Sao Martinho S.A.

Sao Martinho S.A.

20.52
BRL
-0.33
(-1.58%)
2.46EPS
6.39P/E
5.07BMarket Cap
Nov 09Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
4.55
5.67
6.9
7.74
10.3
10.28
10.6
12.43
16.51
24.34
19.9
21.48
22.45
21.52
Basic EPS, GAAP
0.4
0.85
0.61
0.84
1.47
0.96
1.83
2.68
4.28
3.73
4.26
1.67
2.53
2.46
Free Cash Flow per Basic Share
0.6
1.54
1.39
1.76
3.14
3.53
4.09
4.86
6.27
6.59
8
4.39
6.4
5.06
Dividend per Share
0.09
0.13
0.2
0.16
0.3
0.55
0.66
0.54
2.33
1.38
1.18
1.22
0.39
- -
Book Value per Share
6.16
7.68
7.83
9.49
9.38
9.67
9.65
11.19
15.35
17.07
19.84
20.39
22.82
22.85
Tangible Book Value per Share
5.59
6.2
6.4
8.18
8.09
8.3
8.35
9.96
14.03
15.73
18.53
17.89
20.22
21.43
Basic Weighted Avg Shares
337
338
339
337
333
327
348
346
346
272
346
333
331
330
Sales/Revenue/Turnover
1,534
1,916
2,339
2,610
3,436
3,360
3,694
4,305
5,720
6,628
6,892
7,162
7,432
7,103
Operating Margin (%)
16.25
16.47
18.27
16.27
23.08
17.1
22.12
26.05
34.27
23.42
15.62
20.69
18.27
17.48
Depreciation Expense
126
207
234
239
364
438
643
678
786
1,081
1,150
1,185
1,086
1,023
Net Income, GAAP
135
286
207
284
492
314
639
927
1,481
1,016
1,476
557
836
811
Effective Tax Rate (%)
28.4
8.13
- -
31.37
21.02
17.19
12.9
23.3
23.64
14.9
17.37
- -
- -
- -
Profit Margin (%)
8.8
14.93
8.85
10.88
14.31
9.35
17.3
21.54
25.89
15.33
21.42
7.77
11.25
11.43
Working Capital
169
681
876
493
1,467
1,995
1,750
1,364
3,378
3,072
3,375
3,716
4,482
5,805
LT Debt
1,357
2,647
3,074
2,457
3,440
3,899
4,781
3,943
6,007
8,114
6,143
7,855
8,880
9,761
Total Equity
2,076
2,602
2,647
3,403
3,290
3,391
3,347
3,987
5,318
5,912
6,862
6,699
7,364
7,376
Return on Invested Capital (%)
4.59
8.35
- -
6.65
8.52
7.45
12.23
13.59
17.77
12.71
13.93
- -
- -
- -
Return on Capital (%)
5.25
9.09
- -
6.95
9.85
7.1
10.48
12.28
16.81
15.04
15.97
- -
- -
- -
Return on Common Equity (%)
6.46
12.23
7.89
9.38
14.69
9.4
18.97
25.29
31.83
18.09
23.11
8.21
11.89
11.34

Capital Structure

BRL

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
895
1,065
982
LT Borrowings
8,563
8,454
9,412
LT Finance Leases
429
426
349
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
325
323
323
Market Capitalization
4,920
6,843
5,068

Working Capital

BRL

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
7,793
7,246
8,490
Cash, Cash Equivalents & STI
3,301
4,203
4,852
Accounts Receivable, Net
415
367
531
Inventories
3,089
1,791
2,108
Total Current Liabilities
2,714
2,764
2,685
Payables & Accruals
- -
- -
- -
ST Debt
895
1,065
982
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.43%
13.64%
9.92%
Free Cash Flow
21.83%
12.76%
44.9%
Net Income, GAAP
28.44%
12.31%
50.19%
Sales/Revenue/Turnover
12.79%
12.08%
3.77%
Total Cash Common Dividend
36.84%
43.39%
-68.41%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,644
1,958
1,822
1,738
7,162
2026
1,857
1,739
1,592
2,244
7,432
2027
1,528
- -
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.31
0.56
0.48
0.32
1.67
2026
0.19
0.53
1.28
0.54
2.53
2027
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
0.39
- -
1.22
2026
- -
- -
- -
- -
0.39
2027
- -
- -
- -
- -
- -

Company Description

CEO
Fábio Venturelli
Full Time Employees
12,500
Sector
Process industries
Industry
Chemicals: specialty
Address
Fazenda São Martinho Pradopolis SP Brazil 14850-000
IPO Date
Feb 12, 2007
Business
São Martinho S.A. (SMTO3.SA) ranks among Brazil's largest sugar and ethanol producers, operating sugarcane mills to manufacture and sell sugar, ethanol, electricity from bagasse cogeneration, and byproducts including yeast for animal feed, fusel oil as a solvent, pure amyl ethanol, and ribonucleic acid sodium salt for pharmaceutical and food uses; it offers raw sugars such as very high polarity (VHP) and very-very high polarity (VVHP) varieties, hydrated ethanol for flex-fuel vehicles, anhydrous ethanol as a gasoline additive, industrial ethanol for paints, cosmetics, and beverages, plus corn ethanol from its dedicated facilities; additional activities encompass sugarcane cultivation, real estate development and leasing, import-export of goods, land partnerships, mining exploitation, and product storage. The company manages four key units—São Martinho and Iracema in São Paulo state, Santa Cruz in Américo Brasiliense (SP), and Boa Vista in Quirinópolis (GO)—with a crushing capacity approaching 27 million tons annually (24.5 million tons sugarcane, 2.5 million tons corn equivalent), 100% mechanized harvesting, and advanced logistics including a proprietary rail terminal. Founded in 1914 by the Ometto family with initial milling at Olaria and subsequent acquisitions of Iracema (1937), São Martinho (1949), Santa Luiza (2007, now Santa Cruz), and Nova Fronteira Bioenergética from Petrobras (full ownership 2016), it went public on B3's Novo Mercado in 2007 under ticker SMTO3, maintaining headquarters at Fazenda São Martinho in Pradópolis, São Paulo, as a subsidiary of LJN Participações S.A. Recent developments include a January 2025 IFC financing of up to $165 million (R$1 billion) for its first biomethane plant at Santa Cruz via vinasse biodigestion, sugarcane field renovations, crop treatments, and fleet decarbonization with biomethane-fueled equipment, building on prior green funding like the 2021 R$1 billion deal for thermoelectric expansion and corn ethanol at Boa Vista; ongoing initiatives feature 5G testing, Cubo Agro partnership, RenovaBio CBio certification, and ESG advancements in sustainability and community programs.