Cosan S.A. (CSAN) 10-Year Financial Performance & Capital Metrics

CSAN • • Industrial / General

EnergyOil Refining & MarketingTraditional Petroleum Refining & MarketingIntegrated Refiners & Marketers

AboutCosan S.A., through its subsidiaries, primarily engages in the fuel distribution business in Brazil, Europe, Latin America, North America, Asia, and internationally. The company's Raízen segment distributes and markets fuels through a franchised network of service stations under the Shell brand; engages in the petroleum refining; operation of convenience stores; manufacture and sale of automotive and industrial lubricants; and production and sale of liquefied petroleum gas. This segment also markets various products derived from sugar cane, including raw sugar, and anhydrous and hydrated ethanol, as well as engages in activities related to energy cogeneration from sugarcane bagasse; sale of electricity; and holds interests in companies involved in research and development on new technology. The company's Gas and Power segment distributes piped natural gas to customers in the industrial, residential, commercial, automotive, and cogeneration sectors; and engages in purchase and sale of electricity to other traders. Its Moove segment produces and distributes lubricants under the Mobil and Comma brands. The company's Logistics segment provides logistics services for rail transportation, storage and port loading of commodities, including grains and sugar; and leases locomotives, wagons, and another railroad equipment. Its Cosan Investments segment manages agricultural, mining, and logistics projects; and invests in climate tech fund. Cosan S.A. was founded in 1936 and is headquartered in São Paulo, Brazil.Show more

Revenue $43.95B +11.4%
EBITDA $12.55B +14.6%
Net Income -$9.42B -961.1%
EPS (Diluted) -20.84 -998.3%
Gross Margin 31.2% +12.8%
EBITDA Margin 28.56% +2.9%
Operating Margin 21.15% +10.0%
Net Margin -21.44% -873.3%
ROE -20.85% -1044.7%
ROIC 7.19% +19.9%
Debt/Equity 1.85 +51.8%
Interest Coverage 1.30 -3.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 26.5%
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak momentum: RS Rating 13 (bottom 13%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y18.36%

5Y26.51%

3Y18.98%

TTM1.96%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-691.03%

EPS CAGR

10Y-

5Y-

3Y-

TTM-702.5%

ROCE

10Y Avg8.82%

5Y Avg5.98%

3Y Avg6.54%

Latest7.52%

Peer Comparison

Integrated Refiners & Marketers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DINOHF Sinclair Corporation	9.16B	49.82	54.75	-10.59%	1.46%	4.14%	6.98%	0.33
PSXPhillips 66	56.41B	140.01	28.06	-2.81%	1.14%	5.36%	4.13%	0.70
VLOValero Energy Corporation	56.3B	184.58	21.51	-10.28%	0.62%	2.84%	10.26%	0.42
MPCMarathon Petroleum Corporation	53.38B	177.59	17.60	-6.41%	1.13%	6.35%	11.49%	1.17
CSANCosan S.A.	3.75B	3.79	-0.18	11.36%	-31.04%	-41.23%	100%	1.85
DKDelek US Holdings, Inc.	1.74B	29.01	-3.31	-29.94%	-4.83%	-115.76%		4.98
PARRPar Pacific Holdings, Inc.	1.94B	38.64	-65.49	-3.13%	3.15%	16.9%		1.32

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	8.45B	7.54B	7.67B	10.3B	13.56B	13.51B	26.09B	39.32B	39.47B	43.95B
Revenue Growth %	0.04%	-0.11%	0.02%	0.34%	0.32%	-0%	0.93%	0.51%	0%	0.11%
Cost of Goods Sold+	5.92B	4.59B	5.05B	7.69B	9.59B	9.82B	20.26B	30.56B	28.55B	30.24B
COGS % of Revenue	0.7%	0.61%	0.66%	0.75%	0.71%	0.73%	0.78%	0.78%	0.72%	0.69%
Gross Profit+	2.53B	2.96B	2.62B	2.6B	3.97B	3.69B	5.83B	8.77B	10.92B	13.71B
Gross Margin %	0.3%	0.39%	0.34%	0.25%	0.29%	0.27%	0.22%	0.22%	0.28%	0.31%
Gross Profit Growth %	0.08%	0.17%	-0.11%	-0.01%	0.53%	-0.07%	0.58%	0.5%	0.25%	0.26%
Operating Expenses+	1.54B	1.6B	1.64B	1.44B	1.79B	1.9B	1.93B	2.81B	3.33B	4.42B
OpEx % of Revenue	0.18%	0.21%	0.21%	0.14%	0.13%	0.14%	0.07%	0.07%	0.08%	0.1%
Selling, General & Admin	1.51B	1.6B	1.64B	1.64B	1.91B	1.93B	2.12B	3.03B	3.88B	4.42B
SG&A % of Revenue	0.18%	0.21%	0.21%	0.16%	0.14%	0.14%	0.08%	0.08%	0.1%	0.1%
Research & Development	821K	0	0	0	0	0	0	0	0	0
R&D % of Revenue	0%	-	-	-	-	-	-	-	-	-
Other Operating Expenses	15.83M	-9.63M	0	-199.03M	-124.95M	-29.82M	-196.62M	-223.75M	-546.29M	172K
Operating Income+	1.83B	2.94B	2.93B	3.29B	3.54B	2.58B	3.9B	5.96B	7.59B	9.29B
Operating Margin %	0.22%	0.39%	0.38%	0.32%	0.26%	0.19%	0.15%	0.15%	0.19%	0.21%
Operating Income Growth %	0.23%	0.61%	-0%	0.12%	0.08%	-0.27%	0.51%	0.53%	0.27%	0.23%
EBITDA+	2.39B	3.52B	3.48B	3.85B	4.11B	3.2B	6.41B	8.97B	10.95B	12.55B
EBITDA Margin %	0.28%	0.47%	0.45%	0.37%	0.3%	0.24%	0.25%	0.23%	0.28%	0.29%
EBITDA Growth %	0.16%	0.47%	-0.01%	0.11%	0.07%	-0.22%	1%	0.4%	0.22%	0.15%
D&A (Non-Cash Add-back)	561.75M	577.96M	546.11M	560.19M	570.3M	623.08M	2.5B	3.01B	3.36B	3.26B
EBIT	1.75B	615.66M	1.61B	3.32B	2.37B	767.36M	10.15B	8.12B	10.75B	9.96B
Net Interest Income+	-773.42M	-938.69M	-1.11B	-400.25M	35.5M	45.56M	-2.88B	-3.29B	-3.13B	-4.71B
Interest Income	120.81M	200.35M	223.7M	537.06M	106.59M	84.22M	1.01B	2.18B	2.51B	2.44B
Interest Expense	1.07B	1.3B	1.02B	883.89M	71.09M	38.66M	3.89B	5.47B	5.64B	7.15B
Other Income/Expense	-1.13B	133.68M	-962.88M	-1.82B	-60.6M	-587.58M	2.35B	-3.3B	-2.47B	-14.54B
Pretax Income+	901.32M	1.49B	1.97B	2.42B	3.2B	1.17B	6.25B	2.65B	5.11B	-5.25B
Pretax Margin %	0.11%	0.2%	0.26%	0.24%	0.24%	0.09%	0.24%	0.07%	0.13%	-0.12%
Income Tax+	-66.94M	60.21M	457.73M	517.12M	728.82M	257.85M	-445.58M	-118.4M	274.43M	3.19B
Effective Tax Rate %	0.74%	0.7%	0.67%	0.68%	0.76%	0.74%	1.01%	0.44%	0.21%	1.8%
Net Income+	666.58M	1.04B	1.32B	1.65B	2.43B	859.48M	6.31B	1.18B	1.09B	-9.42B
Net Margin %	0.08%	0.14%	0.17%	0.16%	0.18%	0.06%	0.24%	0.03%	0.03%	-0.21%
Net Income Growth %	1.28%	0.55%	0.27%	0.26%	0.47%	-0.65%	6.34%	-0.81%	-0.07%	-9.61%
Net Income (Continuing)	780.89M	1.43B	512.51M	1.93B	2.88B	310.1M	6.7B	2.77B	4.84B	-8.44B
Discontinued Operations	38.91M	0	0	-1.01B	0	0	0	49.85M	45.42M	273.88M
Minority Interest	3.69B	1.83B	850.6M	994.42M	507.48M	15.56B	14.13B	27.52B	30.03B	28.49B
EPS (Diluted)+	1.40	2.48	3.20	4.12	6.12	2.20	13.32	6.00	2.32	-20.84
EPS Growth %	0.94%	0.77%	0.29%	0.29%	0.49%	-0.64%	5.05%	-0.55%	-0.61%	-9.98%
EPS (Basic)	1.44	2.56	3.20	4.12	6.16	2.20	13.36	6.04	2.36	-21.44
Diluted Shares Outstanding	417.05M	413.87M	411.94M	402.24M	395.09M	386.65M	459.81M	468.64M	468.59M	465.71M
Basic Shares Outstanding	405.86M	406.27M	411.25M	401.45M	394.15M	385.59M	458.63M	467.27M	466.75M	452.52M
Dividend Payout Ratio	0.98%	1.83%	0.94%	0.38%	0.17%	0.69%	0.41%	1.62%	2.36%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	5.17B	6.3B	7.78B	7.59B	11.34B	23.43B	27.29B	25.58B	28.61B	30.77B
Cash & Short-Term Investments	3.37B	4.43B	5.54B	4.51B	8.21B	17.62B	21.04B	15.96B	18.27B	20.18B
Cash Only	3.13B	3.99B	3.15B	2.7B	6.08B	13.64B	16.17B	13.3B	14.66B	16.9B
Short-Term Investments	241.43M	441.65M	2.39B	1.81B	2.14B	3.98B	4.86B	2.66B	3.62B	3.27B
Accounts Receivable	1.09B	1.2B	1.36B	2.04B	2.19B	1.63B	4.56B	6.05B	5.47B	3.88B
Days Sales Outstanding	47.01	57.93	64.83	72.45	59.03	43.91	63.84	56.17	50.61	32.23
Inventory	431.12M	346.17M	380.77M	452.9M	538.8M	935.26M	1.15B	1.87B	1.79B	2.07B
Days Inventory Outstanding	26.57	27.55	27.54	21.48	20.51	34.78	20.7	22.33	22.92	25.02
Other Current Assets	275.15M	328.13M	1.87B	581.8M	1.17B	1.01B	543.54M	1.7B	3.07B	4.64B
Total Non-Current Assets+	25.22B	21B	20.76B	21.2B	21.53B	60.28B	70.55B	108.91B	111.26B	110.49B
Property, Plant & Equipment	401.8M	389.33M	412.32M	498.41M	431.44M	21.98B	24.6B	26.96B	30.75B	32.98B
Fixed Asset Turnover	21.04x	19.37x	18.60x	20.66x	31.43x	0.61x	1.06x	1.46x	1.28x	1.33x
Goodwill	612.84M	614.81M	751.43M	782.78M	801.73M	1.09B	1.13B	1.46B	1.39B	1.59B
Intangible Assets	8.83B	8.71B	8.6B	8.91B	8.66B	16.22B	16.65B	20.66B	21.26B	24.75B
Long-Term Investments	8.47B	8.75B	8.71B	8.41B	7.94B	8.37B	12.12B	34.01B	29.79B	21.34B
Other Non-Current Assets	6.9B	2.2B	1.81B	2.1B	3.25B	10.71B	13B	21.34B	22.45B	29.85B
Total Assets+	30.38B	27.3B	28.54B	28.79B	32.87B	83.71B	97.84B	134.48B	139.87B	141.27B
Asset Turnover	0.28x	0.28x	0.27x	0.36x	0.41x	0.16x	0.27x	0.29x	0.28x	0.31x
Asset Growth %	0.12%	-0.1%	0.05%	0.01%	0.14%	1.55%	0.17%	0.37%	0.04%	0.01%
Total Current Liabilities+	3.35B	3.22B	4.99B	3.99B	6.17B	12.55B	12.96B	15.8B	16.16B	17.91B
Accounts Payable	1.54B	1.47B	1.81B	1.47B	1.68B	2.63B	3.25B	4.32B	3.92B	5.17B
Days Payables Outstanding	95.19	116.79	130.59	69.84	63.83	97.8	58.61	51.58	50.12	62.4
Short-Term Debt	1.23B	936M	1.61B	1.16B	2.37B	4.93B	4.24B	4.54B	4.88B	4.4B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	415.59M	651.1M	1.05B	1.2B	1.53B	1.44B	4.43B	3.23B	3.55B	5.48B
Current Ratio	1.54x	1.96x	1.56x	1.90x	1.84x	1.87x	2.11x	1.62x	1.77x	1.72x
Quick Ratio	1.42x	1.85x	1.48x	1.79x	1.75x	1.79x	2.02x	1.50x	1.66x	1.60x
Cash Conversion Cycle	-21.62	-31.31	-38.22	24.09	15.71	-19.11	25.93	26.91	23.41	-5.15
Total Non-Current Liabilities+	14.5B	13.28B	13.25B	13.87B	15.64B	50.35B	56.01B	70.52B	72.73B	83.95B
Long-Term Debt	10.57B	8.2B	8.06B	8.8B	10.98B	37.32B	41.42B	48.45B	52.02B	62.05B
Capital Lease Obligations	0	0	0	0	50.32M	2.47B	2.86B	2.98B	4.54B	5.5B
Deferred Tax Liabilities	1.42B	1.11B	1.61B	1.74B	1.56B	3.69B	3.82B	5.47B	5.23B	5.97B
Other Non-Current Liabilities	2.52B	3.97B	3.58B	3.34B	3.04B	6.82B	7.88B	13B	10.92B	10.41B
Total Liabilities	17.85B	16.51B	18.24B	17.87B	21.8B	62.89B	68.97B	86.32B	88.88B	101.87B
Total Debt+	9.76B	9.14B	9.67B	9.96B	13.41B	45.25B	48.93B	56.52B	62.18B	72.97B
Net Debt	6.63B	5.15B	6.52B	7.26B	7.34B	31.61B	32.75B	43.22B	47.52B	56.06B
Debt / Equity	0.78x	0.85x	0.94x	0.91x	1.21x	2.17x	1.69x	1.17x	1.22x	1.85x
Debt / EBITDA	4.08x	2.59x	2.78x	2.59x	3.26x	14.13x	7.64x	6.30x	5.68x	5.81x
Net Debt / EBITDA	2.77x	1.46x	1.88x	1.89x	1.78x	9.87x	5.11x	4.82x	4.34x	4.47x
Interest Coverage	1.71x	2.26x	2.86x	3.72x	49.83x	66.70x	1.00x	1.09x	1.35x	1.30x
Total Equity+	12.53B	10.79B	10.3B	10.92B	11.06B	20.82B	28.87B	48.17B	50.98B	39.4B
Equity Growth %	0.01%	-0.14%	-0.05%	0.06%	0.01%	0.88%	0.39%	0.67%	0.06%	-0.23%
Book Value per Share	30.06	26.08	25.00	27.16	28.00	53.84	62.79	102.78	108.80	84.60
Total Shareholders' Equity	8.68B	8.97B	9.45B	9.93B	10.55B	5.26B	14.74B	20.65B	20.96B	10.9B
Common Stock	3.82B	3.82B	4B	4.42B	5.05B	5.33M	6.37B	8.4B	8.68B	8.83B
Retained Earnings	0	0	0	0	6.93B	4.77B	10.66B	9.47B	9.49B	-649.8M
Treasury Stock	-58.69M	-34.97M	-114.41M	-627.91M	-112.78M	0	-69.06M	-107.14M	-93.92M	-50.71M
Accumulated OCI	5.1B	5.47B	5.62B	6.23B	-1.31B	-1.52B	-521.61M	567.55M	314.32M	565.86M
Minority Interest	3.69B	1.83B	850.6M	994.42M	507.48M	15.56B	14.13B	27.52B	30.03B	28.49B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.86B	2.24B	1.79B	2.69B	2.81B	2.14B	5.15B	9.97B	10.28B	13.08B
Operating CF Margin %	0.22%	0.3%	0.23%	0.26%	0.21%	0.16%	0.2%	0.25%	0.26%	0.3%
Operating CF Growth %	0.86%	0.2%	-0.2%	0.5%	0.04%	-0.24%	1.4%	0.94%	0.03%	0.27%
Net Income	901.32M	1.49B	1.97B	2.42B	3.2B	1.17B	6.25B	2.7B	5.11B	-9.42B
Depreciation & Amortization	561.75M	615.31M	596.69M	569.71M	570.3M	623.08M	2.5B	3.01B	3.36B	3.98B
Stock-Based Compensation	11.28M	8.37M	9.89M	8.52M	101.28M	272.69M	53.13M	99.09M	207.71M	65.9M
Deferred Taxes	-297.2M	-1.47B	-744.08M	-326.99M	-124.95M	-29.82M	-648.32M	-110.54M	-33.38M	0
Other Non-Cash Items	623.08M	1.7B	143.32M	400.48M	-434.53M	1.4B	-1.56B	3.88B	4.07B	21.11B
Working Capital Changes	62.95M	-102.86M	-181.16M	-378.78M	-448.05M	-1.03B	-1.45B	382.49M	-2.45B	-2.65B
Change in Receivables	78.27M	-23.9M	-193.7M	-140.79M	-280.11M	54.11M	-404.02M	-6.33M	839.88M	546.22M
Change in Inventory	-74.48M	55.92M	-47.87M	-32.49M	-104.06M	-113.07M	-245.17M	-423.43M	-83.17M	159.67M
Change in Payables	502.88M	-115.23M	210.92M	588.77M	371.23M	50.86M	591.98M	510.62M	-252.81M	-180.87M
Cash from Investing+	79.87M	1.17B	205.06M	-88.02M	686.15M	-2.34B	-5.48B	-20.61B	-4.3B	-4.49B
Capital Expenditures	-608.67M	-491.28M	-408.49M	-631.56M	-819.75M	-1.05B	-4.77B	-4.53B	-6.27B	-7.83B
CapEx % of Revenue	0.07%	0.07%	0.05%	0.06%	0.06%	0.08%	0.18%	0.12%	0.16%	0.18%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	812.86M	-42.78M	1.35B	1.3B	17K	-194K	866.58M	1.45B	2.47B	4.31B
Cash from Financing+	-407.09M	-2.51B	-2.85B	-3.15B	-148.22M	-1.54B	2.35B	8.17B	-4.52B	-6.61B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-650.37M	-1.9B	-1.24B	-1.05B	-945.17M	-765M	-2.56B	-1.91B	-2.58B	-3.45B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	548.21M	-365.69M	-1.6B	-620.67M	-987.55M	-1.86B	2.7B	1.93B	-6.07B	-6.86B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.25B	1.74B	1.38B	2.06B	1.99B	1.09B	372.35M	5.44B	4.01B	5.25B
FCF Margin %	0.15%	0.23%	0.18%	0.2%	0.15%	0.08%	0.01%	0.14%	0.1%	0.12%
FCF Growth %	45.23%	0.39%	-0.21%	0.49%	-0.04%	-0.45%	-0.66%	13.61%	-0.26%	0.31%
FCF per Share	3.01	4.21	3.36	5.13	5.03	2.82	0.81	11.61	8.55	11.27
FCF Conversion (FCF/Net Income)	2.80x	2.16x	1.36x	1.63x	1.16x	2.49x	0.82x	8.48x	9.39x	-1.39x
Interest Paid	0	0	0	0	0	0	0	0	0	5.14B
Taxes Paid	89.37M	76.13M	70.36M	299.88M	287.45M	592.24M	462.12M	318.85M	361.73M	1.2B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.34%	8.88%	12.47%	15.57%	22.06%	5.39%	25.41%	3.05%	2.21%	-20.85%
Return on Invested Capital (ROIC)	7.32%	12.58%	13.42%	14.1%	14.52%	5.46%	5.13%	5.84%	5.99%	7.19%
Gross Margin	29.92%	39.18%	34.22%	25.29%	29.29%	27.34%	22.34%	22.29%	27.66%	31.2%
Net Margin	7.89%	13.74%	17.15%	16.04%	17.89%	6.36%	24.19%	2.99%	2.77%	-21.44%
Debt / Equity	0.78x	0.85x	0.94x	0.91x	1.21x	2.17x	1.69x	1.17x	1.22x	1.85x
Interest Coverage	1.71x	2.26x	2.86x	3.72x	49.83x	66.70x	1.00x	1.09x	1.35x	1.30x
FCF Conversion	2.80x	2.16x	1.36x	1.63x	1.16x	2.49x	0.82x	8.48x	9.39x	-1.39x
Revenue Growth	3.74%	-10.77%	1.71%	34.26%	31.67%	-0.38%	93.16%	50.7%	0.37%	11.36%

Revenue by Segment

	2020	2021	2022	2024
Eliminations and Reconciling Items	-	-	-	-61.43M
Eliminations and Reconciling Items Growth	-	-	-	-

Revenue by Geography

	2020	2021	2022	2024
BRAZIL	-	22.53B	34.13B	38.19B
BRAZIL Growth	-	-	51.48%	11.89%
Europe	1.87B	2.55B	-	3.1B
Europe Growth	-	36.66%	-	-
UNITED STATES	-	-	-	2.36B
UNITED STATES Growth	-	-	-	-
Latin America	360.8M	632.24M	-	304.07M
Latin America Growth	-	75.23%	-	-
North America	62.76M	81.38M	-	-
North America Growth	-	29.67%	-	-

Frequently Asked Questions

Growth & Financials

Cosan S.A. (CSAN) reported $42.57B in revenue for fiscal year 2024. This represents a 77% increase from $24.10B in 2011.

Cosan S.A. (CSAN) grew revenue by 11.4% over the past year. This is steady growth.

Cosan S.A. (CSAN) reported a net loss of $13.22B for fiscal year 2024.

Dividend & Returns

Yes, Cosan S.A. (CSAN) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Cosan S.A. (CSAN) has a return on equity (ROE) of -20.9%. Negative ROE indicates the company is unprofitable.

Cosan S.A. (CSAN) generated $2.65B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Cosan S.A. (CSAN) 10-Year Financial Performance & Capital Metrics

CSAN • • Industrial / General

EnergyOil Refining & MarketingTraditional Petroleum Refining & MarketingIntegrated Refiners & Marketers

Revenue $43.95B +11.4%
EBITDA $12.55B +14.6%
Net Income -$9.42B -961.1%
EPS (Diluted) -20.84 -998.3%
Gross Margin 31.2% +12.8%
EBITDA Margin 28.56% +2.9%
Operating Margin 21.15% +10.0%
Net Margin -21.44% -873.3%
ROE -20.85% -1044.7%
ROIC 7.19% +19.9%
Debt/Equity 1.85 +51.8%
Interest Coverage 1.30 -3.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 26.5%
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak momentum: RS Rating 13 (bottom 13%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y18.36%

5Y26.51%

3Y18.98%

TTM1.96%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-691.03%

EPS CAGR

10Y-

5Y-

3Y-

TTM-702.5%

ROCE

10Y Avg8.82%

5Y Avg5.98%

3Y Avg6.54%

Latest7.52%

Peer Comparison

Integrated Refiners & Marketers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DINOHF Sinclair Corporation	9.16B	49.82	54.75	-10.59%	1.46%	4.14%	6.98%	0.33
PSXPhillips 66	56.41B	140.01	28.06	-2.81%	1.14%	5.36%	4.13%	0.70
VLOValero Energy Corporation	56.3B	184.58	21.51	-10.28%	0.62%	2.84%	10.26%	0.42
MPCMarathon Petroleum Corporation	53.38B	177.59	17.60	-6.41%	1.13%	6.35%	11.49%	1.17
CSANCosan S.A.	3.75B	3.79	-0.18	11.36%	-31.04%	-41.23%	100%	1.85
DKDelek US Holdings, Inc.	1.74B	29.01	-3.31	-29.94%	-4.83%	-115.76%		4.98
PARRPar Pacific Holdings, Inc.	1.94B	38.64	-65.49	-3.13%	3.15%	16.9%		1.32

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	8.45B	7.54B	7.67B	10.3B	13.56B	13.51B	26.09B	39.32B	39.47B	43.95B
Revenue Growth %	0.04%	-0.11%	0.02%	0.34%	0.32%	-0%	0.93%	0.51%	0%	0.11%
Cost of Goods Sold+	5.92B	4.59B	5.05B	7.69B	9.59B	9.82B	20.26B	30.56B	28.55B	30.24B
COGS % of Revenue	0.7%	0.61%	0.66%	0.75%	0.71%	0.73%	0.78%	0.78%	0.72%	0.69%
Gross Profit+	2.53B	2.96B	2.62B	2.6B	3.97B	3.69B	5.83B	8.77B	10.92B	13.71B
Gross Margin %	0.3%	0.39%	0.34%	0.25%	0.29%	0.27%	0.22%	0.22%	0.28%	0.31%
Gross Profit Growth %	0.08%	0.17%	-0.11%	-0.01%	0.53%	-0.07%	0.58%	0.5%	0.25%	0.26%
Operating Expenses+	1.54B	1.6B	1.64B	1.44B	1.79B	1.9B	1.93B	2.81B	3.33B	4.42B
OpEx % of Revenue	0.18%	0.21%	0.21%	0.14%	0.13%	0.14%	0.07%	0.07%	0.08%	0.1%
Selling, General & Admin	1.51B	1.6B	1.64B	1.64B	1.91B	1.93B	2.12B	3.03B	3.88B	4.42B
SG&A % of Revenue	0.18%	0.21%	0.21%	0.16%	0.14%	0.14%	0.08%	0.08%	0.1%	0.1%
Research & Development	821K	0	0	0	0	0	0	0	0	0
R&D % of Revenue	0%	-	-	-	-	-	-	-	-	-
Other Operating Expenses	15.83M	-9.63M	0	-199.03M	-124.95M	-29.82M	-196.62M	-223.75M	-546.29M	172K
Operating Income+	1.83B	2.94B	2.93B	3.29B	3.54B	2.58B	3.9B	5.96B	7.59B	9.29B
Operating Margin %	0.22%	0.39%	0.38%	0.32%	0.26%	0.19%	0.15%	0.15%	0.19%	0.21%
Operating Income Growth %	0.23%	0.61%	-0%	0.12%	0.08%	-0.27%	0.51%	0.53%	0.27%	0.23%
EBITDA+	2.39B	3.52B	3.48B	3.85B	4.11B	3.2B	6.41B	8.97B	10.95B	12.55B
EBITDA Margin %	0.28%	0.47%	0.45%	0.37%	0.3%	0.24%	0.25%	0.23%	0.28%	0.29%
EBITDA Growth %	0.16%	0.47%	-0.01%	0.11%	0.07%	-0.22%	1%	0.4%	0.22%	0.15%
D&A (Non-Cash Add-back)	561.75M	577.96M	546.11M	560.19M	570.3M	623.08M	2.5B	3.01B	3.36B	3.26B
EBIT	1.75B	615.66M	1.61B	3.32B	2.37B	767.36M	10.15B	8.12B	10.75B	9.96B
Net Interest Income+	-773.42M	-938.69M	-1.11B	-400.25M	35.5M	45.56M	-2.88B	-3.29B	-3.13B	-4.71B
Interest Income	120.81M	200.35M	223.7M	537.06M	106.59M	84.22M	1.01B	2.18B	2.51B	2.44B
Interest Expense	1.07B	1.3B	1.02B	883.89M	71.09M	38.66M	3.89B	5.47B	5.64B	7.15B
Other Income/Expense	-1.13B	133.68M	-962.88M	-1.82B	-60.6M	-587.58M	2.35B	-3.3B	-2.47B	-14.54B
Pretax Income+	901.32M	1.49B	1.97B	2.42B	3.2B	1.17B	6.25B	2.65B	5.11B	-5.25B
Pretax Margin %	0.11%	0.2%	0.26%	0.24%	0.24%	0.09%	0.24%	0.07%	0.13%	-0.12%
Income Tax+	-66.94M	60.21M	457.73M	517.12M	728.82M	257.85M	-445.58M	-118.4M	274.43M	3.19B
Effective Tax Rate %	0.74%	0.7%	0.67%	0.68%	0.76%	0.74%	1.01%	0.44%	0.21%	1.8%
Net Income+	666.58M	1.04B	1.32B	1.65B	2.43B	859.48M	6.31B	1.18B	1.09B	-9.42B
Net Margin %	0.08%	0.14%	0.17%	0.16%	0.18%	0.06%	0.24%	0.03%	0.03%	-0.21%
Net Income Growth %	1.28%	0.55%	0.27%	0.26%	0.47%	-0.65%	6.34%	-0.81%	-0.07%	-9.61%
Net Income (Continuing)	780.89M	1.43B	512.51M	1.93B	2.88B	310.1M	6.7B	2.77B	4.84B	-8.44B
Discontinued Operations	38.91M	0	0	-1.01B	0	0	0	49.85M	45.42M	273.88M
Minority Interest	3.69B	1.83B	850.6M	994.42M	507.48M	15.56B	14.13B	27.52B	30.03B	28.49B
EPS (Diluted)+	1.40	2.48	3.20	4.12	6.12	2.20	13.32	6.00	2.32	-20.84
EPS Growth %	0.94%	0.77%	0.29%	0.29%	0.49%	-0.64%	5.05%	-0.55%	-0.61%	-9.98%
EPS (Basic)	1.44	2.56	3.20	4.12	6.16	2.20	13.36	6.04	2.36	-21.44
Diluted Shares Outstanding	417.05M	413.87M	411.94M	402.24M	395.09M	386.65M	459.81M	468.64M	468.59M	465.71M
Basic Shares Outstanding	405.86M	406.27M	411.25M	401.45M	394.15M	385.59M	458.63M	467.27M	466.75M	452.52M
Dividend Payout Ratio	0.98%	1.83%	0.94%	0.38%	0.17%	0.69%	0.41%	1.62%	2.36%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	5.17B	6.3B	7.78B	7.59B	11.34B	23.43B	27.29B	25.58B	28.61B	30.77B
Cash & Short-Term Investments	3.37B	4.43B	5.54B	4.51B	8.21B	17.62B	21.04B	15.96B	18.27B	20.18B
Cash Only	3.13B	3.99B	3.15B	2.7B	6.08B	13.64B	16.17B	13.3B	14.66B	16.9B
Short-Term Investments	241.43M	441.65M	2.39B	1.81B	2.14B	3.98B	4.86B	2.66B	3.62B	3.27B
Accounts Receivable	1.09B	1.2B	1.36B	2.04B	2.19B	1.63B	4.56B	6.05B	5.47B	3.88B
Days Sales Outstanding	47.01	57.93	64.83	72.45	59.03	43.91	63.84	56.17	50.61	32.23
Inventory	431.12M	346.17M	380.77M	452.9M	538.8M	935.26M	1.15B	1.87B	1.79B	2.07B
Days Inventory Outstanding	26.57	27.55	27.54	21.48	20.51	34.78	20.7	22.33	22.92	25.02
Other Current Assets	275.15M	328.13M	1.87B	581.8M	1.17B	1.01B	543.54M	1.7B	3.07B	4.64B
Total Non-Current Assets+	25.22B	21B	20.76B	21.2B	21.53B	60.28B	70.55B	108.91B	111.26B	110.49B
Property, Plant & Equipment	401.8M	389.33M	412.32M	498.41M	431.44M	21.98B	24.6B	26.96B	30.75B	32.98B
Fixed Asset Turnover	21.04x	19.37x	18.60x	20.66x	31.43x	0.61x	1.06x	1.46x	1.28x	1.33x
Goodwill	612.84M	614.81M	751.43M	782.78M	801.73M	1.09B	1.13B	1.46B	1.39B	1.59B
Intangible Assets	8.83B	8.71B	8.6B	8.91B	8.66B	16.22B	16.65B	20.66B	21.26B	24.75B
Long-Term Investments	8.47B	8.75B	8.71B	8.41B	7.94B	8.37B	12.12B	34.01B	29.79B	21.34B
Other Non-Current Assets	6.9B	2.2B	1.81B	2.1B	3.25B	10.71B	13B	21.34B	22.45B	29.85B
Total Assets+	30.38B	27.3B	28.54B	28.79B	32.87B	83.71B	97.84B	134.48B	139.87B	141.27B
Asset Turnover	0.28x	0.28x	0.27x	0.36x	0.41x	0.16x	0.27x	0.29x	0.28x	0.31x
Asset Growth %	0.12%	-0.1%	0.05%	0.01%	0.14%	1.55%	0.17%	0.37%	0.04%	0.01%
Total Current Liabilities+	3.35B	3.22B	4.99B	3.99B	6.17B	12.55B	12.96B	15.8B	16.16B	17.91B
Accounts Payable	1.54B	1.47B	1.81B	1.47B	1.68B	2.63B	3.25B	4.32B	3.92B	5.17B
Days Payables Outstanding	95.19	116.79	130.59	69.84	63.83	97.8	58.61	51.58	50.12	62.4
Short-Term Debt	1.23B	936M	1.61B	1.16B	2.37B	4.93B	4.24B	4.54B	4.88B	4.4B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	415.59M	651.1M	1.05B	1.2B	1.53B	1.44B	4.43B	3.23B	3.55B	5.48B
Current Ratio	1.54x	1.96x	1.56x	1.90x	1.84x	1.87x	2.11x	1.62x	1.77x	1.72x
Quick Ratio	1.42x	1.85x	1.48x	1.79x	1.75x	1.79x	2.02x	1.50x	1.66x	1.60x
Cash Conversion Cycle	-21.62	-31.31	-38.22	24.09	15.71	-19.11	25.93	26.91	23.41	-5.15
Total Non-Current Liabilities+	14.5B	13.28B	13.25B	13.87B	15.64B	50.35B	56.01B	70.52B	72.73B	83.95B
Long-Term Debt	10.57B	8.2B	8.06B	8.8B	10.98B	37.32B	41.42B	48.45B	52.02B	62.05B
Capital Lease Obligations	0	0	0	0	50.32M	2.47B	2.86B	2.98B	4.54B	5.5B
Deferred Tax Liabilities	1.42B	1.11B	1.61B	1.74B	1.56B	3.69B	3.82B	5.47B	5.23B	5.97B
Other Non-Current Liabilities	2.52B	3.97B	3.58B	3.34B	3.04B	6.82B	7.88B	13B	10.92B	10.41B
Total Liabilities	17.85B	16.51B	18.24B	17.87B	21.8B	62.89B	68.97B	86.32B	88.88B	101.87B
Total Debt+	9.76B	9.14B	9.67B	9.96B	13.41B	45.25B	48.93B	56.52B	62.18B	72.97B
Net Debt	6.63B	5.15B	6.52B	7.26B	7.34B	31.61B	32.75B	43.22B	47.52B	56.06B
Debt / Equity	0.78x	0.85x	0.94x	0.91x	1.21x	2.17x	1.69x	1.17x	1.22x	1.85x
Debt / EBITDA	4.08x	2.59x	2.78x	2.59x	3.26x	14.13x	7.64x	6.30x	5.68x	5.81x
Net Debt / EBITDA	2.77x	1.46x	1.88x	1.89x	1.78x	9.87x	5.11x	4.82x	4.34x	4.47x
Interest Coverage	1.71x	2.26x	2.86x	3.72x	49.83x	66.70x	1.00x	1.09x	1.35x	1.30x
Total Equity+	12.53B	10.79B	10.3B	10.92B	11.06B	20.82B	28.87B	48.17B	50.98B	39.4B
Equity Growth %	0.01%	-0.14%	-0.05%	0.06%	0.01%	0.88%	0.39%	0.67%	0.06%	-0.23%
Book Value per Share	30.06	26.08	25.00	27.16	28.00	53.84	62.79	102.78	108.80	84.60
Total Shareholders' Equity	8.68B	8.97B	9.45B	9.93B	10.55B	5.26B	14.74B	20.65B	20.96B	10.9B
Common Stock	3.82B	3.82B	4B	4.42B	5.05B	5.33M	6.37B	8.4B	8.68B	8.83B
Retained Earnings	0	0	0	0	6.93B	4.77B	10.66B	9.47B	9.49B	-649.8M
Treasury Stock	-58.69M	-34.97M	-114.41M	-627.91M	-112.78M	0	-69.06M	-107.14M	-93.92M	-50.71M
Accumulated OCI	5.1B	5.47B	5.62B	6.23B	-1.31B	-1.52B	-521.61M	567.55M	314.32M	565.86M
Minority Interest	3.69B	1.83B	850.6M	994.42M	507.48M	15.56B	14.13B	27.52B	30.03B	28.49B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.86B	2.24B	1.79B	2.69B	2.81B	2.14B	5.15B	9.97B	10.28B	13.08B
Operating CF Margin %	0.22%	0.3%	0.23%	0.26%	0.21%	0.16%	0.2%	0.25%	0.26%	0.3%
Operating CF Growth %	0.86%	0.2%	-0.2%	0.5%	0.04%	-0.24%	1.4%	0.94%	0.03%	0.27%
Net Income	901.32M	1.49B	1.97B	2.42B	3.2B	1.17B	6.25B	2.7B	5.11B	-9.42B
Depreciation & Amortization	561.75M	615.31M	596.69M	569.71M	570.3M	623.08M	2.5B	3.01B	3.36B	3.98B
Stock-Based Compensation	11.28M	8.37M	9.89M	8.52M	101.28M	272.69M	53.13M	99.09M	207.71M	65.9M
Deferred Taxes	-297.2M	-1.47B	-744.08M	-326.99M	-124.95M	-29.82M	-648.32M	-110.54M	-33.38M	0
Other Non-Cash Items	623.08M	1.7B	143.32M	400.48M	-434.53M	1.4B	-1.56B	3.88B	4.07B	21.11B
Working Capital Changes	62.95M	-102.86M	-181.16M	-378.78M	-448.05M	-1.03B	-1.45B	382.49M	-2.45B	-2.65B
Change in Receivables	78.27M	-23.9M	-193.7M	-140.79M	-280.11M	54.11M	-404.02M	-6.33M	839.88M	546.22M
Change in Inventory	-74.48M	55.92M	-47.87M	-32.49M	-104.06M	-113.07M	-245.17M	-423.43M	-83.17M	159.67M
Change in Payables	502.88M	-115.23M	210.92M	588.77M	371.23M	50.86M	591.98M	510.62M	-252.81M	-180.87M
Cash from Investing+	79.87M	1.17B	205.06M	-88.02M	686.15M	-2.34B	-5.48B	-20.61B	-4.3B	-4.49B
Capital Expenditures	-608.67M	-491.28M	-408.49M	-631.56M	-819.75M	-1.05B	-4.77B	-4.53B	-6.27B	-7.83B
CapEx % of Revenue	0.07%	0.07%	0.05%	0.06%	0.06%	0.08%	0.18%	0.12%	0.16%	0.18%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	812.86M	-42.78M	1.35B	1.3B	17K	-194K	866.58M	1.45B	2.47B	4.31B
Cash from Financing+	-407.09M	-2.51B	-2.85B	-3.15B	-148.22M	-1.54B	2.35B	8.17B	-4.52B	-6.61B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-650.37M	-1.9B	-1.24B	-1.05B	-945.17M	-765M	-2.56B	-1.91B	-2.58B	-3.45B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	548.21M	-365.69M	-1.6B	-620.67M	-987.55M	-1.86B	2.7B	1.93B	-6.07B	-6.86B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.25B	1.74B	1.38B	2.06B	1.99B	1.09B	372.35M	5.44B	4.01B	5.25B
FCF Margin %	0.15%	0.23%	0.18%	0.2%	0.15%	0.08%	0.01%	0.14%	0.1%	0.12%
FCF Growth %	45.23%	0.39%	-0.21%	0.49%	-0.04%	-0.45%	-0.66%	13.61%	-0.26%	0.31%
FCF per Share	3.01	4.21	3.36	5.13	5.03	2.82	0.81	11.61	8.55	11.27
FCF Conversion (FCF/Net Income)	2.80x	2.16x	1.36x	1.63x	1.16x	2.49x	0.82x	8.48x	9.39x	-1.39x
Interest Paid	0	0	0	0	0	0	0	0	0	5.14B
Taxes Paid	89.37M	76.13M	70.36M	299.88M	287.45M	592.24M	462.12M	318.85M	361.73M	1.2B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.34%	8.88%	12.47%	15.57%	22.06%	5.39%	25.41%	3.05%	2.21%	-20.85%
Return on Invested Capital (ROIC)	7.32%	12.58%	13.42%	14.1%	14.52%	5.46%	5.13%	5.84%	5.99%	7.19%
Gross Margin	29.92%	39.18%	34.22%	25.29%	29.29%	27.34%	22.34%	22.29%	27.66%	31.2%
Net Margin	7.89%	13.74%	17.15%	16.04%	17.89%	6.36%	24.19%	2.99%	2.77%	-21.44%
Debt / Equity	0.78x	0.85x	0.94x	0.91x	1.21x	2.17x	1.69x	1.17x	1.22x	1.85x
Interest Coverage	1.71x	2.26x	2.86x	3.72x	49.83x	66.70x	1.00x	1.09x	1.35x	1.30x
FCF Conversion	2.80x	2.16x	1.36x	1.63x	1.16x	2.49x	0.82x	8.48x	9.39x	-1.39x
Revenue Growth	3.74%	-10.77%	1.71%	34.26%	31.67%	-0.38%	93.16%	50.7%	0.37%	11.36%

Revenue by Segment

	2020	2021	2022	2024
Eliminations and Reconciling Items	-	-	-	-61.43M
Eliminations and Reconciling Items Growth	-	-	-	-

Revenue by Geography

	2020	2021	2022	2024
BRAZIL	-	22.53B	34.13B	38.19B
BRAZIL Growth	-	-	51.48%	11.89%
Europe	1.87B	2.55B	-	3.1B
Europe Growth	-	36.66%	-	-
UNITED STATES	-	-	-	2.36B
UNITED STATES Growth	-	-	-	-
Latin America	360.8M	632.24M	-	304.07M
Latin America Growth	-	75.23%	-	-
North America	62.76M	81.38M	-	-
North America Growth	-	29.67%	-	-

Frequently Asked Questions

Growth & Financials

Cosan S.A. (CSAN) reported $42.57B in revenue for fiscal year 2024. This represents a 77% increase from $24.10B in 2011.

Cosan S.A. (CSAN) grew revenue by 11.4% over the past year. This is steady growth.

Cosan S.A. (CSAN) reported a net loss of $13.22B for fiscal year 2024.

Dividend & Returns

Yes, Cosan S.A. (CSAN) pays a dividend with a yield of 100.00%. This makes it attractive for income-focused investors.

Cosan S.A. (CSAN) has a return on equity (ROE) of -20.9%. Negative ROE indicates the company is unprofitable.

Cosan S.A. (CSAN) generated $2.65B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.