Companhia Catarinense de Águas e Saneamento - CASAN

Companhia Catarinense de Águas e Saneamento - CASAN

CASN4.SA
Companhia Catarinense de Águas e Saneamento - CASANBR flagB3 S.A.
10.00
BRL
+0.57
- -
12.38BMarket Cap
Companhia Catarinense de Águas e Saneamento - CASAN
CASN4.SA
(B3 S.A.)

Recent

price

10.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
0.41
0.69
0.75
0.53
0.57
0.61
0.66
0.79
0.84
1.01
1.04
1.1
1.17
1.31
1.52
1.64
1.79
Revenue per Share
0.03
-0.02
0.01
0.02
0.04
0.06
0.01
0.02
-0.02
-0.11
0.11
0.11
0.13
0.09
0.05
0.2
0.32
Basic EPS, GAAP
-0.07
-0.07
0.32
0.03
0.04
-0.11
-0.21
-0.24
-0.08
0.05
0.26
0.06
-0.17
-0.42
-0.17
-0.22
-0.18
Free Cash Flow per Basic Share
- -
0.01
- -
0.01
0.01
0.01
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.72
1.21
1.18
0.77
0.73
0.69
0.69
0.73
0.69
0.78
0.78
0.85
0.99
1.04
1.14
1.14
1.35
Book Value per Share
0.88
0.12
-0.38
-0.24
-0.25
-0.13
-0.14
-0.1
-0.13
-0.27
-0.47
-0.44
0.38
0.25
0.31
0.47
0.75
Tangible Book Value per Share
1,148
711
715
1,155
1,155
1,213
1,214
1,155
1,213
1,076
1,076
1,042
1,038
1,075
1,076
1,191
1,203
Basic Weighted Avg Shares
466
489
539
610
660
745
797
917
1,021
1,086
1,124
1,144
1,218
1,410
1,634
1,950
2,150
Sales/Revenue/Turnover
12
-8.27
4.59
13.29
15.6
13.33
13.89
18.85
3.46
-6.18
26.27
23.44
22.88
15.94
15.8
28.69
31.69
Operating Margin (%)
34
39
38
67
71
82
69
33
78
86
94
103
109
117
182
181
189
Depreciation Expense
34
-11
8
21
42
75
11
28
-28
-119
120
113
135
92
51
243
386
Net Income, GAAP
2.19
- -
11.89
- -
38.24
42.82
1.11
23.11
- -
- -
33.7
33.9
33.87
33.71
34.24
28.37
26.57
Effective Tax Rate (%)
7.33
-2.35
1.47
3.51
6.3
10.04
1.37
3.09
-2.79
-10.98
10.65
9.84
11.08
6.52
3.11
12.46
17.94
Profit Margin (%)
45
75
51
16
87
156
165
150
144
-63
131
-74
37
-172
184
97
130
Working Capital
197
193
150
131
235
449
720
898
975
883
1,154
1,206
1,266
1,358
1,826
2,031
2,135
LT Debt
1,010
1,513
1,278
1,237
1,220
1,278
1,279
1,339
1,307
1,246
1,257
1,294
1,672
1,861
2,004
2,258
2,575
Total Equity
4.86
- -
1.35
- -
4.17
3.39
5.76
6.14
- -
- -
7.94
6.63
6.24
4.47
4.38
8.95
10.44
Return on Invested Capital (%)
6.34
- -
3.62
- -
6
9.51
8.09
8.15
- -
- -
9.3
7.1
8.14
7.4
6.34
11.42
14.17
Return on Capital (%)
4.14
-1.36
0.93
2.47
4.79
8.87
1.3
3.37
-3.38
-14.16
14.21
13.03
14.09
8.56
4.33
18.84
24.38
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
483
405
460
LT Borrowings
1,840
2,216
2,123
LT Finance Leases
21
17
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,191
1,191
1,191
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
915
1,195
1,103
Cash, Cash Equivalents & STI
316
569
433
Accounts Receivable, Net
385
362
349
Inventories
120
122
121
Total Current Liabilities
922
844
972
Payables & Accruals
- -
- -
- -
ST Debt
483
405
460
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.24%
12.77%
12.72%
Free Cash Flow
-6.44%
-69%
44.84%
Net Income, GAAP
30.82%
63.24%
378.94%
Sales/Revenue/Turnover
10.25%
11.85%
19.36%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
405
386
408
435
1,634
2024
463
466
497
524
1,950
2025
574
531
520
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.03
0.01
0.01
- -
0.05
2024
0.04
0.05
0.06
- -
0.2
2025
0.11
0.06
0.09
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Business
Companhia Catarinense de Águas e Saneamento (CASAN) operates primarily in the water supply and basic sanitation sector, providing water collection, treatment, and distribution services; sewage collection, treatment, and disposal; and infrastructure development for these utilities. The company manufactures and operates water treatment plants, sewage treatment plants, reservoirs, pipelines (adductors), and related infrastructure. It serves 194 municipalities mainly in the state of Santa Catarina and one municipality in Paraná, Brazil, covering approximately 46% of Santa Catarina’s population, or about 2.9 million people. CASAN’s core offerings include water and sewage systems construction and management, operation of water and sewage networks, and sustainable water resources management. The company also invests in solar and hydroelectric power generation as part of its sustainability initiatives. Founded in 1963 and headquartered in Florianópolis, Brazil, CASAN is a key utility provider in the region. In recent years, CASAN has undertaken significant operational and strategic developments. In 2024, it invested approximately R$500 million in infrastructure improvements including new reservoirs, water and sewage treatment plants, and modernized water and sewage networks. The company inaugurated new sewage systems in six municipalities, increasing sewage service coverage by over 8% and adding more than 26,000 residences to its sewage collection network. It continues to expand and modernize key projects such as the Chapecozinho project and Lajeado São José reservoir dredging. CASAN also introduced new advanced business and technological models to enhance operational efficiency and sustainability. Its financial health improved substantially, leading to upgraded credit ratings from Fitch and Moody’s. Additionally, CASAN secured authorization for a €100 million financing agreement with the European Bank aimed at modernizing and extending its water and sewage infrastructure. In 2025, the company programmed a tariff reduction of 4.21% resulting from economic-financial rebalancing after a period of frozen tariffs, reflecting profitability gains and debt reduction. CASAN operates within the water and sanitation utility industry, targeting municipal governments and residential customers across its service area in Santa Catarina and Paraná. Through subsidiaries and strategic programs, it collaborates on environmental conservation and water basin revitalization initiatives, aligned with sustainability and social impact goals. The company’s portfolio now includes solar and hydroelectric power generation assets complementing its utility business. CASAN’s ongoing focus on innovation, sustainability, and infrastructure expansion reinforces its position as a leading provider of integrated water and sewage services in southern Brazil.