Company Valuation: CPFL Energia S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 30,915 38,255 44,373 36,400 61,404 52,093 - -
Change - 23.74% 15.99% -17.97% 68.69% -15.16% - -
Enterprise Value (EV) 1 50,689 38,255 68,914 63,355 91,934 83,438 86,413 87,789
Change - -24.53% 80.14% -8.07% 45.11% -9.24% 3.57% 1.59%
P/E ratio 6.51x 7.49x 8.02x 6.66x 11.2x 10.9x 9.6x 10.5x
PBR 2.04x - 2.35x 1.76x 2.73x 2.11x 2.16x -
PEG - 1x 0.96x -5.33x 26.54x -0.9x 0.7x -1.21x
Capitalization / Revenue 0.79x 0.97x 1.12x 0.85x 1.38x 1.26x 1.21x 1.18x
EV / Revenue 1.29x 0.97x 1.73x 1.49x 2.07x 2.02x 2x 1.98x
EV / EBITDA 5.53x 3.12x 5.37x 4.82x 6.83x 6.48x 6.42x 6.3x
EV / EBIT 7.36x 3.93x 6.72x 6.04x 8.53x 8.19x 8.22x 8x
EV / FCF 196x - 15.6x 37x 87.5x 29.1x 21.7x -
FCF Yield 0.51% - 6.4% 2.71% 1.14% 3.44% 4.61% -
Dividend per Share 2 3.242 - 2.754 2.79 3.73 3.214 3.467 3.795
Rate of return 12.1% - 7.15% 8.83% 7% 7.11% 7.67% 8.39%
EPS 2 4.12 4.43 4.8 4.74 4.76 4.151 4.71 4.3
Distribution rate 78.7% - 57.4% 58.9% 78.4% 77.4% 73.6% 88.3%
Net sales 1 39,210 39,354 39,743 42,628 44,368 41,348 43,113 44,262
EBITDA 1 9,160 12,263 12,830 13,134 13,452 12,873 13,463 13,942
EBIT 1 6,886 9,740 10,261 10,494 10,778 10,188 10,515 10,969
Net income 1 4,748 5,219 5,527 5,458 5,484 4,881 5,395 4,824
Net Debt 1 19,774 - 24,540 26,955 30,530 31,345 34,320 35,696
Reference price 2 26.83 33.20 38.51 31.59 53.29 45.21 45.21 45.21
Nbr of stocks (in thousands) 1,152,254 1,152,254 1,152,254 1,152,254 1,152,254 1,152,254 - -
Announcement Date 3/17/22 3/16/23 3/21/24 2/26/25 3/5/26 - - -
1BRL in Million2BRL
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.11x2.02x6.6x7.07% 10.66B
34.36x6.09x44.56x0.19% 286B
23.88x9.74x16.19x2.6% 198B
19.42x4.11x11.14x3.76% 153B
13.56x1.93x6.82x5.27% 114B
20.86x5.88x13.04x3.26% 105B
23.41x3.56x13.97x0.62% 99.29B
18.38x5.64x11.13x3.54% 96.59B
20.14x5.11x12.4x3.03% 69.62B
17.63x6.1x12.55x4.26% 55.16B
Average 20.38x 5.02x 14.84x 3.36% 118.7B
Weighted average by Cap. 23.46x 5.68x 20.11x 2.54%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. CPFE3 Stock
  4. Valuation CPFL Energia S.A.