CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS Financials Centrais Elétricas Brasileiras S.A. - Eletrobrás Sao Paulo
Equities
ELET3
BRELETACNOR6
Electric Utilities
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 35.98 BRL | +0.70% |
|
+1.50% | -15.20% |
| Jun. 10 | J&F's Ambar mulls taking control of Amazonas power distributor, sources say | RE |
| Jun. 10 | Brazil's Eletrobras signs $878 million deal to sell gas-fired plants | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 51,247 | 57,626 | 52,311 | 97,242 | 96,843 | 82,092 | - | - |
| Enterprise Value (EV) 1 | 85,643 | 92,185 | 82,613 | 130,317 | 138,209 | 121,904 | 115,130 | 108,988 |
| P/E ratio | 5.61 x | 9.25 x | 9.49 x | 24 x | 20.3 x | 11.5 x | 7.97 x | 6.48 x |
| Yield | 4.58% | 2.81% | 4.52% | - | - | 2.78% | 4.63% | 8.19% |
| Capitalization / Revenue | 1.85 x | 1.98 x | 1.39 x | 2.85 x | 2.61 x | 2.1 x | 2.05 x | 1.91 x |
| EV / Revenue | 3.09 x | 3.17 x | 2.2 x | 3.82 x | 3.72 x | 3.12 x | 2.88 x | 2.53 x |
| EV / EBITDA | 6.48 x | 6.6 x | 4.35 x | 7.33 x | 7.17 x | 5.64 x | 4.97 x | 4.26 x |
| EV / FCF | -42 x | 47.4 x | 14.6 x | 16.9 x | 31.6 x | 8.29 x | 8.18 x | 6.25 x |
| FCF Yield | -2.38% | 2.11% | 6.85% | 5.9% | 3.17% | 12.1% | 12.2% | 16% |
| Price to Book | 0.73 x | 0.77 x | 0.68 x | 0.9 x | 0.88 x | 0.75 x | 0.73 x | 0.68 x |
| Nbr of stocks (in thousands) | 1,352,634 | 1,568,931 | 1,568,931 | 2,301,228 | 2,253,003 | 2,250,448 | - | - |
| Reference price 2 | 38.24 | 37.00 | 33.01 | 43.23 | 46.98 | 40.05 | 40.05 | 40.05 |
| Announcement Date | 3/28/20 | 3/19/21 | 3/18/22 | 3/13/23 | 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 | 27,726 | 29,081 | 37,616 | 34,074 | 37,159 | 39,034 | 39,999 | 43,085 |
| EBITDA 1 | 13,210 | 13,978 | 19,007 | 17,780 | 19,274 | 21,606 | 23,154 | 25,558 |
| EBIT 1 | 10,262 | 10,444 | 18,173 | 15,090 | 10,525 | 17,856 | 20,248 | 23,025 |
| Operating Margin | 37.01% | 35.91% | 48.31% | 44.29% | 28.33% | 45.74% | 50.62% | 53.44% |
| Earnings before Tax (EBT) 1 | 6,369 | 6,953 | 10,994 | 3,347 | 1,728 | 12,808 | 14,045 | 16,490 |
| Net income 1 | 10,697 | 6,387 | 5,714 | 3,638 | 4,882 | 8,508 | 10,505 | 12,138 |
| Net margin | 38.58% | 21.96% | 15.19% | 10.68% | 13.14% | 21.8% | 26.26% | 28.17% |
| EPS 2 | 6.820 | 4.000 | 3.480 | 1.800 | 2.310 | 3.490 | 5.023 | 6.178 |
| Free Cash Flow 1 | -2,041 | 1,944 | 5,657 | 7,690 | 4,380 | 14,699 | 14,067 | 17,436 |
| FCF margin | -7.36% | 6.68% | 15.04% | 22.57% | 11.79% | 37.66% | 35.17% | 40.47% |
| FCF Conversion (EBITDA) | - | 13.91% | 29.76% | 43.25% | 22.73% | 68.03% | 60.75% | 68.22% |
| FCF Conversion (Net income) | - | 30.44% | 99.01% | 211.36% | 89.73% | 172.76% | 133.91% | 143.65% |
| Dividend per Share 2 | 1.750 | 1.040 | 1.494 | - | - | 1.114 | 1.855 | 3.278 |
| Announcement Date | 3/28/20 | 3/19/21 | 3/18/22 | 3/13/23 | 3/14/24 | - | - | - |
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 | 11,492 | 9,181 | 8,856 | 8,033 | 9,009 | 9,210 | 9,246 | 8,781 | 9,922 | 8,718 | 9,425 | 11,585 | 11,372 | - | - |
| EBITDA 1 | 4,775 | 5,428 | 4,861 | 3,197 | 4,401 | 5,616 | 5,431 | 4,560 | 3,840 | 4,505 | 6,605 | 6,703 | 6,038 | - | - |
| EBIT 1 | 3,352 | 4,230 | 2,144 | 2,385 | 3,522 | 3,987 | 4,994 | 3,635 | - | 3,509 | 4,840 | 5,890 | 5,558 | - | - |
| Operating Margin | 29.17% | 46.07% | 24.21% | 29.69% | 39.09% | 43.29% | 54.01% | 41.4% | - | 40.25% | 51.36% | 50.84% | 48.87% | - | - |
| Earnings before Tax (EBT) 1 | 795 | 3,585 | 1,295 | -212.6 | -1,138 | 854.1 | 2,139 | 771 | -2,371 | 635.6 | 2,336 | 3,505 | 3,505 | - | - |
| Net income 1 | 610 | 2,716 | 1,401 | -14.53 | -478.6 | 488.6 | 1,619 | 1,477 | 1,048 | 328.1 | 2,304 | 2,760 | 2,486 | - | - |
| Net margin | 5.31% | 29.58% | 15.82% | -0.18% | -5.31% | 5.31% | 17.51% | 16.82% | 10.57% | 3.76% | 24.44% | 23.82% | 21.86% | - | - |
| EPS 2 | 0.0640 | 1.830 | 0.9646 | -0.008500 | -0.3400 | 0.2300 | 0.7800 | 0.5000 | 0.4300 | 0.1500 | 0.9430 | 1.093 | 1.118 | - | - |
| Dividend per Share 2 | 1.494 | - | - | - | - | - | - | - | - | - | - | - | 1.126 | - | - |
| Announcement Date | 3/18/22 | 5/16/22 | 8/12/22 | 11/10/22 | 3/13/23 | 5/5/23 | 8/9/23 | 11/8/23 | 3/14/24 | 5/9/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 34,396 | 34,559 | 30,302 | 33,075 | 41,366 | 39,812 | 33,038 | 26,897 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.604 x | 2.472 x | 1.594 x | 1.86 x | 2.146 x | 1.843 x | 1.427 x | 1.052 x |
| Free Cash Flow 1 | -2,041 | 1,944 | 5,657 | 7,690 | 4,380 | 14,699 | 14,067 | 17,437 |
| ROE (net income / shareholders' equity) | 16.9% | 13.2% | 16.3% | 11.2% | 4.24% | 7.41% | 9.63% | 11% |
| ROA (Net income/ Total Assets) | - | 5.31% | 6.62% | 4.56% | 1.76% | 2.53% | 3.74% | 4.8% |
| Assets 1 | - | 120,321 | 86,270 | 79,730 | 277,437 | 336,960 | 281,251 | 252,776 |
| Book Value Per Share 2 | 52.40 | 48.00 | 48.50 | 48.00 | 53.20 | 53.50 | 55.20 | 59.00 |
| Cash Flow per Share 2 | - | 2.700 | 5.160 | 4.590 | 3.900 | 2.580 | 5.540 | - |
| Capex 1 | 1,955 | 2,255 | 2,573 | 1,586 | 3,863 | 3,143 | 4,396 | 4,057 |
| Capex / Sales | 7.05% | 7.75% | 6.84% | 4.65% | 10.4% | 8.05% | 10.99% | 9.42% |
| Announcement Date | 3/28/20 | 3/19/21 | 3/18/22 | 3/13/23 | 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
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
40.05
BRL
Average target price
57.48
BRL
Spread / Average Target
+43.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +21.29% | 95.58B | |
| +6.89% | 13.07B | |
| +23.54% | 12.56B | |
| +58.92% | 12.26B | |
| +16.06% | 10.18B | |
| +30.87% | 7.88B | |
| -0.53% | 5.6B | |
| +7.91% | 4.69B | |
| -.--% | 3.98B |
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- ELET6 Stock
- ELET3 Stock
- Financials Centrais Elétricas Brasileiras S.A. - Eletrobrás
