SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
NYSEUSDEQUITY
Utilities
DELAYED
Buy
+41/100
Last price
6.41
▲ 0.15 (2.40%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
6.22
Prev close
6.26
Day high
6.46
Day low
6.33
Volume
12.48M
Market cap
$22.54B
P/E (TTM)
14.24
52W range
4.43 – 7.16
Day trading desk
Gap from prior close
-0.64%
Prior close 6.26
VWAP
6.40
+0.15% from price
Relative volume
3.93×
Unusually busy
Session range
3.86%
6.22 – 6.46
Position in range
79%
Near session high
ATR (14D)
0.20
3.18% of price
Prior day high
6.36
PDH
Prior day low
6.17
PDL
Bid / ask spread
—
Quote not published
Session volume
33.40M
Avg 8.50M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+23.75%
+21.8%
1M
+24.47%
+23.3%
3M
+12.46%
+7.9%
6M
+5.29%
-12.9%
YTD
+34.38%
+20.1%
1Y
+33.60%
+17.2%
3Y
+164.44%
+82.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SBS open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 1, 26 | BRESSANE JUNIOR JOSUE Officer |
CONVERSION | 7.37K | $245.38K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BRESSANE JUNIOR JOSUE |
Officer | 5.34K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$22.54B
Enterprise value$56.94B
Revenue (TTM)$40.88B
Gross profit$14.60B
EBITDA$15.21B
Net income$8.04B
EPS (TTM)$0.45
Free cash flow$-6.26B
Total cash$17.44B
Total debt$51.66B
Book value / share$2.47
Shares outstanding3.52B
Float2.35B
Short % of float0.59%
Dividend yield0.52%
Beta (5Y)0.08
Valuation & profitability ratios
Trailing P/E14.24
Forward P/E14.84
PEG ratio0.47
Price / sales—
Price / book2.60
EV / revenue1.39
EV / EBITDA3.74
Gross margin35.73%
Operating margin31.52%
Profit margin19.67%
Return on equity18.79%
Return on assets7.77%
Debt / equity114.01
Current ratio1.47
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $38.09B | $36.15B | $25.57B | $22.06B | +5.4% |
| Operating revenue | $40.87B | $39.27B | $27.11B | $23.49B | +4.1% |
| Cost of revenue | $23.99B | $16.60B | $16.05B | $14.35B | +44.5% |
| Gross profit | $14.10B | $19.54B | $9.52B | $7.70B | -27.8% |
| Selling, general & admin | $1.52B | $2.95B | $2.28B | $2.04B | -48.3% |
| Total operating expense | $1.72B | $4.14B | $3.25B | $3.15B | -58.5% |
| Operating income | $12.38B | $15.41B | $6.27B | $4.56B | -19.6% |
| Net interest income | -$3.73B | -$2.42B | -$2.15B | -$1.58B | -54.0% |
| Pre-tax income | $11.70B | $13.64B | $4.75B | $4.27B | -14.2% |
| Tax provision | $3.24B | $4.06B | $1.23B | $1.15B | -20.3% |
| Net income | $8.46B | $9.58B | $3.52B | $3.12B | -11.7% |
| Net income to common | $8.46B | $9.58B | $3.52B | $3.12B | -11.7% |
| Basic EPS | 2.47 | 2.80 | 1.03 | 0.89 | -11.6% |
| Diluted EPS | 2.47 | 2.80 | 1.03 | 0.89 | -11.6% |
| EBIT | $15.16B | $15.44B | $6.16B | $5.49B | -1.8% |
| EBITDA | $17.37B | $18.11B | $8.96B | $7.94B | -4.1% |
| Basic shares | 3.43B | 3.42B | 3.42B | 3.52B | +0.1% |
| Diluted shares | 3.43B | 3.42B | 3.42B | 3.52B | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $4.66B | $1.68B | $838.48M | $1.87B | +177.1% |
| Cash & short-term investments | $12.37B | $5.38B | $3.27B | $3.55B | +129.8% |
| Accounts receivable | $4.41B | $3.89B | $3.58B | $3.06B | +13.3% |
| Inventory | $22.06M | $10.82M | $86.01M | $124.25M | +103.9% |
| Total current assets | $18.56B | $10.61B | $7.78B | $7.28B | +74.9% |
| Property, plant & equipment | $942.76M | $686.28M | $592.62M | $413.99M | +37.4% |
| Goodwill & intangibles | $50.44B | $44.65B | $43.89B | $39.25B | +13.0% |
| Total assets | $104.20B | $80.97B | $61.47B | $57.21B | +28.7% |
| Total current liabilities | $16.55B | $11.97B | $8.41B | $6.66B | +38.3% |
| Current debt | $4.94B | $2.93B | $2.50B | $2.13B | +68.6% |
| Long-term debt | $34.93B | $21.86B | $16.59B | $16.37B | +59.8% |
| Total debt | $40.14B | $25.26B | $19.54B | $18.96B | +58.9% |
| Total liabilities | $61.80B | $44.04B | $31.61B | $29.87B | +40.3% |
| Shareholder equity | $42.40B | $36.93B | $29.86B | $27.33B | +14.8% |
| Working capital | $2.00B | -$1.36B | -$624.39M | $627.32M | +247.0% |
| Net tangible assets | -$8.04B | -$7.72B | -$14.04B | -$11.91B | -4.2% |
| Shares issued | 3.52B | 3.52B | 3.52B | 3.52B | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $11.70B | $13.64B | $4.75B | $4.27B | -14.2% |
| Depreciation & amortisation | $2.21B | $2.68B | $2.79B | $2.45B | -17.5% |
| Change in working capital | -$101.99M | -$1.07B | -$2.66B | -$2.11B | +90.5% |
| Operating cash flow | $8.36B | $7.40B | $4.85B | $3.97B | +12.9% |
| Capital expenditure | -$13.74B | -$8.03B | -$4.14B | -$73.67M | -71.1% |
| Investing cash flow | -$15.70B | -$9.98B | -$4.91B | -$2.88B | -57.4% |
| Share buybacks | -$475.38M | $0 | $0 | — | — |
| Dividends paid | $0 | $0 | $0 | $0 | — |
| Financing cash flow | $10.32B | $3.42B | -$977.84M | $60.30M | +202.3% |
| Free cash flow | -$5.38B | -$626.11M | $715.78M | $3.89B | -759.2% |
| End cash position | $4.66B | $1.68B | $838.48M | $1.87B | +177.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $10.21B | $9.96B | $11.28B | $9.42B | $8.96B | — | +2.4% |
| Operating revenue | $10.80B | $10.04B | $13.60B | $9.70B | $9.34B | — | +7.5% |
| Cost of revenue | $3.60B | $6.05B | $7.44B | $6.43B | $3.08B | — | -40.4% |
| Gross profit | $6.61B | $3.92B | $3.84B | $2.99B | $5.88B | — | +68.7% |
| Selling, general & admin | — | $382.13M | $164.64M | $688.41M | $178.33M | $493.03M | — |
| Total operating expense | $3.46B | $569.23M | $10.84M | $562.28M | $2.55B | — | +507.0% |
| Operating income | $3.15B | $3.35B | $3.83B | $2.43B | $3.33B | — | -5.9% |
| Net interest income | -$1.02B | -$1.30B | -$1.86B | -$784.66M | -$118.00M | — | +21.8% |
| Pre-tax income | $2.15B | $2.36B | $2.98B | $3.24B | $3.23B | — | -8.8% |
| Tax provision | $687.00M | $608.53M | $296.78M | $1.08B | $1.09B | — | +12.9% |
| Net income | $1.46B | $1.75B | $2.69B | $2.16B | $2.14B | — | -16.3% |
| Net income to common | $1.46B | $1.75B | $2.69B | $2.16B | $2.14B | — | -16.3% |
| Basic EPS | 0.42 | 0.50 | — | 0.61 | 0.62 | 0.43 | -16.0% |
| Diluted EPS | 0.42 | 0.50 | — | 0.61 | 0.62 | 0.43 | -16.0% |
| EBIT | $3.15B | $3.65B | $4.78B | $3.92B | $3.33B | — | -13.7% |
| EBITDA | $3.89B | $4.35B | $5.32B | $4.46B | $3.88B | — | -10.6% |
| Basic shares | 3.49B | 3.52B | — | 3.52B | 3.45B | 3.42B | -1.1% |
| Diluted shares | 3.49B | 3.52B | — | 3.52B | 3.45B | 3.42B | -1.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.24B | $3.54B | $4.66B | $4.97B | $4.56B | +19.9% |
| Cash & short-term investments | $17.44B | $19.18B | $12.37B | $11.65B | $7.93B | -9.1% |
| Accounts receivable | $3.94B | $4.57B | $4.41B | $4.48B | $3.99B | -13.7% |
| Inventory | $74.02M | $125.78M | $22.06M | $28.83M | $24.68M | -41.2% |
| Total current assets | $23.89B | $25.95B | $18.56B | $17.04B | $13.23B | -7.9% |
| Property, plant & equipment | $1.14B | $1.16B | $942.76M | $738.73M | $639.99M | -1.4% |
| Goodwill & intangibles | $50.32B | $50.70B | $50.44B | $45.89B | $45.26B | -0.7% |
| Total assets | $119.61B | $116.72B | $104.20B | $95.99B | $88.72B | +2.5% |
| Total current liabilities | $16.25B | $14.92B | $16.55B | $14.53B | $10.46B | +8.9% |
| Current debt | $5.29B | $4.73B | $4.94B | $5.58B | $3.11B | +11.9% |
| Long-term debt | $46.37B | $46.65B | $34.93B | $28.92B | $27.74B | -0.6% |
| Total debt | $51.66B | $51.64B | $40.14B | $34.93B | $31.28B | +0.0% |
| Total liabilities | $74.30B | $72.89B | $61.80B | $53.28B | $48.28B | +1.9% |
| Retained earnings | $2.71B | $1.26B | — | $5.78B | $3.62B | +114.1% |
| Shareholder equity | $45.17B | $43.70B | $42.40B | $42.71B | $40.44B | +3.4% |
| Working capital | $7.65B | $11.03B | $2.00B | $2.51B | $2.77B | -30.6% |
| Net tangible assets | -$5.15B | -$7.00B | -$8.04B | -$3.18B | -$4.82B | +26.4% |
| Shares issued | 3.52B | 3.62B | 3.52B | 3.52B | 3.52B | -2.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $2.15B | $2.36B | $2.98B | $3.24B | $3.23B | -8.7% |
| Depreciation & amortisation | $738.25M | $697.47M | $546.75M | $535.08M | $543.37M | +5.8% |
| Change in working capital | $1.28B | -$1.55B | $2.89B | -$2.50B | $458.23M | +183.0% |
| Operating cash flow | $3.37B | $761.64M | $906.75M | $3.17B | $3.18B | +342.0% |
| Capital expenditure | -$3.48B | -$5.06B | -$4.08B | -$3.78B | -$4.33B | +31.3% |
| Investing cash flow | -$562.74M | -$12.77B | -$4.72B | -$6.47B | -$3.03B | +95.6% |
| Dividends paid | $0 | — | $0 | $0 | $0 | — |
| Financing cash flow | -$2.10B | $10.89B | $3.51B | $3.71B | $773.31M | -119.3% |
| Free cash flow | -$109.25M | -$4.30B | -$3.17B | -$610.10M | -$1.15B | +97.5% |
| End cash position | $4.24B | $3.54B | $4.66B | $4.97B | $4.56B | +19.9% |
Options analytics
Put / call volume
1.35
Put-heavy session
Put / call open interest
0.71
Positioning, not flow
Max pain
8.00
+24.8% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
48
Contracts, this expiry
Put volume
65
Contracts, this expiry
Heaviest call OI
8.00
6 contracts
Heaviest put OI
25.00
3 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.08 | 0.06 | -24.0% |
| Mar 2026 | 0.09 | 0.09 | +2.6% |
| Dec 2025 | 0.11 | 0.11 | -1.7% |
| Sep 2025 | 0.07 | 0.07 | -2.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.07 | 1 | $6.13B | +12.0% |
| Next quarter | 0.08 | 1 | $6.41B | +12.8% |
| Current year | 0.34 | 2 | $25.17B | +13.3% |
| Next year | 0.43 | 1 | $30.00B | +19.2% |
Analyst targets & ownership
Mean target$6.74
High target$7.60
Low target$6.28
Implied upside5.09%
Analyst count5
ConsensusNONE
Strong buy / Buy1 / 5
Hold0
Sell / Strong sell0 / 0
Held by insiders0.00%
Held by institutions12.22%
Institutions holding417
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
5.44
+17.74% from price
SMA 20
5.37
+19.38% from price
SMA 50
5.16
+24.33% from price
SMA 100
5.40
+18.62% from price
SMA 200
5.59
+14.76% from price
EMA 12
5.56
+15.27% from price
EMA 26
5.37
+19.45% from price
EMA 50
5.32
+20.45% from price
RSI (14)
80.3
Overbought
MACD (12,26,9)
0.19
Hist 0.11
ATR (14)
0.20
3.18% of price
Realised vol 30D
49.5%
Annualised
Bollinger upper
6.03
20, 2σ
Bollinger lower
4.70
20, 2σ
50 / 200 cross
Death
5.16 vs 5.59
Trend bias
Above 200
+14.76%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.01
More volatile than market
Correlation to SPY
0.35
Loosely linked
Realised vol 30D
49.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-37.0%
Peak to trough
Max drawdown 5Y
-37.0%
Peak to trough
ATR 14
0.20
3.18% of price
Beta (reported)
0.08
5Y monthly, from filing
Short interest
Shares short
13.79M
Prior 18.19M
Change vs prior
-24.2%
Shorts covering
% of float
0.59%
Normal
% of shares out
0.39%
Against total outstanding
Days to cover
1.3
Liquid
Float
2.35B
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 19, 26 | Jefferies | INITIATED | — | Buy |
| Nov 14, 19 | Goldman Sachs | INITIATED | — | Neutral |
| May 18, 18 | Goldman Sachs | DOWNGRADE | Buy | Neutral |
| Mar 12, 18 | Janney Montgomery Scott | DOWNGRADE | Buy | Neutral |
| Nov 27, 17 | JP Morgan | UPGRADE | Neutral | Overweight |
| Nov 22, 17 | HSBC | UPGRADE | Hold | Buy |
| Aug 14, 17 | Citigroup | DOWNGRADE | Neutral | Sell |
| Mar 6, 17 | Standpoint Research | DOWNGRADE | Buy | Hold |
| Aug 3, 16 | Janney Montgomery Scott | DOWNGRADE | Buy | Neutral |
Dividends & splits
Forward rate$0.03 / yr
Forward yield0.52%
5-year avg yield1.46%
Payout ratio31.91%
Ex-dividend dateMar 27, 2026
Next pay dateMay 11, 2026
Last split5:1
Split dateMay 7, 2026
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-10-02
Corporate Changes & Voting Matters
6-K · 2026-09-23
Corporate Changes & Voting Matters
6-K · 2026-09-18
Corporate Changes & Voting Matters
6-K · 2026-08-14
Corporate Changes & Voting Matters
6-K · 2026-08-13
Corporate Changes & Voting Matters
6-K · 2026-07-31
Corporate Changes & Voting Matters
6-K · 2026-06-30
Corporate Changes & Voting Matters
6-K · 2026-06-16
Headlines
Equatorial SA (EQUEY) (Q2 2026) Earnings Call Highlights: Strategic Expansion and Resilient ...
GuruFocus.com · 53d ago
Companhia De Saneamento Basico Do Estado De Sao Paulo (SBS) (Q2 2026) Earnings Call Highlights: ...
GuruFocus.com · 53d ago
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Q2 Earnings Call Highlights
MarketBeat · 54d ago
Sabesp: Q2 Earnings Snapshot
Associated Press · 55d ago
SABESP Partners with Vivo and IDEMIA Secure Transactions, to Power the World's Largest IoT Initiative for a Secure and More Sustainable Water Management in Brazil
PR Newswire · 64d ago
SABESP Partners with Vivo and IDEMIA Secure Transactions, to Power the World's Largest IoT Initiative for a Secure and More Sustainable Water Management in Brazil
CNW Group · 64d ago
SABESP Partners with Vivo and IDEMIA Secure Transactions, to Power the World's Largest IoT Initiative for a Secure and More Sustainable Water Management in Brazil
PR Newswire · 64d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.