Companhia Catarinense de Águas e Saneamento " CASAN (CASN3) Fair Value & Analysis
Utilities · BR · Market cap R$5.9B
Fair value as of: Jul 16, 2026
From 16 valuation models · updated 25 days ago
Below-average quality, screening 17% undervalued on our models.
What matters now
- A fairly wide model range (R$7.19 to R$13.72) leaves room in how you read the outcome.
- Our model range runs from R$7.19 (bear) to R$13.72 (bull), base R$9.98. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 39/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range R$8.47 – R$11.69 · fair‑value band R$7.19 – R$13.72 · the R$8.51 price screens below the R$9.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Companhia Catarinense de Águas e Saneamento " CASAN (CASN3) currently trades at R$8.51, while our model-based Fair Value estimate is R$9.98, implying the stock looks roughly 17.3% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Companhia Catarinense de Águas e Saneamento " CASAN generated revenue of R$1.7B at a net margin of 3.8%. Revenue grew 14.4% year over year. It earns a return on equity of 3.2%. Net debt stands at R$2.8B. Fundamentals as of Jul 16, 2026
Our scenario range runs from R$7.19 (bear case) to R$13.72 (bull case); at R$8.51, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -10% fair-value upside, at 17%, CASN3 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Growth Earnings (R$11.36) versus Dividend Discount (R$2.46). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 53
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Companhia Catarinense de Águas e Saneamento " CASAN engages in the water supply business in Santa Catarina and Parana, Brazil. It is also involved in the collection, removal, and treatment of sanitary sewage. Companhia Catarinense de Águas e Saneamento " CASAN was founded in 1970 and is headquartered in Florianópolis, Brazil.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Companhia Catarinense de Águas e Saneamento " CASAN reported revenue of R$2.2B in FY2025 versus R$1.2B in FY2021, a compound +15.5%/yr. Reported net income was R$387M in FY2025, compounding +30.1%/yr from FY2021.
Watch CASN3: get an alert when its fair value changes →
Peer Group
Utilities - Regulated Water · 67 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Water median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| American Water Works Company AWK | $134.33 | $65.80 | -51% |
| SBSP3 SBSP3 | R$29.22 | R$31.23 | +7% |
| SBS SBS | $5.79 | $5.21 | -10% |
| Essential Utilities, Inc WTRG | $38.59 | $21.81 | -43% |
| CSMG3 CSMG3 | R$66.10 | R$60.17 | -9% |
| Grandblue Environment Co 600323 | ¥29.42 | ¥33.29 | +13% |
| American States Water Company AWR | $85.01 | $48.02 | -44% |
| Chengdu Xingrong Environment Co 000598 | ¥6.97 | ¥10.74 | +54% |
| California Water Service Group CWT | $49.73 | $33.56 | -33% |
| Chongqing Water Group 601158 | ¥4.12 | ¥2.77 | -33% |
Compare Companhia Catarinense de Águas e Saneamento " CASAN with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Utilities stocks →
Frequently asked questions
Is Companhia Catarinense de Águas e Saneamento " CASAN (CASN3) overvalued or undervalued?
What is the fair value of CASN3?
What is the quality score of CASN3?
What is the revenue of Companhia Catarinense de Águas e Saneamento " CASAN (CASN3)?
What is the net profit margin of CASN3?
Does Companhia Catarinense de Águas e Saneamento " CASAN pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Companhia Catarinense de Águas e Saneamento " CASAN and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.