Azzas 2154 (BSP:AZZA3) 3-Year RORE % : 14.54% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:AZZA3 Azzas 2154 SA BSP:AZZA3
78 GF Score
Price R$14.87
GF Value R$38.81
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Azzas 2154 3-Year RORE %?

Azzas 2154 BSP:AZZA3 -2.56% 78 3-Year RORE % is 14.54 as of Jun. 2026. GuruFocus rates BSP:AZZA3 with a GF Score™ of 78/100 and a GF Value™ of R$38.81 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,000 Manufacturing - Apparel & Accessories companies, Azzas 2154 ranks better than 63.3% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Azzas 2154's 3-Year RORE % for the quarter that ended in Jun. 2026 was 14.54%.

The industry rank for Azzas 2154's 3-Year RORE % or its related term are showing as below:

BSP:AZZA3's 3-Year RORE % is ranked better than
63.3% of 1000 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.595 vs BSP:AZZA3: 14.54

Azzas 2154  (BSP:AZZA3) 3-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 3-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Azzas 2154 3-Year RORE % Related Terms


Azzas 2154 3-Year RORE % Historical Data

* Premium members only.

The historical data trend for Azzas 2154's 3-Year RORE % 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.

Azzas 2154 3-Year RORE % Chart

Azzas 2154 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.66 50.18 -18.14 -10.86 19.30

Azzas 2154 Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
3-Year RORE % 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 15.76 10.28 19.30 17.89 14.54

BSP:AZZA3 vs NKE, DECK, ONON: 3-Year RORE % Comparison

For the Footwear & Accessories subindustry, Azzas 2154's 3-Year RORE %, along with its competitors' market caps and 3-Year RORE % 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.


Azzas 2154 3-Year RORE % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azzas 2154's 3-Year RORE % distribution charts can be found below:

* The bar in red indicates where Azzas 2154's 3-Year RORE % falls into.


BSP:AZZA3
78GF Score
Azzas 2154 SA BSP:AZZA3
3-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Azzas 2154 3-Year RORE % Calculation

Azzas 2154's 3-Year RORE % for the quarter that ended in Jun. 2026 is calculated as:

3-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 3-year -Cumulative Dividends per Share for 3-year )
=( 5.206-3.904 )/( 13.628-4.675 )
=1.302/8.953
=14.54 %

* 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.

In the calculation of 3-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Jun. 2026 and 3-year before.

Frequently Asked Questions Learn more about 3-Year RORE % →
What does a 3-Year RORE % of 14.54 mean?
Azzas 2154 (BSP:AZZA3) has a 3-Year RORE % of 14.54 as of Jun. 2026. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Azzas 2154 and its competitors. According to the industry distribution chart, Azzas 2154 ranks #367 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 36.7%.
Is Azzas 2154's 3-Year RORE % too high?
Azzas 2154's current 3-Year RORE % is 14.54. The Manufacturing - Apparel & Accessories industry median 3-Year RORE % is 2.60. Azzas 2154's value of 14.54 is 460.3% above this industry median. Based on the distribution chart, Azzas 2154 ranks #367 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Azzas 2154 has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Azzas 2154's 3-Year RORE % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Azzas 2154 ranks #367 out of 1000 companies for 3-Year RORE %. This puts Azzas 2154 in the upper half of its industry. The industry median 3-Year RORE % is 2.60. Azzas 2154's value of 14.54 is 460.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year RORE % for a Manufacturing - Apparel & Accessories company?
The median 3-Year RORE % among Manufacturing - Apparel & Accessories companies is 2.60, based on 1,000 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Azzas 2154's current 3-Year RORE % of 14.54 is 460.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year RORE % mean?
A high 3-Year RORE % can signal that a stock is expensive relative to its fundamentals. 3-Year RORE % shows how much a company earns by reinvesting its retained earnings in 3-year. View historical data on Azzas 2154 and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year RORE % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azzas 2154's current 3-Year RORE % is 14.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azzas 2154 stock overvalued right now?
Based on GuruFocus' analysis, Azzas 2154 (BSP:AZZA3) is currently considered Possible Value Trap. The stock's GF Value™ is R$38.81, compared to a current price of R$14.87 — trading 61.7% below its estimated fair value. The current 3-Year RORE % is 14.54 and 460.3% above the Manufacturing - Apparel & Accessories industry median of 2.60. Azzas 2154's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year RORE % calculated?
3-Year RORE % is calculated from a company's financial statements. For Azzas 2154 (BSP:AZZA3), the current 3-Year RORE % is 14.54 as of Jun. 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 Azzas 2154 (BSP:AZZA3) Overvalued in 2026?

Based on GuruFocus' analysis, Azzas 2154 stock appears to be undervalued. The current stock price of R$14.87 is trading 61.7% below its estimated GF Value™ of R$38.81. GuruFocus considers Azzas 2154 to be Possible Value Trap.

Key valuation signals for BSP:AZZA3:

  • 3-Year RORE %: 14.54
  • GF Value™: R$38.81 vs. price of R$14.87 (61.7% below fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 460.3% above the Manufacturing - Apparel & Accessories median (#367 of 1000)

No single metric tells the full story. See the BSP:AZZA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Azzas 2154 Business Description

Address Rua Fernandes Tourinho, 147 - sala 402, Rooms 1301 and 130, Belo Horizonte, MG, BRA, 30112000
Azzas 2154 SA, along with its subsidiaries, is engaged in the manufacturing, development, modeling and retail and wholesale trade of footwear, handbags, accessories and clothing for the women's, men's and democratic markets, particularly the women's market. The company also operates an online sales channel that makes available products of the brands Arezzo, Schutz, Anacapri, Alexandre Birman, Vans, Vicenza, Farm Rio, Animale, NV, Cris Barros, Maria Filó, Carol Bassi, Fábula, Off Premium, Reserva, Oficina, Foxton, Reserva Mini, Reserva Go, Reserva Ink, Hering, Hering Kids, Hering Sports, Hering Shoes and Hering Intimates. The majority of the company's revenue is derived from the sales of its products.
78GF Score

Get the complete analysis for BSP:AZZA3

3-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$14.87
Price
R$38.81
GF Value