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Even Construtora e Incorporadora S.A.: Business Overview, Financials & Competitive Analysis

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...

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What's in This Report
Even Construtora e Incorporadora S.A. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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5/ 10Mixed

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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Industry Residential real estate development and construction
4 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: July 6, 2026
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Even Construtora e Incorporadora S.A. Overview

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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

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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

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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 real estate development and 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)

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

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CyrelaResidential and commercial real estate developer in BrazilEZTECReal estate development company focused on residential projectsMRVResidential and commercial property developerTendaMid-range residential real estate developer

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Industry context

Even Construtora e Incorporadora S.A. operates in Residential real estate development and construction. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Even Construtora e Incorporadora S.A. do?+
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...
What is Even Construtora e Incorporadora S.A.'s Cyborg Score?+
Even Construtora e Incorporadora S.A. has a Cyborg Score of 5/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Even Construtora e Incorporadora S.A.'s main competitors?+
Named competitors include Cyrela, EZTEC, MRV, Tenda. The full competitive landscape is in the AskCyborg report.
How can I get the full Even Construtora e Incorporadora S.A. research report?+
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The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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