Cosan Full Year 2023 Earnings: EPS: R$0.56 (vs R$0.60 in FY 2022)

Cosan (BVMF:CSAN3) Full Year 2023 Results

Key Financial Results

• Revenue: R$39.5b (flat on FY 2022).
• Net income: R$1.05b (down 6.9% from FY 2022).
• Profit margin: 2.7% (down from 2.9% in FY 2022).
• EPS: R$0.56 (down from R$0.60 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cosan Earnings Insights

The primary driver behind last 12 months revenue was the Raízen segment contributing a total revenue of R$221.7b (562% of total revenue). Notably, cost of sales worth R$28.5b amounted to 72% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling R$6.54b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how CSAN3's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Brazil are expected to remain flat.

Performance of the Brazilian Oil and Gas industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Cosan (1 makes us a bit uncomfortable) you should be aware of.

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