1. Brazil Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Footwear & Accessories
Grendene S.A.

Grendene S.A.

GRND3.SA
Grendene S.A.BR flagB3 S.A.
3.92
BRL
+0.02
- -
3.54BMarket Cap
Grendene S.A.
GRND3.SA
(B3 S.A.)

Recent

price

3.92

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.78
1.64
2.09
2.43
2.48
2.44
0.76
2.5
2.59
2.3
2.1
2.6
2.59
2.48
2.69
2.66
2.76
Revenue per Share
0.35
0.34
0.48
0.48
0.54
0.61
0.23
0.73
0.65
0.91
0.45
0.67
0.63
0.62
0.82
0.71
0.9
Basic EPS, GAAP
0.24
0.03
0.14
0.17
0.41
0.41
0.18
0.45
0.46
0.42
0.05
0.5
0.4
0.68
0.57
0.47
0.43
Free Cash Flow per Basic Share
0.12
0.2
0.31
0.33
0.26
0.29
0.07
0.24
0.21
0.18
0.05
0.74
0.13
1.24
0.24
0.38
0.1
Dividend per Share
1.39
1.36
1.37
1.37
1.37
1.37
0.45
1.36
1.37
1.37
1.37
1.37
1.37
1.36
2.5
3.2
2.5
Book Value per Share
1.84
1.98
2.15
2.26
2.53
2.87
1.07
3.53
3.81
4.41
4.65
4.49
4.77
3.99
4.37
3.38
4.35
Tangible Book Value per Share
902
902
902
901
900
902
2,707
902
901
902
902
902
902
902
902
902
902
Basic Weighted Avg Shares
1,605
1,483
1,882
2,187
2,233
2,203
2,045
2,252
2,333
2,071
1,897
2,343
2,337
2,234
2,427
2,395
2,490
Sales/Revenue/Turnover
12.99
12.34
19.05
18.02
17.44
18.51
20.52
20.3
19.29
26.72
18.15
16.52
10.99
15.14
21.37
11.24
16.9
Operating Margin (%)
28
29
32
37
47
54
58
61
66
77
88
91
94
96
84
100
94
Depreciation Expense
312
305
429
434
490
551
634
661
586
819
405
601
568
558
735
645
811
Net Income, GAAP
5.57
10.24
13.2
13.68
7.56
7.51
5.11
6.13
4.92
13.2
7.62
- -
1.27
5.79
9.54
4.86
6.58
Effective Tax Rate (%)
19.47
20.6
22.79
19.82
21.95
25.02
31.02
29.35
25.09
39.56
21.36
25.66
24.31
24.96
30.3
26.92
32.56
Profit Margin (%)
1,481
1,417
1,310
1,409
1,625
1,554
2,218
2,525
2,563
2,314
2,852
2,677
2,560
2,317
2,613
1,384
2,494
Working Capital
15
13
14
16
72
71
55
34
27
82
80
66
38
22
23
14
14
LT Debt
1,676
1,801
1,954
2,068
2,328
2,617
2,922
3,218
3,465
4,007
4,230
4,094
4,364
3,659
4,041
3,154
4,019
Total Equity
11.35
8.79
15.85
16.19
15.59
14.23
13.56
13.46
12.32
12.16
7.41
- -
5.81
7.69
11.74
6.89
9.97
Return on Invested Capital (%)
26.11
22.96
32.15
33.01
37.19
40.71
46.58
49.5
43.48
59.27
30.13
- -
40.96
41.49
40.31
24.88
36.99
Return on Capital (%)
25.15
24.58
34.84
35.21
39.82
44.77
51.53
53.68
47.55
66.53
32.91
48.81
46.13
45.29
42.16
25.1
35.94
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
65
185
73
LT Borrowings
12
13
13
LT Finance Leases
11
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
902
902
902
Market Capitalization
4,404
4,963
4,960

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,042
3,231
2,912
Cash, Cash Equivalents & STI
1,164
1,614
1,410
Accounts Receivable, Net
1,202
963
808
Inventories
490
472
503
Total Current Liabilities
429
723
418
Payables & Accruals
- -
- -
- -
ST Debt
65
185
73
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.64%
-4.86%
-21.95%
Free Cash Flow
89.19%
194.46%
-18.25%
Net Income, GAAP
5.78%
12.11%
-12.3%
Sales/Revenue/Turnover
1.31%
5.23%
-1.31%
Total Cash Common Dividend
219.07%
460.94%
55.68%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
499
480
749
658
2,427
2025
527
555
516
- -
2,395
2026
496
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.05
0.25
- -
0.82
2025
0.13
0.16
- -
- -
0.71
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
- -
0.24
2025
- -
- -
- -
- -
0.38
2026
0.67
- -
- -
- -
- -
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Business
Grendene S.A. (GRND3.SA) manufactures, develops, distributes and sells plastic and synthetic footwear for men, women, children and babies across multiple segments including fashion, casual, sports and mass market; its principal brands include Melissa, Ipanema, Rider, Grendha, Zaxy, Grendene Kids, Cartago, Pega Forte, Nuar, Lump, Stably, Lello and Zizou. The company also engages in furniture and plastic goods through its Furniture division, involving sales, imports and exports of plastic-based products. Founded in 1971 and headquartered in Sobral, Ceará, Brazil, Grendene operates manufacturing plants primarily in Brazil, exports to over 85 countries and maintains subsidiaries such as Grendene USA Inc, Grendene Argentina SA and MHL Calcados Ltda; it sells via owned stores, franchises like 336 Clube Melissa outlets, web commerce, commercial representatives and distributors, with concept stores in São Paulo, New York, London and Rio de Janeiro. Recent developments include the acquisition and consolidation of GGB, boosting recurring net profit over 200% in Q2 2025 through higher-value online sales; a new share buyback program and subsidiary corporate reorganization announced in November 2025; alienation of its stake in Radar Gestora de Recursos Ltda in August 2025; multiple interim dividend distributions throughout 2025; and a proposed capital increase ahead of its December 2025 extraordinary general meeting.