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3.67 (1y: +45%)
Market Cap 796.19 M P/E(ttm)
Enterprise Value 2.19 B P/B 0.60
GFA- NYSE (USA)
Gafisa SA
Not Rated
Top Ranked Predictable Companies
$3.67
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.429
GFA's Cash to Debt is ranked lower than
68% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 2.14 vs. GFA: 0.429 )
GFA' s 10-Year Cash to Debt Range
Min: 0.26   Max: No Debt
Current: 0.43
Equity to Asset 0.255
GFA's Equity to Asset is ranked lower than
83% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 0.49 vs. GFA: 0.255 )
GFA' s 10-Year Equity to Asset Range
Min: 0.14   Max: 0.55
Current: 0.26
0.14
0.55
Interest Coverage 1.3
GFA's Interest Coverage is ranked lower than
107% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 338.80 vs. GFA: 1.3 )
GFA' s 10-Year Interest Coverage Range
Min: 1   Max: No Debt
Current: 1.3
F-Score: 5
Z-Score: 1.06
M-Score: -4.04
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 4.30
GFA's Operating margin (%) is ranked lower than
74% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 3.60 vs. GFA: 4.30 )
GFA' s 10-Year Operating margin (%) Range
Min: -20.5   Max: 34.6
Current: 4.3
-20.5
34.6
Net-margin (%) -3.1
GFA's Net-margin (%) is ranked lower than
77% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 2.10 vs. GFA: -3.1 )
GFA' s 10-Year Net-margin (%) Range
Min: -32.1   Max: 10.6
Current: -3.1
-32.1
10.6
ROE (%) -4.9
GFA's ROE (%) is ranked lower than
76% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 4.00 vs. GFA: -4.9 )
GFA' s 10-Year ROE (%) Range
Min: -35.7   Max: 35.5
Current: -4.9
-35.7
35.5
ROA (%) -1.4
GFA's ROA (%) is ranked lower than
74% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.60 vs. GFA: -1.4 )
GFA' s 10-Year ROA (%) Range
Min: -9.9   Max: 5.1
Current: -1.4
-9.9
5.1
ROC (Joel Greenblatt) (%) 3.60
GFA's ROC (Joel Greenblatt) (%) is ranked lower than
53% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 5.60 vs. GFA: 3.60 )
GFA' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -11.8   Max: 15.1
Current: 3.6
-11.8
15.1
Revenue Growth (%) 0.2
GFA's Revenue Growth (%) is ranked lower than
93% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: -2.10 vs. GFA: 0.2 )
GFA' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 28.4
Current: 0.2
0
28.4
EBITDA Growth (%) -20.4
GFA's EBITDA Growth (%) is ranked lower than
86% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 3.00 vs. GFA: -20.4 )
GFA' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 48.8
Current: -20.4
0
48.8
» GFA's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

GFA Guru Trades in Q2 2012

Jim Simons 1,244,390 sh (New)
Steven Cohen Sold Out
Jeremy Grantham 2,202,200 sh (-1.55%)
» More
Q3 2012

GFA Guru Trades in Q3 2012

Bruce Kovner 49,200 sh (New)
Jim Simons Sold Out
Jeremy Grantham Sold Out
» More
Q4 2012

GFA Guru Trades in Q4 2012

Bruce Kovner Sold Out
» More
Q1 2013

GFA Guru Trades in Q1 2013

Jim Simons 536,200 sh (New)
» More
» Details

Insider Trades

Latest Guru Trades with GFA

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Meridian Funds 2010-06-30 Sold Out 0.15%$10.83 - $14.63 $ 3.67-72%0
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/B 0.60
GFA's P/B is ranked lower than
52% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.22 vs. GFA: 0.60 )
GFA' s 10-Year P/B Range
Min: 0.38   Max: 4.53
Current: 0.6
0.38
4.53
P/S 0.41
GFA's P/S is ranked lower than
74% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 0.65 vs. GFA: 0.41 )
GFA' s 10-Year P/S Range
Min: 0.28   Max: 5.03
Current: 0.41
0.28
5.03
PFCF 3.10
GFA's PFCF is ranked lower than
88% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 10.98 vs. GFA: 3.10 )
GFA' s 10-Year PFCF Range
Min: 3.05   Max: 4.2
Current: 3.1
3.05
4.2
EV-to-EBIT 25.6
GFA's EV-to-EBIT is ranked higher than
97% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 17.56 vs. GFA: 25.6 )
GFA' s 10-Year EV-to-EBIT Range
Min: 7.4   Max: 124.7
Current: 25.6
7.4
124.7
Shiller P/E 28
GFA's Shiller P/E is ranked lower than
78% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 24.05 vs. GFA: 28 )
GFA' s 10-Year Shiller P/E Range
Min: 12   Max: 39.46
Current: 28
12
39.46

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 0.5
GFA's Price/Net Current Asset Value is ranked lower than
79% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 3.45 vs. GFA: 0.5 )
GFA' s 10-Year Price/Net Current Asset Value Range
Min: 0.6   Max: 10.5
Current: 0.5
0.6
10.5
Price/Tangible Book 0.7
GFA's Price/Tangible Book is ranked lower than
67% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 1.30 vs. GFA: 0.7 )
GFA' s 10-Year Price/Tangible Book Range
Min: 0.8   Max: 3.7
Current: 0.7
0.8
3.7
Price/Median PS Value 0.3
GFA's Price/Median PS Value is ranked higher than
79% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 0.80 vs. GFA: 0.3 )
GFA' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 2.7
Current: 0.3
0.4
2.7
Earnings Yield (Greenblatt) 3.90
GFA's Earnings Yield (Greenblatt) is ranked higher than
93% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 4.00 vs. GFA: 3.90 )
GFA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.8   Max: 13.6
Current: 3.9
0.8
13.6
Forward Rate of Return (Yacktman) -51.34
GFA's Forward Rate of Return (Yacktman) is ranked higher than
74% of the 258 Companies
in the Global Residential Construction industry.

( Industry Median: 4.68 vs. GFA: -51.34 )
GFA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -61.8   Max: 15.3
Current: -51.34
-61.8
15.3

Business Description

Gafisa S.A. was incorporated under the laws of Brazil. The Company is a homebuilder in Brazil. Its core business is the development of residential buildings at various locations. The Company is also engaged in the development of land subdivisions, also known as residential communities and entry-level houses. In addition, it provides construction services to third parties. The Company is a geographically homebuilder, currently operating in 94 municipalities, including Sao Paulo, Rio de Janeiro, Salvador, Fortaleza, Natal, Curitiba, Belo Horizonte, Manaus, Porto Alegre and Belém, across 18 states. Its real estate business includes developments for sale of residential units, land subdivisions and commercial buildings, construction services to third parties and sale of units through its brokerage subsidiaries, Gafisa Vendas and Gafisa Vendas Rio, jointly known as 'Gafisa Vendas.' In the residential buildings product category, the Company develops three main types of products, namely, luxury buildings targeted at upper-income customers, buildings targeted at middle-income customers and affordable entry-level houses targeted at lower-income customers. The Company purchases a variety of raw materials for its operations. Its five suppliers in terms of volume are Gerdau Açominas S.A., Votorantim Cimentos Brasil Ltda, Elevadores Atlas-Schindler S.A., Cecrisa Revestimentos Cerâmicos S.A. and Supermix Concreto S.A. The real estate market in Brazil is fragmented and competitive with low barriers to entry. The Company markets its developments through newspapers, direct mail advertising and by distributing leaflets in neighboring areas as well as through telemarketing and websites. Its trademarks are filed or registered in Brazil with the Brazilian Institute of Industrial Property. The real estate sector is directly regulated by the Brazilian government and is indirectly impacted by the government's regulations on the availability of credit. The Company is subject to a variety of Brazilian federal, state and local laws and regulations concerning the protection of the environment.
Company Website
Industry: Residential Construction
Compare:MDC, TOL, DWAHY, DITFY, MTH
Traded in other countries:GJ3.Germany

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