B3 · BRL

PASS3

Compass Gas e Energia SA

R$23.21+1.35% (R$0.31)
Day's range
R$22.71 – R$23.30
Day's volume
R$13.4m
52-week range
R$20.44 – R$28.35

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PASS3 in numbers

Market cap
R$16.6bn
P/E
14.41
P/B
2.75
Dividend yield (12m)
5.46%
Net debt/EBITDA
2.62

PASS3 trades at 14.41 times its earnings of the last 12 months.

PASS3 price history

11/05/202601/10/2026
Compare with

How much did investing in PASS3 return?

R$1,000.00 invested on 01/06/2026 would be worth R$955.93 today.

Value today in PASS3
R$955.93
Return over the period
-4.41%
In the Ibovespa
R$1,088.47

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

PASS3 fundamentals

Valuation

  • P/E
    14.41
  • P/B
    2.75
  • EV/EBITDA
    5.90
  • EV/EBIT
    8.01
  • EV/Revenue
    1.97
  • P/EBIT
    4.45
  • P/S
    1.09
  • P/OCF
    4.07
  • P/FCF
    22.50
  • Earnings yield
    12.48%
  • PEG ratio
    —
  • Earnings per share
    R$1.61
  • Book value per share
    R$8.45

Debt

  • Net debt
    R$13.3bn
  • Net debt/EBITDA
    2.62
  • Net debt/Equity
    1.64
  • Debt/Equity
    2.21
  • Current ratio
    2.23
  • Quick ratio
    2.16
  • Cash ratio
    1.27

Efficiency

  • Gross margin
    26.66%
  • EBITDA margin
    33.41%
  • Operating margin
    24.61%
  • Net margin
    8.95%
  • Asset turnover
    0.44

Profitability

  • ROE
    19.06%
  • ROA
    3.96%
  • ROIC
    12.08%
  • Payout
    78.74%

Growth

  • Revenue CAGR (5 years)
    7.71%
  • Earnings CAGR (5 years)
    -1.02%
  • Revenue growth (year)
    -9.68%
  • Earnings growth (year)
    -34.72%
  • Revenue growth (quarter)
    -17.58%
  • Earnings growth (quarter)
    -37.26%

What is PASS3's fair price?

Two classic value formulas, with today's numbers. The current price is R$23.21.

Graham's fair price
R$17.50
24.62% below the price

√(22.50 × R$1.61 × R$8.45)

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$23.29
0.36% above the price

R$1.40 (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.

PASS3 indicators by year

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

Indicator2025202420232022202120202019
Earnings per shareR$1.80R$2.75R$2.24R$2.59R$2.42R$1.48-R$0.00
Book value per shareR$10.41R$9.43R$12.31R$12.05R$8.92R$5.32-R$0.00
ROE17.26%29.21%18.23%21.48%27.07%27.83%106.94%
ROIC13.16%14.21%14.29%17.72%22.76%9.02%—
Gross margin24.28%20.00%19.76%17.74%25.38%29.24%—
EBITDA margin29.96%25.88%23.89%17.18%20.54%24.02%—
Net margin7.73%10.70%9.02%9.18%13.99%10.24%—
Net debt/EBITDA2.482.151.631.260.914.21—

PASS3 financial statements

Line202520242023202220212020
Net revenueR$16.6bnR$18.4bnR$17.8bnR$20.1bnR$12.3bnR$9.1bn
Cost of sales-R$12.6bn-R$14.7bn-R$14.3bn-R$16.6bn-R$9.2bn-R$6.4bn
Gross profitR$4bnR$3.7bnR$3.5bnR$3.6bnR$3.1bnR$2.7bn
EBITDAR$5bnR$4.8bnR$4.2bnR$3.5bnR$2.5bnR$2.2bn
EBITR$3.7bnR$3.7bnR$3.3bnR$2.7bnR$2bnR$1.7bn
Net finance result-R$1.6bn-R$854.2m-R$731m-R$377.1m-R$289.6m-R$282.8m
Profit before taxR$2.1bnR$2.8bnR$2.6bnR$2.3bnR$1.7bnR$1.4bn
Income tax-R$628.9m-R$966.6m-R$859.3m-R$329.2mR$59.4m-R$460.3m
Net incomeR$1.3bnR$2bnR$1.6bnR$1.8bnR$1.7bnR$931.3m

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

PASS3 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
PASS3Compass Gas E Energia14.412.755.46%19.06%R$16.6bn
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 PASS3 pay dividends?

Dividend yield per year

  • 2021
  • 2022
  • 2023
  • 2024
  • 2025
  • 2.44%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend04/05/202629/06/2026R$0.57
Other18/02/202527/02/2025R$2.10
Dividend02/04/202412/04/2024R$2.10
Dividend20/11/202328/11/2023R$1.40
Interest on equity03/01/202312/01/2023R$0.07
Interest on equity27/09/202231/12/2022R$0.07
Dividend05/05/202214/11/2022R$0.11
Interest on equity05/04/202214/11/2022R$0.02
Interest on equity09/12/202120/12/2021R$0.10
Dividend09/12/202120/12/2021R$1.01
Dividend19/12/2025—R$0.70
Dividend12/11/2024—R$1.40
See all 14 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend03/11/2022—R$2.06
Interest on equity01/07/2022—R$0.01

About Compass Gas E Energia

Sector
Energia
Segment
Gás
Listing segment
Novo Mercado
Tag along
100.00%
Free float
23.82%
Shares issued
714.19m ordinary
Average daily trading
R$25.8m
Listed since
12/08/2021
CNPJ
21.389.501/0001-81

Compass Gás & Energia S.A. é uma empresa controlada pelo Grupo Cosan, especializada em infraestrutura, distribuição, geração e comercialização de gás natural no Brasil. A companhia atua em quatro segmentos principais: Distribuição de Gás Natural, operando através da Comgás em São Paulo e da Sulgás no Rio Grande do Sul; Infraestrutura, desenvolvendo redes de distribuição de gás; Geração de Energia, produzindo energia a partir de gás natural; e Comercialização, atuando como fornecedora de gás para diversos clientes. Com mais de 150 anos de história através da Comgás, a Compass é responsável pelo abastecimento de gás natural a milhares de clientes residenciais, comerciais e industriais, contribuindo para a segurança energética e desenvolvimento econômico do Brasil.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Cosan Dez Participações S.A.Controlling68.00%0.00%68.00%
Cosan S.A.8.18%0.00%8.18%
Outros23.82%0.00%23.82%

Questions about PASS3

How much is PASS3 today?

PASS3 is at R$23.21 (1.35% on the day), last traded on 01/10/2026.

How much did PASS3 pay in dividends in 2025?

PASS3 paid R$2.10 per share in 2025, a dividend yield of —.

What are the P/E and P/B of PASS3?

PASS3 trades at a P/E of 14.41 and a P/B of 2.75.

What sector is PASS3 in?

Compass Gas E Energia is in the Energia sector, Gás segment.