CSAN

CSAN — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($4.80)
DCF$-101.46-2213.7%
Graham Number
Reverse DCF
DDM
EV/EBITDA$35.91+648.1%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$2.73B
Rev: -8.4% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-101.46
Current Price$4.80
Upside / Downside-2213.7%
Net Debt (used)$51.17B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$-101.88$-111.88$-123.53$-137.00$-152.52
8.0%$-93.07$-101.13$-110.48$-121.30$-133.74
9.0%$-86.97$-93.68$-101.46$-110.44$-120.75
10.0%$-82.49$-88.21$-94.84$-102.48$-111.24
11.0%$-79.06$-84.03$-89.78$-96.40$-103.99

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-5.60
Yahoo: $0.62

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$4.80
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$4.80
Implied Near-term FCF Growth
Historical Revenue Growth-8.4%
Historical Earnings Growth
Base FCF (TTM)-$2.73B
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: —

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.
DDM Intrinsic Value / share
Current Price$4.80
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $13.62B
Current: 6.3×
Default: $51.17B

Results

Implied Equity Value / share$35.91
Current Price$4.80
Upside / Downside+648.1%
Implied EV$86.24B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$25.17B$38.17B$51.17B$64.17B$77.17B
2.3x$6.76$-6.55$-19.86$-33.17$-46.48
4.3x$34.64$21.33$8.02$-5.29$-18.60
6.3x$62.53$49.22$35.91$22.60$9.29
8.3x$90.41$77.10$63.79$50.48$37.17
10.3x$118.30$104.99$91.68$78.37$65.06