COMPARE · Reviewed July 30, 2026
CSAN vs PBF
Verdict: Side-by-side breakdown using the Bull Rankings model. CSAN scored 54.5, PBF scored 52.5 — CSAN leads.
Compare another set
CSAN
Cosan S.A.
54.5
$3.16 · $3.1B
fundamentals as of
Score gap
2.0
CSAN leads
PBF
PBF Energy Inc.
52.5
$73.10 · $8.7B
fundamentals as of
The model, pillar by pillar (0–100 each)
CSAN
stronger →← stronger
PBF
46
Qualityreturns · margins · balance sheet
69
50
Growthrevenue & earnings expansion
50
97
Valuevaluation vs sector peers
42
CSAN and PBF split the three pillars evenly.
Fundamentals, head-to-head
CSAN
PBF
$1.0bC+
FCF
$743mC+
+11.4%B
Rev
+13.5%B+
1.10C
D/E
0.64B
0.4xA
P/S
—
—
P/E
16.7xB
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
CSAN
PBF
83% below
Price vs fair valuelower is cheaper
4% below
decline
Growth the price implies10-yr FCF · lower = less priced in
~-3%/yr
+433%
1-yr DCF upside
+16%
+493%
5-yr DCF upside
+5%
+592%
10-yr DCF upside
-10%
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)
PBF
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 $4.19 (implying +32% 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.
PBFPBF Energy Inc.
Why now
Oil & Gas Refining & Marketing · market cap $8.7b. Trading near 52-week high of $74.74 — momentum setup, limited technical margin of safety. Revenue growing +14%, comfortably above the S&P median. 13 sell-side analysts rate this a Hold with a mean 1-yr target of $57.08 (implying -22% upside).
Moat
ROE 21% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately.
Risk
Trading within 2% of the 52-week high — limited technical margin of safety; a momentum reversal would test conviction. Net margin 3.9% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first. Commodity exposure — earnings power tracks the price of the underlying commodity, not management execution. A 15-20% move in the commodity reprices the equity well before fundamentals catch up.
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.