Cosan
CSAN

$9.23

3.65%

Market Cap: $4.29B

About: Cosan SA engages in several services throughout the energy and logistics sectors. Its reportable segments are Raízen, Compass, Moove, Rumo, and Radar. It generates the majority of its revenue from Raízen which operates in the production, commercialization, origination, and trading of ethanol, bioenergy, resale, and trading of electricity, renewable sources, marketing, origination, and trading of sugar and fuels, and lubricant.

Employees: 11,181

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

4% more funds holding

Funds holding: 72 [Q1] → 75 (+3) [Q2]

0.08% less ownership

Funds ownership: 0.75% [Q1] → 0.67% (-0.08%) [Q2]

4% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 27

33% less capital invested

Capital invested by funds: $183M [Q1] → $122M (-$60.6M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for CSAN.

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Financial journalist opinion

Weak Ethanol And Sugar Prices And Core Operating Structure Impacted Cosan

Q2 results from Cosan showed okay performance, with healthy volumes in sugar and ethanol offsetting weaker realized prices, and strong results from Rumo. Core SEE prices have become more challenging, impacting revenue and EBITDA for Cosan. The sugar market appears roughly in balance now, and legislation in Brazil could drive increased ethanol consumption. Complexity and lack of transparency in Cosan's structure, reporting, and capital allocation priorities are real issues and may reasonably deter investors despite potential undervaluation.

Weak Ethanol And Sugar Prices And Core Operating Structure Impacted Cosan

Cosan S.A. (CSAN) Q2 2024 Earnings Call Transcript

Cosan S.A. (NYSE:CSAN ) Q2 2024 Earnings Conference Call August 15, 2024 10:00 AM ET Company Participants Rodrigo Araujo - CFO Ana Luisa Perina - Head, IR Conference Call Participants Luiz Carvalho - UBS Gabriel Barra - Citi Monique Greco - Itau BBA Bruno Montanari - Morgan Stanley Bruno Amorim - Goldman Sachs Lucas Ferreira - JPMorgan Pedro Soares - BTG Pactual Gustavo Sadka - Bradesco Operator Good morning, everyone. Thank you for waiting, and welcome to Cosan's Second Quarter 2024 Earnings Release Video Conference Call.

Cosan S.A. (CSAN) Q2 2024 Earnings Call Transcript

Cosan S.A. (CSAN) Q1 2024 Earnings Call Transcript

Cosan S.A. (NYSE:CSAN ) Q1 2024 Results Conference Call May 29, 2024 10:00 AM ET Company Participants Rodrigo Araujo - CFO Ana Luisa Perina - Head of IR Conference Call Participants Luiz Carvalho - UBS Ana Luísa Perina - Head of IR Isabella Simonato - Bank of America Gabriel Barra - Citi Regis Cardoso - XP Vicente Falanga - Bradesco BBI Bruno Montanari - Morgan Stanley Thiago Duarte - BTG Pactual Operator Good morning, everyone. Thank you for waiting.

Cosan S.A. (CSAN) Q1 2024 Earnings Call Transcript

Cosan: A Promising Player In Brazil's Energy Transition

Brazil has enormous potential to be the leading nation in the energy transition with decarbonized products. In this sense, Cosan stands out as having the most significant energy transition projects. Despite its promising and diversified business, the company is extremely discounted compared to national and international peers and when compared to its own history. With the end of the investment cycle approaching, the company should report better results and have a revaluation of multiples by the market.

Cosan: A Promising Player In Brazil's Energy Transition

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Cosan: Deleveraging While Trading At A Substantial Holding Discount

Cosan, a Brazilian holding company, has experienced fluctuations in 2023 due to its diversified businesses tied to economic cycles of commodities. Despite a 9% growth in 2023, it lags behind the iShares MSCI Brazil ETF's performance. Cosan's investment thesis emphasizes moderate and continuous growth, resilience in challenging economic scenarios, and strategic capital allocation.

Cosan: Deleveraging While Trading At A Substantial Holding Discount

Cosan S.A. (CSAN) Q3 2023 Earnings Call Transcript

Cosan S.A. (NYSE:CSAN ) Q3 2023 Earnings Conference Call November 14, 2023 1:30 PM ET Company Participants Ricardo Lewin - Chief Financial & Investor Relations Officer Luis Henrique Guimarães - Chief Executive Officer Conference Call Participants Isabella Simonato - Bank of America Thiago Duarte - BTG André Vidal - XP Gabriel Barra - Citi Monique Greco - Itaú BBA Matheus Enfeldt - UBS Bruno Montanari - Morgan Stanley Operator Good afternoon, everyone. Thank you for waiting, and welcome to Cosan's Earnings Conference Call for the Third Quarter 2023.

Cosan S.A. (CSAN) Q3 2023 Earnings Call Transcript

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