Companhia de Saneamento Básico do Estado de São Paulo - SABESP logo

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

SBS

NYSEUtilitiesRegulated Water

Previous close

$4.61

+$0.15 · +3.36%

Aug 21, 4:00 PM ET

Pre-market

$4.52

−$0.09 · -1.95%

Aug 24, 7:46 AM ET

SBS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

88

Deep Value

Momentum

52

Neutral

Sentiment

53

Mixed

Risk resilience

74

Moderate Risk

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Company profile

Company website

SABESP, or Companhia de Saneamento Básico do Estado de São Paulo, is a key utility provider specializing in water and sewage services for residential, commercial, industrial, and governmental clients. Its offerings are comprehensive, spanning water supply, sanitary sewage systems, urban rainwater management and drainage, municipal cleaning, and solid waste management. The company's operations also encompass planning, system operation, maintenance, and the commercialization of energy. As of December 31, 2021, SABESP delivered water services to approximately 27.8 million people through 9.8 million connections and provided sewage services to about 24.6 million individuals via 8.4 million connections. Its expansive infrastructure included 88,904 kilometers of water pipes and transmission lines, alongside 61,122 kilometers of sewer lines. Furthermore, through special purpose companies, SABESP extends its water and/or sewage provisions to four additional municipalities. The company was established in 1954 and is headquartered in São Paulo, Brazil.

Industry
Regulated Water
Sector
Utilities
Headquarters
BR
CEO
Carlos Augusto Leone Piani
Listed since
May 10, 2002
Employees
8,717

Market position

Day range

Current $4.61

52-week range

Current $4.61

Open
$4.52
Previous close
$4.46
Volume
13.3M
1.09× average
Average volume
12.21M
Average daily volume
Market cap
15.75B USD
Beta
0.09
Market reference 1
50-day average
$5.4482
-15.38% below average
200-day average
$5.5733
-17.28% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
124.66B BRL
P/E (TTM)
2.97×
P/B (TTM)
1.85×
P/S (TTM)
2.04×
EV / EBITDA
6.98×
Earnings yield
9.29%
Free cash flow yield
8.87%
Dividend yield
2.92%

Profitability & efficiency

Gross margin
35.50%
Operating margin
30.59%
Net margin
19.67%
Return on equity
19.57%
Return on assets
7.81%
Return on invested capital
9.20%

Financial health

Debt / equity
1.14×
Current ratio
1.12×
Altman Z-score
1.44
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends58%41%25%8%Gross margin, FY2021: 34.33%Gross margin, FY2022: 34.93%Gross margin, FY2023: 37.23%Gross margin, FY2024: 54.07%Gross margin, FY2025: 36.64%Operating margin, FY2021: 21.02%Operating margin, FY2022: 21.06%Operating margin, FY2023: 24.82%Operating margin, FY2024: 42.91%Operating margin, FY2025: 32.23%Net margin, FY2021: 11.83%Net margin, FY2022: 14.15%Net margin, FY2023: 13.78%Net margin, FY2024: 26.50%Net margin, FY2025: 22.21%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.33%. Gross margin FY2022 34.93%. Gross margin FY2023 37.23%. Gross margin FY2024 54.07%. Gross margin FY2025 36.64%. Operating margin FY2021 21.02%. Operating margin FY2022 21.06%. Operating margin FY2023 24.82%. Operating margin FY2024 42.91%. Operating margin FY2025 32.23%. Net margin FY2021 11.83%. Net margin FY2022 14.15%. Net margin FY2023 13.78%. Net margin FY2024 26.50%. Net margin FY2025 22.21%.

Income trends

Revenue

37.34B BRL+3.32%

Operating income

12.04B BRL-22.40%

Net income

8.3B BRL-13.40%
Income trends across reported periods40.85B BRL26.83B BRL12.82B BRL−1.2B BRLRevenue, FY2021: 19.49B BRLRevenue, FY2022: 22.06B BRLRevenue, FY2023: 25.57B BRLRevenue, FY2024: 36.15B BRLRevenue, FY2025: 37.34B BRLOperating income, FY2021: 4.1B BRLOperating income, FY2022: 4.65B BRLOperating income, FY2023: 6.35B BRLOperating income, FY2024: 15.51B BRLOperating income, FY2025: 12.04B BRLNet income, FY2021: 2.31B BRLNet income, FY2022: 3.12B BRLNet income, FY2023: 3.52B BRLNet income, FY2024: 9.58B BRLNet income, FY2025: 8.3B BRLFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 19.49B BRL. Revenue FY2022 22.06B BRL. Revenue FY2023 25.57B BRL. Revenue FY2024 36.15B BRL. Revenue FY2025 37.34B BRL. Operating income FY2021 4.1B BRL. Operating income FY2022 4.65B BRL. Operating income FY2023 6.35B BRL. Operating income FY2024 15.51B BRL. Operating income FY2025 12.04B BRL. Net income FY2021 2.31B BRL. Net income FY2022 3.12B BRL. Net income FY2023 3.52B BRL. Net income FY2024 9.58B BRL. Net income FY2025 8.3B BRL.
Metric (BRL)FY2025FY2024FY2023FY2022FY2021
Revenue37.34B BRL36.15B BRL25.57B BRL22.06B BRL19.49B BRL
Cost of goods sold23.66B BRL16.6B BRL16.05B BRL14.35B BRL12.8B BRL
Gross profit13.68B BRL19.54B BRL9.52B BRL7.7B BRL6.69B BRL
Selling, general, and administrative1.56B BRL2.95B BRL2.35B BRL2.04B BRL1.95B BRL
Operating expenses1.65B BRL4.03B BRL3.17B BRL3.06B BRL2.59B BRL
Interest income1.77B BRL264.89M BRL629.86M BRL195.27M BRL145.87M BRL
Interest expense4.21B BRL1.79B BRL1.41B BRL1.22B BRL734.86M BRL
Depreciation and amortization2.17B BRL2.68B BRL2.79B BRL2.45B BRL2.25B BRL
Operating income12.04B BRL15.51B BRL6.35B BRL4.65B BRL4.1B BRL
Net income8.3B BRL9.58B BRL3.52B BRL3.12B BRL2.31B BRL

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+58.25%
11 comparable reports
Latest EPS result
0.07
Estimate 0.09 · Miss by 22.14%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.140.110.080.05Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 0.094, estimate 0.058, surprise +62.95%, Beat. Q2 2025, reported May 12, 2025: actual 0.059, estimate 0.059, surprise -1.16%, Miss. Q3 2025, reported Aug 14, 2025: actual 0.103, estimate 0.058, surprise +78.04%, Beat. Q4 2025, reported Nov 11, 2025: actual 0.071, estimate 0.057, surprise +23.78%, Beat. Q1 2026, reported Mar 17, 2026: actual 0.1, estimate 0.089, surprise +12.33%, Beat. Q2 2026, reported May 7, 2026: actual 0.089, estimate 0.082, surprise +9.08%, Beat. Q3 2026, reported Aug 12, 2026: actual 0.07, estimate 0.09, surprise -22.14%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.079, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.72B1.46B1.21B947.27MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 1.37B USD, estimate 1.05B USD, surprise +29.69%, Beat. Q2 2025, reported May 12, 2025: actual 1.08B USD, estimate 1.14B USD, surprise -5.39%, Miss. Q3 2025, reported Aug 14, 2025: actual 1.66B USD, estimate 1.01B USD, surprise +63.53%, Beat. Q4 2025, reported Nov 11, 2025: actual 1.04B USD, estimate 1.06B USD, surprise -2.07%, Miss. Q1 2026, reported Mar 17, 2026: actual 1.08B USD, estimate 1.09B USD, surprise -1.32%, Miss. Q2 2026, reported May 7, 2026: actual 1.29B USD, estimate 1.28B USD, surprise +0.91%, Beat. Q3 2026, reported Aug 12, 2026: actual 1.16B USD, estimate 1.23B USD, surprise -5.59%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 1.23B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$23.79

416.05% upside
Past 12 months12-month forecastHigh $23.7946Average $23.79Low $23.7946

Rating distribution

7 ratings
Strong buy00%
Buy229%
Hold457%
Sell114%
Strong sell00%

SBS news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.2301

2025 complete year+854.0% since 2005

2026 partial: $0.0318

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Mar 27, 2026

$0.167

Semi-Annual

Record Mar 27, 2026 · Payment May 11, 2026

Dividend

Ex-dividend Dec 29, 2025

$0.5299

Semi-Annual

Record Dec 29, 2025

Dividend

Ex-dividend May 2, 2025

$0.6568

Semi-Annual

Record May 2, 2025 · Payment May 30, 2025

Dividend

Ex-dividend Apr 26, 2024

$0.2652

Special

Record Apr 29, 2024 · Payment Jul 5, 2024

Dividend

Ex-dividend May 2, 2023

$0.2666

Irregular

Record May 3, 2023 · Payment Jul 6, 2023

Dividend

Ex-dividend Apr 29, 2022

$0.1791

Special

Record May 2, 2022 · Payment Jul 7, 2022

SBS peers

ETFs holding SBS

Funds reporting this stock among their holdings, ordered by reported position size.

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