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Grupo Mateus SA
BOVESPA:GMAT3

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Grupo Mateus SA
BOVESPA:GMAT3
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Price: 4.49 BRL -1.32% Market Closed
Market Cap: R$10.3B

EV/S

0.4
Current
42%
Cheaper
vs 3-y average of 0.6

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.4
=
Enterprise Value
R$14B
/
Revenue
R$38.4B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.4
=
Enterprise Value
R$14B
/
Revenue
R$38.4B

Valuation Scenarios

Grupo Mateus SA is trading below its 3-year average

If EV/S returns to its 3-Year Average (0.6), the stock would be worth R$7.7 (72% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+322%
Average Upside
123%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 0.4 R$4.49
0%
3-Year Average 0.6 R$7.7
+72%
5-Year Average 0.7 R$8.36
+86%
Industry Average 0.4 R$5.07
+13%
Country Average 1.5 R$18.93
+322%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
R$14B
/
Jan 2026
R$38.4B
=
0.4
Current
R$14B
/
Dec 2026
R$47B
=
0.3
Forward
R$14B
/
Dec 2027
R$53.1B
=
0.3
Forward
R$14B
/
Dec 2028
R$60.6B
=
0.2
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
BR
Grupo Mateus SA
BOVESPA:GMAT3
10.2B BRL 0.4 5.5
US
Walmart Inc
NASDAQ:WMT
1T USD 1.5 46.4
US
Costco Wholesale Corp
NASDAQ:COST
441B USD 1.5 51.6
MX
Wal Mart de Mexico SAB de CV
BMV:WALMEX
919.7B MXN 1 18.5
JP
Aeon Co Ltd
TSE:8267
4.3T JPY 0.5 59.7
AU
Coles Group Ltd
ASX:COL
30.8B AUD 0.9 30.5
FR
Carrefour SA
PAR:CA
11.8B EUR 0.3 37
US
BJ's Wholesale Club Holdings Inc
NYSE:BJ
12B USD 0.6 20.7
TH
Siam Makro PCL
SET:MAKRO
380.9B THB 1.1 49.5
US
PriceSmart Inc
NASDAQ:PSMT
4.8B USD 0.8 31.5
BR
Atacadao SA
BOVESPA:CRFB3
17.9B BRL 0.2 9.2

Market Distribution

Lower than 93% of companies in Brazil
Percentile
7th
Based on 494 companies
7th percentile
0.4
Low
0.1 — 1
Typical Range
1 — 2.6
High
2.6 —
Distribution Statistics
Brazil
Min 0.1
30th Percentile 1
Median 1.5
70th Percentile 2.6
Max 40.3

Grupo Mateus SA
Glance View

Market Cap
10.3B BRL
Industry
Retail

Grupo Mateus SA, a dynamic force in the Brazilian retail and wholesale market, is a compelling tale of entrepreneurial zeal and regional dominance. Established in the heart of the Maranhão state, the company embarked on its journey as a small venture in 1986. Under the astute leadership of its founder, Ilson Mateus, the group expanded its operations by leveraging local market knowledge and a deep understanding of the socioeconomic landscape. Over the years, Grupo Mateus skillfully diversified its business model to encompass a broad range of services: from operating hypermarkets and supermarkets to managing cash-and-carry stores, which effectively cater to different consumer needs and segments. Additionally, their innovative foray into e-commerce allowed them to capture the growing online demand, enhancing their distribution efficiency and market reach. Grupo Mateus’s success is underpinned by a vertically integrated supply chain, which not only enables them to maintain competitive pricing but also ensures product quality and availability. Their strategic network of distribution centers supports a seamless flow of goods across their outlets, optimizing logistics and reducing operational costs. This robust infrastructure, coupled with a keen focus on customer experience, enables Grupo Mateus to generate revenue through direct sales to end consumers, as well as supplying bulk goods to small retailers and businesses. Their adeptness at scaling operations without compromising on quality or service has solidified their reputation as a trusted brand, allowing them to continue expanding amidst Brazil's burgeoning middle class and the shifting retail landscape.

GMAT3 Intrinsic Value
7.86 BRL
Undervaluation 43%
Intrinsic Value
Price R$4.49
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