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Earnings transcript
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SBS
Companhia de Saneamento Básico do Estado de São Paulo – SABESP
$6.26
0
(0%)
| Exchange: | NYSE |
| Market Cap: | 21.394B |
| Shares Outstanding: | 683.636M |
Delayed data
About The Company
| Sector: | UtilitiesView sector performance | |||||
| Industry: | Regulated WaterView industry performance | |||||
| CEO: | Carlos Augusto Leone Piani | |||||
| Full Time Employees: | 8717 | |||||
| Address: |
| |||||
| Website: | https://www.sabesp.com.br |
SABESP, or Companhia de Saneamento Básico do Estado de São Paulo, is a key utility provider specializing in water and sewage services for residential, commercial, industrial, and governmental clients. Its offerings are comprehensive, spanning water supply, sanitary sewage systems, urban rainwater management and drainage, municipal cleaning, and solid waste management. The company’s operations also encompass planning, system operation, maintenance, and the commercialization of energy. As of December 31, 2021, SABESP delivered water services to approximately 27.8 million people through 9.8 million connections and provided sewage services to about 24.6 million individuals via 8.4 million connections. Its expansive infrastructure included 88,904 kilometers of water pipes and transmission lines, alongside 61,122 kilometers of sewer lines. Furthermore, through special purpose companies, SABESP extends its water and/or sewage provisions to four additional municipalities. The company was established in 1954 and is headquartered in São Paulo, Brazil.
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Revenue Segmentation
SBS full analysis
Hey everyone, welcome back to MarketSnap. SABESP — ticker SBS — is one of those names that keeps showing up on watchlists, and honestly, it's easy to see why: a regulated water utility in Brazil trading at a tiny fraction of its earnings, with a dividend in the mix and a privatization story that could reshape the whole company. But before you pull the trigger, we're plugging it into MarketSnap's fair value model to ask the real question — is…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| SBS | Companhia de Saneamento Básico do Esta… | 21.4B | 2.9 | 19.1 | 8.7% |
 AWK | American Water Works Company, Inc. | 26.8B | 22.3 | 22.2 | 4.4% |
 WTRG | Essential Utilities, Inc. | 11.6B | 19.9 | 18.3 | 4.4% |
 AWR | American States Water Company | 3.3B | 22.5 | 22.7 | 6.5% |
 CWT | California Water Service Group | 2.9B | 20.6 | 18.2 | 3.1% |
 HTO | H2O America | 2.4B | 20.4 | 20.4 | 3.0% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 25,572,056 | 36,145,477 | 37,343,800 |
| Gross Profit | 9,520,190 | 19,542,404 | 13,681,520 |
| EBITDA | 8,955,468 | 18,112,747 | 17,895,622 |
| Operating Income | 6,345,980 | 15,510,460 | 12,035,583 |
| Net Income | 3,523,531 | 9,579,563 | 8,295,837 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 61,470,957 | 80,965,430 | 106,217,659 |
| Total Liabilities | 31,613,581 | 44,037,376 | 63,837,814 |
| Total Stockholders Equity | 29,857,376 | 36,928,054 | 42,379,845 |
| Total Debt | 19,536,350 | 25,258,297 | 39,991,407 |
| Cash and Cash Equivalents | 838,484 | 1,682,606 | 4,670,456 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 4,854,352 | 7,404,568 | 8,213,488.100 |
| Capital Expenditure | -147,249 | -100,728 | -286,254.386 |
| Free Cash Flow | 4,707,103 | 7,303,840 | 7,927,233.714 |
| Net Income | 3,523,531 | 13,642,808 | 8,295,837.090 |
| Net Change in Cash | -1,029,001 | 844,122 | 3,145,297.838 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 44,729,972.150 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 47,375,017.748 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 45,727,283.198 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | Research Access | Research Access | Research Access | Research Access | |
| Estimated Ebitda (High) | Research Access | Research Access | Research Access | Research Access | |
| Estimated Ebitda (Avg) | Research Access | Research Access | Research Access | Research Access | |
| Estimated Net Income (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 3,647,360.053 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 3,863,041.691 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 3,728,682.537 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 3 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 0 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Revenue Growth: SABESP reported a 1.1% increase in revenue volume from water provision in Q1 2023, as highlighted in the earnings call transcript, indicating stable demand and operational consistency in core business segments.
- Operational Efficiency: The company achieved a 7.6% reduction in costs and expenses, demonstrating effective cost management and improved profitability margins, a key positive noted in the Q1 2023 earnings call.
- Strong Market Position: As a major player in the water and sanitation sector (based on sectorName and industryName data), SABESP benefits from a critical service role, ensuring consistent revenue streams and resilience against market fluctuations.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates SBS intrinsic value between $3.04 – $6.24 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about SBS valuation
Is Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SBS a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SBS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SBS’s P/E ratio?
You can see SBS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SBS?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SBS a good long-term investment?
Whether SBS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
SBS
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Daily snapshot
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Trading Metrics:
| Open: | 6.3 | Previous Close: | 6.26 | |
| Day Low: | 6.21 | Day High: | 6.35 | |
| Year Low: | 4.45 | Year High: | 7.16 | |
| Price Avg 50: | 5.31 | Price Avg 200: | 5.64 | |
| Volume: | 11.046M | Average Volume: | 8.499M |
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