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B3 · BRL

SBSP3

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP

R$27.43+1.37% (R$0.37)
Day's range
R$27.21 – R$27.80
Day's volume
R$487.4M
52-week range
R$23.17 – R$35.32

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See how SBSP3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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SBSP3 in numbers

Market cap
R$96.7B
P/E
12.06
P/B
2.15
Dividend yield (12m)
12.68%
Net debt/EBITDA
2.21

The 12-month dividend yield of SBSP3 is 12.68%, above its 5-year average of 10.65%.

SBSP3 price history

10/01/202509/30/2026
Compare with

SBSP3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+7.60%+145.12%+307.19%
Volatility (annualized)26.26%26.18%28.33%
Largest drawdown-23.74%-23.74%-23.74%
Positive months7/1225/3638/60

How much did investing in SBSP3 return?

R$1,000.00 invested on 09/01/2021 would be worth R$4,071.87 today.

Value today in SBSP3
R$4,071.87
Return over the period
+307.19%
Return per year
+32.43%
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.

SBSP3 fundamentals

Valuation

  • P/E
    12.06
  • P/B
    2.15
  • EV/EBITDA
    8.46
  • EV/EBIT
    10.10
  • EV/Revenue
    3.20
  • P/EBIT
    7.46
  • P/S
    2.37
  • P/OCF
    11.78
  • P/FCF
    -5.92
  • Earnings yield
    9.90%
  • PEG ratio
    —
  • Earnings per share
    R$2.27
  • Book value per share
    R$12.78

Debt

  • Net debt
    R$34.2B
  • Net debt/EBITDA
    2.21
  • Net debt/Equity
    0.76
  • Debt/Equity
    1.14
  • Current ratio
    1.47
  • Quick ratio
    1.47
  • Cash ratio
    1.07

Efficiency

  • Gross margin
    35.73%
  • EBITDA margin
    37.87%
  • Operating margin
    31.71%
  • Net margin
    19.71%
  • Asset turnover
    0.34

Profitability

  • ROE
    17.80%
  • ROA
    6.74%
  • ROIC
    12.24%
  • Payout
    152.86%

Growth

  • Revenue CAGR (5 years)
    17.06%
  • Earnings CAGR (5 years)
    26.09%
  • Revenue growth (year)
    5.39%
  • Earnings growth (year)
    -11.67%
  • Revenue growth (quarter)
    1.61%
  • Earnings growth (quarter)
    -27.99%

What is SBSP3's fair price?

Two classic value formulas, with today's numbers. The current price is R$27.43.

Graham's fair price
R$25.58
6.75% below the price

√(22.50 × R$2.27 × R$12.78)

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$29.10
6.09% above the price

R$1.75 (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.

SBSP3's indicators by year

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

Indicator20252024202320222021202020192018
P/E57.216.3114.6212.5211.9131.2112.297.59
P/B11.421.641.731.431.101.331.911.10
EV/EBITDA34.565.068.228.807.777.737.485.34
Dividend yield14.01%8.39%8.73%17.01%5.11%15.97%9.87%16.86%
Earnings per shareR$2.40R$14.02R$5.16R$4.57R$3.37R$1.42R$4.93R$4.15
Book value per shareR$12.03R$54.03R$43.68R$39.99R$36.48R$33.35R$31.65R$28.60
ROE19.96%25.94%11.80%11.42%9.25%4.27%15.56%14.50%
ROIC12.98%15.90%8.80%6.69%6.36%7.69%11.34%11.34%
Gross margin37.02%54.07%37.23%34.93%34.33%37.18%43.63%43.51%
EBITDA margin38.88%50.32%35.73%32.17%32.58%36.69%41.66%40.84%
Net margin22.21%26.50%13.78%14.15%11.83%5.47%18.73%17.63%
Net debt/EBITDA1.881.742.583.293.453.081.952.06

SBSP3's financial statements

Line202520242023202220212020
Net revenueR$38.1BR$36.1BR$25.6BR$22.1BR$19.5BR$17.8B
Cost of revenue-R$24B-R$16.6B-R$16.1B-R$14.4B-R$12.8B-R$11.2B
Gross profitR$14.1BR$19.5BR$9.5BR$7.7BR$6.7BR$6.6B
EBITDAR$14.8BR$18.2BR$9.1BR$7.1BR$6.4BR$6.5B
EBITR$12.6BR$15.5BR$6.3BR$4.6BR$4.1BR$4.5B
Financial result-R$897.8M-R$1.9B-R$1.6B-R$372.4M-R$927.4M-R$3.2B
Income before taxR$11.7BR$13.6BR$4.8BR$4.3BR$3.2BR$1.3B
Income tax-R$3.2B-R$4.1B-R$1.2B-R$1.2B-R$864.3M-R$352.7M
Net incomeR$8.5BR$9.6BR$3.5BR$3.1BR$2.3BR$973.3M

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

SBSP3 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
SBSP3Cia Saneamento Basico Est Sao Paulo12.062.1512.68%17.80%R$96.7B
AXIA3AXIA313.391.323.41%9.86%R$159.1B
AXIA7AXIA7——0.00%—R$159.1B
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 SBSP3 pay dividends?

Dividend yield per year

  • 18.10%2017
  • 16.86%2018
  • 9.87%2019
  • 15.97%2020
  • 5.11%2021
  • 17.01%2022
  • 8.73%2023
  • 8.39%2024
  • 14.01%2025
  • 12.68%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity03/19/202604/30/2026R$0.83
Interest on equity12/23/202504/30/2026R$2.64
Dividend04/29/202505/20/2025R$1.05
Interest on equity04/29/202505/20/2025R$2.68
Interest on equity04/25/202406/24/2024R$1.44
Interest on equity04/28/202306/26/2023R$1.28
Dividend04/28/202206/27/2022R$0.94
Interest on equity04/28/202206/27/2022R$0.94
Interest on equity04/29/202106/28/2021R$0.40
Interest on equity04/28/202005/29/2020R$1.38
Interest on equity04/29/201906/28/2019R$1.16
Interest on equity04/27/201806/26/2018R$1.03
See all 49 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity04/10/201706/27/2017R$1.20
Interest on equity04/05/201606/28/2016R$0.22
Interest on equity04/06/201506/29/2015R$0.37
Interest on equity04/07/201406/27/2014R$0.79
Interest on equity03/28/201306/21/2013R$2.35
Interest on equity02/16/201206/22/2012R$2.54
Interest on equity12/27/201006/27/2011R$2.00
Interest on equity02/26/201006/28/2010R$0.15
Interest on equity11/19/200906/28/2010R$0.97
Interest on equity05/28/200905/28/2010R$0.61
Interest on equity01/26/200906/26/2009R$0.42
Interest on equity08/12/200806/26/2009R$0.88
Interest on equity02/27/200806/27/2008R$0.14
Interest on equity10/29/200706/27/2008R$1.18
Interest on equity12/27/200606/29/2007R$4.96
Interest on equity05/03/200606/29/2007R$4.55
Interest on equity12/28/200506/26/2006R$5.55
Interest on equity11/03/200506/26/2006R$2.99
Interest on equity07/06/200506/26/2006R$2.35
Interest on equity05/09/200506/26/2006R$1.34
Interest on equity02/10/200506/28/2005R$0.99
Interest on equity12/29/200406/28/2005R$3.00
Interest on equity03/15/200406/28/2005R$1.38
Interest on equity01/19/200406/29/2004R$6.70
Interest on equity12/15/200306/29/2004R$5.44
Interest on equity05/08/200306/29/2004R$1.41
Interest on equity06/16/200306/26/2004R$4.15
Interest on equity06/27/200206/24/2003R$3.80
Interest on equity02/07/200206/25/2002R$17.20
Interest on equity12/14/2000—R$4.50
Interest on equity09/21/2000—R$4.77
Interest on equity06/29/2000—R$9.70
Interest on equity01/28/1999—R$4.72
Interest on equity10/07/1998—R$4.60
Interest on equity08/10/1998—R$4.77
Interest on equity05/07/1998—R$4.34
Interest on equity12/23/1997—R$3.86
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Split04/28/20265 for 1
Bonus shares03/19/20260.16% in shares
Bonus shares12/23/20253.00% in shares
Split04/22/20133 for 1
Reverse split06/01/20071 for 125

About Cia Saneamento Basico Est Sao Paulo

Sector
Saneamento
Segment
Água e Saneamento
Listing segment
Novo Mercado
Tag along
100.00%
Free float
100.00%
Shares issued
3.52B common
Average daily trading
R$496.7M
Ibovespa weight
3.70%
Listed since
06/04/1997
CNPJ
43.776.517/0001-80

A Companhia de Saneamento Básico do Estado de São Paulo (Sabesp) presta serviços de abastecimento de água e esgotamento sanitário no estado de São Paulo, atendendo municípios por contratos de concessão. A operação inclui captação, tratamento, distribuição de água, coleta e tratamento de esgoto. A empresa foi fundada em 1973 e se tornou um dos maiores operadores de saneamento da América Latina. Além da listagem na B3, possui histórico de acesso ao mercado internacional de capitais, com negociação de ADRs nos Estados Unidos. Os resultados da Sabesp dependem de estrutura tarifária, investimentos em expansão e manutenção de rede, eficiência operacional e condições hídricas. A companhia opera em um setor regulado, com metas de universalização e exigências de qualidade de serviço.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
Secretaria da Fazenda do Estado de São Paulo18.00%100.00%18.00%
EQUATORIAL S.A.15.00%0.00%15.00%
Blackrock, Inc5.17%0.00%5.17%
Wellington Management5.03%0.00%5.03%
Outros56.31%0.00%56.31%
Ações Tesouraria0.50%0.00%0.50%

Questions about SBSP3

How much is SBSP3 today?

SBSP3 is at R$27.43 (1.37% on the day), last traded on 10/01/2026.

How much did SBSP3 pay in dividends in 2025?

SBSP3 paid R$3.73 per share in 2025, a dividend yield of 14.01%.

What are the P/E and P/B of SBSP3?

SBSP3 trades at a P/E of 12.06 and a P/B of 2.15.

How much did SBSP3 return in 12 months?

SBSP3 returned 7.60% in 12 months, with annualized volatility of 26.26% and a largest drawdown of -23.74%.

What sector is SBSP3 in?

Cia Saneamento Basico Est Sao Paulo is in the Saneamento sector, Água e Saneamento segment.