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SBS

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR

NYSE: SBS · UTILITIES · UTILITIES - REGULATED WATER

$32.94
-1.99% today

Updated 2026-04-29

Market cap
$118.61B
P/E ratio
67.22
P/S ratio
3.11x
EPS (TTM)
$0.49
Dividend yield
0.48%
52W range
$18 – $36
Volume
1.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR (SBS) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$32.94
Consensus
$30.52
-7.35%
2030 Target
$920.82
+2695.45%
DCF
$28.67
-3.17% MoS
8 analysts:
5 Buy2 Hold1 Sell

Management guidance

No specific CEO revenue targets found in available documents. Management has emphasized accelerating investments (R$15.2B in 2025) to expand water/sewage access and achieve universalization targets, with focus on bringing services to millions more people. Q4 2025 results show strong momentum with 17% YoY adjusted EBITDA growth and 40,000 direct/indirect jobs created.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,534.70
$56.4B Rev × 20x P/S
Base case (2030)
$920.82
$56.4B Rev × 12x P/S
Bear case (2030)
$613.88
$56.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$25.6B$36.1B$37.3B$40.3B$43.6B$47.4B$51.6B$56.4B
Revenue growth—41.3%3.3%5.7%8.2%8.7%9.0%9.3%
EPS$5.16$4.90$1.93$2.56$2.89$3.28$3.71$4.18
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$656.42$711.13$774.95$841.80$920.82

Catalysts & risks

Growth catalysts
+ Regulatory tariff adjustments expanding rate base (ongoing through 2030)
+ Universalization expansion bringing water/sewage to millions of underserved populations
+ Strategic acquisition of EMAE stake (23.17% ownership) extending market reach in metro São Paulo
+ 1-for-5 stock split (April 28, 2026 vote) improving liquidity and retail accessibility
+ Accelerating capex cycle (R$15.2B in 2025, targeting further increases) supporting revenue growth
+ Institutional investor inflows (Boston Common, Quantbot, JPMorgan increasing stakes) signaling confidence
Key risks
- Brazilian macroeconomic volatility and currency fluctuations (revenue in BRL, ADR in USD)
- Regulatory rate-setting changes affecting tariff growth and RAB validation
- High accrual ratio (0.22) indicating FCF significantly lower than reported earnings (R$5.4B cash burn noted)
- Execution risk on universalization capex spending and ROI realization
- Political/regulatory risk in São Paulo state utility operations
- Competitive pressure or alternative water sources reducing customer base growth

Methodology

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.