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Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) Fair Value & Analysis

Real Estate · BR · Market cap R$1.6B

PP Plano & Plano Desenvolvimento Imobiliário S.A PLPL3 · SA
PriceR$7.02
Fair ValueR$20.68
Upside+194.6%
Quality46/100
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Expensive Growth
Thin margins · 9.9% net margin
Moderate debt · negative free cash flow
6.05% dividend yield
Ranks above peers (9/13)
Moderate moat 61/100
Evidence: High Range R$14.47 – R$26.88 Share as image

Fair value as of: Jul 15, 2026

From 9 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from R$20.85 to R$20.68 (−0.8%) since Jun 26, 2026. Share price −9.5% over the past month.

Below-average quality, screening 195% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (R$14.47). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (R$14.47 to R$26.88) leaves room in how you read the outcome.
  • 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$17.37 R$1.56 Fair Value R$20.68 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range R$1.56 – R$17.37 · fair‑value band R$14.47 – R$26.88 · the R$7.02 price screens below the R$20.68 fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) currently trades at R$7.02, while our model-based Fair Value estimate is R$20.68, implying the stock looks roughly 194.6% undervalued today. The Quality Score stands at 46/100 (below-average 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.

Over the trailing twelve months, Plano & Plano Desenvolvimento Imobiliário S.A generated revenue of R$3.3B at a net margin of 11.0%. Revenue grew 59.9% year over year. It earns a return on equity of 41.1%. Net debt stands at R$3.8M. Fundamentals as of Jul 15, 2026

Our scenario range runs from R$14.47 (bear case) to R$26.88 (bull case); at R$7.02, 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 60% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 195%, PLPL3 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 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
Highest evidence
Residual Income R$9.98 R$12.84 R$61.54 76
Gordon GGM R$7.66 R$13.80 R$18.99 70
DDM Multi-Stage R$7.66 R$12.60 R$14.74 61
All 9 models by family
Dividend Discount
Gordon GGM R$7.66 R$13.80 R$18.99 70
DDM Multi-Stage R$7.66 R$12.60 R$14.74 61
Multiples
P/S Multiple R$22.74 R$30.32 R$37.91 58
P/B Multiple R$7.56 R$10.08 R$12.60 55
EV/EBIT R$42.75 R$56.71 R$70.67 53
EV/EBITDA R$34.67 R$45.93 R$57.19 54
EV/Revenue R$23.97 R$33.87 R$43.77 43
Asset-Based
NCAV (Graham) R$2.52 R$3.38 R$5.04 50
Economic Profit
Residual Income R$9.98 R$12.84 R$61.54 76

Widest divergence: Multiples (R$33.87) versus Asset-Based (R$3.38). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) R$3.3B
Revenue growth (YoY) +59.9%
Net margin 11.0%
Return on equity 41.1%
Free cash flow −R$103M FY2025
P/E ratio 5.0
More key figures
Operating margin 15.6%
EPS (TTM) R$1.67
EPS growth (YoY) +55.2%
Net debt R$3.8M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 20

Profitability 61
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 4
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 68
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

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
R$3.3B
Latest YoY
+26.7%
Avg. growth/yr (3Y) 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.
+30.0%
Avg. growth/yr (5Y) 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.
+29.5%
Avg. growth/yr (8Y) 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.
+34.1%
Revenue +26.8%/yr
FY21 R$1.3B
FY22 R$1.5B
FY23 R$2.1B
FY24 R$2.6B
FY25 R$3.3B
Net income +27.9%/yr
FY21 R$135M
FY22 R$134M
FY23 R$269M
FY24 R$344M
FY25 R$362M

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Cite: Fair Value Calculator (2026). "Plano & Plano Desenvolvimento Imobiliário S.A Fair Value". https://www.fairvalue-calculator.com/stock/PLPL3

Peer Group

Real Estate - Development · 588 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 46 · Below median
Fair Value upside +195% · Top 25%
Return on equity (TTM) 38% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 9% · Below median
Revenue growth 21% · Above median
Dividend yield (TTM) 6.1% · Top 25%
Debt / equity 0.90× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 4.9× · Cheaper than 75% of peers
P/B 1.61× · Pricier than 75% of peers
P/S (TTM) 0.48× · Cheaper than median
EV/EBITDA 2.9× · Cheaper 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 100 · sector 48
FUTURE 100 · sector 0
PAST 100 · sector 10
HEALTH 55 · sector 84
DIVIDEND 100 · sector 38

Insider activity: 45/100

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 - Development stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of R$20.68 versus a price of R$7.02, about +195% (undervalued).
What is the fair value of PLPL3?
Our model-based fair value for Plano & Plano Desenvolvimento Imobiliário S.A is R$20.68 (as of Jul 15, 2026), built from audited fundamentals. The current price is R$7.02.
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 revenue of Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3)?
Plano & Plano Desenvolvimento Imobiliário S.A reported trailing-twelve-month revenue of about R$3.3B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of PLPL3?
The net profit margin of Plano & Plano Desenvolvimento Imobiliário S.A is about 11.0%, meaning it keeps roughly 11.0% 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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