WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of WLM Participações e Comércio de Máquinas e Veículos S.A BRL 51.25, price BRL 17.79, upside +188.1%, quality 50 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 Oct 2, 2026.
How to read this chart
60‑month range R$16.55 – R$32.31 · fair‑value band R$29.02 – R$65.31 · the R$17.79 price screens below the R$51.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 2, 2026.
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WLM Participações e Comércio de Máquinas e Veículos S.A. engages in the marketing and sale of heavy trucks, road and urban bus chassis, marine, industrial and stationary engines and spare parts under the Scania brand in Brazil. The company provides maintenance services and specialized technical assistance.
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WLM Participações e Comércio de Máquinas e Veículos S.A. engages in the marketing and sale of heavy trucks, road and urban bus chassis, marine, industrial and stationary engines and spare parts under the Scania brand in Brazil. The company provides maintenance services and specialized technical assistance. In addition, it engages in the production, breeding, and sale of beef cattle; and cultivation and sale of grains. Further, it offers stationary equipment and spare parts, and maintenance services related products; rental of Scania-branded motor vehicles, operational leasing, without driver, power generators, machinery and equipment in general for the service, industry, commerce and agricultural sectors, as well as equity holdings. The company was formerly known as WLM Indústria e Comércio S.A. and changed its name to WLM Participações e Comércio de Máquinas e Veículos S.A. in December 2017. The company was incorporated in 1946 and is headquartered in Rio De Janeiro, Brazil. WLM Participações e Comércio de Máquinas e Veículos S.A. operates as a subsidiary of Sajuthá-Rio Participações S.A.
Stock analysis
WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3) currently trades at R$17.79, while our model-based Fair Value estimate is R$51.25, implying the stock looks roughly 65.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of R$62.97 per share, and 22 of the 25 models we run sit above the R$17.79 price.
Bear case: the Dividend Discount group reads lowest at R$9.87, and 3 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: R$29.02 (bear) to R$65.31 (bull), the price of R$17.79 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 50/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
WLM Participações e Comércio de Máquinas e Veículos S.A reported revenue of R$3.0B in FY2025 versus R$1.9B in FY2021, a compound +13.0%/yr. Reported net income was R$86.5M in FY2025, compounding −4.9%/yr from FY2021.
Key figures
Market cap R$648M (≈ $124M) · P/E ratio 8.5 · P/S ratio 0.24 · EPS (TTM) R$2.10 · Dividend yield 5.0% · Net margin 2.9% · Return on equity 9.9% · Return on assets (EBIT) 16.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 24% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −12% fair-value upside, at 188%, WLMM3 screens cheaper than that median.
Fair Value models
Bear R$29.02Fair Value R$51.25Bull R$65.31
Price R$17.79 · Upside +188.1%
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$1.59 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. 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.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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.5%
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.
+15.0%
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.
+25.4%
Start year 2020 (pandemic). Over 10 years: +19.8% a year
Revenue growth 21 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.
+7.8%
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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.
+14.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.7%
Dividend (yield on the price)5.0%
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.9.7% vs 28.1%, slowing
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.8% → 6%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Brazil: IMF forecast 3.3% a year to 2030, 5.4% from 2016 to 2025) that is about +4.3% a year for the price.
Compare WLM Participações e Comércio de Máquinas e Veículos 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.Auto & Truck Dealerships · 89 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+188.1% · Top 25%
Profitability
Return on equity (TTM)9.9% · Above median
Return on assets6.5% · Top 25%
Net margin (TTM)2.7% · Above median
Operating margin (TTM)7.9% · Top 25%
Growth and dividend
Revenue growth−7.9% · Bottom 25%
Dividend yield (TTM)5.0% · Above median
Balance sheet
Debt / equity0.28× · Below median
Valuation Multiplesvs Auto & Truck Dealerships 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). "WLM Participações e Comércio de Máquinas e Veículos S.A Fair Value". https://www.fairvalue-calculator.com/stock/WLMM3
Frequently asked questions
Is WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of R$51.25 versus a price of R$17.79, about +188% upside (undervalued).
What is the fair value of WLMM3?
Our model-based fair value for WLM Participações e Comércio de Máquinas e Veículos S.A is R$51.25 (as of Oct 2, 2026), built from audited fundamentals. The current price: R$17.79.
What is the quality score of WLMM3?
WLM Participações e Comércio de Máquinas e Veículos S.A has a Quality Score of 50/100. 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 WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
Our model-based price target is the fair value of R$51.25 (as of Oct 2, 2026) from 25 valuation models. Cautious scenario R$29.02, optimistic scenario R$65.31. It is a calculation from audited fundamentals, not an analyst target.
What is the WLM Participações e Comércio de Máquinas e Veículos S.A stock forecast for 2026?
Our models put fair value at R$51.25, about +188% upside versus a price of R$17.79 (undervalued). Cautious scenario R$29.02, optimistic scenario R$65.31. The calculation is refreshed regularly with new filings.
What is the revenue of WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
WLM Participações e Comércio de Máquinas e Veículos S.A reported trailing-twelve-month revenue of about R$2.9B (latest available figure, as of Oct 2, 2026).
Does WLM Participações e Comércio de Máquinas e Veículos S.A pay a dividend?
WLM Participações e Comércio de Máquinas e Veículos S.A currently shows a dividend yield of about 5.01% relative to its recent price (as of Oct 2, 2026).
What growth is priced into WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
For today's price to be fair in a discounted-cash-flow model, WLM Participações e Comércio de Máquinas e Veículos S.A would have to grow free cash flow by +7.7 % per year for five years (discount rate 15.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.4 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of WLMM3 use?
Our models discount WLM Participações e Comércio de Máquinas e Veículos S.A at 15.7 %: a base by market capitalisation (micro), country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For WLM Participações e Comércio de Máquinas e Veículos S.A that is +7.7 % per year a year over ten years, using the same discount rate (15.7 %) and the same formula as our fair value.
How much growth has WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3) delivered so far?
Over the past 5 years revenue at WLM Participações e Comércio de Máquinas e Veículos S.A grew +25.4 % a year. The price currently implies +7.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into WLM Participações e Comércio de Máquinas e Veículos S.A (+7.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
The free-cash-flow yield on the price is 14.28 %: that much free cash flow WLM Participações e Comércio de Máquinas e Veículos S.A produces per unit of market value. When it exceeds the discount rate of our models (15.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WLM Participações e Comércio de Máquinas e Veículos S.A it is R$51.25 per share (as of Oct 2, 2026), against a price of R$17.79. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is WLM Participações e Comércio de Máquinas e Veículos S.A stock overvalued or undervalued in 2026?
As of Oct 2, 2026, WLMM3 trades below its calculated fair value: price R$17.79, fair value R$51.25, a gap of about +188% (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 WLMM3?
No. The price is what the market pays today (R$17.79); the fair value is what the company's own numbers justify (R$51.25). For WLM Participações e Comércio de Máquinas e Veículos S.A the two are R$33.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is WLM Participações e Comércio de Máquinas e Veículos S.A worth?
The market values WLM Participações e Comércio de Máquinas e Veículos S.A at about R$648M (market capitalisation, as of Oct 2, 2026). Per share that is R$17.79; our models calculate a fair value of R$51.25 per share.
What do the bullish and bearish scenarios say about WLMM3?
Our models span a range for WLM Participações e Comércio de Máquinas e Veículos S.A: cautious scenario R$29.02, base R$51.25, optimistic R$65.31 per share (as of Oct 2, 2026, price R$17.79). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WLMM3?
WLM Participações e Comércio de Máquinas e Veículos S.A trades at a price-to-earnings ratio of 8.5 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$51.25 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.2, EV/EBITDA 4.0.
How solid is the balance sheet of WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
Balance-sheet figures for WLM Participações e Comércio de Máquinas e Veículos S.A (as of Oct 2, 2026): return on equity 9.9%, debt of 0.28 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is WLMM3 from its 52-week high?
WLM Participações e Comércio de Máquinas e Veículos S.A trades at R$17.79, about 24% below its 52-week high of R$23.42 and 7% above the low of R$16.56 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of R$51.25 is for.
Which stocks are comparable to WLM Participações e Comércio de Máquinas e Veículos S.A?
From the same area (Consumer Cyclical) we also value Carvana Co, Penske Automotive Group, D'Ieteren Group, Hotai Motor Co, 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 WLM Participações e Comércio de Máquinas e Veículos S.A stock attractive at the current price?
The data as of Oct 2, 2026: price R$17.79, calculated fair value R$51.25 (+188%), Quality Score 50/100, from 25 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 WLMM3 calculated?
We run WLM Participações e Comércio de Máquinas e Veículos S.A through 25 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$51.25, 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 14.9 % above its aggregate fair value. WLM Participações e Comércio de Máquinas e Veículos S.A currently trades 65 % 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 WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
The closing price on Oct 2, 2026 was R$17.79. Our model-based fair value is R$51.25, about +188% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WLM Participações e Comércio de Máquinas e Veículos S.A right now?
The price is below even our cautious bear case (R$29.02). The market is more pessimistic than our downside scenario. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (R$29.02 to R$65.31) leaves room in how you read the outcome.
Key figures of WLM Participações e Comércio de Máquinas e Veículos S.A
How large is the market capitalisation of WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
The market capitalisation of WLM Participações e Comércio de Máquinas e Veículos S.A is R$648M (≈ $124M). 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 WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
The price-to-sales ratio of WLM Participações e Comércio de Máquinas e Veículos S.A is 0.24 (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 WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
Earnings per share at WLM Participações e Comércio de Máquinas e Veículos S.A are R$2.10 (price ÷ EPS = P/E 8.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
The dividend yield of WLM Participações e Comércio de Máquinas e Veículos S.A is 5.0% (payout 42.4%). 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 WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
The net margin of WLM Participações e Comércio de Máquinas e Veículos S.A is 2.9% (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 WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
The return on equity (ROE) of WLM Participações e Comércio de Máquinas e Veículos S.A is 9.9% (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 WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
On an EBIT basis the return on assets of WLM Participações e Comércio de Máquinas e Veículos S.A is 16.2% (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 WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
The operating margin of WLM Participações e Comércio de Máquinas e Veículos S.A is 7.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
Revenue at WLM Participações e Comércio de Máquinas e Veículos S.A is growing −7.9% versus a year earlier (3y avg +15.0%). 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 WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3)?
Earnings per share at WLM Participações e Comércio de Máquinas e Veículos S.A are growing −3.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does WLM Participações e Comércio de Máquinas e Veículos S.A (WLMM3) carry?
The net debt of WLM Participações e Comércio de Máquinas e Veículos S.A is R$328M (fiscal year 2025, ≈ 3.5 yrs of FCF). 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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