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Enjoei S.A (ENJU3) Fair Value & Analysis

Consumer Cyclical · BR · Market cap R$162M

ES Enjoei S.A ENJU3 · SA
PriceR$0.7900
Fair ValueR$1.57
Upside+98.7%
Quality54/100
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Mixed Growth
Loss-making · -6.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 14/100
Evidence: Medium Range R$1.43 – R$1.72 Share as image

Fair value as of: Jul 12, 2026

From 11 valuation models · updated 29 days ago

Share price −3.7% over the past month.

A solid business, screening 99% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (R$1.43). The market is more pessimistic than our downside scenario.
  • Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

R$11.11 R$0.5710 Fair Value R$1.57 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range R$0.5710 – R$11.11 · fair‑value band R$1.43 – R$1.72 · the R$0.7900 price screens below the R$1.57 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Enjoei S.A (ENJU3) currently trades at R$0.7900, while our model-based Fair Value estimate is R$1.57, implying the stock looks roughly 98.7% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Cyclical 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, Enjoei S.A generated revenue of R$266M at a net margin of -6.6%. Revenue grew 3.1% year over year. It earns a return on equity of -5.8%. The balance sheet holds a net cash position of R$201M. Fundamentals as of Jul 12, 2026

Our scenario range runs from R$1.43 (bear case) to R$1.72 (bull case); at R$0.7900, 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -49% fair-value upside, at 99%, ENJU3 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 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
Highest evidence
Growth DCF R$2.36 R$3.11 R$4.46 80
Rev-Margin DCF R$2.35 R$3.43 R$5.58 74
EV/EBITDA R$1.47 R$1.62 R$1.77 54
All 11 models by family
DCF Models
FCF DCF R$2.45 R$3.02 R$4.69 38
Owner Earnings R$2.23 R$3.38 R$5.40 31
5Y Revenue Exit R$2.28 R$3.13 R$4.90 39
5Y EBITDA Exit R$1.82 R$2.20 R$2.93 41
10Y Revenue Exit R$2.30 R$3.63 R$4.42 36
10Y EBITDA Exit R$2.05 R$2.78 R$3.89 37
Multiples
EV/EBITDA R$1.47 R$1.62 R$1.77 54
EV/Revenue R$2.11 R$2.57 R$3.03 43
Asset-Based
NCAV (Graham) R$0.7400 R$0.9900 R$1.48 50
Growth DCF
Growth DCF R$2.36 R$3.11 R$4.46 80
Rev-Margin DCF R$2.35 R$3.43 R$5.58 74

Widest divergence: Growth DCF (R$3.11) versus Asset-Based (R$0.9900). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) R$266M
Revenue growth (YoY) +3.1%
Net margin -6.6%
Return on equity -5.8%
Free cash flow R$24.6M FY2025
Operating margin -21.4%
More key figures
EPS (TTM) R$-0.0900
Net cash R$201M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 57 · Market factors (momentum, volatility) 33

Profitability 17
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 77
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

Enjoei S.A. operates a marketplace platform for the purchase and sale of used products in Brazil. The company provides products for girls, boys, and children, including accessories, clothes, beauty products, footwear, toys, hygiene and well-being, and scholarship products.

Full company description

Enjoei S.A. operates a marketplace platform for the purchase and sale of used products in Brazil. The company provides products for girls, boys, and children, including accessories, clothes, beauty products, footwear, toys, hygiene and well-being, and scholarship products. It also offers home and décor, electronics, home appliances, pet products, books and stationery, music and tv, antiques, other products, etc. The company was formerly known as Enjoei.com.br Atividades de Internet S.A. and changed its name to Enjoei S.A. in May 2021. Enjoei S.A. was incorporated in 2012 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

Enjoei S.A reported revenue of R$264M in FY2025 versus R$106M in FY2021, a compound +25.6%/yr. Reported net income was −R$16.8M in FY2025.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
R$264M
Latest YoY
−0.5%
Avg. growth/yr (3Y) 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.
+23.9%
Avg. growth/yr (5Y) 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.
+27.1%
Avg. growth/yr (8Y) 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.
+29.4%
Revenue +25.6%/yr
FY21 R$106M
FY22 R$139M
FY23 R$195M
FY24 R$265M
FY25 R$264M
Net income
FY21 −R$124M
FY22 −R$77.7M
FY23 −R$53.0M
FY24 −R$23.9M
FY25 −R$16.8M

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Cite: Fair Value Calculator (2026). "Enjoei S.A Fair Value". https://www.fairvalue-calculator.com/stock/ENJU3

Peer Group

Internet Retail · 109 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 54 · Above median
Fair Value upside +99% · Top 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) -21% · Bottom 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Internet Retail median · lower = cheaper

P/B 0.10× · Cheaper than 75% of peers
P/S (TTM) 0.12× · Cheaper than 75% of peers
P/FCF 1.3× · 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 34
FUTURE 16 · sector 39
PAST 0 · sector 7
HEALTH 100 · sector 94
DIVIDEND 0 · sector 39

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 Internet Retail stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Amazon.com, Inc AMZN $245.34 $127.67 -48%
Alibaba Group BABA $114.97 $75.75 -34%
PDD Holdings PDD $84.14 $223.51 +166%
MercadoLibre, Inc MELI $1,814 $798.98 -56%
DoorDash, Inc DASH $190.16 $38.64 -80%
Sea Limited SE $106.22 $52.70 -50%
eBay Inc EBAY $117.20 $60.13 -49%
JD.com, Inc JD €25.95 €31.88 +23%
Coupang, Inc CPNG $16.86 $2.79 -83%
Delivery Hero SE DHER €38.18 €12.71 -67%

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Frequently asked questions

Is Enjoei S.A (ENJU3) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of R$1.57 versus a price of R$0.7900, about +99% (undervalued).
What is the fair value of ENJU3?
Our model-based fair value for Enjoei S.A is R$1.57 (as of Jul 12, 2026), built from audited fundamentals. The current price is R$0.7900.
What is the quality score of ENJU3?
Enjoei S.A has a Quality Score of 54/100. 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 Enjoei S.A (ENJU3)?
Enjoei S.A reported trailing-twelve-month revenue of about R$266M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ENJU3?
The net profit margin of Enjoei S.A is about -6.6%, meaning it is currently running at a net loss. 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.

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