ENEVA S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.83 BRL | +1.34% |
|
+4.56% | -5.73% |
| Apr. 25 | Eneva, Petroreconcavo Refute Tie-Up Talks | CI |
| Apr. 25 | Brazil's Eneva, PetroReconcavo say they are not discussing merger | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,783 | 19,613 | 17,907 | 18,871 | 21,540 | 20,307 | - | - |
| Enterprise Value (EV) 1 | 17,654 | 24,813 | 24,139 | 18,871 | 38,648 | 40,378 | 40,643 | 38,838 |
| P/E ratio | 23.1 x | 19.6 x | 15.4 x | 44.3 x | 99 x | 19.7 x | 21.4 x | 28 x |
| Yield | - | - | - | - | - | 0.5% | 0.45% | 1.98% |
| Capitalization / Revenue | 4.39 x | 6.05 x | 3.49 x | 3.08 x | 2.13 x | 2.48 x | 2.26 x | 1.91 x |
| EV / Revenue | 5.63 x | 7.65 x | 4.71 x | 3.08 x | 3.83 x | 4.92 x | 4.53 x | 3.66 x |
| EV / EBITDA | 12.3 x | 15.3 x | 10.7 x | 8.89 x | 9.02 x | 9.61 x | 8.8 x | 7.88 x |
| EV / FCF | - | -29.5 x | 249 x | -21.1 x | 171 x | -44.9 x | 15.7 x | 12.6 x |
| FCF Yield | - | -3.39% | 0.4% | -4.74% | 0.59% | -2.23% | 6.35% | 7.96% |
| Price to Book | 2 x | 2.47 x | 1.98 x | - | 1.74 x | 1.47 x | 1.45 x | 1.58 x |
| Nbr of stocks (in thousands) | 1,261,933 | 1,263,344 | 1,265,478 | 1,581,775 | 1,582,655 | 1,582,797 | - | - |
| Reference price 2 | 10.92 | 15.52 | 14.15 | 11.93 | 13.61 | 12.83 | 12.83 | 12.83 |
| Announcement Date | 3/24/20 | 3/10/21 | 3/21/22 | 3/23/23 | 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 | 3,137 | 3,243 | 5,124 | 6,129 | 10,091 | 8,203 | 8,981 | 10,615 |
| EBITDA 1 | 1,432 | 1,617 | 2,256 | 2,122 | 4,284 | 4,203 | 4,618 | 4,927 |
| EBIT 1 | 942.3 | 1,135 | 1,592 | 1,284 | 2,672 | 2,971 | 3,010 | 3,190 |
| Operating Margin | 30.03% | 34.99% | 31.06% | 20.95% | 26.48% | 36.22% | 33.52% | 30.05% |
| Earnings before Tax (EBT) 1 | 556.5 | 817.1 | 1,405 | 516.8 | 281.6 | 114 | 521.5 | 1,006 |
| Net income 1 | 600.8 | 1,008 | 1,173 | 375.8 | 217.7 | 256.3 | 1,064 | 1,656 |
| Net margin | 19.15% | 31.07% | 22.9% | 6.13% | 2.16% | 3.12% | 11.85% | 15.6% |
| EPS 2 | 0.4728 | 0.7940 | 0.9202 | 0.2693 | 0.1374 | 0.6521 | 0.5985 | 0.4585 |
| Free Cash Flow 1 | - | -842 | 96.97 | -894.8 | 226.4 | -900 | 2,582 | 3,091 |
| FCF margin | - | -25.96% | 1.89% | -14.6% | 2.24% | -10.97% | 28.75% | 29.12% |
| FCF Conversion (EBITDA) | - | - | 4.3% | - | 5.28% | - | 55.91% | 62.74% |
| FCF Conversion (Net income) | - | - | 8.26% | - | 103.98% | - | 242.65% | 186.68% |
| Dividend per Share 2 | - | - | - | - | - | 0.0642 | 0.0576 | 0.2535 |
| Announcement Date | 3/24/20 | 3/10/21 | 3/21/22 | 3/23/23 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,528 | 1,682 | 759 | 1,349 | 1,704 | 2,317 | 2,459 | 2,523 | 2,380 | 2,728 | 1,560 | 1,803 | 1,862 | 2,059 |
| EBITDA 1 | 572.7 | 859.7 | 491.4 | 487.7 | 597.4 | 563 | 1,169 | 1,188 | 903.1 | 1,036 | 949.3 | 1,002 | 1,005 | 1,109 |
| EBIT 1 | 496.1 | 686.2 | 349.3 | 336.5 | 419.7 | 178.4 | 753.2 | 806.8 | 493.5 | 618.8 | 531 | 629.4 | 628.9 | 696.8 |
| Operating Margin | 32.47% | 40.78% | 46.02% | 24.95% | 24.63% | 7.7% | 30.63% | 31.97% | 20.73% | 22.68% | 34.03% | 34.91% | 33.77% | 33.84% |
| Earnings before Tax (EBT) 1 | - | - | - | 178.2 | 306 | -217.4 | 318 | 498.6 | -142 | -392.9 | 75 | 228 | 126 | 122 |
| Net income 1 | 362.6 | 489.4 | 184.8 | 147.3 | 237.8 | -194.1 | 222.9 | 389.9 | -86.9 | -290.6 | 36.5 | 126 | 69 | 67 |
| Net margin | 23.73% | 29.09% | 24.35% | 10.92% | 13.95% | -8.38% | 9.06% | 15.45% | -3.65% | -10.65% | 2.34% | 6.99% | 3.7% | 3.25% |
| EPS 2 | 0.2843 | 0.3800 | 0.1442 | 0.1132 | 0.1753 | -0.1509 | 0.1409 | 0.2353 | -0.0549 | -0.1837 | 0.0259 | 0.0792 | 0.0437 | 0.0425 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.0754 |
| Announcement Date | 11/4/21 | 3/21/22 | 5/12/22 | 8/11/22 | 11/10/22 | 3/23/23 | 5/16/23 | 8/11/23 | 11/13/23 | 3/14/24 | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,870 | 5,200 | 6,232 | - | 17,108 | 20,071 | 20,335 | 18,531 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.702 x | 3.216 x | 2.762 x | - | 3.993 x | 4.776 x | 4.404 x | 3.761 x |
| Free Cash Flow 1 | - | -842 | 97 | -895 | 226 | -900 | 2,582 | 3,091 |
| ROE (net income / shareholders' equity) | 9.1% | 13.6% | 13.9% | 3.31% | 1.67% | 3.06% | 5.22% | 4.65% |
| ROA (Net income/ Total Assets) | - | - | - | 1.25% | 0.51% | 0.68% | 0.8% | 1.3% |
| Assets 1 | - | - | - | 29,980 | 42,644 | 37,526 | 133,009 | 127,561 |
| Book Value Per Share 2 | 5.470 | 6.280 | 7.140 | - | 7.810 | 8.710 | 8.870 | 8.110 |
| Cash Flow per Share 2 | - | - | 0.9700 | - | 1.760 | 0.7100 | 0.6800 | - |
| Capex 1 | 830 | 2,088 | 1,136 | 2,163 | 2,705 | 3,469 | 1,670 | 879 |
| Capex / Sales | 26.45% | 64.38% | 22.17% | 35.29% | 26.81% | 42.29% | 18.59% | 8.28% |
| Announcement Date | 3/24/20 | 3/10/21 | 3/21/22 | 3/23/23 | 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
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
12.83
BRL
Average target price
15.59
BRL
Spread / Average Target
+21.55%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.73% | 3.96B | |
| +18.73% | 14.47B | |
| +10.45% | 5.01B | |
| +11.94% | 4.74B | |
| +6.86% | 3.51B | |
| -1.83% | 2.26B | |
| -24.39% | 2.04B | |
| +36.53% | 1.71B | |
| +24.38% | 1.65B | |
| +16.43% | 1.54B |
- Stock Market
- Equities
- ENEV3 Stock
- Financials Eneva S.A.
