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Basic Materials

PANATLANTICA SA

PATI3 — PANATLANTICA SA

CNPJ 92.693.019/0001-89 · listed classes: PATI3, PATI4 · CVM code 94

Industrialização e Comercialização de Aços Planos.As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Metalurgia e Siderurgia

Básicolisting segment
1967founded
Gravataí · RSheadquarters
Privadocontrol
Itau Corretora de Valores SAshare registrar
BDO Rcs Auditores Independentes - Sociedade Simples Limitadaauditor
www:panatlantica.com.brinvestor site
R$ 0.1 mavg. daily traded value (63 sessions)

Verdict

Net margin 2.6%; ROIC 7.3%; net cash; P/E 16.8 against 12.0 for the sector; 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; 5 of the 5 core figures published; last restatement recorded in 2024.

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 PATI3: 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 PATI3.

Quote

R$ 28.00close of 2026-09-21 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m -1.1% · 12m -40.4% · YTD -4.1% · 52-week R$ 27.50–47.00

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, daily, year to date · return -4.8% · not split-adjustedR$ 28.00 2026-09-21
high 2026-08-17: R$ 38.70low 2026-08-12: R$ 27.502026-09-21: R$ 28.00
2026low R$ 27.50 · high R$ 38.702026

Return by window

1 month3 months1 year2 years5 years10 years
Price-1.1%-20.0%-40.4%+5.7%-60.0%+156.9%
With dividends reinvested-1.1%-6.1%-25.3%+42.9%-35.6%+368.6%
Real, net of inflation (IPCA to 08/2026)-0.9%-5.9%-28.1%+30.8%-50.0%+187.3%
R$ 1,000 would be worthR$ 989R$ 939R$ 747R$ 1,429R$ 644R$ 4,686

Closing prices from the base up to 2026-09-21. 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
2021-08-03bonus issue inferred1.31× sharesnot checked
2021-08-03bonus issue inferred1.31× sharesnot checked
2005-09-30reverse split inferred0.03× sharesnot checked
2005-09-30reverse split inferred0.03× 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$ 670 mmarket value
close of 2026-09-21 × sharesprice × shares outstanding
R$ 639 menterprise value
+ net debt 2025market value + net debt
R$ 2.08EPS 2025
profit per sharenet income for the year ÷ shares
R$ 31.01BVPS 2025
book value per shareshareholders' equity ÷ shares
13.4P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
0.86P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
6.4%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
2.6%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
3.1P/FCO 2025
FCO R$ 218 mmarket value ÷ operating cash flow
3.7P/FCF 2025
FCF R$ 181 mmarket value ÷ (operating cash flow + capex)
23.9 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)

16.8P/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
7.9EV/EBITDA 2025
price of 2026-03-27 · sector 6.1 · 9 cos. · 9th of 10enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
21.6%FCF yield 2025
price of 2026-03-27 · sector 7.9% · 9 cos. · 2th of 10(operating cash flow + capex) ÷ market value
6.6%ROE 2025
sector 4.3% · 24 cos. · 12th of 25net income to controlling ÷ average equity
7.3%ROIC 2025
sector 7.8% · 15 cos. · 10th 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$ 35.00), the first one after the 2025 filing became public on 2026-03-27 — point-in-time, not the 31 December price. 1 caveat

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year0.35×
EV/Receita todayenterprise value ÷ net revenue0.33×
P/EBITDA todaymarket value ÷ EBITDA6.54×
P/EBIT todaymarket value ÷ EBIT7.88×
EV/EBIT todayenterprise value ÷ EBIT7.51×
Earning yield todaynet income ÷ market value (the inverse of P/E)7.4%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity-0.04×
Dívida bruta/PLshort- and long-term borrowings ÷ equity0.43×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year-0.30×
PL/Ativosequity ÷ total assets0.52×
Passivos/Ativos(total assets − equity) ÷ total assets0.48×
Liquidez correntecurrent assets ÷ current liabilities2.08×

Efficiency

Margem brutagross profit ÷ net revenue11.0%
Margem EBITDAEBITDA ÷ net revenue5.3%
Margem EBITEBIT ÷ net revenue4.4%
Margem líquidanet income ÷ net revenue2.6%

Profitability

ROEnet income to controlling ÷ average equity6.6%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included7.3%
ROAnet income ÷ total assets3.3%
Giro do ativonet revenue ÷ total assets1.36×

Growth

Receita, 1 anorevenue this year ÷ previous year − 1-8.6%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years6.1%
Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only)-22.9%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)-16.0%

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 6 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.

ROE6.6% 2025
2010: 14.1% — pl_final_sem_media2011: 8.9%2012: 9.3%2013: 28.5%2014: 5.3%2015: 3.6%2016: 4.6%2017: 5.1%2018: 16.8%2019: 4.2%2020: 35.4%2021: 40.2%2022: 6.6%2023: 1.6%2024: 10.5%2025: 6.6%
20102025
ROIC7.3% 2025
2010: 12.4% — capital_final_sem_media2011: 5.9%2012: 9.3%2013: 28.0%2014: 5.1%2015: 4.2%2016: 5.6%2017: 7.0%2018: 12.8%2019: 5.6%2020: 30.3%2021: 35.1%2022: 7.0%2023: 3.7% — aliq_travada_452024: 11.3%2025: 7.3%
20102025
Net margin2.6% 2025
2010: 5.3%2011: 3.6%2012: 4.1%2013: 8.7%2014: 2.1%2015: 1.7%2016: 2.2%2017: 2.1%2018: 6.0%2019: 1.7%2020: 12.7%2021: 11.0%2022: 2.4%2023: 0.7%2024: 4.0%2025: 2.6%
20102025
Point-in-time P/E16.8x! 2025
2020: 3.7x — acoes_escala_milhares2021: 6.1x — acoes_escala_milhares2022: 19.3x — acoes_escala_milhares2023: 53.3x — acoes_escala_milhares2024: 7.7x — acoes_escala_milhares2025: 16.8x — acoes_escala_milhares
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶14.1%!8.9%9.3%28.5%5.3%3.6%4.6%5.1%16.8%4.2%35.4%40.2%6.6%1.6%10.5%6.6%4.3%
ROIC ⟶12.4%!5.9%9.3%28.0%5.1%4.2%5.6%7.0%12.8%5.6%30.3%35.1%7.0%3.7%!11.3%7.3%7.8%
ROA ⟶7.2%!4.6%4.8%14.0%2.6%1.7%2.1%2.3%7.7%1.9%15.7%17.5%2.9%0.8%5.3%3.3%2.6%
Gross margin ⟶11.7%9.0%11.3%11.2%10.3%12.1%12.7%12.8%12.9%11.8%17.5%18.0%8.1%9.6%12.4%11.0%22.8%
EBIT margin ⟶5.6%2.4%4.2%9.1%3.2%3.5%4.1%4.7%6.6%4.0%16.4%15.6%4.4%3.0%6.1%4.4%6.8%
Net margin ⟶5.3%3.6%4.1%8.7%2.1%1.7%2.2%2.1%6.0%1.7%12.7%11.0%2.4%0.7%4.0%2.6%5.0%
Revenue growth (1y) ⟶—-3.2%2.5%99.1%-1.3%-13.8%7.7%19.0%31.0%-1.5%36.7%85.8%-12.6%-19.4%12.3%-8.6%4.4%
Revenue growth (5y CAGR) ⟶—————10.9%13.3%16.8%7.4%7.3%17.7%31.3%23.4%12.0%15.0%6.1%10.2%
Net debt/EBITDA ⟶-0.84x-4.42x-1.57x0.39x0.70x0.99x0.86x1.29x1.09x0.53x-0.13x0.35x0.19x-0.40x0.16x-0.30x1.15x
Current ratio ⟶2.39x2.48x2.20x2.38x2.17x2.91x2.11x2.98x2.65x3.15x2.60x3.26x2.83x2.54x2.28x2.08x2.01x

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)0.40.40.40.70.70.60.70.81.11.11.42.72.31.92.11.90.51.9
Cost of goods and services (R$ bn)-0.3-0.3-0.3-0.7-0.7-0.6-0.6-0.7-0.9-0.9-1.2-2.2-2.1-1.7-1.8-1.7-0.5-1.7
Gross profit (R$ m)4433428476778710413712425148018818026121169223
EBITDA (R$ m)2310187431303648805224642611469143103——
Depreciation and amortization (R$ m)122678891010101011131517——
EBIT (operating result) (R$ m)219166824222838704223641610356128853194
Pre-tax profit (R$ m)281720692317212577282774418833120773192
Income taxes (R$ m)-8-4-5-4-7-6-6-7-13-10-94-148-32-19-35-27-10-31
Net income (R$ m)20131565161115176418182293561385502061
Net income (controlling) (R$ m)2013156516111517641818229356138550050
Balance sheet
Total assets (R$ bn)0.30.30.30.60.60.60.80.80.91.01.42.01.91.61.61.41.41.4
Current assets (R$ bn)0.20.20.30.40.50.40.50.60.70.71.11.71.61.21.21.01.01.0
Current liabilities (R$ m)9291118174210151254187254225427529557458528471487487
Gross debt (short + long term) (R$ m)665688172200236263276297344398753620406483319274274
Cash and investments (R$ m)85102116144179207232214209317431604599434460350278278
Net debt (R$ m)-19-46-2829223031628828-3214921-2723-31——
Shareholders' equity (R$ m)142159174281306317333350414426605854840841769742779779
Cash flow
Operating cash flow (R$ m)-1469333763612715126139-78329271210218——
Capital expenditures (R$ m)-14-8-18-17-17-32-20-15-10-17-14-22-69-43-44-38——
Free cash flow (FCO + capex) (R$ m)-1539-916203141124110124-100260229166181——

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!459.714.93.2%47.70.752024-05-15
2024T2!493.614.12.9%48.00.742024-08-14
2024T3!599.341.46.9%48.20.712024-11-13
2025T1!529.417.13.2%9.20.992025-05-15
2025T2!472.97.81.7%11.61.272025-08-14
2025T3!494.65.11.0%9.10.992025-11-14
2026T1!471.416.03.4%15.81.042026-05-15
2026T2!538.020.43.8%17.31.112026-08-14

Full series, every quarter: GET /empresas/PATI3/trimestres

Dividends

Next: 2026-12-31 payment · dividend or interest on equity (the filing does not say) R$ 0.4337 filing to the regulator on 2026-04-28

The latest dividend by PATI3 was a dividend of R$ 4.9121 per share (record date 2026-08-17, payment 2026-08-24). In the last 12 months: 3 payments adding up to R$ 7.2748 per share. Average yield of the last 5 full years: 9.6%.

typerecord dateex-datepaymentper share
dividend2026-08-172026-08-182026-08-24R$ 4.9121
dividend2026-04-282026-04-302026-08-24R$ 0.4337
dividend2025-10-202025-10-212025-10-29R$ 1.9290
dividend2025-04-242025-04-28—R$ 0.7914
dividend2024-10-182024-10-21—R$ 1.3765
dividend2024-09-052024-09-06—R$ 5.0141
dividend2024-05-022024-05-17—R$ 0.0448
dividend2023-04-122023-04-17—R$ 0.4831
dividend2022-04-262022-04-27—R$ 2.9111
dividend2021-04-142021-04-16—R$ 2.3724
dividend2020-07-282020-07-29—R$ 0.1794
dividend2019-04-032019-04-09—R$ 0.8313
dividend2018-04-052018-04-26—R$ 0.1901
dividend2017-04-262017-05-09—R$ 0.1591
dividend2016-04-262016-05-02—R$ 0.1148
dividend2015-04-282015-09-03—R$ 0.1861
dividend2014-04-242014-04-28—R$ 0.3038
dividend2013-04-102013-05-16—R$ 0.3496
dividend2012-04-252012-05-29—R$ 0.3081
dividend2011-04-292011-05-03—R$ 0.5193
dividend2010-04-282010-05-19—R$ 0.2269
dividend2009-04-072010-01-07—R$ 0.5061
dividend2008-03-252010-01-07—R$ 0.2888
dividend2007-04-112010-01-07—R$ 0.2261

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: JanFebMarApr4May1JunJulAug1Sep1Oct2NovDec

Per year

yearper sharepaymentsyield
2026R$ 5.3458219.1%
2025R$ 2.720429.3%
2024R$ 6.4355325.2%
2023R$ 0.483111.7%
2022R$ 2.911118.3%
2021R$ 2.372413.4%
2020R$ 0.179410.6%
2019R$ 0.831313.6%
2018R$ 0.190111.3%
2017R$ 0.159111.4%

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

Shareholders and free float

4.78%free float
1,144,052 sharesshares outstanding held by the market, as filed in the FRE
1,049shareholders
950 individuals · 91 companies · 8 institutionalcount at the last shareholders meeting, from the FRE
L. P. AÇOS PARTICIPAÇÕES LTDA.controlling shareholder
as declared in the FREshareholders the company marks as controlling
80% ONtag along (minimum)
Básicominimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
L. P. AÇOS PARTICIPAÇÕES LTDA. ctrl agreementPJ66.67%31.03%65.14%
COMPANHIA SIDERURGICA NACIONAL agreementPJ31.25%0.00%29.92%
SEBASTIÃO ALVES DE MESSIASPF0.42%19.65%1.24%
CENTAURO DO PAMPA CLASSE DE INVESTIMENTO EM AÇÕESPJ0.13%6.32%0.39%
WILMA CARVALHO PONTESPF0.00%6.60%0.28%
AMARO LAFAYETTE NOBRE FORMIGAPF0.00%5.95%0.26%
Others (market)———2.77%
Treasury shares———0.00%

Direct holdings from the reference form (FRE) filed on 2026-05-29, version 1. 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
2026-09-04Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-08-24Reunião da Administração · Conselho de AdministraçãoAprovação ITR 1T2026open
2026-08-18Comunicado ao Mercado · Outros Comunicados Não Considerados Fatos RelevantesAlteração da Data de Pagamento de Distribuição Extraordinária de Dividendosopen
2026-08-13Comunicado ao Mercado · Outros Comunicados Não Considerados Fatos RelevantesAprovação da distribuição extraordinária de dividendos.open
2026-08-13Reunião da Administração · Conselho de AdministraçãoDistribuição extraordinária de dividendos.open
2026-08-05Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-07-08Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-06-02Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-05-27Assembleia · AGODistribuição de dividendos.||Eleição de Membros do Conselho.open
2026-05-15Reunião da Administração · Conselho de AdministraçãoAprovação ITR 1T2026open

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 6/9 (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
2024BPP 2.01528.1548.2
2024BPP 2.03769.1749.0
2024DMPL 5.04-156.1-176.2
2024DMPL 5.07769.1749.0
2010BPA 1278.1282.6
2010BPP 2278.1282.6
2010DMPL 5.03122.1125.1
2010BPP 2.03142.1145.1

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.

PATI3 × VALE3 · PATI3 × SUZB3 · PATI3 × CSNA3 · PATI3 × GGBR4 · PATI3 × BRKM5 · PATI3 × CMIN3

compare with the sector: GGBR4 × CSNA3 × USIM5

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/PATI3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 892 sessions, 2010-01-07 → 2026-09-21 · 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 12:05 UTC. If this does not match /saude, you are reading a cached copy.