AES BRASIL ENERGIA S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.53 BRL | +3.30% |
|
+0.63% | -22.65% |
| May. 03 | Transcript : AES Brasil Energia S.A., Q1 2024 Earnings Call, May 03, 2024 | |
| May. 03 | AES Brasil Energia S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,448 | 5,815 | 7,416 | 5,736 | - | - |
| Enterprise Value (EV) 1 | 9,363 | 12,497 | 16,460 | 14,908 | 14,381 | 13,690 |
| P/E ratio | 9.68 x | 34.3 x | 56.3 x | 18.9 x | 14.2 x | 10.1 x |
| Yield | - | 1.11% | - | 0.9% | 2.14% | 4.76% |
| Capitalization / Revenue | 2.17 x | 2.04 x | 2.16 x | 1.65 x | 1.49 x | 1.52 x |
| EV / Revenue | 3.73 x | 4.39 x | 4.8 x | 4.3 x | 3.73 x | 3.64 x |
| EV / EBITDA | 10.4 x | 10.6 x | 9.76 x | 7.75 x | 6.64 x | 6.33 x |
| EV / FCF | -14.4 x | - | - | 15.2 x | 9.21 x | 9.21 x |
| FCF Yield | -6.93% | - | - | 6.59% | 10.9% | 10.9% |
| Price to Book | 1.69 x | 1.32 x | 1.64 x | 0.93 x | 1.06 x | 1.01 x |
| Nbr of stocks (in thousands) | 492,106 | 601,927 | 601,927 | 601,925 | - | - |
| Reference price 2 | 11.07 | 9.660 | 12.32 | 9.530 | 9.530 | 9.530 |
| Announcement Date | 3/3/22 | 2/28/23 | 2/26/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,512 | 2,845 | 3,432 | 3,467 | 3,857 | 3,764 |
| EBITDA 1 | 903.9 | 1,184 | 1,687 | 1,923 | 2,165 | 2,162 |
| EBIT 1 | 427.8 | 677.8 | 1,032 | 1,180 | 1,443 | 1,484 |
| Operating Margin | 17.03% | 23.82% | 30.07% | 34.05% | 37.41% | 39.44% |
| Earnings before Tax (EBT) 1 | -30.5 | 389.2 | 408.3 | 430.3 | 565.1 | 706.4 |
| Net income 1 | 466.2 | 149.7 | 134 | 290.5 | 414 | 469.1 |
| Net margin | 18.56% | 5.26% | 3.91% | 8.38% | 10.73% | 12.46% |
| EPS 2 | 1.144 | 0.2816 | 0.2189 | 0.5052 | 0.6726 | 0.9468 |
| Free Cash Flow 1 | -648.5 | - | - | 983 | 1,562 | 1,487 |
| FCF margin | -25.82% | - | - | 28.36% | 40.5% | 39.51% |
| FCF Conversion (EBITDA) | - | - | - | 51.12% | 72.15% | 68.77% |
| FCF Conversion (Net income) | - | - | - | 338.36% | 377.28% | 316.99% |
| Dividend per Share 2 | - | 0.1074 | - | 0.0860 | 0.2043 | 0.4541 |
| Announcement Date | 3/3/22 | 2/28/23 | 2/26/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 731.9 | 676.8 | 620.9 | 786.6 | 760.8 | 786.3 | 763 | 908.6 | 973.6 | 828.6 | 821.6 | 998.1 | 915.4 | - | - |
| EBITDA 1 | 205.8 | 300.6 | 239.4 | 283.8 | 359.9 | 398.3 | 347.5 | 429.7 | 511.1 | 340.2 | 457 | 535.4 | 552.2 | - | - |
| EBIT 1 | 85.1 | 175 | 113.3 | 170 | 219.5 | 242.5 | 193.9 | 262.1 | 333.2 | 160.8 | 297.2 | 368.6 | 343.1 | - | - |
| Operating Margin | 11.63% | 25.86% | 18.25% | 21.61% | 28.85% | 30.84% | 25.42% | 28.85% | 34.22% | 19.4% | 36.18% | 36.93% | 37.48% | - | - |
| Earnings before Tax (EBT) 1 | -43.8 | 78.19 | - | 149.5 | 150.4 | 98.5 | 54.78 | 112.4 | - | -88.45 | 104.3 | 142.4 | 156.7 | - | - |
| Net income 1 | -74.7 | 70.9 | 9.3 | 40.9 | 82 | 60.4 | 8.15 | 53.33 | 112.6 | -102.4 | 60.62 | 86.69 | 92.75 | - | - |
| Net margin | -10.21% | 10.48% | 1.5% | 5.2% | 10.78% | 7.68% | 1.07% | 5.87% | 11.57% | -12.35% | 7.38% | 8.69% | 10.13% | - | - |
| EPS 2 | -0.4980 | 0.0753 | 0.0189 | 0.0801 | 0.1485 | 0.0982 | 0.0133 | 0.0869 | 0.0960 | -0.1766 | 0.1251 | 0.1442 | 0.1370 | - | - |
| Dividend per Share 2 | - | - | - | - | 0.1074 | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/3/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/28/23 | 5/4/23 | 8/3/23 | 11/6/23 | 2/26/24 | 5/2/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 3,915 | 6,682 | 9,044 | 9,172 | 8,645 | 7,953 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.332 x | 5.645 x | 5.362 x | 4.77 x | 3.993 x | 3.678 x |
| Free Cash Flow 1 | -649 | - | - | 983 | 1,562 | 1,487 |
| ROE (net income / shareholders' equity) | 11.6% | 3.93% | 3.01% | 3.69% | 5.69% | 6.71% |
| ROA (Net income/ Total Assets) | 3.16% | 0.97% | 0.7% | 1.04% | 0.89% | 1.15% |
| Assets 1 | 14,755 | 15,389 | 19,206 | 27,961 | 46,363 | 40,897 |
| Book Value Per Share 2 | 6.550 | 7.300 | 7.510 | 10.30 | 9.010 | 9.410 |
| Cash Flow per Share 2 | 0.7800 | -1.980 | - | 1.240 | 1.810 | 1.930 |
| Capex 1 | 983 | 2,161 | - | 498 | 224 | 142 |
| Capex / Sales | 39.15% | 75.95% | - | 14.35% | 5.81% | 3.78% |
| Announcement Date | 3/3/22 | 2/28/23 | 2/26/24 | - | - | - |
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
UNDERPERFORM
Number of Analysts
11
Last Close Price
9.53
BRL
Average target price
10.94
BRL
Spread / Average Target
+14.75%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -22.65% | 1.13B | |
| +7.97% | 11.11B | |
| -26.28% | 7.28B | |
| +8.61% | 4.13B | |
| -9.63% | 4.11B | |
| -29.94% | 3.15B | |
| +0.74% | 2.49B | |
| -18.81% | 1.21B | |
| +85.37% | 828M | |
| -5.71% | 623M |
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- AESB3 Stock
- Financials AES Brasil Energia S.A.