COSAN SA -ADR (CSAN) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CSAN - US22113B1035 - ADR
4.85 USD
-0.08 (-1.62%)
4.94 USD
+0.09 (+1.86%)
Overall CSAN gets a fundamental rating of 4 out of 10. We evaluated CSAN against 121 industry peers in the Specialty Retail industry. While CSAN is still in line with the averages on profitability rating, there are concerns on its financial health. CSAN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
CSAN had negative earnings in the past year.
In the past year CSAN had a positive cash flow from operations.
Of the past 5 years CSAN 4 years were profitable.
CSAN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CSAN (-9.31%) is worse than 72.73% of its industry peers.
With a Return On Equity value of -163.24%, CSAN is not doing good in the industry: 74.38% of the companies in the same industry are doing better.
CSAN has a Return On Invested Capital of 6.48%. This is in the better half of the industry: CSAN outperforms 61.16% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CSAN is significantly below the industry average of 12.26%.
The 3 year average ROIC (4.36%) for CSAN is below the current ROIC(6.48%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.31% | ||
| ROE | -163.24% | ||
| ROIC | 6.48% |
ROA(3y)-1.67%
ROA(5y)0.73%
ROE(3y)-25.17%
ROE(5y)-5.22%
ROIC(3y)4.36%
ROIC(5y)4.21%
1.3 Margins
The Operating Margin of CSAN (20.98%) is better than 98.35% of its industry peers.
CSAN's Operating Margin has declined in the last couple of years.
CSAN's Gross Margin of 31.48% is on the low side compared to the rest of the industry. CSAN is outperformed by 61.98% of its industry peers.
In the last couple of years the Gross Margin of CSAN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.98% | ||
| PM (TTM) | N/A | ||
| GM | 31.48% |
OM growth 3Y3.25%
OM growth 5Y-3.69%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.35%
GM growth 5Y1.27%
2. Health
2.1 Basic Checks
CSAN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CSAN has less shares outstanding
Compared to 5 years ago, CSAN has more shares outstanding
CSAN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.86, we must say that CSAN is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.86, CSAN is doing worse than 71.90% of the companies in the same industry.
The Debt to FCF ratio of CSAN is 17.68, which is on the high side as it means it would take CSAN, 17.68 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CSAN (17.68) is comparable to the rest of the industry.
A Debt/Equity ratio of 8.61 is on the high side and indicates that CSAN has dependencies on debt financing.
The Debt to Equity ratio of CSAN (8.61) is worse than 80.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.61 | ||
| Debt/FCF | 17.68 | ||
| Altman-Z | 0.86 |
ROIC/WACC0.82
WACC7.92%
2.3 Liquidity
CSAN has a Current Ratio of 1.83. This is a normal value and indicates that CSAN is financially healthy and should not expect problems in meeting its short term obligations.
CSAN has a Current ratio of 1.83. This is amongst the best in the industry. CSAN outperforms 80.99% of its industry peers.
A Quick Ratio of 1.68 indicates that CSAN should not have too much problems paying its short term obligations.
CSAN has a Quick ratio of 1.68. This is amongst the best in the industry. CSAN outperforms 87.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.68 |
3. Growth
3.1 Past
CSAN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -872.35%.
CSAN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.36%.
The Revenue has been growing by 26.51% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-872.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-526.67%
Revenue 1Y (TTM)11.36%
Revenue growth 3Y20.84%
Revenue growth 5Y26.51%
Sales Q2Q%-8.43%
3.2 Future
Based on estimates for the next years, CSAN will show a very strong growth in Earnings Per Share. The EPS will grow by 36.03% on average per year.
Based on estimates for the next years, CSAN will show a small growth in Revenue. The Revenue will grow by 2.59% on average per year.
EPS Next Y73.79%
EPS Next 2Y53.09%
EPS Next 3Y36.03%
EPS Next 5YN/A
Revenue Next Year-3.12%
Revenue Next 2Y-1.25%
Revenue Next 3Y0.37%
Revenue Next 5Y2.59%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CSAN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 16.69, CSAN is valued correctly.
CSAN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CSAN is cheaper than 67.77% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of CSAN to the average of the S&P500 Index (23.52), we can say CSAN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 16.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CSAN is valued a bit cheaper than 75.21% of the companies in the same industry.
86.78% of the companies in the same industry are more expensive than CSAN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.04 | ||
| EV/EBITDA | 6.57 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CSAN's earnings are expected to grow with 36.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y53.09%
EPS Next 3Y36.03%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.44%, CSAN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.67, CSAN pays a better dividend. On top of this CSAN pays more dividend than 84.30% of the companies listed in the same industry.
CSAN's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
5.2 History
The dividend of CSAN is nicely growing with an annual growth rate of 25.09%!
CSAN has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)25.09%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of CSAN are negative and hence is the payout ratio. CSAN will probably not be able to sustain this dividend level.
The dividend of CSAN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-25.08%
EPS Next 2Y53.09%
EPS Next 3Y36.03%
4.85
-0.08 (-1.62%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners10.43%
Inst Owner Change2.52%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap7.00B
Revenue(TTM)43.95B
Net Income(TTM)-11.74B
Analysts78.82
Price Target6.07 (25.15%)
Short Float %0.97%
Short Ratio4.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
Yearly Dividend0.45
Dividend Growth(5Y)25.09%
DP-25.08%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-812.09%
Min EPS beat(2)-1027.4%
Max EPS beat(2)-596.78%
EPS beat(4)0
Avg EPS beat(4)-744.76%
Min EPS beat(4)-1285.85%
Max EPS beat(4)-69.01%
EPS beat(8)1
Avg EPS beat(8)-367.61%
EPS beat(12)2
Avg EPS beat(12)-257.65%
EPS beat(16)4
Avg EPS beat(16)-198.12%
Revenue beat(2)0
Avg Revenue beat(2)-75.19%
Min Revenue beat(2)-76.92%
Max Revenue beat(2)-73.47%
Revenue beat(4)0
Avg Revenue beat(4)-74.24%
Min Revenue beat(4)-76.92%
Max Revenue beat(4)-72.24%
Revenue beat(8)0
Avg Revenue beat(8)-55.64%
Revenue beat(12)0
Avg Revenue beat(12)-51.45%
Revenue beat(16)0
Avg Revenue beat(16)-57.72%
PT rev (1m)14.36%
PT rev (3m)11.24%
EPS NQ rev (1m)-36.38%
EPS NQ rev (3m)-70.56%
EPS NY rev (1m)36.38%
EPS NY rev (3m)-23.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.34%
Revenue NY rev (3m)0.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 16.69 | ||
| P/S | 0.87 | ||
| P/FCF | 10.04 | ||
| P/OCF | 3 | ||
| P/B | 5.27 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.57 |
EPS(TTM)-1.31
EYN/A
EPS(NY)0.29
Fwd EY5.99%
FCF(TTM)0.48
FCFY9.96%
OCF(TTM)1.62
OCFY33.31%
SpS5.57
BVpS0.92
TBVpS-2.47
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.31% | ||
| ROE | -163.24% | ||
| ROCE | 8.21% | ||
| ROIC | 6.48% | ||
| ROICexc | 7.59% | ||
| ROICexgc | 10.52% | ||
| OM | 20.98% | ||
| PM (TTM) | N/A | ||
| GM | 31.48% | ||
| FCFM | 8.67% |
ROA(3y)-1.67%
ROA(5y)0.73%
ROE(3y)-25.17%
ROE(5y)-5.22%
ROIC(3y)4.36%
ROIC(5y)4.21%
ROICexc(3y)5.12%
ROICexc(5y)5.21%
ROICexgc(3y)6.64%
ROICexgc(5y)7.56%
ROCE(3y)5.52%
ROCE(5y)5.33%
ROICexgc growth 3Y5.58%
ROICexgc growth 5Y-20.62%
ROICexc growth 3Y6.6%
ROICexc growth 5Y-13.61%
OM growth 3Y3.25%
OM growth 5Y-3.69%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.35%
GM growth 5Y1.27%
F-Score6
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.61 | ||
| Debt/FCF | 17.68 | ||
| Debt/EBITDA | 4.71 | ||
| Cap/Depr | 221.51% | ||
| Cap/Sales | 20.32% | ||
| Interest Coverage | 1.74 | ||
| Cash Conversion | 96.15% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.68 | ||
| Altman-Z | 0.86 |
F-Score6
WACC7.92%
ROIC/WACC0.82
Cap/Depr(3y)179.81%
Cap/Depr(5y)178.28%
Cap/Sales(3y)15.09%
Cap/Sales(5y)13.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-872.35%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-526.67%
EPS Next Y73.79%
EPS Next 2Y53.09%
EPS Next 3Y36.03%
EPS Next 5YN/A
Revenue 1Y (TTM)11.36%
Revenue growth 3Y20.84%
Revenue growth 5Y26.51%
Sales Q2Q%-8.43%
Revenue Next Year-3.12%
Revenue Next 2Y-1.25%
Revenue Next 3Y0.37%
Revenue Next 5Y2.59%
EBIT growth 1Y48.56%
EBIT growth 3Y24.77%
EBIT growth 5Y21.84%
EBIT Next Year102.33%
EBIT Next 3Y32.61%
EBIT Next 5Y17.37%
FCF growth 1Y-35.46%
FCF growth 3Y65.47%
FCF growth 5Y21.36%
OCF growth 1Y14.86%
OCF growth 3Y35.81%
OCF growth 5Y36.03%
COSAN SA -ADR / CSAN FAQ
What is the ChartMill fundamental rating of COSAN SA -ADR (CSAN) stock?
ChartMill assigns a fundamental rating of 4 / 10 to CSAN.
What is the valuation status of COSAN SA -ADR (CSAN) stock?
ChartMill assigns a valuation rating of 5 / 10 to COSAN SA -ADR (CSAN). This can be considered as Fairly Valued.
Can you provide the profitability details for COSAN SA -ADR?
COSAN SA -ADR (CSAN) has a profitability rating of 4 / 10.
Can you provide the expected EPS growth for CSAN stock?
The Earnings per Share (EPS) of COSAN SA -ADR (CSAN) is expected to grow by 73.79% in the next year.