Market Closed -
Sao Paulo
04:06:00 2024-05-31 pm EDT
|
5-day change
|
1st Jan Change
|
29.08
BRL
|
-0.07%
|
|
-1.39%
|
-4.02%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
8,088
|
7,938
|
7,062
|
8,275
|
9,603
|
9,217
|
-
|
-
|
Enterprise Value (EV)
1 |
12,742
|
14,833
|
15,178
|
17,223
|
18,546
|
18,271
|
18,474
|
18,971
|
P/E ratio
|
26.5
x
|
35.6
x
|
19.1
x
|
15.9
x
|
41
x
|
11.9
x
|
9.6
x
|
7.42
x
|
Yield
|
0.83%
|
1.03%
|
1.7%
|
1.7%
|
1.21%
|
4.71%
|
4.62%
|
5.1%
|
Capitalization / Revenue
|
4.56
x
|
4.19
x
|
2.78
x
|
2.82
x
|
2.9
x
|
2.75
x
|
2.47
x
|
2.36
x
|
EV / Revenue
|
7.19
x
|
7.83
x
|
5.98
x
|
5.87
x
|
5.6
x
|
5.45
x
|
4.96
x
|
4.85
x
|
EV / EBITDA
|
10.2
x
|
10.2
x
|
7.21
x
|
6.99
x
|
7.38
x
|
6.46
x
|
5.83
x
|
5.79
x
|
EV / FCF
|
-53.4
x
|
-19.5
x
|
18.1
x
|
11.7
x
|
9.2
x
|
10.4
x
|
9.3
x
|
14.2
x
|
FCF Yield
|
-1.87%
|
-5.13%
|
5.54%
|
8.56%
|
10.9%
|
9.65%
|
10.8%
|
7.05%
|
Price to Book
|
1.62
x
|
1.38
x
|
2.2
x
|
3.57
x
|
3.92
x
|
1.55
x
|
1.37
x
|
1.33
x
|
Nbr of stocks (in thousands)
|
316,949
|
316,949
|
316,949
|
316,949
|
316,949
|
316,949
|
-
|
-
|
Reference price
2 |
25.52
|
25.05
|
22.28
|
26.11
|
30.30
|
29.08
|
29.08
|
29.08
|
Announcement Date
|
3/11/20
|
3/22/21
|
2/24/22
|
3/2/23
|
3/5/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
1,772
|
1,895
|
2,538
|
2,932
|
3,311
|
3,354
|
3,727
|
3,910
|
EBITDA
1 |
1,246
|
1,451
|
2,105
|
2,464
|
2,512
|
2,828
|
3,169
|
3,276
|
EBIT
1 |
1,014
|
1,157
|
1,754
|
2,040
|
2,358
|
2,374
|
2,765
|
2,900
|
Operating Margin
|
57.2%
|
61.05%
|
69.11%
|
69.56%
|
71.2%
|
70.77%
|
74.18%
|
74.18%
|
Earnings before Tax (EBT)
1 |
758.8
|
697.1
|
841.3
|
1,078
|
1,480
|
1,422
|
1,938
|
2,053
|
Net income
1 |
305
|
222.4
|
369.4
|
522.9
|
694.1
|
746.9
|
910.3
|
938.2
|
Net margin
|
17.21%
|
11.73%
|
14.56%
|
17.84%
|
20.96%
|
22.27%
|
24.42%
|
24%
|
EPS
2 |
0.9615
|
0.7027
|
1.165
|
1.646
|
0.7389
|
2.441
|
3.029
|
3.917
|
Free Cash Flow
1 |
-238.5
|
-761.6
|
840.4
|
1,475
|
2,016
|
1,763
|
1,986
|
1,338
|
FCF margin
|
-13.46%
|
-40.18%
|
33.12%
|
50.31%
|
60.89%
|
52.56%
|
53.28%
|
34.22%
|
FCF Conversion (EBITDA)
|
-
|
-
|
39.93%
|
59.87%
|
80.28%
|
62.33%
|
62.67%
|
40.84%
|
FCF Conversion (Net income)
|
-
|
-
|
227.47%
|
282.09%
|
290.51%
|
236.03%
|
218.17%
|
142.61%
|
Dividend per Share
2 |
0.2126
|
0.2589
|
0.3791
|
0.4438
|
0.3654
|
1.368
|
1.344
|
1.483
|
Announcement Date
|
3/11/20
|
3/22/21
|
2/24/22
|
3/2/23
|
3/5/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
679.7
|
713.7
|
701.2
|
757.2
|
759.8
|
1,004
|
808.7
|
797.3
|
878.3
|
996.5
|
836.4
|
669.1
|
1,004
|
-
|
-
|
EBITDA
1 |
593.7
|
622.2
|
595.6
|
628.8
|
617.3
|
811.6
|
680.7
|
662.4
|
608.9
|
811.8
|
727.1
|
715.7
|
810.8
|
790
|
786
|
EBIT
1 |
499.2
|
520
|
487.4
|
522.8
|
509.8
|
776.8
|
573.3
|
553.4
|
567
|
768.9
|
676.5
|
654.3
|
786.8
|
-
|
-
|
Operating Margin
|
73.45%
|
72.86%
|
69.51%
|
69.05%
|
67.09%
|
77.37%
|
70.89%
|
69.4%
|
64.56%
|
77.16%
|
80.89%
|
97.79%
|
78.39%
|
-
|
-
|
Earnings before Tax (EBT)
1 |
-
|
-
|
-
|
-
|
293.7
|
492.1
|
379.6
|
-
|
383.1
|
515
|
547
|
617
|
646
|
-
|
-
|
Net income
1 |
143.6
|
166.9
|
50.18
|
146.4
|
159.5
|
230.7
|
203.1
|
163.4
|
141.2
|
254.9
|
282
|
318
|
333
|
-
|
-
|
Net margin
|
21.13%
|
23.38%
|
7.16%
|
19.33%
|
20.99%
|
22.98%
|
25.11%
|
20.49%
|
16.07%
|
25.58%
|
33.72%
|
47.52%
|
33.18%
|
-
|
-
|
EPS
2 |
0.4530
|
0.5270
|
0.1572
|
0.4623
|
0.4993
|
0.2507
|
0.2395
|
0.5192
|
0.2212
|
0.2784
|
0.7606
|
0.7543
|
0.9037
|
-
|
-
|
Dividend per Share
2 |
0.3791
|
-
|
-
|
-
|
0.4438
|
0.0385
|
-
|
0.0385
|
0.2500
|
-
|
0.1250
|
0.1250
|
0.8333
|
-
|
-
|
Announcement Date
|
2/24/22
|
5/10/22
|
8/9/22
|
11/9/22
|
3/2/23
|
5/11/23
|
8/9/23
|
11/9/23
|
3/5/24
|
5/9/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
4,654
|
6,895
|
8,116
|
8,948
|
8,943
|
9,055
|
9,257
|
9,754
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.736
x
|
4.752
x
|
3.856
x
|
3.631
x
|
3.561
x
|
3.201
x
|
2.921
x
|
2.977
x
|
Free Cash Flow
1 |
-239
|
-762
|
840
|
1,475
|
2,016
|
1,763
|
1,986
|
1,338
|
ROE (net income / shareholders' equity)
|
6.54%
|
17.5%
|
6.01%
|
7.74%
|
9.7%
|
9.57%
|
15.7%
|
18.4%
|
ROA (Net income/ Total Assets)
|
1.8%
|
4.49%
|
1.53%
|
1.95%
|
2.46%
|
4.29%
|
4.44%
|
4.1%
|
Assets
1 |
16,988
|
4,952
|
24,149
|
26,826
|
28,185
|
17,407
|
20,520
|
22,894
|
Book Value Per Share
2 |
15.80
|
18.20
|
10.10
|
7.320
|
7.740
|
18.70
|
21.30
|
21.80
|
Cash Flow per Share
2 |
-0.3400
|
-2.500
|
1.110
|
2.430
|
-
|
4.810
|
-
|
-
|
Capex
1 |
130
|
157
|
215
|
839
|
360
|
454
|
647
|
1,204
|
Capex / Sales
|
7.35%
|
8.27%
|
8.46%
|
28.6%
|
10.88%
|
13.55%
|
17.35%
|
30.81%
|
Announcement Date
|
3/11/20
|
3/22/21
|
2/24/22
|
3/2/23
|
3/5/24
|
-
|
-
|
-
|
Last Close Price
29.08
BRL Average target price
33.02
BRL Spread / Average Target +13.56% Consensus |
1st Jan change
|
Capi.
|
---|
| -4.02% | 1.76B | | +31.81% | 164B | | +14.29% | 87.63B | | +1.94% | 82.56B | | +6.73% | 79.93B | | -1.10% | 73.31B | | +86.00% | 68.48B | | -.--% | 48.21B | | +11.07% | 47.57B | | +14.72% | 45.2B |
Other Electric Utilities
|