Company Valuation: Cosan S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 40,516 32,014 36,155 15,200 21,060 19,406 - -
Change - -20.98% 12.93% -57.96% 38.55% -7.85% - -
Enterprise Value (EV) 1 70,813 32,014 83,677 71,262 64,456 75,570 69,395 65,328
Change - -54.79% 161.37% -14.84% -9.55% 17.24% -8.17% -5.86%
P/E 6.52x 27.3x 33.2x -1.61x -1.37x 492x 11.4x 8.24x
PBR 2.71x - 1.73x 1.39x 3.97x 1.16x 0.97x -
PEG - -0.3x -4.85x 0x 0.1x -5x 0x 0.2x
Capitalization / Revenue 0.36x 0.2x 0.92x 0.35x 0.52x 0.12x 0.12x 0.14x
EV / Revenue 0.63x 0.2x 2.12x 1.62x 1.59x 0.48x 0.42x 0.47x
EV / EBITDA 5.97x 2.03x 5.1x 4.68x 12.9x 5.05x 3.86x 3.75x
EV / EBIT 7.35x 2.51x 6.41x 6.28x 59.3x 7.14x 5.6x 4.86x
EV / FCF 61.3x - 20.9x 13.6x 14.1x 13.4x 10.8x -
FCF Yield 1.63% - 4.79% 7.36% 7.09% 7.44% 9.23% -
Dividend per Share 2 0.8 - 1.27 1.58 - - 0.0146 0.0232
Rate of return 3.69% - 6.56% 19.4% - - 0.3% 0.47%
EPS 2 3.326 0.6264 0.5835 -5.06 -3.89 0.01 0.4303 0.5969
Distribution rate 24.1% - 218% -31.2% - - 3.39% 3.88%
Net sales 1 113,096 162,253 39,468 43,951 40,419 159,093 164,335 138,519
EBITDA 1 11,862 15,762 16,421 15,213 4,978 14,960 17,966 17,427
EBIT 1 9,640 12,748 13,056 11,344 1,087 10,584 12,386 13,441
Net income 1 6,312 1,176 1,094 -9,424 -9,722 -240.3 1,333 2,092
Net Debt 1 30,297 - 47,522 56,062 43,396 56,164 49,989 45,922
Reference price 2 21.690 17.120 19.360 8.160 5.320 4.920 4.920 4.920
Nbr of stocks (in thousands) 1,867,975 1,869,987 1,867,500 1,862,800 3,958,645 3,944,366 - -
Announcement Date 2/18/22 2/28/23 3/28/24 3/11/25 3/9/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.04x - - -.--% 1,139B
26.63x2.15x13.36x1.04% 164B
22.18x3.68x12.64x1.88% 84.97B
28.81x2.12x15.91x0.79% 80.8B
23.79x5.1x17.4x2.4% 77.55B
30.98x3.84x17.68x2.86% 67B
18.94x1.52x10.77x1.3% 64.89B
52.82x3.22x16.51x2.35% 29.75B
Average 28.65x 3.09x 14.89x 1.58% 213.47B
Weighted average by Cap. 25.65x 2.96x 14.54x 0.54%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cosan S.A.

Historical PBR trend

Valuation ratios - PBR - Cosan S.A.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cosan S.A.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cosan S.A.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Cosan S.A.