Alupar Investimento (BSP:ALUP4) Selling, General, & Admin. Expense: R$239 Mil (TTM As of Mar. 2026)

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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:ALUP4 Alupar Investimento SA BSP:ALUP4
63 GF Score
Price R$10.84
GF Value R$8.85
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Alupar Investimento Selling, General, & Admin. Expense?

Alupar Investimento BSP:ALUP4 +1.98% 63 Selling, General, & Admin. Expense is R$239 Mil as of Mar. 2026. GuruFocus rates BSP:ALUP4 with a GF Score™ of 63/100 and a GF Value™ of R$8.85 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Alupar Investimento's selling, general, & admin. expense for the three months ended in Mar. 2026 was R$65 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was R$239 Mil.


Alupar Investimento  (BSP:ALUP4) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Alupar Investimento Selling, General, & Admin. Expense Related Terms


Alupar Investimento Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Alupar Investimento's Selling, General, & Admin. Expense 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.

Alupar Investimento Selling, General, & Admin. Expense Chart

Alupar Investimento Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.73 84.16 184.67 178.57 214.12

Alupar Investimento Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense 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 38.81 58.66 56.13 59.03 65.20

Alupar Investimento Selling, General, & Admin. Expense Competitor Comparison

For the Utilities - Renewable subindustry, Alupar Investimento's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


Alupar Investimento Selling, General, & Admin. Expense vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alupar Investimento's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Alupar Investimento's Selling, General, & Admin. Expense falls into.


BSP:ALUP4
63GF Score
Alupar Investimento SA BSP:ALUP4
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alupar Investimento Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$239 Mil.

* 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.

What does a Selling, General, & Admin. Expense of R$239 Mil mean?
Alupar Investimento (BSP:ALUP4) has a Selling, General, & Admin. Expense of R$239 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Alupar Investimento and its competitors.
Is Alupar Investimento's Selling, General, & Admin. Expense too high?
Alupar Investimento's current Selling, General, & Admin. Expense is R$239 Mil. Overall, Alupar Investimento has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alupar Investimento's Selling, General, & Admin. Expense compare to competitors?
Alupar Investimento's Selling, General, & Admin. Expense of R$239 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Utilities - Independent Power Producers company?
A good Selling, General, & Admin. Expense depends on the Utilities - Independent Power Producers industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Alupar Investimento and its competitors. Alupar Investimento's current Selling, General, & Admin. Expense is R$239 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alupar Investimento stock overvalued right now?
Based on GuruFocus' analysis, Alupar Investimento (BSP:ALUP4) is currently considered Modestly Overvalued. The stock's GF Value™ is R$8.85, compared to a current price of R$10.84 — trading 22.5% above its estimated fair value. The current Selling, General, & Admin. Expense is R$239 Mil. Alupar Investimento's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Alupar Investimento (BSP:ALUP4), the current Selling, General, & Admin. Expense is R$239 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 Alupar Investimento (BSP:ALUP4) Overvalued in 2026?

Based on GuruFocus' analysis, Alupar Investimento stock appears to be overvalued. The current stock price of R$10.84 is trading 22.5% above its estimated GF Value™ of R$8.85. GuruFocus considers Alupar Investimento to be Modestly Overvalued.

Key valuation signals for BSP:ALUP4:

  • Selling, General, & Admin. Expense: R$239 Mil
  • GF Value™: R$8.85 vs. price of R$10.84 (22.5% above fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the BSP:ALUP4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alupar Investimento Business Description

Other Exchanges ALUP11:BrazilALUP3:Brazil
Address Rua Gomes de, Carvalho, 1996, 16 floor, Suite 161, Room A, Sao Paulo, SP, BRA, 4547-006
Alupar Investimento SA is an investment in other entities operating in the energy and infrastructure industries, in Brazil and abroad. It has two segments Transmission segment and the Generation segment. Its sources of revenue include energy transmission revenue, infrastructure revenue, revenue from the remuneration of concession assets, and revenue from energy supply. The majority of revenue comes from the remuneration of concession assets. It generates the vast majority of its revenue in Brazil.
63GF Score

Get the complete analysis for BSP:ALUP4

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$10.84
Price
R$8.85
GF Value