Syn Prop, BRSYNEACNOR2

SYN Prop & Tech stock: Model sees 169% fair-value upside

Published on 11/03/2026 at 01:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SYN Prop & Tech stock is rated well below a model-based fair value estimate. The analysis also flags thin data and weakening multi-year revenue.

Valuation model flags deep discount

  • Fair Value Calculator places SYN Prop & Tech's model-based fair value at BRL 7.23 per share.
  • The analysis warns that thin data and weakening multi-year revenue make the valuation estimate less robust.
  • SYN operates Brazilian commercial real estate, focusing on corporate buildings and shopping centers.
Syn Prop, BRSYNEACNOR2, Illustration mit AI erstellt.

A valuation analysis updated on October 30, 2026 places SYN Prop & Tech's model-based fair value at BRL 7.23 per share, compared with a share price of BRL 2.69 in the analysis. Fair Value Calculator says its estimate is based on 15 valuation models and describes the stock as strongly undervalued on that framework.

Discount comes with data risk

The model puts the cautious scenario at BRL 5.17 and the optimistic scenario at BRL 9.86. Those figures are model scenarios rather than analyst price targets, and the source cautions that coverage is thin, leaving more room for changes in the estimate.

The analysis assigns SYN a quality score of 63 out of 100 and reports a trailing net margin of 16.2%. It also says revenue fell by an average 7.6% a year over five years, while fiscal 2025 revenue stood at BRL 328 million against BRL 2.3 billion in 2021. The combination points to a valuation case that depends heavily on the reliability of the underlying assumptions.

What the valuation implies

The reported gap between market price and model value gives investors a clear signal of what the market would need to reassess for the thesis to improve. The same analysis shows the share at its 52-week low and about 51% below its 52-week high as of October 30, 2026, reinforcing the stock's weak recent momentum.

SYN Prop & Tech stock can be followed through the company's listed ticker SYNE3. The next important test for the investment case is whether operating results and cash generation support the assumptions behind the valuation models.

SYN Prop & Tech business profile

SYN Prop & Tech leases, acquires, sells, develops and operates commercial real estate in Brazil. Its focus is on high-end corporate buildings and shopping centers, with investments in Sao Paulo and Rio de Janeiro. The company operates as a smaller Brazil-focused listed specialist, while the analysis places larger real-estate names such as CBRE Group and JLL in the broader comparison set. That gives SYN a more regional and specialized profile than those international peers.

SYN Prop & Tech at a glance

  • Company: SYN Prop & Tech S.A.
  • ISIN: BRSYNEACNOR2
  • Ticker: SYNE3
  • Sector: Real estate
  • Model-based fair value: BRL 7.23 per share, as of October 29, 2026
  • Model range: BRL 5.17 cautious scenario to BRL 9.86 optimistic scenario

The Bovespa provides the broader market context for Brazilian equities.

More news and analyses on SYN Prop & Tech stock

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