Added to YB: 2026-08-25
Pitch date: 2026-08-21
RAIL3.SA [bullish]
Rumo S.A.
Author Info
No bio for this author
Company Info
Rumo S.A., through its subsidiaries, engages in the rail logistics operation. The company operates through North Operations, South Operations, and Container Operations segments.
Market Cap
BRL 26.4B
Pitch Price
N/A
Price Target
N/A
Dividend
0.76%
EV/EBITDA
6.31
P/E
21.58
EV/Sales
3.50
Sector
Ground Transportation
Category
value
The Last Cheap Railroad on Earth - Rumo S.A.
RAIL3.SA: Brazil's only railroad with 8-9% structural volume growth, trades 4.4x fwd EBITDA vs own 8.7x avg & US peers 11-14x. 11-yr capex cycle ends 2027; FCF inflection ahead. 63% EBITDA margin, geographic monopoly hauling Mato Grosso grain to Santos. ~19-20% IRR (BRL). Catalysts: Selic cuts (14%→12%), Oct election, 2027 capex guide, Cosan stake sale. Risks: record El Niño hitting 2027 crop, high real rates, tariff war overhang.
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