B3 · BRL

CSAN3

Cosan S.A.

R$3.96+6.45% (R$0.24)
Day's range
R$3.75 – R$3.99
Day's volume
R$168.7M
52-week range
R$3.09 – R$6.90

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CSAN3 in numbers

Market cap
R$15.7B
P/E
-1.77
P/B
3.16
Dividend yield (12m)
0.00%
Net debt/EBITDA
8.54

CSAN3 price history

10/01/202509/30/2026
Compare with

CSAN3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-35.61%-73.97%-77.86%
Volatility (annualized)36.74%31.11%31.68%
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 09/01/2021 would be worth R$183.42 today.

Value today in CSAN3
R$183.42
Return over the period
-81.66%
Return per year
-28.77%
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.

CSAN3 fundamentals

Valuation

  • P/E
    -1.77
  • P/B
    3.16
  • EV/EBITDA
    11.36
  • EV/EBIT
    37.89
  • EV/Revenue
    1.58
  • P/EBIT
    9.41
  • P/S
    0.39
  • P/OCF
    1.18
  • P/FCF
    8.88
  • 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$47.5B
  • 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$3.96.

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
128.40% above the price

R$0.54 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

CSAN3's indicators by year

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

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's financial statements

Line202520242023202220212020
Net revenueR$40.4BR$44BR$39.5BR$39.7BR$24.9BR$13.5B
Cost of revenue-R$27.2B-R$30.2B-R$28.5B-R$30.8B-R$18.6B-R$9.8B
Gross profitR$13.2BR$13.7BR$10.9BR$9BR$6.3BR$3.7B
EBITDAR$3.7BR$10.5BR$16.4BR$10.9BR$10.9BR$3.1B
EBIT-R$199.9MR$3.5BR$13BR$7.9BR$8.7BR$2.4B
Financial result-R$7.8B-R$8.7B-R$7.9B-R$5.2B-R$2.8B-R$1.3B
Income before tax-R$8B-R$5.2BR$5.1BR$2.7BR$5.9BR$1.2B
Income tax-R$2.2B-R$3.2B-R$274.4MR$118.4MR$450.8M-R$257.9M
Net income-R$9.7B-R$9.4BR$1.1BR$1.2BR$6.1BR$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-1.773.160.00%-178.97%R$15.7B
AXIA3AXIA313.391.323.41%9.86%R$159B
AXIA7AXIA7——0.00%—R$159B
SBSP3CIA SANEAMENTO BASICO EST SAO PAULO12.062.1512.68%17.80%R$96.7B
ENEV3ENEVA S.A56.292.660.00%4.73%R$54.2B
CPFE3CPFL ENERGIA S.A.8.732.318.20%26.43%R$52.4B
EQTL3EQUATORIAL S.A.53.421.963.89%3.67%R$51.2B

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
Dividend06/05/202406/28/2024R$0.45
Dividend05/18/202305/31/2023R$0.43
Dividend05/05/202205/20/2022R$0.43
Dividend12/14/202112/28/2021R$0.37
Dividend05/05/202105/20/2021R$1.03
Dividend06/03/202006/15/2020R$1.50
Dividend05/02/201905/23/2019R$1.00
Dividend05/02/201805/16/2018R$1.11
Dividend04/28/201705/11/2017R$0.93
Dividend12/12/201612/23/2016R$0.74
Dividend05/13/201605/20/2016R$0.22
Dividend05/13/201605/20/2016R$0.49
See all 22 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend02/18/201602/29/2016R$0.70
Dividend09/11/201509/17/2015R$0.37
Dividend04/30/201505/27/2015R$0.31
Dividend10/14/201410/31/2014R$0.37
Dividend04/30/201405/20/2014R$0.37
Dividend07/31/201308/13/2013R$0.37
Dividend07/29/201108/31/2011R$0.49
Dividend07/31/2012—R$0.62
Dividend07/30/2010—R$0.49
Dividend07/27/2007—R$0.40
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Split05/05/20214 for 1
Bonus shares10/22/2008100.00% in shares
Split09/01/20063 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
3.97B common
Average daily trading
R$104.5M
Ibovespa weight
0.33%
Listed since
11/18/2005
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 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
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$3.96 (6.45% on the day), last traded on 09/30/2026.

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 -1.77 and a P/B of 3.16.

How much did CSAN3 return in 12 months?

CSAN3 returned -35.61% in 12 months, with annualized volatility of 36.74% and a largest drawdown of -41.18%.

What sector is CSAN3 in?

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