Financials Companhia de Eletricidade do Estado da Bahia - COELBA

Equities

CEEB3

BRCEEBACNOR3

Electric Utilities

Market Closed - Sao Paulo 12:41:58 2024-04-26 pm EDT 5-day change 1st Jan Change
38.9 BRL -0.23% Intraday chart for Companhia de Eletricidade do Estado da Bahia - COELBA +1.22% -4.42%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 6,875 10,442 11,665 8,930 10,166 10,621
Enterprise Value (EV) 1 12,280 17,324 19,030 19,797 22,664 24,448
P/E ratio 9.67 x 10.4 x 9.56 x 5.26 x 6.63 x 5.8 x
Yield 15.1% 2.76% 2.38% 15.5% 12.4% -
Capitalization / Revenue 0.74 x 1.02 x 1.03 x 0.63 x 0.73 x 0.7 x
EV / Revenue 1.33 x 1.7 x 1.69 x 1.39 x 1.62 x 1.61 x
EV / EBITDA 7.83 x 8.06 x 7.85 x 5.58 x 5.68 x 5.26 x
EV / FCF -8.37 x -10.3 x 426 x -24.5 x -62.8 x -177 x
FCF Yield -11.9% -9.75% 0.23% -4.09% -1.59% -0.57%
Price to Book 1.34 x 2.01 x 1.91 x 1.42 x 1.76 x 1.66 x
Nbr of stocks (in thousands) 262,096 262,096 262,096 262,096 262,096 262,096
Reference price 2 26.60 39.95 44.45 33.50 39.65 40.70
Announcement Date 2/15/19 2/17/20 2/9/21 2/17/22 2/15/23 2/7/24
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 9,237 10,219 11,285 14,265 13,978 15,159
EBITDA 1 1,569 2,150 2,423 3,547 3,990 4,647
EBIT 1 1,134 1,646 1,849 2,873 3,218 3,775
Operating Margin 12.27% 16.1% 16.38% 20.14% 23.02% 24.9%
Earnings before Tax (EBT) 1 760.1 1,163 1,458 2,061 1,887 2,025
Net income 1 638.6 1,009 1,219 1,669 1,567 1,839
Net margin 6.91% 9.88% 10.8% 11.7% 11.21% 12.13%
EPS 2 2.751 3.852 4.651 6.368 5.979 7.017
Free Cash Flow 1 -1,467 -1,690 44.62 -808.8 -360.9 -138.2
FCF margin -15.88% -16.54% 0.4% -5.67% -2.58% -0.91%
FCF Conversion (EBITDA) - - 1.84% - - -
FCF Conversion (Net income) - - 3.66% - - -
Dividend per Share 2 4.018 1.102 1.057 5.191 4.914 -
Announcement Date 2/15/19 2/17/20 2/9/21 2/17/22 2/15/23 2/7/24
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,406 6,882 7,365 10,867 12,498 13,827
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.446 x 3.2 x 3.04 x 3.064 x 3.132 x 2.975 x
Free Cash Flow 1 -1,467 -1,690 44.6 -809 -361 -138
ROE (net income / shareholders' equity) 15.3% 19.4% 21.5% 27.2% 25.9% 29.8%
ROA (Net income/ Total Assets) 5.23% 6.14% 5.8% 7.92% 8.04% 8.82%
Assets 1 12,203 16,428 21,026 21,061 19,490 20,856
Book Value Per Share 2 19.90 19.90 23.30 23.60 22.60 24.60
Cash Flow per Share 2 3.370 3.250 1.810 2.480 3.820 3.650
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 2/15/19 2/17/20 2/9/21 2/17/22 2/15/23 2/7/24
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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