Electro Aço Altona S.A (EALT3) fair value: what the stock is really worth
We calculate from audited financials what Electro Aço Altona S.A is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range R$3.73 – R$19.66 · fair‑value band R$9.22 – R$24.81 · the R$12.49 price screens above the R$12.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Electro Aço Altona S.A., together with its subsidiaries, produces, markets, and supplies steel castings and alloys in Brazil, Latin and North America, Europe, Asia, and Africa.
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Electro Aço Altona S.A., together with its subsidiaries, produces, markets, and supplies steel castings and alloys in Brazil, Latin and North America, Europe, Asia, and Africa. It offers steel solutions, including development, project, and process engineering; modeling; molding, steelworks, channel cut and risers, shot blasting, and finish; chemical and spectrometry laboratory, mechanical tests, non-destructive testing, and dimensional; heat treatment; machining; special paints and pickling; and boilermaking. The company serves rails, agricultural machinery, oil and gas, power generation, defense, structural components, construction and mining, dredging, naval, and industrial equipment sectors. It exports its products. The company was formerly known as Auerbach & Werner and changed its name to Electro Aço Altona S.A. in January 1933. Electro Aço Altona S.A. was founded in 1924 and is headquartered in Blumenau, Brazil.
Stock analysis
Electro Aço Altona S.A (EALT3) currently trades at R$12.49, while our model-based Fair Value estimate is R$12.45, implying the stock looks roughly 0.4% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of R$68.41 per share, and 21 of the 24 models we run sit above the R$12.49 price.
Bear case: the Economic Profit group reads lowest at R$7.13, and 3 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: R$9.22 (bear) to R$24.81 (bull), the price of R$12.49 sits inside 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 50/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Electro Aço Altona S.A reported revenue of R$556M in FY2025 versus R$387M in FY2021, a compound +9.5%/yr. Reported net income was R$91.0M in FY2025, compounding +25.8%/yr from FY2021.
Key figures
Market cap R$281M (≈ $54.8M) · P/E ratio 6.1 · P/S ratio 1.00 · EPS (TTM) R$2.07 · Net margin 16.4% · Return on equity 16.7% · Return on assets (EBIT) 9.7% · Operating margin 9.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −37% fair-value upside, at 0%, EALT3 screens cheaper than that median.
Fair Value models
Bear R$9.22Fair Value R$12.45Bull R$24.81
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (R$1.45 per share) are deliberately not added.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.Evidence ⓘEvidence = 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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.5%
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.
+4.2%
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.
+17.2%
Revenue growth 18 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.
+5.9%
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What shareholders gained per year (last 5 years), in BRL (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in BRL: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+29.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+29.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.29% vs 39%, slowing
Profit margin 2020 to 2025 ⓘ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.12% → 5%
2025 sits 85% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.6%
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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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.Metal Fabrication · 260 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Above median
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets3% · Above median
Net margin (TTM)11% · Top 25%
Operating margin (TTM)10% · Above median
Growth and dividend
Revenue growth−9% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
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Is Electro Aço Altona S.A (EALT3) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of R$12.45 versus a price of R$12.49, about −0% upside (fairly valued).
What is the fair value of EALT3?
Our model-based fair value for Electro Aço Altona S.A is R$12.45 (as of Sep 13, 2026), built from audited fundamentals. The current price: R$12.49.
What is the quality score of EALT3?
Electro Aço Altona S.A has a Quality Score of 50/100. 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 Electro Aço Altona S.A (EALT3)?
Our model-based price target is the fair value of R$12.45 (as of Sep 13, 2026) from 24 valuation models. Cautious scenario R$9.22, optimistic scenario R$24.81. It is a calculation from audited fundamentals, not an analyst target.
What is the Electro Aço Altona S.A stock forecast for 2026?
Our models put fair value at R$12.45, about −0% upside versus a price of R$12.49 (fairly valued). Cautious scenario R$9.22, optimistic scenario R$24.81. The calculation is refreshed regularly with new filings.
What is the revenue of Electro Aço Altona S.A (EALT3)?
Electro Aço Altona S.A reported trailing-twelve-month revenue of about R$543M (latest available figure, as of Sep 13, 2026).
What growth is priced into Electro Aço Altona S.A (EALT3)?
For today's price to be fair in a discounted-cash-flow model, Electro Aço Altona S.A would have to grow free cash flow by +5.6 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.2 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of EALT3 use?
Our models discount Electro Aço Altona S.A at 14.2 %: a base by market capitalisation (micro), damped by beta 0.19, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Electro Aço Altona S.A that is +5.6 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has Electro Aço Altona S.A (EALT3) delivered so far?
Over the past 5 years revenue at Electro Aço Altona S.A grew +17.2 % a year. The price currently implies +5.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Electro Aço Altona S.A (EALT3) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Electro Aço Altona S.A (+5.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Electro Aço Altona S.A (EALT3)?
The free-cash-flow yield on the price is 12.78 %: that much free cash flow Electro Aço Altona S.A produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Electro Aço Altona S.A (EALT3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Electro Aço Altona S.A it is R$12.45 per share (as of Sep 13, 2026), against a price of R$12.49. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Electro Aço Altona S.A stock overvalued or undervalued in 2026?
As of Sep 13, 2026, EALT3 trades above its calculated fair value: price R$12.49, fair value R$12.45, a gap of about −0% (fairly valued). 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 EALT3?
No. The price is what the market pays today (R$12.49); the fair value is what the company's own numbers justify (R$12.45). For Electro Aço Altona S.A the two are R$0.0440 per share apart. That gap is exactly why we show both numbers side by side.
How much is Electro Aço Altona S.A worth?
The market values Electro Aço Altona S.A at about R$281M (market capitalisation, as of Sep 13, 2026). Per share that is R$12.49; our models calculate a fair value of R$12.45 per share.
What do the bullish and bearish scenarios say about EALT3?
Our models span a range for Electro Aço Altona S.A: cautious scenario R$9.22, base R$12.45, optimistic R$24.81 per share (as of Sep 13, 2026, price R$12.49). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EALT3?
Electro Aço Altona S.A trades at a price-to-earnings ratio of 6.1 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$12.45 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.5, EV/EBITDA 6.4.
How solid is the balance sheet of Electro Aço Altona S.A (EALT3)?
Balance-sheet figures for Electro Aço Altona S.A (as of Sep 13, 2026): return on equity 16.7%, debt of 0.18 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is EALT3 from its 52-week high?
Electro Aço Altona S.A trades at R$12.49, about 19% below its 52-week high of R$15.33 and 7% above the low of R$11.69 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of R$12.45 is for.
Which stocks are comparable to Electro Aço Altona S.A?
From the same area (Industrials) we also value Carpenter Technology Corporation, ATI Inc, Mueller Industries, Inc, Aurubis AG, 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 Electro Aço Altona S.A stock attractive at the current price?
The data as of Sep 13, 2026: price R$12.49, calculated fair value R$12.45 (−0%), Quality Score 50/100, from 24 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 EALT3 calculated?
We run Electro Aço Altona S.A through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$12.45, 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 15.8 % above its aggregate fair value. Electro Aço Altona S.A itself currently trades above fair value. 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 should I pay attention to with Electro Aço Altona S.A right now?
The model range is unusually wide (R$9.22 to R$24.81). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Electro Aço Altona S.A
How large is the market capitalisation of Electro Aço Altona S.A (EALT3)?
The market capitalisation of Electro Aço Altona S.A is R$281M (≈ $54.8M). 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 Electro Aço Altona S.A (EALT3)?
The price-to-sales ratio of Electro Aço Altona S.A is 1.00 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Electro Aço Altona S.A (EALT3)?
Earnings per share at Electro Aço Altona S.A are R$2.07 (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Electro Aço Altona S.A (EALT3)?
The net margin of Electro Aço Altona S.A is 16.4% (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 Electro Aço Altona S.A (EALT3)?
The return on equity (ROE) of Electro Aço Altona S.A is 16.7% (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 Electro Aço Altona S.A (EALT3)?
On an EBIT basis the return on assets of Electro Aço Altona S.A is 9.7% (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 Electro Aço Altona S.A (EALT3)?
The operating margin of Electro Aço Altona S.A is 9.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Electro Aço Altona S.A (EALT3)?
Revenue at Electro Aço Altona S.A is growing −8.7% versus a year earlier (3y avg +4.2%). 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 Electro Aço Altona S.A (EALT3)?
Earnings per share at Electro Aço Altona S.A are growing −78.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Electro Aço Altona S.A (EALT3) carry?
The net debt of Electro Aço Altona S.A is R$77.2M (fiscal year 2025, ≈ 2.1 yrs of FCF). 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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