JSL S.A (JSLG3) fair value: what the stock is really worth
As of Oct 15, 2026: fair value of JSL S.A BRL 11.70, price BRL 10.68, upside +9.6%, quality 49 out of 100. 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$2.96 – R$12.84 · fair‑value band R$8.64 – R$15.21 · the R$10.68 price screens below the R$11.70 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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JSL S.A., together with its subsidiaries, provides logistics services in Brazil. It also offers cargo transportation, internal logistics, storage, urban distribution, commodity logistics, and other charter services.
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In addition, the company provides road transport services comprising intercity, interstate, and international cargo transportation services; chartered passenger transportation; logistical organization cargo transportation; and storage related services.
Further, it manufactures plants and related activities. JSL S.A. was founded in 1956 and is headquartered in São Paulo, Brazil. The company is a subsidiary of Simpar S.A.
Stock analysis
JSL S.A (JSLG3) currently trades at R$10.68, while our model-based Fair Value estimate is R$11.70, so the stock looks roughly fairly valued today (gap 8.7%).
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Valuation
Bull case: the DCF Models group reads highest at a median of R$77.84 per share, and 15 of the 26 models we run sit above the R$10.68 price.
Bear case: the Asset-Based group reads lowest at R$3.11, and 11 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: R$8.64 (bear) to R$15.21 (bull), the price of R$10.68 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
JSL S.A reported revenue of R$9.6B in FY2025 versus R$4.3B in FY2021, a compound +22.4%/yr. Reported net income was R$81.7M in FY2025, compounding −25.9%/yr from FY2021.
Key figures
Market cap R$3.0B (≈ $600M) · P/S ratio 0.22 · EPS (TTM) R$−0.3700 · Net margin 0.8% · Return on equity −7.0% · Return on assets (EBIT) 9.3% · Operating margin 11.2% · Revenue (TTM) R$9.8B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 170% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 10%, JSLG3 screens cheaper than that median.
Fair Value models
BearR$8.64Fair Value R$11.70BullR$15.21
Price R$10.68 · Upside +9.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.
Best data coverage
FCF DCFR$63.93R$127.66R$237.1176
Growth DCFR$61.68R$117.09R$200.7476
Residual IncomeR$3.51R$3.60R$3.8276
All 26 models by family
DCF Models
FCF DCFR$63.93R$127.66R$237.1176
Owner EarningsR$51.66R$107.72R$199.3072
5Y Revenue ExitR$33.68R$67.08R$111.8170
5Y EBITDA ExitR$50.32R$102.98R$170.2172
5Y P/E ExitR$13.14R$22.73R$32.1770
10Y Revenue ExitR$42.92R$77.84R$131.0065
10Y EBITDA ExitR$54.31R$102.52R$177.7266
10Y P/E ExitR$31.32R$47.34R$67.2964
Earnings-Based
Graham-DoddR$1.95R$10.53R$14.6063
Lynch FVR$2.92R$4.17R$5.4261
PEG = 1.0R$2.92R$4.17R$5.4257
EPVR$9.58R$13.51R$16.7873
Dividend Discount
Gordon GGMR$2.90R$5.23R$7.2068
DDM Multi-StageR$2.90R$4.77R$5.5867
Multiples
P/E MultipleR$4.51R$6.01R$7.5263
P/S MultipleR$3.65R$4.87R$6.0858
P/B MultipleR$3.65R$4.87R$6.0855
EV/EBITR$31.79R$48.79R$65.7965
EV/EBITDAR$47.71R$70.02R$92.3366
EV/RevenueR$17.18R$32.79R$48.3952
Asset-Based
NCAV (Graham)R$2.32R$3.11R$4.6454
Growth DCF
Growth DCFR$61.68R$117.09R$200.7476
Rev-Margin DCFR$33.68R$66.85R$111.8870
Economic Profit
Residual IncomeR$3.51R$3.60R$3.8276
ROIC CompounderR$11.77R$21.16R$32.3969
Growth Earnings
Growth-Adj P/ER$4.27R$6.11R$7.9467
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.5%
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.
+17.0%
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.
+27.8%
Start year 2020 (pandemic). Over 10 years: +4.9% a year
Revenue growth 18 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.
+13.2%
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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. Basis: EBIT basis. 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.
+16.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.9%
Dividend (yield on the price)0.0%
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.7% → 12%
⚠ Revenue per share shrinking 2.7%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−1.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+8.0%
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 −4.4% a year for the price and +4.6% 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.Integrated Freight & Logistics · 207 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "JSL S.A Fair Value". https://www.fairvalue-calculator.com/stock/JSLG3
Frequently asked questions
Is JSL S.A (JSLG3) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of R$11.70 versus a price of R$10.68, about +10% upside (fairly valued).
What is the fair value of JSLG3?
Our model-based fair value for JSL S.A is R$11.70 (as of Oct 2, 2026), built from audited fundamentals. The current price: R$10.68.
What is the quality score of JSLG3?
JSL S.A has a Quality Score of 49/100. 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 JSL S.A (JSLG3)?
Our model-based price target is the fair value of R$11.70 (as of Oct 2, 2026) from 26 valuation models. Cautious scenario R$8.64, optimistic scenario R$15.21. It is a calculation from audited fundamentals, not an analyst target.
What is the JSL S.A stock forecast for 2026?
Our models put fair value at R$11.70, about +10% upside versus a price of R$10.68 (fairly valued). Cautious scenario R$8.64, optimistic scenario R$15.21. The calculation is refreshed regularly with new filings.
What is the revenue of JSL S.A (JSLG3)?
JSL S.A reported trailing-twelve-month revenue of about R$9.8B (latest available figure, as of Oct 2, 2026).
What growth is priced into JSL S.A (JSLG3)?
For today's price to be fair in a discounted-cash-flow model, JSL S.A would have to grow free cash flow by -1.2 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.8 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of JSLG3 use?
Our models discount JSL S.A at 12.7 %: a base by market capitalisation (small), damped by beta 0.35, 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 JSL S.A that is -1.2 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has JSL S.A (JSLG3) delivered so far?
Over the past 5 years revenue at JSL S.A grew +27.8 % a year. The price currently implies -1.2 % 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 JSL S.A (JSLG3) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into JSL S.A (-1.2 % 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 JSL S.A (JSLG3)?
The free-cash-flow yield on the price is 35.01 %: that much free cash flow JSL S.A produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JSL S.A (JSLG3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JSL S.A it is R$11.70 per share (as of Oct 2, 2026), against a price of R$10.68. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is JSL S.A stock overvalued or undervalued in 2026?
As of Oct 2, 2026, JSLG3 trades below its calculated fair value: price R$10.68, fair value R$11.70, a gap of about +10% (fairly valued). 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 JSLG3?
No. The price is what the market pays today (R$10.68); the fair value is what the company's own numbers justify (R$11.70). For JSL S.A the two are R$1.02 per share apart. That gap is exactly why we show both numbers side by side.
How much is JSL S.A worth?
The market values JSL S.A at about R$3.0B (market capitalisation, as of Oct 2, 2026). Per share that is R$10.68; our models calculate a fair value of R$11.70 per share.
What do the bullish and bearish scenarios say about JSLG3?
Our models span a range for JSL S.A: cautious scenario R$8.64, base R$11.70, optimistic R$15.21 per share (as of Oct 2, 2026, price R$10.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of JSLG3?
The PEG ratio of JSL S.A is 0.35 (P/E divided by earnings growth, as of Oct 2, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of JSL S.A (JSLG3)?
Balance-sheet figures for JSL S.A (as of Oct 2, 2026): return on equity −7.0%, debt of 4.33 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is JSLG3 from its 52-week high?
JSL S.A trades at R$10.68, about 17% below its 52-week high of R$12.84 and 170% above the low of R$3.96 (as of Oct 15, 2026). Distance from the high says nothing about value: that is what the fair value of R$11.70 is for.
Which stocks are comparable to JSL S.A?
From the same area (Industrials) we also value United Parcel Service, Inc, Deutsche Post AG, FedEx Corporation, DSV A/S, 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 JSL S.A stock attractive at the current price?
The data as of Oct 2, 2026: price R$10.68, calculated fair value R$11.70 (+10%), Quality Score 49/100, from 26 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 JSLG3 calculated?
We run JSL S.A through 26 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$11.70, 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. JSL S.A currently trades 9 % 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 JSL S.A (JSLG3)?
The closing price on Oct 15, 2026 was R$10.68. Our model-based fair value is R$11.70, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JSL S.A right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of JSL S.A
How large is the market capitalisation of JSL S.A (JSLG3)?
The market capitalisation of JSL S.A is R$3.0B (≈ $600M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of JSL S.A (JSLG3)?
The price-to-sales ratio of JSL S.A is 0.22 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of JSL S.A (JSLG3)?
Earnings per share at JSL S.A are R$−0.3700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of JSL S.A (JSLG3)?
The net margin of JSL S.A is 0.8% (fiscal year 2025). 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 JSL S.A (JSLG3)?
The return on equity (ROE) of JSL S.A is −7.0% (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 JSL S.A (JSLG3)?
On an EBIT basis the return on assets of JSL S.A is 9.3% (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 JSL S.A (JSLG3)?
The operating margin of JSL S.A is 11.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JSL S.A (JSLG3)?
Revenue at JSL S.A is growing +4.9% versus a year earlier (3y avg +17.0%). 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 JSL S.A (JSLG3)?
Earnings per share at JSL 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 JSL S.A (JSLG3) carry?
The net debt of JSL S.A is R$6.8B (fiscal year 2025, ≈ 6.4 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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Some data
Oct 2, 2026