B3 · BRL

SAPR11

Companhia de Saneamento do Parana - Sanepar Units Cons of 1 Sh + 4 Pfd Shs

R$35.21+4.82% (R$1.62)
Day's range
R$33.61 – R$35.25
Day's volume
R$73m
52-week range
R$31.13 – R$48.72

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SAPR11 in numbers

Market cap
R$10.8bn
P/E
23.38
P/B
0.88
Dividend yield (12m)
1.57%
Net debt/EBITDA
2.02

The 12-month dividend yield of SAPR11 is 1.57%, below its 5-year average of 5.17%.

SAPR11 price history

03/10/202502/10/2026
Compare with

SAPR11 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-4.47%+52.81%+150.60%
Volatility (annualised)26.02%25.45%24.16%
Largest drawdown-29.28%-29.28%-29.28%
Positive months3/1218/3633/60

How much did investing in SAPR11 return?

R$1,000.00 invested on 01/11/2021 would be worth R$2,506.04 today.

Value today in SAPR11
R$2,506.04
Return over the period
+150.60%
Return per year
+20.54%
In the Ibovespa
R$1,885.05

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

SAPR11 fundamentals

Valuation

  • P/E
    23.38
  • P/B
    0.88
  • EV/EBITDA
    6.01
  • EV/EBIT
    7.99
  • EV/Revenue
    2.15
  • P/EBIT
    5.30
  • P/S
    1.43
  • P/OCF
    1.55
  • P/FCF
    2.51
  • Earnings yield
    12.52%
  • PEG ratio
    —
  • Earnings per share
    R$1.51
  • Book value per share
    R$40.05

Debt

  • Net debt
    R$5.4bn
  • Net debt/EBITDA
    2.02
  • Net debt/Equity
    0.45
  • Debt/Equity
    0.83
  • Current ratio
    1.86
  • Quick ratio
    1.83
  • Cash ratio
    1.37

Efficiency

  • Gross margin
    57.51%
  • EBITDA margin
    35.74%
  • Operating margin
    26.88%
  • Net margin
    6.04%
  • Asset turnover
    0.28

Profitability

  • ROE
    3.76%
  • ROA
    1.72%
  • ROIC
    4.15%
  • Payout
    36.67%

Growth

  • Revenue CAGR (5 years)
    8.99%
  • Earnings CAGR (5 years)
    -15.14%
  • Revenue growth (year)
    5.22%
  • Earnings growth (year)
    34.57%
  • Revenue growth (quarter)
    7.80%
  • Earnings growth (quarter)
    -79.88%

What is SAPR11's fair price?

Two classic value formulas, with today's numbers. The current price is R$35.21.

Graham's fair price
R$36.84
4.63% above the price

√(22.50 × R$1.51 × R$40.05)

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$22.20
36.96% below the price

R$1.33 (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.

SAPR11 indicators by year

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

Indicator20252024202320222021202020192018
P/E29.2027.1829.347.908.1813.2347.6034.71
P/B4.923.884.531.031.231.908.335.42
EV/EBITDA22.1717.0418.186.996.499.0728.1621.07
Dividend yield3.86%5.45%4.96%6.38%5.19%12.69%12.52%0.32%
Earnings per shareR$1.38R$1.02R$0.99R$2.29R$2.34R$1.98R$2.14R$1.77
Book value per shareR$8.17R$7.17R$6.45R$17.44R$15.54R$13.78R$12.26R$11.35
ROE16.84%14.27%15.43%13.11%15.05%14.35%17.49%15.61%
ROIC12.19%9.34%10.23%8.75%10.66%10.16%11.81%11.25%
Gross margin56.27%57.79%60.03%57.99%60.60%59.97%60.64%59.64%
EBITDA margin41.13%42.88%44.93%39.16%43.68%40.26%41.75%39.45%
Net margin28.86%22.57%23.89%20.30%22.63%20.76%22.87%21.44%
Net debt/EBITDA1.682.742.582.902.252.242.082.20

SAPR11 financial statements

Line202520242023202220212020
Net revenueR$7.2bnR$6.8bnR$6.3bnR$5.7bnR$5.2bnR$4.8bn
Cost of sales-R$3.2bn-R$2.9bn-R$2.5bn-R$2.4bn-R$2.1bn-R$1.9bn
Gross profitR$4.1bnR$4bnR$3.8bnR$3.3bnR$3.2bnR$2.9bn
EBITDAR$3bnR$2.9bnR$2.8bnR$2.2bnR$2.3bnR$1.9bn
EBITR$2.3bnR$2.4bnR$2.3bnR$1.8bnR$1.9bnR$1.6bn
Net finance result-R$34.9m-R$294.5m-R$323m-R$243m-R$275.2m-R$204.8m
Profit before taxR$2.3bnR$2.1bnR$2bnR$1.5bnR$1.6bnR$1.4bn
Income tax-R$223.1m-R$536.8m-R$521m-R$394m-R$425.9m-R$369.4m
Net incomeR$2.1bnR$1.5bnR$1.5bnR$1.2bnR$1.2bnR$996.3m

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

SAPR11 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
SAPR11Cia Saneamento Do Parana - Sanepar23.380.881.57%3.76%R$10.8bn
AXIA3AXIA ENERGIA S.A.13.761.363.32%9.86%R$160.9bn
AXIA7AXIA ENERGIA S.A.13.711.350.00%9.86%R$160.9bn
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.412.2112.32%17.80%R$99.5bn
CPFE3CPFL ENERGIA S.A.9.232.447.76%26.43%R$55.4bn
ENEV3ENEVA S.A57.992.740.00%4.73%R$55.8bn
EQTL3EQUATORIAL S.A.55.072.023.78%3.67%R$52.8bn

Does SAPR11 pay dividends?

Dividend yield per year

  • 0.32%2018
  • 12.52%2019
  • 12.69%2020
  • 5.19%2021
  • 6.38%2022
  • 4.96%2023
  • 5.45%2024
  • 3.86%2025
  • 5.57%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity30/12/202526/06/2026R$0.55
Interest on equity30/06/202526/06/2026R$1.41
Interest on equity30/12/202426/06/2025R$0.80
Interest on equity28/06/202426/06/2025R$0.75
Interest on equity28/12/202327/06/2024R$0.61
Interest on equity30/06/202327/06/2024R$0.90
Interest on equity29/12/202227/06/2023R$0.93
Interest on equity30/06/202227/06/2023R$0.52
Dividend28/04/202224/06/2022R$0.06
Interest on equity30/12/202124/06/2022R$0.59
Interest on equity30/06/202124/06/2022R$0.51
Interest on equity30/12/202018/06/2021R$0.49
See all 20 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity30/06/202018/06/2021R$0.50
Interest on equity30/12/201922/06/2020R$1.57
Interest on equity28/06/201922/06/2020R$1.75
Dividend24/04/201921/06/2019R$0.98
Interest on equity28/12/201821/06/2019R$1.68
Interest on equity02/07/201821/06/2019R$1.60
Dividend26/04/201825/06/2018R$0.07
Interest on equity28/12/2017—R$1.60
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split27/03/20203 for 1
Bonus shares22/03/200225.00% in shares

About Cia Saneamento Do Parana - Sanepar

Listing segment
Level 2
Tag along
Set by the bylaws
Free float
79.97%
Shares issued
503.74m ordinary · 1.01bn preferred
Average daily trading
R$44m
Listed since
03/05/2002
CNPJ
76.484.013/0001-45
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Estado do ParanáControlling60.08%0.00%20.03%
Blackrock, Inc2.49%5.54%4.53%
Outros37.43%94.46%75.45%

Questions about SAPR11

How much is SAPR11 today?

SAPR11 is at R$35.21 (4.82% on the day), last traded on 03/10/2026.

How much did SAPR11 pay in dividends in 2025?

SAPR11 paid R$1.55 per share in 2025, a dividend yield of 3.86%.

What are the P/E and P/B of SAPR11?

SAPR11 trades at a P/E of 23.38 and a P/B of 0.88.

How much did SAPR11 return in 12 months?

SAPR11 returned -4.47% in 12 months, with annualised volatility of 26.02% and a largest drawdown of -29.28%.