Direcional Engenharia S.A. (DIRR3) - Net Assets
Based on the latest financial reports, Direcional Engenharia S.A. (DIRR3) has net assets worth R$2.72 Billion BRL (≈ $533.75 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$12.42 Billion ≈ $2.44 Billion USD) and total liabilities (R$9.70 Billion ≈ $1.90 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check DIRR3 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$2.72 Billion |
| % of Total Assets | 21.91% |
| Annual Growth Rate | 19.46% |
| 5-Year Change | 65.95% |
| 10-Year Change | 25.11% |
| Growth Volatility | 56.82 |
Direcional Engenharia S.A. - Net Assets Trend (2004–2024)
This chart illustrates how Direcional Engenharia S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore Direcional Engenharia S.A. balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Direcional Engenharia S.A. (2004–2024)
The table below shows the annual net assets of Direcional Engenharia S.A. from 2004 to 2024. For live valuation and market cap data, see Direcional Engenharia S.A. (DIRR3) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$2.22 Billion ≈ $436.34 Million |
+5.36% |
| 2023-12-31 | R$2.11 Billion ≈ $414.14 Million |
+45.59% |
| 2022-12-31 | R$1.45 Billion ≈ $284.46 Million |
+1.06% |
| 2021-12-31 | R$1.43 Billion ≈ $281.47 Million |
+7.05% |
| 2020-12-31 | R$1.34 Billion ≈ $262.93 Million |
-2.14% |
| 2019-12-31 | R$1.37 Billion ≈ $268.69 Million |
-1.72% |
| 2018-12-31 | R$1.39 Billion ≈ $273.39 Million |
-13.15% |
| 2017-12-31 | R$1.60 Billion ≈ $314.80 Million |
-8.19% |
| 2016-12-31 | R$1.75 Billion ≈ $342.87 Million |
-1.69% |
| 2015-12-31 | R$1.78 Billion ≈ $348.77 Million |
+2.42% |
| 2014-12-31 | R$1.74 Billion ≈ $340.54 Million |
+8.37% |
| 2013-12-31 | R$1.60 Billion ≈ $314.23 Million |
+5.68% |
| 2012-12-31 | R$1.52 Billion ≈ $297.33 Million |
+22.95% |
| 2011-12-31 | R$1.23 Billion ≈ $241.84 Million |
+48.88% |
| 2010-12-31 | R$827.86 Million ≈ $162.44 Million |
+22.31% |
| 2009-12-31 | R$676.86 Million ≈ $132.81 Million |
+111.68% |
| 2008-12-31 | R$319.76 Million ≈ $62.74 Million |
+245.31% |
| 2007-12-31 | R$92.60 Million ≈ $18.17 Million |
+18.91% |
| 2006-12-31 | R$77.87 Million ≈ $15.28 Million |
+10.54% |
| 2005-12-31 | R$70.45 Million ≈ $13.82 Million |
+11.05% |
| 2004-12-31 | R$63.44 Million ≈ $12.45 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Direcional Engenharia S.A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1830.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$711.71 Million | 35.31% |
| Common Stock | R$1.16 Billion | 57.55% |
| Other Comprehensive Income | R$-46.27 Million | -2.30% |
| Other Components | R$190.15 Million | 9.43% |
| Total Equity | R$2.02 Billion | 100.00% |
Direcional Engenharia S.A. Competitors by Market Cap
The table below lists competitors of Direcional Engenharia S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Home First Finance Company India Limited
NSE:HOMEFIRST
|
$1.31 Billion |
|
North China Pharmaceutical Co Ltd
SHG:600812
|
$1.31 Billion |
|
Hebei Sailhero Environmental
SHE:300137
|
$1.31 Billion |
|
Jiangsu Chengxing Phosph-Chemical Co Ltd
SHG:600078
|
$1.31 Billion |
|
Zhejiang Huangma Technology Co Ltd
SHG:603181
|
$1.31 Billion |
|
Dole plc
F:4CB
|
$1.31 Billion |
|
Shenzhen Cotran New Material Co Ltd Class A
SHE:300731
|
$1.31 Billion |
|
Jiangsu Evergreen New Material Technology Inc. Co. A
SHG:603125
|
$1.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Direcional Engenharia S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,953,405,000 to 2,015,457,000, a change of 62,052,000 (3.2%).
- Net income of 638,378,000 contributed positively to equity growth.
- Dividend payments of 358,379,000 reduced retained earnings.
- Other comprehensive income increased equity by 939,000.
- Other factors decreased equity by 218,886,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$638.38 Million | +31.67% |
| Dividends Paid | R$358.38 Million | -17.78% |
| Other Comprehensive Income | R$939.00K | +0.05% |
| Other Changes | R$-218.89 Million | -10.86% |
| Total Change | R$- | 3.18% |
Book Value vs Market Value Analysis
This analysis compares Direcional Engenharia S.A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 64.12x to 3.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | R$0.20 | R$12.85 | x |
| 2007-12-31 | R$0.24 | R$12.85 | x |
| 2008-12-31 | R$0.79 | R$12.85 | x |
| 2009-12-31 | R$2.00 | R$12.85 | x |
| 2010-12-31 | R$1.90 | R$12.85 | x |
| 2011-12-31 | R$2.51 | R$12.85 | x |
| 2012-12-31 | R$2.83 | R$12.85 | x |
| 2013-12-31 | R$3.18 | R$12.85 | x |
| 2014-12-31 | R$3.51 | R$12.85 | x |
| 2015-12-31 | R$3.73 | R$12.85 | x |
| 2016-12-31 | R$3.62 | R$12.85 | x |
| 2017-12-31 | R$3.31 | R$12.85 | x |
| 2018-12-31 | R$2.91 | R$12.85 | x |
| 2019-12-31 | R$2.81 | R$12.85 | x |
| 2020-12-31 | R$2.74 | R$12.85 | x |
| 2021-12-31 | R$2.91 | R$12.85 | x |
| 2022-12-31 | R$2.87 | R$12.85 | x |
| 2023-12-31 | R$3.99 | R$12.85 | x |
| 2024-12-31 | R$3.84 | R$12.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Direcional Engenharia S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 31.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.06%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 5.00x
- Recent ROE (31.67%) is above the historical average (12.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 19.53% | 23.98% | 0.55x | 1.49x | R$7.42 Million |
| 2007 | 26.84% | 23.81% | 0.47x | 2.41x | R$15.59 Million |
| 2008 | 20.95% | 24.48% | 0.45x | 1.88x | R$33.67 Million |
| 2009 | 12.05% | 20.95% | 0.35x | 1.66x | R$13.45 Million |
| 2010 | 20.99% | 21.30% | 0.47x | 2.12x | R$87.20 Million |
| 2011 | 15.15% | 16.34% | 0.44x | 2.12x | R$59.54 Million |
| 2012 | 16.95% | 15.53% | 0.46x | 2.40x | R$92.24 Million |
| 2013 | 15.49% | 13.09% | 0.51x | 2.33x | R$80.91 Million |
| 2014 | 12.74% | 11.22% | 0.46x | 2.45x | R$44.27 Million |
| 2015 | 7.51% | 7.88% | 0.40x | 2.36x | R$-40.91 Million |
| 2016 | -0.74% | -0.87% | 0.33x | 2.57x | R$-171.28 Million |
| 2017 | -9.88% | -19.12% | 0.18x | 2.85x | R$-289.28 Million |
| 2018 | -6.04% | -6.65% | 0.25x | 3.63x | R$-205.76 Million |
| 2019 | 7.99% | 6.89% | 0.31x | 3.70x | R$-25.22 Million |
| 2020 | 9.22% | 7.53% | 0.29x | 4.16x | R$-9.56 Million |
| 2021 | 11.46% | 8.25% | 0.31x | 4.42x | R$18.72 Million |
| 2022 | 14.73% | 8.79% | 0.33x | 5.03x | R$61.02 Million |
| 2023 | 16.97% | 14.08% | 0.31x | 3.88x | R$136.22 Million |
| 2024 | 31.67% | 19.06% | 0.33x | 5.00x | R$436.83 Million |
Industry Comparison
This section compares Direcional Engenharia S.A.'s net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,479,106,444
- Average return on equity (ROE) among peers: 19.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Direcional Engenharia S.A. (DIRR3) | R$2.72 Billion | 19.53% | 3.56x | $1.31 Billion |
| Cury Construtora e Incorporadora S.A (CURY3) | $539.15 Million | 24.95% | 0.79x | $1.82 Billion |
| Even Construtora e Incorporadora S.A (EVEN3) | $8.87 Million | 14.02% | 2.69x | $239.62 Million |
| EZTEC Empreendimentos e Participações S.A (EZTC3) | $2.42 Billion | 19.63% | 0.41x | $759.20 Million |
| JHSF Participações S.A. (JHSF3) | $2.66 Billion | 4.07% | 1.46x | $1.65 Billion |
| MRV Engenharia e Participações S.A (MRVE3) | $6.57 Billion | -2.69% | 2.44x | $764.22 Million |
| PDG Realty S.A. Empreendimentos e Participações (PDGR3) | $261.42 Million | 8.01% | 0.99x | $1.03 Million |
| Plano & Plano Desenvolvimento Imobiliário S.A (PLPL3) | $36.49 Million | 106.52% | 7.50x | $405.71 Million |
| RNI Negócios Imobiliários S.A (RDNI3) | $30.52 Million | 0.13% | 2.91x | $17.72 Million |
| Tecnisa S.A (TCSA3) | $779.46 Million | 4.17% | 0.44x | $18.20 Million |
About Direcional Engenharia S.A.
Direcional Engenharia S.A. engages in the development and construction of real estate properties in Brazil. It primarily develops and constructs projects for low-income and middle-income families. The company was incorporated in 1981 and is based in Belo Horizonte, Brazil.