Vivara Participacoes SA
Vivara Participações S.A. operates in the retail sector, specializing in the sale of jewelry and accessories, primarily through its own brand and franchise locations.
Business. Vivara Participacoes SA (VIVA3.SA) is a Brazilian retailer operating in the Apparel & Accessories Retailers industry within the Consumer Cyclicals sector. The company is headquartered in Brazil and is primarily listed on the B3 (São Paulo) stock exchange. As specific segment and geographic breakdowns are not provided, the firm is described at the industry level as an apparel and accessories retailer.
Analyst recommendations
12 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Vivara Participacoes SA (VIVA3.SA) is a Brazilian retailer operating in the Apparel & Accessories Retailers industry within the Consumer Cyclicals sector. The company is headquartered in Brazil and is primarily listed on the B3 (São Paulo) stock exchange. As specific segment and geographic breakdowns are not provided, the firm is described at the industry level as an apparel and accessories retailer.
Vivara maintains a conservative capital structure with a debt-to-equity ratio of 0.42, indicating a relatively low reliance on debt financing. The company's liquidity position is characterized by a current ratio of 3.63, suggesting strong short-term liquidity. However, the company's net cash position is negative after subtracting total debt, which introduces a medium liquidity risk.
Profitability metrics show that Vivara generates a return on equity of 21% and a return on assets of 13.12%, both of which are strong indicators of efficient capital use and asset management. These figures suggest that the company is performing well in terms of generating returns for its shareholders and utilizing its assets effectively.
The company's revenue is primarily concentrated in its domestic market, with a significant portion derived from its jewelry and accessories retail operations. While the input data does not provide a detailed breakdown of geographic exposure, the company's operations are largely centered in Brazil.
Looking ahead, Vivara is expected to maintain a stable growth trajectory, supported by its strong operating cash flow of 468.87 million BRL and a free cash flow of 188.33 million BRL. The company's capital expenditure of -80.44 million BRL indicates a reduction in investment in physical assets, which may reflect a strategic shift or a focus on optimizing existing operations.
The risk assessment highlights a medium liquidity risk and a low dilution risk. The company's dilution potential is minimal, as the number of basic and diluted shares outstanding is the same, indicating no imminent threat from share dilution. The company's risk profile is further supported by its strong operating income of 726.32 million BRL and net income of 619.50 million BRL.
Recent events and filings have not indicated any significant changes in the company's strategic direction or operational performance. Analysts have provided a mean price target of 36.36 BRL and a median price target of 36.00 BRL, with a mean recommendation of 1.75, indicating a generally positive outlook.
- Vivara maintains a strong liquidity position with a current ratio of 3.63.
- The company's return on equity of 21% and return on assets of 13.12% indicate efficient capital use and asset management.
- Vivara's capital structure is conservative, with a debt-to-equity ratio of 0.42.
- The company's operating cash flow of 468.87 million BRL and free cash flow of 188.33 million BRL support a stable growth trajectory.
- Analysts have provided a generally positive outlook with a mean price target of 36.36 BRL.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 2,90 |
| Revenue | —no estimate | —no estimate | 3,4B BRL |
| Operating income | —no estimate | —no estimate | 838,9M BRL |
Options
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Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Vivara Participacoes SA Market data — financials · 2026-05-29
- Vivara Participacoes SA Market data — analyst estimates · 2026-05-29