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Jalles Machado S/A (JALL3) Fair Value & Analysis

Consumer Defensive · BR · Market cap R$609M (≈ $119M) · ISIN BRJALLACNOR0

What is Jalles Machado S/A really worth?

JM Jalles Machado S/A JALL3 · SA
PriceR$2.65
Fair ValueR$0.6700
Upside−74.7%
Quality38/100

Below-average quality, and trading another 296% above our fair value of R$0.6700.

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Risks

!Expensive Growth (revenue 5y +14.6 %/yr)
!Thin margins · 0.4% net margin
!High debt · generates free cash flow
!Trails peers (4/14)
!Narrow moat 17/100
!Evidence only low, so the estimate is less certain
!Weak on past: 2 out of 100
!Weak on balance sheet: 17 out of 100
Evidence: Low Range R$0.5000 – R$0.8700

Fair value as of: Aug 13, 2026

From 21 valuation models · updated 21 days ago

Share price +32.5% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (R$0.8700). The favourable scenario is already priced in.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

R$10.40 R$1.95 Fair Value R$0.6700 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range R$1.95 – R$10.40 · fair‑value band R$0.5000 – R$0.8700 · the R$2.65 price screens above the R$0.6700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Jalles Machado S/A (JALL3) currently trades at R$2.65, while our model-based Fair Value estimate is R$0.6700, implying the stock looks roughly 295.6% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of R$6.04 per share, and 8 of the 21 models we run sit above the R$2.65 price. Bear case: the Growth DCF group reads lowest at R$0.2100, and 13 of the 21 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Jalles Machado S/A generated revenue of R$2.3B at a net margin of 2.0%. Revenue declined 30.4% year over year. It earns a return on equity of 2.3%. Net debt stands at R$3.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from R$0.5000 (bear case) to R$0.8700 (bull case); at R$2.65, the current price sits above 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 37% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −43% fair-value upside, at −75%, JALL3 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly R$0.0203 per share, which is 3.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Residual Income best evidence R$4.24 R$3.88 R$2.45 76
Owner Earnings R$11.97 R$25.42 R$47.38 72
FCF DCF R$1.20 R$6.04 R$14.27 71
All 21 models by family
DCF Models
FCF DCF R$1.20 R$6.04 R$14.27 71
Owner Earnings R$11.97 R$25.42 R$47.38 72
5Y Revenue Exit R$0.1900 R$2.60 69
5Y EBITDA Exit R$19.57 R$45.99 R$80.96 71
10Y Revenue Exit R$1.39 R$4.49 64
10Y EBITDA Exit R$12.46 R$32.87 R$67.13 63
10Y P/E Exit R$0.0800 R$1.71 61
Earnings-Based
Graham-Dodd R$0.2100 R$1.16 R$1.60 63
Lynch FV R$0.3200 R$0.4600 R$0.5900 61
PEG = 1.0 R$0.3200 R$0.4600 R$0.5900 57
Dividend Discount
Gordon GGM R$0.5300 R$0.9500 R$1.30 68
DDM Multi-Stage R$0.5300 R$0.8700 R$1.01 67
Multiples
P/E Multiple R$0.5000 R$0.6600 R$0.8300 63
P/S Multiple R$0.4000 R$0.5400 R$0.6700 58
P/B Multiple R$0.4000 R$0.5400 R$0.6700 55
EV/EBITDA R$32.57 R$45.13 R$57.69 67
Asset-Based
NCAV (Graham) R$3.33 R$4.47 R$6.67 54
Growth DCF
Growth DCF R$1.03 R$5.22 R$11.54 70
Rev-Margin DCF R$0.2100 R$2.76 69
Economic Profit
Residual Income best evidence R$4.24 R$3.88 R$2.45 76
Growth Earnings
Growth-Adj P/E R$0.4700 R$0.6700 R$0.8700 67

Widest divergence: DCF Models (R$6.04) versus Growth DCF (R$0.2100). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 17.7
P/S ratio 0.08 P/E × margin
EPS (TTM) R$0.1500 price ÷ EPS = P/E 17.7
Dividend yield 2.8% payout 49.4%
Net margin 0.4% FY2025
Return on equity 2.3% TTM
More key figures
Profitability
Return on assets (EBIT) 10.3% avg 5y
Operating margin 5.1% TTM
Growth
Revenue (TTM) R$2.3B TTM
Revenue growth (YoY) −30.4% 3y avg +8.0%
EPS growth (YoY) −44.0%
Balance sheet & cash flow
Free cash flow R$169M FY2025
Net debt R$3.1B FY2025 · ≈ 18.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 40 · Market factors (momentum, volatility) 40

Profitability 14
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 78
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

Jalles Machado S/A produces, markets, and exports sugar, ethanol, and other by-products from sugarcane. The company offers crystal and organic sugar; hydrated, anhydrous, industrial, and organic ethanol; sanitizing products; and yeast. It also produces clean and renewable energy from cane bagasse and straw.

Full company description

Jalles Machado S/A produces, markets, and exports sugar, ethanol, and other by-products from sugarcane. The company offers crystal and organic sugar; hydrated, anhydrous, industrial, and organic ethanol; sanitizing products; and yeast. It also produces clean and renewable energy from cane bagasse and straw. In addition, the company engages in industrial automation, 4G project agro-industrial control tower, and research and development activiries. Jalles Machado S/A was founded in 1980 and is headquartered in Goianésia, Brazil.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jalles Machado S/A reported revenue of R$2.1B in FY2025 versus R$1.4B in FY2021, a compound +10.4%/yr. Reported net income was R$9.5M in FY2025, compounding −60.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
R$2.1B
Latest YoY
−8.1%
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.
+8.0%
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.
+14.6%
Avg. revenue growth/yr (13Y) 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.
+14.0%
Value creation/yr (5Y, in BRL) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in BRL: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−43.6% (−46.4 + 2.8)
Revenue +10.4%/yr
FY21 R$1.4B
FY22 R$1.7B
FY23 R$1.9B
FY24 R$2.3B
FY25 R$2.1B
Net income −60.4%/yr
FY21 R$388M
FY22 R$692M
FY23 R$85.1M
FY24 −R$56.0M
FY25 R$9.5M

JALL3 screens 296% overvalued. Compare with Chocoladefabriken Lindt & Sprüngli AG →

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Cite: Fair Value Calculator (2026). "Jalles Machado S/A Fair Value". https://www.fairvalue-calculator.com/stock/JALL3

Peer Group

Confectioners · 82 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 38 · Bottom 25%
Fair Value upside −75% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets −2% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) −28% · Bottom 25%
Revenue growth −25% · Bottom 25%
Dividend yield (TTM) 2.8% · Above median
Debt / equity 1.66× · Higher than 75% of peers

Valuation Multiples vs Confectioners median · lower = cheaper

P/E (TTM) 17.7× · Cheaper than median
P/B 0.30× · Cheaper than 75% of peers
P/S (TTM) 0.28× · Cheaper than median
P/FCF 0.7× · Pricier than median
EV/EBITDA 2.9× · Cheaper than 75% of peers

Strength profile in five axes (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
VALUE0 · sector 26
FUTURE0 · sector 0
PAST2 · sector 21
HEALTH17 · sector 93
DIVIDEND56 · sector 53

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Confectioners stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Chocoladefabriken Lindt & Sprüngli AG LISN CHF 90,700 CHF 9,281 −90%
Mondelez International, Inc MDLZ $62.36 $27.36 −56%
The Hershey Company HSY $179.05 $91.25 −49%
Barry Callebaut AG BARN CHF 1,115 CHF 711.91 −36%
ORION Corp 271560 124,600 KRW 203,315 KRW +63%
Tootsie Roll Industries, Inc TROLB $39.00 $22.21 −43%
Guangxi Yuegui Guangye Holdings 000833 ¥20.48 ¥9.09 −56%
Cloetta AB CLAB kr 54.85 kr 59.12 +8%
Balrampur Chini Mills Limited BALRAMCHIN ₹652.15 ₹318.59 −51%
PT Yupi Indo Jelly Gum Tbk YUPI 1,295 IDR 1,140 IDR −12%

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Frequently asked questions

Is Jalles Machado S/A (JALL3) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of R$0.6700 versus a price of R$2.65, about −75% upside (overvalued).
What is the fair value of JALL3?
Our model-based fair value for Jalles Machado S/A is R$0.6700 (as of Aug 13, 2026), built from audited fundamentals. The current price: R$2.65.
What is the quality score of JALL3?
Jalles Machado S/A has a Quality Score of 38/100. 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 Jalles Machado S/A (JALL3)?
Jalles Machado S/A reported trailing-twelve-month revenue of about R$2.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of JALL3?
The net profit margin of Jalles Machado S/A is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.
Does Jalles Machado S/A pay a dividend?
Jalles Machado S/A currently shows a dividend yield of about 2.80% relative to its recent price (as of Aug 13, 2026).
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