Even Construtora e Incorporadora S.A.: Business Overview, Financials & Competitive Analysis
Even Construtora e Incorporadora S.A. scores 5/10 on the AskCyborg Cyborg Score (Mixed). Undervalued mid-cap Brazilian developer with strong cash generation and high dividend yield, but facing macro headwinds in residential markets and elevated leverage. Even3 accumulated a decline in 2026 year-to-date performance as of June. The company trades at a low trailing P/E of 4.29 and shows a price-to-book.
What is Even Construtora e Incorporadora S.A.'s industry? Even Construtora e Incorporadora S.A. (even.com.br) operates in Residential Construction. AskCyborg classifies Even Construtora e Incorporadora S.A. under Residential Construction in its company registry.
Even Construtora e Incorporadora operates as a real estate developer and builder in Brazil, developing and selling residential and commercial projects under the Open and Even brands. The company concentrates its opera...
Cyborg Score thesis
Undervalued mid-cap Brazilian developer with strong cash generation and high dividend yield, but facing macro headwinds in...
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Get Current Report FreeEven Construtora e Incorporadora S.A. Overview
Pro stress-test →Even Construtora e Incorporadora operates as a real estate developer and builder in Brazil, developing and selling residential and commercial projects under the Open and Even brands. The company concentrates its operations in the metropolitan regions of São Paulo, Rio de Janeiro, and Porto Alegre. As of May 2026, the company reported trailing twelve-month revenue of approximately BRL 1.92 billion with a profit margin of 12.38%.
Strategic Profile
Pro stress-test →Nova Milano Investimentos elevated its shareholding to 50.06% in May 2026, consolidating its position as controlling shareholder and reinforcing its influence over the company's strategic direction. The company operates in residential real estate incorporation with focus on middle and upper-standard developments, pursuing greater operational efficiency, financial discipline, and margin strengthening amid sector challenges.
Competitive Landscape
Pro stress-test →Even competes in Brazil's residential real estate market against listed competitors including Cyrela, EZTEC, and MRV. The Brazilian market benchmarks Even against peers such as MRV and Cyrela using relative multiples including land bank quality, sales velocity, and leverage metrics. The stock's trajectory remains linked to execution on launches, sales performance, and cash generation in core urban markets.
Industry Context
Even Construtora e Incorporadora S.A. operates in Residential Construction.
Key facts
Founded: 2002 · Headquarters: São Paulo, Brazil · Employees: 602–1,384 (sources vary) · Revenue: BRL 1.92B (TTM as of May 2026) · Market cap: BRL 1.19B (May 2026)