Cruzeiro do Sul Educacional S.A (CSED3) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Cruzeiro do Sul Educacional S.A stock BRL 10.98, price BRL 3.66, upside +200.0%, quality 71 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 14, 2026.
How to read this chart
60‑month range R$1.63 – R$8.03 · fair‑value band R$8.24 – R$13.72 · the R$3.66 price screens below the R$10.98 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 14, 2026.
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Cruzeiro do Sul Educacional S.A. provides education services in Brazil. The company offers higher education; distance education under the Cruzeiro do Sul Virtual brand; and medical courses.
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It also operates schools under the Colégio Alto Padrão; Colégio Ceunsp Itu which provides infant, elementary, and highschool education services; Colégio Ceunsp Salto offers basic education, kidergarden, and highschool education services; and Colégio Cruzeiro do Sul that offers kindergarten, high school, and technical school services.
The company was founded in 1965 and is headquartered in São Paulo, Brazil.
Stock analysis
Cruzeiro do Sul Educacional S.A (CSED3) currently trades at R$3.66, while our model-based Fair Value estimate is R$10.98, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of R$26.68 per share, and 24 of the 24 models we run sit above the R$3.66 price.
Bear case: the Dividend Discount group reads lowest at R$5.22, and 0 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: R$8.24 (bear) to R$13.72 (bull), the price of R$3.66 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Cruzeiro do Sul Educacional S.A reported revenue of R$2.8B in FY2025 versus R$1.8B in FY2021, a compound +11.7%/yr. Reported net income was R$297M in FY2025, compounding +37.5%/yr from FY2021.
Key figures
Market cap R$1.3B (≈ $235M) Micro · P/E ratio 4.3 · P/S ratio 0.46 · EPS (TTM) R$0.8500 · Dividend yield 13.4% · Net margin 10.6% · Return on equity 19.3% · Return on assets (EBIT) 8.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 28% fair-value upside, at 200%, CSED3 screens cheaper than that median.
Fair Value models
BearR$8.24Fair Value R$10.98BullR$13.72
Price R$3.66 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (R$0.7405 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.5%
Start year 2020 (pandemic). Over 10 years: +15.2% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.7%
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What shareholders gained per year (last 5 years), in BRL (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in BRL: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+71.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+57.6%
Dividend (yield on the price)13.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.24.5% vs 15.1%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 20%
2025 sits 197% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Cruzeiro do Sul Educacional S.A with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Education & Training Services · 113 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)19.3% · Top 25%
Return on assets6.3% · Above median
Net margin (12 months)10.6% · Above median
Operating margin (12 months)20.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)8.2% · Above median
Dividend yield (12 months)13.4% · Top 25%
Balance sheet
Debt / equity0.78× · Highest 25%
Valuation Multiplesvs Education & Training Services median · lower = cheaper
P/E (12 months)4.3× · Cheapest 25%
P/B0.84× · book value is mostly intangible assets ⓘGoodwill and other intangible assets (such as prices paid for past acquisitions, brands, licences or film and series rights) are larger than the equity. So we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Cruzeiro do Sul Educacional S.A Fair Value". https://www.fairvalue-calculator.com/stock/CSED3
Frequently asked questions
Is Cruzeiro do Sul Educacional S.A (CSED3) overvalued or undervalued?
As of Nov 14, 2026, our model estimates a fair value of R$10.98 versus a price of R$3.66, about +200% upside (undervalued).
What is the fair value of CSED3?
Our model-based fair value for Cruzeiro do Sul Educacional S.A is R$10.98 (as of Nov 14, 2026), built from audited fundamentals. The current price: R$3.66.
What is the quality score of CSED3?
Cruzeiro do Sul Educacional S.A has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Cruzeiro do Sul Educacional S.A (CSED3)?
Our model-based price target is the fair value of R$10.98 (as of Nov 14, 2026) from 24 valuation models. Cautious scenario R$8.24, optimistic scenario R$13.72. It is a calculation from audited fundamentals, not an analyst target.
What is the Cruzeiro do Sul Educacional S.A stock forecast for 2026?
Our models put fair value at R$10.98, about +200% upside versus a price of R$3.66 (undervalued). Cautious scenario R$8.24, optimistic scenario R$13.72. The calculation is refreshed regularly with new filings.
What is the revenue of Cruzeiro do Sul Educacional S.A (CSED3)?
Cruzeiro do Sul Educacional S.A reported trailing-twelve-month revenue of about R$2.9B (latest available figure, as of Nov 14, 2026).
Does Cruzeiro do Sul Educacional S.A pay a dividend?
Cruzeiro do Sul Educacional S.A currently shows a dividend yield of 13.41% relative to its recent price (as of Nov 14, 2026).
How much is the dividend of Cruzeiro do Sul Educacional S.A (CSED3)?
Cruzeiro do Sul Educacional S.A has a dividend yield of 13.4%.
What is the intrinsic value of Cruzeiro do Sul Educacional S.A (CSED3)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cruzeiro do Sul Educacional S.A it is R$10.98 per share (as of Nov 14, 2026), against a price of R$3.66. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Cruzeiro do Sul Educacional S.A stock overvalued or undervalued in 2026?
As of Nov 14, 2026, CSED3 trades below its calculated fair value: price R$3.66, fair value R$10.98, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CSED3?
No. The price is what the market pays today (R$3.66); the fair value is what the company's own numbers justify (R$10.98). For Cruzeiro do Sul Educacional S.A the two are R$7.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cruzeiro do Sul Educacional S.A worth?
The market values Cruzeiro do Sul Educacional S.A at about R$1.3B (market capitalisation, as of Nov 14, 2026). Per share that is R$3.66; our models calculate a fair value of R$10.98 per share.
What do the bullish and bearish scenarios say about CSED3?
Our models span a range for Cruzeiro do Sul Educacional S.A: cautious scenario R$8.24, base R$10.98, optimistic R$13.72 per share (as of Nov 14, 2026, price R$3.66). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CSED3?
Cruzeiro do Sul Educacional S.A trades at a price-to-earnings ratio of 4.3 (as of Nov 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$10.98 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 19.3. Other multiples: P/B 0.8, P/S 0.5, EV/EBITDA 2.5.
How solid is the balance sheet of Cruzeiro do Sul Educacional S.A (CSED3)?
Balance-sheet figures for Cruzeiro do Sul Educacional S.A (as of Nov 14, 2026): return on equity 19.3%, debt of 0.78 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is CSED3 from its 52-week high?
Cruzeiro do Sul Educacional S.A trades at R$3.66, about 48% below its 52-week high of R$7.10 and 7% above the low of R$3.42 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of R$10.98 is for.
Which stocks are comparable to Cruzeiro do Sul Educacional S.A?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, Laureate Education, Inc, Covista Inc, Physicswallah Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Cruzeiro do Sul Educacional S.A stock attractive at the current price?
The data as of Nov 14, 2026: price R$3.66, calculated fair value R$10.98 (+200%), Quality Score 71/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CSED3 calculated?
We run Cruzeiro do Sul Educacional S.A through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of R$10.98 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9% above its aggregate fair value. Cruzeiro do Sul Educacional S.A currently trades 67% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Cruzeiro do Sul Educacional S.A (CSED3)?
The closing price on Nov 13, 2026 was R$3.66. Our model-based fair value is R$10.98, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cruzeiro do Sul Educacional S.A right now?
The price is below even our cautious bear case (R$8.24). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Cruzeiro do Sul Educacional S.A (CSED3) come from?
Earnings per share at Cruzeiro do Sul Educacional S.A grew +10.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.1 %, EBIT margin +1.3 %, tax rate +0.3 %, residual (interest, one-offs) −4.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Cruzeiro do Sul Educacional S.A
How large is the market capitalisation of Cruzeiro do Sul Educacional S.A (CSED3)?
The market capitalisation of Cruzeiro do Sul Educacional S.A is R$1.3B (≈ $235M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Cruzeiro do Sul Educacional S.A (CSED3)?
The price-to-sales ratio of Cruzeiro do Sul Educacional S.A is 0.46 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cruzeiro do Sul Educacional S.A (CSED3)?
Earnings per share at Cruzeiro do Sul Educacional S.A are R$0.8500 (price ÷ EPS = P/E 4.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cruzeiro do Sul Educacional S.A (CSED3)?
The dividend yield of Cruzeiro do Sul Educacional S.A is 13.4% (payout 57.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cruzeiro do Sul Educacional S.A (CSED3)?
The net margin of Cruzeiro do Sul Educacional S.A is 10.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Cruzeiro do Sul Educacional S.A (CSED3)?
The return on equity (ROE) of Cruzeiro do Sul Educacional S.A is 19.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Cruzeiro do Sul Educacional S.A (CSED3)?
On an EBIT basis the return on assets of Cruzeiro do Sul Educacional S.A is 8.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Cruzeiro do Sul Educacional S.A (CSED3)?
The operating margin of Cruzeiro do Sul Educacional S.A is 20.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cruzeiro do Sul Educacional S.A (CSED3)?
Revenue at Cruzeiro do Sul Educacional S.A is growing +8.2% versus a year earlier (3y avg +11.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Cruzeiro do Sul Educacional S.A (CSED3)?
Earnings per share at Cruzeiro do Sul Educacional S.A are growing +60.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Cruzeiro do Sul Educacional S.A (CSED3) generate?
The free cash flow of Cruzeiro do Sul Educacional S.A is R$733M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Cruzeiro do Sul Educacional S.A (CSED3) carry?
The net debt of Cruzeiro do Sul Educacional S.A is R$1.7B (fiscal year 2025, ≈ 2.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 14, 2026