Even Construtora e Incorporadora S.A
Even Construtora e Incorporadora S.A. operates as a real estate developer and builder in Brazil. The company develops and sells residential and commercial projects under the Open and Even brands. It is also involved in land prospecting; real estate development and sale; broker portal operation; and project construction activities. The company was founded in 1974 and is based in São Paulo, Brazil.
Even Construtora e Incorporadora S.A (EVEN3) - Net Assets
Latest net assets as of September 2025: R$2.27 Billion BRL
Based on the latest financial reports, Even Construtora e Incorporadora S.A (EVEN3) has net assets worth R$2.27 Billion BRL as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$5.01 Billion) and total liabilities (R$2.74 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$2.27 Billion |
| % of Total Assets | 45.38% |
| Annual Growth Rate | 29.64% |
| 5-Year Change | -16.62% |
| 10-Year Change | -16.1% |
| Growth Volatility | 124.21 |
Even Construtora e Incorporadora S.A - Net Assets Trend (2003–2024)
This chart illustrates how Even Construtora e Incorporadora S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Even Construtora e Incorporadora S.A (2003–2024)
The table below shows the annual net assets of Even Construtora e Incorporadora S.A from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$2.07 Billion | -28.16% |
| 2023-12-31 | R$2.88 Billion | +5.59% |
| 2022-12-31 | R$2.73 Billion | +5.21% |
| 2021-12-31 | R$2.59 Billion | +4.47% |
| 2020-12-31 | R$2.48 Billion | +32.17% |
| 2019-12-31 | R$1.88 Billion | +3.87% |
| 2018-12-31 | R$1.81 Billion | -9.03% |
| 2017-12-31 | R$1.99 Billion | -17.87% |
| 2016-12-31 | R$2.42 Billion | -1.91% |
| 2015-12-31 | R$2.47 Billion | +1.93% |
| 2014-12-31 | R$2.42 Billion | +4.47% |
| 2013-12-31 | R$2.32 Billion | +9.06% |
| 2012-12-31 | R$2.12 Billion | +33.18% |
| 2011-12-31 | R$1.59 Billion | +13.10% |
| 2010-12-31 | R$1.41 Billion | +53.60% |
| 2009-12-31 | R$917.85 Million | +14.16% |
| 2008-12-31 | R$804.00 Million | +19.50% |
| 2007-12-31 | R$672.81 Million | +398.07% |
| 2006-12-31 | R$135.08 Million | +451.25% |
| 2005-12-31 | R$24.50 Million | +21.13% |
| 2004-12-31 | R$20.23 Million | +128.05% |
| 2003-12-31 | R$8.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Even Construtora e Incorporadora 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 7193.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$150.16 Million | 8.35% |
| Common Stock | R$1.66 Billion | 92.11% |
| Other Comprehensive Income | R$13.10 Million | 0.73% |
| Total Equity | R$1.80 Billion | 100.00% |
Even Construtora e Incorporadora S.A Competitors by Market Cap
The table below lists competitors of Even Construtora e Incorporadora S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
460930
KQ:460930
|
$184.51 Million |
|
Ultra Jaya Milk Industry Tbk
JK:ULTJ
|
$184.55 Million |
|
Jiangsu Tianmu Lake Tourism Co Ltd
SHG:603136
|
$184.55 Million |
|
HAXC Holdings (Beijing) Co. Ltd.
SHE:300928
|
$184.56 Million |
|
Steyr Motors AG
VI:4X0
|
$184.47 Million |
|
Vizionfocus Inc.
TW:4771
|
$184.40 Million |
|
John Mattson Fastighetsforetagen AB
ST:JOMA
|
$184.40 Million |
|
PERMA-PIPE INTL HLDGS
F:MF3
|
$184.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Even Construtora e Incorporadora S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,946,402,000 to 1,799,389,000, a change of -147,013,000 (-7.6%).
- Net income of 42,108,000 contributed positively to equity growth.
- Dividend payments of 229,536,000 reduced retained earnings.
- Share repurchases of 28,421,000 reduced equity.
- Other comprehensive income increased equity by 1,840,000.
- Other factors increased equity by 66,996,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$42.11 Million | +2.34% |
| Dividends Paid | R$229.54 Million | -12.76% |
| Share Repurchases | R$28.42 Million | -1.58% |
| Other Comprehensive Income | R$1.84 Million | +0.1% |
| Other Changes | R$67.00 Million | +3.72% |
| Total Change | R$- | -7.55% |
Book Value vs Market Value Analysis
This analysis compares Even Construtora e Incorporadora 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: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 56.51x to 0.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$0.12 | R$6.99 | x |
| 2005-12-31 | R$0.14 | R$6.99 | x |
| 2006-12-31 | R$0.88 | R$6.99 | x |
| 2007-12-31 | R$4.06 | R$6.99 | x |
| 2008-12-31 | R$4.24 | R$6.99 | x |
| 2009-12-31 | R$4.97 | R$6.99 | x |
| 2010-12-31 | R$6.41 | R$6.99 | x |
| 2011-12-31 | R$6.72 | R$6.99 | x |
| 2012-12-31 | R$7.58 | R$6.99 | x |
| 2013-12-31 | R$8.52 | R$6.99 | x |
| 2014-12-31 | R$9.20 | R$6.99 | x |
| 2015-12-31 | R$9.72 | R$6.99 | x |
| 2016-12-31 | R$9.73 | R$6.99 | x |
| 2017-12-31 | R$7.90 | R$6.99 | x |
| 2018-12-31 | R$7.24 | R$6.99 | x |
| 2019-12-31 | R$7.85 | R$6.99 | x |
| 2020-12-31 | R$8.42 | R$6.99 | x |
| 2021-12-31 | R$8.84 | R$6.99 | x |
| 2022-12-31 | R$9.07 | R$6.99 | x |
| 2023-12-31 | R$9.20 | R$6.99 | x |
| 2024-12-31 | R$9.23 | R$6.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Even Construtora e Incorporadora 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): 2.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.95%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.88x
- Recent ROE (2.34%) is below the historical average (8.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 15.82% | 8.10% | 0.47x | 4.16x | R$457.90K |
| 2004 | 18.41% | 6.29% | 0.54x | 5.38x | R$1.46 Million |
| 2005 | 10.44% | 2.74% | 0.52x | 7.35x | R$84.60K |
| 2006 | 18.10% | 10.90% | 0.49x | 3.36x | R$10.02 Million |
| 2007 | 5.28% | 7.02% | 0.39x | 1.94x | R$-26.93 Million |
| 2008 | 7.81% | 7.14% | 0.48x | 2.27x | R$-16.53 Million |
| 2009 | 15.31% | 11.61% | 0.51x | 2.56x | R$47.06 Million |
| 2010 | 18.35% | 13.04% | 0.64x | 2.20x | R$116.03 Million |
| 2011 | 14.43% | 11.85% | 0.55x | 2.23x | R$69.39 Million |
| 2012 | 14.52% | 10.23% | 0.57x | 2.47x | R$79.97 Million |
| 2013 | 14.23% | 11.50% | 0.51x | 2.42x | R$84.07 Million |
| 2014 | 11.89% | 11.44% | 0.45x | 2.30x | R$40.11 Million |
| 2015 | 4.69% | 4.60% | 0.43x | 2.38x | R$-114.58 Million |
| 2016 | 0.09% | 0.11% | 0.35x | 2.36x | R$-210.83 Million |
| 2017 | -19.34% | -24.32% | 0.29x | 2.72x | R$-511.17 Million |
| 2018 | -10.19% | -10.90% | 0.30x | 3.07x | R$-318.49 Million |
| 2019 | 7.14% | 6.46% | 0.37x | 2.99x | R$-47.67 Million |
| 2020 | 0.84% | 0.88% | 0.32x | 2.97x | R$-159.91 Million |
| 2021 | 12.70% | 10.16% | 0.38x | 3.26x | R$49.13 Million |
| 2022 | 5.46% | 4.50% | 0.35x | 3.50x | R$-86.90 Million |
| 2023 | 11.10% | 12.07% | 0.25x | 3.75x | R$21.36 Million |
| 2024 | 2.34% | 1.95% | 0.42x | 2.88x | R$-137.83 Million |
Industry Comparison
This section compares Even Construtora e Incorporadora 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: $1,559,445,889
- Average return on equity (ROE) among peers: 10.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Even Construtora e Incorporadora S.A (EVEN3) | R$2.27 Billion | 15.82% | 1.20x | $184.49 Million |
| Alphaville S.A (AVLL3) | $-771.73 Million | 0.00% | 0.00x | $14.14 Million |
| Cury Construtora e Incorporadora S.A (CURY3) | $315.15 Million | 28.87% | 2.51x | $900.19 Million |
| Direcional Engenharia S.A. (DIRR3) | $319.76 Million | 20.15% | 0.81x | $731.83 Million |
| EZTEC Empreendimentos e Participações S.A (EZTC3) | $1.41 Billion | 23.41% | 0.22x | $237.39 Million |
| Fica Empreendimentos Imobiliarios S.A (FIEI3) | $80.08 Million | -15.81% | 0.17x | $1.33 Million |
| JHSF Participações S.A. (JHSF3) | $2.66 Billion | 4.07% | 1.46x | $413.50 Million |
| MRV Engenharia e Participações S.A (MRVE3) | $3.05 Billion | 20.78% | 1.22x | $395.75 Million |
| Mitre Realty Empreendimentos e Participações S.A (MTRE3) | $1.00 Billion | 3.47% | 1.05x | $38.43 Million |
| PDG Realty S.A. Empreendimentos e Participações (PDGR3) | $5.96 Billion | 13.24% | 1.58x | $410.71K |