Even Construtora Eorporadora (BSP:EVEN3) Retained Earnings: R$191 Mil (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:EVEN3 Even Construtora E Incorporadora SA BSP:EVEN3
69 GF Score
Price R$4.90
GF Value R$17.04
Valuation Possible Value Trap
! 5 Warning Signs
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What is Even Construtora Eorporadora Retained Earnings?

Even Construtora Eorporadora BSP:EVEN3 -1.21% 69 Retained Earnings is R$191 Mil as of Mar. 2026. GuruFocus rates BSP:EVEN3 with a GF Score™ of 69/100 and a GF Value™ of R$17.04 (Possible Value Trap). The stock has 5 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Even Construtora Eorporadora's retained earnings for the quarter that ended in Mar. 2026 was R$191 Mil.

Even Construtora Eorporadora's quarterly retained earnings increased from Sep. 2025 (R$7 Mil) to Dec. 2025 (R$145 Mil) and increased from Dec. 2025 (R$145 Mil) to Mar. 2026 (R$191 Mil).

Even Construtora Eorporadora's annual retained earnings declined from Dec. 2023 (R$262 Mil) to Dec. 2024 (R$130 Mil) but then increased from Dec. 2024 (R$130 Mil) to Dec. 2025 (R$145 Mil).


Even Construtora Eorporadora  (BSP:EVEN3) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Even Construtora Eorporadora Retained Earnings Historical Data

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The historical data trend for Even Construtora Eorporadora's Retained Earnings 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.

Even Construtora Eorporadora Retained Earnings Chart

Even Construtora Eorporadora Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 180.49 253.94 261.90 130.20 144.72

Even Construtora Eorporadora Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings 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 210.93 6.86 6.86 144.72 191.38
BSP:EVEN3
69GF Score
Even Construtora E Incorporadora SA BSP:EVEN3
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Even Construtora Eorporadora Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of R$191 Mil mean?
Even Construtora Eorporadora (BSP:EVEN3) has a Retained Earnings of R$191 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Even Construtora Eorporadora and its competitors.
Is Even Construtora Eorporadora's Retained Earnings too high?
Even Construtora Eorporadora's current Retained Earnings is R$191 Mil. Overall, Even Construtora Eorporadora has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Even Construtora Eorporadora's Retained Earnings compare to competitors?
Even Construtora Eorporadora's Retained Earnings of R$191 Mil 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 Retained Earnings for a Real Estate company?
A good Retained Earnings depends on the Real Estate industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Even Construtora Eorporadora and its competitors. Even Construtora Eorporadora's current Retained Earnings is R$191 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Even Construtora Eorporadora stock overvalued right now?
Based on GuruFocus' analysis, Even Construtora Eorporadora (BSP:EVEN3) is currently considered Possible Value Trap. The stock's GF Value™ is R$17.04, compared to a current price of R$4.90 — trading 71.2% below its estimated fair value. The current Retained Earnings is R$191 Mil. Even Construtora Eorporadora's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Even Construtora Eorporadora (BSP:EVEN3), the current Retained Earnings is R$191 Mil 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 Even Construtora Eorporadora (BSP:EVEN3) Overvalued in 2026?

Based on GuruFocus' analysis, Even Construtora Eorporadora stock appears to be undervalued. The current stock price of R$4.90 is trading 71.2% below its estimated GF Value™ of R$17.04. GuruFocus considers Even Construtora Eorporadora to be Possible Value Trap.

Key valuation signals for BSP:EVEN3:

  • Retained Earnings: R$191 Mil
  • GF Value™: R$17.04 vs. price of R$4.90 (71.2% below fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the BSP:EVEN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Even Construtora Eorporadora Business Description

Address Rua Hungria, 1400 - 3rd Floor Garden America, Sao Paulo, SP, BRA, 01455000
Even Construtora E Incorporadora SA engages in residential property development. The firm develops residential building projects and also offers commercial properties. It is involved in site prospecting, property development, brokerage and project construction activities. Geographically, the company mainly operates in following segments: States of Sao Paulo, Rio de Janeiro and the Rio Grande do Sul and Other Markets. The States of Sao Paulo segment accounts for the majority of the firm's revenue.
69GF Score

Get the complete analysis for BSP:EVEN3

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$4.90
Price
R$17.04
GF Value