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Cyrela Brazil Realty SA Empreendimentos e Participacoes
BOVESPA:CYRE3

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Cyrela Brazil Realty SA Empreendimentos e Participacoes
BOVESPA:CYRE3
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Price: 26.55 BRL -1.85% Market Closed
Market Cap: R$12.1B

EV/EBITDA

9.9
Current
9%
Cheaper
vs 3-y average of 10.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
9.9
=
Enterprise Value
R$14.7B
/
EBITDA
R$1.5B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
9.9
=
Enterprise Value
R$14.7B
/
EBITDA
R$1.5B

Valuation Scenarios

Cyrela Brazil Realty SA Empreendimentos e Participacoes is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (10.8), the stock would be worth R$29.03 (9% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-35%
Maximum Upside
+9%
Average Downside
10%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 9.9 R$26.55
0%
3-Year Average 10.8 R$29.03
+9%
5-Year Average 10.8 R$29.01
+9%
Industry Average 7.7 R$20.55
-23%
Country Average 6.4 R$17.15
-35%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
R$14.7B
/
Jan 2026
R$1.5B
=
9.9
Current
R$14.7B
/
Dec 2026
R$2.6B
=
5.6
Forward
R$14.7B
/
Dec 2027
R$3B
=
4.9
Forward
R$14.7B
/
Dec 2028
R$3.2B
=
4.6
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
BR
Cyrela Brazil Realty SA Empreendimentos e Participacoes
BOVESPA:CYRE3
12.4B BRL 9.9 6
US
D R Horton Inc
NYSE:DHI
45.6B USD 11.6 14.4
US
DR Horton Inc
XMUN:HO2
29.5B EUR 9 10.9
US
Pultegroup Inc
NYSE:PHM
24.6B USD 7.8 11.1
US
Lennar Corp
NYSE:LEN
23.2B USD 10.4 13.1
US
NVR Inc
NYSE:NVR
18.2B USD 9.4 13.6
US
Toll Brothers Inc
NYSE:TOL
13.9B USD 8.4 10.1
JP
Sekisui House Ltd
TSE:1928
2.2T JPY 8.9 9.5
US
TopBuild Corp
NYSE:BLD
12.7B USD 15.1 24.4
UK
Barratt Developments P L C
LSE:BDEV
6.8B GBP 11.4 31.3
US
Installed Building Products Inc
NYSE:IBP
8.2B USD 17.5 30.8

Market Distribution

Higher than 73% of companies in Brazil
Percentile
73nd
Based on 483 companies
73nd percentile
9.9
Low
0.4 — 5.1
Typical Range
5.1 — 9.2
High
9.2 —
Distribution Statistics
Brazil
Min 0.4
30th Percentile 5.1
Median 6.4
70th Percentile 9.2
Max 1 748.1

Cyrela Brazil Realty SA Empreendimentos e Participacoes
Glance View

Market Cap
12.1B BRL
Industry
Consumer products

In the vibrant tapestry of Brazil's urban landscape, Cyrela Brazil Realty SA Empreendimentos e Participacoes stands as a cornerstone of real estate innovation and prowess. Founded in 1962 by Elie Horn, Cyrela has blossomed into one of the largest residential real estate companies in Brazil. Its portfolio spans high-end residences to versatile commercial properties, capturing the dynamic essence of Brazilian metropolitan life. The company is headquartered in São Paulo, the beating heart of Brazil's economic activity, and it navigates the complexities of property development with an adept understanding of local market demands, regulatory intricacies, and the unique cultural nuances of each area it serves. Cyrela's revenue streams are strategically intertwined with key phases of property development and sales. The company primarily generates income through the sale of residential units, which are meticulously designed to meet the varied tastes and needs of its clientele. Additionally, Cyrela embraces joint ventures and partnerships, sharing risks and expanding its reach across different markets. This approach not only diversifies its financial exposure but also solidifies its reputation as a collaborative force in Brazil's real estate sector. By leveraging its expertise in construction efficiency, customer service, and market adaptation, Cyrela continues to sculpt the skylines of Brazil, one innovative project at a time. Through its commitment to quality and strategic flexibility, Cyrela not only builds homes but also lays the foundation for communities, contributing to the fabric of urban life in Brazil.

CYRE3 Intrinsic Value
37.33 BRL
Undervaluation 29%
Intrinsic Value
Price R$26.55
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