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Vibra Energia (VBBR) USD

At a glance: strengths & risks
✓Revenue growing (+38% y/y, Q2 2026)✓Profit growing (×8.8 y/y, Q2 2026)✓Margins improving (3%→7%, Q2 2026)✗High leverage (3.3x EBITDA)

Sector: Fuel distribution

BR_VBBR

Price chart

29.6 BRLDay -3.46%

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
29.6 BRL · -3.46%
Market cap
6.5 bn USD

Growth

Δ revenue y/y
38.1%
Δ EBITDA y/y
259.7%

Multiples

P/E (LTM)
6.6x
3y avg: 8.0x
P/B (FY)
1.7x
P/E (ann.)
3.5x
EV/EBITDA (LTM)
5.0x
3y avg: 5.3x
EV/EBITDA (ann.)
2.9x

Cash return

Dividend yield
6.7%
FCF yield (LTM)
14.7%

Value creation

fundamental value/yr, % of market cap
Value created / year
+40.0%
↓ details

Liquidity

Daily turnover (listing)
430.5 mln BRL

Shares: yahoo_fundamentals_timeseries/VBBR3.SA

Financial results

Monetary columns are in B 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.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30Q2 2026 (3M)PARTIAL11.3
y/y 38.1%
0.8
y/y 314.4%
0.1
y/y 46.9%
0.8
y/y 259.7%
0.5
y/y 784.4%
0.60.013.0
y/y 21.2%
4.7
y/y 23.5%
41.1%3.2Link
2026-03-31Q1 2026 (3M)PARTIAL9.6
y/y 19.9%
0.5
y/y 92.8%
0.1
y/y 33.8%
0.6
y/y 84.8%
0.3
y/y 200.6%
0.50.012.8
y/y 15.6%
4.4
y/y 16.5%
31.6%3.6Link
2025-12-31Q4 2025 (3M)PARTIAL9.2
y/y 28.2%
0.2
y/y 253.0%
0.1
y/y 143.9%
0.2
y/y 220.9%
0.1
y/y 50.2%
0.3-0.111.1
y/y 40.4%
3.8
y/y 14.8%
9.3%3.6Link
2025-09-30Q3 2025 (3M)PARTIAL9.0
y/y 11.9%
0.2
y/y -76.4%
0.0
y/y 105.7%
0.3
y/y -72.0%
0.1
y/y -89.6%
0.7-0.111.3
y/y 37.4%
4.0
y/y 11.9%
7.8%3.5Link
2025-06-30Q2 2025 (3M)PARTIAL8.2
y/y 8.9%
0.2
y/y -15.7%
0.0
y/y 96.1%
0.2
y/y -4.6%
0.1
y/y -66.1%
0.1-0.110.7
y/y 35.5%
3.8
y/y 27.9%
5.6%3.8Link
2025-03-31Q1 2025 (3M)PARTIAL8.0
y/y 3.1%
0.3
y/y -10.4%
0.0
y/y 54.1%
0.3
y/y -4.9%
0.1
y/y -30.6%
0.2-0.111.1
y/y 31.3%
3.7
y/y 15.5%
12.2%3.7Link
2024-12-31Q4 2024 (3M)PARTIAL7.2
y/y -20.5%
0.1
y/y -94.3%
0.0
y/y -24.4%
0.1
y/y -92.2%
0.1
y/y -87.9%
0.2-0.17.9
y/y -11.7%
3.3
y/y 1.5%
30.1%1.7Link
2024-09-30Q3 2024 (3M)PARTIAL8.0
y/y -5.9%
0.8
y/y 138.1%
0.0
y/y -11.8%
0.8
y/y 128.7%
0.6
y/y 193.1%
0.30.08.2
y/y 1.6%
3.5
y/y 31.9%
89.8%1.6Link
2024-06-30Q2 2024 (3M)PARTIAL7.5
y/y -4.7%
-0.1
y/y 96.1%
0.0
y/y -16.4%
-0.1
y/y 72.9%
0.2
y/y 448.7%
0.2-0.17.9
y/y -5.8%
2.9
y/y 8.6%
20.0%1.9Link
2024-03-31Q1 2024 (3M)PARTIAL7.7
y/y -1.2%
0.3
y/y 255.5%
0.0
y/y 1.0%
0.3
y/y 193.3%
0.2
y/y 849.0%
0.00.08.4
y/y 4.5%
3.2
y/y 27.1%
19.0%2.0Link
2023-12-31Q4 2023 (3M)PARTIAL9.0
y/y —
0.9
y/y —
0.0
y/y —
1.0
y/y —
0.7
y/y —
0.3-0.19.0
y/y —
3.3
y/y —
33.2%1.8Link
2023-09-30Q3 2023 (3M)PARTIAL8.5
y/y —
0.4
y/y —
0.0
y/y —
0.4
y/y —
0.2
y/y —
0.40.08.1
y/y —
2.7
y/y —
36.8%1.9Link
2023-06-30Q2 2023 (3M)PARTIAL7.9
y/y —
0.1
y/y —
0.0
y/y —
0.1
y/y —
0.0
y/y —
0.10.08.4
y/y —
2.7
y/y —
4.3%2.4Link
2023-03-31Q1 2023 (3M)PARTIAL7.8
y/y —
0.1
y/y —
0.0
y/y —
0.1
y/y —
0.0
y/y —
0.50.08.1
y/y —
2.5
y/y —
—2.3Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 5005 0007 50010 00012 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%0%100%200%300%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

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

-20002004006002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

01 0002 0003 0004 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 1.31x of reported net profit; after capex, 1.16x.
year202320242025
cash flow / profit1.31x0.65x3.37x
accruals, % of assets-3.4%4.5%-7.7%
Last twelve months (to 2026-06-30): 2.06x of profit came back as operating cash flow.
net debt / EBITDA 3.3x
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: +40.0%

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)
= (830 − 231) × 2.33
433
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (6 498 + 3 179) ÷ 1 936
5.0x
3. Target multiple
(Current EV/EBITDA + 7) ÷ 2
= (5.0 + 7) ÷ 2
6.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 600 + 0 + 0 − 0
0
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (433 × 6.0 + 0) ÷ 6 498
+40.0%

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
  • net-cash rise stripped: net debt fell while EBITDA declined and no share dilution measured (likely equity raise / recapitalisation)
  • EBITDA-growth term damped to the multi-year FY trend SIZE but kept the latest period direction (up) - the trend pointed the other way

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +24% vs -17% the year before — a +41.0 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
Lojas RennerBrazil1.62.4x
AssaiBrazil1.93.6x
AzulBrazil1.84.2x
CyrelaBrazil1.24.4x
AmbevBrazil41.56.6x
SLC AgricolaBrazil1.86.6x
Group median4.2x
Group average4.3x
This companyBrazil6.55.0x

Group median 4.2x; this company 5.0x — a 19% premium.

Group average 4.3x; against the average this company is at a 16% premium.

At the adjusted group median the market cap would be -24% 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
2026-09-220.4174 BRLEx-dividend: 0.4174 BRL per sharePaidYahoo Finance (ex-div)
2026-06-230.4666 BRLEx-dividend: 0.4666 BRL per sharePaidYahoo Finance (ex-div)
2026-03-270.33 BRLEx-dividend: 0.33 BRL per sharePaidYahoo Finance (ex-div)
2025-11-260.7634 BRLEx-dividend: 0.7634 BRL per sharePaidYahoo Finance (ex-div)
2025-04-170.4709 BRLEx-dividend: 0.4709 BRL per sharePaidYahoo Finance (ex-div)
2025-03-240.2932 BRLEx-dividend: 0.2932 BRL per sharePaidYahoo Finance (ex-div)
2024-12-260.2446 BRLEx-dividend: 0.2446 BRL per sharePaidYahoo Finance (ex-div)
2024-09-240.2194 BRLEx-dividend: 0.2194 BRL per sharePaidYahoo Finance (ex-div)
2024-07-010.4359 BRLEx-dividend: 0.4359 BRL per sharePaidYahoo Finance (ex-div)
2024-04-190.5661 BRLEx-dividend: 0.5661 BRL per sharePaidYahoo Finance (ex-div)
2023-12-260.3768 BRLEx-dividend: 0.3768 BRL per sharePaidYahoo Finance (ex-div)
2023-09-220.4006 BRLEx-dividend: 0.4006 BRL per sharePaidYahoo Finance (ex-div)
2022-12-220.3643 BRLEx-dividend: 0.3643 BRL per sharePaidYahoo Finance (ex-div)
2022-09-220.3257 BRLEx-dividend: 0.3257 BRL per sharePaidYahoo Finance (ex-div)
2022-04-290.1093 BRLEx-dividend: 0.1093 BRL per sharePaidYahoo Finance (ex-div)
2021-12-150.1228 BRLEx-dividend: 0.1228 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=24295

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 Vibra Energia (VBBR) — from primary filings.

Frequently asked questions

What is Vibra Energia (VBBR)'s P/E ratio?
Vibra Energia (VBBR) trades at a P/E of 6.6x (price to trailing 12-month earnings).
What is Vibra Energia (VBBR)'s EV/EBITDA?
Vibra Energia (VBBR) trades at 5.0x EV/EBITDA.
What is Vibra Energia (VBBR)'s P/B ratio?
Vibra Energia (VBBR) trades at a P/B of 1.7x.
What is Vibra Energia (VBBR)'s dividend yield?
Vibra Energia (VBBR)'s trailing 12-month dividend yield is 6.7%.
What is Vibra Energia (VBBR)'s return on equity (ROE)?
Vibra Energia (VBBR)'s ROE is 41.1%.
What is Vibra Energia (VBBR)'s market capitalization?
Vibra Energia (VBBR)'s market cap is 6.5 bn USD.

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