COMPARE · Reviewed July 29, 2026
CSAN vs CVI
Verdict: Side-by-side breakdown using the Bull Rankings model. CSAN scored 54.7, CVI scored 60.7 — CVI leads.
Compare another set
CSAN
Cosan S.A.
54.7
$3.17 · $3.1B
fundamentals as of
Score gap
6.0
CVI leads
CVI
CVR Energy, Inc.
60.7
$38.26 · $3.8B
fundamentals as of
The model, pillar by pillar (0–100 each)
CSAN
stronger →← stronger
CVI
46
Qualityreturns · margins · balance sheet
63
50
Growthrevenue & earnings expansion
50
98
Valuevaluation vs sector peers
72
CSAN and CVI split the three pillars evenly.
Fundamentals, head-to-head
CSAN
CVI
$1.0bC+
FCF
$351mC
+11.4%B
Rev
+17.9%B+
1.10C+
D/E
2.45D
0.4xA
P/S
0.5xA
—
PEG
0.71A-
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
CSAN
CVI
83% below
Price vs fair valuelower is cheaper
60% below
decline
Growth the price implies10-yr FCF · lower = less priced in
~-7%/yr
+427%
1-yr DCF upside
+90%
+486%
5-yr DCF upside
+151%
+583%
10-yr DCF upside
+279%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
CSAN
Why this score
- Cyclical growth
- Foreign reporter (BRL)
CVI
Why this score
- Cyclical growth
The companies
CSANCosan S.A.
Why now
Oil & Gas Refining & Marketing · market cap $3.1b. Down 47% from 52-week high of $6.00 — deep drawdown territory. Revenue growing +11%, comfortably above the S&P median. 4 sell-side analysts publish a mean 1-yr target of $4.15 (implying +31% upside).
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Currently unprofitable (margin -18.6%) — path to GAAP profitability is the core thesis risk. Down 47% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. ROE -21% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate.
CVICVR Energy, Inc.
Why now
Oil & Gas Refining & Marketing · market cap $3.8b. 8% off the 52-week high of $41.67. Revenue growing +18%, comfortably above the S&P median. PEG 0.71 — paying under fair value for the growth rate. 5 sell-side analysts rate this an Underperform with a mean 1-yr target of $29.40 (implying -23% upside).
Moat
ROE 13% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
D/E 2.45 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Net margin 0.8% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first. Production-cost sensitivity — top-quartile cost producers generate cash through the cycle while marginal producers burn it; watch the cost-per-unit trend, not just headline revenue.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.