EN DE

Direcional Engenharia S.A (DIRR3) Fair Value & Analysis

Real Estate · BR · Market cap R$6.8B

DE Direcional Engenharia S.A DIRR3 · SA
PriceR$11.58
Fair ValueR$19.91
Upside+71.9%
Quality47/100
Watch Direcional Engenharia S.A for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Solidly profitable · 18.2% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (8/14)
Wide moat 73/100
Evidence: High Range R$13.61 – R$49.14 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from R$19.90 to R$19.91 (+0.1%) since Jun 25, 2026. Share price −7.9% over the past month.

Below-average quality, screening 72% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (R$13.61). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (R$13.61 to R$49.14). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (47/100) 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.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

R$17.04 R$1.74 Fair Value R$19.91 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range R$1.74 – R$17.04 · fair‑value band R$13.61 – R$49.14 · the R$11.58 price screens below the R$19.91 fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Direcional Engenharia S.A (DIRR3) currently trades at R$11.58, while our model-based Fair Value estimate is R$19.91, implying the stock looks roughly 71.9% undervalued today. The Quality Score stands at 47/100 (below-average 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: high), always confirm before acting.

Over the trailing twelve months, Direcional Engenharia S.A generated revenue of R$4.6B at a net margin of 18.2%. Revenue grew 30.2% year over year. It earns a return on equity of 43.0%. Net debt stands at R$1.6B. Fundamentals as of Jul 16, 2026

Our scenario range runs from R$13.61 (bear case) to R$49.14 (bull case); at R$11.58, 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 34% below its 52-week high and 2% 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 72%, DIRR3 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$3.88 R$9.45 R$19.80 80
Residual Income R$8.64 R$10.18 R$38.95 76
Rev-Margin DCF R$4.69 R$12.08 R$23.20 74
All 26 models by family
DCF Models
FCF DCF R$4.21 R$8.40 R$20.28 38
Owner Earnings R$20.54 R$48.53 R$105.12 31
5Y Revenue Exit R$4.69 R$11.13 R$23.78 39
5Y EBITDA Exit R$11.49 R$25.74 R$52.11 41
5Y P/E Exit R$16.86 R$41.66 R$74.24 38
10Y Revenue Exit R$4.24 R$12.00 R$20.99 36
10Y EBITDA Exit R$9.21 R$24.73 R$54.18 37
10Y P/E Exit R$12.92 R$34.79 R$73.94 35
Earnings-Based
Graham-Dodd R$10.32 R$71.98 R$101.02 54
Lynch FV R$21.88 R$31.25 R$40.63 50
PEG = 1.0 R$21.88 R$31.25 R$40.63 46
EPV R$11.87 R$14.14 R$16.09 59
Dividend Discount
Gordon GGM R$24.50 R$48.82 R$73.93 70
DDM Multi-Stage R$24.50 R$42.19 R$51.54 61
Multiples
P/E Multiple R$25.05 R$33.39 R$41.74 63
P/S Multiple R$7.52 R$10.02 R$12.53 58
P/B Multiple R$11.06 R$14.74 R$18.43 55
EV/EBIT R$21.39 R$29.35 R$37.30 53
EV/EBITDA R$14.84 R$20.61 R$26.37 54
EV/Revenue R$4.55 R$7.55 R$10.56 43
Asset-Based
NCAV (Graham) R$1.84 R$2.47 R$3.69 50
Growth DCF
Growth DCF R$3.88 R$9.45 R$19.80 80
Rev-Margin DCF R$4.69 R$12.08 R$23.20 74
Economic Profit
Residual Income R$8.64 R$10.18 R$38.95 76
ROIC Compounder R$15.25 R$22.78 R$33.03 72
Growth Earnings
Growth-Adj P/E R$30.27 R$43.24 R$56.21 68

Widest divergence: Growth Earnings (R$43.24) versus Asset-Based (R$2.47). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) R$4.6B
Revenue growth (YoY) +30.2%
Net margin 18.2%
Return on equity 43.0%
Free cash flow R$231M FY2025
P/E ratio 7.8
More key figures
Operating margin 23.7%
EPS (TTM) R$1.59
EPS growth (YoY) +29.0%
Net debt R$1.6B FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 44 · Market factors (momentum, volatility) 39

Profitability 52
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 52
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

Direcional Engenharia S.A. engages in the development and construction of affordable and mid-range residential real estate projects primarily in Brazil. The company focuses on the development, construction, and sale of housing units for low-income and middle-income families. The company was founded in 1981 and is based in Belo Horizonte, Brazil.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Direcional Engenharia S.A reported revenue of R$4.3B in FY2025 versus R$1.8B in FY2021, a compound +25.0%/yr. Reported net income was R$789M in FY2025, compounding +52.3%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
R$4.3B
Latest YoY
+29.7%
Avg. growth/yr (3Y)
+26.2%
Avg. growth/yr (5Y)
+23.7%
Avg. growth/yr (21Y)
+23.9%
Revenue +25.0%/yr
FY21 R$1.8B
FY22 R$2.2B
FY23 R$2.4B
FY24 R$3.3B
FY25 R$4.3B
Net income +52.3%/yr
FY21 R$147M
FY22 R$190M
FY23 R$332M
FY24 R$638M
FY25 R$789M

Watch DIRR3: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Direcional Engenharia S.A Fair Value". https://www.fairvalue-calculator.com/stock/DIRR3

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 47 · Below median
Fair Value upside +72% · Above median
Return on equity (TTM) 43% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 18% · Above median
Operating margin (TTM) 24% · Top 25%
Revenue growth 30% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.30× · Higher than 75% of peers

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

P/E (TTM) 8.2× · Cheaper than median
P/B 3.52× · Pricier than 75% of peers
P/S (TTM) 1.46× · Pricier than median
P/FCF 5.7× · 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 35 · sector 84
DIVIDEND 0 · 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 16, 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%

Compare Direcional Engenharia S.A with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Direcional Engenharia S.A (DIRR3) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of R$19.91 versus a price of R$11.58, about +72% (undervalued).
What is the fair value of DIRR3?
Our model-based fair value for Direcional Engenharia S.A is R$19.91 (as of Jul 16, 2026), built from audited fundamentals. The current price is R$11.58.
What is the quality score of DIRR3?
Direcional Engenharia S.A has a Quality Score of 47/100. 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 Direcional Engenharia S.A (DIRR3)?
Direcional Engenharia S.A reported trailing-twelve-month revenue of about R$4.6B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of DIRR3?
The net profit margin of Direcional Engenharia S.A is about 18.2%, meaning it keeps roughly 18.2% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Direcional Engenharia S.A and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.