What Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR does
Provides water supply and sewage treatment services to the state of Sao Paulo, Brazil's largest water utility.
Bills customers for water and sewage under long-term concession contracts with Sao Paulo state and its municipalities, and tariffs are set by the state regulator, ARSESP, so allowed returns and investment obligations matter more than competition. Privatised in 2024, when the state sold down and Equatorial, a Brazilian utility group, became the anchor shareholder.
In one line: Brazil's American Water Works.
Products and services
Water supply
Sewage collection/treatment
Customers
Residential/commercial customers in Sao Paulo stat
Municipalities
Where it sits in the supply chain
Utilities
Water utilities
Regulated water & sewage - Brazil
What could go right
Post-privatization efficiency gains
Universal sewage coverage mandate
What could go wrong
Regulatory tariff-setting risk
Drought/water scarcity in Sao Paulo
Moat: wide (regulatory licence, scale, installed base). Concession-based regional monopoly over water and sewage service across Sao Paulo state.
Headquarters: Sao Paulo, Brazil · Founded: 1973 · Employees: 8,717
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR at a glance
SizeCompanhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR (SBS) is a United States Utilities company (Water Utilities) with a market value of $16.3B, the 566th largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.81 on 6 Nov 2026.
Performance Over six months the shares fell 24.2%, against +8.7% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 7 in its peer set.
Growth Revenue grew 9.4% over the last twelve months (peer median +13.0%); the operating margin is 31.0% (peer median 36.4%).
Valuation It trades at 11.8× forward earnings against a peer median of 15.5× (2nd cheapest of 7).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.8 points above its cost of capital (7.6% WACC).
Short interest Short interest is 0.4% of the free float (15 Oct 2026).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
Relative performance
Six months, rebased to 100: Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR against the median of its 6 peers (local-currency closes).
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR financials
Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR competitor charts
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Performance: 6-month against 1-month return
Up and to the right = strong over both horizons. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the large dot.
Fundamentals: revenue growth against valuation
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the large dot.
Capital: growth delivered against growth the price implies
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR is the large dot.
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR competitors and peer comparison
Head to head with its named competitors (SBS vs AWK vs WTRG vs VIE.PA)
Company
Market cap
6M return
Revenue growth
Op. margin
Forward P/E
Req g
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADRSBS
How Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR compares with its peers
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR against its 6 peers (data as of 6 Nov 2026)
Measure
SBS
Peer median
Rank in peer set
1-month return
-27.0%
+9.2%
lowest of 7
6-month return
-24.2%
+8.7%
lowest of 7
Distance from 52-week high
-32.8%
-2.4%
lowest of 7
Revenue growth (TTM)
+9.4%
+13.0%
4th highest of 7
Operating margin
31.0%
36.4%
3rd lowest of 7
Forward P/E
11.8×
15.5×
2nd cheapest of 7
Growth the price implies (Req g, 7 yrs)
-3.4%
n/a
—
Growth delivered (Del g)
+14.6%
n/a
—
Hurdle (Req g minus delivered)
-18.0 pp
n/a
—
ROIC minus cost of capital
+4.8 pp
-1.2 pp
highest of 7
EV / EBITDA
8.0×
14.1×
2nd cheapest of 7
Net debt / EBITDA
2.3×
5.8×
2nd least indebted of 7
Peer table
Peer set: Industry: the same industry and sector in any market, nearest in size
Company
Market
Market cap
6M return
Revenue growth
Op. margin
Forward P/E
Req g
Delivered g
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADRSBS
Who are Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR's main competitors?
Named competitors: American Water Works (AWK), Essential Utilities (WTRG), Veolia (VIE.PA). The cockpit's measured peer set (industry) also includes United Utilities (UU..L), Severn Trent (SVT.L), Essential Utilities (WTRG), Veolia Environnement (VIE.PA), American Water Works (AWK), Guangdong Investment (0270.HK).
Is Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR expensive compared with its peers?
On forward p/e it trades at 11.8× against a peer median of 15.5×, 2nd cheapest of 7 in its peer set. For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is -18 pp: the price already allows for a slowdown.
How has Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Sponsored ADR stock performed?
Over six months to 6 Nov 2026 the shares returned -24.2% against +8.7% for the median peer; over one year -2.9%.