Financials Companhia Paranaense de Energia - COPEL

Equities

CPLE6

BRCPLEACNPB9

Electric Utilities

Market Closed - Sao Paulo 04:07:46 2024-04-26 pm EDT 5-day change 1st Jan Change
9.1 BRL -3.54% Intraday chart for Companhia Paranaense de Energia - COPEL -2.26% -12.16%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,915 19,787 17,379 20,597 29,809 26,189 - -
Enterprise Value (EV) 1 27,165 26,315 25,928 20,597 29,809 39,518 38,881 38,062
P/E ratio 9.5 x 5.62 x 1.69 x 19.5 x 13 x 13 x 11.5 x 8.89 x
Yield 3.57% 12.9% 18.2% - - 4.6% 5.32% 5.77%
Capitalization / Revenue 1.16 x 1.06 x 0.72 x 0.94 x 1.39 x 1.35 x 1.19 x 1.1 x
EV / Revenue 1.67 x 1.41 x 1.08 x 0.94 x 1.39 x 2.04 x 1.77 x 1.6 x
EV / EBITDA 6.57 x 5.19 x 3.09 x 4.08 x 6.25 x 7.59 x 6.71 x 5.62 x
EV / FCF 26.7 x 12.5 x 21.5 x - - -1,718 x 16 x 11.8 x
FCF Yield 3.74% 7.98% 4.66% - - -0.06% 6.27% 8.48%
Price to Book 1.07 x 1.01 x 0.8 x - - 1.13 x 1.04 x 0.98 x
Nbr of stocks (in thousands) 2,739,827 2,736,554 2,736,553 2,736,553 2,982,810 2,982,810 - -
Reference price 2 6.907 7.494 6.440 7.910 10.36 9.100 9.100 9.100
Announcement Date 3/26/20 3/18/21 3/22/22 3/21/23 2/29/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,244 18,633 23,984 21,928 21,479 19,390 22,007 23,827
EBITDA 1 4,137 5,070 8,401 5,044 4,769 5,207 5,796 6,768
EBIT 1 3,084 4,253 5,446 4,707 3,387 3,810 4,230 5,406
Operating Margin 18.98% 22.83% 22.71% 21.47% 15.77% 19.65% 19.22% 22.69%
Earnings before Tax (EBT) 1 2,702 5,120 5,119 950.2 2,490 3,129 3,433 4,724
Net income 1 2,063 3,904 3,767 1,112 2,259 1,998 2,085 2,675
Net margin 12.7% 20.95% 15.71% 5.07% 10.52% 10.3% 9.47% 11.22%
EPS 2 0.7270 1.334 3.820 0.4064 0.7979 0.7015 0.7927 1.024
Free Cash Flow 1 1,016 2,099 1,208 - - -23 2,437 3,226
FCF margin 6.26% 11.26% 5.04% - - -0.12% 11.07% 13.54%
FCF Conversion (EBITDA) 24.57% 41.4% 14.38% - - - 42.04% 47.67%
FCF Conversion (Net income) 49.27% 53.76% 32.06% - - - 116.91% 120.62%
Dividend per Share 2 0.2467 0.9694 1.170 - - 0.4188 0.4841 0.5250
Announcement Date 3/26/20 3/18/21 3/22/22 3/21/23 2/29/24 - - -
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
Net sales 1 6,978 6,594 5,588 5,259 5,455 5,627 5,531 5,360 5,544 5,568 4,775 5,365 5,580 5,619
EBITDA 1 1,287 942.9 1,378 501 1,106 1,279 1,514 1,036 731.5 1,477 1,316 1,363 1,542 1,550
EBIT 1,024 634.2 1,058 179.5 783.4 942.6 1,161 922.2 414.5 1,123 - 1,035 1,156 1,160
Operating Margin 14.68% 9.62% 18.93% 3.41% 14.36% 16.75% 20.99% 17.21% 7.48% 20.16% - 19.29% 20.72% 20.64%
Earnings before Tax (EBT) - - 957.3 -890.9 588.3 - - - 308.2 880 - - - -
Net income 2,829 387.6 664.3 -536.5 362.9 621.3 626.6 317.8 441.2 879 - - - -
Net margin 40.54% 5.88% 11.89% -10.2% 6.65% 11.04% 11.33% 5.93% 7.96% 15.79% - - - -
EPS 2 1.030 0.3066 0.2400 -0.1961 0.1326 0.2270 - - 0.1540 0.3015 0.1709 0.1986 0.2111 0.2138
Dividend per Share 2 - 1.170 - - - - - - - - - - - 0.4338
Announcement Date 11/11/21 3/22/22 5/11/22 8/10/22 11/14/22 3/21/23 5/10/23 8/15/23 11/9/23 2/29/24 - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,250 6,529 8,550 - - 13,329 12,692 11,873
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.994 x 1.288 x 1.018 x - - 2.56 x 2.19 x 1.754 x
Free Cash Flow 1 1,016 2,099 1,208 - - -23 2,437 3,226
ROE (net income / shareholders' equity) 12.6% 26.5% 24.9% - - 8.65% 8.84% 10.9%
ROA (Net income/ Total Assets) 5.06% 9.18% 7.82% - - 4.1% 3.5% 4.7%
Assets 1 40,809 42,529 48,161 - - 48,722 59,559 56,905
Book Value Per Share 2 6.430 7.400 8.100 - - 8.050 8.760 9.250
Cash Flow per Share 2 1.080 1.440 - - - 5.780 2.180 -
Capex 1 1,929 1,842 2,179 - - 4,319 2,441 2,458
Capex / Sales 11.87% 9.89% 9.08% - - 22.27% 11.09% 10.32%
Announcement Date 3/26/20 3/18/21 3/22/22 3/21/23 2/29/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
9.1 BRL
Average target price
12.27 BRL
Spread / Average Target
+34.82%
Consensus
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