Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

SBSP3.SA
Companhia de Saneamento Básico do Estado de São Paulo - SABESPBR flagB3 S.A.
29.71
BRL
-0.66
- -
104.18BMarket Cap
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
SBSP3.SA
(B3 S.A.)

Recent

price

29.71

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.62
2.82
3.05
3.21
3.18
3.32
4
4.14
4.56
5.1
5.05
5.53
6.26
7.47
10.56
11.12
11.25
Revenue per Share
0.46
0.39
0.54
0.55
0.26
0.15
0.84
0.71
0.8
0.96
0.28
0.65
0.89
1.03
2.8
2.47
2.48
Basic EPS, GAAP
0.05
0.14
0.08
0.13
-0.08
0.05
0.25
0.38
0.47
1.17
1.4
1.1
1.1
0.21
-0.18
-1.57
-0.32
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.71
2.96
1.76
3.67
2.84
2.84
2.84
2.84
4.26
4.26
4.26
4.26
4.26
4.38
4.38
6.19
6.43
Book Value per Share
-2.52
-2.72
-3.04
-3.1
-3.6
-4.2
-4.49
-4.53
-2.68
-3.03
-3.28
-3.25
-3.38
-4.1
-2.25
-2.35
-1.95
Tangible Book Value per Share
3,523
3,525
3,525
3,525
3,525
3,525
3,525
3,525
3,525
3,525
3,525
3,525
3,525
3,423
3,423
3,425
3,524
Basic Weighted Avg Shares
9,231
9,927
10,738
11,316
11,213
11,712
14,098
14,608
16,085
17,984
17,798
19,491
22,056
25,572
36,145
38,092
39,631
Sales/Revenue/Turnover
28.95
25.34
26.54
27.72
17.06
25.9
24.13
26.97
32
31.63
25.04
20.79
20.67
24.53
42.62
32.51
32.59
Operating Margin (%)
552
769
739
871
1,004
1,074
1,147
1,302
1,393
1,780
2,037
2,253
2,451
2,791
2,677
2,209
2,323
Depreciation Expense
1,630
1,381
1,912
1,924
903
536
2,947
2,519
2,835
3,368
973
2,306
3,121
3,524
9,580
8,462
8,729
Net Income, GAAP
28.89
26.51
24.96
27.57
29.17
8.72
28.63
28.09
27.53
28.01
26.6
27.26
26.95
25.88
29.78
27.69
26.08
Effective Tax Rate (%)
17.66
13.91
17.81
17
8.05
4.58
20.9
17.25
17.63
18.73
5.47
11.83
14.15
13.78
26.5
22.21
22.03
Profit Margin (%)
84
-251
-428
282
-265
-290
-479
-198
204
-1,557
541
1,410
627
-624
-1,363
2,004
11,027
Working Capital
7,022
6,794
7,533
8,809
9,579
11,595
10,718
10,354
11,049
10,385
14,224
15,893
16,713
16,920
22,124
35,050
46,770
LT Debt
9,682
10,545
11,257
12,931
13,304
13,717
15,419
17,513
19,552
21,636
22,794
24,932
27,334
29,857
36,928
42,401
43,824
Total Equity
11.41
9.93
10.85
10.62
5.81
10.83
8.91
9.88
11.9
12.04
8.67
7.08
7.44
9.64
19.2
12.27
19.94
Return on Invested Capital (%)
15.75
9.85
13.44
12.01
5.77
4.5
14.86
12.77
12.74
13.62
5.04
8.74
12.03
13.34
28.98
21.58
31.91
Return on Capital (%)
27.95
13.82
23
20.1
7.87
5.36
29.47
25.19
22.68
22.45
6.49
15.37
20.81
23.49
63.86
46.74
77.1
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
5,783
5,093
4,873
LT Borrowings
28,918
34,930
46,649
LT Finance Leases
226
120
121
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,525
3,507
3,601
Market Capitalization
87,222
93,083
111,539

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
17,041
18,557
25,949
Cash, Cash Equivalents & STI
11,650
12,371
19,182
Accounts Receivable, Net
4,483
4,413
4,572
Inventories
29
22
126
Total Current Liabilities
14,535
16,553
14,922
Payables & Accruals
4,571
7,910
5,869
ST Debt
5,783
5,093
4,873
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.04%
13.35%
14.82%
Free Cash Flow
107.36%
93.83%
759.16%
Net Income, GAAP
74.06%
69.07%
-11.67%
Sales/Revenue/Turnover
13.02%
17.07%
5.39%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,560
6,749
14,997
7,839
36,145
2025
8,426
8,965
9,425
11,276
38,092
2026
9,965
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.34
1.73
- -
2.8
2025
0.43
0.61
0.61
- -
2.47
2026
0.5
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Companhia de Saneamento Básico do Estado de São Paulo (Sabesp) is a leading Brazilian water and sewage utility company providing comprehensive water supply, sewage collection and treatment services, urban rainwater management, drainage, urban cleaning, and solid waste management services. Its core operations encompass water extraction, treatment, and distribution; sanitary sewage services; industrial wastewater treatment; and energy commercialization related to its infrastructure. Sabesp serves over 375 municipalities within the state of São Paulo, including the metropolitan area, Baixada Santista, and Vale do Ribeira regions, providing water supply to approximately 28.1 million people and sewage services to over 25 million people. The company also offers advisory services and manages extensive infrastructure comprising reservoirs, water treatment plants, and distribution networks. Founded in 1973 and headquartered in São Paulo, Brazil, Sabesp has expanded through acquisitions and strategic initiatives. Notably, in 2025, Sabesp announced the acquisition of EMAE (Empresa Metropolitana de Águas e Energia SA), a hydroelectric power generation company with operations in São Paulo and surrounding regions, marking Sabesp's entry into the electric power sector and strengthening its water security through integrated resource management. Additionally, Sabesp secured its first concession awarded by competitive bidding for sanitation services in Olímpia municipality, reflecting a strategic shift towards expanding its footprint via concession contracts. The company is also executing a significant modernization plan with a capital investment program of R$70 billion through 2029, including the deployment of IoT-enabled smart water meters, artificial intelligence for operations monitoring and leakage detection, 3D printing for parts manufacturing, ultrafiltration water treatment systems, and sustainable odor control technologies at sewage stations. Sabesp focuses on serving residential, commercial, industrial, and government customers across its operating regions in the state of São Paulo. Its investments target expanding infrastructure capacity for water supply and sewage treatment to meet growing demand and regulatory requirements, supported by a detailed capital expenditure plan of approximately R$23.8 billion for 2022–2026. The company also undertakes energy commercialization activities linked to its water and sewage operations, leveraging renewable energy sources through its expanded asset base. Sabesp's operations and strategic initiatives underscore its role as one of the world's largest sanitation companies by population served, emphasizing sustainability, innovation, and integrated resource management in its business model.