ATENOR (ATEB.BR) Stock Fundamental Analysis

EBR:ATEB • BE0003837540

2.62 EUR
+0.06 (+2.34%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ATEB. ATEB was compared to 73 industry peers in the Real Estate Management & Development industry. The financial health of ATEB is average, but there are quite some concerns on its profitability. ATEB is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year ATEB has reported negative net income.
  • In the past year ATEB had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: ATEB reported negative net income in multiple years.
  • ATEB had negative operating cash flow in 4 of the past 5 years.
ATEB.BR Yearly Net Income VS EBIT VS OCF VS FCFATEB.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

1.2 Ratios

  • The Return On Assets of ATEB (-5.65%) is worse than 69.86% of its industry peers.
  • With a Return On Equity value of -19.52%, ATEB is not doing good in the industry: 68.49% of the companies in the same industry are doing better.
  • ATEB has a Return On Invested Capital (1.44%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -5.65%
ROE -19.52%
ROIC 1.44%
ROA(3y)-3.86%
ROA(5y)-1.24%
ROE(3y)-15.04%
ROE(5y)-4.61%
ROIC(3y)N/A
ROIC(5y)N/A
ATEB.BR Yearly ROA, ROE, ROICATEB.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20 -30

1.3 Margins

  • The Operating Margin of ATEB (6.59%) is comparable to the rest of the industry.
  • ATEB's Operating Margin has declined in the last couple of years.
  • The Gross Margin of ATEB (5.28%) is worse than 69.86% of its industry peers.
  • In the last couple of years the Gross Margin of ATEB has declined.
Industry RankSector Rank
OM 6.59%
PM (TTM) N/A
GM 5.28%
OM growth 3Y-36.83%
OM growth 5Y-9.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-37.39%
GM growth 5Y-17.51%
ATEB.BR Yearly Profit, Operating, Gross MarginsATEB.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • ATEB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, ATEB has about the same amount of shares outstanding.
  • The number of shares outstanding for ATEB has been increased compared to 5 years ago.
  • ATEB has a better debt/assets ratio than last year.
ATEB.BR Yearly Shares OutstandingATEB.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
ATEB.BR Yearly Total Debt VS Total AssetsATEB.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • Based on the Altman-Z score of 1.04, we must say that ATEB is in the distress zone and has some risk of bankruptcy.
  • ATEB has a Altman-Z score (1.04) which is comparable to the rest of the industry.
  • The Debt to FCF ratio of ATEB is 5.80, which is a neutral value as it means it would take ATEB, 5.80 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 5.80, ATEB belongs to the best of the industry, outperforming 83.56% of the companies in the same industry.
  • ATEB has a Debt/Equity ratio of 1.60. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.60, ATEB is doing worse than 75.34% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF 5.8
Altman-Z 1.04
ROIC/WACC0.33
WACC4.34%
ATEB.BR Yearly LT Debt VS Equity VS FCFATEB.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

2.3 Liquidity

  • A Current Ratio of 3.34 indicates that ATEB has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 3.34, ATEB belongs to the top of the industry, outperforming 82.19% of the companies in the same industry.
  • A Quick Ratio of 0.41 indicates that ATEB may have some problems paying its short term obligations.
  • ATEB's Quick ratio of 0.41 is on the low side compared to the rest of the industry. ATEB is outperformed by 65.75% of its industry peers.
Industry RankSector Rank
Current Ratio 3.34
Quick Ratio 0.41
ATEB.BR Yearly Current Assets VS Current LiabilitesATEB.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 79.25% over the past year.
  • The Revenue has grown by 18.70% in the past year. This is quite good.
  • ATEB shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.45% yearly.
EPS 1Y (TTM)79.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-8069.23%
Revenue 1Y (TTM)18.7%
Revenue growth 3Y24.13%
Revenue growth 5Y25.45%
Sales Q2Q%-60.84%

3.2 Future

  • The Earnings Per Share is expected to grow by 93.61% on average over the next years. This is a very strong growth
  • ATEB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.75% yearly.
EPS Next Y68.81%
EPS Next 2Y65.61%
EPS Next 3Y93.61%
EPS Next 5YN/A
Revenue Next Year-17.63%
Revenue Next 2Y-3.07%
Revenue Next 3Y3.75%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ATEB.BR Yearly Revenue VS EstimatesATEB.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M
ATEB.BR Yearly EPS VS EstimatesATEB.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for ATEB. In the last year negative earnings were reported.
  • A Price/Forward Earnings ratio of 10.27 indicates a reasonable valuation of ATEB.
  • ATEB's Price/Forward Earnings ratio is rather cheap when compared to the industry. ATEB is cheaper than 89.04% of the companies in the same industry.
  • ATEB is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 10.27
ATEB.BR Price Earnings VS Forward Price EarningsATEB.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ATEB.
  • Based on the Price/Free Cash Flow ratio, ATEB is valued cheaply inside the industry as 97.26% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 1.4
EV/EBITDA 47.2
ATEB.BR Per share dataATEB.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ATEB's earnings are expected to grow with 93.61% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y65.61%
EPS Next 3Y93.61%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 17.56%, ATEB is a good candidate for dividend investing.
  • ATEB's Dividend Yield is rather good when compared to the industry average which is at 4.23. ATEB pays more dividend than 95.89% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ATEB pays a better dividend.
Industry RankSector Rank
Dividend Yield 17.56%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
ATEB.BR Yearly Dividends per shareATEB.BR Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 0.5 1 1.5 2 2.5

5.3 Sustainability

DP0%
EPS Next 2Y65.61%
EPS Next 3Y93.61%
ATEB.BR Yearly Income VS Free CF VS DividendATEB.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M

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Find the best dividend stocksShow peers with best dividend

ATENOR

EBR:ATEB (3/2/2026, 7:00:00 PM)

2.62

+0.06 (+2.34%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)02-26
Earnings (Next)05-18
Inst Owners0.38%
Inst Owner ChangeN/A
Ins Owners17.22%
Ins Owner ChangeN/A
Market Cap159.90M
Revenue(TTM)243.69M
Net Income(TTM)-62.09M
Analysts41.82
Price Target4.11 (56.87%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 17.56%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-5%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 10.27
P/S 0.66
P/FCF 1.4
P/OCF 1.39
P/B 0.5
P/tB 0.5
EV/EBITDA 47.2
EPS(TTM)-1.33
EYN/A
EPS(NY)0.26
Fwd EY9.73%
FCF(TTM)1.87
FCFY71.32%
OCF(TTM)1.89
OCFY71.97%
SpS3.99
BVpS5.21
TBVpS5.21
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -5.65%
ROE -19.52%
ROCE 1.92%
ROIC 1.44%
ROICexc 1.44%
ROICexgc 1.44%
OM 6.59%
PM (TTM) N/A
GM 5.28%
FCFM 46.8%
ROA(3y)-3.86%
ROA(5y)-1.24%
ROE(3y)-15.04%
ROE(5y)-4.61%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-23.61%
ROICexgc growth 5Y7.57%
ROICexc growth 3Y-23.61%
ROICexc growth 5Y7.57%
OM growth 3Y-36.83%
OM growth 5Y-9.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-37.39%
GM growth 5Y-17.51%
F-Score4
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 1.6
Debt/FCF 5.8
Debt/EBITDA 29.45
Cap/Depr 81.74%
Cap/Sales 0.42%
Interest Coverage 0.47
Cash Conversion 664.6%
Profit Quality N/A
Current Ratio 3.34
Quick Ratio 0.41
Altman-Z 1.04
F-Score4
WACC4.34%
ROIC/WACC0.33
Cap/Depr(3y)96.39%
Cap/Depr(5y)99.01%
Cap/Sales(3y)1.35%
Cap/Sales(5y)1%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)79.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-8069.23%
EPS Next Y68.81%
EPS Next 2Y65.61%
EPS Next 3Y93.61%
EPS Next 5YN/A
Revenue 1Y (TTM)18.7%
Revenue growth 3Y24.13%
Revenue growth 5Y25.45%
Sales Q2Q%-60.84%
Revenue Next Year-17.63%
Revenue Next 2Y-3.07%
Revenue Next 3Y3.75%
Revenue Next 5YN/A
EBIT growth 1Y218.26%
EBIT growth 3Y-21.59%
EBIT growth 5Y13.59%
EBIT Next Year-17.6%
EBIT Next 3Y40.25%
EBIT Next 5YN/A
FCF growth 1Y205.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y207.93%
OCF growth 3YN/A
OCF growth 5YN/A

ATENOR / ATEB.BR FAQ

Can you provide the ChartMill fundamental rating for ATENOR?

ChartMill assigns a fundamental rating of 4 / 10 to ATEB.BR.


What is the valuation status for ATEB stock?

ChartMill assigns a valuation rating of 6 / 10 to ATENOR (ATEB.BR). This can be considered as Fairly Valued.


How profitable is ATENOR (ATEB.BR) stock?

ATENOR (ATEB.BR) has a profitability rating of 1 / 10.


What is the earnings growth outlook for ATENOR?

The Earnings per Share (EPS) of ATENOR (ATEB.BR) is expected to grow by 68.81% in the next year.