Stock fact sheet · data as of
PicS N.V. (PICS): fair value, margin of safety and Wheel Score
Ticker symbol PICS · Technology · Software - Infrastructure · Brazil · Class A common stock · Blend
PICS is PicS N.V.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is PICS undervalued?
PicS N.V. (PICS) closed at 7.26 on 5 Nov 2026. The GLS average fair value - the simple average of the 7 valuation models that produced a positive number - is 73.26, which puts the price 90% below it. 7 of the 7 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between Graham Number (15.23) and Payback Time (149.45). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for PICS, so the nightly engine files it under Blend (value score 91, growth score 91, out of 100).
Nine valuation models for PICS
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 15.23 | +110% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 107.93 | +1387% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 47.17 | +550% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 115.52 | +1491% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 56.54 | +679% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 149.45 | +1959% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 20.97 | +189% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -53.71 | -840% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 15.67 | +116% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
PicS N.V. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 4.4/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are high - ROIC 23.1%, ROE 28.2%, ROA 2.6% - with debt at 0.22 times equity and a free-cash-flow yield of 52.1%.
PicS N.V. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 1/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 23.1% |
|---|---|---|---|
| GLS Moat | 4.4 / 10 | ROE | 28.2% |
| Debt / equity | 0.22 | ROA | 2.6% |
| Free-cash-flow yield | 52.1% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 33: Weak
With a Wheel Score of 33 PicS N.V. sits in the Weak band. It fails filter 5, can repay its debt - debt with no positive cash flow to repay it; and filter 7, a premium worth selling - implied volatility 102% (over 80%); and filter 8, big enough - market cap $941M (under $1.0B); Stability (weak) is its weakest part.
Implied volatility is 102%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 1,645 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 885k shares a day on a market cap of $941M, with a beta of 2.17 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Fails | debt with no positive cash flow to repay it |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 102% (over 80%) |
| 8 | Big enough | Fails | market cap $941M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 90% below fair value | |
| Premium | Weak | implied volatility 102% | |
| Moat | Fair | moat 4.4/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Weak | Red Flags score 60/100 | |
| Option trading | Weak | 928 contracts a day, 1,645 open interest | |
| Stability | Weak | beta 2.17, $941M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 23 Nov 2026, 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Infrastructure
The 12 companies below are the closest to PicS N.V. by market cap within the Software - Infrastructure industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| RPD Rapid7, Inc. | 15.04 | 19.62 | +23% | 31Weak | $1.0B |
| OSPN OneSpan Inc. | 23.66 | 34.06 | +31% | 47Weak | $873M |
| KPLT Katapult Holdings, Inc. | 10.05 | 112.20 | +91% | 27No options | $853M |
| YEXT Yext, Inc. | 7.83 | 7.81 | -0% | 31Weak | $775M |
| NN NextNav Inc. | 8.76 | - | - | 17Weak | $1.2B |
| RXT Rackspace Technology, Inc. | 2.81 | 6.67 | +58% | 27Weak | $716M |
| SABR Sabre Corporation | 1.74 | 23.40 | +93% | 40Weak | $702M |
| HQ Horizon Quantum Holdings Ltd. Class A Ordinary Shares | 12.88 | - | - | 14Weak | $695M |
| CCSI Consensus Cloud Solutions, Inc. | 37.18 | 82.65 | +55% | 51Fair | $681M |
| BAND Bandwidth Inc. | 43.38 | 15.04 | -188% | 28Weak | $1.3B |
| PRTH Priority Technology Holdings, Inc. | 7.92 | 27.53 | +71% | 30Weak | $653M |
| CGNT Cognyte Software Ltd. | 8.84 | 10.10 | +12% | 39Weak | $653M |
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Start free See the Sunday ScanQuestions about PICS
What kind of share is PICS?
PICS is PicS N.V.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is PICS undervalued right now?
By the GLS models, yes: at 7.26 the stock is 90% below the average fair value of 73.26 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of PICS and what does it mean?
PICS scores 33 out of 100 (Weak) - it fails Wheel Trade Filters 5, 7, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for PICS?
73.26 per share as of 5 Nov 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does PicS N.V. report earnings next?
The next earnings report is due on 23 Nov 2026, 18 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does PICS have listed options, and how liquid are they?
Yes. The nightly snapshot found 8 listed contracts with 1,645 open interest across all expiries and implied volatility of 102% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.