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Consumer Cyclical

IGUATEMI S.A.

IGTI11 — IGUATEMI S.A.

CNPJ 60.543.816/0001-93 · listed classes: IGTI11, IGTI3, IGTI4, JPSA3 · CVM code 8672

Exploração comercial, adminstração e planejamento de shopping centers (Conforme Artigo 3o. do Estatuto Social)As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Emp. Adm. Part. - Comércio (Atacado e Varejo)

Nível 1 de Governança Corporativalisting segment
1946founded
São Paulo · SPheadquarters
Privado Holdingcontrol
Itaú Corretora de Valores S.A.share registrar
Deloitte Touche Tohmatsu Auditores Independentes Ltda.auditor
ri.iguatemi.com.brinvestor site
R$ 51.9 mavg. daily traded value (63 sessions)

Quote

R$ 26.22close of 2026-09-18 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m +13.8% · 12m +7.9% · YTD +2.5% · 52-week R$ 22.57–30.38

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, weekly, 5 years — since 2021-12-30, after a corporate action · return +45.1% (+8.2% a year) · not split-adjustedR$ 26.22 2026-09-18
high 2026-04-17: R$ 30.38low 2022-01-07: R$ 15.182026-09-18: R$ 26.22
2021low R$ 15.18 · high R$ 30.382026

Return by window

1 month3 months1 year2 years5 years10 years
Price+13.8%+10.3%+7.9%+15.7%
With dividends reinvested+13.8%+11.0%+9.8%+19.9%
Real, net of inflation (IPCA to 08/2026)+13.9%+11.2%+5.7%+9.7%
R$ 1,000 would be worthR$ 1,138R$ 1,110R$ 1,098R$ 1,199

Closing prices from the base up to 2026-09-18. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.

Corporate actions

last day with rightseventmultipliercheck
2021-12-23stock split10.00× shareschecked against the price move
2021-12-23stock split10.00× shareschecked against the price move
2021-12-23stock split10.00× shareschecked against the price move

Why the price chart jumps: prices are not split-adjusted. Inferred means detected from the share count and the price, not announced in the exchange file.

Valuation

Today

R$ 10.5 bnmarket value
close of 2026-09-18 × sharesprice × shares outstanding
R$ 12.7 bnenterprise value
+ net debt 2025market value + net debt
R$ 0.48EPS 2025
profit per sharenet income for the year ÷ shares
R$ 3.86BVPS 2025
book value per shareshareholders' equity ÷ shares
16.5P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
2.13P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
13.5%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
41.8%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
32.0P/FCO 2025
FCO R$ 329 mmarket value ÷ operating cash flow
1.20 bnshares outstanding !latest public count, treasury excluded

Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2025 annual filing. The multiples below are point-in-time: priced on the day the filing became public. share count caveat

At the filing date (point-in-time)

20.3P/E 2025
sector 8.8 · 37 cos. · 34th of 38price ÷ earnings per share for the year
2.5P/B 2025
sector 1.2 · 34 cos. · 28th of 35price ÷ book value per share
11.2EV/EBITDA 2025
sector 5.4 · 35 cos. · 35th of 36enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
13.0%ROE 2025
sector 5.4% · 95 cos. · 28th of 96net income to controlling ÷ average equity
15.1%ROIC 2025
sector 15.4% · 47 cos. · 25th of 48EBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included — /metodologia/roic
P/E, P/B and EV/EBITDA priced at the session of 2026-02-24 (R$ 29.43), the first one after the 2025 filing became public on 2026-02-24 — point-in-time, not the 31 December price. 2 caveats

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year7.08×
EV/Receita todayenterprise value ÷ net revenue8.57×
P/EBITDA todaymarket value ÷ EBITDA8.42×
P/EBIT todaymarket value ÷ EBIT9.38×
EV/EBIT todayenterprise value ÷ EBIT11.34×
Earning yield todaynet income ÷ market value (the inverse of P/E)5.5%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity0.48×
Dívida bruta/PLshort- and long-term borrowings ÷ equity0.85×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year1.77×
PL/Ativosequity ÷ total assets0.49×
Passivos/Ativos(total assets − equity) ÷ total assets0.51×
Liquidez correntecurrent assets ÷ current liabilities2.49×

Efficiency

Margem brutagross profit ÷ net revenue75.0%
Margem EBITDAEBITDA ÷ net revenue84.1%
Margem EBITEBIT ÷ net revenue75.5%
Margem líquidanet income ÷ net revenue39.2%

Profitability

ROEnet income to controlling ÷ average equity13.0%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included15.1%
ROAnet income ÷ total assets6.5%
Giro do ativonet revenue ÷ total assets0.16×

Growth

Receita, 1 anorevenue this year ÷ previous year − 120.3%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years17.1%
Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only)50.1%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)20.9%

Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.

Indicators, year by year

Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.

Fact checklist 6 of 9

Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.

ROE13.0% 2025
2010: 0.6% — pl_final_sem_media2011: 56.6%2012: 4.4%2013: 0.7%2014: -10.4%2015: -8.4%2016: 1.5%2017: 5.4%2018: 7.7%2019: 8.6%2020: 4.9%2021: 9.5%2022: 0.2%2023: 7.4%2024: 9.4%2025: 13.0%
20102025
ROIC15.1% 2025
2010: 9.1% — capital_final_sem_media2011: 16.2%2012: 6.7%2013: 1.7%2014: -2.3% — aliq_fallback_342015: -4.3% — aliq_fallback_342016: 5.4%2017: 7.4%2018: 7.5%2019: 8.2%2020: 5.0%2021: 4.4%2022: 6.4% — aliq_fallback_342023: 9.4%2024: 10.3%2025: 15.1%
20102025
Net margin39.2% 2025
2010: 4.8%2011: 19.3%2012: 4.4%2013: 18.7%2014: -60.3%2015: -89.3%2016: 13.5%2017: 26.7%2018: 33.2%2019: 37.8%2020: 26.0%2021: 40.3%2022: 1.3%2023: 26.7%2024: 32.3%2025: 39.2%
20102025
Point-in-time P/E20.3x! 2025
2021: 32.9x — market_cap_ajustado_por_unit_de_3_acoes2022: 1049.6x — market_cap_ajustado_por_unit_de_3_acoes;pl_extremo;sem_capex2023: 31.5x — market_cap_ajustado_por_unit_de_3_acoes;sem_capex2024: 19.9x — market_cap_ajustado_por_unit_de_3_acoes;sem_capex2025: 20.3x — market_cap_ajustado_por_unit_de_3_acoes;sem_capex
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE 0.6%!56.6%4.4%0.7%-10.4%-8.4%1.5%5.4%7.7%8.6%4.9%9.5%0.2%7.4%9.4%13.0%5.4%
ROIC 9.1%!16.2%6.7%1.7%-2.3%!-4.3%!5.4%7.4%7.5%8.2%5.0%4.4%6.4%!9.4%10.3%15.1%15.4%
ROA 1.7%!5.3%1.3%0.7%-6.0%-10.1%1.7%3.5%4.5%5.1%2.8%4.8%0.2%3.9%4.9%6.5%3.5%
Gross margin 42.5%36.7%37.5%72.1%68.8%66.9%68.8%69.4%69.9%66.6%59.3%57.0%58.6%63.9%67.1%75.0%37.2%
EBIT margin 14.2%32.8%15.8%42.6%-25.1%-45.7%54.1%58.2%60.2%63.9%49.4%39.8%48.7%53.8%58.3%75.5%9.6%
Net margin 4.8%19.3%4.4%18.7%-60.3%-89.3%13.5%26.7%33.2%37.8%26.0%40.3%1.3%26.7%32.3%39.2%6.9%
Revenue growth (1y) -28.5%0.4%9.5%37.7%10.2%5.0%3.7%4.2%4.5%-10.4%26.8%18.4%13.9%6.8%20.3%5.8%
Revenue growth (5y CAGR) -38.4%-33.5%12.6%11.5%5.5%1.2%5.1%8.0%9.9%10.4%17.1%14.4%
Net debt/EBITDA 2.12x1.40x3.09x3.30x3.46x3.34x3.06x2.40x4.06x2.86x1.94x2.22x1.78x1.77x1.24x
Current ratio 1.28x1.73x1.55x3.40x2.48x1.56x1.85x1.97x3.12x4.16x2.33x4.64x1.27x2.16x2.76x2.49x1.66x

In reais, year by year

The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.

line20102011201220132014201520162017201820192020202120222023202420252T26TTM
Income statement
Net revenue (R$ bn)7.25.15.10.40.60.60.70.70.70.80.70.91.01.21.21.50.41.5
Cost of goods and services (R$ bn)-4.1-3.2-3.2-0.1-0.2-0.2-0.2-0.2-0.2-0.3-0.3-0.4-0.4-0.4-0.4-0.4-0.1-0.4
Gross profit (R$ bn)3.11.91.90.30.40.40.50.50.50.50.40.50.60.70.81.10.31.1
EBITDA (R$ bn)2.52.71.70.2-0.1-0.20.50.50.50.60.50.50.70.80.91.3
Depreciation and amortization (R$ bn)1.51.00.90.00.10.10.10.10.10.10.10.20.20.20.20.1
EBIT (operating result) (R$ bn)1.01.70.80.2-0.1-0.30.40.40.40.50.30.30.50.60.71.10.21.1
Pre-tax profit (R$ bn)0.41.10.30.1-0.3-0.50.10.20.30.40.20.5-0.10.40.50.70.20.8
Income taxes (R$ m)-22-57-66-41-23-47-45-40-70-86-69-191144-53-69-94-35-116
Net income (R$ m)34499022878-348-5699118524028617634613309400583135639
Net income (controlling) (R$ m)67797412-173-1262277110129762398305400582135639
Balance sheet
Total assets (R$ bn)20.117.216.95.85.85.45.45.25.45.77.07.48.07.88.59.510.110.1
Current assets (R$ bn)6.05.75.11.71.20.90.90.70.91.21.92.42.21.92.32.32.92.9
Current liabilities (R$ bn)4.73.33.30.50.50.60.50.40.30.30.80.51.70.90.80.91.01.0
Gross debt (short + long term) (R$ bn)8.67.38.02.22.32.42.42.22.32.53.63.43.13.43.44.04.44.4
Cash and investments (R$ bn)3.43.52.71.51.00.70.70.50.71.01.62.01.81.61.81.82.32.3
Net debt (R$ bn)5.23.75.30.71.41.71.71.71.71.52.01.41.31.81.62.2
Shareholders' equity (R$ bn)5.35.34.63.03.22.72.82.82.93.03.23.44.14.24.34.74.94.9
Cash flow
Operating cash flow (R$ bn)2.11.20.3-0.00.10.20.30.30.40.40.10.20.20.40.40.3
Capital expenditures (R$ bn)-1.1-1.3-1.4-0.9-0.5-0.4-0.2-0.1-0.2-0.2-0.5-0.2
Free cash flow (FCO + capex) (R$ bn)1.0-0.1-1.1-0.9-0.4-0.10.10.20.20.2-0.40.0

The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the trailing twelve months built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.

The current year, quarter by quarter

As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.

quarterrevenue (R$ m)profit (R$ m)net marginP/E TTMP/Bfiled on
2024T1!280.081.129.0%26.12.082024-05-02
2024T2!298.076.325.6%25.52.072024-08-06
2024T3!307.3101.232.9%22.41.992024-11-05
2025T1!312.1107.534.4%21.02.032025-06-06
2025T2!394.0209.153.1%15.11.882025-08-05
2025T3!369.1120.932.8%17.22.152025-11-04
2026T1!357.4237.666.5%15.52.272026-05-05
2026T2!389.3135.134.7%16.12.082026-08-04

Full series, every quarter: GET /empresas/IGTI11/trimestres

Dividends

Next: 2026-10-15 ex-date · dividend or interest on equity (the filing does not say) R$ 0.1685 filing to the regulator on 2026-01-08 · 2026-10-15 ex-date · dividend or interest on equity (the filing does not say) R$ 0.1690 filing to the regulator on 2026-04-24 · 2026-10-15 ex-date · dividend or interest on equity (the filing does not say) R$ 0.1687 filing to the regulator on 2026-07-15 · 2026-10-15 ex-date · dividend or interest on equity (the filing does not say) R$ 0.1687 filing to the regulator on 2026-07-22

The latest dividend by IGTI11 was a dividend of R$ 0.1687 per share (record date 2026-07-15, payment 2026-07-29). In the last 12 months: 3 payments adding up to R$ 0.5062 per share. Average yield of the last 5 full years: 1.2%.

typerecord dateex-datepaymentper share
dividend2022-04-292022-05-02R$ 0.1138

Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.

Record dates in the last 5 years, by month: JanFeb3Mar1Apr5MayJunJul1AugSepOctNovDec

Per year

yearper sharepaymentsyield
2026R$ 0.506231.9%
2025R$ 0.337421.3%
2024R$ 0.336121.9%
2023R$ 0.183020.8%
2022R$ 0.113810.6%

Yield per year = the year's dividends over the close of its last session; the current year is partial.

Shareholders and free float

55.47%free float
683,782,591 sharesshares outstanding held by the market, as filed in the FRE
33,122shareholders
32,123 individuals · 192 companies · 807 institutionalcount at the last shareholders meeting, from the FRE
GJ Investimentos e Participações S.A.controlling shareholder
as declared in the FREshareholders the company marks as controlling
80% ONtag along (minimum)
Nível 1 de Governança Corporativaminimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
GJ Investimentos e Participações S.A. ctrlPJ64.47%1.50%40.38%
RADAR GESTORA DE RECURSOS LTDA.PJ2.94%9.49%5.45%
Oceana Investimentos Administradora de Carteira de Valores Mobiliários LtdaPJ2.22%7.16%4.11%
SHARP CAPITAL GESTORA DE RECURSOSPJ2.11%6.82%3.91%
NORGES BANKPJ1.66%5.82%3.25%
ITAÚ USA ASSET MANAGEMENT, INC.PJ1.60%5.15%2.96%
SQUADRA INVESTIMENTOS GESTÃO DE RECURSOSPJ1.45%4.67%2.68%
VERA RIBEIRO JEREISSATIPF1.78%0.00%1.10%
DIANA JEREISSATI LEGEYPF1.78%0.00%1.10%
LIA RIBEIRO JEREISSATIPF1.78%0.00%1.10%
Kalila Representações Comerciais LtdaPJ0.19%0.28%0.22%
Grande Moinho Cearense S.A.PJ0.11%0.00%0.07%
Cesena SP Empreendimentos Imobiliários S.A.PJ0.05%0.00%0.03%
LFJ Participações LtdaPJ0.03%0.00%0.02%
MLRJ Imobiliária S.A.PJ0.01%0.00%0.01%
Others (market)33.52%
Treasury shares0.09%

Direct holdings from the reference form (FRE) filed on 2026-06-30, version 2. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filedcategorysubjectdocument
2026-09-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidadaopen
2026-09-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadasopen
2026-09-09Reunião da Administração · Conselho de Administração1) PROPOSTA DE NOMEAÇÃO DE AUDITORES INDEPENDENTES EXERCÍCIO 2027||2) APROVAÇÃO DA REVISÃO DO CÓDIGO DE CONDUTA ÉTICA E DO NOVO CÓDIGO DE CONDUTA ÉTICA DE TERCEIROS||3) RATIFICAÇÃOopen
2026-08-13Dados Econômico-Financeiros · Demonstrações Financeiras AdicionaisITR em inglêsopen
2026-08-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidadaopen
2026-08-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadasopen
2026-08-07Comunicado ao Mercado · Outros Comunicados Não Considerados Fatos RelevantesAssinatura de MOU vinculante para a venda de participações em 5 ativosopen
2026-08-05Dados Econômico-Financeiros · Press-releaseResultados 2T26open
2026-08-05Comunicado ao Mercado · Apresentações a analistas/agentes do mercadoApresentação Teleconferência de Resultados 2T26open
2026-08-04Dados Econômico-Financeiros · Demonstrações Financeiras Intermediárias2T26open

The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.

Piotroski F-Score 6/9 (2025) — what each criterion means.

Restated filings for this company

The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.

fiscal yearaccountfirst filingrestated
2012BPA 116,862.84,869.5
2012BPP 216,862.84,869.5
2012BPP 2.02.017,054.01,543.8
2012DRE 3.015,142.8382.8
2012BPA 1.015,092.71,629.8
2012DRE 3.02-3,215.5-104.3
2012BPP 2.013,282.9385.1
2012DMPL 5.035,323.82,529.4

This company appears in

Compare

Side by side, with each figure's caveat and how often each company restated its filings.

IGTI11 × MGLU3 · IGTI11 × RAIZ4 · IGTI11 × LREN3 · IGTI11 × RADL3 · IGTI11 × AMER3 · IGTI11 × VBBR3

Other companies in Consumer Cyclical

109 more with a page, same CVM sector — a classification of the regulator's, not ours.

Take this into your code

Everything on this page is also JSON: GET /empresas/IGTI11/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 1,206 sessions, 2021-11-22 → 2026-09-18 · methodology · how we verify

Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.

Numbers on this page are live. Data version 2026-09-14-etfs · page generated 2026-09-20 17:39 UTC. If this does not match /saude, you are reading a cached copy.