Frontierby eninvs

Language: EN / RU

← Region

Magazine Luiza (MGLU) USD

At a glance: strengths & risks
✓Revenue growing (+7% y/y, Q2 2026)✓Low leverage (0.9x EBITDA)

Sector: Retail

BR_MGLU

Price chart

5.35 BRLDay 4.29%

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
5.35 BRL · 4.29%
Market cap
763 mln USD

Growth

Δ revenue y/y
7.0%
Δ EBITDA y/y
7.9%

Multiples

P/E (LTM)
20.4x
3y avg: 23.1x
P/B (FY)
0.4x
P/E (ann.)
<0
EV/EBITDA (LTM)
2.3x
3y avg: 2.9x
EV/EBITDA (ann.)
2.6x

Cash return

Dividend yield
1.5%
FCF yield (LTM)
—

Value creation

fundamental value/yr, % of market cap
Value created / year
+40.7%
↓ details

Liquidity

Daily turnover (listing)
262.4 mln BRL

Shares: yahoo_fundamentals_timeseries/MGLU3.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)PARTIAL1752.4
y/y 7.0%
67.7
y/y 2.3%
65.3
y/y 14.4%
133.0
y/y 7.9%
-14.3
y/y —
967.9-30.57072.0
y/y 6.8%
2199.0
y/y 10.6%
-2.6%627.0Link
2026-03-31Q1 2026 (3M)PARTIAL1834.7
y/y 9.8%
70.3
y/y -9.8%
66.3
y/y 15.2%
136.6
y/y 0.9%
-11.0
y/y -584.4%
899.2-37.87316.8
y/y 15.6%
2246.4
y/y 11.2%
-2.0%684.7Link
2025-12-31Q4 2025 (3M)PARTIAL2036.6
y/y 16.6%
114.1
y/y 36.9%
59.0
y/y 11.3%
173.1
y/y 26.9%
24.0
y/y -49.6%
1033.8-44.66922.9
y/y 14.6%
2059.5
y/y 12.4%
1.8%531.2Link
2025-09-30Q3 2025 (3M)PARTIAL1677.2
y/y 7.4%
90.5
y/y 47.5%
59.5
y/y -4.7%
150.0
y/y 21.2%
15.7
y/y -11.5%
242.9-50.66916.0
y/y 11.6%
2073.6
y/y 8.0%
3.1%811.6Link
2025-06-30Q2 2025 (3M)PARTIAL1638.4
y/y 2.0%
66.2
y/y 11.9%
57.1
y/y -0.9%
123.2
y/y 5.6%
-4.4
y/y -203.8%
722.5-37.06620.8
y/y 6.2%
1988.2
y/y 1.7%
-0.9%734.3Link
2025-03-31Q1 2025 (3M)PARTIAL1670.6
y/y -7.5%
77.9
y/y 10.1%
57.5
y/y -8.8%
135.4
y/y 1.2%
2.3
y/y -58.4%
840.4-30.06330.4
y/y -13.0%
2021.0
y/y -5.1%
0.5%508.3Link
2024-12-31Q4 2024 (3M)PARTIAL1746.1
y/y -19.9%
83.3
y/y 65.8%
53.0
y/y -16.0%
136.4
y/y 20.3%
47.7
y/y 8.8%
2229.7-40.56039.6
y/y -22.0%
1832.2
y/y -7.7%
3.9%391.2Link
2024-09-30Q3 2024 (3M)PARTIAL1562.1
y/y -8.1%
61.4
y/y —
62.4
y/y 1.7%
123.8
y/y —
17.8
y/y —
85.4-25.76196.1
y/y -15.3%
1920.2
y/y 1.6%
3.7%526.6Link
2024-06-30Q2 2024 (3M)PARTIAL1605.7
y/y -11.5%
59.1
y/y —
57.6
y/y -14.9%
116.7
y/y 94.2%
4.2
y/y —
363.5-26.46233.6
y/y -17.3%
1955.8
y/y -7.7%
0.8%447.5Link
2024-03-31Q1 2024 (3M)PARTIAL1805.6
y/y -0.7%
70.8
y/y 2061.3%
63.1
y/y 2.1%
133.8
y/y 105.9%
5.5
y/y —
-92.1-35.77273.6
y/y 6.0%
2130.1
y/y 3.2%
1.1%848.1Link
2023-12-31Q4 2023 (3M)PARTIAL2180.2
y/y —
50.3
y/y —
63.1
y/y —
113.4
y/y —
43.9
y/y —
156.4-35.77740.3
y/y —
1986.1
y/y —
-10.4%823.0Link
2023-09-30Q3 2023 (3M)PARTIAL1700.1
y/y —
-110.5
y/y —
61.4
y/y —
-56.7
y/y —
-98.8
y/y —
302.3-26.57316.3
y/y —
1889.1
y/y —
-19.7%816.2Link
2023-06-30Q2 2023 (3M)PARTIAL1814.9
y/y —
-10.9
y/y —
67.7
y/y —
60.1
y/y —
-63.9
y/y —
-495.8-33.17536.9
y/y —
2119.6
y/y —
-12.2%1004.6Link
2023-03-31Q1 2023 (3M)PARTIAL1818.9
y/y —
3.3
y/y —
61.7
y/y —
65.0
y/y —
-78.5
y/y —
400.9-35.76863.6
y/y —
2064.2
y/y —
—1010.7Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05001 0001 5002 0002 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-50%0%50%100%150%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

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

-1 00001 0002 0003 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

02004006008001 0002024 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 35.29x of reported net profit; after capex, 33.66x. Loss years (2023) are left out of the ratio.
year202320242025
cash flow / profit—35.29x—
accruals, % of assets-11.6%-41.2%-40.9%
net debt / EBITDA 0.9x
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: +40.7%

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)
= (133 − 123) × 4.46
43
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (763 + 627) ÷ 593
2.3x
3. Target multiple
(Current EV/EBITDA + 7) ÷ 2
= (2.3 + 7) ÷ 2
4.7x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 107 + 0 + 0 − 0
107
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (43 × 4.7 + 107) ÷ 763
+40.7%

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 +15% vs -19% the year before — a +33.8 pp move. 3-year CAGR —.
revenue growth by year: 2024 -19% · 2025 +15%
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: Retail. Each peer is shown as it trades and re-priced onto this company's market (Brazil) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
MagnitRussia1.62.0x3.3x
Fix PriceRussia0.62.1x3.3x
X5 Retail GroupRussia7.32.7x4.3x
Woolworths HoldingsSouth Africa2.13.7x4.4x
VseInstrumentiRussia0.52.8x4.5x
LentaRussia2.73.0x4.8x
BelugaRussia0.33.0x4.9x
The Foschini GroupSouth Africa0.95.0x5.9x
Walmart de México y Centroamérica, S.A.B. de C.V.Mexico46.38.2x6.7x
Abrau DursoRussia0.25.0x8.0x
Shoprite HoldingsSouth Africa11.17.1x8.3x
OKEYRussia0.25.5x8.8x
Group median3.4x4.9x
Group average4.2x5.6x
This companyBrazil0.82.3x2.3x

Group median 3.4x as traded, 4.9x adjusted; this company 2.3x — a 52% discount.

Group average 4.2x as traded, 5.6x adjusted; against the average this company is at a 58% discount.

At the adjusted group median the market cap would be +182% 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
2026-04-270.0813 BRLEx-dividend: 0.0813 BRL per sharePaidYahoo Finance (ex-div)
2025-04-280.2906 BRLEx-dividend: 0.2906 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=22470

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 Magazine Luiza (MGLU) — from primary filings.

Frequently asked questions

What is Magazine Luiza (MGLU)'s P/E ratio?
Magazine Luiza (MGLU) trades at a P/E of 20.4x (price to trailing 12-month earnings).
What is Magazine Luiza (MGLU)'s EV/EBITDA?
Magazine Luiza (MGLU) trades at 2.3x EV/EBITDA.
What is Magazine Luiza (MGLU)'s P/B ratio?
Magazine Luiza (MGLU) trades at a P/B of 0.4x.
What is Magazine Luiza (MGLU)'s dividend yield?
Magazine Luiza (MGLU)'s trailing 12-month dividend yield is 1.5%.
What is Magazine Luiza (MGLU)'s return on equity (ROE)?
Magazine Luiza (MGLU)'s ROE is -2.6%.
What is Magazine Luiza (MGLU)'s market capitalization?
Magazine Luiza (MGLU)'s market cap is 763 mln USD.

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