COSAN SA -ADR (CSAN) Stock Fundamental Analysis
USA - NYSE:CSAN - US22113B1035 - ADR
4.63 USD
-0.02 (-0.43%)
4.63 USD
0 (0%)
Taking everything into account, CSAN scores 4 out of 10 in our fundamental rating. CSAN was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of CSAN have multiple concerns. CSAN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CSAN has reported negative net income.
In the past year CSAN had a positive cash flow from operations.
Of the past 5 years CSAN 4 years were profitable.
Each year in the past 5 years CSAN had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -8.64%, CSAN is doing worse than 81.99% of the companies in the same industry.
With a Return On Equity value of -139.63%, CSAN is not doing good in the industry: 90.52% of the companies in the same industry are doing better.
CSAN has a Return On Invested Capital of 4.54%. This is comparable to the rest of the industry: CSAN outperforms 40.76% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CSAN is significantly below the industry average of 21.71%.
The 3 year average ROIC (4.36%) for CSAN is below the current ROIC(4.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.64% | ||
| ROE | -139.63% | ||
| ROIC | 4.54% |
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 (15.03%) is comparable to the rest of the industry.
CSAN's Operating Margin has declined in the last couple of years.
CSAN has a Gross Margin (31.23%) which is comparable to the rest of the industry.
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 | 15.03% | ||
| PM (TTM) | N/A | ||
| GM | 31.23% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CSAN is destroying value.
Compared to 1 year ago, CSAN has less shares outstanding
CSAN has more shares outstanding than it did 5 years ago.
CSAN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.70, 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 0.70, CSAN is doing worse than 60.19% of the companies in the same industry.
The Debt to FCF ratio of CSAN is 15.71, which is on the high side as it means it would take CSAN, 15.71 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CSAN (15.71) is comparable to the rest of the industry.
A Debt/Equity ratio of 8.04 is on the high side and indicates that CSAN has dependencies on debt financing.
CSAN has a Debt to Equity ratio of 8.04. This is amonst the worse of the industry: CSAN underperforms 91.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.04 | ||
| Debt/FCF | 15.71 | ||
| Altman-Z | 0.7 |
ROIC/WACC0.69
WACC6.63%
2.3 Liquidity
CSAN has a Current Ratio of 2.13. This indicates that CSAN is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of CSAN (2.13) is better than 77.25% of its industry peers.
CSAN has a Quick Ratio of 1.98. This is a normal value and indicates that CSAN is financially healthy and should not expect problems in meeting its short term obligations.
CSAN's Quick ratio of 1.98 is fine compared to the rest of the industry. CSAN outperforms 78.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.13 | ||
| Quick Ratio | 1.98 |
3. Growth
3.1 Past
CSAN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -781.03%.
CSAN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.91%.
Measured over the past years, CSAN shows a very strong growth in Revenue. The Revenue has been growing by 26.51% on average per year.
EPS 1Y (TTM)-781.03%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-325%
Revenue 1Y (TTM)7.91%
Revenue growth 3Y20.84%
Revenue growth 5Y26.51%
Sales Q2Q%-2.02%
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 39.10% on average per year.
The Revenue is expected to grow by 0.14% on average over the next years.
EPS Next Y83.7%
EPS Next 2Y56.02%
EPS Next 3Y39.1%
EPS Next 5YN/A
Revenue Next Year-3.86%
Revenue Next 2Y-1.31%
Revenue Next 3Y0.14%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for CSAN. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 4.02, the valuation of CSAN can be described as very cheap.
Based on the Price/Forward Earnings ratio, CSAN is valued cheaper than 97.63% of the companies in the same industry.
CSAN is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.89, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 4.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CSAN is valued a bit cheaper than 71.56% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CSAN indicates a rather cheap valuation: CSAN is cheaper than 95.73% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.7 | ||
| EV/EBITDA | 5.53 |
4.3 Compensation for Growth
CSAN's 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 39.10% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y56.02%
EPS Next 3Y39.1%
5. Dividend
5.1 Amount
CSAN has a Yearly Dividend Yield of 2.44%.
CSAN's Dividend Yield is comparable with the industry average which is at 6.01.
CSAN's Dividend Yield is comparable with the S&P500 average which is at 2.42.
| 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
CSAN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
CSAN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-34.2%
EPS Next 2Y56.02%
EPS Next 3Y39.1%
4.63
-0.02 (-0.43%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners20.74%
Inst Owner Change-11.23%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.15B
Analysts81.18
Price Target6.49 (40.17%)
Short Float %0.81%
Short Ratio1.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.44% |
Yearly Dividend1.38
Dividend Growth(5Y)25.09%
DP-34.2%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1156.63%
Min EPS beat(2)-1285.85%
Max EPS beat(2)-1027.4%
EPS beat(4)0
Avg EPS beat(4)-602.93%
Min EPS beat(4)-1285.85%
Max EPS beat(4)-29.45%
EPS beat(8)1
Avg EPS beat(8)-301.04%
EPS beat(12)2
Avg EPS beat(12)-215.53%
EPS beat(16)5
Avg EPS beat(16)-146.46%
Revenue beat(2)0
Avg Revenue beat(2)-75.62%
Min Revenue beat(2)-76.92%
Max Revenue beat(2)-74.31%
Revenue beat(4)0
Avg Revenue beat(4)-73.89%
Min Revenue beat(4)-76.92%
Max Revenue beat(4)-72.08%
Revenue beat(8)0
Avg Revenue beat(8)-48.87%
Revenue beat(12)0
Avg Revenue beat(12)-51.59%
Revenue beat(16)0
Avg Revenue beat(16)-57.63%
PT rev (1m)19.06%
PT rev (3m)-8.49%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-67.53%
EPS NY rev (1m)-138.61%
EPS NY rev (3m)-132.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.67%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-7.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 4.02 | ||
| P/S | 0.26 | ||
| P/FCF | 2.7 | ||
| P/OCF | 0.9 | ||
| P/B | 1.46 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.53 |
EPS(TTM)-3.54
EYN/A
EPS(NY)1.15
Fwd EY24.88%
FCF(TTM)1.71
FCFY37.03%
OCF(TTM)5.17
OCFY111.58%
SpS17.58
BVpS3.17
TBVpS-7.51
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -8.64% | ||
| ROE | -139.63% | ||
| ROCE | 5.75% | ||
| ROIC | 4.54% | ||
| ROICexc | 5.37% | ||
| ROICexgc | 7.41% | ||
| OM | 15.03% | ||
| PM (TTM) | N/A | ||
| GM | 31.23% | ||
| FCFM | 9.75% |
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%
ROICexcg growth 3Y5.58%
ROICexcg 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 Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.04 | ||
| Debt/FCF | 15.71 | ||
| Debt/EBITDA | 6.04 | ||
| Cap/Depr | 218.77% | ||
| Cap/Sales | 19.64% | ||
| Interest Coverage | 1.22 | ||
| Cash Conversion | 122.45% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.13 | ||
| Quick Ratio | 1.98 | ||
| Altman-Z | 0.7 |
F-Score6
WACC6.63%
ROIC/WACC0.69
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)-781.03%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-325%
EPS Next Y83.7%
EPS Next 2Y56.02%
EPS Next 3Y39.1%
EPS Next 5YN/A
Revenue 1Y (TTM)7.91%
Revenue growth 3Y20.84%
Revenue growth 5Y26.51%
Sales Q2Q%-2.02%
Revenue Next Year-3.86%
Revenue Next 2Y-1.31%
Revenue Next 3Y0.14%
Revenue Next 5YN/A
EBIT growth 1Y-17.38%
EBIT growth 3Y24.77%
EBIT growth 5Y21.84%
EBIT Next Year104.25%
EBIT Next 3Y34.35%
EBIT Next 5YN/A
FCF growth 1Y-22.73%
FCF growth 3Y65.47%
FCF growth 5Y21.36%
OCF growth 1Y22.65%
OCF growth 3Y35.81%
OCF growth 5Y36.03%