Empreendimentos Pague Menos S.A (PGMN3) - Net Assets
Based on the latest financial reports, Empreendimentos Pague Menos S.A (PGMN3) has net assets worth R$3.36 Billion BRL (≈ $658.51 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$9.81 Billion ≈ $1.92 Billion USD) and total liabilities (R$6.45 Billion ≈ $1.27 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 Empreendimentos Pague Menos S.A strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$3.36 Billion |
| % of Total Assets | 34.22% |
| Annual Growth Rate | 25.8% |
| 5-Year Change | 48.0% |
| 10-Year Change | 252.39% |
| Growth Volatility | 32.63 |
Empreendimentos Pague Menos S.A - Net Assets Trend (2009–2025)
This chart illustrates how Empreendimentos Pague Menos S.A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Empreendimentos Pague Menos S.A market capitalisation.
Annual Net Assets for Empreendimentos Pague Menos S.A (2009–2025)
The table below shows the annual net assets of Empreendimentos Pague Menos S.A from 2009 to 2025. Also explore Empreendimentos Pague Menos S.A (PGMN3) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$3.09 Billion ≈ $606.98 Million |
+13.63% |
| 2024-12-31 | R$2.72 Billion ≈ $534.19 Million |
+2.33% |
| 2023-12-31 | R$2.66 Billion ≈ $522.04 Million |
+13.96% |
| 2022-12-31 | R$2.33 Billion ≈ $458.08 Million |
+11.69% |
| 2021-12-31 | R$2.09 Billion ≈ $410.13 Million |
+7.69% |
| 2020-12-31 | R$1.94 Billion ≈ $380.84 Million |
+89.45% |
| 2019-12-31 | R$1.02 Billion ≈ $201.03 Million |
-0.66% |
| 2018-12-31 | R$1.03 Billion ≈ $202.36 Million |
+9.56% |
| 2017-12-31 | R$941.27 Million ≈ $184.69 Million |
+7.23% |
| 2016-12-31 | R$877.83 Million ≈ $172.25 Million |
-0.58% |
| 2015-12-31 | R$882.99 Million ≈ $173.26 Million |
+90.26% |
| 2014-12-31 | R$464.10 Million ≈ $91.06 Million |
+17.54% |
| 2013-12-31 | R$394.86 Million ≈ $77.48 Million |
+20.39% |
| 2012-12-31 | R$327.98 Million ≈ $64.36 Million |
+32.64% |
| 2011-12-31 | R$247.26 Million ≈ $48.52 Million |
+68.30% |
| 2010-12-31 | R$146.92 Million ≈ $28.83 Million |
+86.77% |
| 2009-12-31 | R$78.66 Million ≈ $15.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Empreendimentos Pague Menos 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 72697600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$726.98 Million | 23.56% |
| Common Stock | R$1.97 Billion | 64.01% |
| Other Comprehensive Income | R$10.05 Million | 0.33% |
| Other Components | R$373.39 Million | 12.10% |
| Total Equity | R$3.09 Billion | 100.00% |
Empreendimentos Pague Menos S.A Competitors by Market Cap
The table below lists competitors of Empreendimentos Pague Menos S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Danske Andelskassers Bank A/S
CO:DAB
|
$542.68 Million |
|
Zhejiang Yilida Ventilator Co Ltd
SHE:002686
|
$542.72 Million |
|
GEM Services Inc
TW:6525
|
$542.77 Million |
|
Xinjiang Winka Times Dept
SHG:603101
|
$543.10 Million |
|
Cheng Du Sheng Nuo Biotec Co. Ltd. A
SHG:688117
|
$542.60 Million |
|
National Petroleum Co Ltd
TW:9937
|
$542.33 Million |
|
Ennis Inc
NYSE:EBF
|
$542.33 Million |
|
Elior SCA
PA:ELIOR
|
$542.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Empreendimentos Pague Menos S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,714,843,000 to 3,085,174,000, a change of 370,331,000 (13.6%).
- Net income of 260,281,999 contributed positively to equity growth.
- Dividend payments of 176,414,000 reduced retained earnings.
- Share repurchases of 16,492,000 reduced equity.
- New share issuances of 264,102,000 increased equity.
- Other comprehensive income decreased equity by 376,000.
- Other factors increased equity by 39,229,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$260.28 Million | +8.44% |
| Dividends Paid | R$176.41 Million | -5.72% |
| Share Repurchases | R$16.49 Million | -0.53% |
| Share Issuances | R$264.10 Million | +8.56% |
| Other Comprehensive Income | R$-376.00K | -0.01% |
| Other Changes | R$39.23 Million | +1.27% |
| Total Change | R$- | 13.64% |
Book Value vs Market Value Analysis
This analysis compares Empreendimentos Pague Menos 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: 0.77x
- 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 2.55x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | R$1.50 | R$3.84 | x |
| 2010-12-31 | R$2.81 | R$3.84 | x |
| 2011-12-31 | R$1.58 | R$3.84 | x |
| 2012-12-31 | R$0.90 | R$3.84 | x |
| 2013-12-31 | R$1.09 | R$3.84 | x |
| 2014-12-31 | R$1.28 | R$3.84 | x |
| 2015-12-31 | R$2.52 | R$3.84 | x |
| 2016-12-31 | R$2.42 | R$3.84 | x |
| 2017-12-31 | R$2.63 | R$3.84 | x |
| 2018-12-31 | R$2.88 | R$3.84 | x |
| 2019-12-31 | R$2.86 | R$3.84 | x |
| 2020-12-31 | R$4.94 | R$3.84 | x |
| 2021-12-31 | R$4.53 | R$3.84 | x |
| 2022-12-31 | R$5.05 | R$3.84 | x |
| 2023-12-31 | R$5.47 | R$3.84 | x |
| 2024-12-31 | R$4.54 | R$3.84 | x |
| 2025-12-31 | R$4.98 | R$3.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Empreendimentos Pague Menos 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): 8.44%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.75%
- • Asset Turnover: 1.50x
- • Equity Multiplier: 3.22x
- Recent ROE (8.44%) is below the historical average (17.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 53.37% | 2.32% | 2.95x | 7.78x | R$34.12 Million |
| 2010 | 49.68% | 3.37% | 2.93x | 5.03x | R$58.29 Million |
| 2011 | 44.12% | 3.92% | 2.77x | 4.07x | R$84.36 Million |
| 2012 | 32.73% | 3.42% | 2.41x | 3.96x | R$74.57 Million |
| 2013 | 27.70% | 3.05% | 1.99x | 4.55x | R$69.91 Million |
| 2014 | 25.06% | 2.85% | 1.83x | 4.82x | R$69.89 Million |
| 2015 | 3.50% | 0.67% | 1.53x | 3.42x | R$-57.36 Million |
| 2016 | 4.75% | 0.75% | 2.00x | 3.16x | R$-46.06 Million |
| 2017 | 8.67% | 1.37% | 2.05x | 3.10x | R$-12.56 Million |
| 2018 | 9.02% | 1.49% | 1.85x | 3.27x | R$-10.16 Million |
| 2019 | -0.68% | -0.11% | 1.34x | 4.69x | R$-109.40 Million |
| 2020 | 4.95% | 1.40% | 1.19x | 2.96x | R$-98.06 Million |
| 2021 | 7.87% | 2.18% | 1.15x | 3.14x | R$-44.56 Million |
| 2022 | 11.29% | 2.87% | 1.17x | 3.36x | R$30.21 Million |
| 2023 | 0.01% | 0.00% | 1.25x | 3.39x | R$-265.08 Million |
| 2024 | 3.80% | 0.82% | 1.41x | 3.31x | R$-168.39 Million |
| 2025 | 8.44% | 1.75% | 1.50x | 3.22x | R$-48.24 Million |
Industry Comparison
This section compares Empreendimentos Pague Menos S.A's net assets metrics with peer companies in the Pharmaceutical Retailers industry.
Industry Context
- Industry: Pharmaceutical Retailers
- Average net assets among peers: $461,666,000
- Average return on equity (ROE) among peers: 1.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Empreendimentos Pague Menos S.A (PGMN3) | R$3.36 Billion | 53.37% | 1.92x | $542.61 Million |
| d1000 Varejo Farma Participações S.A (DMVF3) | $838.14 Million | 0.24% | 0.75x | $61.86 Million |
| Raia Drogasil S.A (RADL3) | $85.19 Million | 2.27% | 0.58x | $6.86 Billion |
About Empreendimentos Pague Menos S.A
Empreendimentos Pague Menos S.A. engages in the retail sale of medicines, perfumeries, and personal hygiene and beauty products in Brazil. The company offers medicines and health care products; personal hygiene products, including deodorant, intimate care, and oral hygiene; foot, hair, face, and hand care products; dermo and beauty products; and repellent, diaper, cloth, and food products, as wel… Read more