(SBS) Companhia de Saneamento - Overview

Sector: Utilities | Industry: Utilities - Regulated Water | Exchange: NYSE (USA) | Market Cap: 22.340m USD | Total Return: 88.5% in 12m

Water, Sewage, Sanitation
Total Rating 70
Safety 76
Buy Signal 0.63
Utilities - Regulated Water
Industry Rotation: -6.5
Market Cap: 22.3B
Avg Turnover: 39.6M USD
ATR: 3.18%
Peers RS (IBD): 95.5
Risk 5d forecast
Volatility31.3%
Rel. Tail Risk-1.16%
Reward TTM
Sharpe Ratio1.88
Alpha55.90
Character TTM
Beta0.623
Beta Downside0.234
Drawdowns 3y
Max DD23.79%
CAGR/Max DD2.08
EPS (Earnings per Share) EPS (Earnings per Share) of SBS over the last years for every Quarter: "2021-03": 0.73, "2021-06": 1.13, "2021-09": 0.69, "2021-12": 0.82, "2022-03": 1.43, "2022-06": 0.61, "2022-09": 1.58, "2022-12": 0.94, "2023-03": 1.09, "2023-06": 1.09, "2023-09": 1.24, "2023-12": 1.74, "2024-03": 1.2, "2024-06": 1.77, "2024-09": 1.56, "2024-12": 0.3662, "2025-03": 0.3022, "2025-06": 0.5136, "2025-09": 0.5817, "2025-12": 0.5278, "2026-03": 0,
EPS CAGR: -40.51%
EPS Trend: -57.5%
Last SUE: -0.78
Qual. Beats: 0
Revenue Revenue of SBS over the last years for every Quarter: 2021-03: 4677.417, 2021-06: 4595.919, 2021-09: 5153.917, 2021-12: 5063.808, 2022-03: 4870.39, 2022-06: 5265.4, 2022-09: 5987.739, 2022-12: 5932.191, 2023-03: 5698.369, 2023-06: 6154.537, 2023-09: 6453.246, 2023-12: 7265.904, 2024-03: 6560.246, 2024-06: 6749.493, 2024-09: 14996.842, 2024-12: 14399.142, 2025-03: 8426.2, 2025-06: 8964.53, 2025-09: 9424.891, 2025-12: 10528.179, 2026-03: null,
Rev. CAGR: 22.82%
Rev. Trend: 79.3%
Last SUE: 3.67
Qual. Beats: 2

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: SBS Companhia de Saneamento

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a major Brazilian utility provider specializing in water supply and sewage collection across 375 municipalities in São Paulo State. The company operates a regulated business model where revenue is generated through long-term concession agreements and wholesale service contracts. Headquartered in São Paulo, the firm manages millions of individual connections, providing critical infrastructure to one of South Americas most densely populated regions.

The water utility sector typically benefits from high barriers to entry and inelastic demand, as these services are essential for public health and urban development. SABESP’s operations are subject to regional regulatory frameworks that determine tariff adjustments based on operational costs and capital expenditure requirements. For a deeper look into the companys valuation metrics, consider reviewing the latest data on ValueRay.

Headlines to Watch Out For
  • Water and sewage connection growth drives revenue
  • Tariff adjustments impact profitability
  • Drought conditions threaten water supply and operations
  • Brazilian economic stability affects consumer affordability
  • Regulatory changes to sanitation framework create uncertainty
Piotroski VR‑10 (Strict) 4.5
Net Income: 8.30b TTM > 0 and > 6% of Revenue
FCF/TA: 0.17 > 0.02 and ΔFCF/TA 7.48 > 1.0
NWC/Revenue: 5.36% < 20% (prev -3.19%; Δ 8.56% < -1%)
CFO/TA 0.08 > 3% & CFO 8.36b > Net Income 8.30b
Net Debt (35.32b) to EBITDA (14.20b): 2.49 < 3
Current Ratio: 1.12 > 1.5 & < 3
Outstanding Shares: last quarter (684.2m) vs 12m ago 0.11% < -2%
Gross Margin: 36.64% > 18% (prev 0.49%; Δ 3.62k% > 0.5%)
Asset Turnover: 39.90% > 50% (prev 52.75%; Δ -12.84% > 0%)
Interest Coverage Ratio: 2.86 > 6 (EBITDA TTM 14.20b / Interest Expense TTM 4.21b)
Altman Z'' 2.25
A: 0.02 (Total Current Assets 18.55b - Total Current Liabilities 16.54b) / Total Assets 106.22b
B: 0.17 (Retained Earnings 18.25b / Total Assets 106.22b)
C: 0.13 (EBIT TTM 12.04b / Avg Total Assets 93.59b)
D: 0.67 (Book Value of Equity 42.85b / Total Liabilities 63.84b)
Altman-Z'' Score: 2.25 = BBB
Beneish M -2.55
DSRI: 1.36 (Receivables 5.98b/5.01b, Revenue 37.34b/42.71b)
GMI: 1.33 (GM 36.64% / 48.63%)
AQI: 0.95 (AQ_t 0.82 / AQ_t-1 0.86)
SGI: 0.87 (Revenue 37.34b / 42.71b)
TATA: -0.00 (NI 8.30b - CFO 8.36b) / TA 106.22b)
Beneish M-Score: -2.55 (Cap -4..+1) = A
What is the price of SBS shares? As of April 08, 2026, the stock is trading at USD 30.44 with a total of 897,113 shares traded.
Over the past week, the price has changed by -0.23%, over one month by +8.15%, over three months by +27.59% and over the past year by +88.54%.
Is SBS a buy, sell or hold? Companhia de Saneamento has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy SBS.
  • StrongBuy: 3
  • Buy: 3
  • Hold: 0
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the SBS price?
Analysts Target Price 32.1 5.4%
Companhia de Saneamento (SBS) - Fundamental Data Overview as of 07 April 2026
Market Cap BRL = 115.11b (22.34b USD * 5.1527 USD.BRL)
P/E Trailing = 12.7689
P/E Forward = 15.7233
P/S = 0.5865
P/B = 2.6819
P/EG = 0.4697
Revenue TTM = 37.34b BRL
EBIT TTM = 12.04b BRL
EBITDA TTM = 14.20b BRL
Long Term Debt = 34.93b BRL (from longTermDebt, last quarter)
Short Term Debt = 4.96b BRL (from shortTermDebt, last quarter)
Debt = 39.99b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 35.32b BRL (from netDebt column, last quarter)
Enterprise Value = 142.73b BRL (115.11b + Debt 39.99b - CCE 12.37b)
Interest Coverage Ratio = 2.86 (Ebit TTM 12.04b / Interest Expense TTM 4.21b)
EV/FCF = 8.12x (Enterprise Value 142.73b / FCF TTM 17.57b)
FCF Yield = 12.31% (FCF TTM 17.57b / Enterprise Value 142.73b)
FCF Margin = 47.06% (FCF TTM 17.57b / Revenue TTM 37.34b)
Net Margin = 22.21% (Net Income TTM 8.30b / Revenue TTM 37.34b)
Gross Margin = 36.64% ((Revenue TTM 37.34b - Cost of Revenue TTM 23.66b) / Revenue TTM)
Gross Margin QoQ = 32.46% (prev 31.77%)
Tobins Q-Ratio = 1.34 (Enterprise Value 142.73b / Total Assets 106.22b)
Interest Expense / Debt = 8.17% (Interest Expense 3.27b / Debt 39.99b)
Taxrate = 8.47% (233.1m / 2.75b)
NOPAT = 11.02b (EBIT 12.04b * (1 - 8.47%))
Current Ratio = 1.12 (Total Current Assets 18.55b / Total Current Liabilities 16.54b)
Debt / Equity = 0.94 (Debt 39.99b / totalStockholderEquity, last quarter 42.38b)
Debt / EBITDA = 2.49 (Net Debt 35.32b / EBITDA 14.20b)
Debt / FCF = 2.01 (Net Debt 35.32b / FCF TTM 17.57b)
Total Stockholder Equity = 40.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.86% (Net Income 8.30b / Total Assets 106.22b)
RoE = 20.24% (Net Income TTM 8.30b / Total Stockholder Equity 40.98b)
RoCE = 15.85% (EBIT 12.04b / Capital Employed (Equity 40.98b + L.T.Debt 34.93b))
RoIC = 14.32% (NOPAT 11.02b / Invested Capital 76.92b)
WACC = 7.99% (E(115.11b)/V(155.10b) * Re(8.17%) + D(39.99b)/V(155.10b) * Rd(8.17%) * (1-Tc(0.08)))
Discount Rate = 8.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.05%
[DCF] Terminal Value 81.62% ; FCFF base≈13.48b ; Y1≈16.63b ; Y5≈28.37b
[DCF] Fair Price = 629.3 (EV 488.49b - Net Debt 35.32b = Equity 453.17b / Shares 720.2m; r=7.99% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -57.53 | EPS CAGR: -40.51% | SUE: -0.78 | # QB: 0
Revenue Correlation: 79.32 | Revenue CAGR: 22.82% | SUE: 3.67 | # QB: 2
EPS next Quarter (2026-06-30): EPS=0.46 | Chg7d=-0.001 | Chg30d=-0.001 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=1.88 | Chg7d=-0.028 | Chg30d=-0.018 | Revisions Net=-1 | Growth EPS=+7.1% | Growth Revenue=+13.7%
EPS next Year (2027-12-31): EPS=3.03 | Chg7d=-0.015 | Chg30d=-0.015 | Revisions Net=+1 | Growth EPS=+61.4% | Growth Revenue=+16.7%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 0.3% (Discount Rate 8.2% - Earnings Yield 7.8%)
[Growth] Growth Spread = -26.7% (Analyst -26.4% - Implied 0.3%)
External Resources
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