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Infracommerce CXaaS S.A (IFCM3) Fair Value & Analysis

Industrials · BR · Market cap R$56.8M (≈ $11.0M)

IC Infracommerce CXaaS S.A IFCM3 · SA
PriceR$1.76
Fair ValueR$4.16
Upside+136.2%
Quality27/100
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Strengths

Trades 58% below our fair value of R$4.16

Risks

!Weak Growth (revenue 5y +24.6 %/yr)
!Loss-making · -53.8% net margin
!High debt · generates free cash flow
!Mixed vs. peers (4/10)
Weak Growth (revenue 5y +24.6 %/yr)
Loss-making · -53.8% net margin
High debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 8/100
Evidence: Medium Range R$0.8313 – R$8.13 Share as image

Fair value as of: Aug 19, 2026

From 9 valuation models · updated 10 days ago

Share price +21.4% over the past month.

Below-average quality, trading 58% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The large discount to fair value meets weak quality (27/100). That raises the risk this is a value trap rather than a bargain.
  • The model range is unusually wide (R$0.8313 to R$8.13). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

R$36,151 R$0.1900 Fair Value R$4.16 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range R$0.1900 – R$36,151 · fair‑value band R$0.8313 – R$8.13 · the R$1.76 price screens below the R$4.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Infracommerce CXaaS S.A (IFCM3) currently trades at R$1.76, while our model-based Fair Value estimate is R$4.16, implying the stock looks roughly 136.2% undervalued today. The Quality Score stands at 27/100 (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: medium), always confirm before acting.

Over the trailing twelve months, Infracommerce CXaaS S.A generated revenue of R$663M at a net margin of -53.8%. Revenue declined 25.4% year over year. Net debt stands at R$381M. Fundamentals as of Aug 19, 2026

Our scenario range runs from R$0.8313 (bear case) to R$8.13 (bull case); at R$1.76, 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. For context, the median of 10 Industrials peers we cover trades at -26% fair-value upside, at 136%, IFCM3 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$0.1900 R$7.08 80
Rev-Margin DCF R$1.19 R$9.53 74
EV/EBITDA R$3.51 R$8.18 R$12.85 54
All 9 models by family
DCF Models
FCF DCF R$8.26 38
5Y Revenue Exit R$0.3500 R$9.52 39
5Y EBITDA Exit R$0.5200 R$10.81 R$29.78 41
10Y Revenue Exit R$1.14 R$6.98 36
10Y EBITDA Exit R$9.14 R$28.41 37
Multiples
EV/EBITDA R$3.51 R$8.18 R$12.85 54
Asset-Based
NCAV (Graham) R$3.54 R$4.74 R$7.08 50
Growth DCF
Growth DCF R$0.1900 R$7.08 80
Rev-Margin DCF R$1.19 R$9.53 74

Widest divergence: Multiples (R$8.18) versus Growth DCF (R$0.1900). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/S ratio 0.09 TTM
EPS (TTM) R$-807.75
Net margin -48.2% FY2025
Return on equity -15,940% TTM
Return on assets (EBIT) -4.6% avg 5y
Operating margin -11.9% TTM
More key figures
Growth
Revenue (TTM) R$663M TTM
Revenue growth (YoY) -25.4% 3y avg -7.3%
Balance sheet & cash flow
Free cash flow R$17.0M FY2025
Net debt R$381M FY2025 · ≈ 22.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 29 · Market factors (momentum, volatility) 15

Profitability 11
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Infracommerce CXaaS S.A. provides digital solutions for various brands and industries in Brazil, Mexico, Colombia, Peru, Chile, Argentina, Uruguay, and Latin America. It offers e-commerce platforms for Business to Consumer and Business to Business, e-commerce operation services.

Full company description

Infracommerce CXaaS S.A. provides digital solutions for various brands and industries in Brazil, Mexico, Colombia, Peru, Chile, Argentina, Uruguay, and Latin America. It offers e-commerce platforms for Business to Consumer and Business to Business, e-commerce operation services. The company operates infra.digital, infra.shop, infra.data, infra.pay, and infra.log. It also provides omnichannel technology used in artificial and data intelligence, payment and credit solutions, and logistics. Infracommerce CXaaS S.A. was founded 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

Infracommerce CXaaS S.A reported revenue of R$710M in FY2025 versus R$423M in FY2021, a compound +13.9%/yr. Reported net income was −R$342M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
R$710M
Latest YoY
−33.4%
Avg. revenue 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.
−7.3%
Avg. revenue 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.
+24.6%
Avg. revenue growth/yr (7Y) 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.
+32.2%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +13.9%/yr
FY21 R$423M
FY22 R$891M
FY23 R$1.1B
FY24 R$1.1B
FY25 R$710M
Net income
FY21 −R$39.1M
FY22 −R$265M
FY23 −R$295M
FY24 −R$1.8B
FY25 −R$342M

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Cite: Fair Value Calculator (2026). "Infracommerce CXaaS S.A Fair Value". https://www.fairvalue-calculator.com/stock/IFCM3

Peer Group

Specialty Business Services · 256 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 27 · Bottom 25%
Fair Value upside +136% · Top 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -54% · Bottom 25%
Operating margin (TTM) -12% · Bottom 25%
Revenue growth -25% · Bottom 25%
Debt / equity 1.88× · Higher than 75% of peers

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.6× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 27
FUTURE0 · sector 27
PAST0 · sector 33
HEALTH6 · sector 92
DIVIDEND0 · sector 46

Insider activity: 30/100

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

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Frequently asked questions

Is Infracommerce CXaaS S.A (IFCM3) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of R$4.16 versus a price of R$1.76, about +136% (undervalued).
What is the fair value of IFCM3?
Our model-based fair value for Infracommerce CXaaS S.A is R$4.16 (as of Aug 19, 2026), built from audited fundamentals. The current price: R$1.76.
What is the quality score of IFCM3?
Infracommerce CXaaS S.A has a Quality Score of 27/100. 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 Infracommerce CXaaS S.A (IFCM3)?
Infracommerce CXaaS S.A reported trailing-twelve-month revenue of about R$663M (latest available figure, as of Aug 19, 2026).
What is the net profit margin of IFCM3?
The net profit margin of Infracommerce CXaaS S.A is about -53.8%, 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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