Added to YB: 2026-04-09
Pitch date: 2026-04-07
CSAN [bullish]
Cosan S.A.
-6.43%
current return
Author Info
No bio for this author
Company Info
Cosan S.A. engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments.
Market Cap
BRL 20.9B
Pitch Price
BRL 5.60
Price Target
4.88 (-7%)
Dividend
8.57%
EV/EBITDA
22.09
P/E
-1.35
EV/Sales
2.15
Sector
Specialty Retail
Category
value
Cosan S.A. - $CSAN
CSAN: Brazilian sugar/ethanol conglomerate at inflection. Iran conflict drives sugar +fertilizer prices; mills shift to ethanol on oil spike. BTG put $1B for 23% stake; Esteves (Vice Chair) historically shrewd. Catalysts: Compass IPO ($1B), Raizen Argentina sale (~$1.7B), Moove divestiture. Raizen (44% owned) OOC debt restructure; high leverage means sugar price recovery = equity upside. Sum-of-parts shows 20%+ discount to NAV
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