Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Plano & Plano Desenvolvimento Imobiliário S.A BRL 11.43, price BRL 6.77, upside +68.8%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range R$1.56 – R$17.37 · fair‑value band R$8.84 – R$42.87 · the R$6.77 price screens below the R$11.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Plano & Plano Desenvolvimento Imobiliário S.A., through its subsidiaries develops, constructs, and sells real estate projects in the São Paulo Metropolitan Region. It also provides its services online. The company was founded in 1997 and is based in São Paulo, Brazil.
Stock analysis
Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) currently trades at R$6.77, while our model-based Fair Value estimate is R$11.43, implying the stock looks roughly 40.8% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R$33.87 per share, and 8 of the 9 models we run sit above the R$6.77 price.
Bear case: the Asset-Based group reads lowest at R$3.38, and 1 of the 9 models stay below the price. Evidence for this calculation is high.
Scenario range: R$8.84 (bear) to R$42.87 (bull), the price of R$6.77 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 46/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Plano & Plano Desenvolvimento Imobiliário S.A reported revenue of R$3.3B in FY2025 versus R$1.3B in FY2021, a compound +26.8%/yr. Reported net income was R$362M in FY2025, compounding +27.9%/yr from FY2021.
Key figures
Market cap R$1.6B (≈ $319M) · P/E ratio 4.1 · P/S ratio 0.45 · EPS (TTM) R$1.67 · Dividend yield 7.3% · Net margin 11.0% · Return on equity 38.0% · Return on assets (EBIT) 13.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at 69%, PLPL3 screens cheaper than that median.
Fair Value models
Bear R$8.84Fair Value R$11.43Bull R$42.87
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$0.8642 per share) are deliberately not added.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.Evidence ⓘEvidence = 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
+26.7%
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.
+30.0%
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.
+29.5%
Start year 2020 (pandemic)
Revenue growth 8 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.
+34.1%
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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.
+29.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.5%
Dividend (yield on the price)7.3%
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.17% → 16%
Compare Plano & Plano Desenvolvimento Imobiliário S.A with another stock
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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.Real Estate - Development · 577 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside+69% · Above median
Profitability
Return on equity (TTM)38% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)10% · Above median
Operating margin (TTM)9% · Below median
Growth and dividend
Revenue growth21% · Above median
Dividend yield (TTM)7.3% · Top 25%
Balance sheet
Debt / equity0.90× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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). "Plano & Plano Desenvolvimento Imobiliário S.A Fair Value". https://www.fairvalue-calculator.com/stock/PLPL3
Frequently asked questions
Is Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of R$11.43 versus a price of R$6.77, about +69% upside (undervalued).
What is the fair value of PLPL3?
Our model-based fair value for Plano & Plano Desenvolvimento Imobiliário S.A is R$11.43 (as of Sep 23, 2026), built from audited fundamentals. The current price: R$6.77.
What is the quality score of PLPL3?
Plano & Plano Desenvolvimento Imobiliário S.A has a Quality Score of 46/100. 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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
Our model-based price target is the fair value of R$11.43 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario R$8.84, optimistic scenario R$42.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Plano & Plano Desenvolvimento Imobiliário S.A stock forecast for 2026?
Our models put fair value at R$11.43, about +69% upside versus a price of R$6.77 (undervalued). Cautious scenario R$8.84, optimistic scenario R$42.87. The calculation is refreshed regularly with new filings.
What is the revenue of Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
Plano & Plano Desenvolvimento Imobiliário S.A reported trailing-twelve-month revenue of about R$3.4B (latest available figure, as of Sep 23, 2026).
Does Plano & Plano Desenvolvimento Imobiliário S.A pay a dividend?
Plano & Plano Desenvolvimento Imobiliário S.A currently shows a dividend yield of about 7.28% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Plano & Plano Desenvolvimento Imobiliário S.A it is R$11.43 per share (as of Sep 23, 2026), against a price of R$6.77. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Plano & Plano Desenvolvimento Imobiliário S.A stock overvalued or undervalued in 2026?
As of Sep 23, 2026, PLPL3 trades below its calculated fair value: price R$6.77, fair value R$11.43, a gap of about +69% (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 PLPL3?
No. The price is what the market pays today (R$6.77); the fair value is what the company's own numbers justify (R$11.43). For Plano & Plano Desenvolvimento Imobiliário S.A the two are R$4.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is Plano & Plano Desenvolvimento Imobiliário S.A worth?
The market values Plano & Plano Desenvolvimento Imobiliário S.A at about R$1.6B (market capitalisation, as of Sep 23, 2026). Per share that is R$6.77; our models calculate a fair value of R$11.43 per share.
What do the bullish and bearish scenarios say about PLPL3?
Our models span a range for Plano & Plano Desenvolvimento Imobiliário S.A: cautious scenario R$8.84, base R$11.43, optimistic R$42.87 per share (as of Sep 23, 2026, price R$6.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PLPL3?
Plano & Plano Desenvolvimento Imobiliário S.A trades at a price-to-earnings ratio of 4.1 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$11.43 is built from several models across several years. Other multiples: P/B 1.6, P/S 0.5, EV/EBITDA 2.9.
How solid is the balance sheet of Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
Balance-sheet figures for Plano & Plano Desenvolvimento Imobiliário S.A (as of Sep 23, 2026): return on equity 38.0%, debt of 0.90 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is PLPL3 from its 52-week high?
Plano & Plano Desenvolvimento Imobiliário S.A trades at R$6.77, about 60% below its 52-week high of R$16.73 and 5% above the low of R$6.46 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of R$11.43 is for.
Which stocks are comparable to Plano & Plano Desenvolvimento Imobiliário S.A?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Plano & Plano Desenvolvimento Imobiliário S.A stock attractive at the current price?
The data as of Sep 23, 2026: price R$6.77, calculated fair value R$11.43 (+69%), Quality Score 46/100, from 9 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 PLPL3 calculated?
We run Plano & Plano Desenvolvimento Imobiliário S.A through 9 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$11.43, 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 13.0 % above its aggregate fair value. Plano & Plano Desenvolvimento Imobiliário S.A currently trades 69 % 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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
The closing price on Sep 23, 2026 was R$6.77. Our model-based fair value is R$11.43, about +69% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Plano & Plano Desenvolvimento Imobiliário S.A right now?
The price is below even our cautious bear case (R$8.84). The market is more pessimistic than our downside scenario. The model range is unusually wide (R$8.84 to R$42.87). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (46/100) 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.
Key figures of Plano & Plano Desenvolvimento Imobiliário S.A
How large is the market capitalisation of Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
The market capitalisation of Plano & Plano Desenvolvimento Imobiliário S.A is R$1.6B (≈ $319M). 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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
The price-to-sales ratio of Plano & Plano Desenvolvimento Imobiliário S.A is 0.45 (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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
Earnings per share at Plano & Plano Desenvolvimento Imobiliário S.A are R$1.67 (price ÷ EPS = P/E 4.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
The dividend yield of Plano & Plano Desenvolvimento Imobiliário S.A is 7.3% (payout 29.5%). 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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
The net margin of Plano & Plano Desenvolvimento Imobiliário S.A is 11.0% (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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
The return on equity (ROE) of Plano & Plano Desenvolvimento Imobiliário S.A is 38.0% (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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
On an EBIT basis the return on assets of Plano & Plano Desenvolvimento Imobiliário S.A is 13.1% (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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
The operating margin of Plano & Plano Desenvolvimento Imobiliário S.A is 9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
Revenue at Plano & Plano Desenvolvimento Imobiliário S.A is growing +21.4% versus a year earlier (3y avg +30.0%). 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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
Earnings per share at Plano & Plano Desenvolvimento Imobiliário S.A are growing −37.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) generate?
The free cash flow of Plano & Plano Desenvolvimento Imobiliário S.A is −R$103M (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 Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) carry?
The net debt of Plano & Plano Desenvolvimento Imobiliário S.A is R$3.8M (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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