Stock COCE5 COMPANHIA ENERGÉTICA DO CEARÁ - COELCE
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Financials Companhia Energética do Ceará - COELCE

Equities

COCE5

BRCOCEACNPA3

Electric Utilities

Market Closed - Sao Paulo
Other stock markets
 04:05:00 2024-04-26 pm EDT 		5-day change 1st Jan Change
35.38 BRL +0.37% Intraday chart for Companhia Energética do Ceará - COELCE -0.37% -18.48%
Feb. 28 Companhia Energética do Ceará - COELCE Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 CI
Feb. 28 Companhia Energética do Ceará - COELCE Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 3,256 4,359 5,277 4,563 4,116 3,697
Enterprise Value (EV) 1 4,981 6,401 7,513 8,056 8,676 9,525
P/E ratio 10.3 x 12 x 17.6 x 9.26 x 5.48 x 10.7 x
Yield - 3.4% 3.52% 5.81% 3.39% -
Capitalization / Revenue 0.64 x 0.81 x 0.9 x 0.56 x 0.48 x 0.43 x
EV / Revenue 0.98 x 1.19 x 1.28 x 0.99 x 1.01 x 1.1 x
EV / EBITDA 6.85 x 7.61 x 10.4 x 6.35 x 5.42 x 5.39 x
EV / FCF -7.94 x -37.9 x -27.3 x -13.4 x -15.2 x -12.6 x
FCF Yield -12.6% -2.64% -3.66% -7.47% -6.59% -7.96%
Price to Book 1.31 x 1.56 x 1.45 x 1.3 x 0.89 x 0.81 x
Nbr of stocks (in thousands) 77,855 77,855 77,855 77,855 77,855 77,855
Reference price 2 48.00 62.41 60.00 58.09 45.06 43.40
Announcement Date 2/27/19 2/21/20 2/25/21 2/25/22 2/24/23 2/28/24
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 5,102 5,377 5,867 8,110 8,568 8,623
EBITDA 1 727.6 841.2 722.4 1,268 1,601 1,766
EBIT 1 504.2 577.2 415.9 932.1 1,217 1,238
Operating Margin 9.88% 10.73% 7.09% 11.49% 14.21% 14.36%
Earnings before Tax (EBT) 1 454.3 491.9 368.7 650.2 804.6 456.5
Net income 1 364.5 404.9 265.2 488.6 640.6 315.5
Net margin 7.14% 7.53% 4.52% 6.02% 7.48% 3.66%
EPS 2 4.682 5.201 3.406 6.276 8.228 4.052
Free Cash Flow 1 -627.4 -168.7 -274.7 -601.7 -571.4 -758.3
FCF margin -12.3% -3.14% -4.68% -7.42% -6.67% -8.79%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - 2.124 2.114 3.373 1.528 -
Announcement Date 2/27/19 2/21/20 2/25/21 2/25/22 2/24/23 2/28/24
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,725 2,042 2,236 3,494 4,561 5,828
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.371 x 2.428 x 3.095 x 2.755 x 2.848 x 3.299 x
Free Cash Flow 1 -627 -169 -275 -602 -571 -758
ROE (net income / shareholders' equity) 13.4% 13.5% 8.36% 14.5% 17.2% 7.74%
ROA (Net income/ Total Assets) 5.17% 4.76% 2.88% 5.65% 6.46% 6.09%
Assets 1 7,051 8,505 9,197 8,640 9,912 5,178
Book Value Per Share 2 36.80 40.00 41.50 44.80 50.80 53.80
Cash Flow per Share 2 1.230 1.180 2.130 2.620 2.340 1.240
Capex 1 891 - 974 1,168 1,980 1,294
Capex / Sales 17.47% - 16.6% 14.4% 23.11% 15%
Announcement Date 2/27/19 2/21/20 2/25/21 2/25/22 2/24/23 2/28/24
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Other Electric Utilities

1st Jan change Capi.
COMPANHIA ENERGÉTICA DO CEARÁ - COELCE Stock Companhia Energética do Ceará - COELCE
-18.48% 684M
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GE VERNOVA INC. Stock GE Vernova Inc.
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