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B3 · BRL

CGAS3

Companhia de Gas de Sao Paulo - COMGAS

R$124.99+0.31% (R$0.39)
Day's range
R$124.99 – R$125.00
Day's volume
R$25k
52-week range
R$114.01 – R$144.97

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See how CGAS3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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CGAS3 in numbers

Market cap
R$16.5bn
P/E
10.80
P/B
10.36
Dividend yield (12m)
9.69%
Net debt/EBITDA
4.47

The 12-month dividend yield of CGAS3 is 9.69%, above its 5-year average of 9.18%.

CGAS3 price history

01/10/202530/09/2026
Compare with

CGAS3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+10.61%+34.91%+31.72%
Volatility (annualised)11.79%26.90%28.02%
Largest drawdown-4.62%-22.39%-33.58%
Positive months7/1217/3628/60

How much did investing in CGAS3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$1,317.21 today.

Value today in CGAS3
R$1,317.21
Return over the period
+31.72%
Return per year
+5.67%
In the Ibovespa
R$1,679.06

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

CGAS3 fundamentals

Valuation

  • P/E
    10.80
  • P/B
    10.36
  • EV/EBITDA
    8.95
  • EV/EBIT
    11.10
  • EV/Revenue
    3.24
  • P/EBIT
    5.56
  • P/S
    1.62
  • P/OCF
    4.76
  • P/FCF
    13.40
  • Earnings yield
    9.01%
  • PEG ratio
    —
  • Earnings per share
    R$11.57
  • Book value per share
    R$12.07

Debt

  • Net debt
    R$16.4bn
  • Net debt/EBITDA
    4.47
  • Net debt/Equity
    10.28
  • Debt/Equity
    10.91
  • Current ratio
    2.34
  • Quick ratio
    2.26
  • Cash ratio
    0.53

Efficiency

  • Gross margin
    34.25%
  • EBITDA margin
    36.21%
  • Operating margin
    29.19%
  • Net margin
    15.11%
  • Asset turnover
    0.65

Profitability

  • ROE
    95.90%
  • ROA
    9.77%
  • ROIC
    12.57%
  • Payout
    104.68%

Growth

  • Revenue CAGR (5 years)
    1.14%
  • Earnings CAGR (5 years)
    -1.63%
  • Revenue growth (year)
    -24.95%
  • Earnings growth (year)
    -13.72%
  • Revenue growth (quarter)
    -28.10%
  • Earnings growth (quarter)
    -4.30%

What is CGAS3's fair price?

Two classic value formulas, with today's numbers. The current price is R$124.99.

Graham's fair price
R$56.05
55.16% below the price

√(22.50 × R$11.57 × R$12.07)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$195.32
56.27% above the price

R$11.72 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

CGAS3 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E10.308.8711.529.519.3220.0513.856.12
P/B11.0514.039.5816.6817.8639.1036.453.01
EV/EBITDA8.257.626.718.0210.2113.6610.936.21
Dividend yield7.34%16.85%2.84%10.68%8.18%4.82%18.32%9.10%
Earnings per shareR$11.67R$13.53R$10.63R$13.67R$15.99R$8.68R$10.32R$10.11
Book value per shareR$10.88R$8.56R$12.78R$7.79R$8.34R$4.45R$3.92R$20.53
ROE107.28%158.08%83.15%175.40%191.74%195.00%263.17%49.22%
ROIC13.94%15.35%21.56%24.19%19.76%13.31%16.50%15.86%
Gross margin30.20%21.51%21.32%19.82%30.00%33.80%32.71%28.34%
EBITDA margin31.73%24.13%23.04%18.50%25.75%28.65%26.41%31.96%
Net margin13.34%11.61%9.29%10.40%18.10%13.83%14.37%19.58%
Net debt/EBITDA3.923.352.072.673.673.983.392.46

CGAS3 financial statements

Line202520242023202220212020
Net revenueR$11.6bnR$15.4bnR$15.2bnR$17.4bnR$11.7bnR$8.3bn
Cost of sales-R$8.1bn-R$12.1bn-R$11.9bn-R$14bn-R$8.2bn-R$5.5bn
Gross profitR$3.5bnR$3.3bnR$3.2bnR$3.5bnR$3.5bnR$2.8bn
EBITDAR$3.7bnR$3.7bnR$3.5bnR$3.2bnR$3bnR$2.4bn
EBITR$3bnR$3.1bnR$2.9bnR$2.7bnR$2.6bnR$2bn
Net finance result-R$896.7m-R$438.6m-R$777.1m-R$610.1m-R$305.1m-R$283.5m
Profit before taxR$2.1bnR$2.6bnR$2.1bnR$2.1bnR$2.3bnR$1.7bn
Income tax-R$546.1m-R$842.4m-R$730.6m-R$302.2m-R$155.1m-R$569.3m
Net incomeR$1.5bnR$1.8bnR$1.4bnR$1.8bnR$2.1bnR$1.2bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

CGAS3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
CGAS3Cia Gas De Sao Paulo - Comgas10.8010.369.69%95.90%R$16.5bn
AXIA3AXIA313.251.313.45%9.86%R$157.6bn
AXIA7AXIA7——0.00%—R$157.6bn
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.072.1512.67%17.80%R$96.7bn
ENEV3ENEVA S.A56.682.680.00%4.73%R$54.6bn
CPFE3CPFL ENERGIA S.A.8.902.358.05%26.43%R$53.4bn
EQTL3EQUATORIAL S.A.53.271.953.91%3.67%R$51.1bn

Does CGAS3 pay dividends?

Dividend yield per year

  • 15.18%2017
  • 9.10%2018
  • 18.32%2019
  • 4.82%2020
  • 8.18%2021
  • 10.68%2022
  • 2.84%2023
  • 16.85%2024
  • 7.34%2025
  • 3.19%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend15/06/202625/06/2026R$2.29
Interest on equity15/06/202625/06/2026R$1.70
Interest on equity13/11/202526/11/2025R$2.59
Dividend13/11/202526/11/2025R$0.37
Dividend16/10/202531/10/2025R$5.17
Interest on equity16/04/202530/04/2025R$0.70
Dividend12/11/202425/11/2024R$3.32
Dividend13/08/202430/08/2024R$5.91
Dividend02/04/202411/04/2024R$10.93
Interest on equity27/12/202310/01/2024R$0.05
Interest on equity26/09/202306/10/2023R$0.02
Interest on equity29/12/202201/05/2023R$0.13
See all 88 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity31/03/202304/04/2023R$0.14
Dividend24/03/202304/04/2023R$2.95
Interest on equity24/03/202304/04/2023R$0.13
Interest on equity26/12/202205/01/2023R$0.12
Dividend03/11/202214/11/2022R$8.49
Interest on equity23/09/202204/10/2022R$0.15
Interest on equity24/06/202205/07/2022R$0.07
Interest on equity24/03/202204/04/2022R$0.12
Dividend24/03/202204/04/2022R$4.29
Dividend24/03/202204/04/2022R$0.76
Dividend09/12/202120/12/2021R$10.86
Interest on equity09/12/202120/12/2021R$0.22
Dividend05/02/202117/02/2021R$0.83
Dividend05/02/202117/02/2021R$0.28
Interest on equity09/12/202018/12/2020R$0.21
Dividend09/12/202018/12/2020R$7.18
Dividend31/01/202010/02/2020R$1.00
Other09/12/201927/12/2019R$11.32
Dividend09/12/201927/12/2019R$13.55
Interest on equity09/12/201927/12/2019R$1.22
Interest on equity04/01/201917/01/2019R$0.08
Interest on equity05/12/201818/12/2018R$0.97
Dividend09/11/201823/11/2018R$3.39
Interest on equity26/12/201708/01/2018R$1.27
Dividend10/11/201723/11/2017R$5.27
Dividend20/02/201703/03/2017R$3.08
Interest on equity20/12/201629/12/2016R$1.27
Dividend18/02/201626/02/2016R$7.80
Dividend18/02/201626/02/2016R$1.67
Interest on equity17/12/201529/12/2015R$1.44
Dividend17/12/201529/12/2015R$1.07
Interest on equity11/12/201430/12/2014R$1.16
Dividend28/04/201419/05/2014R$0.40
Interest on equity11/12/201319/05/2014R$0.92
Dividend04/12/201227/12/2012R$1.05
Interest on equity04/12/201227/12/2012R$0.58
Interest on equity16/11/201115/12/2011R$0.09
Dividend28/04/201130/11/2011R$0.98
Dividend28/04/201131/08/2011R$1.06
Interest on equity28/06/201130/06/2011R$0.31
Dividend29/04/201131/05/2011R$0.68
Dividend25/10/201017/12/2010R$0.41
Interest on equity25/10/201030/11/2010R$0.08
Dividend27/04/201030/11/2010R$0.82
Interest on equity27/08/201030/09/2010R$0.08
Dividend27/04/201031/08/2010R$0.90
Interest on equity30/06/201030/07/2010R$0.28
Interest on equity30/12/200929/01/2010R$0.03
Dividend23/04/200930/11/2009R$0.41
Dividend23/04/200931/08/2009R$0.41
Dividend23/04/200930/06/2009R$0.82
Dividend10/04/200822/08/2008R$0.51
Dividend10/04/200822/08/2008R$1.23
Dividend16/10/200726/11/2007R$0.40
Dividend26/04/200726/11/2007R$4.86
Dividend26/04/200726/11/2007R$9.80
Dividend09/08/200727/08/2007R$3.76
Dividend16/11/200630/11/2006R$14.54
Dividend28/04/200615/05/2006R$12.43
Dividend28/11/200513/12/2005R$4.08
Dividend12/09/200523/09/2005R$8.17
Dividend25/04/200517/05/2005R$12.54
Dividend29/04/200417/05/2004R$2.08
Dividend25/04/200313/05/2003R$2.17
Dividend26/04/200215/05/2002R$1.30
Dividend26/04/200114/05/2001R$0.86
Dividend27/04/199826/06/1998R$0.16
Dividend30/04/2015—R$0.15
Dividend30/04/2015—R$2.48
Interest on equity15/12/2011—R$0.04
Interest on equity27/10/2011—R$0.13
Dividend28/04/2011—R$0.38
Interest on equity16/12/2010—R$0.07
Dividend27/04/2010—R$0.63
Dividend29/03/2010—R$0.23
Interest on equity08/12/2009—R$0.53
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation01/10/20071 for 100

About Cia Gas De Sao Paulo - Comgas

Sector
Energia
Segment
Gás
Listing segment
Traditional
Tag along
80.00%
Free float
0.86%
Shares issued
103.86m ordinary · 28.66m preferred
Average daily trading
R$24.7k
Listed since
11/09/1997
CNPJ
61.856.571/0001-17

A Companhia de Gás de São Paulo (Comgás), listada na B3 sob o ticker CGAS3, é uma concessionária de distribuição de gás natural canalizado no estado de São Paulo. A empresa atende segmentos residencial, comercial, industrial e automotivo, com rede extensa em regiões de alta densidade econômica e participação relevante no mercado brasileiro de gás distribuído. A operação depende de investimentos contínuos em expansão e segurança da malha de distribuição, além de equilíbrio entre custo de suprimento, demanda dos clientes e regras tarifárias. O resultado é sensível ao nível de atividade industrial e ao consumo térmico em diferentes setores. Controlada pela Compass/Cosan, a companhia mantém rotina de divulgação de resultados, eventos societários e indicadores operacionais para investidores e reguladores.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Compass Gás e Energia S.A.Controlling99.84%96.60%99.14%
Outros0.16%3.41%0.86%

Questions about CGAS3

How much is CGAS3 today?

CGAS3 is at R$124.99 (0.31% on the day), last traded on 01/10/2026.

How much did CGAS3 pay in dividends in 2025?

CGAS3 paid R$8.82 per share in 2025, a dividend yield of 7.34%.

What are the P/E and P/B of CGAS3?

CGAS3 trades at a P/E of 10.80 and a P/B of 10.36.

How much did CGAS3 return in 12 months?

CGAS3 returned 10.61% in 12 months, with annualised volatility of 11.79% and a largest drawdown of -4.62%.

What sector is CGAS3 in?

Cia Gas De Sao Paulo - Comgas is in the Energia sector, Gás segment.