Companhia de Saneamento Basico (ADR) (NYSE:SBS)
CAPS Rating:
The Company provides water and sewage services to 367 municipalities in the State of Sao Paulo either under concession contracts or under another form of legal arrangement. It also provides water services on a wholesale basis.
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Water and sewer treatment company in Brazil who as an emerging market with steady population growth will drive steady growth which many say will exceed 10% per year. As the world's third largest water utility its stock price is cheap at one times revenue and 70% of BV.