Helbor Empreendimentos S.A (HBOR3) Fair Value & Analysis
Real Estate · BR · Market cap R$268M
Fair value as of: Jul 14, 2026
From 12 valuation models · updated 27 days ago
Fair value updated Jul 14, 2026, revised from R$1.49 to R$1.48 (−0.7%) since Jun 26, 2026. Share price +6.7% over the past month.
Below-average quality, and screening another 23% overvalued on our models.
What matters now
- Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The model range is unusually wide (R$1.08 to R$4.46). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range R$1.24 – R$8.32 · fair‑value band R$1.08 – R$4.46 · the R$1.92 price screens above the R$1.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Helbor Empreendimentos S.A (HBOR3) currently trades at R$1.92, while our model-based Fair Value estimate is R$1.48, implying the stock looks roughly 22.9% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Helbor Empreendimentos S.A generated revenue of R$1.2B at a net margin of 0.5%. Revenue grew 15.8% year over year. It earns a return on equity of 2.9%. Net debt stands at R$1.8B. Fundamentals as of Jul 14, 2026
Our scenario range runs from R$1.08 (bear case) to R$4.46 (bull case); at R$1.92, the current price sits within 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 55% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -23%, HBOR3 screens richer 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.
All 12 models by family
Widest divergence: Asset-Based (R$7.30) versus Dividend Discount (R$1.35). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 14
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
Helbor Empreendimentos S.A. engages in the real estate development business in Brazil. Its portfolio includes apartments, condominium houses, commercial buildings, urbanized lots, and hotel units, as well as provides project management services. The company was formerly known as Helbor Empreendimentos Imobiliarios Ltda.
Full company description
Helbor Empreendimentos S.A. engages in the real estate development business in Brazil. Its portfolio includes apartments, condominium houses, commercial buildings, urbanized lots, and hotel units, as well as provides project management services. The company was formerly known as Helbor Empreendimentos Imobiliarios Ltda. The company was founded in 1977 and is headquartered in Mogi das Cruzes, Brazil.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Helbor Empreendimentos S.A reported revenue of R$1.1B in FY2025 versus R$948M in FY2021, a compound +4.5%/yr. Reported net income was R$11.3M in FY2025, compounding −42.2%/yr from FY2021.
of which total revenue −2.6 pp · buybacks/dilution −8.7 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
HBOR3 screens 23% overvalued. Compare with Vingroup Joint Stock Company →
Peer Group
Real Estate Services · 520 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.
Valuation Multiples vs Real Estate Services median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Vingroup Joint Stock Company VIC | 223,000 VND | 25,731 VND | -88% |
| KE Holdings 2423 | HK$44.76 | HK$18.03 | -60% |
| Swire Properties Limited 1972 | HK$23.90 | HK$18.75 | -22% |
| Plaza S.A MALLPLAZA | 3,725 CLP | 5,571 CLP | +50% |
| SAGAA SAGAA | kr 170.00 | kr 75.55 | -56% |
| Cencosud Shopping S.A CENCOMALLS | 2,324 CLP | 2,976 CLP | +28% |
| PT Sarana Menara Nusantara Tbk. owns and TOWR | 372.00 IDR | 1,208 IDR | +225% |
| PT Metropolitan Kentjana Tbk MKPI | 20,975 IDR | 19,160 IDR | -9% |
| PT Bangun Kosambi Sukses Tbk, CBDK | 3,530 IDR | 3,464 IDR | -2% |
| IRSA Inversiones y Representaciones Sociedad Anónima, IRSA | 2,495 ARS | 3,998 ARS | +60% |
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Frequently asked questions
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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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