Viverorporadora e Construtora (BSP:VIVR3) Cyclically Adjusted FCF per Share: R$335.99 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:VIVR3 Viver Incorporadora e Construtora SA BSP:VIVR3
32 GF Score
Price R$1.74
GF Value R$2.87
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Viverorporadora e Construtora Cyclically Adjusted FCF per Share?

Viverorporadora e Construtora BSP:VIVR3 +1.16% 32 Cyclically Adjusted FCF per Share is R$335.99 as of Mar. 2026. GuruFocus rates BSP:VIVR3 with a GF Score™ of 32/100 and a GF Value™ of R$2.87 (Possible Value Trap). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Viverorporadora e Construtora's adjusted free cash flow per share for the three months ended in Mar. 2026 was R$-1.703. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$335.99 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Viverorporadora e Construtora's average Cyclically Adjusted FCF Growth Rate was -86.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -55.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Viverorporadora e Construtora was -25.40% per year. The lowest was -55.30% per year. And the median was -40.35% per year.

As of today (2026-07-18), Viverorporadora e Construtora's current stock price is R$1.74. Viverorporadora e Construtora's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was R$335.99. Viverorporadora e Construtora's Cyclically Adjusted Price-to-FCF of today is 0.01.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Viverorporadora e Construtora was 0.16. The lowest was 0.01. And the median was 0.01.


Viverorporadora e Construtora  (BSP:VIVR3) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Viverorporadora e Construtora's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1.74/335.99
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Viverorporadora e Construtora was 0.16. The lowest was 0.01. And the median was 0.01.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Viverorporadora e Construtora Cyclically Adjusted FCF per Share Related Terms


Viverorporadora e Construtora Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Viverorporadora e Construtora's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Viverorporadora e Construtora Cyclically Adjusted FCF per Share Chart

Viverorporadora e Construtora Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,582.58 8,331.66 3,868.23 2,734.70 744.72

Viverorporadora e Construtora Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,512.92 2,432.92 1,584.92 744.72 335.99

Viverorporadora e Construtora Cyclically Adjusted FCF per Share Competitor Comparison

For the Real Estate - Development subindustry, Viverorporadora e Construtora's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Viverorporadora e Construtora Cyclically Adjusted Price-to-FCF vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Viverorporadora e Construtora's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Viverorporadora e Construtora's Cyclically Adjusted Price-to-FCF falls into.


BSP:VIVR3
32GF Score
Viver Incorporadora e Construtora SA BSP:VIVR3
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viverorporadora e Construtora Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Viverorporadora e Construtora's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-1.703/175.0655*175.0655
=-1.703

Current CPI (Mar. 2026) = 175.0655.

Viverorporadora e Construtora Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 6,096.800 108.851 9,805.544
201609 3,302.800 109.986 5,257.086
201612 1,172.857 110.802 1,853.096
201703 348.083 111.869 544.720
201706 1,725.429 112.115 2,694.238
201709 5,224.000 112.777 8,109.282
201712 -16,702.167 114.068 -25,633.643
201803 660.600 114.868 1,006.792
201806 28.806 117.038 43.088
201809 -1.003 117.881 -1.490
201812 -102.837 118.340 -152.131
201903 -26.294 120.124 -38.320
201906 3.574 120.977 5.172
201909 -10.715 121.292 -15.465
201912 9.956 123.436 14.120
202003 0.729 124.092 1.028
202006 -5.020 123.557 -7.113
202009 -11.832 125.095 -16.558
202012 22.523 129.012 30.563
202103 0.076 131.660 0.101
202106 -10.561 133.871 -13.811
202109 -6.320 137.913 -8.023
202112 -28.302 141.992 -34.894
202203 -22.006 146.537 -26.290
202206 -14.618 149.784 -17.085
202209 -4.147 147.800 -4.912
202212 -8.302 150.207 -9.676
202303 0.855 153.352 0.976
202306 -1.738 154.519 -1.969
202309 3.510 155.464 3.953
202312 -13.734 157.148 -15.300
202403 1.756 159.372 1.929
202406 -2.868 161.052 -3.118
202409 1.183 162.342 1.276
202412 5.266 164.740 5.596
202503 -0.551 168.102 -0.574
202506 -1.196 169.670 -1.234
202509 -1.664 170.739 -1.706
202512 -13.425 171.765 -13.683
202603 -1.703 175.066 -1.703

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of R$335.99 mean?
Viverorporadora e Construtora (BSP:VIVR3) has a Cyclically Adjusted FCF per Share of R$335.99 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Viverorporadora e Construtora and its competitors.
Is Viverorporadora e Construtora's Cyclically Adjusted FCF per Share too high?
Viverorporadora e Construtora's current Cyclically Adjusted FCF per Share is R$335.99. Overall, Viverorporadora e Construtora has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Viverorporadora e Construtora's Cyclically Adjusted FCF per Share compare to competitors?
Viverorporadora e Construtora's Cyclically Adjusted FCF per Share of R$335.99 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Real Estate company?
A good Cyclically Adjusted FCF per Share depends on the Real Estate industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Viverorporadora e Construtora and its competitors. Viverorporadora e Construtora's current Cyclically Adjusted FCF per Share is R$335.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viverorporadora e Construtora stock overvalued right now?
Based on GuruFocus' analysis, Viverorporadora e Construtora (BSP:VIVR3) is currently considered Possible Value Trap. The stock's GF Value™ is R$2.87, compared to a current price of R$1.74 — trading 39.4% below its estimated fair value. The current Cyclically Adjusted FCF per Share is R$335.99. Viverorporadora e Construtora's overall GF Score™ is 32/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Viverorporadora e Construtora (BSP:VIVR3), the current Cyclically Adjusted FCF per Share is R$335.99 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Viverorporadora e Construtora (BSP:VIVR3) Overvalued in 2026?

Based on GuruFocus' analysis, Viverorporadora e Construtora stock appears to be undervalued. The current stock price of R$1.74 is trading 39.4% below its estimated GF Value™ of R$2.87. GuruFocus considers Viverorporadora e Construtora to be Possible Value Trap.

Key valuation signals for BSP:VIVR3:

  • Cyclically Adjusted FCF per Share: R$335.99
  • GF Value™: R$2.87 vs. price of R$1.74 (39.4% below fair value)
  • GF Score™: 32/100 with 7 warning signs

No single metric tells the full story. See the BSP:VIVR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viverorporadora e Construtora Business Description

Address Rua Olimpiadas, 205 - 2nd Floor, Vila Olimpia, SP, BRA, 04551-000
Viver Incorporadora e Construtora SA is engaged in the development of real estate ventures, particularly in the residential and commercial segments, as well as the provision of real estate development management services. The Company's primary focus is on the residential market, in the middle and mid-high segments. The Company's and its subsidiaries and joint ventures' main revenue is generated by real estate development operations.
32GF Score

Get the complete analysis for BSP:VIVR3

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$1.74
Price
R$2.87
GF Value