São Martinho (SMTO3): Etanol impulsiona resultados e ação segue barata? | Análise 4T26

In this video, I analyze São Martinho's (SMT03) Q4 2026 results, highlighting the strong performance of ethanol and explaining why, despite considering the company good and inexpensive, it's not a business that appeals to me for the long term. 🔗 INVESTMENT CONSULTING Learn about my consulting service: https://sergionetoconsultoria.com.br 📘 FREE E-BOOK Download the material for free: "The 7 Mistakes That Hinder Your Stock Investments (and How to Avoid Them)" 👉 https://forms.gle/y2qbzuM6etZ9j7TB7 📊 Secure your Stock Classification Spreadsheet https://app.monetizze.com.br/checkout... 📲 INSTAGRAM Follow my daily life and content:   / sergiogmneto   📊 SUBSTACK (analysis articles and in-depth content) https://sergiogmneto.substack.com 🔔 FOLLOW THE CHANNEL If you Looking for serious and well-founded analyses for your journey as an investor? Subscribe and turn on notifications. 📅 NEW VIDEOS: Every Monday, Wednesday, and Friday at 6 PM. Detailed asset analyses for those who invest with a long-term focus. LEGAL NOTICE (DISCLAIMER): This content was prepared by Sérgio Gomes de Matos Neto, a Securities Analyst certified by APIMEC under CNPI registration number 8966. 1. Independence: The analyses presented here reflect solely and exclusively my personal and technical opinions, prepared independently and based on publicly available information considered reliable. 2. Educational Nature: This content is strictly informative and does NOT constitute personalized advice, a recommendation to buy, sell, or hold financial assets, a promise of future profitability, or a guarantee of results. 3. Responsibility: Investments in securities involve risks. Investment decisions are the sole responsibility of investors. 4. Conflict of Interests: In compliance with CVM Resolution No. 20/2021, I declare that I am not the holder of the securities that are the subject of this analysis and that I do not fall under any other conflict of interest situation foreseen in Article 21 of said Resolution. 5. Sources: The information used is publicly available on the Investor Relations (IR) websites of each company, and its accuracy and timeliness are the responsibility of their respective issuers.