COSAN SA -ADR (CSAN)
US22113B1035 - ADR
CSAN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 206 industry peers in the Oil, Gas & Consumable Fuels industry. CSAN has a medium profitability rating, but doesn't score so well on its financial health evaluation. CSAN is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
CSAN had positive earnings in the past year.
CSAN had a positive operating cash flow in the past year.
Each year in the past 5 years CSAN has been profitable.
Each year in the past 5 years CSAN had a positive operating cash flow.
1.2 Ratios
CSAN's Return On Assets of 2.05% is on the low side compared to the rest of the industry. CSAN is outperformed by 70.59% of its industry peers.
CSAN has a Return On Equity of 14.92%. This is in the better half of the industry: CSAN outperforms 61.76% of its industry peers.
CSAN has a worse Return On Invested Capital (3.25%) than 70.10% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSAN is significantly below the industry average of 29.25%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.05% | ||
| ROE | 14.92% | ||
| ROIC | 3.25% |
ROA(3y)2.64%
ROA(5y)3.54%
ROE(3y)17.49%
ROE(5y)16.66%
ROIC(3y)4%
ROIC(5y)4.83%
1.3 Margins
CSAN's Profit Margin of 7.12% is on the low side compared to the rest of the industry. CSAN is outperformed by 61.76% of its industry peers.
CSAN's Profit Margin has declined in the last couple of years.
The Operating Margin of CSAN (12.61%) is worse than 60.78% of its industry peers.
CSAN's Operating Margin has improved in the last couple of years.
CSAN has a Gross Margin (30.06%) which is in line with its industry peers.
In the last couple of years the Gross Margin of CSAN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.61% | ||
| PM (TTM) | 7.12% | ||
| GM | 30.06% |
OM growth 3Y13.76%
OM growth 5Y11.76%
PM growth 3Y-23.96%
PM growth 5Y-29.62%
GM growth 3Y0.4%
GM growth 5Y1.77%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CSAN is destroying value.
CSAN has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, CSAN has more shares outstanding
CSAN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.73, we must say that CSAN is in the distress zone and has some risk of bankruptcy.
CSAN has a Altman-Z score of 0.73. This is in the lower half of the industry: CSAN underperforms 64.71% of its industry peers.
CSAN has a debt to FCF ratio of 15.71. This is a negative value and a sign of low solvency as CSAN would need 15.71 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 15.71, CSAN is doing worse than 60.78% of the companies in the same industry.
A Debt/Equity ratio of 3.15 is on the high side and indicates that CSAN has dependencies on debt financing.
CSAN has a Debt to Equity ratio of 3.15. This is amonst the worse of the industry: CSAN underperforms 89.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.15 | ||
| Debt/FCF | 15.71 | ||
| Altman-Z | 0.73 |
ROIC/WACC0.34
WACC9.5%
2.3 Liquidity
CSAN has a Current Ratio of 1.86. This is a normal value and indicates that CSAN is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.86, CSAN is doing good in the industry, outperforming 73.04% of the companies in the same industry.
CSAN has a Quick Ratio of 1.73. This is a normal value and indicates that CSAN is financially healthy and should not expect problems in meeting its short term obligations.
CSAN's Quick ratio of 1.73 is fine compared to the rest of the industry. CSAN outperforms 73.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.73 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 156.61% over the past year.
CSAN shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.55% yearly.
CSAN shows a small growth in Revenue. In the last year, the Revenue has grown by 2.72%.
The Revenue has been growing by 30.85% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)156.61%
EPS 3Y1.66%
EPS 5Y-6.55%
EPS Q2Q%15.79%
Revenue 1Y (TTM)2.72%
Revenue growth 3Y42.96%
Revenue growth 5Y30.85%
Sales Q2Q%-70.54%
3.2 Future
Based on estimates for the next years, CSAN will show a very strong growth in Earnings Per Share. The EPS will grow by 66.21% on average per year.
Based on estimates for the next years, CSAN will show a small growth in Revenue. The Revenue will grow by 3.92% on average per year.
EPS Next Y22.81%
EPS Next 2Y98.25%
EPS Next 3Y66.21%
EPS Next 5YN/A
Revenue Next Year7.34%
Revenue Next 2Y3.58%
Revenue Next 3Y3.92%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.77 indicates a correct valuation of CSAN.
The rest of the industry has a similar Price/Earnings ratio as CSAN.
Compared to an average S&P500 Price/Earnings ratio of 29.64, CSAN is valued rather cheaply.
CSAN is valuated cheaply with a Price/Forward Earnings ratio of 4.40.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CSAN indicates a rather cheap valuation: CSAN is cheaper than 89.22% of the companies listed in the same industry.
CSAN is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.28, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 4.4 |
4.2 Price Multiples
CSAN's Enterprise Value to EBITDA is on the same level as the industry average.
CSAN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CSAN is cheaper than 89.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.23 | ||
| EV/EBITDA | 7.13 |
4.3 Compensation for Growth
CSAN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CSAN's earnings are expected to grow with 66.21% in the coming years.
PEG (NY)0.6
PEG (5Y)N/A
EPS Next 2Y98.25%
EPS Next 3Y66.21%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.30%, CSAN is a good candidate for dividend investing.
The stock price of CSAN dropped by -30.42% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 6.61, CSAN pays a bit more dividend than its industry peers.
CSAN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
5.2 History
The dividend of CSAN is nicely growing with an annual growth rate of 16.15%!
CSAN has been paying a dividend for over 5 years, so it has already some track record.
The dividend of CSAN decreased recently.
Dividend Growth(5Y)16.15%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CSAN pays out 125.87% of its income as dividend. This is not a sustainable payout ratio.
CSAN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP125.87%
EPS Next 2Y98.25%
EPS Next 3Y66.21%
COSAN SA -ADR
NYSE:CSAN (11/29/2024, 5:04:00 PM)
After market: 6.77 +0.16 (+2.42%)6.61
-0.71 (-9.7%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.08B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.77 | ||
| Fwd PE | 4.4 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.6
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.05% | ||
| ROE | 14.92% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.61% | ||
| PM (TTM) | 7.12% | ||
| GM | 30.06% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.15 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.86 | ||
| Quick Ratio | 1.73 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)156.61%
EPS 3Y1.66%
EPS 5Y
EPS Q2Q%
EPS Next Y22.81%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.72%
Revenue growth 3Y42.96%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y