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Cosan S.A. (CSAN3.SA)

BRL3.86 -0.03 (-0.77%)
BR SAO Utilities Regulated Gas
Address Avenida Brigadeiro Faria Lima, 4100 04538-132
São Paulo, SP, BR
CEO Marcelo Eduardo Martins
Website cosan.com.br
IPO 2005-11-18
ISIN BRCSANACNOR6

Explore sections of this company profile

Also trades on B3 S.A. · CSAN3.SA (BRL) New York Stock Exchange · CSAN (USD)
Description

Cosan S.A. engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, marketing, origination, and trading of sugar, as well as ethanol; production and marketing of bioenergy, and solar energy and biogas; trading and resale of electricity; and trading and marketing of fossil, renewable fuels, and lubricants under the Shell brand. Its Compass segment distributes piped natural gas to industrial, residential, commercial, automotive, and cogeneration customers; and marketing of natural gas. The company’s Moove segment produces, formulates, and distributes lubricants, base oils, and specialties under the Mobil brand and various proprietary brands for industrial, commercial, and passenger vehicles. Its Rumo segment provides logistics services for rail transportation, storage, and port loading of commodities, including grains and sugar; locomotive and railcar leasing; and rail equipment and container operations. The company’s Radar segment manages agricultural property. The company operates in Brazil, England, France, Spain, Portugal, Argentina, Bolivia, Uruguay, Paraguay, Singapore, United Arab Emirates, Oceania, the United States, Latin America, Europe, Asia, and internationally. Cosan S.A. was founded in 1936 and is headquartered in São Paulo, Brazil.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
BRL3.86 -0.03 (-0.77%)
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Volume Profile
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Liquidity & share structure
Average Volume
37M
Beta
0.45
Float Shares
1.04B
Free Float %
55.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-5.16% -16.79% -19.67% -27.94% -28.76% -16.00% -42.88% -72.81% -80.66% -52.53% -11.45%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
3.86
DCF (Unlevered) 14.36 +272.0%
DCF (Levered) 9.52 +146.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 56% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 4 0
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.57
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Regulated Gas: +4.9%
    -8.0% Q1'26: -6.6% (vs Q1'25)
  • ✗
    EPS growth Regulated Gas: +13.8%
    +25.1% ★ Q1'26: +58.3% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Regulated Gas: +30.8%
    +5.5% Q1'26: -15.9% (vs Q1'25)
  • ✓
    EBIT margin Regulated Gas: +12.9%
    +21.5% ★ Q1'26: +22.2% (vs Q1'25)
  • ✗
    ROIC Regulated Gas: +4.7%
    +11.5% ★ Q1'26: +11.0% (vs Q1'25)
  • ✗
    Share dilution Regulated Gas: 0.0%
    +33.6% Q1'26: +110.7% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Regulated Gas: 2.21×
    5.62× Q1'26: 5.45× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.60) × ERP
WACC = 13% × Ke + 87% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 13.26 Current price: 3.86
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
4 Rev. Ana.
4 EPS Ana. 		Dec 2027
7 Rev. Ana.
5 EPS Ana. 		Dec 2028
3 Rev. Ana.
3 EPS Ana. 		Dec 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
8.35B
est: 43.15B (-80.6%)
7.54B
est: 46.98B (-83.9%)
7.67B
est: 49.02B (-84.4%)
10.29B
est: 57.19B (-82.0%)
13.56B
est: 72.70B (-81.3%)
13.51B
est: 66.55B (-79.7%)
24.91B
est: 108.44B (-77.0%)
39.32B
est: 161.97B (-75.7%)
39.47B
est: 40.34B (-2.1%)
43.95B
est: 168.11B (-73.9%)
40.42B
est: 155.43B (-74.0%)
167.78B
160.38B – 174.01B
+7.9% YoY
171.12B
160.05B – 183.72B
+2.0% YoY
173.85B
173.61B – 174.10B
+1.6% YoY
186.04B
175.91B – 196.36B
+7.0% YoY
EBITDA
2.31B
est: 11.64B (-80.2%)
1.19B
est: 12.68B (-90.6%)
2.16B
est: 13.23B (-83.7%)
3.88B
est: 15.43B (-74.8%)
2.94B
est: 19.62B (-85.0%)
1.39B
est: 17.96B (-92.3%)
12.65B
est: 29.26B (-56.8%)
11.14B
est: 43.70B (-74.5%)
14.12B
est: 12.56B (+12.4%)
4.28B
est: 52.36B (-91.8%)
12.57B
est: 48.41B (-74.0%)
52.26B
49.95B – 54.20B
+7.9% YoY
53.30B
49.85B – 57.22B
+2.0% YoY
54.15B
54.07B – 54.23B
+1.6% YoY
57.95B
54.79B – 61.16B
+7.0% YoY
EBIT
1.75B
est: 8.22B (-78.8%)
615.66M
est: 8.95B (-93.1%)
1.61B
est: 9.34B (-82.7%)
3.32B
est: 10.90B (-69.5%)
2.37B
est: 13.85B (-82.9%)
767.36M
est: 12.68B (-93.9%)
10.15B
est: 20.66B (-50.9%)
8.12B
est: 30.86B (-73.7%)
10.75B
est: 8.96B (+20.0%)
416.02M
est: 37.34B (-98.9%)
8.68B
est: 34.52B (-74.8%)
37.27B
35.62B – 38.65B
+7.9% YoY
38.01B
35.55B – 40.81B
+2.0% YoY
38.62B
38.56B – 38.67B
+1.6% YoY
41.32B
39.07B – 43.61B
+7.0% YoY
Net Income
580.08M
est: 296.09M (+95.9%)
1.04B
est: 1.42B (-26.8%)
1.32B
est: 1.45B (-9.5%)
1.65B
est: 963.14M (+71.6%)
2.43B
est: 2.58B (-5.8%)
859.48M
est: 1.26B (-31.9%)
6.31B
est: 4.18B (+51.0%)
1.18B
est: 745.14M (+57.8%)
1.09B
est: 3.48B (-68.6%)
-9.42B
est: 2.53B (-473.1%)
-9.72B
est: -2.35B (-313.5%)
1.32B
525.14M – 4.10B
+156.3% YoY
2.98B
1.32B – 5.18B
+125.5% YoY
3.03B
859.87M – 3.26B
+1.7% YoY
3.25B
3.02B – 3.48B
+7.1% YoY
SGA
1.48B
est: 4.35B (-65.9%)
1.60B
est: 4.74B (-66.2%)
1.64B
est: 4.95B (-66.9%)
1.63B
est: 5.77B (-71.7%)
1.91B
est: 7.34B (-73.9%)
1.93B
est: 6.71B (-71.2%)
2.12B
est: 10.94B (-80.6%)
3.03B
est: 16.34B (-81.4%)
3.88B
est: 3.79B (+2.4%)
4.42B
est: 15.79B (-72.0%)
4.38B
est: 14.60B (-70.0%)
15.76B
15.06B – 16.35B
+7.9% YoY
16.07B
15.03B – 17.26B
+2.0% YoY
16.33B
16.31B – 16.35B
+1.6% YoY
17.48B
16.52B – 18.44B
+7.0% YoY
EPS
0.36
est: 0.16 (+127.4%)
0.64
est: 0.76 (-15.4%)
0.80
est: 0.78 (+2.9%)
1.03
est: 0.52 (+100.0%)
1.54
est: 1.38 (+11.8%)
0.55
est: 0.67 (-18.5%)
3.34
est: 2.23 (+49.4%)
0.63
est: 0.39 (+61.7%)
0.59
est: 1.39 (-57.6%)
-5.21
est: 1.01 (-615.6%)
-3.89
est: -0.94 (-314.2%)
0.76
0.21 – 1.64
+180.6% YoY
1.06
0.53 – 2.07
+40.5% YoY
0.91
0.34 – 1.31
-14.4% YoY
1.30
1.21 – 1.39
+42.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-14 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-13 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-12 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-11 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-4.03B
OE per share TTM
-0.93
Owner's Yield
-23.36%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
81.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 65 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Brazil Small-Cap ETF EWZS 2.37% 5.73M 0.59%
2 Franklin FTSE Brazil ETF FLBR 0.39% 2.14M 0.19%
3 Franklin FTSE Brazil UCITS ETF FLXB.L 0.39% 623.8K 0.19%
4 Franklin FTSE Latin America ETF FLLA 0.23% 252.0K 0.19%
5 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.09% 650.7K 0.65%
6 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.08% 315.9K 0.72%
7 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.08% 275.8K 0.74%
8 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.07% 420.5K 0.55%
9 Schwab Fundamental Emerging Markets Large Company Index ETF FNDE 0.03% 3.06M 0.39%
10 Vanguard Emerging Markets Ex-China ETF VEXC 0.02% 43.8K 0.07%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
154.5K
Shares Outstanding
1.86B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Fernando Pasinato Tinel Head of Investor Relations & ESG — male
Filipe Affonso Ferreira Chief Executive Officer—Moove — male
João Alberto Fernandez de Abreu Chief Executive Officer of Rumo — male
Marcelo Eduardo Martins Chief Executive Officer & Director — male
Maria Rita de Carvalho Drummond Chief Legal Officer — female
Rafael Bergman Chief Financial & Investor Relations Officer — male
Rubens Ometto Silveira de Mello Chairman of the Board — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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