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B3 · BRL

SMTO3

Sao Martinho S.A.

R$17.76+1.08% (R$0.19)
Day's range
R$17.47 – R$17.96
Day's volume
R$23.5m
52-week range
R$12.91 – R$21.70

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See how SMTO3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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SMTO3 in numbers

Market cap
R$5.9bn
P/E
8.42
P/B
0.80
Dividend yield (12m)
1.22%
Net debt/EBITDA
2.14

The 12-month dividend yield of SMTO3 is 1.22%, below its 5-year average of 5.50%.

SMTO3 price history

01/10/202530/09/2026
Compare with

SMTO3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+2.88%-51.12%-38.74%
Volatility (annualised)58.57%40.43%38.70%
Largest drawdown-30.54%-61.82%-67.98%
Positive months6/1213/3627/60

How much did investing in SMTO3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$612.61 today.

Value today in SMTO3
R$612.61
Return over the period
-38.74%
Return per year
-9.34%
In the Ibovespa
R$1,657.66

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

SMTO3 fundamentals

Valuation

  • P/E
    8.42
  • P/B
    0.80
  • EV/EBITDA
    3.95
  • EV/EBIT
    —
  • EV/Revenue
    1.92
  • P/EBIT
    —
  • P/S
    0.88
  • P/OCF
    4.41
  • P/FCF
    -2.79
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    R$2.11
  • Book value per share
    R$22.19

Debt

  • Net debt
    R$7bn
  • Net debt/EBITDA
    2.14
  • Net debt/Equity
    0.95
  • Debt/Equity
    1.61
  • Current ratio
    3.16
  • Quick ratio
    2.84
  • Cash ratio
    1.81

Efficiency

  • Gross margin
    25.96%
  • EBITDA margin
    48.69%
  • Operating margin
    17.63%
  • Net margin
    10.44%
  • Asset turnover
    0.28

Profitability

  • ROE
    9.51%
  • ROA
    2.93%
  • ROIC
    —
  • Payout
    10.26%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    3.77%
  • Earnings growth (year)
    50.19%
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is SMTO3's fair price?

Two classic value formulas, with today's numbers. The current price is R$17.76.

Graham's fair price
R$32.46
82.75% above the price

√(22.50 × R$2.11 × R$22.19)

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$24.68
38.95% above the price

R$1.48 (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.

SMTO3 indicators by year

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

Indicator20262025202420232022202120202019
P/E7.009.035.4610.226.3413.2015.1627.49
P/B0.790.751.171.751.773.072.892.55
EV/EBITDA3.513.282.934.043.795.745.856.37
Dividend yield1.22%3.02%7.71%5.76%4.27%6.75%1.98%2.77%
Earnings per shareR$2.52R$1.67R$4.26R$2.87R$4.18R$2.62R$1.81R$0.86
Book value per shareR$22.15R$20.15R$19.81R$16.70R$15.02R$11.26R$9.45R$9.32
ROE11.35%8.31%21.51%17.18%27.84%23.26%19.09%9.26%
ROIC9.48%10.44%15.94%14.14%16.39%13.83%13.05%9.95%
Gross margin26.22%24.93%24.31%30.75%42.31%36.10%31.86%25.93%
EBITDA margin50.68%54.73%70.81%63.39%70.61%68.23%65.94%51.62%
Net margin11.25%7.77%21.42%15.33%25.89%21.54%17.30%9.35%
Net debt/EBITDA1.952.001.281.571.471.571.871.39

SMTO3 financial statements

Line202620252024202320222021
Net revenueR$7.4bnR$7.2bnR$6.9bnR$6.6bnR$5.7bnR$4.3bn
Cost of sales-R$5.5bn-R$5.4bn-R$5.2bn-R$4.6bn-R$3.3bn-R$2.8bn
Gross profitR$1.9bnR$1.8bnR$1.7bnR$2bnR$2.4bnR$1.6bn
EBITDAR$3.8bnR$3.9bnR$4.9bnR$4.2bnR$4bnR$2.9bn
EBITR$1.4bnR$1.5bnR$2.5bnR$2.1bnR$2.4bnR$1.6bn
Net finance result-R$854.2m-R$1bn-R$744.9m-R$882.9m-R$473.5m-R$342.1m
Profit before taxR$540.6mR$502.8mR$1.8bnR$1.2bnR$1.9bnR$1.2bn
Income taxR$295.6mR$54m-R$310.3m-R$177.9m-R$458.4m-R$281.7m
Net incomeR$836.2mR$556.7mR$1.5bnR$1bnR$1.5bnR$927.1m

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

SMTO3 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
SMTO3Sao Martinho8.420.801.22%9.51%R$5.9bn
SUZB3SUZANO S.A.6.841.122.54%16.44%R$55.9bn
SLCE3SLC AGRICOLA S.A.21.591.555.39%7.16%R$8.4bn
UNIP6UNIPAR CARBOCLORO S.A.23.913.1911.50%13.34%R$6.4bn
UNIP3UNIPAR CARBOCLORO S.A.23.283.1010.74%13.34%R$6.4bn
UNIP5UNIPAR CARBOCLORO S.A.24.233.2311.35%13.34%R$6.4bn

Does SMTO3 pay dividends?

Dividend yield per year

  • 1.44%2017
  • 2.82%2018
  • 2.77%2019
  • 1.98%2020
  • 6.75%2021
  • 4.27%2022
  • 5.76%2023
  • 7.71%2024
  • 3.02%2025
  • 1.22%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend03/07/202621/07/2026R$0.22
Interest on equity30/07/202508/08/2025R$0.46
Interest on equity12/12/202419/12/2024R$0.45
Dividend26/07/202413/08/2024R$0.45
Interest on equity20/06/202402/07/2024R$0.45
Dividend20/06/202402/07/2024R$0.45
Dividend28/07/202315/08/2023R$0.79
Dividend22/06/202304/07/2023R$0.45
Interest on equity22/06/202304/07/2023R$0.45
Interest on equity15/12/202223/12/2022R$0.40
Dividend29/07/202216/08/2022R$0.40
Interest on equity23/06/202205/07/2022R$0.33
See all 31 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity11/11/202130/11/2021R$0.39
Dividend11/11/202130/11/2021R$1.08
Dividend30/07/202117/08/2021R$0.87
Interest on equity12/11/202010/12/2020R$0.35
Dividend31/07/202017/08/2020R$0.20
Interest on equity12/12/201923/12/2019R$0.34
Dividend26/07/201916/08/2019R$0.31
Dividend27/07/201815/08/2018R$0.51
Dividend28/07/201715/08/2017R$0.28
Dividend29/07/201615/08/2016R$0.49
Dividend31/07/201513/08/2015R$0.60
Dividend31/07/201414/08/2014R$0.36
Dividend31/07/201315/08/2013R$0.27
Interest on equity13/12/201020/12/2010R$0.17
Interest on equity30/11/200914/12/2009R$0.16
Dividend27/07/200710/08/2007R$0.18
Dividend27/07/2012—R$0.32
Dividend29/07/2011—R$0.27
Dividend30/07/2010—R$0.14
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split09/12/20163 for 1

About Sao Martinho

Sector
Consumo Não Cíclico
Segment
Açúcar e Álcool
Listing segment
Novo Mercado
Tag along
100.00%
Free float
37.18%
Shares issued
332.44m ordinary
Average daily trading
R$32.2m
Listed since
12/02/2007
CNPJ
51.466.860/0001-56

A São Martinho S.A. atua no setor sucroenergético brasileiro com produção e comercialização de açúcar, etanol e energia elétrica a partir de biomassa. A companhia opera unidades agroindustriais integradas e mantém atividades agrícolas próprias e de fornecedores para suprimento de cana-de-açúcar. A empresa também expandiu operações em etanol de milho e coprodutos, ampliando a diversificação de portfólio dentro da cadeia de bioenergia. O modelo de negócios inclui geração de energia por cogeração, venda de excedentes ao sistema elétrico e ganhos de eficiência industrial e agrícola. Listada na B3, a companhia integra o setor de consumo não cíclico no segmento de açúcar e álcool. A gestão operacional é orientada por produtividade agrícola, rendimento industrial, disciplina financeira e práticas de sustentabilidade na condução do negócio.

Investor website
ShareholdersAs of 31/03/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
LJN PARTICIPAÇÕES S/AControlling57.23%0.00%57.23%
Outros41.61%0.00%41.61%
Ações Tesouraria1.16%0.00%1.16%

Questions about SMTO3

How much is SMTO3 today?

SMTO3 is at R$17.76 (1.08% on the day), last traded on 01/10/2026.

How much did SMTO3 pay in dividends in 2025?

SMTO3 paid R$0.46 per share in 2025, a dividend yield of 3.02%.

What are the P/E and P/B of SMTO3?

SMTO3 trades at a P/E of 8.42 and a P/B of 0.80.

How much did SMTO3 return in 12 months?

SMTO3 returned 2.88% in 12 months, with annualised volatility of 58.57% and a largest drawdown of -30.54%.

What sector is SMTO3 in?

Sao Martinho is in the Consumo Não Cíclico sector, Açúcar e Álcool segment.