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Basic Materials

SCHULZ SA

SHUL4 — SCHULZ SA

CNPJ 84.693.183/0001-68 · listed classes: SHUL4, SHUL3 · CVM code 14664

Indústria MetalúrgicaAs filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Metalurgia e Siderurgia

Básicolisting segment
1963founded
Joinville · SCheadquarters
Privadocontrol
Bradesco S.A.share registrar
Martinelli Auditoresauditor
schulzsa.cominvestor site
R$ 2.3 mavg. daily traded value (63 sessions)

Verdict

Net margin 14.9%; ROIC 17.4%; net cash; P/E 6.4 against 12.9 for the sector; 2025 data, no relevant restatement.

Confidence flag: Clean data

Data for fiscal year 2025, received by the CVM on 2026-03-19; 5 of the 5 core figures published; no restatement recorded.

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 SHUL4: 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 SHUL4.

Quote

R$ 4.40close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m -2.9% · 12m -9.1% · YTD -12.9% · 52-week R$ 4.20–5.73

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, weekly, 5 years — adjusted for 2 corporate action(s) · return +86.2% (+13.3% a year) · adjusted with the exchange's corporate actions checked against the priceR$ 4.40 2026-09-25
2022-04-13: 2x shares2022-04-13: 2x shareshigh 2023-10-06: R$ 7.93low 2022-01-07: R$ 1.852026-09-25: R$ 4.40
2021low R$ 1.85 · high R$ 7.932026

Return by window

1 month3 months1 year2 years5 years10 years
Price-2.9%-7.4%-9.1%-30.2%+86.6% 2×+529.7% 3×
With dividends reinvested-1.1%-4.1%+2.9%-15.5%+161.6%+923.4%
Real, net of inflation (IPCA to 08/2026)-1.0%-3.9%-0.9%-22.6%+103.3%+535.4%
R$ 1,000 would be worthR$ 989R$ 959R$ 1,029R$ 845R$ 2,616R$ 10,234

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
2022-04-13bonus issue2.00× shareschecked against the price move
2022-04-13bonus issue2.00× shareschecked against the price move
2021-04-15stock split inferred2.00× shareschecked against the price move
2010-12-02stock split5.00× shareschecked against the price move
2010-12-02stock split5.00× shareschecked against the price move
2007-04-25reverse split inferred0.01× sharesnot checked
2007-04-25reverse split inferred0.01× 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$ 1.6 bnmarket value
close of 2026-09-25 × sharesprice × shares outstanding
R$ 1.4 bnenterprise value
+ net debt 2025market value + net debt
R$ 0.81EPS 2025
profit per sharenet income for the year ÷ shares
R$ 4.21BVPS 2025
book value per shareshareholders' equity ÷ shares
6.0P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
1.00P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
16.9%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
13.9%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
5.8P/FCO 2025
FCO R$ 270 mmarket value ÷ operating cash flow
25.3P/FCF 2025
FCF R$ 62 mmarket value ÷ (operating cash flow + capex)
356.6 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)

6.4P/E 2025
price of 2026-03-19 · sector 12.9 · 9 cos. · 4th of 10price ÷ earnings per share for the year
1.2P/B 2025
price of 2026-03-19 · sector 1.0 · 8 cos. · 6th of 9price ÷ book value per share
5.3EV/EBITDA 2025
price of 2026-03-19 · sector 6.1 · 8 cos. · 3th of 9enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
3.3%FCF yield 2025
price of 2026-03-19 · sector 8.3% · 8 cos. · 7th of 9(operating cash flow + capex) ÷ market value
19.8%ROE 2025
sector 4.3% · 24 cos. · 6th of 25net income to controlling ÷ average equity
17.4%ROIC 2025
sector 7.7% · 15 cos. · 4th 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 2026-03-19 (R$ 5.22), the first one after the 2025 filing became public on 2026-03-19 — point-in-time, not the 31 December price.

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year0.81×
EV/Receita todayenterprise value ÷ net revenue0.74×
P/EBITDA todaymarket value ÷ EBITDA4.81×
P/EBIT todaymarket value ÷ EBIT6.58×
EV/EBIT todayenterprise value ÷ EBIT6.02×
Earning yield todaynet income ÷ market value (the inverse of P/E)18.4%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity-0.09×
Dívida bruta/PLshort- and long-term borrowings ÷ equity0.67×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year-0.41×
PL/Ativosequity ÷ total assets0.48×
Passivos/Ativos(total assets − equity) ÷ total assets0.52×
Liquidez correntecurrent assets ÷ current liabilities2.60×

Efficiency

Margem brutagross profit ÷ net revenue23.5%
Margem EBITDAEBITDA ÷ net revenue16.8%
Margem EBITEBIT ÷ net revenue12.3%
Margem líquidanet income ÷ net revenue14.9%

Profitability

ROEnet income to controlling ÷ average equity19.8%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included17.4%
ROAnet income ÷ total assets10.1%
Giro do ativonet revenue ÷ total assets0.63×

Growth

Receita, 1 anorevenue this year ÷ previous year − 1-0.4%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years13.0%
Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only)15.3%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)11.8%

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 8 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.

ROE19.8% 2025
2010: 19.5% — pl_final_sem_media2011: 18.6%2012: 15.4%2013: 18.3%2014: 14.3%2015: 11.5%2016: 6.9%2017: 8.5%2018: 13.7%2019: 16.7%2020: 20.8%2021: 23.3%2022: 26.7%2023: 23.0%2024: 18.8%2025: 19.8%
20102025
ROIC17.4% 2025
2010: 11.7% — capital_final_sem_media2011: 11.5%2012: 10.4%2013: 13.6%2014: 10.4%2015: 9.3%2016: 5.8%2017: 7.7%2018: 12.9%2019: 12.1% — aliq_travada_02020: 12.6%2021: 19.2%2022: 25.3%2023: 22.6%2024: 20.6%2025: 17.4%
20102025
Net margin14.9% 2025
2010: 8.0%2011: 7.0%2012: 7.1%2013: 7.6%2014: 7.4%2015: 7.4%2016: 5.3%2017: 5.8%2018: 7.4%2019: 9.2%2020: 13.5%2021: 11.3%2022: 12.9%2023: 14.4%2024: 13.1%2025: 14.9%
20102025
Point-in-time P/E6.4x 2025
2020: 8.5x2021: 7.7x2022: 5.8x2023: 8.7x2024: 8.2x2025: 6.4x
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶19.5%!18.6%15.4%18.3%14.3%11.5%6.9%8.5%13.7%16.7%20.8%23.3%26.7%23.0%18.8%19.8%4.3%
ROIC ⟶11.7%!11.5%10.4%13.6%10.4%9.3%5.8%7.7%12.9%12.1%!12.6%19.2%25.3%22.6%20.6%17.4%7.7%
ROA ⟶6.8%!6.4%5.4%6.8%5.5%4.8%3.2%4.0%5.9%7.2%8.9%9.7%11.9%11.7%10.2%10.1%2.6%
Gross margin ⟶30.9%28.9%28.7%32.0%30.0%27.7%23.1%23.1%23.8%21.8%23.0%22.2%26.0%26.0%25.8%23.5%21.3%
EBIT margin ⟶13.8%12.7%13.1%15.3%11.9%11.6%6.6%8.5%9.3%9.1%13.7%14.1%18.1%15.8%14.9%12.3%6.4%
Net margin ⟶8.0%7.0%7.1%7.6%7.4%7.4%5.3%5.8%7.4%9.2%13.5%11.3%12.9%14.4%13.1%14.9%3.6%
Revenue growth (1y) ⟶—18.0%-8.0%25.7%-9.7%-11.7%-10.6%18.5%37.8%12.0%-0.9%62.3%22.7%-8.0%1.0%-0.4%4.4%
Revenue growth (5y CAGR) ⟶—————1.7%-3.8%1.2%3.1%7.6%10.2%24.1%25.0%15.3%12.9%13.0%9.8%
Net debt/EBITDA ⟶2.14x2.67x2.49x1.72x1.76x1.48x1.26x1.23x1.77x1.59x1.31x1.65x0.43x-0.42x-0.16x-0.41x1.15x
Current ratio ⟶1.93x1.71x1.71x2.77x2.40x2.85x2.41x3.26x2.76x2.51x2.28x2.96x2.71x2.92x3.16x2.60x2.01x

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)0.60.70.60.80.70.60.60.70.91.11.11.72.11.91.91.90.51.9
Cost of goods and services (R$ bn)-0.4-0.5-0.5-0.6-0.5-0.5-0.4-0.5-0.7-0.8-0.8-1.3-1.5-1.4-1.4-1.5-0.4-1.5
Gross profit (R$ m)184203186260220180134159225231241379543501502456107396
EBITDA (R$ m)1061151141581221127491122138187292438368359326——
Depreciation and amortization (R$ m)24262933353635333441435259636988——
EBIT (operating result) (R$ m)82898512587753958889614424037930429023860194
Pre-tax profit (R$ m)7171639273643653718117720430030628729074263
Income taxes (R$ m)-23-22-17-30-19-16-5-13-016-35-11-30-28-32-1-13-4
Net income (R$ m)4849466154483140709714219327027825528961260
Net income (controlling) (R$ m)4849466154483140709714219327027825528961260
Balance sheet
Total assets (R$ bn)0.70.80.91.01.01.00.91.11.31.41.82.22.42.42.63.13.13.1
Current assets (R$ bn)0.40.40.50.50.60.60.60.70.80.91.21.41.61.61.62.02.02.0
Current liabilities (R$ m)185259264197251218240217302342512481577533514767849849
Gross debt (short + long term) (R$ bn)0.30.40.40.40.50.40.30.40.50.50.70.90.80.70.71.00.90.9
Cash and investments (R$ bn)0.10.10.10.10.20.30.20.30.30.30.40.40.70.80.81.11.11.1
Net debt (R$ m)22730828327221416593112216218244482186-153-59-134——
Shareholders' equity (R$ bn)0.20.30.30.40.40.40.50.50.50.60.70.91.11.31.41.51.61.6
Cash flow
Operating cash flow (R$ m)33148588124126794574133192-18458487387270——
Capital expenditures (R$ m)-38-64-37-38-37-16-15-45-124-110-130-133-132-90-115-207——
Free cash flow (FCO + capex) (R$ m)-5-4948508711064-0-502363-15132639727262——

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
2024T1455.860.413.3%8.51.692024-05-09
2024T2507.570.513.9%8.91.762024-08-20
2024T3526.977.814.8%8.01.562024-11-07
2025T1494.171.614.5%7.51.362025-05-15
2025T2538.574.013.7%6.21.102025-08-14
2025T3513.568.813.4%6.91.162025-11-13
2026T1448.055.612.4%6.61.172026-05-14
2026T2512.860.711.8%5.80.962026-08-13

Full series, every quarter: GET /empresas/SHUL4/trimestres

Dividends

Next: 2026-09-30 payment · dividend R$ 0.0875 · 2026-10-28 payment · JCP R$ 0.0773 · 2027-01-15 payment · JCP R$ 0.0803 · 2027-09-30 payment · dividend R$ 0.1021

The latest dividend by SHUL4 was a JCP of R$ 0.0803 per share (record date 2026-09-24, payment 2027-01-15). In the last 12 months: 6 payments adding up to R$ 0.5289 per share. Average yield of the last 5 full years: 5.9%.

typerecord dateex-datepaymentper share
JCP2020-12-282020-12-29—R$ 0.0678
JCP2020-11-172020-11-18—R$ 0.0778
JCP2020-09-302020-10-01—R$ 0.1080
dividend2020-06-292020-06-30—R$ 0.0562

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: JanFeb1Mar3Apr2MayJun5JulAugSep6OctNov1Dec6

Per year

yearper sharepaymentsyield
2026R$ 0.234935.3%
2025R$ 0.5307610.5%
2024R$ 0.475248.2%
2023R$ 0.291954.1%
2022R$ 0.216544.6%
2021R$ 0.186542.2%
2020R$ 0.309842.3%
2019R$ 0.265422.6%
2018R$ 0.311924.5%
2017R$ 0.159722.3%

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

Shareholders and free float

56.17%free float
200,741,947 sharesshares outstanding held by the market, as filed in the FRE
29,856shareholders
29,603 individuals · 91 companies · 162 institutionalcount at the last shareholders meeting, from the FRE
GERT HEINZ SCHULZ +2controlling 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
GERT HEINZ SCHULZ ctrlPF22.30%5.41%12.63%
WALDIR CARLOS SCHULZ ctrlPF22.34%5.18%12.51%
OVANDI ROSENSTOCK ctrlPF18.31%4.25%10.26%
ELIANA ERNA SCHULZ MANTEUFELPF18.67%0.00%7.98%
DORIANE BRAATZPF18.29%0.28%7.98%
CLUBE DE INVESTIMENTOS SOLPJ0.00%11.66%6.68%
SÉRGIO EDUARDO FERREIRA RODARTEPF0.00%8.26%4.73%
TRIGONO FLAGSHIP SMALL CAPS MASTER FIAPJ0.00%7.04%4.03%
REAL INVESTOR MASTER FIA - BDR NIVEL IPJ0.00%4.84%2.77%
REAL INVESTOR MASTER FUNDO DE INVESTIMENTO MULTIMERCADOPJ0.00%1.92%1.10%
TRIGONO ICATU 100 FUNDO DE INVESTIMENTO EM ACOES PREVIDENCIAPJ0.00%1.30%0.75%
REAL INVESTOR 100 PREV MASTER FUNDO DE INVESTIMENTO EM ACOESPJ0.00%1.09%0.63%
TRIGONO VERBIER MASTER FUNDO DE INVESTIMENTO EM ACOESPJ0.00%1.08%0.62%
REAL INVESTOR 70 PREVIDENCIA FIMPJ0.00%0.52%0.30%
TRIGONO HORIZON MICROCAP MASTER FIAPJ0.00%0.50%0.28%
Others (market)———25.16%
Treasury shares———0.23%

Direct holdings from the reference form (FRE) filed on 2026-08-21, version 3. 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
2026-09-03Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-08-13Reunião da Administração · Conselho de AdministraçãoAnálise e discussões acerca das estratégias de aperfeiçoamento das ações e políticas contemplando ESG.||Apresentação e análise dos resultados gerenciais e operacionais de cada Unidopen
2026-08-06Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-07-28Relatório de Sustentabilidade—open
2026-07-28Reunião da Administração · Conselho de AdministraçãoAprovação do Relatório de Sustentatibilidadeopen
2026-07-24Reunião da Administração · Conselho de AdministraçãoValidação das Políticas de Governança da Schulzopen
2026-07-24Política de Negociação de Valores Mobiliários—open
2026-07-24Política de Remuneração—open
2026-07-03Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-06-23Comunicado ao Mercado · Outros Comunicados Não Considerados Fatos RelevantesDeliberação JCPopen

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.

This company appears in

Compare

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

SHUL4 × VALE3 · SHUL4 × SUZB3 · SHUL4 × CSNA3 · SHUL4 × GGBR4 · SHUL4 × BRKM5 · SHUL4 × 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/SHUL4/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 3,968 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 08:51 UTC. If this does not match /saude, you are reading a cached copy.