CENTRAIS ELETRICAS BRASILEIRAS S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 42.45 BRL | -0.63% |
|
-0.66% | -9.64% |
| Apr. 26 | Centrais Elétricas Brasileiras S.A. - Eletrobrás Approves Dividend for the Fiscal Year 2023, Payable on May 9, 2024 | CI |
| Apr. 19 | Phoenix outbids EDF for control of Brazil power firm EMAE | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 51,247 | 57,626 | 52,311 | 97,242 | 96,843 | 86,149 | - | - |
| Enterprise Value (EV) 1 | 85,643 | 92,185 | 82,613 | 130,317 | 96,843 | 121,668 | 114,680 | 111,580 |
| P/E ratio | 5.61 x | 9.25 x | 9.49 x | 24 x | 20.3 x | 10.8 x | 9.79 x | 6.92 x |
| Yield | 4.58% | 2.81% | 4.52% | - | - | 3.39% | 6.03% | 4.18% |
| Capitalization / Revenue | 1.85 x | 1.98 x | 1.39 x | 2.85 x | 2.61 x | 2.23 x | 2.21 x | 2.17 x |
| EV / Revenue | 3.09 x | 3.17 x | 2.2 x | 3.82 x | 2.61 x | 3.15 x | 2.95 x | 2.81 x |
| EV / EBITDA | 6.48 x | 6.6 x | 4.35 x | 7.33 x | 5.02 x | 5.47 x | 5.02 x | 4.55 x |
| EV / FCF | -42 x | 47.4 x | 14.6 x | 16.9 x | - | 8.28 x | 8.15 x | 6.4 x |
| FCF Yield | -2.38% | 2.11% | 6.85% | 5.9% | - | 12.1% | 12.3% | 15.6% |
| Price to Book | 0.73 x | 0.77 x | 0.68 x | 0.9 x | - | 0.77 x | 0.73 x | 0.73 x |
| Nbr of stocks (in thousands) | 1,352,634 | 1,568,931 | 1,568,931 | 2,301,228 | 2,253,003 | 2,250,474 | - | - |
| Reference price 2 | 38.24 | 37.00 | 33.01 | 43.23 | 46.98 | 42.45 | 42.45 | 42.45 |
| Announcement Date | 3/28/20 | 3/19/21 | 3/18/22 | 3/13/23 | 3/14/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 27,726 | 29,081 | 37,616 | 34,074 | 37,159 | 38,649 | 38,926 | 39,696 |
| EBITDA 1 | 13,210 | 13,978 | 19,007 | 17,780 | 19,274 | 22,232 | 22,825 | 24,523 |
| EBIT 1 | 10,262 | 10,444 | 18,173 | 15,090 | 10,525 | 18,166 | 20,003 | 21,757 |
| Operating Margin | 37.01% | 35.91% | 48.31% | 44.29% | 28.33% | 47% | 51.39% | 54.81% |
| Earnings before Tax (EBT) 1 | 6,369 | 6,953 | 10,994 | 3,347 | 1,728 | 10,192 | 13,166 | 15,718 |
| Net income 1 | 10,697 | 6,387 | 5,714 | 3,638 | 4,882 | 8,064 | 9,765 | 11,097 |
| Net margin | 38.58% | 21.96% | 15.19% | 10.68% | 13.14% | 20.86% | 25.09% | 27.95% |
| EPS 2 | 6.820 | 4.000 | 3.480 | 1.800 | 2.310 | 3.930 | 4.337 | 6.137 |
| Free Cash Flow 1 | -2,041 | 1,944 | 5,657 | 7,690 | - | 14,699 | 14,067 | 17,436 |
| FCF margin | -7.36% | 6.68% | 15.04% | 22.57% | - | 38.03% | 36.14% | 43.92% |
| FCF Conversion (EBITDA) | - | 13.91% | 29.76% | 43.25% | - | 66.12% | 61.63% | 71.1% |
| FCF Conversion (Net income) | - | 30.44% | 99.01% | 211.36% | - | 182.28% | 144.06% | 157.13% |
| Dividend per Share 2 | 1.750 | 1.040 | 1.494 | - | - | 1.438 | 2.562 | 1.773 |
| Announcement Date | 3/28/20 | 3/19/21 | 3/18/22 | 3/13/23 | 3/14/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,957 | 11,492 | 9,181 | 8,856 | 8,033 | 9,009 | 9,210 | 9,246 | 8,781 | 9,922 | 10,183 | 10,195 | 10,093 | 10,407 | - |
| EBITDA 1 | 5,598 | 4,775 | 5,428 | 4,861 | 3,197 | 4,401 | 5,616 | 5,431 | 4,560 | 3,840 | 5,558 | 5,788 | 5,496 | 5,709 | - |
| EBIT 1 | 4,215 | 3,352 | 4,230 | 2,144 | 2,385 | 3,522 | 3,987 | 4,994 | 3,635 | - | 4,840 | 4,854 | 4,553 | 4,757 | - |
| Operating Margin | 42.33% | 29.17% | 46.07% | 24.21% | 29.69% | 39.09% | 43.29% | 54.01% | 41.4% | - | 47.53% | 47.61% | 45.11% | 45.71% | - |
| Earnings before Tax (EBT) 1 | 4,033 | 795 | 3,585 | 1,295 | -212.6 | -1,138 | 854.1 | 2,139 | 771 | -2,371 | 2,453 | 2,295 | 2,002 | 2,307 | - |
| Net income 1 | 923.8 | 610 | 2,716 | 1,401 | -14.53 | -478.6 | 488.6 | 1,619 | 1,477 | 1,048 | 2,020 | 2,276 | 2,084 | 2,950 | - |
| Net margin | 9.28% | 5.31% | 29.58% | 15.82% | -0.18% | -5.31% | 5.31% | 17.51% | 16.82% | 10.57% | 19.84% | 22.32% | 20.65% | 28.35% | - |
| EPS 2 | 0.6258 | 0.0640 | 1.830 | 0.9646 | -0.008500 | -0.3400 | 0.2300 | 0.7800 | 0.5000 | 0.4300 | 1.034 | 0.9890 | 0.9056 | 1.282 | - |
| Dividend per Share 2 | - | 1.494 | - | - | - | - | - | - | - | - | - | - | - | 1.357 | - |
| Announcement Date | 11/16/21 | 3/18/22 | 5/16/22 | 8/12/22 | 11/10/22 | 3/13/23 | 5/5/23 | 8/9/23 | 11/8/23 | 3/14/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 34,396 | 34,559 | 30,302 | 33,075 | - | 35,519 | 28,531 | 25,431 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.604 x | 2.472 x | 1.594 x | 1.86 x | - | 1.598 x | 1.25 x | 1.037 x |
| Free Cash Flow 1 | -2,041 | 1,944 | 5,657 | 7,690 | - | 14,699 | 14,067 | 17,437 |
| ROE (net income / shareholders' equity) | 16.9% | 13.2% | 16.3% | 11.2% | - | 9.44% | 9.43% | 10.8% |
| ROA (Net income/ Total Assets) | - | 5.31% | 6.62% | 4.56% | - | 3.57% | 3.76% | 4.92% |
| Assets 1 | - | 120,321 | 86,270 | 79,730 | - | 226,129 | 260,047 | 225,729 |
| Book Value Per Share 2 | 52.40 | 48.00 | 48.50 | 48.00 | - | 55.20 | 57.90 | 58.50 |
| Cash Flow per Share 2 | - | 2.700 | 5.160 | 4.590 | - | 2.580 | 5.540 | - |
| Capex 1 | 1,955 | 2,255 | 2,573 | 1,586 | - | 4,945 | 3,440 | 2,942 |
| Capex / Sales | 7.05% | 7.75% | 6.84% | 4.65% | - | 12.79% | 8.84% | 7.41% |
| Announcement Date | 3/28/20 | 3/19/21 | 3/18/22 | 3/13/23 | 3/14/24 | - | - | - |
1BRL in Million2BRL
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
42.45
BRL
Average target price
59.13
BRL
Spread / Average Target
+39.29%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -9.64% | 16.81B | |
| +9.55% | 86.34B | |
| +10.12% | 11.2B | |
| +43.27% | 11.15B | |
| -16.20% | 10.32B | |
| +6.77% | 9.08B | |
| +12.09% | 6.76B | |
| -3.03% | 5.29B | |
| +0.10% | 4.35B | |
| -.--% | 3.84B |
- Stock Market
- Equities
- ELET6 Stock
- Financials Centrais Eletricas Brasileiras S.A.
