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Orizon Valorização de Resíduos S.A (ORVR3) Fair Value & Analysis

Industrials · BR · Market cap R$10.8B

OV Orizon Valorização de Resíduos S.A ORVR3 · SA
PriceR$67.85
Fair ValueR$7.82
Upside-88.5%
Quality27/100
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Mixed Growth
Thin margins · 7.5% net margin
Moderate debt · negative free cash flow
Mixed vs. peers (6/12)
Moderate moat 54/100
Evidence: High Range R$5.87 – R$9.78 Share as image

Fair value as of: Jul 13, 2026

From 16 valuation models · updated 28 days ago

Share price −9.5% over the past month.

Below-average quality, and screening another 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (R$9.78). The favourable scenario is already priced in.
  • Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

R$83.89 R$21.80 Fair Value R$7.82 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$21.80 – R$83.89 · fair‑value band R$5.87 – R$9.78 · the R$67.85 price screens above the R$7.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

Full chart & analysis →

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Analysis

Orizon Valorização de Resíduos S.A (ORVR3) currently trades at R$67.85, while our model-based Fair Value estimate is R$7.82, implying the stock looks roughly 88.5% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Orizon Valorização de Resíduos S.A generated revenue of R$1.1B at a net margin of 7.5%. Revenue grew 37.5% year over year. It earns a return on equity of 8.2%. Net debt stands at R$1.4B. Fundamentals as of Jul 13, 2026

Our scenario range runs from R$5.87 (bear case) to R$9.78 (bull case); at R$67.85, 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 20% below its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -40% fair-value upside, at -88%, ORVR3 screens richer 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$7.87 R$7.84 R$7.15 76
ROIC Compounder R$12.32 R$20.85 R$28.74 72
Gordon GGM R$1.44 R$3.00 R$4.76 70
All 16 models by family
Earnings-Based
Graham-Dodd R$2.98 R$20.12 R$28.19 54
Lynch FV R$5.90 R$8.43 R$10.95 50
PEG = 1.0 R$5.90 R$8.43 R$10.95 46
EPV R$11.45 R$14.69 R$17.52 59
Dividend Discount
Gordon GGM R$1.44 R$3.00 R$4.76 70
DDM Multi-Stage R$1.44 R$2.53 R$3.15 61
Multiples
P/E Multiple R$6.90 R$9.20 R$11.50 63
P/S Multiple R$5.58 R$7.45 R$9.31 58
P/B Multiple R$5.58 R$7.45 R$9.31 55
EV/EBIT R$20.91 R$30.54 R$40.16 53
EV/EBITDA R$27.65 R$39.51 R$51.38 54
EV/Revenue R$1.68 R$5.81 R$9.94 43
Asset-Based
NCAV (Graham) R$5.25 R$7.04 R$10.50 50
Economic Profit
Residual Income R$7.87 R$7.84 R$7.15 76
ROIC Compounder R$12.32 R$20.85 R$28.74 72
Growth Earnings
Growth-Adj P/E R$8.17 R$11.67 R$15.17 68

Widest divergence: Growth Earnings (R$11.67) versus Dividend Discount (R$2.53). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) R$1.1B
Revenue growth (YoY) +37.5%
Net margin 7.5%
Return on equity 8.2%
Free cash flow −R$388M FY2025
P/E ratio 76.8
More key figures
Operating margin 26.2%
EPS (TTM) R$1.02
EPS growth (YoY) +134%
Net debt R$1.4B FY2025

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

Quality Score breakdown

Overall quality 27/100

Of which business quality 30 · Market factors (momentum, volatility) 65

Profitability 23
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 0
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

Orizon Valorização de Resíduos S.A. operates as a waste recovery process company. It engages in ecoparks: disposal of solid waste; energy and renewable gas, circular economy, co-processing, CDR and reverse manufacturing, production of organic fertilizers, energy recovery unit, and carbon credits.

Full company description

Orizon Valorização de Resíduos S.A. operates as a waste recovery process company. It engages in ecoparks: disposal of solid waste; energy and renewable gas, circular economy, co-processing, CDR and reverse manufacturing, production of organic fertilizers, energy recovery unit, and carbon credits. The company also offers recovery of degraded areas, remediation of contaminated areas, environmental diagnosis and monitoring, waste management, cleaning environmental, and cleaning of oil industry tank services, as well as Uses biogas for energy generation. The company was formerly known as Haztec Investimentos e Participações S.A. and changed its name to Orizon Valorização de Resíduos S.A. in August 2020. Orizon Valorização de Resíduos S.A. was founded in 1999 and is based in São Paulo, Brazil. Orizon Valorização de Resíduos S.A. subsidiary of Inovatec Participações S.A.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Orizon Valorização de Resíduos S.A reported revenue of R$1.1B in FY2025 versus R$436M in FY2021, a compound +24.6%/yr. Reported net income was R$60.1M in FY2025.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
R$1.1B
Latest YoY
+16.3%
Avg. growth/yr (3Y)
+18.8%
Avg. growth/yr (5Y)
+21.8%
Avg. growth/yr (12Y)
+15.4%
Revenue +24.6%/yr
FY21 R$436M
FY22 R$626M
FY23 R$776M
FY24 R$903M
FY25 R$1.1B
Net income
FY21 −R$62.0M
FY22 −R$149M
FY23 R$40.1M
FY24 R$60.9M
FY25 R$60.1M

ORVR3 screens 88% overvalued. Compare with Waste Management, Inc →

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Cite: Fair Value Calculator (2026). "Orizon Valorização de Resíduos S.A Fair Value". https://www.fairvalue-calculator.com/stock/ORVR3

Peer Group

Waste Management · 169 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 27 · Bottom 25%
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 26% · Top 25%
Revenue growth 38% · Top 25%
Debt / equity 1.35× · Higher than 75% of peers

Valuation Multiples vs Waste Management median · lower = cheaper

P/E (TTM) 76.8× · Pricier than 75% of peers
P/B 1.46× · Pricier than median
P/S (TTM) 1.85× · Pricier than median
EV/EBITDA 7.1× · Cheaper than median

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 0 · sector 10
FUTURE 100 · sector 21
PAST 33 · sector 24
HEALTH 33 · sector 82
DIVIDEND 0 · sector 30

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

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

Similar stocks

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

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $233.33 $128.02 -45%
Republic Services, Inc RSG $219.20 $122.01 -44%
Waste Connections, Inc WCN C$242.43 C$78.67 -68%
Veolia Environnement SA VIE €37.51 €24.50 -35%
Clean Harbors, Inc CLH $303.64 $155.37 -49%
GFL Environmental Inc GFL C$55.40 C$94.12 +70%
Fomento de Construcciones y Contratas, S.A FCC €12.20 €7.30 -40%
GEM Co 002340 ¥6.32 ¥5.27 -17%
Zhejiang Weiming Environment Protection Co 603568 ¥16.18 ¥20.91 +29%
Cleanaway Waste Management Limited CWY A$2.34 A$1.18 -50%

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Frequently asked questions

Is Orizon Valorização de Resíduos S.A (ORVR3) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of R$7.82 versus a price of R$67.85, about −88% (overvalued).
What is the fair value of ORVR3?
Our model-based fair value for Orizon Valorização de Resíduos S.A is R$7.82 (as of Jul 13, 2026), built from audited fundamentals. The current price is R$67.85.
What is the quality score of ORVR3?
Orizon Valorização de Resíduos S.A has a Quality Score of 27/100. 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 Orizon Valorização de Resíduos S.A (ORVR3)?
Orizon Valorização de Resíduos S.A reported trailing-twelve-month revenue of about R$1.1B (latest available figure, as of Jul 13, 2026).
What is the net profit margin of ORVR3?
The net profit margin of Orizon Valorização de Resíduos S.A is about 7.5%, meaning it keeps roughly 7.5% of revenue as net income. Based on the latest reported figures.

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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