Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Valid Soluções S.A. is a Brazil-based technology company specializing in secure identification, digital authentication, and payment solutions. The company operates primarily in the identification and digital security, mobile telecommunications, and financial services technology industries. Its core activities focus on issuing secure credentials, providing digital identity platforms, and enabling payment and connectivity solutions for governments, financial institutions, telecom operators, and large enterprises.
Founded in 1957, the company initially focused on secure printing and card manufacturing in Brazil and later expanded into digital identification and technology-enabled services. Over time, Valid transitioned from a traditional card issuer into a technology-driven provider of integrated physical and digital identity solutions, positioning itself as a key partner in national ID programs and secure transaction ecosystems. Its strategic positioning is anchored in long-term government contracts, regulatory know-how, and proprietary security technologies.
Business Operations
Valid generates revenue through three primary business segments: ID Solutions, Mobile, and Pay. ID Solutions encompasses secure document issuance, biometric enrollment, digital identity platforms, and authentication systems, primarily for public-sector clients. Mobile focuses on SIM cards, eSIMs, and value-added services for telecom operators. Pay includes payment cards, prepaid solutions, and digital payment enablement for banks and fintechs.
The company operates through subsidiaries including Valid ID, Valid Mobile, and Valid Pay, which manage specialized technologies and customer relationships within their respective segments. Operations span both domestic and international markets, with Brazil representing the largest revenue base. Data inconclusive based on available public sources regarding the exact revenue contribution split by segment in the most recent fiscal year.
Strategic Position & Investments
Valid’s strategic direction emphasizes digital transformation, recurring revenue models, and expansion of software-based identity platforms. Growth initiatives include increased investment in biometric authentication, digital ID lifecycle management, and cloud-enabled credential issuance. The company has publicly stated its intent to reduce exposure to lower-margin commoditized printing activities while scaling higher-value digital services.
The company has pursued selective acquisitions and partnerships to strengthen capabilities in digital identity and payments; however, publicly available sources provide limited detail on the financial scale and performance impact of recent transactions. Data inconclusive based on available public sources regarding the full scope of minority investments or emerging-technology pilot programs beyond disclosed strategic priorities.
Geographic Footprint
Valid is headquartered in Brazil, where it maintains nationwide operations supporting federal, state, and municipal government programs, as well as major financial institutions and telecom operators. Brazil represents the company’s most significant market in terms of revenue and operational scale.
Internationally, Valid maintains a presence across Latin America, North America, Europe, Africa, and parts of Asia, primarily through contracts for identification systems, SIM card supply, and payment solutions. Its international activities are typically project-based or contract-driven, with varying degrees of local partnerships and subsidiaries depending on regulatory requirements.
Leadership & Governance
Valid was founded by Angelo Calmon de Sá, who played a central role in establishing the company’s focus on secure credentials and long-term institutional relationships. The company is publicly listed and governed by a board of directors overseeing strategic direction, risk management, and capital allocation.
Key executives include:
- Claudio Martins – Chief Executive Officer
- Angelo Calmon de Sá – Chairman of the Board
- Alexandre Lemos – Chief Financial Officer
- Ricardo Tonelli – Chief Operating Officer
Management emphasizes operational efficiency, technological differentiation, and disciplined capital allocation, with a stated focus on sustainable growth through digital solutions and long-term customer contracts.