B3 · BRL

CSAN3

Cosan S.A.

R$4.00+1.01% (R$0.04)
Day's range
R$3.84 – R$4.02
Day's volume
R$77.8m
52-week range
R$3.09 – R$6.90

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CSAN3 in numbers

Market cap
R$15.7bn
P/E
-1.78
P/B
3.19
Dividend yield (12m)
0.00%
Net debt/EBITDA
8.54

CSAN3 price history

01/10/202501/10/2026
Compare with

CSAN3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-35.77%-74.04%-77.92%
Volatility (annualised)36.68%31.09%31.67%
Largest drawdown-41.18%-80.22%-83.07%
Positive months5/1212/3624/60

How much did investing in CSAN3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$223.61 today.

Value today in CSAN3
R$223.61
Return over the period
-77.64%
Return per year
-25.89%
In the Ibovespa
R$1,808.65

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

CSAN3 fundamentals

Valuation

  • P/E
    -1.78
  • P/B
    3.19
  • EV/EBITDA
    11.35
  • EV/EBIT
    37.87
  • EV/Revenue
    1.58
  • P/EBIT
    9.39
  • P/S
    0.39
  • P/OCF
    1.18
  • P/FCF
    8.86
  • Earnings yield
    2.64%
  • PEG ratio
    -0.07
  • Earnings per share
    -R$2.24
  • Book value per share
    R$1.25

Debt

  • Net debt
    R$47.5bn
  • Net debt/EBITDA
    8.54
  • Net debt/Equity
    1.49
  • Debt/Equity
    1.91
  • Current ratio
    1.67
  • Quick ratio
    1.55
  • Cash ratio
    0.71

Efficiency

  • Gross margin
    34.46%
  • EBITDA margin
    13.89%
  • Operating margin
    4.16%
  • Net margin
    -22.08%
  • Asset turnover
    0.32

Profitability

  • ROE
    -178.97%
  • ROA
    -6.98%
  • ROIC
    2.10%
  • Payout
    —

Growth

  • Revenue CAGR (5 years)
    16.20%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    -8.04%
  • Earnings growth (year)
    -3.17%
  • Revenue growth (quarter)
    -7.97%
  • Earnings growth (quarter)
    24.25%

What is CSAN3's fair price?

Two classic value formulas, with today's numbers. The current price is R$4.00.

Graham's fair price
—
Does not apply to CSAN3: the formula needs positive earnings and book value.

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$9.04
126.11% above the price

R$0.54 (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.

CSAN3 indicators by year

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

Indicator20252024202320222021202020192018
P/E-2.17-1.6233.1527.286.62166.6011.318.08
P/B0.680.390.710.671.4012.332.481.22
EV/EBITDA17.476.775.126.926.7350.078.346.20
Dividend yield0.00%5.53%2.21%2.50%6.50%7.91%5.75%13.25%
Earnings per share-R$2.45-R$5.05R$0.58R$0.63R$3.27R$0.45R$6.15R$4.14
Book value per shareR$7.82R$21.11R$27.20R$25.70R$15.40R$6.14R$28.06R$27.38
ROE-31.35%-23.92%2.15%2.44%21.21%7.40%21.93%15.13%
ROIC-0.27%3.67%12.50%8.60%14.08%8.45%15.11%11.91%
Gross margin32.60%31.20%27.66%22.61%25.45%27.34%29.29%25.29%
EBITDA margin9.13%23.96%41.49%27.37%43.75%22.60%30.75%32.26%
Net margin-24.05%-21.44%2.77%2.96%24.58%6.31%17.89%16.04%
Net debt/EBITDA11.765.322.903.973.013.571.762.18

CSAN3 financial statements

Line202520242023202220212020
Net revenueR$40.4bnR$44bnR$39.5bnR$39.7bnR$24.9bnR$13.5bn
Cost of sales-R$27.2bn-R$30.2bn-R$28.5bn-R$30.8bn-R$18.6bn-R$9.8bn
Gross profitR$13.2bnR$13.7bnR$10.9bnR$9bnR$6.3bnR$3.7bn
EBITDAR$3.7bnR$10.5bnR$16.4bnR$10.9bnR$10.9bnR$3.1bn
EBIT-R$199.9mR$3.5bnR$13bnR$7.9bnR$8.7bnR$2.4bn
Net finance result-R$7.8bn-R$8.7bn-R$7.9bn-R$5.2bn-R$2.8bn-R$1.3bn
Profit before tax-R$8bn-R$5.2bnR$5.1bnR$2.7bnR$5.9bnR$1.2bn
Income tax-R$2.2bn-R$3.2bn-R$274.4mR$118.4mR$450.8m-R$257.9m
Net income-R$9.7bn-R$9.4bnR$1.1bnR$1.2bnR$6.1bnR$851.9m

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

CSAN3 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
CSAN3Cosan-1.783.190.00%-178.97%R$15.7bn
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 CSAN3 pay dividends?

Dividend yield per year

  • 8.98%2017
  • 13.25%2018
  • 5.75%2019
  • 7.91%2020
  • 6.50%2021
  • 2.50%2022
  • 2.21%2023
  • 5.53%2024
  • 0.00%2025
  • 0.00%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend05/06/202428/06/2024R$0.45
Dividend18/05/202331/05/2023R$0.43
Dividend05/05/202220/05/2022R$0.43
Dividend14/12/202128/12/2021R$0.37
Dividend05/05/202120/05/2021R$1.03
Dividend03/06/202015/06/2020R$1.50
Dividend02/05/201923/05/2019R$1.00
Dividend02/05/201816/05/2018R$1.11
Dividend28/04/201711/05/2017R$0.93
Dividend12/12/201623/12/2016R$0.74
Dividend13/05/201620/05/2016R$0.22
Dividend13/05/201620/05/2016R$0.49
See all 22 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend18/02/201629/02/2016R$0.70
Dividend11/09/201517/09/2015R$0.37
Dividend30/04/201527/05/2015R$0.31
Dividend14/10/201431/10/2014R$0.37
Dividend30/04/201420/05/2014R$0.37
Dividend31/07/201313/08/2013R$0.37
Dividend29/07/201131/08/2011R$0.49
Dividend31/07/2012—R$0.62
Dividend30/07/2010—R$0.49
Dividend27/07/2007—R$0.40
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split05/05/20214 for 1
Bonus shares22/10/2008100.00% in shares
Split01/09/20063 for 1

About Cosan

Sector
Energia
Segment
Exploração, Refino e Distribuição
Listing segment
Novo Mercado
Tag along
100.00%
Free float
57.44%
Shares issued
3.97bn ordinary
Average daily trading
R$103m
Ibovespa weight
0.35%
Listed since
18/11/2005
CNPJ
50.746.577/0001-15

A Cosan S.A., listada na B3 sob o ticker CSAN3, é uma holding brasileira com atuação relevante em energia, logística e distribuição por meio de participações em diferentes controladas e coligadas. A origem do grupo remonta a 1936, com evolução de negócios no setor sucroenergético e posterior diversificação. O portfólio inclui exposição a distribuição de combustíveis e conveniência, produção de açúcar e etanol, infraestrutura logística ferroviária, gás natural e lubrificantes. A estratégia corporativa combina gestão de portfólio, alocação de capital entre negócios operacionais e captura de sinergias em cadeias de energia e movimentação de cargas. Do ponto de vista financeiro e operacional, a companhia trabalha com estrutura de holding para coordenar crescimento, eficiência e desalavancagem nas investidas, mantendo governança e disciplina de retorno sobre capital. A diversificação setorial reduz dependência de um único elo da cadeia energética. No mercado brasileiro, a Cosan é um dos principais grupos privados com presença transversal em infraestrutura e energia, com operações majoritariamente domésticas e relevância para o abastecimento, a logística e o agronegócio.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
VERTIZ HOLDINGS S.A.24.19%0.00%24.19%
Aguassanta Participações S.A.Controlling14.19%0.00%14.19%
CLASSE ÚNICA FUNDO DE INVESTIMENTO EM PARTICIPACOES BPAC3 -MULTIESTRATEGIA RESPONSABILIDADE LIMITADA8.36%0.00%8.36%
QUELUZ HOLDINGS LIMITEDControlling2.76%0.00%2.76%
Outros49.95%0.00%49.95%
Ações Tesouraria0.55%0.00%0.55%

Questions about CSAN3

How much is CSAN3 today?

CSAN3 is at R$4.00 (1.01% on the day), last traded on 01/10/2026.

How much did CSAN3 pay in dividends in 2025?

CSAN3 paid R$0.00 per share in 2025, a dividend yield of 0.00%.

What are the P/E and P/B of CSAN3?

CSAN3 trades at a P/E of -1.78 and a P/B of 3.19.

How much did CSAN3 return in 12 months?

CSAN3 returned -35.77% in 12 months, with annualised volatility of 36.68% and a largest drawdown of -41.18%.

What sector is CSAN3 in?

Cosan is in the Energia sector, Exploração, Refino e Distribuição segment.