São Martinho S.A
São Martinho S.A., together with its subsidiaries, engages in the production and sale of sugar, ethanol, and other sugarcane byproducts in Brazil. The company operates through Sugar, Ethanol, Corm Ethanol, Electric Power, Real Estate Businesses, Yeast, and Other Products segment. It offers a range of raw sugar; hydrated ethanol, which is used in tanks of cars powered by ethanol; anhydrous ethanol… Read more
São Martinho S.A (SMTO3) - Net Assets
Latest net assets as of December 2025: R$7.30 Billion BRL
Based on the latest financial reports, São Martinho S.A (SMTO3) has net assets worth R$7.30 Billion BRL as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$23.14 Billion) and total liabilities (R$15.84 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$7.30 Billion |
| % of Total Assets | 31.54% |
| Annual Growth Rate | 15.0% |
| 5-Year Change | 68.05% |
| 10-Year Change | 153.13% |
| Growth Volatility | 76.29 |
São Martinho S.A - Net Assets Trend (2004–2025)
This chart illustrates how São Martinho 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 São Martinho S.A (2004–2025)
The table below shows the annual net assets of São Martinho S.A from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | R$6.70 Billion | -2.38% |
| 2024-03-31 | R$6.86 Billion | +16.07% |
| 2023-03-31 | R$5.91 Billion | +11.17% |
| 2022-03-31 | R$5.32 Billion | +33.41% |
| 2021-03-31 | R$3.99 Billion | +19.12% |
| 2020-03-31 | R$3.35 Billion | -1.31% |
| 2019-03-31 | R$3.39 Billion | +3.08% |
| 2018-03-31 | R$3.29 Billion | -3.34% |
| 2017-03-31 | R$3.40 Billion | +28.59% |
| 2016-03-31 | R$2.65 Billion | +0.80% |
| 2015-03-31 | R$2.63 Billion | +26.47% |
| 2014-03-31 | R$2.08 Billion | -1.17% |
| 2013-03-31 | R$2.10 Billion | +3.75% |
| 2012-03-31 | R$2.02 Billion | +3.64% |
| 2011-03-31 | R$1.95 Billion | +2.31% |
| 2010-03-31 | R$1.91 Billion | +21.22% |
| 2009-03-31 | R$1.58 Billion | -4.91% |
| 2008-03-31 | R$1.66 Billion | -1.34% |
| 2007-03-31 | R$1.68 Billion | +362.14% |
| 2006-03-31 | R$363.33 Million | +0.13% |
| 2005-03-31 | R$362.86 Million | +1.87% |
| 2004-03-31 | R$356.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to São Martinho 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 grown by 8800.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$1.16 Billion | 17.38% |
| Common Stock | R$4.45 Billion | 66.35% |
| Other Components | R$1.09 Billion | 16.27% |
| Total Equity | R$6.70 Billion | 100.00% |
São Martinho S.A Competitors by Market Cap
The table below lists competitors of São Martinho S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prudent Corporate Advisory Services Limited
NSE:PRUDENT
|
$389.11 Million |
|
EVN Finance JSC
VN:EVF
|
$389.14 Million |
|
Glenmark Life Sciences Limited
NSE:GLS
|
$389.27 Million |
|
Asseco South Eastern Europe S.A.
WAR:ASE
|
$389.34 Million |
|
StarHub Ltd
F:RYTB
|
$388.98 Million |
|
Welspun Living Limited
NSE:WELSPUNLIV
|
$388.93 Million |
|
Shenzhen Comix Group Co Ltd
SHE:002301
|
$388.88 Million |
|
Ic Enterra Yenilenebilir Enerji As
IS:ENTRA
|
$388.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in São Martinho S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,862,371,000 to 6,699,362,000, a change of -163,009,000 (-2.4%).
- Net income of 556,731,000 contributed positively to equity growth.
- Dividend payments of 407,408,000 reduced retained earnings.
- Share repurchases of 502,152,000 reduced equity.
- Other comprehensive income decreased equity by 2,009,009,999.
- Other factors increased equity by 2,198,829,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$556.73 Million | +8.31% |
| Dividends Paid | R$407.41 Million | -6.08% |
| Share Repurchases | R$502.15 Million | -7.5% |
| Other Comprehensive Income | R$-2.01 Billion | -29.99% |
| Other Changes | R$2.20 Billion | +32.82% |
| Total Change | R$- | -2.38% |
Book Value vs Market Value Analysis
This analysis compares São Martinho 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: 0.85x
- 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 16.30x to 0.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | R$1.05 | R$17.13 | x |
| 2005-03-31 | R$1.07 | R$17.13 | x |
| 2006-03-31 | R$1.07 | R$17.13 | x |
| 2007-03-31 | R$4.93 | R$17.13 | x |
| 2008-03-31 | R$4.79 | R$17.13 | x |
| 2009-03-31 | R$4.59 | R$17.13 | x |
| 2010-03-31 | R$5.64 | R$17.13 | x |
| 2011-03-31 | R$5.77 | R$17.13 | x |
| 2012-03-31 | R$5.98 | R$17.13 | x |
| 2013-03-31 | R$6.23 | R$17.13 | x |
| 2014-03-31 | R$6.15 | R$17.13 | x |
| 2015-03-31 | R$7.73 | R$17.13 | x |
| 2016-03-31 | R$7.79 | R$17.13 | x |
| 2017-03-31 | R$10.07 | R$17.13 | x |
| 2018-03-31 | R$9.84 | R$17.13 | x |
| 2019-03-31 | R$10.38 | R$17.13 | x |
| 2020-03-31 | R$9.66 | R$17.13 | x |
| 2021-03-31 | R$11.51 | R$17.13 | x |
| 2022-03-31 | R$15.84 | R$17.13 | x |
| 2023-03-31 | R$17.07 | R$17.13 | x |
| 2024-03-31 | R$19.81 | R$17.13 | x |
| 2025-03-31 | R$20.09 | R$17.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently São Martinho S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.77%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 3.25x
- Recent ROE (8.31%) is below the historical average (9.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -1.79% | -3.15% | 0.32x | 1.81x | R$-42.01 Million |
| 2005 | 2.74% | 4.15% | 0.37x | 1.78x | R$-26.33 Million |
| 2006 | 5.75% | 7.39% | 0.44x | 1.77x | R$-15.44 Million |
| 2007 | 4.01% | 8.74% | 0.29x | 1.58x | R$-100.14 Million |
| 2008 | -3.00% | -6.85% | 0.24x | 1.80x | R$-211.25 Million |
| 2009 | -5.03% | -10.11% | 0.23x | 2.18x | R$-233.96 Million |
| 2010 | 5.55% | 8.96% | 0.28x | 2.19x | R$-84.94 Million |
| 2011 | 7.28% | 10.99% | 0.32x | 2.06x | R$-53.06 Million |
| 2012 | 6.25% | 9.26% | 0.33x | 2.08x | R$-75.86 Million |
| 2013 | 3.47% | 5.65% | 0.26x | 2.34x | R$-137.11 Million |
| 2014 | 6.50% | 8.80% | 0.30x | 2.43x | R$-72.59 Million |
| 2015 | 10.93% | 14.93% | 0.27x | 2.74x | R$24.45 Million |
| 2016 | 7.82% | 8.85% | 0.32x | 2.79x | R$-57.71 Million |
| 2017 | 8.34% | 10.88% | 0.30x | 2.55x | R$-56.47 Million |
| 2018 | 14.95% | 14.31% | 0.38x | 2.77x | R$162.73 Million |
| 2019 | 9.26% | 9.35% | 0.34x | 2.87x | R$-25.06 Million |
| 2020 | 19.09% | 17.30% | 0.30x | 3.62x | R$304.34 Million |
| 2021 | 23.26% | 21.54% | 0.35x | 3.11x | R$528.47 Million |
| 2022 | 27.84% | 25.89% | 0.33x | 3.26x | R$949.03 Million |
| 2023 | 17.18% | 15.33% | 0.35x | 3.18x | R$424.51 Million |
| 2024 | 21.51% | 21.42% | 0.34x | 2.97x | R$790.04 Million |
| 2025 | 8.31% | 7.77% | 0.33x | 3.25x | R$-113.21 Million |
Industry Comparison
This section compares São Martinho S.A's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,437,200,000
- Average return on equity (ROE) among peers: 76.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| São Martinho S.A (SMTO3) | R$7.30 Billion | -1.79% | 2.17x | $389.11 Million |
| The Sherwin-Williams Company (S1HW34) | $2.44 Billion | 76.50% | 7.48x | $6.24 Billion |