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MPM Corpóreos S.A (ESPA3) Fair Value & Analysis

Consumer Cyclical · BR · Market cap R$282M

MC MPM Corpóreos S.A ESPA3 · SA
PriceR$7.00
Fair ValueR$14.23
Upside+103.3%
Quality47/100
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Mixed Growth
Thin margins · 1.5% net margin
Moderate debt · generates free cash flow
3.42% dividend yield
Mixed vs. peers (7/14)
Narrow moat 40/100
Evidence: High Range R$7.22 – R$14.23 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$1.42 to R$14.23 (+902.1%) since Jul 15, 2026. Share price −5.5% over the past month.

Below-average quality, screening 103% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (R$7.22). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (R$7.22 to R$14.23) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

R$19.74 R$0.6429 Fair Value R$14.23 May 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$0.6429 – R$19.74 · fair‑value band R$7.22 – R$14.23 · the R$7.00 price screens below the R$14.23 fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

MPM Corpóreos S.A (ESPA3) currently trades at R$7.00, while our model-based Fair Value estimate is R$14.23, implying the stock looks roughly 103.3% undervalued today. The Quality Score stands at 47/100 (below-average 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: high), always confirm before acting.

Over the trailing twelve months, MPM Corpóreos S.A generated revenue of R$1.1B at a net margin of 1.1%. Revenue grew 3.1% year over year. It earns a return on equity of 1.2%. Net debt stands at R$608M. Fundamentals as of Jul 16, 2026

Our scenario range runs from R$7.22 (bear case) to R$14.23 (bull case); at R$7.00, 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. For context, the median of 10 Consumer Cyclical peers we cover trades at -16% fair-value upside, at 103%, ESPA3 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$3.54 R$13.10 R$26.03 80
Residual Income R$14.94 R$13.30 R$8.82 76
Rev-Margin DCF R$8.03 R$25.01 R$47.23 74
All 26 models by family
DCF Models
FCF DCF R$3.93 R$15.16 R$31.60 38
Owner Earnings R$4.46 R$16.01 R$32.93 31
5Y Revenue Exit R$8.03 R$25.55 R$49.60 39
5Y EBITDA Exit R$30.00 R$71.36 R$124.39 41
5Y P/E Exit R$2.68 R$8.87 38
10Y Revenue Exit R$5.29 R$19.82 R$42.43 36
10Y EBITDA Exit R$18.48 R$48.70 R$96.51 37
10Y P/E Exit R$5.41 R$12.99 35
Earnings-Based
Graham-Dodd R$2.98 R$14.44 R$19.89 54
Lynch FV R$3.87 R$5.52 R$7.18 50
PEG = 1.0 R$3.87 R$5.52 R$7.18 46
EPV R$14.89 R$18.37 R$21.19 59
Dividend Discount
Gordon GGM R$0.1200 R$0.1900 R$0.2500 70
DDM Multi-Stage R$0.1200 R$0.1800 R$0.2100 61
Multiples
P/E Multiple R$7.22 R$9.63 R$12.03 63
P/S Multiple R$5.58 R$7.44 R$9.30 58
P/B Multiple R$5.58 R$7.44 R$9.30 55
EV/EBIT R$49.27 R$70.40 R$91.53 53
EV/EBITDA R$53.88 R$76.55 R$99.22 54
EV/Revenue R$11.51 R$22.49 R$33.48 43
Asset-Based
NCAV (Graham) R$11.98 R$16.06 R$23.97 50
Growth DCF
Growth DCF R$3.54 R$13.10 R$26.03 80
Rev-Margin DCF R$8.03 R$25.01 R$47.23 74
Economic Profit
Residual Income R$14.94 R$13.30 R$8.82 76
ROIC Compounder R$14.89 R$18.37 R$21.19 72
Growth Earnings
Growth-Adj P/E R$6.16 R$8.80 R$11.44 68

Widest divergence: Asset-Based (R$16.06) versus Dividend Discount (R$0.1800). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) R$1.1B
Revenue growth (YoY) +3.1%
Net margin 1.5%
Return on equity 1.5%
Free cash flow R$68.3M FY2025
P/E ratio 18.3
More key figures
Operating margin 19.0%
EPS (TTM) R$0.4300
Dividend yield 3.4%
EPS growth (YoY) +1.8%
Net debt R$608M 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) 75

Profitability 24
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 34
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

MPM Corpóreos S.A., together with its subsidiaries, provides laser hair removal services in Brazil, Chile, Argentina, Colombia, and Paraguay. It operates through Laser; International Operations; and Franchising (Royalties) segments.

Full company description

MPM Corpóreos S.A., together with its subsidiaries, provides laser hair removal services in Brazil, Chile, Argentina, Colombia, and Paraguay. It operates through Laser; International Operations; and Franchising (Royalties) segments. The company offers physiotherapy services in the areas of laser hair removal, and facial and body aesthetics under the Espaçolaser, Cela, and Definite brands. It also franchises its stores. The company was founded in 2004 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

MPM Corpóreos S.A reported revenue of R$1.1B in FY2025 versus R$714M in FY2021, a compound +11.2%/yr. Reported net income was R$15.7M in FY2025, compounding −45.5%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
R$1.1B
Latest YoY
+6.1%
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.
+6.4%
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.
+15.9%
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.
+24.1%
Revenue +11.2%/yr
FY21 R$714M
FY22 R$907M
FY23 R$1.0B
FY24 R$1.0B
FY25 R$1.1B
Net income −45.5%/yr
FY21 R$177M
FY22 −R$50.2M
FY23 −R$23.1M
FY24 R$2.5M
FY25 R$15.7M

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Cite: Fair Value Calculator (2026). "MPM Corpóreos S.A Fair Value". https://www.fairvalue-calculator.com/stock/ESPA3

Peer Group

Personal Services · 42 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 +103% · Top 25%
Return on equity (TTM) 1% · Below median
Return on assets 5% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 19% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 3.4% · Below median
Debt / equity 0.76× · Higher than 75% of peers

Valuation Multiples vs Personal Services median · lower = cheaper

P/E (TTM) 18.3× · Pricier than median
P/B 0.33× · Cheaper than 75% of peers
P/S (TTM) 0.26× · Cheaper than 75% of peers
P/FCF 0.8× · Cheaper than 75% of peers
EV/EBITDA 3.4× · Cheaper than 75% of peers

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 13
FUTURE 16 · sector 23
PAST 6 · sector 28
HEALTH 62 · sector 94
DIVIDEND 68 · sector 74

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 Personal Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Rollins, Inc ROL $44.47 $21.11 -53%
Service Corporation SCI $78.72 $39.27 -50%
Frontdoor, Inc FTDR $75.69 $75.55 -0%
H&R Block, Inc HRB $41.14 $78.83 +92%
Bright Horizons Family Solutions Inc BFAM $73.99 $62.41 -16%
Fu Shou Yuan International Group 1448 HK$2.64 HK$4.20 +59%
Lungyen Life Service Corporation 5530 48.60 TWD 31.33 TWD -36%
Carriage Services, Inc CSV $38.29 $26.63 -30%
Musti Group MUSTI €14.35 €14.08 -2%
Uniao Pet Participacoes S.A AUAU3 R$3.08 R$1.37 -56%

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Frequently asked questions

Is MPM Corpóreos S.A (ESPA3) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of R$14.23 versus a price of R$7.00, about +103% (undervalued).
What is the fair value of ESPA3?
Our model-based fair value for MPM Corpóreos S.A is R$14.23 (as of Jul 16, 2026), built from audited fundamentals. The current price is R$7.00.
What is the quality score of ESPA3?
MPM Corpóreos 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 MPM Corpóreos S.A (ESPA3)?
MPM Corpóreos S.A reported trailing-twelve-month revenue of about R$1.1B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of ESPA3?
The net profit margin of MPM Corpóreos S.A is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does MPM Corpóreos S.A pay a dividend?
MPM Corpóreos S.A currently shows a dividend yield of about 0.26% relative to its recent price (as of Jul 16, 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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