Sao Martinho (BSP:SMTO3) EBIT: R$1,338 Mil (TTM As of Mar. 2026)

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BSP:SMTO3 Sao Martinho SA BSP:SMTO3
83 GF Score
Price R$16.12
GF Value R$25.49
Valuation Possible Value Trap
! 8 Warning Signs
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What is Sao Martinho EBIT?

Sao Martinho BSP:SMTO3 -1.53% 83 EBIT is R$1,338 Mil as of Mar. 2026. GuruFocus rates BSP:SMTO3 with a GF Score™ of 83/100 and a GF Value™ of R$25.49 (Possible Value Trap). The stock has 8 warning signs investors should review.

Sao Martinho's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was R$420 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R$1,338 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sao Martinho's annualized ROC % for the quarter that ended in Mar. 2026 was 6.86%. Sao Martinho's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.62%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sao Martinho's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.22%.


Sao Martinho  (BSP:SMTO3) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sao Martinho's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1543.652 * ( 1 - 18.28% )/( (18680.34 + 18102.275)/ 2 )
=1261.4724144/18391.3075
=6.86 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=23139.359 - 1157.933 - ( 3301.086 - max(0, 2713.815 - 7793.148+3301.086))
=18680.34

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=23418.195 - 1113.019 - ( 4202.901 - max(0, 2764.398 - 7246.028+4202.901))
=18102.275

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Sao Martinho's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1678.568/( ( (10824.737 + max(2672.762, 0)) + (11756.95 + max(1343.261, 0)) )/ 2 )
=1678.568/( ( 13497.499 + 13100.211 )/ 2 )
=1678.568/13298.855
=12.62 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(415.238 + 3088.692 + 988.132) - (1157.933 + 0 + 661.367)
=2672.762

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(366.65 + 1791.496 + 884.981) - (1113.019 + 0 + 586.847)
=1343.261

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sao Martinho's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1337.652/10944.805
=12.22 %

* 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.


Sao Martinho EBIT Related Terms


Sao Martinho EBIT Historical Data

* Premium members only.

The historical data trend for Sao Martinho's EBIT 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.

Sao Martinho EBIT Chart

Sao Martinho Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,273.79 2,451.04 2,894.46 1,264.46 1,329.96

Sao Martinho Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 336.40 263.16 333.49 321.37 419.64

BSP:SMTO3 vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Sao Martinho's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Sao Martinho EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sao Martinho's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sao Martinho's EV-to-EBIT falls into.


BSP:SMTO3
83GF Score
Sao Martinho SA BSP:SMTO3
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sao Martinho EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1,338 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of R$1,338 Mil mean?
Sao Martinho (BSP:SMTO3) has a EBIT of R$1,338 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Sao Martinho.
Is Sao Martinho's EBIT too high?
Sao Martinho's current EBIT is R$1,338 Mil. Overall, Sao Martinho has a GF Score™ of 83/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sao Martinho's EBIT compare to LIN and SHW?
Sao Martinho's EBIT of R$1,338 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Chemicals company?
A good EBIT depends on the Chemicals industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Sao Martinho. Sao Martinho's current EBIT is R$1,338 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sao Martinho stock overvalued right now?
Based on GuruFocus' analysis, Sao Martinho (BSP:SMTO3) is currently considered Possible Value Trap. The stock's GF Value™ is R$25.49, compared to a current price of R$16.12 — trading 36.8% below its estimated fair value. The current EBIT is R$1,338 Mil. Sao Martinho's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Sao Martinho (BSP:SMTO3), the current EBIT is R$1,338 Mil as of Mar. 2026. 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 Sao Martinho (BSP:SMTO3) Overvalued in 2026?

Based on GuruFocus' analysis, Sao Martinho stock appears to be undervalued. The current stock price of R$16.12 is trading 36.8% below its estimated GF Value™ of R$25.49. GuruFocus considers Sao Martinho to be Possible Value Trap.

Key valuation signals for BSP:SMTO3:

  • EBIT: R$1,338 Mil
  • GF Value™: R$25.49 vs. price of R$16.12 (36.8% below fair value)
  • GF Score™: 83/100 with 8 warning signs

No single metric tells the full story. See the BSP:SMTO3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sao Martinho Business Description

Address Fazenda Sao Martinho, Pradopolis, SP, BRA, CEP 14850-000
Sao Martinho SA operates the following segments: sugar, ethanol, electricity, real estate ventures, Yeast, and other products. Sales of sugar and ethanol, both of which the company produces with sugar cane, comprise the vast majority of the company's revenue. Sao Martinho produces sugar and ethanol in its four Brazilian mills. The company derives its sugar cane mostly from its own plantations, agricultural partnerships, shareholders, and related companies. Sao Martinho exports most of its sugar, and it sells most of its ethanol domestically.
83GF Score

Get the complete analysis for BSP:SMTO3

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$16.12
Price
R$25.49
GF Value