Companhia de Saneamento do Paraná - SANEPAR (SAPR4.SA)

Companhia de Saneamento do Paraná - SANEPAR (SAPR4.SA) — VMCI valuation read

SAPR4.SA screens at VMCI 68/100, a 18-point gap above the Utilities sector median (50). For a mid-cap Companhia de Saneamento do Paraná - SANEPAR share, that placement says the multi-pillar composite is cheaper or higher quality than the typical peer on a like-for-like basis.

SAPR4.SA has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: SAPR4.SA trades at 22.0x earnings, 22% above the Utilities median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Utilities group. Quality: ROIC of 16.0% sits 6.0pp above the Utilities median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 0.5x leaves covenant headroom, which sets the rate-cycle exposure for Companhia de Saneamento do Paraná - SANEPAR.

SAPR4.SA rose 2.5% over the trailing 7 days, with a -1.7% read on a 30-day basis.