Hidrovias do Brasil S.A (HBSA3) Fair Value & Analysis
Industrials · BR · Market cap R$4.7B
Fair value as of: Jul 15, 2026
From 15 valuation models · updated 25 days ago
Share price −11.8% over the past month.
Below-average quality, screening 57% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
- A fairly wide model range (R$2.94 to R$6.41) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range R$1.73 – R$6.91 · fair‑value band R$2.94 – R$6.41 · the R$3.05 price screens below the R$4.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.
Analysis
Hidrovias do Brasil S.A (HBSA3) currently trades at R$3.05, while our model-based Fair Value estimate is R$4.79, implying the stock looks roughly 57.2% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials 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, Hidrovias do Brasil S.A generated revenue of R$2.2B at a net margin of -7.9%. Revenue declined 7.6% year over year. It earns a return on equity of 1.0%. Net debt stands at R$2.6B. Fundamentals as of Jul 15, 2026
Our scenario range runs from R$2.94 (bear case) to R$6.41 (bull case); at R$3.05, 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 31% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 57%, HBSA3 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.
All 15 models by family
Widest divergence: Multiples (R$5.87) versus Dividend Discount (R$0.0200). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 37
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
Hidrovias do Brasil S.A., together with its subsidiaries, provides integrated logistics solutions for waterways in Brazil and internationally.
Full company description
Hidrovias do Brasil S.A., together with its subsidiaries, provides integrated logistics solutions for waterways in Brazil and internationally. The company is involved in transportation of goods; construction and operation of ports, cargo terminals, shipyards, workshops, and warehouses; river and sea navigation, coastal navigation, and storage of goods; and provision of logistics services and other related activities. It also offers maritime transportation, port terminals, and warehousing services. In addition, the company provides cargo storage and lifting, river transport, handling and storage, specialized cargo terminal, leases navigation, and shipping assets, as well as offers financial transactions agency. It operates four port terminals with 16.7 million tons total loading capacity; and current waterway fleet, which has 484 cargo barges, 24 main tugboats, 7 auxiliary tugboats. Hidrovias do Brasil S.A. was incorporated in 2010 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
Hidrovias do Brasil S.A reported revenue of R$2.2B in FY2025 versus R$1.1B in FY2021, a compound +19.1%/yr. Reported net income was −R$141M in FY2025.
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Peer Group
Integrated Freight & Logistics · 219 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 Integrated Freight & Logistics 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 Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| United Parcel Service, Inc UPS | $117.72 | $104.58 | -11% |
| FedEx Corporation FDX | $314.69 | $347.68 | +10% |
| Deutsche Post AG DHL | €57.22 | €53.18 | -7% |
| DSV A/S DSV | kr 1,660 | kr 712.57 | -57% |
| Kuehne + Nagel International AG KNIN | CHF 209.90 | CHF 147.92 | -30% |
| J.B. Hunt Transport Services, Inc JBHT | $291.41 | $133.80 | -54% |
| S.F. Holding 002352 | ¥31.91 | ¥48.64 | +52% |
| C.H. Robinson Worldwide, Inc CHRW | $193.50 | $86.56 | -55% |
| Expeditors International of Washington, Inc EXPD | $172.02 | $115.95 | -33% |
| ZTO Express (Cayman) Inc 2057 | HK$181.40 | HK$241.93 | +33% |
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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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