Iguatemi S.A. (IGTI4) Fair Value & Analysis
Real Estate · BR · Market cap R$13.6B (≈ $2.7B)
What is Iguatemi S.A. really worth?
A solid business, but trading 73% above our fair value of R$6.77.
Strengths
Risks
Fair value as of: Aug 29, 2026
From 16 valuation models · updated 6 days ago
Share price +4.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (R$10.01). The favourable scenario is already priced in.
- The model range is unusually wide (R$3.43 to R$10.01). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
42‑month range R$6.91 – R$13.40 · fair‑value band R$3.43 – R$10.01 · the R$11.72 price screens above the R$6.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Iguatemi S.A. (IGTI4) currently trades at R$11.72, while our model-based Fair Value estimate is R$6.77, implying the stock looks roughly 73.1% overvalued today. The Quality Score stands at 62/100 (solid quality), in the Real Estate sector. Bull case: the Multiples group reads highest at a median of R$8.01 per share, and 4 of the 16 models we run sit above the R$11.72 price. Bear case: the Asset-Based group reads lowest at R$2.58, and 12 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Iguatemi S.A. generated revenue of R$1.5B at a net margin of 46.6%. Revenue grew 14.3% year over year. It earns a return on equity of 15.4%. Net debt stands at R$3.9B. Fundamentals as of Aug 29, 2026
Our scenario range runs from R$3.43 (bear case) to R$10.01 (bull case); at R$11.72, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at −42%, IGTI4 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly R$0.3925 per share, which is 5.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: Multiples (R$8.01) versus Asset-Based (R$2.58). Highest evidence: 5Y EBITDA Exit (68).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 56
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Iguatemi S.A., together with its subsidiaries, engages in the commercial exploration and planning of shopping centers in Brazil. The company is also involved in the purchase of parking lots, and sale of real estate. In addition, it provides economic, financial and tax advisory, and consultancy services.
Full company description
Iguatemi S.A., together with its subsidiaries, engages in the commercial exploration and planning of shopping centers in Brazil. The company is also involved in the purchase of parking lots, and sale of real estate. In addition, it provides economic, financial and tax advisory, and consultancy services. The company was formerly known as Jereissati Participações S.A. and changed its name to Iguatemi S.A. in November 2021. Iguatemi S.A. was founded in 1946 and is headquartered in São Paulo, Brazil.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
Iguatemi S.A. reported revenue of R$1.5B in FY2025 versus R$1.0B in FY2022, a compound +13.5%/yr. Reported net income was R$582M in FY2025, compounding +325.4%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
IGTI4 screens 73% overvalued. Compare with CBRE Group →
Peer Group
Real Estate Services · 523 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Real Estate Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CBRE Group CBRE | $148.74 | $69.47 | −53% |
| Vonovia SE VNA | €19.85 | €36.67 | +85% |
| Cellnex Telecom, S.A CLNX | €27.47 | €25.46 | −7% |
| KE Holdings BEKE | $17.42 | $6.57 | −62% |
| Jones Lang LaSalle Incorporated JLL | $378.01 | $290.25 | −23% |
| Swire Properties Limited 1972 | HK$24.84 | HK$5.12 | −79% |
| CoStar Group CSGP | $32.22 | $4.64 | −86% |
| China Resources Mixc Lifestyle Services Limited 1209 | HK$39.84 | HK$34.95 | −12% |
| CapitaLand Investment Limited 9CI | 2.66 SGD | 0.4900 SGD | −82% |
| Plaza S.A MALLPLAZA | 4,040 CLP | 4,571 CLP | +13% |
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