SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
SBS lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover.
SBS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Under pressure |
SBS's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are under pressure.
SBS PE Valuation
SBS has no meaningful PE right now: it lost money over the past year.
SBS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for SBS, but weaker profitability.
SBS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.41 | -35% |
| Q1 2026 | $0.44 | -24% |
| Q4 2025 | $0.43 | -20% |
| Q3 2025 | $0.42 | -14% |
| Q2 2025 | $0.63 | +200% |
| Q1 2025 | $0.58 | +205% |
| Q4 2024 | $0.54 | +184% |
| Q3 2024 | $0.49 | +206% |
SBS's earnings per share have fallen from their peak: $0.41 over the past year, against $0.63 in mid-2025.
SBS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.9B | +16% |
| Q1 2026 | $1.8B | +16% |
| Q4 2025 | $1.9B | -27% |
| Q3 2025 | $1.7B | -37% |
| Q2 2025 | $1.6B | +33% |
| Q1 2025 | $1.5B | +28% |
| Q4 2024 | $2.6B | +98% |
| Q3 2024 | $2.7B | +132% |
SBS's revenue is recovering but still below its 2024 peak: $1.9B last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 30% | -6.6 points |
| Q1 2026 | 34% | +0.3 points |
| Q4 2025 | 31% | +8.1 points |
| Q3 2025 | 27% | -38 points |
| Q2 2025 | 37% | +4.4 points |
| Q1 2025 | 34% | +8.4 points |
| Q4 2024 | 23% | +81 points |
| Q3 2024 | 66% | +39 points |
SBS's operating margin was 30% last quarter, down 6.6 points from the same quarter a year ago.
SBS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$775.7M | -234% |
| Q1 2026 | $129.3M | -31% |
| Q4 2025 | -$567.8M | -221% |
| Q3 2025 | $568.1M | +106% |
| Q2 2025 | $580.3M | +81% |
| Q1 2025 | $186.2M | -25% |
| Q4 2024 | $470.2M | +46% |
| Q3 2024 | $276.4M | -2.5% |
SBS's free cash flow has turned negative after years in the green: −$646M over the past year.
SBS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +3.1% | +106M shares |
| 3 years | +3.1% | +106M shares |
| 5 years | +3% | +103M shares |
| Available history | +3.1% | +106M shares |
SBS has 3.5B diluted shares, up 3.1% from a year ago, despite $350M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $328.5M |
| Q1 2026 | $21.7M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
SBS spent $350M buying back its own shares over the past year, after none the year before.
SBS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.1x | Elevated |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 2.5x | Moderate |
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.2x | Healthy |
| Q3 2024 | 0.2x | Very low |
SBS's net debt is about 3.1 years of its operating earnings (EBITDA), up from 1.2 years a year ago.
SBS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.9 | Neutral |
| Stochastic | 14.6 | Oversold |
SBS's weekly RSI is 44 (neutral) and its Stochastic is 15 (oversold).
SBS PE vs Utilities Sector
| Metric | SBS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 20x | — |
SBS has no meaningful PE right now: it lost money over the past year.
SBS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.52 | 12% below |
| 20 week MA | $5.40 | 10% below |
| 50 week MA | $5.53 | 12% below |
| 100 week MA | $4.78 | 1.3% above |
| 200 week MA | $3.75 | 29% above |
SBS has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 29% above its 200-week average.
SBS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3.02 | $1.79 | -41% |
| 2021 | $1.79 | $1.41 | -21% |
| 2022 | $1.41 | $2.26 | +60% |
| 2023 | $2.26 | $3.05 | +35% |
| 2024 | $3.05 | $2.88 | -5.6% |
| 2025 | $2.88 | $4.90 | +70% |
| 2026 YTD | $4.90 | $4.84 | -1.2% |
SBS has finished lower in three of the last six years. It's down 1.2% so far in 2026.