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SANTOS BRASIL PARTICIPAÇÕES S.A.

STBP3 — SANTOS BRASIL PARTICIPAÇÕES S.A.

CNPJ 02.762.121/0001-04 · listed classes: STBP3, STBP11, STPB3 · CVM code 17892

A Companhia tem por objeto a exploração portuária através de operações com contêineres, carga geral, veículos, granéis ou afins, operações de logística integrada e a participação em outras sociedades.As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Emp. Adm. Part. - Serviços Transporte e Logística

1998founded
São Paulo · SPheadquarters
Estatal Holdingcontrol
Itaú Corretora de Valores S.A.share registrar
Taticca Auditores Independentes S.S. - Eppauditor
santosbrasil.com.brinvestor site
R$ 76.1 mavg. daily traded value (63 sessions)

Verdict

Net margin 24.0%; ROIC 38.7%; debt 1.0x EBITDA; 2025 data, no relevant restatement.

Confidence flag: Incomplete or flagged snapshot

Data for fiscal year 2025, received by the CVM on 2026-03-12; 3 of the 5 core figures published; last restatement recorded in 2021.

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 STBP3: 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 STBP3.

Quote

R$ 14.42close of 2025-10-02 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m +1.3% · 12m — · YTD — · since 2025-08 R$ 14.20–14.46

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, daily, 1 month · return +1.4% · not split-adjustedR$ 14.42 2025-10-02
high 2025-09-29: R$ 14.46low 2025-09-01: R$ 14.222025-10-02: R$ 14.42
2025low R$ 14.22 · high R$ 14.462025

Return by window

1 month3 months1 year2 years5 years10 years
Price+1.3%+4.4%-1.9%+77.8%+250.9%—
With dividends reinvested+1.3%+4.4%+16.6%+126.3%+415.2%—
Real, net of inflation (IPCA to 10/2025)+0.9%+3.8%+10.9%+106.1%+277.6%—
R$ 1,000 would be worthR$ 1,013R$ 1,044R$ 1,166R$ 2,263R$ 5,152—

Closing prices from the base up to 2025-10-02. 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
2020-03-17reverse split inferred0.00× sharesnot checked

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

At the filing date (point-in-time)

20.2P/E 2023
price of 2024-03-20 · sector 23.2 · 15 cos. · 8th of 16price ÷ earnings per share for the year
4.6P/B 2023
price of 2024-03-20 · sector 2.1 · 12 cos. · 11th of 13price ÷ book value per share
10.2EV/EBITDA 2023
price of 2024-03-20 · sector 6.5 · 12 cos. · 11th of 13enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
1.6%FCF yield 2023
price of 2024-03-20 · sector 7.6% · 12 cos. · 10th of 13(operating cash flow + capex) ÷ market value
100.5%ROE 2025
sector 5.3% · 39 cos. · 1st of 40net income to controlling ÷ average equity
38.7%ROIC 2025
sector 13.8% · 23 cos. · 4th of 24EBIT × (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 2024-03-20 (R$ 11.79), the first one after the 2023 filing became public on 2024-03-20 — point-in-time, not the 31 December price. 1 caveat

By theme, fiscal year 2025

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity1.84×
Dívida bruta/PLshort- and long-term borrowings ÷ equity2.53×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year1.00×
PL/Ativosequity ÷ total assets0.18×
Passivos/Ativos(total assets − equity) ÷ total assets0.82×
Liquidez correntecurrent assets ÷ current liabilities1.15×

Efficiency

Margem brutagross profit ÷ net revenue58.9%
Margem EBITDAEBITDA ÷ net revenue54.5%
Margem EBITEBIT ÷ net revenue46.2%
Margem líquidanet income ÷ net revenue24.0%

Profitability

ROEnet income to controlling ÷ average equity100.5%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included38.7%
ROAnet income ÷ total assets15.2%
Giro do ativonet revenue ÷ total assets0.61×

Growth

Receita, 1 anorevenue this year ÷ previous year − 125.0%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years31.3%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)56.3%

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.

ROE100.5% 2025
2010: 9.2% — pl_final_sem_media2011: 19.7%2012: 20.4%2013: 18.1%2014: 6.4%2015: -1.3%2016: -1.4%2017: -0.4%2018: 0.2%2019: 1.1%2020: -0.8%2021: 12.7%2022: 20.1%2023: 23.4%2024: 51.6%2025: 100.5%
20102025
ROIC38.7% 2025
2010: 7.3% — aliq_travada_45;capital_final_sem_media2011: 17.4%2012: 17.9%2013: 16.6%2014: 6.8%2015: 0.6% — aliq_fallback_342016: -0.4% — aliq_fallback_342017: 1.5% — aliq_fallback_342018: 2.8% — aliq_travada_452019: 3.9%2020: 2.8% — aliq_fallback_342021: 19.1%2022: 26.8%2023: 27.8%2024: 34.9%2025: 38.7%
20102025
Net margin24.0% 2025
2010: 12.9%2011: 21.9%2012: 20.9%2013: 18.5%2014: 9.1%2015: -1.9%2016: -2.4%2017: -0.6%2018: 0.3%2019: 1.6%2020: -1.5%2021: 17.7%2022: 22.2%2023: 23.6%2024: 25.6%2025: 24.0%
20102025
Point-in-time P/E20.2x! 2023
2016: -65.6x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo2017: -298.0x — acoes_do_fre_sem_tesouraria;pl_negativo;pl_extremo2018: 939.4x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_extremo2019: 253.8x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_extremo2020: -331.8x — acoes_escala_milhares;pl_negativo;pl_extremo2021: 21.7x — acoes_escala_milhares2022: 16.8x — acoes_escala_milhares2023: 20.2x — acoes_escala_milhares
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶9.2%!19.7%20.4%18.1%6.4%-1.3%-1.4%-0.4%0.2%1.1%-0.8%12.7%20.1%23.4%51.6%100.5%5.3%
ROIC ⟶7.3%!17.4%17.9%16.6%6.8%0.6%!-0.4%!1.5%!2.8%!3.9%2.8%!19.1%26.8%27.8%34.9%38.7%13.8%
ROA ⟶5.5%!11.1%11.8%11.6%4.2%-0.9%-1.0%-0.2%0.1%0.5%-0.4%6.1%9.4%11.1%14.5%15.2%1.1%
Gross margin ⟶40.2%44.3%46.6%41.7%28.9%27.0%15.0%21.6%26.8%25.7%23.8%39.9%45.4%50.8%54.7%58.9%25.6%
EBIT margin ⟶24.2%30.8%32.9%28.5%15.2%1.6%-1.0%3.8%7.1%8.8%6.4%24.6%31.2%36.5%41.6%46.2%13.6%
Net margin ⟶12.9%21.9%20.9%18.5%9.1%-1.9%-2.4%-0.6%0.3%1.6%-1.5%17.7%22.2%23.6%25.6%24.0%2.9%
Revenue growth (1y) ⟶—29.9%15.0%6.5%-27.1%-3.9%-13.5%-0.6%11.8%5.5%-4.4%65.0%25.9%10.5%36.0%25.0%6.9%
Revenue growth (5y CAGR) ⟶—————2.2%-5.8%-8.6%-7.7%-0.6%-0.7%13.1%18.6%18.3%24.4%31.3%16.8%
Net debt/EBITDA ⟶1.16x0.90x0.54x0.38x0.48x0.77x0.43x-0.23x-0.14x0.05x-3.01x-1.19x-0.35x0.06x1.36x1.00x2.55x
Current ratio ⟶0.63x0.81x0.87x0.85x1.17x1.47x1.12x1.18x1.37x2.54x4.18x2.37x1.41x0.93x1.18x1.15x1.46x

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.

line20102011201220132014201520162017201820192020202120222023202420252T26TTM
Income statement
Net revenue (R$ bn)0.91.11.31.41.01.00.80.80.91.00.91.51.92.12.93.61.13.9
Cost of goods and services (R$ bn)-0.5-0.6-0.7-0.8-0.7-0.7-0.7-0.6-0.7-0.7-0.7-0.9-1.1-1.0-1.3-1.5-0.4-1.5
Gross profit (R$ bn)0.30.50.60.60.30.30.10.20.20.30.20.60.91.11.62.10.72.4
EBITDA (R$ bn)0.30.50.60.50.30.10.10.20.20.20.20.60.81.01.52.0——
Depreciation and amortization (R$ m)10011012713614013296133124136152187207221262302——
EBIT (operating result) (R$ bn)0.20.30.40.40.20.0-0.00.00.10.10.10.40.60.81.21.70.61.9
Pre-tax profit (R$ bn)0.20.30.40.40.1-0.0-0.0-0.00.00.0-0.00.40.60.71.01.30.51.6
Income taxes (R$ m)-95-53-111-109-36-4226-5-104-88-151-188-299-450-158-520
Net income (R$ bn)0.10.20.30.30.1-0.0-0.0-0.00.00.0-0.00.30.40.50.70.90.31.0
Net income (controlling) (R$ m)11224727025592-18-20-5315-142724295047428720678
Balance sheet
Total assets (R$ bn)2.02.42.22.22.22.01.92.82.93.24.24.84.34.75.55.96.06.0
Current assets (R$ bn)0.20.40.30.30.40.40.30.40.40.61.21.30.90.71.21.21.31.3
Current liabilities (R$ bn)0.30.50.40.40.30.30.30.30.30.20.30.60.60.81.01.00.90.9
Gross debt (short + long term) (R$ bn)0.50.70.40.30.40.30.20.20.20.40.40.40.30.42.72.72.72.7
Cash and investments (R$ bn)0.10.30.10.10.20.20.20.30.30.41.11.10.60.40.70.70.80.8
Net debt (R$ bn)0.40.40.30.20.10.10.0-0.0-0.00.0-0.6-0.7-0.30.12.02.0——
Shareholders' equity (R$ bn)1.21.31.41.41.41.41.41.31.31.42.12.22.12.20.71.11.21.2
Cash flow
Operating cash flow (R$ bn)0.10.30.40.40.30.20.10.10.10.10.10.40.70.81.41.6——
Capital expenditures (R$ m)-186-197-100-87-30-27-14-7-72-120-224-239-406-631-707-612——
Free cash flow (FCO + capex) (R$ bn)-0.00.10.40.30.20.10.10.10.0-0.0-0.10.10.30.20.71.0——

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
2024T1!645.2147.822.9%23.75.392024-05-08
2024T2!702.8171.724.4%23.95.242024-08-07
2024T3!764.3216.228.3%21.94.792024-11-06
2025T1883.6198.522.5%0.00.022025-05-13
2025T2880.9193.422.0%0.00.022025-08-06
2025T3!920.4231.525.1%——2025-11-05
2026T1!958.2254.026.5%——2026-05-12
2026T2!1,075.6304.328.3%——2026-08-12

Full series, every quarter: GET /empresas/STBP3/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 STBP3 was a dividend of R$ 0.2733 per share (record date 2025-03-06). In the last 12 months: 0 payments adding up to R$ 0.0000 per share. Average yield of the last 5 full years: 7.8%.

typerecord dateex-datepaymentper share
dividend2025-03-062025-03-07—R$ 0.2733
JCP2024-12-272024-12-30—R$ 0.0461
JCP2024-10-282024-10-29—R$ 0.0427
dividend2024-10-282024-10-29—R$ 0.1467
other payout2024-10-162024-10-17—R$ 1.8523
JCP2024-08-122024-08-13—R$ 0.0412
dividend2024-08-122024-08-13—R$ 0.2010
JCP2024-05-272024-05-28—R$ 0.0403
dividend2024-05-272024-05-28—R$ 0.0687
dividend2024-03-222024-03-25—R$ 0.1637
JCP2023-12-222023-12-26—R$ 0.0382
dividend2023-12-222023-12-26—R$ 0.0456
JCP2023-10-302023-10-31—R$ 0.0408
dividend2023-10-302023-10-31—R$ 0.0266
dividend2023-10-302023-10-31—R$ 0.0854
JCP2023-08-102023-08-11—R$ 0.0425
dividend2023-08-102023-08-11—R$ 0.0613
JCP2023-07-142023-07-17—R$ 0.0430
dividend2023-07-142023-07-17—R$ 0.0074
dividend2023-05-032023-05-04—R$ 0.0150
dividend2023-04-182023-04-19—R$ 0.0359
JCP2022-12-202022-12-21—R$ 0.0147
dividend2022-11-102022-11-11—R$ 0.0755
JCP2022-11-102022-11-11—R$ 0.1513

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: JanFebMar3Apr1May3JunJul2Aug4Sep1Oct6Nov2Dec6

Per year

yearper sharepaymentsyield
2025R$ 0.273311.9%
2024R$ 2.6028919.8%
2023R$ 0.4417114.7%
2022R$ 0.658958.4%
2021R$ 0.260024.0%
2020R$ 0.017510.3%
2019R$ 0.004310.1%
2018R$ 0.003010.1%
2015R$ 0.01972—
2014R$ 0.14553—

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

Shareholders and free float

0.00%free floatshares outstanding held by the market, as filed in the FRE
1shareholders
0 individuals · 1 companies · 0 institutionalcount at the last shareholders meeting, from the FRE
CMA TERMINALS ATLANTIC S.A.controlling shareholder
as declared in the FREshareholders the company marks as controlling
80% ONtag along (minimum)
no listing segment on fileminimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
CMA TERMINALS ATLANTIC S.A. ctrlPJ100.00%0.00%100.00%
Others (market)———0.00%
Treasury shares———0.00%

Direct holdings from the reference form (FRE) filed on 2026-08-26, version 4. 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 Consolidada—open
2026-09-09Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-08-27Reunião da Administração · Conselho de AdministraçãoNomear os Diretores Estatutários da Companhia, na forma do Artigo 11 (c) do Estatuto Social da Companhia | Deliberar sobre a abertura de filial da Companhia na cidade de Caxias do open
2026-08-26Dados Econômico-Financeiros · Demonstrações Financeiras AdicionaisVersão Inglêsopen
2026-08-26Estatuto Social—open
2026-08-07Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-08-07Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-07-28Fato RelevanteJV United Portsopen
2026-07-28Assembleia · AGE(i) a nomeação do Sr. Nicholas Patrick Hertlein como membro titular do Conselho de Administração da Companhia (ii) a ratificação da composição do Conselho de Administração da Compaopen
2026-07-10Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open

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 8/9 (2025) — 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
2016BPA 11,893.82,732.0
2016BPP 21,893.82,732.0
2021BPA 14,752.34,271.1
2021BPP 24,752.34,271.1
2011BPA 12,408.42,313.6
2011BPP 22,408.42,313.6
2021DFC_MI 6.01386.7477.9
2010BPA 1.01.0116.882.6

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.

STBP3 × WEGE3 · STBP3 × EMBJ3 · STBP3 × RENT3 · STBP3 × RAIL3 · STBP3 × MOTV3 · STBP3 × VAMO3

compare with the sector: MOTV3 × RAIL3 × AZUL3

Other companies in Industrials

44 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/STBP3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 2,264 sessions, 2016-08-22 → 2025-10-02 · 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 07:22 UTC. If this does not match /saude, you are reading a cached copy.