PT

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Consumer Cyclical

PBG S/A

PTBL3 — PBG S/A

CNPJ 83.475.913/0001-91 · listed classes: PTBL3 · CVM code 13773

Novo Mercadolisting segment
1977founded
Florianópolis · SCheadquarters
Privadocontrol
Banco Itau S/Ashare registrar
KPMG Auditores Independentes Ltda.auditor
ri.portobello.com.brinvestor site
R$ 0.7 mavg. daily traded value (63 sessions)

Verdict

Net margin -11.2%; ROIC 5.9%; debt 3.4x EBITDA; 2025 data, no relevant restatement.

Confidence flag: Incomplete or flagged snapshot

Data for fiscal year 2025, received by the CVM on 2026-03-30; 3 of the 5 core figures published; last restatement recorded in 2023.

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 PTBL3: 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 PTBL3.

Quote

R$ 1.68close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m +21.7% · 12m -58.9% · YTD -46.7% · 52-week R$ 1.36–4.11

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, daily, 1 year · return -58.9% · not split-adjustedR$ 1.68 2026-09-25
high 2025-10-02: R$ 4.11low 2026-08-19: R$ 1.362026-09-25: R$ 1.68
2025low R$ 1.36 · high R$ 4.112026

Return by window

1 month3 months1 year2 years5 years10 years
Price+21.7%+4.3%-58.9%-65.2%-86.0%-39.6%
With dividends reinvested+21.7%+4.3%-58.9%-65.2%-83.9%-19.0%
Real, net of inflation (IPCA to 08/2026)+21.8%+4.6%-60.4%-68.1%-87.5%-49.7%
R$ 1,000 would be worthR$ 1,217R$ 1,043R$ 411R$ 348R$ 161R$ 810

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
2020-03-20reverse split inferred0.00× sharesnot checked
1997-04-07bonus issue inferred6.00× sharesnot checked
1997-04-07bonus issue inferred6.00× sharesnot checked
1994-06-28reverse split inferred0.00× sharesnot checked
1994-06-28reverse 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$ 237 mmarket value
close of 2026-09-25 × sharesprice × shares outstanding
R$ 1.3 bnenterprise value
+ net debt 2025market value + net debt
R$ -2.07EPS 2025
profit per sharenet income for the year ÷ shares
R$ 0.19BVPS 2025
book value per shareshareholders' equity ÷ shares
-440.5%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
-12.4%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
1.2P/FCO 2025
FCO R$ 203 mmarket value ÷ operating cash flow
3.4P/FCF 2025
FCF R$ 69 mmarket value ÷ (operating cash flow + capex)
141.0 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)

-4.9P/E 2024
price of 2025-03-13 · sector 8.8 · 37 cos. · 1st of 38price ÷ earnings per share for the year
1.4P/B 2024
price of 2025-03-13 · sector 1.2 · 34 cos. · 19th of 35price ÷ book value per share
5.1EV/EBITDA 2024
price of 2025-03-13 · sector 5.4 · 35 cos. · 15th of 36enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
-9.8%FCF yield 2024
price of 2025-03-13 · sector 7.5% · 35 cos. · 34th of 36(operating cash flow + capex) ÷ market value
-146.8%ROE 2025
sector 5.9% · 95 cos. · 92th of 96net income to controlling ÷ average equity
5.9%ROIC 2025
sector 15.2% · 48 cos. · 41th of 49EBIT × (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 2025-03-13 (R$ 3.56), the first one after the 2024 filing became public on 2025-03-13 — point-in-time, not the 31 December price. 2 caveats

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year0.09×
EV/Receita todayenterprise value ÷ net revenue0.51×
P/EBITDA todaymarket value ÷ EBITDA0.74×
P/EBIT todaymarket value ÷ EBIT2.07×
EV/EBIT todayenterprise value ÷ EBIT11.66×
Earning yield todaynet income ÷ market value (the inverse of P/E)-123.2%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity41.46×
Dívida bruta/PLshort- and long-term borrowings ÷ equity48.57×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year3.42×
PL/Ativosequity ÷ total assets0.01×
Passivos/Ativos(total assets − equity) ÷ total assets0.99×
Liquidez correntecurrent assets ÷ current liabilities0.86×

Efficiency

Margem brutagross profit ÷ net revenue35.8%
Margem EBITDAEBITDA ÷ net revenue12.3%
Margem EBITEBIT ÷ net revenue4.4%
Margem líquidanet income ÷ net revenue-11.2%

Profitability

ROEnet income to controlling ÷ average equity-146.8%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included5.9%
ROAnet income ÷ total assets-8.5%
Giro do ativonet revenue ÷ total assets0.75×

Growth

Receita, 1 anorevenue this year ÷ previous year − 18.2%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years14.4%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)12.6%

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 3 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.

ROE-146.8% 2025
2010: 53.1% — pl_final_sem_media2011: 34.2%2012: 62.9%2013: 56.7%2014: 43.6%2015: 22.4%2016: 0.9%2017: 24.5%2018: 41.5%2019: 3.6%2020: 32.7%2021: 55.9%2022: 37.2%2023: -8.2%2024: -27.0%2025: -146.8%
20102025
ROIC5.9%! 2025
2010: 34.3% — capital_final_sem_media2011: 23.4%2012: 37.5%2013: 31.9%2014: 22.3%2015: 13.9%2016: 6.9% — aliq_fallback_342017: 16.6%2018: 21.2%2019: 5.6% — aliq_fallback_342020: 13.5% — aliq_travada_02021: 31.1%2022: 23.2%2023: 7.5% — aliq_fallback_342024: 6.3% — aliq_fallback_342025: 5.9% — aliq_fallback_34
20102025
Net margin-11.2% 2025
2010: 6.3%2011: 4.2%2012: 9.3%2013: 10.9%2014: 9.8%2015: 5.0%2016: 0.2%2017: 6.3%2018: 12.7%2019: 1.2%2020: 9.6%2021: 11.3%2022: 7.0%2023: -1.6%2024: -4.2%2025: -11.2%
20102025
Point-in-time P/E-4.9x! 2024
2011: 12.2x — acoes_do_fre_sem_tesouraria;acoes_defasadas;sem_ebitda;sem_capex2012: 12.1x — acoes_do_fre_sem_tesouraria;acoes_defasadas2013: 7.7x — acoes_do_fre_sem_tesouraria;acoes_defasadas2014: 5.4x — acoes_do_fre_sem_tesouraria;acoes_defasadas2015: 7.3x — acoes_do_fre_sem_tesouraria;acoes_defasadas2016: 206.5x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_extremo2017: 13.7x — acoes_do_fre_sem_tesouraria;acoes_defasadas2018: 6.5x — acoes_do_fre_sem_tesouraria;acoes_defasadas2020: 10.4x — acoes_escala_milhares2021: 5.8x — acoes_escala_milhares2022: 5.7x — acoes_escala_milhares2023: -24.2x — acoes_escala_milhares;pl_negativo2024: -4.9x — acoes_escala_milhares;pl_negativo
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶53.1%!34.2%62.9%56.7%43.6%22.4%0.9%24.5%41.5%3.6%32.7%55.9%37.2%-8.2%-27.0%-146.8%5.9%
ROIC ⟶34.3%!23.4%37.5%31.9%22.3%13.9%6.9%!16.6%21.2%5.6%!13.5%!31.1%23.2%7.5%!6.3%!5.9%!15.2%
ROA ⟶5.7%!4.3%10.3%11.3%9.2%4.2%0.2%5.2%9.3%0.8%6.6%10.3%6.6%-1.2%-3.1%-8.5%3.5%
Gross margin ⟶32.0%31.7%35.4%36.4%37.6%37.4%35.7%40.7%38.5%32.5%34.6%43.3%43.0%39.0%35.9%35.8%37.7%
EBIT margin ⟶13.6%11.3%16.5%16.6%16.6%12.7%7.5%14.6%23.2%6.7%8.7%15.1%14.3%6.2%5.4%4.4%11.1%
Net margin ⟶6.3%4.2%9.3%10.9%9.8%5.0%0.2%6.3%12.7%1.2%9.6%11.3%7.0%-1.6%-4.2%-11.2%7.4%
Revenue growth (1y) ⟶—14.7%20.4%18.1%13.8%11.7%-4.1%0.7%3.0%5.7%19.5%43.6%14.9%-0.3%9.9%8.2%5.8%
Revenue growth (5y CAGR) ⟶—————15.7%11.6%7.7%4.8%3.3%4.7%13.5%16.5%15.8%16.7%14.4%14.5%
Net debt/EBITDA ⟶——0.81x1.50x1.94x3.06x4.17x2.22x1.78x4.01x2.26x1.59x1.54x3.26x3.46x3.42x1.24x
Current ratio ⟶0.85x0.88x1.11x1.23x1.08x1.46x1.31x1.26x1.40x1.39x1.24x1.27x1.17x1.01x0.75x0.86x1.67x

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)0.50.60.70.80.91.11.01.01.11.11.31.92.22.22.42.60.72.6
Cost of goods and services (R$ bn)-0.3-0.4-0.5-0.5-0.6-0.7-0.7-0.6-0.6-0.8-0.9-1.1-1.3-1.3-1.5-1.7-0.4-1.7
Gross profit (R$ m)163186250304357396363417406363460827946855865932247902
EBITDA (R$ m)——133157183167115189288130178361406274314321——
Depreciation and amortization (R$ m)——1619253240404455627292138183207——
EBIT (operating result) (R$ m)6966117139158134761492447511628931413613011538125
Pre-tax profit (R$ m)43379511913076-681196-086230205-24-110-239-58-249
Income taxes (R$ m)-3-12-30-29-36-248-17-621343-13-51-128-53-4-70
Net income (R$ m)32246691935326413413128216153-35-102-292-63-319
Net income (controlling) (R$ m)32246690935326413413128216153-35-102-292-63-319
Balance sheet
Total assets (R$ bn)0.60.60.70.91.11.41.21.31.61.82.02.22.53.33.33.53.53.5
Current assets (R$ bn)0.20.20.30.40.50.60.50.50.60.90.90.91.11.31.01.11.21.2
Current liabilities (R$ bn)0.30.20.30.40.50.40.40.40.40.60.70.70.91.31.41.31.51.5
Gross debt (short + long term) (R$ bn)0.10.10.20.30.40.70.60.50.60.80.70.80.91.41.21.31.41.4
Cash and investments (R$ m)1410595892188106948327532619025648679188163163
Net debt (R$ bn)0.10.10.10.20.40.50.50.40.50.50.40.60.60.91.11.1——
Shareholders' equity (R$ m)618212719223723223828536236841735646738637127-104-104
Cash flow
Operating cash flow (R$ m)——37-271-45139103517125328822718695203——
Capital expenditures (R$ m)——-31-100-155-110-25-27-66-95-120-115-256-330-144-133——
Free cash flow (FCO + capex) (R$ m)——6-103-84-15511475-6076132173-29-143-4969——

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!525.5-20.7-3.9%-16.41.802024-05-15
2024T2!589.1-11.5-2.0%-47.11.702024-08-14
2024T3!661.62.60.4%-31.11.212025-01-13
2025T1!591.9-32.7-5.5%-5.11.842025-05-14
2025T2!686.8-44.2-6.4%-3.92.312025-08-06
2025T3!685.1-41.1-6.0%-2.82.732025-11-05
2026T1!597.2-41.1-6.9%-0.0—2026-05-15
2026T2!651.3-62.7-9.6%-0.0—2026-08-13

Full series, every quarter: GET /empresas/PTBL3/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 PTBL3 was a JCP of R$ 0.0796 per share (record date 2023-05-03). In the last 12 months: 0 payments adding up to R$ 0.0000 per share. Average yield of the last 5 full years: 6.2%.

typerecord dateex-datepaymentper share
JCP2023-05-032023-05-04—R$ 0.0796
dividend2023-05-032023-05-04—R$ 0.1305
JCP2022-08-182022-08-19—R$ 0.1461
dividend2022-08-182022-08-19—R$ 0.1620
dividend2022-03-232022-03-24—R$ 0.0247
dividend2021-11-192021-11-22—R$ 0.5736
dividend2021-09-032021-09-06—R$ 0.1298
JCP2021-04-302021-05-03—R$ 0.1325
dividend2021-04-302021-05-03—R$ 0.1804
dividend2021-01-262021-01-27—R$ 0.1118
dividend2020-05-052020-05-06—R$ 0.0398
JCP2019-04-052019-04-08—R$ 0.0747
dividend2019-04-052019-04-08—R$ 0.0802
JCP2018-08-142018-08-15—R$ 0.0435
dividend2018-08-142018-08-15—R$ 0.0189
JCP2018-05-042018-05-07—R$ 0.0294
dividend2018-05-042018-05-07—R$ 0.1061
JCP2017-08-092017-08-10—R$ 0.0700
JCP2017-04-282017-05-02—R$ 0.0037
JCP2016-04-292016-05-02—R$ 0.0371
dividend2016-04-292016-05-02—R$ 0.0143
JCP2015-08-072015-08-10—R$ 0.0375
dividend2015-04-302015-05-04—R$ 0.2441
JCP2014-08-132014-08-14—R$ 0.0407

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: JanFebMar1AprMay2JunJulAug2Sep1OctNov1Dec

Per year

yearper sharepaymentsyield
2023R$ 0.210122.8%
2022R$ 0.332934.0%
2021R$ 1.1281511.7%
2020R$ 0.039810.6%
2019R$ 0.154922.9%
2018R$ 0.197943.8%
2017R$ 0.073721.3%
2016R$ 0.051422.5%
2015R$ 0.2816213.7%
2014R$ 0.189834.0%

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

Shareholders and free float

31.48%free float
44,375,712 sharesshares outstanding held by the market, as filed in the FRE
14,693shareholders
14,556 individuals · 116 companies · 21 institutionalcount at the last shareholders meeting, from the FRE
CESAR GOMES JUNIOR +23controlling 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
shareholdertype% ON% PN% total
CESAR GOMES JUNIOR ctrl agreementPF15.79%0.00%15.79%
AUGUSTO LOPES GOMES ctrl agreementPF6.31%0.00%6.31%
NILTON TORRES DE BASTOS FILHO ctrl agreementPF5.85%0.00%5.85%
PATRICIA BASTOS AUERBACH ctrl agreementPF5.85%0.00%5.85%
EDUARDO CZENAY GUITIERREZ ctrl agreementPF4.20%0.00%4.20%
CÉSAR GOMES NETO ctrl agreementPF3.83%0.00%3.83%
GABRIELA RICHTER GOMES ctrl agreementPF3.80%0.00%3.80%
Junior Administração Bens Part. Soc. Ltda ctrl agreementPJ3.10%0.00%3.10%
CAROLINA CZERNAY GUTIERREZ ctrl agreementPF2.95%0.00%2.95%
MARCELO CONSONNI GOMES ctrl agreementPF2.48%0.00%2.48%
CAROLINA CONSONI GOMES MALUCELLI ctrl agreementPF2.48%0.00%2.48%
LUCIO REBELLO ctrl agreementPF2.42%0.00%2.42%
BEATRIZ REBELLO SALLES ctrl agreementPF2.42%0.00%2.42%
PGG PARTICIPAÇÕES SOCIETARIAS LTDA ctrl agreementPJ2.20%0.00%2.20%
CARLOS EDUARDO ZOPPELLO BRENNAND ctrl agreementPF1.92%0.00%1.92%
Others (market)———31.57%
Treasury shares———0.00%

Direct holdings from the reference form (FRE) filed on 2026-05-30, 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
2026-09-14Assembleia · AGEEdital de Convocação para Assembleia Geral Extraordinária 14/10/2026open
2026-09-14Assembleia · AGE—open
2026-09-14Assembleia · AGEProposta da Administração para Assembleia Geral Extraordinária 14/10/2026open
2026-09-11Reunião da Administração · Conselho de AdministraçãoATA RCA - Reforma do Estatuto Social, Ampliação do Objeto Social e Convocação de AGE.open
2026-09-09Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-09-08Escrituras e aditamentos de debêntures3º Aditamento à Escritura da 5ª Emissão de Debênturesopen
2026-09-08Escrituras e aditamentos de debêntures2º Aditamento à Escritura da 6ª Emissão de Debênturesopen
2026-08-21Calendário de Eventos Corporativos—open
2026-08-19Reunião da Administração · Conselho de AdministraçãoATA RCA - Tratativas para alienação de direitos creditórios - Crédito-Prêmio de IPIopen
2026-08-17Comunicado ao Mercado · Apresentações a analistas/agentes do mercadoApresentação de Mercado 2T26open

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 5/9 (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
2020DFC_MI 6.01252.7217.4
2023BPP 2.02.01915.6884.9
2011BPA 1575.5550.2
2011BPP 2575.5550.2
2019BPP 2.02.01547.7522.6
2019BPP 2.01.04248.2233.8
2023BPP 2.01.04463.6456.0
2014DRE 3.05157.8150.7

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.

PTBL3 × MGLU3 · PTBL3 × RAIZ4 · PTBL3 × LREN3 · PTBL3 × RADL3 · PTBL3 × AMER3 · PTBL3 × VBBR3

compare with the sector: CYRE3 × CURY3 × DIRR3

Other companies in Consumer Cyclical

109 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/PTBL3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 4,099 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 12:07 UTC. If this does not match /saude, you are reading a cached copy.