B3 · BRL

SAPR4

Companhia de Saneamento do Parana - Sanepar Non-Cum Perp Pfd Registered Shs

R$6.60+1.23% (R$0.08)
Day's range
R$6.38 – R$6.60
Day's volume
R$11.5m
52-week range
R$6.17 – R$9.23

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SAPR4 in numbers

Market cap
R$10.3bn
P/E
7.30
P/B
0.27
Dividend yield (12m)
1.70%
Net debt/EBITDA
2.02

The 12-month dividend yield of SAPR4 is 1.70%, below its 5-year average of 5.24%.

SAPR4 price history

01/10/202501/10/2026
Compare with

SAPR4 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-2.11%+72.45%+136.88%
Volatility (annualised)23.07%26.28%22.71%
Largest drawdown-25.99%-25.99%-25.99%
Positive months4/1218/3632/60

How much did investing in SAPR4 return?

R$1,000.00 invested on 01/10/2021 would be worth R$2,372.37 today.

Value today in SAPR4
R$2,372.37
Return over the period
+137.24%
Return per year
+18.86%
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.

SAPR4 fundamentals

Valuation

  • P/E
    7.30
  • P/B
    0.27
  • EV/EBITDA
    5.84
  • EV/EBIT
    7.76
  • EV/Revenue
    2.09
  • P/EBIT
    5.08
  • P/S
    1.36
  • P/OCF
    1.48
  • P/FCF
    2.41
  • Earnings yield
    12.89%
  • PEG ratio
    —
  • Earnings per share
    R$0.90
  • Book value per share
    R$24.03

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
    12.45%

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 SAPR4's fair price?

Two classic value formulas, with today's numbers. The current price is R$6.60.

Graham's fair price
R$22.10
234.91% above the price

√(22.50 × R$0.90 × R$24.03)

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$4.52
31.49% below the price

R$0.27 (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.

SAPR4 indicators by year

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

Indicator20252024202320222021202020192018
P/E5.695.505.921.601.662.589.836.04
P/B0.960.780.910.210.250.371.720.94
EV/EBITDA5.675.635.733.733.113.577.475.48
Dividend yield4.03%5.49%5.01%6.42%5.23%13.26%12.35%18.69%
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

SAPR4 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.

SAPR4 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
SAPR4Cia Saneamento Do Parana - Sanepar7.300.271.70%3.76%R$10.3bn
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 SAPR4 pay dividends?

Dividend yield per year

  • 8.29%2017
  • 18.69%2018
  • 12.35%2019
  • 13.26%2020
  • 5.23%2021
  • 6.42%2022
  • 5.01%2023
  • 5.49%2024
  • 4.03%2025
  • 6.06%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity30/12/202526/06/2026R$0.11
Interest on equity30/06/202526/06/2026R$0.29
Interest on equity30/12/202426/06/2025R$0.16
Interest on equity28/06/202426/06/2025R$0.15
Interest on equity28/12/202327/06/2024R$0.13
Interest on equity30/06/202327/06/2024R$0.18
Interest on equity29/12/202227/06/2023R$0.19
Interest on equity30/06/202227/06/2023R$0.11
Dividend28/04/202224/06/2022R$0.01
Interest on equity30/12/202124/06/2022R$0.12
Interest on equity30/06/202124/06/2022R$0.10
Interest on equity30/12/202018/06/2021R$0.10
See all 54 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity30/06/202018/06/2021R$0.10
Interest on equity30/12/201922/06/2020R$0.32
Interest on equity28/06/201922/06/2020R$0.36
Dividend24/04/201921/06/2019R$0.20
Interest on equity28/12/201821/06/2019R$0.34
Interest on equity02/07/201821/06/2019R$0.33
Dividend26/04/201825/06/2018R$0.01
Interest on equity28/12/201725/06/2018R$0.33
Interest on equity30/06/201725/06/2018R$0.33
Dividend27/04/201726/06/2017R$0.01
Interest on equity30/06/201626/06/2017R$0.31
Dividend28/04/201623/06/2016R$0.01
Interest on equity30/12/201523/06/2016R$0.24
Interest on equity30/06/201523/06/2016R$0.21
Dividend28/04/201526/06/2015R$0.07
Interest on equity30/12/201426/06/2015R$0.18
Interest on equity30/06/201426/06/2015R$0.18
Interest on equity30/12/201324/06/2014R$0.15
Interest on equity28/06/201320/12/2013R$0.15
Dividend25/04/201324/06/2013R$0.10
Interest on equity28/12/201224/06/2013R$0.15
Interest on equity29/06/201224/06/2013R$0.16
Interest on equity30/06/201122/06/2012R$0.15
Interest on equity30/06/201024/06/2011R$0.07
Interest on equity30/12/200925/06/2010R$0.03
Interest on equity30/06/200925/06/2010R$0.07
Interest on equity30/12/200819/06/2009R$0.03
Interest on equity30/06/200819/06/2009R$0.07
Interest on equity30/12/2016—R$0.31
Dividend25/04/2014—R$0.14
Interest on equity29/12/2011—R$0.15
Interest on equity30/12/2010—R$0.02
Interest on equity28/12/2007—R$0.05
Interest on equity29/06/2007—R$0.06
Interest on equity28/12/2006—R$0.06
Interest on equity30/06/2006—R$0.07
Interest on equity29/12/2005—R$0.07
Interest on equity30/06/2005—R$0.07
Interest on equity30/12/2004—R$0.15
Interest on equity30/12/2003—R$0.26
Interest on equity30/12/2002—R$0.07
Interest on equity28/06/2002—R$0.10
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
100.00%
Free float
79.97%
Shares issued
503.74m ordinary · 1.01bn preferred
Average daily trading
R$8.4m
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 SAPR4

How much is SAPR4 today?

SAPR4 is at R$6.60 (1.23% on the day), last traded on 01/10/2026.

How much did SAPR4 pay in dividends in 2025?

SAPR4 paid R$0.32 per share in 2025, a dividend yield of 4.03%.

What are the P/E and P/B of SAPR4?

SAPR4 trades at a P/E of 7.30 and a P/B of 0.27.

How much did SAPR4 return in 12 months?

SAPR4 returned -2.11% in 12 months, with annualised volatility of 23.07% and a largest drawdown of -25.99%.