Compass Gas e Energia S.A (PASS3) Fair Value & Analysis
Utilities · BR · Market cap R$17.8B
Fair value as of: Jul 17, 2026
From 23 valuation models · updated 23 days ago
Fair value updated Jul 17, 2026, revised from R$32.03 to R$36.53 (+14.0%) since Jun 24, 2026. Share price −6.9% over the past month.
A solid business, screening 60% undervalued on our models.
What matters now
- Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (R$21.87 to R$52.41) leaves room in how you read the outcome.
Price vs Fair Value (3 months)
White line = price, green steps = our fair value per fiscal year. As of Jul 17, 2026.
How to read this chart
3‑month range R$22.83 – R$27.39 · fair‑value band R$21.87 – R$52.41 · the R$22.83 price screens below the R$36.53 fair value. As of Jul 17, 2026.
Analysis
Compass Gas e Energia S.A (PASS3) currently trades at R$22.83, while our model-based Fair Value estimate is R$36.53, implying the stock looks roughly 60.0% undervalued today. The Quality Score stands at 53/100 (solid 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: medium), always confirm before acting.
Over the trailing twelve months, Compass Gas e Energia S.A generated revenue of R$15.6B at a net margin of 7.9%. Revenue declined 24.8% year over year. It earns a return on equity of 18.9%. Net debt stands at R$11.9B. Fundamentals as of Jul 17, 2026
Our scenario range runs from R$21.87 (bear case) to R$52.41 (bull case); at R$22.83, 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 19% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -19% fair-value upside, at 60%, PASS3 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 23 models by family
Widest divergence: Multiples (R$36.77) versus Asset-Based (R$5.68). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 40
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
Compass Gas e Energia S.A. engages in distribution and promotion of natural gas in Brazil. The company operates through two operating segments: Gas Distribution and Marketing and Services.
Full company description
Compass Gas e Energia S.A. engages in distribution and promotion of natural gas in Brazil. The company operates through two operating segments: Gas Distribution and Marketing and Services. It engages in distribution of piped natural gas, origination, commercialization and gas supply infrastructure, as well as the development of solutions aligned with the energy transition, including biomethane projects. The company serves serves customers in the residential, commercial, industrial, automotive, cogeneration, and thermoelectric generation. The company was founded in 2012 and is based in São Paulo, Brazil. Compass Gas e Energia S.A. is a subsidiary of Cosan Dez Participacoes S. A.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Compass Gas e Energia S.A reported revenue of R$16.6B in FY2025 versus R$12.3B in FY2021, a compound +7.7%/yr. Reported net income was R$1.3B in FY2025, compounding −7.1%/yr from FY2021.
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Peer Group
Utilities - Regulated Gas · 104 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 Gas 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 Gas stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Naturgy Energy Group NTGY | €28.84 | €35.80 | +24% |
| Atmos Energy Corporation ATO | $177.68 | $85.67 | -52% |
| NiSource Inc NI | $47.07 | $28.59 | -39% |
| Uniper SE UN0 | €42.80 | €49.13 | +15% |
| The Hong Kong and China Gas Company 0003 | HK$7.03 | HK$5.08 | -28% |
| Italgas S.p.A IG | €9.98 | €8.11 | -19% |
| GAIL (India) Limited GAIL | ₹171.71 | ₹147.74 | -14% |
| Adani Total Gas Limited ATGL | ₹723.90 | ₹101.36 | -86% |
| ENN Natural Gas Co 600803 | ¥17.30 | ¥25.71 | +49% |
| UGI Corporation UGI | $35.84 | $27.13 | -24% |
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Frequently asked questions
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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.
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