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Also traded in: Brazil, Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash-to-Debt 0.17
SBS's Cash-to-Debt is ranked lower than
59% of the 616 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 0.25 vs. SBS: 0.17 )
Ranked among companies with meaningful Cash-to-Debt only.
SBS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.2 Max: No Debt
Current: 0.17
Equity-to-Asset 0.43
SBS's Equity-to-Asset is ranked higher than
60% of the 623 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 0.37 vs. SBS: 0.43 )
Ranked among companies with meaningful Equity-to-Asset only.
SBS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39  Med: 0.46 Max: 0.55
Current: 0.43
0.39
0.55
Interest Coverage 8.79
SBS's Interest Coverage is ranked higher than
64% of the 604 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 4.87 vs. SBS: 8.79 )
Ranked among companies with meaningful Interest Coverage only.
SBS' s Interest Coverage Range Over the Past 10 Years
Min: 2.52  Med: 4.68 Max: 8.27
Current: 8.79
2.52
8.27
Piotroski F-Score: 9
Altman Z-Score: 1.49
Beneish M-Score: -2.56
WACC vs ROIC
5.54%
10.59%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating Margin % 26.20
SBS's Operating Margin % is ranked higher than
79% of the 631 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 13.94 vs. SBS: 26.20 )
Ranked among companies with meaningful Operating Margin % only.
SBS' s Operating Margin % Range Over the Past 10 Years
Min: 17.04  Med: 25.68 Max: 28.95
Current: 26.2
17.04
28.95
Net Margin % 20.46
SBS's Net Margin % is ranked higher than
83% of the 630 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 7.76 vs. SBS: 20.46 )
Ranked among companies with meaningful Net Margin % only.
SBS' s Net Margin % Range Over the Past 10 Years
Min: 4.58  Med: 17.28 Max: 20.9
Current: 20.46
4.58
20.9
ROE % 19.56
SBS's ROE % is ranked higher than
86% of the 628 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 8.61 vs. SBS: 19.56 )
Ranked among companies with meaningful ROE % only.
SBS' s ROE % Range Over the Past 10 Years
Min: 3.97  Med: 13.86 Max: 20.23
Current: 19.56
3.97
20.23
ROA % 8.42
SBS's ROA % is ranked higher than
88% of the 643 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 2.98 vs. SBS: 8.42 )
Ranked among companies with meaningful ROA % only.
SBS' s ROA % Range Over the Past 10 Years
Min: 1.67  Med: 6.36 Max: 8.37
Current: 8.42
1.67
8.37
ROC (Joel Greenblatt) % 1549.95
SBS's ROC (Joel Greenblatt) % is ranked higher than
98% of the 641 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 10.07 vs. SBS: 1549.95 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
SBS' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 14.1  Med: 752.92 Max: 5761.35
Current: 1549.95
14.1
5761.35
3-Year Revenue Growth Rate 7.60
SBS's 3-Year Revenue Growth Rate is ranked higher than
72% of the 575 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 0.40 vs. SBS: 7.60 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SBS' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 2.9  Med: 8.6 Max: 16.4
Current: 7.6
2.9
16.4
3-Year EBITDA Growth Rate 14.30
SBS's 3-Year EBITDA Growth Rate is ranked higher than
70% of the 539 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 4.90 vs. SBS: 14.30 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
SBS' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -16.8  Med: 4.9 Max: 14.3
Current: 14.3
-16.8
14.3
3-Year EPS without NRI Growth Rate 15.30
SBS's 3-Year EPS without NRI Growth Rate is ranked higher than
70% of the 491 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 3.80 vs. SBS: 15.30 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
SBS' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -50.7  Med: 11.8 Max: 93.2
Current: 15.3
-50.7
93.2
GuruFocus has detected 7 Warning Signs with Companhia De Saneamento Basico Do Estado De Sao Pa $SBS.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» SBS's 30-Y Financials

Financials (Next Earnings Date: 2017-11-10 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

SBS Guru Trades in Q2 2016

RS Investment Management 402,200 sh (New)
Lee Ainslie 170,950 sh (New)
Jim Simons 2,038,600 sh (+316.89%)
Paul Singer 8,102,584 sh (-49.02%)
Jeremy Grantham 11,000 sh (-99.89%)
Charles Brandes 13,112 sh (-99.90%)
» More
Q3 2016

SBS Guru Trades in Q3 2016

NWQ Managers 10,431 sh (New)
Joel Greenblatt 11,282 sh (New)
Jim Simons 2,412,800 sh (+18.36%)
Jeremy Grantham 11,000 sh (unchged)
Paul Singer Sold Out
Charles Brandes Sold Out
Lee Ainslie Sold Out
» More
Q4 2016

SBS Guru Trades in Q4 2016

Jeremy Grantham 13,100 sh (+19.09%)
Joel Greenblatt 11,935 sh (+5.79%)
NWQ Managers 10,431 sh (unchged)
Jim Simons 2,364,700 sh (-1.99%)
» More
Q1 2017

SBS Guru Trades in Q1 2017

Sarah Ketterer 1,730,972 sh (New)
Jeremy Grantham 20,100 sh (+53.44%)
Jim Simons 2,729,500 sh (+15.43%)
NWQ Managers 10,431 sh (unchged)
Joel Greenblatt 11,878 sh (-0.48%)
» More
» Details

Insider Trades

Latest Guru Trades with SBS

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Utilities - Regulated » Utilities - Regulated Water    NAICS: 221320    SIC: 4952
Compare:BSP:CSMG3, BSP:SAPR3 » details
Traded in other countries:SBSP3.Brazil, SAJA.Germany, SBS N.Mexico,
Headquarter Location:Brazil
Companhia De Saneamento Basico Do Estado De Sao Paulo is a Brazilian water and waste management company. It provides water and sewage services to residential, commercial, industrial and governmental customers.

Companhia De Saneamento Basico Do Estado De Sao Paulo is a Brazilian water and waste management company. SABESP is one of the largest waste management companies in the world, and the state of Sao Paulo is the company's majority stakeholder. The company operates through its water and sewage segments, providing services for residential, commercial, and industrial consumers in Sao Paulo and other municipalities within the state. The company derives the majority of its revenue from the Sao Paulo metropolitan region and water services segment and secondarily from its regional systems and sewage services segment.

Guru Investment Theses on Companhia De Saneamento Basico Do Estado De Sao Pa

Brandes Funds Comments on Companhia de Saneamento Basico do Estado de Sao Paulo - Aug 24, 2016

We’ve highlighted our investment in SABESP (NYSE:SBS) in past commentaries when economic fear in Brazil, coupled with a severe drought, brought the market valuation for the company down to what we considered attractive levels. However, there have been a number of incremental positives for SABESP over the past year, including:



  • Rainfall: Thanks to the long-awaited rainfall, the water reservoirs in Sao Paolo region have improved—albeit still low—from the critical levels observed a year ago.

  • Lower financial leverage: More favorable investor sentiment in Brazil and the real’s appreciation against the U.S. dollar have helped SABESP reduce its financial leverage ratios as the company has exposure to foreign currency-denominated debt.

  • Increased market appreciation: In contrast to when we first purchased the company, the market now seems to give more credit to SABESP’s defensive nature as a water utility with an inelastic demand and a fair regulator.

As a result of these factors, in what was a surprisingly quick turnaround, SABESP’s share price appreciated to a level where the offered fundamental value was no longer attractive in the opinion of the investment committee.





From Brandes' Emerging Markets Fund second quarter 2016 commentary.



Check out Charles Brandes latest stock trades

Brandes Investment Trust Comments on Companhia de Saneamento Basico de Estado de São Paulo - Dec 04, 2015

During the quarter, we also took advantage of the decline in Brazilian equities to selectively add to a number of our positions there, including in government-owned water utility Companhia de Saneamento Basico de Estado de São Paulo (Sabesp) (NYSE:SBS).



Sabesp provides public water and sewage services to a broad range of customers in São Paulo, Brazil’s richest and most populous state. São Paulo has recently been grappling with the worst drought in 80 years. Water levels in the Cantareira system of reservoirs, which normally supplies roughly half of the 20 million residents, have fallen to just 5% of capacity. In our view, the necessary cutbacks on water deliveries will result in Sabesp earning below its regulated rate of return. This will likely continue until the drought is over or the company is able to supplement the state’s water supply. While the investment committee cannot predict the weather, we feel that Sabesp remains an attractive investment opportunity that merits a continued inclusion in the Fund.



Year-to-Date 2015 Briefing



Year to date through September 30, 2015, the Brandes Emerging Markets Value Fund underperformed the MSCI Emerging Markets Index, which declined 15.2%.



Holdings in Brazil, namely Petrobras, Sabesp and Banco do Brasil, were the main detractors for the nine-month period. As was the case for the quarter, Copa Holdings, POSCO, and XL Axiata negatively impacted returns for the year. Moreover, while our underweight to Chinese companies aided returns in the quarter, it weighed on performance relative to the benchmark for the year to date.





From Brandes Emerging Markets Value Fund 3rd quarter commentary.



Check out Charles Brandes latest stock trades

Top Ranked Articles about Companhia De Saneamento Basico Do Estado De Sao Pa

Sabesp - Notice To Shareholders: Payment Of Interest On Own Capital
Sarah Ketterer Gains 4 Stocks in 1st Quarter Guru releases quarterly portfolio
Causeway Capital Management’s Sarah Ketterer (Trades, Portfolio) gained four new stocks in the first quarter. They are Canadian Pacific Railway Ltd. (NYSE:CP), Flowserve Corp. (NYSE:FLS), Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) and SodaStream International Ltd. (NASDAQ:SODA). Read more...
Notice To The Market
Material Fact
Material Fact
Sabesp Announces 1Q17 Results
Second Ordinary Tariff Revision of Sabesp
Second Ordinary Tariff Revision of Sabesp
Sabesp's Second Ordinary Tariff Revision - New Schedule
Charles Brandes' Top Performing Stocks Guru's holdings with the highest returns year to date
Charles Brandes (Trades, Portfolio) is the chairman of Brandes Investment Partners. He started the firm in 1974 and manages multiple portfolios, including the U.S. Equity and Global Equity. The following are the top performers of his most recent investments. Read more...

Ratios

vs
industry
vs
history
PE Ratio 8.00
SBS's PE Ratio is ranked higher than
87% of the 546 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 17.55 vs. SBS: 8.00 )
Ranked among companies with meaningful PE Ratio only.
SBS' s PE Ratio Range Over the Past 10 Years
Min: 0.84  Med: 7.84 Max: 127.28
Current: 8
0.84
127.28
PE Ratio without NRI 8.00
SBS's PE Ratio without NRI is ranked higher than
88% of the 546 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 17.75 vs. SBS: 8.00 )
Ranked among companies with meaningful PE Ratio without NRI only.
SBS' s PE Ratio without NRI Range Over the Past 10 Years
Min: 0.82  Med: 7.97 Max: 128.13
Current: 8
0.82
128.13
Price-to-Owner-Earnings 16.13
SBS's Price-to-Owner-Earnings is ranked higher than
63% of the 289 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 18.82 vs. SBS: 16.13 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
SBS' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.83  Med: 25.59 Max: 292.7
Current: 16.13
5.83
292.7
PB Ratio 1.49
SBS's PB Ratio is ranked higher than
59% of the 624 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.62 vs. SBS: 1.49 )
Ranked among companies with meaningful PB Ratio only.
SBS' s PB Ratio Range Over the Past 10 Years
Min: 0.44  Med: 1 Max: 1.89
Current: 1.49
0.44
1.89
PS Ratio 1.64
SBS's PS Ratio is ranked higher than
54% of the 625 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.69 vs. SBS: 1.64 )
Ranked among companies with meaningful PS Ratio only.
SBS' s PS Ratio Range Over the Past 10 Years
Min: 0.63  Med: 1.27 Max: 2.02
Current: 1.64
0.63
2.02
Price-to-Free-Cash-Flow 30.65
SBS's Price-to-Free-Cash-Flow is ranked lower than
70% of the 231 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 15.15 vs. SBS: 30.65 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
SBS' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 3.06  Med: 25.91 Max: 118.34
Current: 30.65
3.06
118.34
Price-to-Operating-Cash-Flow 7.89
SBS's Price-to-Operating-Cash-Flow is ranked higher than
58% of the 392 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 7.87 vs. SBS: 7.89 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SBS' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.18  Med: 4.81 Max: 9.06
Current: 7.89
2.18
9.06
EV-to-EBIT 7.02
SBS's EV-to-EBIT is ranked higher than
85% of the 575 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 14.57 vs. SBS: 7.02 )
Ranked among companies with meaningful EV-to-EBIT only.
SBS' s EV-to-EBIT Range Over the Past 10 Years
Min: 2.4  Med: 6.9 Max: 55.5
Current: 7.02
2.4
55.5
EV-to-EBITDA 5.62
SBS's EV-to-EBITDA is ranked higher than
81% of the 593 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 10.35 vs. SBS: 5.62 )
Ranked among companies with meaningful EV-to-EBITDA only.
SBS' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.9  Med: 5.5 Max: 14.5
Current: 5.62
1.9
14.5
PEG Ratio 1.90
SBS's PEG Ratio is ranked higher than
63% of the 297 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 2.60 vs. SBS: 1.90 )
Ranked among companies with meaningful PEG Ratio only.
SBS' s PEG Ratio Range Over the Past 10 Years
Min: 0.06  Med: 1.06 Max: 13.81
Current: 1.9
0.06
13.81
Shiller PE Ratio 14.85
SBS's Shiller PE Ratio is ranked higher than
82% of the 221 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 23.28 vs. SBS: 14.85 )
Ranked among companies with meaningful Shiller PE Ratio only.
SBS' s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.06  Med: 6.01 Max: 14.84
Current: 14.85
3.06
14.84
Current Ratio 0.91
SBS's Current Ratio is ranked lower than
61% of the 636 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.06 vs. SBS: 0.91 )
Ranked among companies with meaningful Current Ratio only.
SBS' s Current Ratio Range Over the Past 10 Years
Min: 0.59  Med: 0.92 Max: 1.35
Current: 0.91
0.59
1.35
Quick Ratio 0.90
SBS's Quick Ratio is ranked lower than
55% of the 636 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 0.97 vs. SBS: 0.90 )
Ranked among companies with meaningful Quick Ratio only.
SBS' s Quick Ratio Range Over the Past 10 Years
Min: 0.57  Med: 0.91 Max: 1.33
Current: 0.9
0.57
1.33
Days Inventory 2.24
SBS's Days Inventory is ranked higher than
88% of the 549 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 21.15 vs. SBS: 2.24 )
Ranked among companies with meaningful Days Inventory only.
SBS' s Days Inventory Range Over the Past 10 Years
Min: 2.44  Med: 2.93 Max: 6.91
Current: 2.24
2.44
6.91
Days Sales Outstanding 39.44
SBS's Days Sales Outstanding is ranked higher than
68% of the 454 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 49.54 vs. SBS: 39.44 )
Ranked among companies with meaningful Days Sales Outstanding only.
SBS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 35.4  Med: 41.15 Max: 73.84
Current: 39.44
35.4
73.84
Days Payable 8.06
SBS's Days Payable is ranked lower than
93% of the 404 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 64.35 vs. SBS: 8.06 )
Ranked among companies with meaningful Days Payable only.
SBS' s Days Payable Range Over the Past 10 Years
Min: 10.96  Med: 16.13 Max: 36.7
Current: 8.06
10.96
36.7

Buy Back

vs
industry
vs
history
3-Year Dividend Growth Rate -34.60
SBS's 3-Year Dividend Growth Rate is ranked lower than
87% of the 371 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 4.00 vs. SBS: -34.60 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
SBS' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 19.4
Current: -34.6
0
19.4
5-Year Yield-on-Cost % 6.63
SBS's 5-Year Yield-on-Cost % is ranked higher than
74% of the 1098 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 4.23 vs. SBS: 6.63 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SBS' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.65  Med: 3.06 Max: 7.09
Current: 6.63
0.65
7.09

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 1.46
SBS's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
57% of the 338 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.58 vs. SBS: 1.46 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SBS' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.29  Med: 0.89 Max: 1.36
Current: 1.46
0.29
1.36
Price-to-Intrinsic-Value-DCF (Earnings Based) 0.75
SBS's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked higher than
86% of the 59 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.68 vs. SBS: 0.75 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 1.29
SBS's Price-to-Median-PS-Value is ranked lower than
51% of the 592 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 1.13 vs. SBS: 1.29 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SBS' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.42  Med: 0.81 Max: 1.56
Current: 1.29
0.42
1.56
Earnings Yield (Greenblatt) % 14.25
SBS's Earnings Yield (Greenblatt) % is ranked higher than
87% of the 644 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 6.48 vs. SBS: 14.25 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SBS' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.8  Med: 14.4 Max: 41.5
Current: 14.25
1.8
41.5
Forward Rate of Return (Yacktman) % 2.48
SBS's Forward Rate of Return (Yacktman) % is ranked lower than
54% of the 410 Companies
in the Global Utilities - Regulated Water industry.

( Industry Median: 3.94 vs. SBS: 2.48 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
SBS' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -6.7  Med: 9.75 Max: 38.6
Current: 2.48
-6.7
38.6

More Statistics

Revenue (TTM) (Mil) $4,452.38
EPS (TTM) $ 1.33
Beta1.68
Short Percentage of Float0.00%
52-Week Range $7.76 - 11.33
Shares Outstanding (Mil)683.51 (ADR)

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