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Lojas Renner (LREN) USD

At a glance: strengths & risks
✓Revenue growing (+11% y/y, Q2 2026)✓Net cash balance sheet✓Cheaper than own history (EV/EBITDA 2.4 vs avg 5.0)

Sector: Apparel retail

BR_LREN

Price chart

8.98 BRLDay -4.26%

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
8.98 BRL · -4.26%
Market cap
1.6 bn USD

Growth

Δ revenue y/y
10.7%
Δ EBITDA y/y
5.2%

Multiples

P/E (LTM)
5.7x
3y avg: 11.5x
P/B (FY)
0.9x
P/E (ann.)
5.1x
EV/EBITDA (LTM)
2.4x
3y avg: 5.0x
EV/EBITDA (ann.)
2.1x

Cash return

Dividend yield
10.2%
FCF yield (LTM)
22.5%

Value creation

fundamental value/yr, % of market cap
Value created / year
+9.2%
↓ details

Liquidity

Daily turnover (listing)
359.6 mln BRL

Shares: yahoo_fundamentals_timeseries/LREN3.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)PARTIAL827.4
y/y 10.7%
103.7
y/y 3.6%
64.7
y/y 7.9%
168.4
y/y 5.2%
79.7
y/y 9.8%
126.6-32.93762.7
y/y 12.0%
2041.7
y/y 10.5%
15.5%-228.3Link
2026-03-31Q1 2026 (3M)PARTIAL670.8
y/y 15.7%
57.7
y/y 18.8%
65.3
y/y 16.0%
123.0
y/y 17.3%
51.3
y/y 30.4%
131.9-25.73761.4
y/y 14.5%
2066.0
y/y 13.1%
10.3%-289.9Link
2025-12-31Q4 2025 (3M)PARTIAL884.0
y/y 18.3%
125.6
y/y 39.6%
58.7
y/y 14.0%
184.2
y/y 30.3%
100.9
y/y 28.0%
172.9-62.53583.9
y/y 8.7%
1909.4
y/y 9.5%
14.0%-278.1Link
2025-09-30Q3 2025 (3M)PARTIAL662.1
y/y 12.5%
51.8
y/y 9.3%
59.2
y/y 10.6%
111.0
y/y 10.0%
51.9
y/y 17.2%
191.9-37.73409.3
y/y 2.5%
1884.6
y/y 4.5%
11.1%-234.2Link
2025-06-30Q2 2025 (3M)PARTIAL747.5
y/y 19.1%
100.1
y/y 58.3%
60.0
y/y 8.4%
160.1
y/y 35.0%
72.5
y/y 29.2%
72.1-32.93360.4
y/y -2.0%
1847.5
y/y 0.5%
15.8%-215.3Link
2025-03-31Q1 2025 (3M)PARTIAL579.6
y/y 2.0%
48.6
y/y 226.2%
56.3
y/y -6.2%
104.9
y/y 39.9%
39.3
y/y 44.5%
74.7-12.73284.3
y/y -11.8%
1826.6
y/y -7.5%
8.8%-214.7Link
2024-12-31Q4 2024 (3M)PARTIAL747.4
y/y -15.3%
89.9
y/y -27.4%
51.5
y/y -15.2%
141.4
y/y -23.4%
78.9
y/y -27.6%
155.5-44.03296.4
y/y -22.2%
1743.8
y/y -16.0%
10.9%-295.5Link
2024-09-30Q3 2024 (3M)PARTIAL588.4
y/y -4.1%
47.4
y/y 160.3%
53.5
y/y -2.2%
100.9
y/y 38.4%
44.3
y/y 29.3%
89.0-30.53327.1
y/y -15.9%
1803.9
y/y -6.8%
9.7%-241.8Link
2024-06-30Q2 2024 (3M)PARTIAL627.4
y/y -15.4%
63.2
y/y 33.0%
55.4
y/y 0.5%
118.6
y/y 15.6%
56.1
y/y 15.4%
92.8-28.43429.8
y/y -18.8%
1838.7
y/y -10.6%
11.8%-204.4Link
2024-03-31Q1 2024 (3M)PARTIAL568.4
y/y 2.1%
14.9
y/y —
60.1
y/y 11.4%
75.0
y/y 54.4%
27.2
y/y 190.1%
96.4-14.13723.0
y/y -5.7%
1973.8
y/y 1.8%
5.4%-199.3Link
2023-12-31Q4 2023 (3M)PARTIAL882.7
y/y —
123.9
y/y —
60.7
y/y —
184.5
y/y —
108.9
y/y —
213.1-74.24234.5
y/y —
2076.3
y/y —
10.1%-243.2Link
2023-09-30Q3 2023 (3M)PARTIAL613.8
y/y —
18.2
y/y —
54.7
y/y —
72.9
y/y —
34.3
y/y —
184.7-50.53955.5
y/y —
1935.2
y/y —
6.9%-220.6Link
2023-06-30Q2 2023 (3M)PARTIAL741.9
y/y —
47.5
y/y —
55.1
y/y —
102.6
y/y —
48.6
y/y —
125.2-39.54224.5
y/y —
2056.3
y/y —
9.7%-121.7Link
2023-03-31Q1 2023 (3M)PARTIAL556.7
y/y —
-5.3
y/y —
53.9
y/y —
48.5
y/y —
9.4
y/y —
21.8-18.53950.1
y/y —
1938.9
y/y —
—-74.7Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02004006008001 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-40%-20%0%20%40%60%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Cash flow after capex (OCF − capex) ($ mln)

0501001502002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-300-200-10002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2023–2025 operating cash flow came to 2.08x of reported net profit; after capex, 1.51x.
year202320242025
cash flow / profit2.73x2.08x1.92x
accruals, % of assets-8.2%-6.3%-6.9%
Last twelve months (to 2026-06-30): 2.20x of profit came back as operating cash flow.
net debt / EBITDA -0.5x
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

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: +9.2%

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)
= (168 − 160) × 3.48
29
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (1 624 + -228) ÷ 587
2.4x
3. Target multiple
(Current EV/EBITDA + 7) ÷ 2
= (2.4 + 7) ÷ 2
4.7x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 13 + 0 + 0 − 0
13
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (29 × 4.7 + 13) ÷ 1 624
+9.2%

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 +24% vs -17% the year before — a +40.8 pp move. 3-year CAGR —.
revenue growth by year: 2024 -17% · 2025 +24%
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).

Peer comparison

Group: consumer (Brazil). Every peer trades on the same market, so no adjustment is needed.

CompanyMarketCap, $bnEV/EBITDA
Magazine LuizaBrazil0.82.3x
AssaiBrazil1.93.6x
AzulBrazil1.84.2x
CyrelaBrazil1.24.4x
Vibra EnergiaBrazil6.55.0x
AmbevBrazil41.56.6x
SLC AgricolaBrazil1.86.6x
Group median4.4x
Group average4.7x
This companyBrazil1.62.4x

Group median 4.4x; this company 2.4x — a 46% discount.

Group average 4.7x; against the average this company is at a 49% discount.

At the adjusted group median the market cap would be +71% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 19.4x, Russia 3.8x, South Africa 5.2x, Kazakhstan 6.2x, India 17.7x, Indonesia 4.2x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-31; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-09-230.2407 BRLEx-dividend: 0.2407 BRL per sharePaidYahoo Finance (ex-div)
2026-06-240.2293 BRLEx-dividend: 0.2293 BRL per sharePaidYahoo Finance (ex-div)
2026-03-250.2227 BRLEx-dividend: 0.2227 BRL per sharePaidYahoo Finance (ex-div)
2025-12-120.2278 BRLEx-dividend: 0.2278 BRL per sharePaidYahoo Finance (ex-div)
2025-09-240.2197 BRLEx-dividend: 0.2197 BRL per sharePaidYahoo Finance (ex-div)
2025-07-030.203 BRLEx-dividend: 0.203 BRL per sharePaidYahoo Finance (ex-div)
2025-03-260.1878 BRLEx-dividend: 0.1878 BRL per sharePaidYahoo Finance (ex-div)
2024-12-270.1706 BRLEx-dividend: 0.1706 BRL per sharePaidYahoo Finance (ex-div)
2024-09-250.1534 BRLEx-dividend: 0.1534 BRL per sharePaidYahoo Finance (ex-div)
2024-06-260.1417 BRLEx-dividend: 0.1417 BRL per sharePaidYahoo Finance (ex-div)
2024-03-200.1366 BRLEx-dividend: 0.1366 BRL per sharePaidYahoo Finance (ex-div)
2023-12-210.1559 BRLEx-dividend: 0.1559 BRL per sharePaidYahoo Finance (ex-div)
2023-09-270.1634 BRLEx-dividend: 0.1634 BRL per sharePaidYahoo Finance (ex-div)
2023-06-280.1638 BRLEx-dividend: 0.1638 BRL per sharePaidYahoo Finance (ex-div)
2023-03-220.1658 BRLEx-dividend: 0.1658 BRL per sharePaidYahoo Finance (ex-div)
2022-12-230.1673 BRLEx-dividend: 0.1673 BRL per sharePaidYahoo Finance (ex-div)
2022-09-280.1588 BRLEx-dividend: 0.1588 BRL per sharePaidYahoo Finance (ex-div)
2022-06-290.1493 BRLEx-dividend: 0.1493 BRL per sharePaidYahoo Finance (ex-div)
2022-03-230.1308 BRLEx-dividend: 0.1308 BRL per sharePaidYahoo Finance (ex-div)
2021-12-220.1172 BRLEx-dividend: 0.1172 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=8133

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 Lojas Renner (LREN) — from primary filings.

Frequently asked questions

What is Lojas Renner (LREN)'s P/E ratio?
Lojas Renner (LREN) trades at a P/E of 5.7x (price to trailing 12-month earnings).
What is Lojas Renner (LREN)'s EV/EBITDA?
Lojas Renner (LREN) trades at 2.4x EV/EBITDA.
What is Lojas Renner (LREN)'s P/B ratio?
Lojas Renner (LREN) trades at a P/B of 0.9x.
What is Lojas Renner (LREN)'s dividend yield?
Lojas Renner (LREN)'s trailing 12-month dividend yield is 10.2%.
What is Lojas Renner (LREN)'s return on equity (ROE)?
Lojas Renner (LREN)'s ROE is 15.5%.
What is Lojas Renner (LREN)'s market capitalization?
Lojas Renner (LREN)'s market cap is 1.6 bn USD.

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