` Comparison: CSAN, PSX - Alpha Spread

CSAN
vs
PSX

Over the past 12 months, CSAN has underperformed PSX, delivering a return of -30% compared to the PSX's +22% growth.

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CSAN
PSX
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Valuation Comparison

CSAN Intrinsic Value
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PSX Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Cosan SA
NYSE:CSAN
3.94 USD
Phillips 66
NYSE:PSX
139.98 USD
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Valuation Scenario:
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Base Case
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Growth Comparison

Growth Over Time
CSAN, PSX

CSAN
PSX
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Cosan SA
Revenue
Phillips 66
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
CSAN, PSX

CSAN
PSX
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Cosan SA
NYSE:CSAN
Phillips 66
NYSE:PSX
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What is Free Cash Flow?

Gross Margin

CSAN
31.5%
PSX
10.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Cosan SA
Phillips 66

Operating Margin

CSAN
21%
PSX
2%
LTM 3Y Avg 5Y Avg 10Y Avg
Cosan SA
Phillips 66

Net Margin

CSAN
-27%
PSX
1.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Cosan SA
Phillips 66

FCF Margin

CSAN
8.7%
PSX
1%
LTM 3Y Avg 5Y Avg 10Y Avg
Cosan SA
Phillips 66

ROE

CSAN
-87%
PSX
5.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Cosan SA
Phillips 66

ROA

CSAN
-8.7%
PSX
2%
LTM 3Y Avg 5Y Avg 10Y Avg
Cosan SA
Phillips 66

ROIC

CSAN
15.9%
PSX
3.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Cosan SA
Phillips 66

ROCE

CSAN
7.8%
PSX
4.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Cosan SA
Phillips 66

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CSAN, PSX

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Performance Gap
CSAN, PSX

Performance Gap Between CSAN and PSX
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Performance By Year
CSAN, PSX

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CSAN
PSX
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