RaizenBSP:RAIZ4 65 Capex-to-Operating-Income is 11.59 as of Dec. 2025, which is 1036% above its 10-year median of 1.02. GuruFocus rates BSP:RAIZ4 with a GF Score™ of 65/100 and a GF Value™ of R$2.81 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 248 Utilities - Independent Power Producers companies, Raizen ranks worse than 92.74% on this metric.
Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
Raizen's Capital Expenditure for the
three
months ended in Dec. 2025 was R$-2,174.68 Mil. Its Operating Income for the
three
months ended in Dec. 2025 was R$187.60 Mil.
Hence, Raizen's Capex-to-Operating-Income for the
three
months ended in Dec. 2025 was 11.59.
Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.
Raizen Capex-to-Operating-Income Related Terms
Raizen Capex-to-Operating-Income Historical Data
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The historical data trend for Raizen's Capex-to-Operating-Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Utilities - Renewable subindustry, Raizen's Capex-to-Operating-Income, along with its competitors' market caps and Capex-to-Operating-Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Raizen Capex-to-Operating-Income vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Raizen's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Raizen's Capex-to-Operating-Income falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Capex-to-Operating-Income of 11.59 mean?
Raizen (BSP:RAIZ4) has a Capex-to-Operating-Income of 11.59 as of Dec. 2025. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Raizen and its competitors. This is 1036% above median its historical median of 1.02. Over the past decade, Raizen's Capex-to-Operating-Income has ranged from 0.31 to 6.89. According to the industry distribution chart, Raizen ranks #230 out of 248 companies in the Utilities - Independent Power Producers industry, placing it in the top 92.7%.
Is Raizen's Capex-to-Operating-Income too high?
Raizen's current Capex-to-Operating-Income of 11.59 is 1036% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 6.89. The Utilities - Independent Power Producers industry median Capex-to-Operating-Income is 0.96. Raizen's value of 11.59 is 1107.3% above this industry median. Based on the distribution chart, Raizen ranks #230 out of 248 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Raizen has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Raizen's Capex-to-Operating-Income compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Raizen ranks #230 out of 248 companies for Capex-to-Operating-Income. This places Raizen in the lower half of its industry. The industry median Capex-to-Operating-Income is 0.96. Raizen's value of 11.59 is 1107.3% above this benchmark. Historically, Raizen's own Capex-to-Operating-Income has ranged from 0.31 to 6.89 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 0.96, Raizen has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Operating-Income for an Utilities - Independent Power Producers company?
The median Capex-to-Operating-Income among Utilities - Independent Power Producers companies is 0.96, based on 248 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Income significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Raizen's current Capex-to-Operating-Income of 11.59 is 1107.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Operating-Income mean?
A high Capex-to-Operating-Income can signal that a stock is expensive relative to its fundamentals. Capex to Operating Income ratio measures a company's investments in physical assets to its operating income. View historical data on Raizen and its competitors. For the Utilities - Independent Power Producers industry, the median Capex-to-Operating-Income is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raizen's current Capex-to-Operating-Income is 11.59, which is 1036% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Raizen stock overvalued right now?
Based on GuruFocus' analysis, Raizen (BSP:RAIZ4) is currently considered Possible Value Trap. The stock's GF Value™ is R$2.81, compared to a current price of R$0.42 — trading 85.1% below its estimated fair value. The current Capex-to-Operating-Income is 11.59, which is 1036% above median its 10-year median of 1.02 and 1107.3% above the Utilities - Independent Power Producers industry median of 0.96. Raizen's overall GF Score™ is 65/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Income calculated?
Capex-to-Operating-Income is calculated from a company's financial statements. For Raizen (BSP:RAIZ4), the current Capex-to-Operating-Income is 11.59 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Raizen (BSP:RAIZ4) Overvalued in 2026?
Based on GuruFocus' analysis, Raizen stock appears to be undervalued.
The current stock price of R$0.42 is trading 85.1% below its estimated GF Value™ of R$2.81.
GuruFocus considers Raizen to be Possible Value Trap.
Key valuation signals for BSP:RAIZ4:
Capex-to-Operating-Income: 11.59 (1036% above median its 10-year median of 1.02)
GF Value™: R$2.81 vs. price of R$0.42 (85.1% below fair value)
Industry Position: 1107.3% above the Utilities - Independent Power Producers median (#230 of 248)
No single metric tells the full story. See the BSP:RAIZ4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Raizen SA is an integrated energy company. Its operating model involves the production and sale of renewable energy and sugar from sugarcane to the delivery of this energy to different parts of the world. The Company's main activities are the distribution and sale of fossil and renewable fuels, the production and sale of automotive and industrial lubricants, oil refining, and operations related to convenience stores. The company operates in three reportable segments Mobility, Sugar and Renewables. The Marketing and Services segment refers to the trading and sale activities of fossil and renewable fuels and lubricants, through a franchised network of service stations under the Shell brand in all the national territory and Latin America, operating in Argentina and Paraguay.
65GF Score
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Capex-to-Operating-Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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