Cosan S.A.
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
0.610.58
Price/Sales ratio
0.050.05
Earnings per Share (EPS)
$6.33$6.72

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
58.1337.9720.0916.2814.8410.2836.696.3411.43130.2527.8014.84
Price/Sales ratio
2.082.992.762.792.381.832.331.600.813.611.481.83
Price/Book Value ratio
1.922.862.322.262.472.365.992.711.566.803.122.47
Price/Cash Flow ratio
16.9713.589.3111.949.108.8814.717.663.2313.876.288.88
Price/Free Cash Flow ratio
625.5420.1711.9315.4711.8912.5428.9234.655.9235.5621.5911.89
Price/Earnings Growth ratio
0.310.370.250.650.510.20-0.570.01-0.20-1.44-0.370.20
Dividend Yield
4.79%2.56%9.12%5.78%4.26%3.78%2.42%4.59%5.91%1.81%6.44%4.26%
Profitability Indicator Ratios
Gross Profit Margin
28.76%29.91%39.18%34.21%25.29%29.29%27.33%25.45%22.60%27.66%30.06%25.29%
Operating Profit Margin
18.22%21.63%39.04%38.21%31.95%26.12%19.08%34.94%14.93%17.43%8.35%26.12%
Pretax Profit Margin
6.58%10.66%19.69%25.65%23.50%23.60%8.63%23.68%6.80%12.95%5.51%23.60%
Net Profit Margin
3.58%7.88%13.73%17.14%16.04%17.88%6.36%25.34%7.09%2.77%5.35%17.88%
Effective Tax Rate
-2.70%-7.42%4.05%23.25%21.36%22.76%22.10%-7.63%-4.38%5.36%-7.70%22.76%
Return on Assets
1.07%2.19%3.79%4.60%5.73%7.37%1.02%6.45%2.09%0.78%1.54%7.37%
Return On Equity
3.31%7.53%11.55%13.92%16.64%22.98%16.33%42.82%13.65%5.22%10.99%22.98%
Return on Capital Employed
6.04%6.76%12.22%12.44%13.27%13.26%3.62%10.25%5%5.56%2.72%13.26%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.85N/A
Quick Ratio
1.201.411.841.481.781.751.792.011.501.651.721.75
Cash ratio
0.600.931.230.630.670.981.081.240.840.900.860.67
Days of Sales Outstanding
48.4847.0157.9264.8272.4459.0243.9066.8755.5831.8053.6859.02
Days of Inventory outstanding
21.8826.5627.5427.5421.4820.5134.7722.5922.1822.9127.8621.48
Operating Cycle
70.3673.5785.4792.3793.9379.5478.6889.4677.7654.7281.5579.54
Days of Payables Outstanding
61.0895.19116.78130.5969.8363.8397.7963.9551.2550.1156.4163.83
Cash Conversion Cycle
9.28-21.61-31.31-38.2224.0915.71-19.1125.5126.514.6025.1424.09
Debt Ratios
Debt Ratio
0.270.380.330.330.340.400.500.460.390.400.420.34
Debt Equity Ratio
0.831.331.011.021.001.268.033.092.562.713.111.00
Long-term Debt to Capitalization
0.420.540.470.460.460.500.870.730.700.710.740.46
Total Debt to Capitalization
0.450.570.500.500.500.550.880.750.710.730.750.50
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.54N/A
Cash Flow to Debt Ratio
0.130.150.240.180.270.210.050.110.180.180.150.21
Company Equity Multiplier
3.073.433.043.022.893.1115.916.636.516.677.262.89
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.120.220.290.230.260.200.150.200.250.260.230.23
Free Cash Flow / Operating Cash Flow Ratio
0.020.670.780.770.760.700.500.220.540.390.290.70
Cash Flow Coverage Ratio
0.130.150.240.180.270.210.050.110.180.180.150.21
Short Term Coverage Ratio
1.161.512.381.112.311.180.431.232.192.102.182.18
Dividend Payout Ratio
278.90%97.56%183.38%94.22%63.25%38.96%89.00%29.17%67.64%235.97%167.30%63.25%