SBS
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR
NYSE: SBS · UTILITIES · UTILITIES - REGULATED WATER
$5.46
-0.18% today
Updated 2026-06-12
Market cap
$19.18B
P/E ratio
11.16
P/S ratio
0.48x
EPS (TTM)
$0.49
Dividend yield
0.61%
52W range
$4 – $7
Volume
3.2M
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.
Research-backed SBS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$5.46
Today
Analyst consensus
$30.52
+458.97% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
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
SBS · Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com
SBS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $37.3B | $40.3B | $43.6B | $47.4B | $51.6B | $56.4B |
| Revenue growth | 3.3% | 5.7% | 8.2% | 8.7% | 9.0% | 9.3% |
| Net margin | — | — | — | — | — | — |
| EPS | $1.93 | $2.56 | $2.89 | $3.28 | $3.71 | $4.18 |
| Diluted shares | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $656.42 | $711.13 | $774.95 | $841.80 | $920.82 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $56.4B | $56.4B | $56.4B |
| P/S multiple | 1.0x | 1.0x | 3.0x |
| Diluted shares | 0M | 0M | 0M |
| Net debt | — | — | — |
| Implied P/E † | — | — | — |
| 2030 Price | $— | $— | $— |
| NPV @ — | $— | $— | $— |
† Implied P/E: Multiples remain elevated across all three scenarios because SBS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $— base case
SBS catalysts and 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 2030 stock forecast model
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 8 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for SBS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030) |
| 3. Time value | NPV calculated using — WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 3.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.
SBS price target FAQ
How is the Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR 2030 stock forecast calculated?
The SBS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
What is the analyst consensus on SBS stock?
8 analysts cover SBS with an average 12-month price target of $30.52. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.