São Martinho S.A (SMTO3) — Cash Flow Reinvestment Rate
São Martinho S.A (SMTO3) has a Cash Flow Reinvestment Rate of 2.35x as of December 2025, reinvesting R$789.99 Million (capex R$656.67 Million plus investments R$-133.33 Million) from operating cash flow of R$336.30 Million. Explore how much does São Martinho S.A reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
São Martinho S.A Cash Flow Reinvestment Rate (2004–2025)
Historical reinvestment intensity for São Martinho S.A across 22 annual periods. Also explore SMTO3 current and non-current assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for São Martinho S.A (2004–2025)
Year-by-year capital reinvestment analysis for São Martinho S.A. For live market cap and broader valuation context, see São Martinho S.A (SMTO3) total market value.
| Year | Reinvestment Rate | Total Reinvested (BRL) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.68x | R$4.53 Billion | R$2.69 Billion | R$2.78 Billion | ▲ +27.0% |
| 2024 | 1.33x | R$4.99 Billion | R$3.76 Billion | R$2.49 Billion | ▲ +14.7% |
| 2023 | 1.16x | R$3.45 Billion | R$2.99 Billion | R$1.20 Billion | ▼ -5.2% |
| 2022 | 1.22x | R$4.21 Billion | R$3.45 Billion | R$2.47 Billion | ▲ +20.1% |
| 2021 | 1.02x | R$2.31 Billion | R$2.27 Billion | R$1.51 Billion | ▲ +35.0% |
| 2020 | 0.75x | R$1.47 Billion | R$1.96 Billion | R$1.39 Billion | ▼ -28.7% |
| 2019 | 1.05x | R$1.77 Billion | R$1.68 Billion | R$1.29 Billion | ▲ +11.7% |
| 2018 | 0.94x | R$1.42 Billion | R$1.51 Billion | R$1.17 Billion | ▼ -3.1% |
| 2017 | 0.97x | R$925.38 Million | R$949.32 Million | R$873.77 Million | ▼ -50.1% |
| 2016 | 1.95x | R$1.46 Billion | R$749.64 Million | R$728.92 Million | ▲ +112.8% |
| 2015 | 0.92x | R$740.96 Million | R$806.85 Million | R$669.60 Million | ▼ -26.6% |
| 2014 | 1.25x | R$592.30 Million | R$473.42 Million | R$513.76 Million | ▲ +14.1% |
| 2013 | 1.10x | R$445.75 Million | R$406.63 Million | R$445.75 Million | ▼ -16.7% |
| 2012 | 1.32x | R$616.36 Million | R$468.27 Million | R$616.36 Million | ▲ +33.6% |
| 2011 | 0.99x | R$458.93 Million | R$465.86 Million | R$458.93 Million | ▲ +165.2% |
| 2010 | 0.37x | R$165.38 Million | R$445.27 Million | R$165.38 Million | ▼ -83.0% |
| 2009 | 2.19x | R$431.96 Million | R$197.42 Million | R$431.96 Million | ▼ -73.7% |
| 2008 | 8.32x | R$634.07 Million | R$76.23 Million | R$634.07 Million | ▲ +678.3% |
| 2007 | 1.07x | R$302.48 Million | R$283.02 Million | R$302.48 Million | ▼ -26.9% |
| 2006 | 1.46x | R$53.65 Million | R$36.70 Million | R$53.65 Million | ▲ +112.4% |
| 2005 | 0.69x | R$38.49 Million | R$55.91 Million | R$38.49 Million | ▲ +59.8% |
| 2004 | 0.43x | R$34.01 Million | R$78.92 Million | R$34.01 Million | — |