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Livetech da Bahia Indústria e Comércio S.A (WDCN3) Fair Value & Analysis

Communication Services · BR · Market cap R$150M

LD Livetech da Bahia Indústria e Comércio S.A WDCN3 · SA
PriceR$2.31
Fair ValueR$3.32
Upside+43.7%
Quality46/100
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Weak Growth
Loss-making · -22.7% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 19/100
Evidence: Medium Range R$1.29 – R$5.90 Share as image

Fair value as of: Jul 17, 2026

From 12 valuation models · updated 24 days ago

Share price −1.7% over the past month.

Below-average quality, screening 44% undervalued on our models.

What matters now

  • The model range is unusually wide (R$1.29 to R$5.90). 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.
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Price vs Fair Value (10 months)

R$3.75 R$2.25 Fair Value R$3.32 Sep 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 17, 2026.

How to read this chart

10‑month range R$2.25 – R$3.75 · fair‑value band R$1.29 – R$5.90 · the R$2.31 price screens below the R$3.32 fair value. As of Jul 17, 2026.

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Analysis

Livetech da Bahia Indústria e Comércio S.A (WDCN3) currently trades at R$2.31, while our model-based Fair Value estimate is R$3.32, implying the stock looks roughly 43.7% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Communication Services 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: medium), always confirm before acting.

Over the trailing twelve months, Livetech da Bahia Indústria e Comércio S.A generated revenue of R$850M at a net margin of -22.7%. Revenue declined 10.3% year over year. It earns a return on equity of -34.0%. Net debt stands at R$444M. Fundamentals as of Jul 17, 2026

Our scenario range runs from R$1.29 (bear case) to R$5.90 (bull case); at R$2.31, the current price sits within 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 44%, WDCN3 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
Growth DCF R$1.87 R$3.56 R$6.08 80
Rev-Margin DCF R$2.27 R$5.75 R$10.04 74
Gordon GGM R$1.32 R$1.41 R$1.55 70
All 12 models by family
DCF Models
FCF DCF R$1.69 R$3.50 R$6.40 38
5Y Revenue Exit R$2.27 R$5.56 R$10.34 39
5Y EBITDA Exit R$1.82 R$4.78 R$8.70 41
10Y Revenue Exit R$1.78 R$3.92 R$6.19 36
10Y EBITDA Exit R$1.72 R$3.51 R$5.37 37
Dividend Discount
Gordon GGM R$1.32 R$1.41 R$1.55 70
DDM Multi-Stage R$1.32 R$1.53 R$1.79 61
Multiples
EV/EBITDA R$3.12 R$5.91 R$8.71 54
EV/Revenue R$3.50 R$7.25 R$11.00 43
Asset-Based
NCAV (Graham) R$3.67 R$4.92 R$7.35 50
Growth DCF
Growth DCF R$1.87 R$3.56 R$6.08 80
Rev-Margin DCF R$2.27 R$5.75 R$10.04 74

Widest divergence: Multiples (R$5.91) versus Dividend Discount (R$1.41). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) R$850M
Revenue growth (YoY) -10.3%
Net margin -22.7%
Return on equity -34.0%
Free cash flow R$61.0M FY2025
Operating margin 10.4%
More key figures
EPS (TTM) R$-3.07
Net debt R$444M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 44 · Market factors (momentum, volatility) 32

Profitability 17
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 85
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

Livetech da Bahia Indústria e Comércio S.A., together with its subsidiaries, provides technology-as-a-service solutions and services in Brazil and internationally. It operates through Telecom, Solar, and Enterprise segments.

Full company description

Livetech da Bahia Indústria e Comércio S.A., together with its subsidiaries, provides technology-as-a-service solutions and services in Brazil and internationally. It operates through Telecom, Solar, and Enterprise segments. The company offers telecommunication products and services, including operators and internet service providers; fixed broadband solutions, such as fiber to the home gigabit passive optical network/ethernet passive optical network access networks, dense wavelength division multiplexing transmission, fiber-optic cables, optical distribution network, and fusion and optical measurement tools and equipment; data center services comprising network infrastructure, energy and climatization, intrusion alarm, access control, and fire detection and alarm; network and Wi-Fi solutions, which includes routers and data security, and wireless network equipment; and critical and solar energy systems. It also distributes solar energy systems, such as managers, power, and fixation structures, photovoltaic modules, inverters, string boxes, structures, cables and connectors, and batteries and off-grid inverter systems. In addition, the company provides corporate solutions for data network, information security, energy systems and critical infrastructure, telephony and collaboration, building automation, and electronic security; LED panels; professional audio and video solutions; smart home and home cinema products; and other solar energy-related systems. Further, it offers TaaS solutions comprising datacenter infrastructure, events audio visual, corporate wi-fi network, information security, LED panels, GPON, access control, office automation, unified telephony system, DWDM, building automation, and electronic security. The company serves education, entertainment, industry, health, telecommunications, transportation, and retail industries. The company was founded in 2003 and is headquartered in Ilhéus, Brazil.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Livetech da Bahia Indústria e Comércio S.A reported revenue of R$872M in FY2025 versus R$1.1B in FY2021, a compound −4.9%/yr. Reported net income was −R$192M in FY2025.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
R$872M
Latest YoY
+4.1%
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.
−6.6%
Revenue −4.9%/yr
FY21 R$1.1B
FY22 R$1.1B
FY23 R$901M
FY24 R$838M
FY25 R$872M
Net income
FY21 R$72.5M
FY22 R$23.2M
FY23 −R$11.9M
FY24 R$28.7M
FY25 −R$192M

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Cite: Fair Value Calculator (2026). "Livetech da Bahia Indústria e Comércio S.A Fair Value". https://www.fairvalue-calculator.com/stock/WDCN3

Peer Group

Telecom Services · 250 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 +44% · Above median
Return on assets -7% · Bottom 25%
Net margin (TTM) -23% · Bottom 25%
Operating margin (TTM) 10% · Above median
Revenue growth -10% · Bottom 25%
Debt / equity 0.77× · Higher than median

Valuation Multiples vs Telecom Services median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 0.5× · 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 92 · sector 29
FUTURE 0 · sector 15
PAST 0 · sector 28
HEALTH 62 · sector 88
DIVIDEND 0 · sector 73

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 Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

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Frequently asked questions

Is Livetech da Bahia Indústria e Comércio S.A (WDCN3) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of R$3.32 versus a price of R$2.31, about +44% (undervalued).
What is the fair value of WDCN3?
Our model-based fair value for Livetech da Bahia Indústria e Comércio S.A is R$3.32 (as of Jul 17, 2026), built from audited fundamentals. The current price is R$2.31.
What is the quality score of WDCN3?
Livetech da Bahia Indústria e Comércio 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 Livetech da Bahia Indústria e Comércio S.A (WDCN3)?
Livetech da Bahia Indústria e Comércio S.A reported trailing-twelve-month revenue of about R$850M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of WDCN3?
The net profit margin of Livetech da Bahia Indústria e Comércio S.A is about -22.7%, meaning it is currently running at a net loss. 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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