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Basic Materials

BRADESPAR S/A

BRAP4 — BRADESPAR S/A

CNPJ 03.847.461/0001-92 · listed classes: BRAP4, BRAP3 · CVM code 18724

Participação como sócia ou acionista de outras Sociedades.As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Emp. Adm. Part. - Extração Mineral

Nível 1 de Governança Corporativalisting segment
2000founded
São Paulo · SPheadquarters
Privado Holdingcontrol
Banco Bradesco S.A.share registrar
Baker Tilly 4Partners Auditores Independentes Ltda.auditor
bradespar.cominvestor site
R$ 41.4 mavg. daily traded value (63 sessions)

Verdict

ROIC 6.0%; P/E 15.9 against 12.0 for the sector; 2025 data, no relevant restatement.

Confidence flag: Incomplete or flagged snapshot

Data for fiscal year 2025, received by the CVM on 2026-03-27; 3 of the 5 core figures published; last restatement recorded in 2016.

Does the company make money?

Is it sound or indebted?

Is the share expensive or cheap relative to the sector and its own history?

Descriptive: number, numeric band and comparison with the sector, the company's own history and the whole universe. Not investment advice. JSON · how the verdict works

Follow BRAP4: get an e-mail when profit turns into loss, debt or margin change band, or the statements are restated. That is all, and you can cancel in one click. See every event already recorded for BRAP4.

Quote

R$ 20.24close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m -7.8% · 12m +17.9% · YTD +1.7% · 52-week R$ 16.91–25.49

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, monthly, since the start · return -47.9% (-3.8% a year) · not split-adjustedR$ 20.24 2026-09-25
high 2021-06-30: R$ 74.33low 2016-01-29: R$ 3.322026-09-25: R$ 20.24
2010low R$ 3.32 · high R$ 74.332026

Return by window

1 month3 months1 year2 years5 years10 years
Price-7.8%-9.3%+17.9%+5.3%-62.1%+103.6%
With dividends reinvested-7.8%-9.3%+32.5%+32.9%-18.6%+478.0%
Real, net of inflation (IPCA to 08/2026)-7.7%-9.1%+27.7%+21.8%-36.8%+258.9%
R$ 1,000 would be worthR$ 922R$ 907R$ 1,325R$ 1,329R$ 814R$ 5,780

Closing prices from the base up to 2026-09-25. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.

Corporate actions

last day with rightseventmultipliercheck
2021-09-20bonus issue inferred1.13× sharesnot checked
2021-09-20bonus issue inferred1.13× sharesnot checked
2005-04-29stock split inferred2.00× sharesnot checked
2005-04-29stock split inferred2.00× sharesnot checked
2004-07-02reverse split inferred0.00× sharesnot checked
2004-07-02reverse split inferred0.00× sharesnot checked

Why the price chart jumps: prices are not split-adjusted. Inferred means detected from the share count and the price, not announced in the exchange file.

Valuation

Today

R$ 8.0 bnmarket value
close of 2026-09-25 × sharesprice × shares outstanding
R$ 7.9 bnenterprise value
+ net debt 2025market value + net debt
R$ 19.46BVPS 2025
book value per shareshareholders' equity ÷ shares
13.6P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
0.99P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
7.0%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
11.9P/FCO 2025
FCO R$ 670 mmarket value ÷ operating cash flow
393.1 mshares outstanding !latest public count, treasury excluded

Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2025 annual filing. The multiples below are point-in-time: priced on the day the filing became public. share count caveat

At the filing date (point-in-time)

15.9P/E 2025
price of 2026-03-27 · sector 12.0 · 10 cos. · 9th of 11price ÷ earnings per share for the year
1.1P/B 2025
price of 2026-03-27 · sector 1.2 · 9 cos. · 5th of 10price ÷ book value per share
6.8%ROE 2025
sector 5.7% · 25 cos. · 12th of 26net income to controlling ÷ average equity
6.0%ROIC 2025
sector 7.8% · 15 cos. · 13th of 16EBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included — /metodologia/roic
P/E, P/B and EV/EBITDA use the price of 2026-03-27 (R$ 22.15), the first one after the 2025 filing became public on 2026-03-27 — point-in-time, not the 31 December price. 5 caveats

By theme, fiscal year 2025

Valuation

P/EBIT todaymarket value ÷ EBIT16.86×
EV/EBIT todayenterprise value ÷ EBIT16.82×
Earning yield todaynet income ÷ market value (the inverse of P/E)6.9%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity-0.00×
Dívida bruta/PLshort- and long-term borrowings ÷ equity0.00×
PL/Ativosequity ÷ total assets0.96×
Passivos/Ativos(total assets − equity) ÷ total assets0.04×
Liquidez correntecurrent assets ÷ current liabilities1.62×

Profitability

ROEnet income to controlling ÷ average equity6.8%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included6.0%
ROAnet income ÷ total assets6.6%
Giro do ativonet revenue ÷ total assets0.00×

Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.

Indicators, year by year

Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.

Fact checklist 4 of 9

Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.

ROE6.8%! 2025
2010: 26.0% — pl_final_sem_media2011: 26.2%2012: 5.3%2013: -0.5%2014: 1.1%2015: -30.7%2016: 8.0%2017: 27.9%2018: 12.7%2019: -4.1%2020: 14.1%2021: 86.1%2022: 49.8%2023: 24.8%2024: 14.6% — lucro_total_sem_minoritarios;base_contabil_mudou2025: 6.8% — lucro_total_sem_minoritarios
20102025
ROIC6.0% 2025
2010: 20.8% — capital_final_sem_media2011: 22.4%2012: 5.5%2013: 0.1% — aliq_fallback_342014: 0.4% — aliq_fallback_342015: -17.5% — aliq_fallback_342016: 9.1%2017: 29.3%2018: 13.2%2019: -2.8% — aliq_fallback_342020: 14.1%2021: 87.1%2022: 51.1%2023: 25.0%2024: 14.4%2025: 6.0%
20102025
Point-in-time P/E15.9x! 2025
2011: 6.1x — acoes_do_fre_sem_tesouraria;acoes_defasadas2012: 19.2x — acoes_do_fre_sem_tesouraria;acoes_defasadas;sem_ebitda;sem_capex2013: -140.2x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo;sem_ebitda;sem_capex2014: 38.9x — acoes_do_fre_sem_tesouraria;acoes_defasadas;sem_ebitda;sem_capex2015: -0.8x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo;sem_ebitda;sem_capex2016: 11.6x — acoes_do_fre_sem_tesouraria;acoes_defasadas;sem_ebitda;sem_capex2017: 4.8x — acoes_do_fre_sem_tesouraria;acoes_defasadas;sem_ebitda;sem_capex2018: 8.9x — acoes_do_fre_sem_tesouraria;acoes_defasadas;sem_ebitda;sem_capex2019: -24.5x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo;sem_ebitda2020: 14.7x — acoes_escala_milhares;sem_ebitda;sem_capex2021: 1.6x — acoes_escala_milhares;sem_ebitda;sem_capex2022: 2.7x — acoes_escala_milhares;sem_ebitda2023: 4.2x — acoes_escala_milhares;sem_ebitda2024: 6.0x — pl_total_sem_minoritarios;acoes_escala_milhares;lucro_total_sem_minoritarios;sem_ebitda2025: 15.9x — pl_total_sem_minoritarios;acoes_escala_milhares;lucro_total_sem_minoritarios;sem_ebitda;sem_capex
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶26.0%!26.2%5.3%-0.5%1.1%-30.7%8.0%27.9%12.7%-4.1%14.1%86.1%49.8%24.8%14.6%!6.8%!5.7%
ROIC ⟶20.8%!22.4%5.5%0.1%!0.4%!-17.5%!9.1%29.3%13.2%-2.8%!14.1%87.1%51.1%25.0%14.4%6.0%7.8%
ROA ⟶12.5%!16.2%4.4%-0.4%0.9%-25.5%6.3%21.6%10.8%-3.9%13.7%85.7%47.7%23.8%14.5%!6.6%2.6%
Gross margin59.4%———————————————21.3%
EBIT margin50.8%———————————————6.4%
Net margin36.8%———————————————3.6%
Revenue growth (1y)————————————————4.3%
Revenue growth (5y CAGR)————————————————10.0%
Net debt/EBITDA0.89x0.27x——————————————1.15x
Current ratio ⟶1.75x0.94x0.87x33.39x0.78x11.02x7.88x0.72x1.23x1.76x11.80x5.89x1.11x4.40x2.97x1.62x2.06x

In reais, year by year

The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.

line20102011201220132014201520162017201820192020202120222023202420252T26TTM
Income statement
Net revenue (R$ bn)4.80.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Cost of goods and services (R$ bn)-2.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Gross profit (R$ bn)2.90.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
EBITDA (R$ bn)2.82.2————————————————
Depreciation and amortization (R$ m)3330————————————————
EBIT (operating result) (R$ bn)2.52.20.60.00.1-2.50.82.61.2-0.41.58.03.61.81.10.50.20.5
Pre-tax profit (R$ bn)2.22.10.5-0.0-0.0-2.60.62.51.2-0.41.58.13.71.91.20.50.30.6
Income taxes (R$ m)-434-63-32-1131-13-21-182-8-000000004
Net income (R$ bn)1.82.00.5-0.00.1-2.60.62.31.2-0.41.58.13.71.91.20.50.30.6
Net income (controlling) (R$ bn)1.82.00.5-0.00.1-2.60.62.31.2-0.41.58.13.71.91.20.50.30.6
Balance sheet
Total assets (R$ bn)14.310.711.110.910.69.710.311.310.610.111.37.68.17.98.68.08.18.1
Current assets (R$ bn)4.40.70.91.10.90.41.81.80.60.60.40.30.60.20.40.60.30.3
Current liabilities (R$ bn)2.50.81.00.01.20.00.22.50.50.30.00.10.60.10.10.30.00.0
Gross debt (short + long term) (R$ bn)3.40.81.01.01.21.31.51.70.20.20.00.00.00.00.00.00.00.0
Cash and investments (R$ bn)1.00.30.30.30.30.41.81.70.50.20.10.30.40.20.30.00.30.3
Net debt (R$ bn)2.50.60.70.80.91.0-0.20.0-0.20.0-0.1-0.3-0.4-0.2-0.3-0.0——
Shareholders' equity (R$ bn)7.08.79.39.08.97.97.98.810.09.611.37.57.57.88.57.68.08.0
Cash flow
Operating cash flow (R$ bn)2.10.60.60.40.60.40.1-0.1-0.80.11.04.31.31.00.80.7——
Capital expenditures (R$ bn)-1.4-0.0———————-0.0——-0.0-0.0-0.0———
Free cash flow (FCO + capex) (R$ bn)0.70.6———————0.1——1.31.00.8———

The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the last 12 months (TTM) built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.

The current year, quarter by quarter

As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.

quarterrevenue (R$ m)profit (R$ m)net marginP/E TTMP/Bfiled on
2024T1!0.0343.1—5.30.952024-05-14
2024T2!0.0535.5—3.90.852024-08-13
2024T3!0.0400.6—3.80.792024-11-13
2025T1!0.0318.3—5.70.762025-05-14
2025T2!0.0450.0—5.90.722025-08-13
2025T3!0.0448.0—6.40.792025-11-13
2026T1!0.0553.5—11.51.152026-05-14
2026T2!0.0252.3—13.71.002026-08-13

Full series, every quarter: GET /empresas/BRAP4/trimestres

Dividends

No ex-date or payment scheduled in the base (exchange announcements through 2026-09-21 · filings to the regulator through 2026-09-18).

The latest dividend by BRAP4 was a JCP of R$ 0.6753 per share (record date 2025-12-17, payment 2026-03-13). In the last 12 months: 4 payments adding up to R$ 2.3571 per share. Average yield of the last 5 full years: 19.6%.

typerecord dateex-datepaymentper share
JCP2025-12-172025-12-182026-03-13R$ 0.6753
dividend2025-12-172025-12-182026-03-13R$ 0.2102
dividend2025-12-172025-12-182025-12-30R$ 0.6569
JCP2025-11-122025-11-132025-11-24R$ 0.8146
dividend2025-04-252025-04-28—R$ 0.9197
JCP2024-12-192024-12-20—R$ 0.2102
JCP2024-11-122024-11-13—R$ 0.8987
dividend2024-04-292024-04-30—R$ 0.3679
dividend2024-04-292024-04-30—R$ 0.8146
JCP2023-11-212023-11-22—R$ 1.1825
dividend2023-11-212023-11-22—R$ 0.6044
dividend2023-04-272023-04-28—R$ 1.2350
JCP2022-12-262022-12-27—R$ 0.1708
JCP2022-11-092022-11-10—R$ 0.7095
dividend2022-11-092022-11-10—R$ 0.8146
dividend2022-04-292022-05-02—R$ 1.5767
dividend2021-12-162021-12-17—R$ 6.0439
dividend2021-07-152021-07-16—R$ 1.7808
JCP2021-03-312021-04-01—R$ 0.7272
dividend2021-03-312021-04-01—R$ 2.7157
JCP2020-11-112020-11-12—R$ 0.8607
dividend2020-11-112020-11-12—R$ 1.1427
JCP2019-12-272019-12-30—R$ 0.7993
JCP2019-04-302019-05-02—R$ 0.4667

Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.

Record dates in the last 5 years, by month: JanFebMarApr5MayJunJulAugSepOctNov6Dec6

Per year

yearper sharepaymentsyield
2025R$ 3.2768516.5%
2024R$ 2.2914413.8%
2023R$ 3.0219311.8%
2022R$ 3.2716411.0%
2021R$ 11.2675445.1%
2020R$ 2.003423.1%
2019R$ 1.394233.6%
2018R$ 1.929126.1%
2017R$ 1.428225.0%
2016R$ 0.111010.7%

Yield per year = the year's dividends over the close of its last session; the current year is partial.

Shareholders and free float

71.54%free float
281,213,874 sharesshares outstanding held by the market, as filed in the FRE
172,498shareholders
163,024 individuals · 9,139 companies · 335 institutionalcount at the last shareholders meeting, from the FRE
Cidade de Deus Cia. Cial. de Participações +3controlling shareholder
as declared in the FREshareholders the company marks as controlling
80% ONtag along (minimum)
Nível 1 de Governança Corporativaminimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
Cidade de Deus Cia. Cial. de Participações ctrlPJ36.74%0.13%12.98%
NCF Participações S.A. ctrlPJ24.87%0.99%9.37%
Grantham, Mayo, Van Otterloo & Co LLCPJ0.00%9.84%6.38%
Fundação Bradesco ctrlPJ14.88%0.00%5.22%
BlackRock, Inc.PJ0.00%5.27%3.42%
Fundo de Investimento Geração Futuro LPARPJ0.00%5.12%3.33%
Nova Cidade de Deus Participações S.A. ctrlPJ1.37%0.00%0.48%
Others (market)———58.81%
Treasury shares———0.00%

Direct holdings from the reference form (FRE) filed on 2026-08-12, version 2. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filedcategorysubjectdocument
2026-09-16Dados Econômico-Financeiros · Press-releaseBoletim Quinzenalopen
2026-09-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-09-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-09-01Dados Econômico-Financeiros · Press-releaseBoletim Quinzenal Bradesparopen
2026-08-19Reunião da Administração · Conselho FiscalParecer acerca das Demonstrações Financeirasopen
2026-08-17Dados Econômico-Financeiros · Press-releaseBoletim Quinzenal Bradesparopen
2026-08-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-08-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-08-03Dados Econômico-Financeiros · Press-releaseBoletim Quinzenal Bradesparopen
2026-07-16Dados Econômico-Financeiros · Press-releaseBoletim Quinzenal Bradesparopen

The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.

Piotroski F-Score 4/9 (2025) — what each criterion means.

Restated filings for this company

The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.

fiscal yearaccountfirst filingrestated
2010BPA 114,281.38,518.7
2010BPP 214,281.38,518.7
2010DRE 3.014,831.3no value in the file
2010BPA 1.014,365.6489.1
2010DRE 3.032,871.7no value in the file
2010BPP 2.02.012,317.4no value in the file
2010DRE 3.02-1,959.6no value in the file
2010DFC_MI 6.012,101.5353.8

Every restatement of this company, year by year

This company appears in

Compare

Side by side, with each figure's caveat and how often each company restated its filings.

BRAP4 × VALE3 · BRAP4 × SUZB3 · BRAP4 × CSNA3 · BRAP4 × GGBR4 · BRAP4 × BRKM5 · BRAP4 × CMIN3

compare with the sector: VALE3 × SUZB3 × GGBR4

Other companies in Basic Materials

31 more with a page, same CVM sector — a classification of the regulator's, not ours.

Take this into your code

Everything on this page is also JSON: GET /empresas/BRAP4/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 4,151 sessions, 2010-01-04 → 2026-09-25 · methodology · how we verify

Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.

Numbers on this page are live. Data version 2026-09-27-reapresentacao-agreg · page generated 2026-09-27 06:47 UTC. If this does not match /saude, you are reading a cached copy.