Grendene (GRND3.SA) Stock Price

Grendene Price

B3·CLOSED
3.77
+0.0000 (+0.00 %)
Market closed

Over the last 19 years Grendene grew revenue by 4.6% annually, reaching 2.58 B BRL. Earnings per share have grown at 8.6% per year over the last 19 years. For Grendene, the net margin of 25.0% is broadly stable versus 25.7% a few years ago. At today's price the dividend yield works out to roughly 45.18%. The payout ratio is around 238% of earnings. The dividend has grown at 14.2% per year over the past 19 years. The consensus 12-month price target for Grendene is 7.65 BRL, about 102.9% above where the stock trades today. Of 7 analysts, 0 rate the stock a buy — an overall Sell consensus. The stock trades about 10% above its 52-week low.

Grendene stock price

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Grendene business model & stock analysis

Grendene SA is a Brazilian shoe manufacturer and one of the world's largest producers of plastic shoes. The company was founded in 1971 by brothers Alexandre and Pedro Grendene and is headquartered in Farroupilha, Rio Grande do Sul, Brazil. Grendene specializes in the production of plastic shoes and is known for its innovative designs and technologies. The company is able to produce shoes in large quantities and offers a wide range of products for different age groups and occasions. Grendene's business model is based on three pillars: innovation, efficiency, and sustainability. The company relies on the latest technologies and materials to create innovative products that meet customer needs. Grendene also works on improving its production processes to maximize efficiency and reduce costs. Additionally, the company is committed to producing sustainable products and improving its business practices to have a positive impact on the environment. Grendene is divided into various divisions, including baby shoes, children's shoes, women's shoes, and men's shoes. Each division offers a wide range of products for different occasions and needs. For example, the baby shoe division offers shoes for babies and toddlers aged 0-3 years, while the children's division produces shoes for children aged 3-10 years. The women's shoe division offers a wide range of shoe styles, from sandals to high heels, while the men's shoe division offers shoes for men for all occasions, from casual to formal events. Some of Grendene's most well-known brands include Melissa, Ipanema, and Rider. Melissa is a women's shoe brand known for its elegant and trendy designs. The brand is famous for its collaborations with leading designers such as Vivienne Westwood and Karl Lagerfeld. Ipanema is a shoe brand known for its comfortable and stylish flip-flops and sandals, offering a wide range of shoe styles for women and children. Rider is a shoe brand for men and women, primarily known for its sporty styles. The brand also offers a wide range of shoes for the beach and leisure activities. Grendene has also produced other products such as plastic toys and furniture, but the production of plastic shoes remains the core of the business. Overall, Grendene is a leading plastic shoe manufacturer whose innovative designs and technologies are reflected in its products. The company has developed a successful strategy to strengthen its position in the global market and expand its product range and brands.

Frequently asked questions about Grendene

The business model of Grendene SA revolves around manufacturing and marketing footwear products. Grendene SA specializes in the production of sandals, slippers, and shoes made from synthetic materials, particularly thermoplastic resins. The company's focus lies in producing high-quality, innovative, and fashionable footwear at competitive prices. With an extensive distribution network and strong brand presence, Grendene SA aims to cater to both domestic and international markets, meeting the diverse needs and preferences of consumers worldwide. Through continuous investments in technology, design, and sustainability, Grendene SA strives to maintain its position as a leading player in the global footwear industry.

Grendene SA is primarily active in the footwear manufacturing industry.

Some main competitors of Grendene SA in the market include Alpargatas SA, Vulcabrás/Azaleia, and Bibi Calçados.

Grendene SA is a Brazilian footwear company with a rich history and a strong background. Established in 1971 by the founders Alexandre Grendene Bartelle and Pedro Grendene Bartelle, Grendene SA has become one of the largest footwear manufacturers in the world. The company is renowned for its innovative and trendy designs, specializing in the production of plastic shoes. Over the years, Grendene SA has built a remarkable reputation for its commitment to quality and sustainability, resulting in a loyal customer base. With a robust manufacturing infrastructure and a global presence, Grendene SA continues to be a market leader, offering a wide range of footwear options for various customer preferences.

Grendene SA, a leading footwear company, has achieved remarkable milestones throughout its history. The company has constantly expanded its product portfolio, offering a wide range of fashionable and comfortable shoes. It has successfully established a global presence, exporting its products to over 100 countries. Grendene SA has gained recognition for its commitment to sustainability by implementing eco-friendly production processes and opting for recyclable materials. The company has also won several prestigious awards, acknowledging its outstanding design and innovation. With its continuous growth and dedication to quality, Grendene SA has cemented its position as a trusted and influential player in the footwear industry.

Grendene SA is primarily present in Brazil, where it has established a strong market presence and its headquarters are located. As a leading footwear manufacturer, Grendene SA has successfully expanded its reach beyond the domestic market and has a significant presence in various regions worldwide. The company has successfully entered markets in North America, Europe, Asia, and South America. With its strategic international distribution network, Grendene SA has become a recognized brand in countries such as the United States, Canada, Germany, France, China, and Argentina.

Values and Corporate Philosophy of Grendene SA: Grendene SA, the renowned Brazilian footwear manufacturer, represents a strong commitment to innovation, sustainability, and quality. The company firmly believes in delivering trendy and comfortable products to its customers, while prioritizing the efficient use of resources and minimal environmental impact. Grendene SA's corporate philosophy centers around continuous improvement, customer satisfaction, and ethical business practices. With a focus on sustainability, Grendene SA actively promotes recycling initiatives and ensures responsible sourcing of raw materials. By incorporating cutting-edge technology and design, Grendene SA strives to provide stylish and durable footwear options that meet the evolving needs and preferences of consumers worldwide.

Analysts currently set an average price target of 7.65 BRL for the Grendene stock (median: 7.65 BRL), implying +102.9 % versus the latest price. The consensus is based on 7 analyst ratings.

7 analysts currently rate the Grendene stock: 0 recommend buying, 3 holding and 4 selling. For 2026, analysts expect Grendene to generate revenue of 2.90 B BRL and earnings per share of 0.67 BRL.

Converted at the current exchange rate, the Grendene share trades at 0.64 EUR (3.77 BRL).

The Grendene share (GRND3.SA) is listed on 2 stock exchanges, including: B3 (São Paulo) (GRND3.SA).

Grendene SA is a Brazilian company that specializes in the production and distribution of shoes and accessories. The company was founded in 1971 and is now one of the leading companies in the industry. With a revenue of USD 1.7 billion and a market share of around 10% in Brazil, Grendene SA is an important player in the market. The business model of Grendene SA is divided into different divisions, each with its own product portfolio. These divisions are: 1. Adult shoes: In this division, Grendene SA produces shoes for men and women in different styles and designs. The shoes are offered under various brand names such as Ipanema, Rider, and Grendha. 2. Children's shoes: Here, the company offers shoes for children in various sizes and styles. The shoes are available under various brand names such as Barbie, Hot Wheels, and Marvel. 3. Accessories: These include bags, wallets, sunglasses, and watches. The accessories are distributed under various brand names such as Fascar, Fomo, and Mormaii. Grendene SA specializes in the production of plastic shoes and focuses on innovation and sustainability. The company uses recyclable materials and has launched many projects in recent years to reduce plastic consumption. An example of this is the introduction of reusable bags made from recycled materials, which are used instead of disposable plastic bags. Another important aspect of Grendene SA's business model is its close collaboration with leading designers and influencers. The company has already worked with many renowned designers to produce unique and trendy shoe collections. In addition, Grendene SA also works closely with influencers and celebrities to gain brand ambassadors and promote its products. Another important component of Grendene SA's business model is its international business. The company exports its products to over 100 countries and has subsidiaries in various countries. For example, in Europe, Grendene SA has a subsidiary in Portugal which controls the distribution in Europe. In summary, Grendene SA's business model is based on innovation, sustainability, and customer orientation. The company offers a wide range of products and relies on close collaboration with designers and celebrities to set trends and explore new markets. The company's international focus allows it to market its products worldwide and increase its reach.

The expected revenue of Grendene is 2.90 B BRL. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Grendene is 607.70 M BRL. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Grendene is currently 5.60. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Grendene stock.

The price-to-sales ratio (P/S) of Grendene is currently 1.17. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Grendene stock.

The Eulerpool Quality Score for Grendene is 2/10.

The ISIN of Grendene is BRGRNDACNOR3. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The ticker of Grendene is GRND3.SA. The ticker symbol is used to trade Grendene shares on the stock exchange.

Over the past 12 months, Grendene paid a dividend of 1.70 BRL . This corresponds to a dividend yield of about 45.18 %. For the coming 12 months, Grendene is expected to pay a dividend of 1.70 BRL.

The current dividend yield of Grendene is 45.18 %.

Grendene pays a dividend, distributed in the months of December, April, May, August.

Grendene paid dividends every year for the past 21 years.

For the upcoming 12 months, dividends amounting to 1.70 BRL are expected. This corresponds to a dividend yield of 45.18 %.

Grendene is assigned to the 'Cyclical consumption' sector.

In the year 2025, Grendene distributed 1.7 BRL as dividends.

The dividends of Grendene are distributed in BRL.

Fair ValueTerminal
3.58 BRL
Over-/UndervaluationTerminal
Fairly valued
Industry
Textiles, Apparel & Luxury Goods
Number of shares
Employees
Revenue per Employee
140,912.81 BRL
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Country
Brazil
Currency
BRL
Initial public offering
Oct 29, 2004
ISIN
BRGRNDACNOR3
Cusip
P49516100
Sedol
B03L0B0
Market capitalization
3.40 B BRLMid Cap
52-Week Range
3.43–5.55BRL
Revenue growth (10Y) > 5%
Revenue growth (3Y) > 5 %
EBIT growth (10Y) > 5%
EBIT growth (3Y) > 5 %
Net debt < 4x EBIT
Profitable since 10Y+
EBIT Drawdown (10Y) < 50%
Return on Equity (ROE) > 15%
ROCE > 15%
Return Expectation > 10%
PEG
—
P/E ratio
P/Ee 2026
5.60
P/S
P/Se
1.17
EV/EBIT
14.71
P/B Ratio
1.08
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
20.00 %
Gross Margin
44.24 %
EBIT Margin
8.95 %
Net Margin
24.95 %
EPS (Earnings Per Share)
0.71 BRL
Net Debt / EBIT
0.00
Debt/Equity
0.02
Dividend
Dividend yield
45.18 %
Est. Dividend Yield
7.74 %
Payout Ratio
238.30 %
Dividend growth Ø5Y
-8.26 %
Dividend payments per year
6
Dividend paid since
21 years
Dividend not reduced since
1 year
Dividend increased since
1 year
Dividend withholding tax
10.00 %
Last updated Sep 27, 2026, 12:26 PM

Grendene Peer Group

Grendene Ticker

B3 · GRND3.SAB3 · GRND3.SA

Grendene FIGI

GRND3:BZ · BBG000PVXD17GRND3:BS · BBG000PVXDY1GRND3:BN · BBG000PVXFL0

All fundamentals and in-depth analysis of Grendene

Our stock analysis for Grendene stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Grendene. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.