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Consumer Defensive

SÃO MARTINHO SA

SMTO3 — SÃO MARTINHO SA

CNPJ 51.466.860/0001-56 · listed classes: SMTO3 · CVM code 20516

Fabricação e comércio de açúcar, álcool e derivados.As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Agricultura (Açúcar, Álcool e Cana)

Novo Mercadolisting segment
1943founded
Pradópolis · SPheadquarters
Privadocontrol
Btg Pactual S/Ashare registrar
KPMG Auditores Independentes Ltda.auditor
saomartinho.com.brinvestor site
R$ 32.2 mavg. daily traded value (63 sessions)

Verdict

Net margin 11.3%; ROIC 9.5%; debt 3.0x EBITDA; P/E 6.7 against 12.0 for the sector; 2026 data, no relevant restatement.

Confidence flag: Clean data

Data for fiscal year 2026, received by the CVM on 2026-05-25; 5 of the 5 core figures published; last restatement recorded in 2017.

Does the company make money?

Is it sound or indebted?

Is the share expensive or cheap relative to the sector and its own history?

Descriptive: number, numeric band and comparison with the sector, the company's own history and the whole universe. Not investment advice. JSON · how the verdict works

Follow SMTO3: get an e-mail when profit turns into loss, debt or margin change band, or the statements are restated. That is all, and you can cancel in one click. See every event already recorded for SMTO3.

Quote

R$ 17.74close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m -4.8% · 12m -0.5% · YTD +17.3% · 52-week R$ 13.00–21.42

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, weekly, 5 years · return -49.3% (-12.7% a year) · not split-adjustedR$ 17.74 2026-09-25
high 2022-06-03: R$ 51.65low 2025-12-05: R$ 13.172026-09-25: R$ 17.74
2021low R$ 13.17 · high R$ 51.652026

Return by window

1 month3 months1 year2 years5 years10 years
Price-4.8%+20.6%-0.5%-34.7%-47.2%-5.2% 1×
With dividends reinvested-4.8%+22.3%+0.9%-30.8%-35.7%+30.5%
Real, net of inflation (IPCA to 08/2026)-4.7%+22.6%-2.8%-36.6%-50.1%-18.9%
R$ 1,000 would be worthR$ 952R$ 1,223R$ 1,009R$ 692R$ 643R$ 1,305

Closing prices from the base up to 2026-09-25. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.

Corporate actions

last day with rightseventmultipliercheck
2016-12-09stock split3.00× shareschecked against the price move

Why the price chart jumps: prices are not split-adjusted. Inferred means detected from the share count and the price, not announced in the exchange file.

Valuation

Today

R$ 5.7 bnmarket value
close of 2026-09-25 × sharesprice × shares outstanding
R$ 13.1 bnenterprise value
+ net debt 2026market value + net debt
R$ 2.59EPS 2026
profit per sharenet income for the year ÷ shares
R$ 22.82BVPS 2026
book value per shareshareholders' equity ÷ shares
0.78P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
1.8P/FCO 2026
FCO R$ 3.2 bnmarket value ÷ operating cash flow
2.7P/FCF 2026
FCF R$ 2.1 bnmarket value ÷ (operating cash flow + capex)
322.8 mshares outstandinglatest public count, treasury excluded

Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2026 annual filing. The multiples below are point-in-time: priced on the day the filing became public.

At the filing date (point-in-time)

6.7P/E 2026
price of 2026-05-25 · sector 12.0 · 12 cos. · 2th of 13price ÷ earnings per share for the year
0.8P/B 2026
price of 2026-05-25 · sector 1.7 · 11 cos. · 4th of 12price ÷ book value per share
5.2EV/EBITDA 2026
price of 2026-05-25 · sector 5.7 · 11 cos. · 5th of 12enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
37.9%FCF yield 2026
price of 2026-05-25 · sector 13.2% · 11 cos. · 4th of 12(operating cash flow + capex) ÷ market value
11.9%ROE 2026
sector 4.8% · 22 cos. · 8th of 23net income to controlling ÷ average equity
9.5%ROIC 2026
sector 15.0% · 12 cos. · 9th of 13EBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included — /metodologia/roic
P/E, P/B and EV/EBITDA use the price of 2026-05-25 (R$ 17.31), the first one after the 2026 filing became public on 2026-05-25 — point-in-time, not the 31 December price.

By theme, fiscal year 2026

Valuation

P/Receita todaymarket value ÷ net revenue for the year0.77×
EV/Receita todayenterprise value ÷ net revenue1.76×
P/EBITDA todaymarket value ÷ EBITDA2.31×
P/EBIT todaymarket value ÷ EBIT4.11×
EV/EBIT todayenterprise value ÷ EBIT9.37×
Earning yield todaynet income ÷ market value (the inverse of P/E)14.6%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity1.00×
Dívida bruta/PLshort- and long-term borrowings ÷ equity1.57×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year2.96×
PL/Ativosequity ÷ total assets0.31×
Passivos/Ativos(total assets − equity) ÷ total assets0.69×
Liquidez correntecurrent assets ÷ current liabilities2.62×

Efficiency

Margem brutagross profit ÷ net revenue26.2%
Margem EBITDAEBITDA ÷ net revenue33.4%
Margem EBITEBIT ÷ net revenue18.8%
Margem líquidanet income ÷ net revenue11.3%

Profitability

ROEnet income to controlling ÷ average equity11.9%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included9.5%
ROAnet income ÷ total assets3.7%
Giro do ativonet revenue ÷ total assets0.32×

Growth

Receita, 1 anorevenue this year ÷ previous year − 13.8%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years11.5%
Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only)-2.0%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)2.2%

Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.

Indicators, year by year

Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.

Fact checklist 6 of 9

Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.

ROE11.9% 2026
2011: 7.3% — pl_final_sem_media2012: 6.4%2013: 3.5%2014: 6.5%2015: 12.2%2016: 7.4%2017: 9.4%2018: 14.7%2019: 9.4%2020: 19.0%2021: 25.3%2022: 31.8%2023: 18.1%2024: 23.1%2025: 8.2%2026: 11.9%
20112026
ROIC9.5%! 2026
2011: 7.0% — capital_final_sem_media2012: 6.6%2013: 4.7%2014: 5.3%2015: 10.5%2016: 9.3% — aliq_travada_02017: 8.2%2018: 10.8%2019: 10.0%2020: 15.1%2021: 14.4%2022: 18.6%2023: 14.9%2024: 16.3%2025: 11.0% — aliq_travada_02026: 9.5% — aliq_travada_0
20112026
Net margin11.3% 2026
2011: 11.0%2012: 9.3%2013: 4.5%2014: 8.8%2015: 15.0%2016: 8.3%2017: 10.9%2018: 14.3%2019: 9.3%2020: 17.3%2021: 21.5%2022: 25.9%2023: 15.3%2024: 21.4%2025: 7.8%2026: 11.3%
20112026
Point-in-time P/E6.7x 2026
2012: 19.2x — acoes_do_fre_sem_tesouraria;acoes_defasadas2013: 40.3x — acoes_do_fre_sem_tesouraria;acoes_defasadas2014: 33.2x — acoes_do_fre_sem_tesouraria;acoes_defasadas2015: 14.5x — acoes_do_fre_sem_tesouraria;acoes_defasadas2016: 30.9x — acoes_do_fre_sem_tesouraria;acoes_defasadas2017: 19.0x — acoes_do_fre_sem_tesouraria;acoes_ajustadas_por_evento;acoes_defasadas2018: 13.2x — acoes_do_fre_sem_tesouraria;acoes_defasadas2019: 23.6x — acoes_do_fre_sem_tesouraria;acoes_defasadas2020: 10.8x2021: 14.1x2022: 9.8x2023: 12.8x2024: 7.3x2025: 11.2x2026: 6.7x
20112026

Full table

indicator2011201220132014201520162017201820192020202120222023202420252026sector
ROE ⟶7.3%!6.4%3.5%6.5%12.2%7.4%9.4%14.7%9.4%19.0%25.3%31.8%18.1%23.1%8.2%11.9%4.8%
ROIC ⟶7.0%!6.6%4.7%5.3%10.5%9.3%!8.2%10.8%10.0%15.1%14.4%18.6%14.9%16.3%11.0%!9.5%!15.0%
ROA ⟶3.5%!2.9%1.4%2.5%4.7%2.7%3.5%5.5%3.3%5.8%7.6%9.9%5.6%7.5%2.6%3.7%4.5%
Gross margin ⟶30.8%27.5%24.6%29.0%28.5%26.7%26.2%32.0%25.9%31.9%36.1%42.3%30.7%24.3%24.9%26.2%25.1%
EBIT margin ⟶18.2%16.7%12.2%15.9%23.8%20.0%25.6%23.3%20.8%32.1%36.0%42.2%31.3%36.7%21.2%18.8%5.3%
Net margin ⟶11.0%9.3%4.5%8.8%15.0%8.3%10.9%14.3%9.3%17.3%21.5%25.9%15.3%21.4%7.8%11.3%3.2%
Revenue growth (1y) ⟶—5.6%19.7%18.8%24.9%22.1%11.6%31.7%-2.2%9.9%16.5%32.9%15.9%4.0%3.9%3.8%9.9%
Revenue growth (5y CAGR) ⟶—————12.5%13.8%21.6%17.0%14.0%13.0%17.0%14.0%15.4%14.2%11.5%10.7%
Net debt/EBITDA ⟶0.86x1.42x2.07x1.89x2.36x2.33x1.95x1.45x2.13x2.50x2.07x1.85x2.09x1.70x2.90x2.96x2.16x
Current ratio ⟶1.39x1.28x1.55x1.24x1.23x1.33x1.25x2.20x2.59x2.01x1.74x2.55x2.17x2.18x2.43x2.62x1.70x

In reais, year by year

The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.

line20112012201320142015201620172018201920202021202220232024202520262T26TTM
Income statement
Net revenue (R$ bn)1.31.41.61.51.92.32.63.43.43.74.35.76.66.97.27.41.5—
Cost of goods and services (R$ bn)-0.9-1.0-1.2-1.1-1.4-1.7-1.9-2.3-2.5-2.5-2.8-3.3-4.6-5.2-5.4-5.5-1.2—
Gross profit (R$ bn)0.40.40.40.40.50.60.71.10.91.21.62.42.01.71.81.90.3—
EBITDA (R$ bn)0.60.60.70.50.91.11.31.71.11.82.23.23.23.72.72.5——
Depreciation and amortization (R$ bn)0.30.40.50.30.50.60.60.90.40.60.70.81.11.21.21.10.2—
EBIT (operating result) (R$ bn)0.20.20.20.20.50.50.70.80.71.21.62.42.12.51.51.40.2—
Pre-tax profit (R$ bn)0.20.20.10.20.30.20.40.60.40.71.21.91.21.80.50.50.0—
Income taxes (R$ m)-55-40-25-54-2621-130-131-65-95-282-458-178-3105429622—
Net income (R$ bn)0.10.10.10.10.30.20.30.50.30.60.91.51.01.50.60.80.0—
Net income (controlling) (R$ bn)0.10.10.10.10.30.20.30.50.30.60.91.51.01.50.60.80.0—
Balance sheet
Total assets (R$ bn)4.04.85.65.07.27.48.79.19.712.112.417.418.820.421.823.423.923.9
Current assets (R$ bn)0.50.71.00.91.71.62.52.73.33.53.25.65.76.26.37.28.58.5
Current liabilities (R$ bn)0.30.50.70.71.41.22.01.21.31.71.82.22.62.92.62.82.72.7
Gross debt (short + long term) (R$ bn)0.71.22.01.63.23.53.73.94.56.56.08.99.79.410.911.611.911.9
Cash and investments (R$ bn)0.20.40.60.61.01.01.21.52.01.91.43.03.13.23.14.24.94.9
Net debt (R$ bn)0.50.81.31.02.22.52.52.52.44.64.65.96.66.37.87.4——
Shareholders' equity (R$ bn)2.02.02.12.12.62.63.43.33.43.34.05.35.96.96.77.47.47.4
Cash flow
Operating cash flow (R$ bn)0.50.50.50.50.80.70.91.51.72.02.33.43.03.82.73.20.2—
Capital expenditures (R$ bn)-0.2-0.3-0.3-0.3-0.3-0.3-0.9-1.2-0.5-0.5-0.6-1.3-1.2-1.0-1.2-1.1-0.2—
Free cash flow (FCO + capex) (R$ bn)0.30.20.20.20.50.50.10.31.21.41.72.21.82.81.52.10.0—

The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the last 12 months (TTM) built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.

The current year, quarter by quarter

As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.

quarterrevenue (R$ m)profit (R$ m)net marginP/E TTMP/Bfiled on
2022T3!1,581.8212.613.4%—1.752022-11-07
2023T2!1,342.6220.316.4%—1.962023-08-14
2023T3!1,535.0418.127.2%—1.932023-11-09
2024T2!1,643.7106.36.5%—1.512024-08-12
2024T3!1,958.4187.49.6%—1.282024-11-11
2025T2!1,857.262.83.4%—0.792025-08-11
2025T3!1,738.6176.410.1%—0.632025-11-10
2026T2!1,528.038.12.5%—0.652026-08-10

Full series, every quarter: GET /empresas/SMTO3/trimestres

Dividends

No ex-date or payment scheduled in the base (exchange announcements through 2026-09-21 · filings to the regulator through 2026-09-18).

The latest dividend by SMTO3 was a dividend of R$ 0.2166 per share (record date 2026-07-03, payment 2026-07-21). In the last 12 months: 1 payments adding up to R$ 0.2166 per share. Average yield of the last 5 full years: 4.8%.

typerecord dateex-datepaymentper share
JCP2019-12-122019-12-13—R$ 0.3446
dividend2019-07-262019-07-29—R$ 0.3136

Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.

Record dates in the last 5 years, by month: JanFebMarAprMayJun3Jul5AugSepOctNov2Dec2

Per year

yearper sharepaymentsyield
2026R$ 0.216611.2%
2025R$ 0.456513.0%
2024R$ 1.347935.8%
2023R$ 1.241424.2%
2022R$ 1.133034.3%
2021R$ 2.331536.8%
2020R$ 0.541522.0%
2019R$ 0.658222.8%
2018R$ 0.513112.8%
2017R$ 0.278911.4%

Yield per year = the year's dividends over the close of its last session; the current year is partial.

Shareholders and free float

37.17%free float
123,583,436 sharesshares outstanding held by the market, as filed in the FRE
30,099shareholders
29,322 individuals · 236 companies · 541 institutionalcount at the last shareholders meeting, from the FRE
LJN PARTICIPAÇÕES S/Acontrolling shareholder
as declared in the FREshareholders the company marks as controlling
100% ONtag along (minimum)
Novo Mercadominimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
LJN PARTICIPAÇÕES S/A ctrlPJ57.23%0.00%57.23%
Others (market)———41.61%
Treasury shares———1.16%

Direct holdings from the reference form (FRE) filed on 2026-07-07, version 11. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filedcategorysubjectdocument
2026-09-09Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-09-09Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-08-11Comunicado ao Mercado · Apresentações a analistas/agentes do mercadoApresentação da Teleconferência de Resultados do 1T27open
2026-08-10Dados Econômico-Financeiros · Demonstrações Financeiras AdicionaisVersão em Inglêsopen
2026-08-10Dados Econômico-Financeiros · Press-releaseRelease de Resultados 1T27open
2026-08-10Política de Remuneração—open
2026-08-10Reunião da Administração · Conselho de Administração(1) Informações trimestrais revisadas de abril, maio e junho de 2026||(2) Revisão de Políticas||(3) O voto na Reunião da Controlada São Martinho Terras Imobiliárias LTDA.open
2026-08-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-08-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-07-31Dados Econômico-Financeiros · Relatório de Agente FiduciárioRelatório anual do agente fiduciário - 3ª emissão de debênturesopen

The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.

Piotroski F-Score 7/9 (2026) — what each criterion means.

Restated filings for this company

The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.

fiscal yearaccountfirst filingrestated
2013BPA 15,633.14,923.3
2013BPP 25,633.14,923.3
2016BPA 1.011,622.22,092.5
2013BPP 2.02.011,618.41,176.0
2013DRE 3.011,636.01,291.5
2013DRE 3.02-1,233.7-929.7
2017DMPL 5.04320.9127.6
2017DMPL 5.06-193.3no value in the file

Every restatement of this company, year by year

This company appears in

Compare

Side by side, with each figure's caveat and how often each company restated its filings.

SMTO3 × ABEV3 · SMTO3 × JBSS3 · SMTO3 × CSAN3 · SMTO3 × BRFS3 · SMTO3 × MBRF3 · SMTO3 × MDIA3

compare with the sector: CSAN3 × SLCE3 × SMTO3

Other companies in Consumer Defensive

26 more with a page, same CVM sector — a classification of the regulator's, not ours.

Take this into your code

Everything on this page is also JSON: GET /empresas/SMTO3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 4,151 sessions, 2010-01-04 → 2026-09-25 · methodology · how we verify

Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.

Numbers on this page are live. Data version 2026-09-27-reapresentacao-agreg · page generated 2026-09-27 12:04 UTC. If this does not match /saude, you are reading a cached copy.