Stock

Azevedo & Travassos S.A.

AZEV3.SA

Engineering & Construction · Industrials

Price

R$8.21

-0.04 (-0.48%)

Market Cap

R$243.3M

Exchange

B3 S.A.

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Sep 15, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Weak

Growth

Good

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

Dividends

Good

Track this stock — start free trial

Share count rising — dilution

+988.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 2.7M (2021) → 29.6M (2025)

§Winston Score History

The full picture

Azevedo & Travassos is a Brazilian engineering and construction company. It builds infrastructure projects like roads, bridges, pipelines, and industrial facilities, mainly for government agencies and large private companies in Brazil. The company has been in business for decades and is known for heavy civil construction and oil and gas related infrastructure work.

The company earns money by winning contracts to design and build large projects, collecting payments as work progresses. It operates primarily in Brazil and is a small-cap firm. Recent financial results show deeply negative operating margins, reflecting significant operational challenges and cost pressures. The company's path forward depends on securing new contracts and improving project execution, but its weak profitability and small scale relative to larger Brazilian construction firms represent meaningful risks.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+131.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-97.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

R$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

16.1%ownership

Insiders own a meaningful stake in the company

Cash Runway

~7 months

R$618M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Azevedo & Travassos S.A. grew revenue 132% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

13.7%

Thin — 13.7% gross margin

Profit after running costs

Operating Margin

6.2%

Modest — 6.2% operating margin

Return on the money invested

ROCE

-90.8%

Weak — -90.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+189.7%

Fast-growing sales (+189.7% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-127.4%

Burning cash (-127.4%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.61

Moderate — manageable debt (0.61)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

20.89%

Healthy income — 20.89% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial