervision, studies, and projects, in addition to the execution of any …

Full company description

Cury Construtora e Incorporadora S.A. operates in real estate businesses in Brazil. The company engages in selling real estate units; credit analysis services; residential real estate developments; rental of own properties; and provision of services relating to construction, supervision, studies, and projects, in addition to the execution of any construction works and civil engineering. It also provides construction, management, real estate administration, and electrical and hydraulic installation services. The company was founded in 1963 and is headquartered in São Paulo, Brazil.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cury Construtora e Incorporadora S.A reported revenue of R$5.4B in FY2025 versus R$1.7B in FY2021, a compound +32.8%/yr. Reported net income was R$976M in FY2025, compounding +34.3%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
R$5.4B
Latest YoY
+37.5%
Avg. growth/yr (3Y)
+33.7%
Avg. growth/yr (5Y)
+36.4%
Avg. growth/yr (13Y)
+20.4%
Revenue +32.8%/yr
FY21 R$1.7B
FY22 R$2.3B
FY23 R$2.9B
FY24 R$3.9B
FY25 R$5.4B
Net income +34.3%/yr
FY21 R$300M
FY22 R$330M
FY23 R$482M
FY24 R$650M
FY25 R$976M

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Cite: Fair Value Calculator (2026). "Cury Construtora e Incorporadora S.A Fair Value". https://www.fairvalue-calculator.com/stock/CURY3

Peer Group

Real Estate - Development · 588 stocks

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.

Quality Score 67 · Top 25%
Fair Value upside +78% · Above median
Return on equity (TTM) 74% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 18% · Above median
Operating margin (TTM) 26% · Top 25%
Revenue growth 33% · Above median
Dividend yield (TTM) 11.3% · Top 25%
Debt / equity 0.85× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 9.6× · Cheaper than median
P/B 7.38× · Pricier than 75% of peers
P/S (TTM) 1.76× · Pricier than median
P/FCF 2.8× · Pricier than 75% of peers
EV/EBITDA 6.9× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 48
FUTURE 100 · sector 0
PAST 100 · sector 10
HEALTH 58 · sector 84
DIVIDEND 100 · sector 38

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Cury Construtora e Incorporadora S.A (CURY3) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of R$55.80 versus a price of R$31.36, about +78% (undervalued).
What is the fair value of CURY3?
Our model-based fair value for Cury Construtora e Incorporadora S.A is R$55.80 (as of Jul 15, 2026), built from audited fundamentals. The current price is R$31.36.
What is the quality score of CURY3?
Cury Construtora e Incorporadora S.A has a Quality Score of 69/100. 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 revenue of Cury Construtora e Incorporadora S.A (CURY3)?
Cury Construtora e Incorporadora S.A reported trailing-twelve-month revenue of about R$5.8B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of CURY3?
The net profit margin of Cury Construtora e Incorporadora S.A is about 18.4%, meaning it keeps roughly 18.4% of revenue as net income. Based on the latest reported figures.
Does Cury Construtora e Incorporadora S.A pay a dividend?
Cury Construtora e Incorporadora S.A currently shows a dividend yield of about 13.09% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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