Cosan S.A
Cosan S.A. engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company's Raízen segment engages in the production, commercialization, origination, and trading of sugar, as well as ethanol under the Shell brand; production and commercialization of bioenergy; trading and resale of electricity; and distribution and commercialization of… Read more
Cosan S.A (CSAN3) - Net Assets
Latest net assets as of September 2025: R$32.05 Billion BRL
Based on the latest financial reports, Cosan S.A (CSAN3) has net assets worth R$32.05 Billion BRL as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$125.74 Billion) and total liabilities (R$93.68 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$32.05 Billion |
| % of Total Assets | 25.49% |
| Annual Growth Rate | 23.68% |
| 5-Year Change | 89.24% |
| 10-Year Change | 218.51% |
| Growth Volatility | 44.03 |
Cosan S.A - Net Assets Trend (2002–2024)
This chart illustrates how Cosan S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cosan S.A (2002–2024)
The table below shows the annual net assets of Cosan S.A from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$39.40 Billion | -22.72% |
| 2023-12-31 | R$50.98 Billion | +5.84% |
| 2022-12-31 | R$48.17 Billion | +66.85% |
| 2021-12-31 | R$28.87 Billion | +38.67% |
| 2020-12-31 | R$20.82 Billion | +88.21% |
| 2019-12-31 | R$11.06 Billion | +1.26% |
| 2018-12-31 | R$10.92 Billion | +6.08% |
| 2017-12-31 | R$10.30 Billion | -4.59% |
| 2016-12-31 | R$10.79 Billion | -12.75% |
| 2015-12-31 | R$12.37 Billion | -0.64% |
| 2014-12-31 | R$12.45 Billion | -7.89% |
| 2013-12-31 | R$13.52 Billion | +0.89% |
| 2012-12-31 | R$13.40 Billion | +39.30% |
| 2011-12-31 | R$9.62 Billion | +41.74% |
| 2010-12-31 | R$6.78 Billion | +13.41% |
| 2009-12-31 | R$5.98 Billion | +61.72% |
| 2008-12-31 | R$3.70 Billion | -15.91% |
| 2007-12-31 | R$4.40 Billion | +166.42% |
| 2006-12-31 | R$1.65 Billion | +19.35% |
| 2005-12-31 | R$1.38 Billion | +80.53% |
| 2004-12-31 | R$766.34 Million | +20.81% |
| 2003-12-31 | R$634.33 Million | +72.87% |
| 2002-12-31 | R$366.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cosan S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 883.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | R$8.83 Billion | 81.00% |
| Other Comprehensive Income | R$565.86 Million | 5.19% |
| Other Components | R$2.16 Billion | 19.77% |
| Total Equity | R$10.90 Billion | 100.00% |
Cosan S.A Competitors by Market Cap
The table below lists competitors of Cosan S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Relay Therapeutics Inc
NASDAQ:RLAY
|
$1.06 Billion |
|
CAPITAL STHWEST CORP.DL 1
F:SFW
|
$1.06 Billion |
|
GMéxico Transportes S.A.B. de C.V
PINK:GMXTF
|
$1.06 Billion |
|
Zhejiang Jiahua Energy Chemical Industry Co Ltd
SHG:600273
|
$1.06 Billion |
|
Gosuncn Technology Group Co Ltd Class A
SHE:300098
|
$1.06 Billion |
|
HC Semitek Corp
SHE:300323
|
$1.06 Billion |
|
RLX Technology Inc
NYSE:RLX
|
$1.06 Billion |
|
Indofood Cbp Sukses Makmur Tbk
JK:ICBP
|
$1.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cosan S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,955,307,000 to 10,903,764,000, a change of -10,051,543,000 (-48.0%).
- Net loss of 9,423,795,000 reduced equity.
- Dividend payments of 3,447,103,000 reduced retained earnings.
- Share repurchases of 397,882,000 reduced equity.
- Other comprehensive income increased equity by 251,530,000.
- Other factors increased equity by 2,965,707,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$-9.42 Billion | -86.43% |
| Dividends Paid | R$3.45 Billion | -31.61% |
| Share Repurchases | R$397.88 Million | -3.65% |
| Other Comprehensive Income | R$251.53 Million | +2.31% |
| Other Changes | R$2.97 Billion | +27.2% |
| Total Change | R$- | -47.97% |
Book Value vs Market Value Analysis
This analysis compares Cosan S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.93x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 28.71x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | R$0.19 | R$5.42 | x |
| 2004-12-31 | R$0.20 | R$5.42 | x |
| 2005-12-31 | R$5.41 | R$5.42 | x |
| 2006-12-31 | R$2.13 | R$5.42 | x |
| 2007-12-31 | R$3.47 | R$5.42 | x |
| 2008-12-31 | R$3.05 | R$5.42 | x |
| 2009-12-31 | R$3.82 | R$5.42 | x |
| 2010-12-31 | R$3.97 | R$5.42 | x |
| 2011-12-31 | R$5.56 | R$5.42 | x |
| 2012-12-31 | R$5.98 | R$5.42 | x |
| 2013-12-31 | R$5.98 | R$5.42 | x |
| 2014-12-31 | R$5.44 | R$5.42 | x |
| 2015-12-31 | R$5.20 | R$5.42 | x |
| 2016-12-31 | R$5.42 | R$5.42 | x |
| 2017-12-31 | R$5.73 | R$5.42 | x |
| 2018-12-31 | R$6.17 | R$5.42 | x |
| 2019-12-31 | R$6.68 | R$5.42 | x |
| 2020-12-31 | R$3.40 | R$5.42 | x |
| 2021-12-31 | R$8.01 | R$5.42 | x |
| 2022-12-31 | R$11.02 | R$5.42 | x |
| 2023-12-31 | R$11.18 | R$5.42 | x |
| 2024-12-31 | R$5.83 | R$5.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cosan S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -86.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.44%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 12.96x
- Recent ROE (-86.43%) is below the historical average (6.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.80% | 1.81% | 0.66x | 5.73x | R$-12.01 Million |
| 2003 | 5.38% | 2.04% | 0.64x | 4.15x | R$-27.76 Million |
| 2004 | 2.24% | 0.90% | 0.70x | 3.57x | R$-59.19 Million |
| 2005 | -4.76% | -2.61% | 0.44x | 4.14x | R$-200.10 Million |
| 2006 | 22.18% | 9.91% | 0.58x | 3.89x | R$196.19 Million |
| 2007 | -2.41% | -2.77% | 0.32x | 2.70x | R$-390.26 Million |
| 2008 | -7.28% | -9.13% | 0.25x | 3.24x | R$-633.96 Million |
| 2009 | 17.80% | 6.87% | 0.96x | 2.69x | R$461.83 Million |
| 2010 | 11.95% | 4.27% | 1.00x | 2.81x | R$125.68 Million |
| 2011 | 28.47% | 11.14% | 1.06x | 2.42x | R$1.69 Billion |
| 2012 | 6.52% | 2.13% | 0.89x | 3.45x | R$-341.17 Million |
| 2013 | 2.40% | 2.88% | 0.28x | 2.94x | R$-739.54 Million |
| 2014 | 3.31% | 3.58% | 0.30x | 3.07x | R$-589.80 Million |
| 2015 | 6.68% | 6.95% | 0.28x | 3.49x | R$-287.99 Million |
| 2016 | 11.56% | 13.74% | 0.28x | 3.04x | R$139.52 Million |
| 2017 | 13.92% | 17.15% | 0.27x | 3.02x | R$370.66 Million |
| 2018 | 16.64% | 16.06% | 0.36x | 2.90x | R$659.45 Million |
| 2019 | 22.98% | 17.89% | 0.41x | 3.11x | R$1.37 Billion |
| 2020 | 16.34% | 6.36% | 0.16x | 15.91x | R$333.47 Million |
| 2021 | 42.82% | 25.34% | 0.25x | 6.64x | R$4.84 Billion |
| 2022 | 5.69% | 2.99% | 0.29x | 6.51x | R$-889.28 Million |
| 2023 | 5.22% | 2.77% | 0.28x | 6.67x | R$-1.00 Billion |
| 2024 | -86.43% | -21.44% | 0.31x | 12.96x | R$-10.51 Billion |
Industry Comparison
This section compares Cosan S.A's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $184,889,000
- Average return on equity (ROE) among peers: 8.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cosan S.A (CSAN3) | R$32.05 Billion | 6.80% | 2.92x | $1.06 Billion |
| Refinaria de Petróleos de Manguinhos S.A (RPMG3) | $184.89 Million | 8.39% | 0.83x | $7.81 Million |