Companhia De Saneamento Basico Do Estado De Sao PAULO-SABESP (SBS) intrinsic value & 10-year financials
Companhia De Saneamento Basico Do Estado De Sao PAULO-SABESP (SBS) has a Graham intrinsic value of $48.08 per share. Over the last 10 fiscal years revenue grew 13.3% a year to $36.1B, with an average return on invested capital of 8.5%.
- Graham intrinsic value
- $48.08
- Revenue (FY2024)
- $36.1B
- Revenue growth (10-yr CAGR)
- 13.3%
- ROIC (10-yr avg)
- 8.5%
- Free cash flow (FY2024)
- $7.3B
SBS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $36.1B | $9.6B | — | $7.3B | — | 17.6% |
| FY2023 | $25.6B | $3.5B | $5.16 | $4.7B | — | 7.6% |
| FY2022 | $22.1B | $3.1B | $4.57 | $3.9B | — | 7.2% |
| FY2021 | $19.5B | $2.3B | $3.37 | $3.9B | — | 5.7% |
| FY2020 | $17.8B | $973.3M | $1.42 | $4.9B | — | 2.7% |
| FY2019 | $18.0B | $3.4B | $4.93 | $4.1B | — | 10.8% |
| FY2018 | $16.1B | $2.8B | — | $3.8B | — | 9.9% |
| FY2017 | $14.6B | $2.5B | — | $3.3B | — | 9.5% |
| FY2016 | $14.1B | $2.9B | — | $3.0B | — | 11.6% |
| FY2015 | $11.7B | $536.3M | — | $2.6B | — | 2.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP is a consistent compounder, expanding top-line revenue at 13.3% annually over the past decade.
COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP returns on capital have been average, hovering around 8.5% ROIC over the decade.
Over the decade, COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP is modeled at 1.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $48.08 per share.