São Martinho S.A (SMTO3) — Cash Flow Reinvestment Rate
São Martinho S.A (SMTO3) has a Cash Flow Reinvestment Rate of 0.86x as of March 2026, reinvesting R$1.82 Billion (capex R$916.75 Million plus investments R$-903.84 Million) from operating cash flow of R$2.11 Billion. See SMTO3 free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
São Martinho S.A Cash Flow Reinvestment Rate (2004–2026)
Historical reinvestment intensity for São Martinho S.A across 23 annual periods. For the full cash flow conversion analysis, see São Martinho S.A (SMTO3) cash conversion ratio.
Annual Cash Flow Reinvestment Rate for São Martinho S.A (2004–2026)
Year-by-year capital reinvestment analysis for São Martinho S.A. See how financially flexible is São Martinho S.A to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (BRL) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2026 | 1.31x | R$4.23 Billion | R$3.22 Billion | R$2.52 Billion | ▼ -22.1% |
| 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 | — |