Motiva Infraestrutura de Mobilidade S.A. (MOTV3) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Motiva Infraestrutura de Mobilidade S.A. stock BRL 29.20, price BRL 14.86, upside +96.5%, quality 47 out of 100. Rating: strongly undervalued. Calculated from audited financials with 14 of our 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. As of Nov 4, 2026.
How to read this chart
60‑month range R$8.79 – R$20.50 · fair‑value band R$20.44 – R$37.95 · the R$14.86 price screens below the R$29.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Motiva Infraestrutura de Mobilidade S.A. provides infrastructure services for highway, rail, and airport concessions in Brazil. It manages and maintains 36 concessions on highways, airports, and rails.
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The company was formerly known as CCR S.A. and changed its name to Motiva Infraestrutura de Mobilidade S.A. in April 2025. Motiva Infraestrutura de Mobilidade S.A. was incorporated in 1998 and is based in São Paulo, Brazil.
Stock analysis
Motiva Infraestrutura de Mobilidade S.A. (MOTV3) currently trades at R$14.86, while our model-based Fair Value estimate is R$29.20, implying the stock looks roughly 49% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R$34.27 per share, and 8 of the 14 models we run sit above the R$14.86 price.
Bear case: the Dividend Discount group reads lowest at R$6.32, and 6 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: R$20.44 (bear) to R$37.95 (bull), the price of R$14.86 sits below 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 47/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Motiva Infraestrutura de Mobilidade S.A. reported revenue of R$18.9B in FY2025 versus R$12.2B in FY2021, a compound +11.4%/yr. Reported net income was R$3.3B in FY2025, compounding +47.4%/yr from FY2021.
Key figures
Market cap R$30.0B (≈ $5.4B) Mid · P/S ratio 1.41 · EPS (TTM) R$−0.6800 · Dividend yield 0.4% · Net margin 17.4% · Return on equity 16.9% · Return on assets (EBIT) 11.6% (5-year average) · Operating margin 33.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 97%, MOTV3 screens cheaper than that median.
Fair Value models
BearR$20.44Fair Value R$29.20BullR$37.95
Price R$14.86 · Upside +96.5%
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 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.
+21.2%
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.
+15.5%
Revenue growth 19 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.
+13.5%
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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.
≈ +18.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.8%
Dividend (yield on the price)0.4%
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.base effect: 36.4% / 7.8%
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.18% → 38%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 92% above its own trend.
News mood ⓘNews mood, the average tone of recent news (2 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare Motiva Infraestrutura de Mobilidade S.A. with another stock
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.Infrastructure Operations · 61 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+96.5% · Top 25%
Profitability
Return on equity (12 months)16.9% · Top 25%
Return on assets4.6% · Above median
Net margin (12 months)30.3% · Top 25%
Operating margin (12 months)33.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)−2.0% · Below median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity2.24× · Highest 25%
Valuation Multiplesvs Infrastructure Operations median · lower = cheaper
P/B1.90× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Motiva Infraestrutura de Mobilidade S.A. Fair Value". https://www.fairvalue-calculator.com/stock/MOTV3
Frequently asked questions
Is Motiva Infraestrutura de Mobilidade S.A. (MOTV3) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of R$29.20 versus a price of R$14.86, about +97% upside (undervalued).
What is the fair value of MOTV3?
Our model-based fair value for Motiva Infraestrutura de Mobilidade S.A. is R$29.20 (as of Nov 4, 2026), built from audited fundamentals. The current price: R$14.86.
What is the quality score of MOTV3?
Motiva Infraestrutura de Mobilidade S.A. has a Quality Score of 47/100. 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 Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
Our model-based price target is the fair value of R$29.20 (as of Nov 4, 2026) from 14 valuation models. Cautious scenario R$20.44, optimistic scenario R$37.95. It is a calculation from audited fundamentals, not an analyst target.
What is the Motiva Infraestrutura de Mobilidade S.A. stock forecast for 2026?
Our models put fair value at R$29.20, about +97% upside versus a price of R$14.86 (undervalued). Cautious scenario R$20.44, optimistic scenario R$37.95. The calculation is refreshed regularly with new filings.
What is the revenue of Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
Motiva Infraestrutura de Mobilidade S.A. reported trailing-twelve-month revenue of about R$20.0B (latest available figure, as of Nov 4, 2026).
Does Motiva Infraestrutura de Mobilidade S.A. pay a dividend?
Motiva Infraestrutura de Mobilidade S.A. currently shows a dividend yield of 0.42% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Motiva Infraestrutura de Mobilidade S.A. (MOTV3) and when is the ex-dividend date?
Motiva Infraestrutura de Mobilidade S.A. pays a dividend of R$0.062 per share a year, a dividend yield of 0.4%. The last ex-dividend date was Sep 8, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 3.8% of earnings. Our assessment: Token dividend. At a yield of 0.4% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.4% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Motiva Infraestrutura de Mobilidade S.A. it is R$29.20 per share (as of Nov 4, 2026), against a price of R$14.86. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Economic Profit, Growth Earnings).
Is Motiva Infraestrutura de Mobilidade S.A. stock overvalued or undervalued in 2026?
As of Nov 4, 2026, MOTV3 trades below its calculated fair value: price R$14.86, fair value R$29.20, a gap of about +97% (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 MOTV3?
No. The price is what the market pays today (R$14.86); the fair value is what the company's own numbers justify (R$29.20). For Motiva Infraestrutura de Mobilidade S.A. the two are R$14.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Motiva Infraestrutura de Mobilidade S.A. worth?
The market values Motiva Infraestrutura de Mobilidade S.A. at about R$30.0B (market capitalisation, as of Nov 4, 2026). Per share that is R$14.86; our models calculate a fair value of R$29.20 per share.
What do the bullish and bearish scenarios say about MOTV3?
Our models span a range for Motiva Infraestrutura de Mobilidade S.A.: cautious scenario R$20.44, base R$29.20, optimistic R$37.95 per share (as of Nov 4, 2026, price R$14.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of MOTV3?
The PEG ratio of Motiva Infraestrutura de Mobilidade S.A. is 0.72 (P/E divided by earnings growth, as of Nov 4, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
Balance-sheet figures for Motiva Infraestrutura de Mobilidade S.A. (as of Nov 4, 2026): return on equity 16.9%, debt of 2.24 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is MOTV3 from its 52-week high?
Motiva Infraestrutura de Mobilidade S.A. trades at R$14.86, about 28% below its 52-week high of R$20.50 and 14% above the low of R$13.06 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of R$29.20 is for.
Which stocks are comparable to Motiva Infraestrutura de Mobilidade S.A.?
From the same area (Industrials) we also value Transurban Group, China Merchants Expressway Network & Technology Holdings, Jiangsu Expressway Company, Shandong Hi-speed Company, 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 Motiva Infraestrutura de Mobilidade S.A. stock attractive at the current price?
The data as of Nov 4, 2026: price R$14.86, calculated fair value R$29.20 (+97%), Quality Score 47/100, from 14 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 MOTV3 calculated?
We run Motiva Infraestrutura de Mobilidade S.A. through 14 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of R$29.20 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Motiva Infraestrutura de Mobilidade S.A. currently trades 49% 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 Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
The closing price on Nov 6, 2026 was R$14.86. Our model-based fair value is R$29.20, about +97% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Motiva Infraestrutura de Mobilidade S.A. right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (R$20.44). The market is more pessimistic than our downside scenario. A fairly wide model range (R$20.44 to R$37.95) leaves room in how you read the outcome.
Where does the earnings growth of Motiva Infraestrutura de Mobilidade S.A. (MOTV3) come from?
Earnings per share at Motiva Infraestrutura de Mobilidade S.A. grew +3.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.1 %, EBIT margin −2.1 %, tax rate −0.2 %, residual (interest, one-offs) −1.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Motiva Infraestrutura de Mobilidade S.A.
How large is the market capitalisation of Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
The market capitalisation of Motiva Infraestrutura de Mobilidade S.A. is R$30.0B (≈ $5.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
The price-to-sales ratio of Motiva Infraestrutura de Mobilidade S.A. is 1.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
Earnings per share at Motiva Infraestrutura de Mobilidade S.A. are R$−0.6800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
The dividend yield of Motiva Infraestrutura de Mobilidade S.A. is 0.4%. 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 Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
The net margin of Motiva Infraestrutura de Mobilidade S.A. is 17.4% (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 Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
The return on equity (ROE) of Motiva Infraestrutura de Mobilidade S.A. is 16.9% (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 Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
On an EBIT basis the return on assets of Motiva Infraestrutura de Mobilidade S.A. is 11.6% (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 Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
The operating margin of Motiva Infraestrutura de Mobilidade S.A. is 33.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
Revenue at Motiva Infraestrutura de Mobilidade S.A. is growing −2.0% versus a year earlier (3y avg −0.6%). 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 Motiva Infraestrutura de Mobilidade S.A. (MOTV3)?
Earnings per share at Motiva Infraestrutura de Mobilidade S.A. are growing +178% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Motiva Infraestrutura de Mobilidade S.A. (MOTV3) generate?
The free cash flow of Motiva Infraestrutura de Mobilidade S.A. is −R$3.9B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Motiva Infraestrutura de Mobilidade S.A. (MOTV3) carry?
The net debt of Motiva Infraestrutura de Mobilidade S.A. is R$33.6B (fiscal year 2025). 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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Nov 4, 2026