EZTEC Empreendimentos e Participações S.A (EZTC3) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of EZTEC Empreendimentos e Participações S.A stock BRL 15.51, price BRL 9.48, upside +63.6%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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EZTEC Empreendimentos e Participações S.A
EZTC3 · SAThe stock costs 39% less than our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range R$7.32 – R$9,187 · fair‑value band R$9.69 – R$20.86 · the R$9.48 price screens below the R$15.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
EZTEC Empreendimentos e Participações S.A. engages in engineering, construction, and real estate development activities in Brazil and internationally. The company develops and sells real estate properties; manages and leases properties; constructs condominiums; and subdivides land.
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It also engages in the provision of services related to construction, supervision, studies, and projects; and execution of civil engineering works and services. EZTEC Empreendimentos e Participações S.A. was founded in 1979 and is headquartered in São Paulo, Brazil.
Stock analysis
EZTEC Empreendimentos e Participações S.A (EZTC3) currently trades at R$9.48, while our model-based Fair Value estimate is R$15.51, implying the stock looks roughly 39% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of R$31.49 per share, and 19 of the 26 models we run sit above the R$9.48 price.
Bear case: the Asset-Based group reads lowest at R$4.63, and 7 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: R$9.69 (bear) to R$20.86 (bull), the price of R$9.48 sits below 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 55/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
EZTEC Empreendimentos e Participações S.A reported revenue of R$1.5B in FY2025 versus R$958M in FY2021, a compound +11.8%/yr. Reported net income was R$535M in FY2025, compounding +5.6%/yr from FY2021.
Key figures
Market cap R$2.7B (≈ $488M) Small · P/E ratio 6.4 · P/S ratio 1.87 · EPS (TTM) R$1.47 · Dividend yield 9.4% · Net margin 37.0% · Return on equity 10.6% · Return on assets (EBIT) 3.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 64%, EZTC3 screens cheaper than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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Compare EZTEC Empreendimentos e Participações S.A with another stock
Price, fair value, quality and upside side by side.
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.Real Estate - Development · 489 stocks
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Net margin by industry
- P/B ratio by industry
- PEG screener for stocks with fair value
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| China Resources Land Limited 1109 | HK$32.02 | HK$80.05 | +150% | vs EZTC3 |
| Vinhomes Joint Stock Company VHM | 62,100 VND | 105,995 VND | +71% | vs EZTC3 |
| China Overseas Land & Investment Limited 0688 | HK$13.18 | HK$22.49 | +71% | vs EZTC3 |
| CK Asset Holdings 1113 | HK$49.12 | HK$72.05 | +47% | vs EZTC3 |
| Sun Hung Kai Properties Limited 0016 | HK$117.70 | HK$156.00 | +33% | vs EZTC3 |
| China Merchants Shekou Industrial Zone Holdings 001979 | ¥7.84 | ¥5.64 | −28% | vs EZTC3 |
| Sino Land Company 0083 | HK$10.48 | HK$6.32 | −40% | vs EZTC3 |
| Lodha Developers Limited LODHA | ₹1,179 | ₹271.92 | −77% | vs EZTC3 |
| DLF Limited DLF | ₹752.90 | ₹167.48 | −78% | vs EZTC3 |
| Hongkong Land Holdings H78 | $8.28 | $1.52 | −82% | vs EZTC3 |
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Key figures of EZTEC Empreendimentos e Participações S.A
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