COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP Financials Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Equities
SBSP3
BRSBSPACNOR5
Water Utilities
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 76.77 BRL | -5.63% |
|
-2.80% | +1.90% |
| May. 10 | Transcript : Companhia de Saneamento Básico do Estado de São Paulo - SABESP, Q1 2024 Earnings Call, May 10, 2024 | |
| Apr. 19 | Phoenix outbids EDF for control of Brazil power firm EMAE | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 41,393 | 30,375 | 27,463 | 39,069 | 51,516 | 53,184 | - | - |
| Enterprise Value (EV) 1 | 52,385 | 43,826 | 42,036 | 54,483 | 67,787 | 69,974 | 76,216 | 80,558 |
| P/E ratio | 12.3 x | 31.3 x | 11.9 x | 12.5 x | 14.6 x | 12.7 x | 11.5 x | 8.99 x |
| Yield | 2.27% | 0.9% | 2.35% | 2.23% | 1.91% | 1.95% | 2.07% | 2.55% |
| Capitalization / Revenue | 2.3 x | 1.71 x | 1.41 x | 1.77 x | 2.01 x | 1.9 x | 1.68 x | 1.41 x |
| EV / Revenue | 2.91 x | 2.46 x | 2.16 x | 2.47 x | 2.65 x | 2.5 x | 2.41 x | 2.14 x |
| EV / EBITDA | 6.97 x | 6.82 x | 6.6 x | 7.69 x | 7.44 x | 6.54 x | 6.48 x | 5.82 x |
| EV / FCF | 56.7 x | 26.8 x | 252 x | 159 x | 94.7 x | 22.5 x | 20.4 x | 16.2 x |
| FCF Yield | 1.76% | 3.73% | 0.4% | 0.63% | 1.06% | 4.45% | 4.9% | 6.16% |
| Price to Book | 1.91 x | 1.33 x | 1.1 x | 1.43 x | 1.73 x | 1.6 x | 1.43 x | 1.27 x |
| Nbr of stocks (in thousands) | 683,510 | 683,510 | 683,510 | 683,510 | 683,510 | 683,510 | - | - |
| Reference price 2 | 60.56 | 44.44 | 40.18 | 57.16 | 75.37 | 77.81 | 77.81 | 77.81 |
| Announcement Date | 3/27/20 | 3/25/21 | 3/24/22 | 3/23/23 | 3/22/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,984 | 17,798 | 19,491 | 22,056 | 25,572 | 28,044 | 31,649 | 37,587 |
| EBITDA 1 | 7,510 | 6,422 | 6,373 | 7,088 | 9,108 | 10,693 | 11,769 | 13,850 |
| EBIT 1 | 5,730 | 4,492 | 4,098 | 4,645 | 6,346 | 7,908 | 8,547 | 10,507 |
| Operating Margin | 31.86% | 25.24% | 21.02% | 21.06% | 24.82% | 28.2% | 27% | 27.95% |
| Earnings before Tax (EBT) 1 | 4,678 | 1,326 | 3,170 | 4,273 | 4,754 | 6,384 | 5,913 | 7,885 |
| Net income 1 | 3,368 | 973.3 | 2,306 | 3,121 | 3,524 | 4,201 | 4,852 | 6,030 |
| Net margin | 18.73% | 5.47% | 11.83% | 14.15% | 13.78% | 14.98% | 15.33% | 16.04% |
| EPS 2 | 4.930 | 1.420 | 3.370 | 4.570 | 5.160 | 6.140 | 6.775 | 8.653 |
| Free Cash Flow 1 | 923.8 | 1,636 | 166.8 | 343.4 | 715.8 | 3,112 | 3,731 | 4,963 |
| FCF margin | 5.14% | 9.19% | 0.86% | 1.56% | 2.8% | 11.1% | 11.79% | 13.21% |
| FCF Conversion (EBITDA) | 12.3% | 25.48% | 2.62% | 4.84% | 7.86% | 29.1% | 31.7% | 35.84% |
| FCF Conversion (Net income) | 27.43% | 168.1% | 7.23% | 11% | 20.31% | 74.07% | 76.9% | 82.31% |
| Dividend per Share 2 | 1.377 | 0.3979 | 0.9427 | 1.276 | 1.440 | 1.515 | 1.609 | 1.987 |
| Announcement Date | 3/27/20 | 3/25/21 | 3/24/22 | 3/23/23 | 3/22/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 5,064 | 4,870 | 5,265 | 5,988 | 5,932 | - | 5,698 | 6,155 | 6,453 | 7,266 | 6,560 | 6,502 | 6,634 | 6,726 | - | - |
| EBITDA 1 | 4,734 | 1,494 | 1,721 | 1,510 | 2,136 | 1,720 | - | 2,035 | 1,691 | 2,414 | 2,438 | 2,429 | 2,410 | 2,749 | 3,168 | 2,827 | 2,574 |
| EBIT 1 | - | 878.8 | 1,134 | 914.1 | 1,522 | 1,077 | 2,597 | 1,392 | 1,071 | 1,702 | 2,174 | 1,662 | 1,688 | 2,013 | 2,695 | - | - |
| Operating Margin | - | 17.35% | 23.29% | 17.36% | 25.43% | 18.16% | - | 24.44% | 17.4% | 26.37% | 29.92% | 25.34% | 25.96% | 30.35% | 40.07% | - | - |
| Earnings before Tax (EBT) 1 | - | 565.1 | - | - | 1,638 | 570.6 | - | 1,133 | 1,057 | - | 1,287 | 1,324 | 1,659 | 1,738 | 1,752 | - | - |
| Net income 1 | - | 567.5 | 975.5 | 422.5 | 1,081 | 642.2 | - | 747.2 | 743.7 | 846.3 | 1,186 | 823.3 | 1,092 | 1,069 | 1,224 | - | - |
| Net margin | - | 11.21% | 20.03% | 8.02% | 18.05% | 10.83% | - | 13.11% | 12.08% | 13.11% | 16.33% | 12.55% | 16.8% | 16.11% | 18.19% | - | - |
| EPS 2 | - | 0.8300 | 1.430 | 0.6200 | 1.582 | 0.9430 | - | 1.090 | 1.090 | 1.238 | 1.740 | 1.205 | 1.600 | 1.563 | 1.790 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.682 | - | - |
| Announcement Date | 3/27/20 | 3/24/22 | 5/6/22 | 8/12/22 | 11/10/22 | 3/23/23 | 3/23/23 | 5/15/23 | 8/10/23 | 11/9/23 | 3/22/24 | 5/9/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 10,991 | 13,451 | 14,573 | 15,413 | 16,271 | 16,790 | 23,032 | 27,374 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.463 x | 2.095 x | 2.287 x | 2.175 x | 1.786 x | 1.57 x | 1.957 x | 1.976 x |
| Free Cash Flow 1 | 924 | 1,636 | 167 | 343 | 716 | 3,112 | 3,731 | 4,963 |
| ROE (net income / shareholders' equity) | 16.4% | 4.38% | 9.66% | 11.9% | 6.16% | 13.2% | 13.9% | 14.8% |
| ROA (Net income/ Total Assets) | 7.48% | 2.01% | 4.45% | 5.66% | 2.97% | 8.45% | 9.2% | 8.85% |
| Assets 1 | 45,011 | 48,437 | 51,792 | 55,187 | 118,679 | 49,730 | 52,744 | 68,150 |
| Book Value Per Share 2 | 31.70 | 33.30 | 36.50 | 40.00 | 43.50 | 48.60 | 54.30 | 61.50 |
| Cash Flow per Share 2 | 6.140 | 7.280 | 5.730 | 5.800 | 7.070 | 10.40 | 17.60 | 19.00 |
| Capex 1 | 3,273 | 3,342 | 3,747 | 3,624 | 4,139 | 6,639 | 10,526 | 11,417 |
| Capex / Sales | 18.2% | 18.78% | 19.22% | 16.43% | 16.18% | 23.67% | 33.26% | 30.38% |
| Announcement Date | 3/27/20 | 3/25/21 | 3/24/22 | 3/23/23 | 3/22/24 | - | - | - |
1BRL in Million2BRL
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
13
Last Close Price
77.81
BRL
Average target price
98.53
BRL
Spread / Average Target
+26.63%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +3.24% | 10.44B | |
| +5.19% | 10.75B | |
| +2.09% | 10.01B | |
| +3.21% | 9.47B | |
| +1.72% | 3.05B | |
| +29.35% | 3.02B | |
| +10.04% | 3B | |
| -3.67% | 2.88B | |
| -4.66% | 2.6B | |
| +22.54% | 1.9B |
- Stock Market
- Equities
- SBSP3 Stock
- Financials Companhia de Saneamento Básico do Estado de São Paulo - SABESP
