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LOG Commercial Properties e Participações S.A (LOGG3) Fair Value & Analysis

Real Estate · BR · Market cap R$2.3B

LC LOG Commercial Properties e Participações S.A LOGG3 · SA
PriceR$25.25
Fair ValueR$34.22
Upside+35.5%
Quality57/100
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Expensive Growth
Highly profitable · 149.7% net margin
Low debt · negative free cash flow
15.13% dividend yield
Ranks above peers (9/13)
Moderate moat 56/100
Evidence: High Range R$25.67 – R$42.78 Share as image

Fair value as of: Jul 13, 2026

From 6 valuation models · updated 28 days ago

Share price −4.9% over the past month.

A solid business, screening 36% undervalued on our models.

What matters now

  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

R$28.30 R$9.25 Fair Value R$34.22 May 2021 Aug 2026

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

How to read this chart

60‑month range R$9.25 – R$28.30 · fair‑value band R$25.67 – R$42.78 · the R$25.25 price screens below the R$34.22 fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

LOG Commercial Properties e Participações S.A (LOGG3) currently trades at R$25.25, while our model-based Fair Value estimate is R$34.22, implying the stock looks roughly 35.5% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Real Estate 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.

Trailing-twelve-month revenue stands at R$269M. Revenue grew 22.4% year over year. It earns a return on equity of 11.0%. Net debt stands at R$2.5B. Fundamentals as of Jul 13, 2026

Our scenario range runs from R$25.67 (bear case) to R$42.78 (bull case); at R$25.25, the current price sits below 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 18% below its 52-week high and 54% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 36%, LOGG3 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 BearBaseBull Evidence
Highest evidence
Residual Income R$35.88 R$39.43 R$51.79 76
Gordon GGM R$34.77 R$69.28 R$104.92 70
DDM Multi-Stage R$34.77 R$59.88 R$73.14 61
All 6 models by family
Dividend Discount
Gordon GGM R$34.77 R$69.28 R$104.92 70
DDM Multi-Stage R$34.77 R$59.88 R$73.14 61
Multiples
P/S Multiple R$25.67 R$34.22 R$42.78 58
P/B Multiple R$51.71 R$68.95 R$86.19 55
Asset-Based
NCAV (Graham) R$20.62 R$27.64 R$41.25 50
Economic Profit
Residual Income R$35.88 R$39.43 R$51.79 76

Widest divergence: Dividend Discount (R$59.88) versus Asset-Based (R$27.64). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) R$269M
Revenue growth (YoY) +22.4%
Net margin 150%
Return on equity 11.0%
Free cash flow −R$303M FY2025
P/E ratio 6.7
More key figures
Operating margin 71.1%
EPS (TTM) R$4.60
Dividend yield 13.7%
EPS growth (YoY) +53.8%
Net debt R$2.5B FY2025

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 52 · Market factors (momentum, volatility) 75

Profitability 40
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 67
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 90
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.

About the company

LOG Commercial Properties e Participações S.A. develops, constructs, and rents residential and commercial properties in Brazil.

Full company description

LOG Commercial Properties e Participações S.A. develops, constructs, and rents residential and commercial properties in Brazil. It offers logistics and industrial warehouses; rental of owned properties; construction of buildings; construction, marketing, leasing and related services, including real estate consulting; and supplies and participates goods and services in the commercial real estate. The company was formerly known as MRV Logística E Participações S.A. LOG Commercial Properties e Participações S.A. was incorporated in 2008 and is based in Belo Horizonte, Brazil.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

LOG Commercial Properties e Participações S.A reported revenue of R$460M in FY2025 versus R$149M in FY2021, a compound +32.5%/yr. Reported net income was R$355M in FY2025, compounding −1.0%/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$460M
Latest YoY
+109.5%
Avg. growth/yr (3Y)
+28.4%
Avg. growth/yr (5Y)
+26.6%
Avg. growth/yr (14Y)
+34.6%
Revenue +32.5%/yr
FY21 R$149M
FY22 R$217M
FY23 R$220M
FY24 R$220M
FY25 R$460M
Net income −1.0%/yr
FY21 R$369M
FY22 R$386M
FY23 R$192M
FY24 R$343M
FY25 R$355M

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Cite: Fair Value Calculator (2026). "LOG Commercial Properties e Participações S.A Fair Value". https://www.fairvalue-calculator.com/stock/LOGG3

Peer Group

Real Estate Services · 521 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 58 · Above median
Fair Value upside +36% · Above median
Return on equity (TTM) 11% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 150% · Top 25%
Operating margin (TTM) 71% · Top 25%
Revenue growth 22% · Top 25%
Dividend yield (TTM) 15.1% · Top 25%
Debt / equity 0.49× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 5.8× · Cheaper than 75% of peers
P/B 0.65× · Cheaper than median
P/S (TTM) 8.70× · Pricier than 75% of peers
EV/EBITDA 23.9× · Pricier than 75% of peers

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.

VALUE 81 · sector 37
FUTURE 100 · sector 10
PAST 44 · sector 16
HEALTH 76 · sector 85
DIVIDEND 100 · sector 49

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is LOG Commercial Properties e Participações S.A (LOGG3) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of R$34.22 versus a price of R$25.25, about +36% (undervalued).
What is the fair value of LOGG3?
Our model-based fair value for LOG Commercial Properties e Participações S.A is R$34.22 (as of Jul 13, 2026), built from audited fundamentals. The current price is R$25.25.
What is the quality score of LOGG3?
LOG Commercial Properties e Participações S.A has a Quality Score of 57/100. 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 LOG Commercial Properties e Participações S.A (LOGG3)?
LOG Commercial Properties e Participações S.A reported trailing-twelve-month revenue of about R$269M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of LOGG3?
The net profit margin of LOG Commercial Properties e Participações S.A is about 149.7%, meaning it keeps roughly 149.7% of revenue as net income. Based on the latest reported figures.
Does LOG Commercial Properties e Participações S.A pay a dividend?
LOG Commercial Properties e Participações S.A currently shows a dividend yield of about 13.72% relative to its recent price (as of Jul 13, 2026).

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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