Jalles Machado S/A (JALL3) fair value: what the stock is really worth
As of Oct 16, 2026: fair value (intrinsic value) of Jalles Machado S/A stock BRL 3.45, price BRL 3.05, upside +13.1%, quality 38 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range R$1.95 – R$10.40 · the R$3.05 price screens below the R$3.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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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.
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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.
Stock analysis
Jalles Machado S/A (JALL3) currently trades at R$3.05, while our model-based Fair Value estimate is R$3.45, implying the stock looks roughly 11.6% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of R$11.47 per share, and 14 of the 22 models we run sit above the R$3.05 price.
Bear case: the Earnings-Based group reads lowest at R$0.4600, and 8 of the 22 models stay below the price. Data coverage for this calculation is low.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap R$920M (≈ $181M) Micro · P/E ratio 67.3 · P/S ratio 0.30 · EPS (TTM) R$−0.1700 · Dividend yield 0.3% · Net margin −2.6% · Return on equity −2.6% · Return on assets (EBIT) 10.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −43% fair-value upside, at 13%, JALL3 screens cheaper than that median.
Fair Value models
BearR$3.45Fair Value R$3.45BullR$3.45
Price R$3.05 · Upside +13.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−8.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.6%
Start year 2020 (pandemic). Over 10 years: +11.6% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
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What shareholders gained per year (last 5 years), in BRL ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
−46.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−46.4%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−46.4% vs −22.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.49% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Brazil: IMF forecast 3.3% a year to 2030, 5.4% from 2016 to 2025) that is about +11.1% a year for the price and +5.8% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Confectioners · 80 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside+13.1% · Above median
Profitability
Return on assets0.1% · Below median
Net margin (12 months)−2.6% · Bottom 25%
Operating margin (12 months)−17.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−32.6% · Bottom 25%
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity1.66× · Highest 25%
Valuation Multiplesvs Confectioners median · lower = cheaper
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Is Jalles Machado S/A (JALL3) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of R$3.45 versus a price of R$3.05, about +13% upside (undervalued).
What is the fair value of JALL3?
Our model-based fair value for Jalles Machado S/A is R$3.45 (as of Oct 2, 2026), built from audited fundamentals. The current price: R$3.05.
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 price target for Jalles Machado S/A (JALL3)?
Our model-based price target is the fair value of R$3.45 (as of Oct 2, 2026) from 22 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Jalles Machado S/A stock forecast for 2026?
Our models put fair value at R$3.45, about +13% upside versus a price of R$3.05 (undervalued). The calculation is refreshed regularly with new filings.
What is the revenue of Jalles Machado S/A (JALL3)?
Jalles Machado S/A reported trailing-twelve-month revenue of about R$2.0B (latest available figure, as of Oct 2, 2026).
Does Jalles Machado S/A pay a dividend?
Jalles Machado S/A currently shows a dividend yield of 0.26% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Jalles Machado S/A (JALL3)?
For today's price to be fair in a discounted-cash-flow model, Jalles Machado S/A would have to grow free cash flow by +14.7 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.6 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of JALL3 use?
Our models discount Jalles Machado S/A at 14.2 %: a base by market capitalisation (micro), damped by beta 0.07, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Jalles Machado S/A that is +14.7 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has Jalles Machado S/A (JALL3) delivered so far?
Over the past 5 years revenue at Jalles Machado S/A grew +14.6 % a year. The price currently implies +14.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Jalles Machado S/A (JALL3) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Jalles Machado S/A (+14.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Jalles Machado S/A (JALL3)?
The free-cash-flow yield on the price is 18.39 %: that much free cash flow Jalles Machado S/A produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Jalles Machado S/A (JALL3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jalles Machado S/A it is R$3.45 per share (as of Oct 2, 2026), against a price of R$3.05. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Jalles Machado S/A stock overvalued or undervalued in 2026?
As of Oct 2, 2026, JALL3 trades below its calculated fair value: price R$3.05, fair value R$3.45, a gap of about +13% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of JALL3?
No. The price is what the market pays today (R$3.05); the fair value is what the company's own numbers justify (R$3.45). For Jalles Machado S/A the two are R$0.4000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jalles Machado S/A worth?
The market values Jalles Machado S/A at about R$920M (market capitalisation, as of Oct 2, 2026). Per share that is R$3.05; our models calculate a fair value of R$3.45 per share.
What is the P/E ratio of JALL3?
Jalles Machado S/A trades at a price-to-earnings ratio of 67.3 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$3.45 is built from several models across several years. Other multiples: P/B 0.5, P/S 0.5, EV/EBITDA 3.0.
How solid is the balance sheet of Jalles Machado S/A (JALL3)?
Balance-sheet figures for Jalles Machado S/A (as of Oct 2, 2026): return on equity −2.6%, debt of 1.66 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is JALL3 from its 52-week high?
Jalles Machado S/A trades at R$3.05, about 19% below its 52-week high of R$3.77 and 56% above the low of R$1.95 (as of Oct 16, 2026). Distance from the high says nothing about value: that is what the fair value of R$3.45 is for.
Which stocks are comparable to Jalles Machado S/A?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Jalles Machado S/A stock attractive at the current price?
The data as of Oct 2, 2026: price R$3.05, calculated fair value R$3.45 (+13%), Quality Score 38/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of JALL3 calculated?
We run Jalles Machado S/A through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$3.45, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.8 % above its aggregate fair value. Jalles Machado S/A currently trades 12 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Jalles Machado S/A (JALL3)?
The closing price on Oct 16, 2026 was R$3.05. Our model-based fair value is R$3.45, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jalles Machado S/A right now?
The price is below even our cautious bear case (R$3.45). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Jalles Machado S/A
How large is the market capitalisation of Jalles Machado S/A (JALL3)?
The market capitalisation of Jalles Machado S/A is R$920M (≈ $181M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Jalles Machado S/A (JALL3)?
The price-to-sales ratio of Jalles Machado S/A is 0.30 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jalles Machado S/A (JALL3)?
Earnings per share at Jalles Machado S/A are R$−0.1700 (price ÷ EPS = P/E 67.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jalles Machado S/A (JALL3)?
The dividend yield of Jalles Machado S/A is 0.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Jalles Machado S/A (JALL3)?
The net margin of Jalles Machado S/A is −2.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Jalles Machado S/A (JALL3)?
The return on equity (ROE) of Jalles Machado S/A is −2.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Jalles Machado S/A (JALL3)?
On an EBIT basis the return on assets of Jalles Machado S/A is 10.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Jalles Machado S/A (JALL3)?
The operating margin of Jalles Machado S/A is −17.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jalles Machado S/A (JALL3)?
Revenue at Jalles Machado S/A is growing −32.6% versus a year earlier (3y avg +8.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Jalles Machado S/A (JALL3)?
Earnings per share at Jalles Machado S/A are growing −44.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Jalles Machado S/A (JALL3) carry?
The net debt of Jalles Machado S/A is R$3.1B (fiscal year 2025, ≈ 18.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 2, 2026