Company Analysis

Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp (SBS)

NYSE: SBS · Water Supply · Sp, BR · filing with the SEC since 2002
Grade6.8
◀ Past 3.4● Present 8.1▶ Future 7.6
2 est.

The grade of Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp

Nine metrics read from its own filings, by tense
Headline grade
6.8/10
◀ Past3.425% of the headline
● Present8.145% of the headline
▶ Future7.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.4/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.6/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2024-04-30.

weight 45% of this tense · 36th percentile among 14 sector filers · read for itself

From the record

Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp's filings since 2017 show 3 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2024-04-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.3/10

What has it actually done, year after year?

+13.3% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 63rd percentile among 14 sector filers · read for its customers

From the record

Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp's 10 filed years say what it did: revenue went from BRL 12 billion in fiscal 2015 to BRL 36 billion in fiscal 2024, up 13.3% a year; it rose in 8 of 9 years; the deepest fall was 1% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span13.3%top 25% of its family
  • the share of years revenue rosetop 36% of its family
  • the share of filed years with a profittop 39% of its family
  • the deepest fall from a revenue peak1.0%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.3/10

How has it treated the people who own it?

SI estimate 1.3/10, confidence 35 of 100 (one part).

weight 33% of this tense · 13th percentile among 12 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 13% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 12 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp's shareholder treatment is put at 1.3 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 13% of 12 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

8.1/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
9.0/10

Is it financially healthy right now?

ROE 26%: 26¢ of profit per shareholder dollar. Leverage 54%: owes 54¢ per asset dollar.

weight 45% of this tense · 90th percentile among 14 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp earned about 26 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 24 cents per dollar of everything the company owns. Leverage: it owed about 54 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 18% of its family
  • return on equitytop 4% of its family
  • gross profit against assetstop 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.6/10

How strong is its position in its industry?

top 14% of 14 in its family; net margin 26.5%.

weight 33% of this tense · 86th percentile among 14 sector filers · read for its customers

From the record

Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp's standing among 14 graded names in its industry family: revenue of BRL 36 billion in fiscal 2024 is not ranked by size, since the family reports in another currency; a net margin of 26.5% ranks in the top 11%; revenue growth of 22.9% a year over the last 3 filed years ranks in the top 18% (its annual reports).

What it rests on

  • net margin26.5%top 11% of its family
  • three-year revenue growth22.9%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.5/10

What are the people in charge doing?

SI estimate 5.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 13 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-19 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 13 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-19 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 13 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp's leadership is put at 5.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-19 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 13 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.0/10

How much room does it have to grow?

top 50% of 14 in its family for room to expand.

weight 22% of this tense · 50th percentile among 14 sector filers · read for itself

From the record

Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp's room to grow, from the newest filed statements (fiscal 2024): cash of BRL 1.7 billion against debt of BRL 25 billion leaves -29.1% of its assets as net cash, bottom 46% of its family; cash from operations less capital spending is 20.2% of revenue (bottom 46%); a gross margin of 54.1% (top 42%) (its annual report).

What it rests on

  • cash less debt against assets-29.1%bottom 46% of its family
  • cash from operations less capital spending against revenue20.2%bottom 46% of its family
  • gross margin54.1%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.8/10

What could actually drive growth from here?

top 22% of 14 in its family for growth drivers.

weight 45% of this tense · 78th percentile among 14 sector filers · read for its customers

From the record

Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp's growth drivers, from the filed years to fiscal 2024: revenue grew 22.9% a year over the last three filed years against 13.3% over all 10, speeding up (top 18% of its family); the newest year grew 41.2% (top 18%); capital spending grew 26.1% a year (top 29%) (its annual reports). Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+9.5 points a yeartop 18% of its family
  • the newest year's revenue growth41.2%top 18% of its family
  • three-year growth of capital spending26.1%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
8.8/10

Did its newest year beat what its own record pointed to?

top 12% of 13 in its family for expectations against reality.

weight 33% of this tense · 88th percentile among 13 sector filers · read for its shareholders

From the record

Companhia De Saneamento B Sico Do Estado De Sao Paulo-Sabesp's newest year against its own record: revenue of BRL 36 billion in fiscal 2024 came in 23.4% above the BRL 29 billion its prior three years' pace pointed to (top 12% of its family); net income of BRL 9.6 billion against a prior three-year average of BRL 3.0 billion (top 4%); a net margin of 26.5% against 13.3% before (top 19%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace23.4%top 12% of its family
  • net income against the prior three years' average+221%top 4% of its family
  • net margin against its prior average+13.2 pointstop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SBS · research, not advice