What was the ROIC of FERTILIZANTES HERINGER S.A. (FHER3) over the last 5 years?

ROIC of FERTILIZANTES HERINGER S.A. (FHER3), clean values (no flag) of the last years with the figure: 2011: 19.6%; 2014: 18.7%; 2016: 9.1%; 2019: -41.3%; 2021: 147.7%. Each figure links to the CVM account it came from at https://dadosb3.com/acoes/FHER3.

Has FERTILIZANTES HERINGER S.A. (FHER3) ever restated its financial statements? In which years?

Yes. The statements for 2010, 2013, 2019, 2023 came back with different figures in the following year's annual filing. Year, account and both values: https://dadosb3.com/acoes/FHER3/reapresentacoes

What is the net debt to EBITDA of FERTILIZANTES HERINGER S.A. (FHER3) in the last filing, and how does it compare with the sector?

Net debt to EBITDA: does not apply — negative or zero EBITDA in the year.

Did FERTILIZANTES HERINGER S.A. (FHER3) have ROIC above 15% and net debt to EBITDA below 2 in the last filing?

Cannot be answered with published figures for 2025: ROIC, net debt/EBITDA not published (flag or not applicable).

What is the P/E of FERTILIZANTES HERINGER S.A. (FHER3) in the last filing, and the date of the price used?

P/E -1.3 for 2025, price of 27/03/2026 — the first session after that year's filing reached the CVM (point-in-time, not the 31 December price).

Dados B3 › Stocks › FHER3

Basic Materials

FHER3 — FERTILIZANTES HERINGER S.A.

CNPJ 22.266.175/0001-88 · listed classes: FHER3 · CVM code 20621

Produção, comercialização e distribuição de fertilizantes, com atuação nacional.As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Petroquímicos e Borracha

Novo Mercadolisting segment

1968founded

Paulínia · SPheadquarters

Privadocontrol

Itaú Unibanco S.A.share registrar

Grant Thornton Auditores Independentes Ltda.auditor

heringer.com.brinvestor site

R$ 0.0 mavg. daily traded value (63 sessions)

Verdict

Net margin -4.2%; negative EBITDA; P/E does not apply (negative profit); 2025 data, with a relevant recent restatement.

Confidence flag: Incomplete or flagged snapshot

Data for fiscal year 2025, received by the CVM on 2026-03-27; 1 of the 5 core figures published; last restatement recorded in 2023.

the 2023 statements were restated with a change of at least 5% in a key account

Does the company make money?

Net margin of -4.2% in 2025; sector median 5.0% (30 companies); the company itself ranged from -25.1% to 55.3% between 2010 and 2025; 20% of the 329 companies in the base are below; negative margin. how we compute it
Return on invested capital (ROIC): does not apply — negative or zero invested capital. how we compute it

Is it sound or indebted?

Net debt to EBITDA: does not apply — negative or zero EBITDA in the year. how we compute it

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

Price to earnings (P/E): does not apply — negative or zero profit in the year. how we compute it
Price to book (P/B): does not apply — negative or zero equity. how we compute it

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

Quote

R$ 2.79close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m -12.3% · 12m -31.4% · YTD -34.2% · 52-week R$ 2.79–4.99

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump

Close, monthly, since the start · return -74.8% (-7.9% a year) · not split-adjustedR$ 2.79 2026-09-25

2010low R$ 1.09 · high R$ 29.082026

Return by window

	1 month	3 months	1 year	2 years	5 years	10 years
Price	-12.3%	-29.9%	-31.4%	-27.9%	-89.8%	+22.4%
With dividends reinvested	-12.3%	-29.9%	-31.4%	-27.9%	-89.8%	+22.4%
Real, net of inflation (IPCA to 08/2026)	-12.2%	-29.7%	-34.0%	-34.0%	-92.1%	-24.0%
R$ 1,000 would be worth	R$ 877	R$ 701	R$ 686	R$ 721	R$ 102	R$ 1,224

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.

Valuation

Today

R$ 150 mmarket value
close of 2026-09-25 × sharesprice × shares outstanding

R$ 118 menterprise value
+ net debt 2025market value + net debt

R$ -24.50BVPS 2025
book value per shareshareholders' equity ÷ shares

-6.8%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months

53.9 mshares outstandinglatest 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.

At the filing date (point-in-time)

-1.3P/E 2025
price of 2026-03-27 · sector 12.0 · 10 cos. · 1st of 11price ÷ earnings per share for the year

-33.1%FCF yield 2025
price of 2026-03-27 · sector 7.9% · 9 cos. · 10th of 10(operating cash flow + capex) ÷ market value

P/E, P/B and EV/EBITDA use the price of 2026-03-27 (R$ 4.01), the first one after the 2025 filing became public on 2026-03-27 — point-in-time, not the 31 December price. 4 caveats

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year	0.04×
EV/Receita todayenterprise value ÷ net revenue	0.03×
Earning yield todaynet income ÷ market value (the inverse of P/E)	-114.6%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity	0.02×
Dívida bruta/PLshort- and long-term borrowings ÷ equity	-0.05×
PL/Ativosequity ÷ total assets	-0.61×
Passivos/Ativos(total assets − equity) ÷ total assets	1.61×
Liquidez correntecurrent assets ÷ current liabilities	0.73×

Efficiency

Margem brutagross profit ÷ net revenue	0.2%
Margem EBITDAEBITDA ÷ net revenue	-4.3%
Margem EBITEBIT ÷ net revenue	-6.5%
Margem líquidanet income ÷ net revenue	-4.2%

Profitability

ROAnet income ÷ total assets	-6.5%
Giro do ativonet revenue ÷ total assets	1.91×

Growth

Receita, 1 anorevenue this year ÷ previous year − 1	-11.1%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years	13.1%

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 2 of 9

✓More than 5 years listed 16.7 years
✗Profit in each of the last 5 fiscal years loss in 2012
✗Never a loss in the base's history loss in 2012
✗Latest-year ROE above 10% —
✓Revenue grew over 5 years (positive CAGR) 13.1%
✗Profit grew over 5 years (positive CAGR) —
✗Gross debt below equity debt = -5% of equity
✗Average yield of the last 5 years at least 5% —
✗Average daily traded value above R$ 10 million R$ 0.0 m/day

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.

ROE-192.0%^! 2023

20102025

ROIC-157.3%^! 2023

20102025

Net margin-4.2% 2025

20102025

Point-in-time P/E-1.3x^! 2025

20102025

Full table

indicator	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	sector
ROE	15.1%^!	14.5%	-0.5%	-7.5%^!	1.8%^!	-97.2%^!	16.1%^!	-55.5%^!	—	—	—	359.7%^!	-33.9%^!	-192.0%^!	—	—	5.7%
ROIC	11.7%^!	19.6%	11.5%^!	13.0%^!	18.7%	5.9%^!	9.1%	2.0%^!	-15.3%^!	-41.3%	69.5%^!	147.7%	-5.8%^!	-157.3%^!	—	—	7.8%
ROA ⟶	3.1%^!	2.8%	-0.1%	-1.1%^!	0.3%	-10.1%	1.4%	-4.3%	-32.7%	38.4%	-11.7%	28.4%	-5.1%	-12.0%	-37.7%	-6.5%	2.9%
Gross margin ⟶	11.8%	12.9%	9.8%	12.0%	12.3%	8.7%	12.3%	9.6%	5.0%	6.6%	14.4%	23.3%	4.3%	0.2%	2.9%	0.2%	22.8%
EBIT margin ⟶	4.8%	6.5%	3.8%	4.1%	4.8%	2.3%	3.8%	0.8%	-5.3%	-12.9%	7.0%	19.6%	-1.0%	-6.9%	-5.5%	-6.5%	6.8%
Net margin ⟶	1.8%	1.4%	-0.0%	-0.6%	0.1%	-5.3%	0.8%	-2.6%	-21.1%	55.3%	-9.0%	15.5%	-2.7%	-6.8%	-25.1%	-4.2%	5.0%
Revenue growth (1y) ⟶	—	33.6%	12.9%	2.2%^!	9.7%	6.0%	-17.6%	-7.8%	-23.0%	-68.0%	87.4%	93.8%	32.2%	-6.0%	-13.6%	-11.1%	4.4%
Revenue growth (5y CAGR) ⟶	—	—	—	—	—	12.4%^!	2.0%^!	-2.0%^!	-7.4%	-27.6%	-18.9%	-3.7%	3.5%	7.7%	31.3%	13.1%	9.8%
Net debt/EBITDA	2.86x	1.73x	3.03x	2.13x	3.07x	8.02x	3.96x	12.66x	—	—	1.47x	0.54x	—	—	—	—	1.15x
Current ratio ⟶	0.91x	0.98x	0.89x	0.87x	0.80x	0.62x	0.67x	0.61x	0.40x	1.51x	1.35x	1.72x	1.51x	1.12x	0.79x	0.73x	2.06x

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.

line	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2T26	TTM
Income statement
Net revenue (R$ bn)	3.5	4.7	5.3	5.4	6.0	6.3	5.2	4.8	3.7	1.2	2.2	4.3	5.7	5.3	4.6	4.1	0.3	3.3
Cost of goods and services (R$ bn)	-3.1	-4.1	-4.8	-4.8	-5.2	-5.8	-4.6	-4.3	-3.5	-1.1	-1.9	-3.3	-5.4	-5.3	-4.5	-4.1	-0.3	-3.3
Gross profit (R$ m)	416	605	520	651	732	552	637	460	186	78	318	999	243	8	132	6	17	-1
EBITDA (R$ m)	212	354	251	268	332	198	250	92	-150	-123	183	870	-26	-322	-191	-176	—	—
Depreciation and amortization (R$ m)	43	48	50	48	48	51	52	53	45	30	28	28	32	47	62	91	—	—
EBIT (operating result) (R$ m)	170	306	201	220	284	147	198	39	-196	-153	155	843	-58	-370	-253	-267	-24	-199
Pre-tax profit (R$ bn)	0.1	0.1	-0.0	-0.1	0.0	-0.5	0.1	-0.2	-0.5	0.9	-0.2	0.7	-0.2	-0.4	-1.0	-0.1	-0.1	-0.2
Income taxes (R$ m)	-27	-31	6	19	-2	179	-17	67	-251	-252	-6	-19	69	31	-132	-109	26	2
Net income (R$ bn)	0.1	0.1	-0.0	-0.0	0.0	-0.3	0.0	-0.1	-0.8	0.7	-0.2	0.7	-0.2	-0.4	-1.2	-0.2	-0.0	-0.2
Net income (controlling) (R$ bn)	0.1	0.1	-0.0	-0.0	0.0	-0.3	0.0	-0.1	-0.8	0.7	-0.2	0.7	-0.2	-0.4	-1.2	-0.2	-0.0	-0.2
Balance sheet
Total assets (R$ bn)	2.0	2.6	3.1	3.0	3.3	3.3	2.9	2.9	1.8	1.6	1.8	2.9	3.0	3.0	3.1	2.1	1.5	1.5
Current assets (R$ bn)	1.2	1.9	2.2	2.0	2.2	1.9	1.6	1.6	1.0	0.8	0.9	2.0	2.3	2.2	2.3	1.3	0.7	0.7
Current liabilities (R$ bn)	1.3	1.9	2.5	2.3	2.8	3.0	2.3	2.7	2.4	0.5	0.7	1.2	1.6	2.0	2.8	1.8	1.1	1.1
Gross debt (short + long term) (R$ bn)	0.8	1.0	1.2	1.0	1.3	1.7	1.1	1.2	1.0	0.2	0.3	0.5	0.0	0.0	0.0	0.1	0.0	0.0
Cash and investments (R$ m)	177	392	470	438	314	70	65	67	20	20	40	31	62	41	98	101	90	90
Net debt (R$ bn)	0.6	0.6	0.8	0.6	1.0	1.6	1.0	1.2	1.0	0.1	0.3	0.5	-0.1	-0.0	-0.1	-0.0	—	—
Shareholders' equity (R$ bn)	0.4	0.5	0.5	0.4	0.4	0.2	0.3	0.2	-0.6	0.0	-0.1	0.5	0.4	0.0	-1.1	-1.3	-1.3	-1.3
Cash flow
Operating cash flow (R$ m)	-150	208	323	-100	26	-364	-194	-121	34	-135	-102	-160	438	111	231	-30	—	—
Capital expenditures (R$ m)	-90	-50	-36	-38	-89	-92	-29	-21	-18	-1	-26	-81	-65	-148	-151	-41	—	—
Free cash flow (FCO + capex) (R$ m)	-240	157	288	-138	-62	-457	-224	-142	17	-136	-128	-241	373	-37	80	-71	—	—

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.

quarter	revenue (R$ m)	profit (R$ m)	net margin	P/E TTM	P/B	filed on
2024T1^!	970.2	-144.2	-14.9%	-0.7	—	2024-05-15
2024T2^!	745.0	-343.0	-46.0%	-0.4	—	2024-07-31
2024T3^!	1,506.3	-9.1	-0.6%	-0.4	—	2024-11-01
2025T1^!	905.1	59.6	6.6%	-0.2	—	2025-05-09
2025T2^!	700.8	-28.9	-4.1%	-0.4	—	2025-08-13
2025T3^!	1,523.4	-13.1	-0.9%	-0.4	—	2025-11-07
2026T1^!	525.3	14.6	2.8%	-1.0	—	2026-05-08
2026T2^!	316.5	-37.2	-11.8%	-0.8	—	2026-08-13

Full series, every quarter: GET /empresas/FHER3/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 FHER3 was a JCP of R$ 0.0600 per share (record date 2008-03-03). In the last 12 months: 0 payments adding up to R$ 0.0000 per share.

type	record date	ex-date	payment	per share
JCP	2008-03-03	2010-01-04	—	R$ 0.0600
JCP	2007-11-27	2010-01-04	—	R$ 0.3100

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.

Per year

year	per share	payments	yield
2008	R$ 0.0600	1	—
2007	R$ 0.3100	1	—

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

Shareholders and free float

10.02%free float
5,397,996 sharesshares outstanding held by the market, as filed in the FRE

6,596shareholders
6,564 individuals · 26 companies · 6 institutionalcount at the last shareholders meeting, from the FRE

Heringer Participações LTDA +1controlling shareholder
as declared in the FREshareholders the company marks as controlling

100% ONtag along (minimum)
Novo Mercadominimum guaranteed by the listing segment or by law; the bylaws may grant more

shareholder	type	% ON	% PN	% total
Heringer Participações LTDA ctrl agreement	PJ	51.48%	0.00%	51.48%
EUROCHEM COMÉRCIO DE PRODUTOS QUÍMICOS LTDA. ctrl	PJ	28.49%	0.00%	28.49%
OCP International Coöperatieve U.A. agreement	PJ	10.00%	0.00%	10.00%
Others (market)	—	—	—	10.02%
Treasury shares	—	—	—	0.00%

Direct holdings from the reference form (FRE) filed on 2026-08-18, version 4. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filed	category	subject	document
2026-09-15	Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada	—	open
2026-09-09	Fato Relevante	Prorrogação para enquadramento da Companhia ao percentual mínimo de ações em circulação no mercado (free float)	open
2026-09-02	Comunicação sobre demandas societárias	Sentença Parcial no âmbito dos Procedimentos Arbitrais	open
2026-09-02	Reunião da Administração · Conselho de Administração	(i) o pedido, pela Companhia, de mediação nos termos do artigo 20-B da Lei nº 11.101, de 9 de fevereiro de 2005\|\|(ii) a requisição, pela Companhia, da tutela de urgência cautelar p	open
2026-09-01	Comunicação sobre demandas societárias	Sentença Parcial no âmbito dos Procedimentos Arbitrais	open
2026-08-31	Fato Relevante	Deferimento Tutela de urgência cautelar	open
2026-08-27	Fato Relevante	Procedimento de Mediação	open
2026-08-13	Dados Econômico-Financeiros · Press-release	Press Release de Resultados 2T26 e 1S26 - Versões Português e Inglês	open
2026-08-13	Dados Econômico-Financeiros · Demonstrações Financeiras Intermediárias	Relatório Revisão Informações Trimestrais 2T26 e 1S26	open
2026-08-13	Comunicado ao Mercado · Apresentações a analistas/agentes do mercado	Apresentação de Resultados 2T26 e 1S26 - Versões Português e Inglês	open

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 year	account	first filing	restated
2019	BPA 1 (individual)	1,579.9	1,599.6
2019	BPP 2 (individual)	1,579.9	1,599.6
2019	BPP 2.03 (individual)	31.4	51.1
2019	DMPL 5.07 (individual)	31.4	51.1
2023	DFC_MI 6.01 (individual)	111.1	128.0
2019	DMPL 5.05 (individual)	653.2	664.6
2019	DMPL 5.05.01 (individual)	653.2	664.6
2019	DRE 3.07 (individual)	905.7	917.1

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.

FHER3 × VALE3 · FHER3 × SUZB3 · FHER3 × CSNA3 · FHER3 × GGBR4 · FHER3 × BRKM5 · FHER3 × CMIN3

compare with the sector: BRKM5 × UNIP6 × CRPG5

Other companies in Basic Materials

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

BALM4 BRAP4 BRKM5 CBAV3 CMIN3 CRPG5 CSNA3 EALT4 FESA4 GGBR4 GOAU4 HAGA4 HETA4 KEPL3 KLBN11 MGEL4 MSPA3 MTSA4 MWET4 NEMO3 NORD3 PATI3 PMAM3 RANI3 SHUL4 SNSY5 SUZB3 TUPY3 UNIP6 USIM5 VALE3

Take this into your code

Everything on this page is also JSON: GET /empresas/FHER3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 4,149 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 12:41 UTC. If this does not match /saude, you are reading a cached copy.