Frontierby eninvs

Language: EN · RU

← Region

B3 Exchange USD

At a glance: strengths & risks
✓Revenue growing (+23% y/y, Q2 2026)✓Profit growing (+41% y/y, Q2 2026)✓Net cash balance sheet

Sector: Exchanges

BR_B3

Price chart

17.58 BRLDay 0.92%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
17.58 BRL · 0.92%
Market cap
17.7 bn USD

Growth

Δ revenue y/y
23.2%
Δ EBITDA y/y
22.9%

Multiples

P/E (LTM)
17.1x
P/B (FY)
5.5x
P/E (ann.)
13.2x
EV/EBITDA (LTM)
11.8x
EV/EBITDA (ann.)
11.0x

Cash return

Dividend yield
4.3%
FCF yield (LTM)
1.7%

Value creation

fundamental value/yr, % of market cap
Value created / year
+16.2%
↓ details

Liquidity

Daily turnover
—

Shares: yahoo_fundamentals_timeseries/B3SA3.SA

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)PARTIAL606.8
y/y 23.2%
377.1
y/y 23.8%
18.8
y/y 8.0%
395.8
y/y 22.9%
335.0
y/y 40.8%
-182.41.49639.7
y/y 14.3%
3688.3
y/y 4.1%
36.6%-309.0Link
2026-03-31Q1 2026 (3M)PARTIAL638.1
y/y 35.0%
389.0
y/y 40.2%
19.1
y/y 9.9%
408.1
y/y 38.4%
294.4
y/y 49.6%
311.1-2.19680.9
y/y 17.5%
3642.8
y/y 8.9%
34.5%-124.9Link
2025-12-31Q4 2025 (3M)PARTIAL551.5
y/y 102.2%
324.2
y/y 111.8%
18.2
y/y 285.8%
342.4
y/y 116.9%
171.3
y/y 37.6%
389.4-14.28854.2
y/y 20.9%
3189.1
y/y 7.2%
24.4%-108.9Link
2025-09-30Q3 2025 (3M)PARTIAL514.1
y/y 9.3%
305.8
y/y 9.9%
17.8
y/y 2.8%
323.6
y/y 9.4%
231.5
y/y 10.7%
299.8-6.28795.2
y/y 10.0%
3678.5
y/y 10.6%
8.5%-212.4Link
2025-06-30Q2 2025 (3M)PARTIAL492.5
y/y 1.3%
304.7
y/y -1.1%
17.4
y/y 9.7%
322.0
y/y -0.6%
238.0
y/y 7.3%
220.2-4.88435.5
y/y 1.9%
3542.4
y/y 3.9%
27.6%-14.9Link
2025-03-31Q1 2025 (3M)PARTIAL472.8
y/y -1.9%
277.4
y/y 16.0%
17.4
y/y -68.3%
294.8
y/y 0.3%
196.8
y/y 6.1%
-113.4-1.28237.0
y/y -12.7%
3346.5
y/y -13.9%
24.9%64.5Link
2024-12-31Q4 2024 (3M)PARTIAL272.8
y/y -49.4%
153.1
y/y -39.9%
4.7
y/y -92.2%
157.8
y/y -49.9%
124.5
y/y -37.6%
259.0-8.27321.1
y/y -28.3%
2975.7
y/y -29.0%
23.5%-11.6Link
2024-09-30Q3 2024 (3M)PARTIAL470.5
y/y -4.6%
278.4
y/y 4.3%
17.3
y/y -69.0%
295.7
y/y -8.4%
209.0
y/y -1.8%
212.6-4.87994.7
y/y -15.7%
3324.7
y/y -17.1%
8.3%-346.2Link
2024-06-30Q2 2024 (3M)PARTIAL486.0
y/y -7.3%
308.0
y/y 5.9%
-38.9
y/y -72.2%
323.8
y/y -6.9%
221.7
y/y -0.5%
733.8-2.48277.3
y/y -17.1%
3409.2
y/y -21.7%
24.3%-425.8Link
2024-03-31Q1 2024 (3M)PARTIAL482.0
y/y -2.3%
239.1
y/y -12.1%
54.7
y/y 5.1%
293.8
y/y -9.4%
185.6
y/y -15.1%
299.6-0.39435.9
y/y 2.7%
3886.6
y/y -5.8%
18.4%-561.5Link
2023-12-31Q4 2023 (3M)PARTIAL538.8
y/y —
254.7
y/y —
60.4
y/y —
315.2
y/y —
199.6
y/y —
-201.7-10.110213.3
y/y —
4192.3
y/y —
20.8%-408.9Link
2023-09-30Q3 2023 (3M)PARTIAL493.5
y/y —
267.0
y/y —
55.8
y/y —
322.8
y/y —
212.9
y/y —
-188.9-1.59487.1
y/y —
4012.2
y/y —
6.8%-664.7Link
2023-06-30Q2 2023 (3M)PARTIAL524.4
y/y —
291.0
y/y —
56.9
y/y —
347.9
y/y —
222.9
y/y —
175.5-1.29988.1
y/y —
4351.4
y/y —
21.0%-600.1Link
2023-03-31Q1 2023 (3M)PARTIAL493.6
y/y —
272.2
y/y —
52.1
y/y —
324.3
y/y —
218.5
y/y —
271.9-2.59188.5
y/y —
4124.1
y/y —
—-501.9Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02004006002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-50%0%50%100%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-20002004006008002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-600-400-20002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +16.2%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (396 − 322) × 3.71
274
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (17 682 + -309) ÷ 1 470
11.8x
3. Target multiple
(Current EV/EBITDA + 7) ÷ 2
= (11.8 + 7) ÷ 2
9.4x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 294 + 0 + 0 − 0
294
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (274 × 9.4 + 294) ÷ 17 682
+16.2%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +19% vs -17% the year before — a +35.2 pp move. 3-year CAGR —.
revenue growth by year: 2024 -17% · 2025 +19%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-06-250.2212 BRLEx-dividend: 0.2212 BRL per sharePaidYahoo Finance (ex-div)
2026-04-010.0743 BRLEx-dividend: 0.0743 BRL per sharePaidYahoo Finance (ex-div)
2026-01-020.3805 BRLEx-dividend: 0.3805 BRL per sharePaidYahoo Finance (ex-div)
2025-09-240.0783 BRLEx-dividend: 0.0783 BRL per sharePaidYahoo Finance (ex-div)
2025-06-240.0728 BRLEx-dividend: 0.0728 BRL per sharePaidYahoo Finance (ex-div)
2025-03-260.0628 BRLEx-dividend: 0.0628 BRL per sharePaidYahoo Finance (ex-div)
2025-01-020.064 BRLEx-dividend: 0.064 BRL per sharePaidYahoo Finance (ex-div)
2024-09-250.0957 BRLEx-dividend: 0.0957 BRL per sharePaidYahoo Finance (ex-div)
2024-06-190.0861 BRLEx-dividend: 0.0861 BRL per sharePaidYahoo Finance (ex-div)
2024-03-270.0525 BRLEx-dividend: 0.0525 BRL per sharePaidYahoo Finance (ex-div)
2024-02-280.0669 BRLEx-dividend: 0.0669 BRL per sharePaidYahoo Finance (ex-div)
2024-01-020.1005 BRLEx-dividend: 0.1005 BRL per sharePaidYahoo Finance (ex-div)
2023-09-220.1057 BRLEx-dividend: 0.1057 BRL per sharePaidYahoo Finance (ex-div)
2023-06-280.1154 BRLEx-dividend: 0.1154 BRL per sharePaidYahoo Finance (ex-div)
2023-03-290.0602 BRLEx-dividend: 0.0602 BRL per sharePaidYahoo Finance (ex-div)
2023-02-240.0367 BRLEx-dividend: 0.0367 BRL per sharePaidYahoo Finance (ex-div)
2023-01-020.064 BRLEx-dividend: 0.064 BRL per sharePaidYahoo Finance (ex-div)
2022-12-230.0242 BRLEx-dividend: 0.0242 BRL per sharePaidYahoo Finance (ex-div)
2022-09-230.0829 BRLEx-dividend: 0.0829 BRL per sharePaidYahoo Finance (ex-div)
2022-06-290.1308 BRLEx-dividend: 0.1308 BRL per sharePaidYahoo Finance (ex-div)
2022-03-250.1815 BRLEx-dividend: 0.1815 BRL per sharePaidYahoo Finance (ex-div)
2022-01-030.0498 BRLEx-dividend: 0.0498 BRL per sharePaidYahoo Finance (ex-div)
2021-12-210.1495 BRLEx-dividend: 0.1495 BRL per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.rad.cvm.gov.br/ENET/frmConsultaExternaCVM.aspx?codigoCVM=21610

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of B3 Exchange — from primary filings.

Frequently asked questions

What is B3 Exchange's P/E ratio?
B3 Exchange trades at a P/E of 17.1x (price to trailing 12-month earnings).
What is B3 Exchange's EV/EBITDA?
B3 Exchange trades at 11.8x EV/EBITDA.
What is B3 Exchange's P/B ratio?
B3 Exchange trades at a P/B of 5.5x.
What is B3 Exchange's dividend yield?
B3 Exchange's trailing 12-month dividend yield is 4.3%.
What is B3 Exchange's return on equity (ROE)?
B3 Exchange's ROE is 36.6%.
What is B3 Exchange's market capitalization?
B3 Exchange's market cap is 17.7 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map