AES BRASIL ENERGIA S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 9.22 BRL | -0.06% |
|
+0.33% | -25.16% |
| Feb. 27 | Transcript : AES Brasil Energia S.A., Q4 2023 Earnings Call, Feb 27, 2024 | |
| Feb. 27 | AES Brasil Energia S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 5,448 | 5,815 | 7,416 | 5,550 | - | - |
| Enterprise Value (EV) 1 | 9,363 | 12,497 | 16,460 | 14,917 | 14,038 | 13,761 |
| P/E ratio | 9.68 x | 34.3 x | 56.3 x | 19.8 x | 12.2 x | 8.65 x |
| Yield | - | 1.11% | - | 1.63% | 2.81% | 6.03% |
| Capitalization / Revenue | 2.17 x | 2.04 x | 2.16 x | 1.49 x | 1.44 x | 1.45 x |
| EV / Revenue | 3.73 x | 4.39 x | 4.8 x | 4 x | 3.64 x | 3.6 x |
| EV / EBITDA | 10.4 x | 10.6 x | 9.76 x | 7.48 x | 6.47 x | 6.36 x |
| EV / FCF | -14.4 x | - | - | 15.2 x | 8.99 x | 9.25 x |
| FCF Yield | -6.93% | - | - | 6.59% | 11.1% | 10.8% |
| Price to Book | 1.69 x | 1.32 x | 1.64 x | 1 x | 1.01 x | 1.05 x |
| Nbr of stocks (in thousands) | 492,106 | 601,927 | 601,927 | 601,925 | - | - |
| Reference price 2 | 11.07 | 9.660 | 12.32 | 9.220 | 9.220 | 9.220 |
| 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 | 3,733 | 3,856 | 3,826 |
| EBITDA 1 | 903.9 | 1,184 | 1,687 | 1,994 | 2,170 | 2,163 |
| EBIT 1 | 427.8 | 677.8 | 1,032 | 1,288 | 1,479 | 1,487 |
| Operating Margin | 17.03% | 23.82% | 30.07% | 34.51% | 38.36% | 38.86% |
| 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 | 267.3 | 436.8 | 469.1 |
| Net margin | 18.56% | 5.26% | 3.91% | 7.16% | 11.33% | 12.26% |
| EPS 2 | 1.144 | 0.2816 | 0.2189 | 0.4662 | 0.7557 | 1.066 |
| Free Cash Flow 1 | -648.5 | - | - | 983 | 1,562 | 1,487 |
| FCF margin | -25.82% | - | - | 26.33% | 40.51% | 38.86% |
| FCF Conversion (EBITDA) | - | - | - | 49.3% | 71.97% | 68.73% |
| FCF Conversion (Net income) | - | - | - | 367.8% | 357.62% | 316.99% |
| Dividend per Share 2 | - | 0.1074 | - | 0.1507 | 0.2586 | 0.5563 |
| Announcement Date | 3/3/22 | 2/28/23 | 2/26/24 | - | - | - |
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 661.7 | 731.9 | 676.8 | 620.9 | 786.6 | 760.8 | 786.3 | 763 | 908.6 | 973.6 | 700.2 | 743.4 | 960 | 850.3 | - |
| EBITDA 1 | 92.1 | 205.8 | 300.6 | 239.4 | 283.8 | 359.9 | 398.3 | 347.5 | 429.7 | 511.1 | 426.4 | 502.1 | 536.1 | 544 | - |
| EBIT 1 | -33.8 | 85.1 | 175 | 113.3 | 170 | 219.5 | 242.5 | 193.9 | 262.1 | 333.2 | 273.8 | 293.4 | 375.7 | 341.8 | - |
| Operating Margin | -5.11% | 11.63% | 25.86% | 18.25% | 21.61% | 28.85% | 30.84% | 25.42% | 28.85% | 34.22% | 39.1% | 39.46% | 39.14% | 40.2% | - |
| Earnings before Tax (EBT) 1 | -142.4 | -43.8 | 78.19 | - | 149.5 | 150.4 | 98.5 | 54.78 | 112.4 | - | 70.17 | 104.3 | 142.4 | 156.7 | - |
| Net income 1 | 423.8 | -74.7 | 70.9 | 9.3 | 40.9 | 82 | 60.4 | 8.15 | 53.33 | 112.6 | 35.45 | 60.62 | 86.22 | 96.25 | - |
| Net margin | 64.05% | -10.21% | 10.48% | 1.5% | 5.2% | 10.78% | 7.68% | 1.07% | 5.87% | 11.57% | 5.06% | 8.15% | 8.98% | 11.32% | - |
| EPS 2 | 1.059 | -0.4980 | 0.0753 | 0.0189 | 0.0801 | 0.1485 | 0.0982 | 0.0133 | 0.0869 | 0.0960 | 0.0759 | 0.1251 | 0.1414 | 0.1354 | - |
| Dividend per Share 2 | - | - | - | - | - | 0.1074 | - | - | - | - | 0.0764 | - | - | - | - |
| Announcement Date | 11/3/21 | 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 | - | - | - | - | - |
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 | 9,367 | 8,488 | 8,211 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.332 x | 5.645 x | 5.362 x | 4.698 x | 3.911 x | 3.795 x |
| Free Cash Flow 1 | -649 | - | - | 983 | 1,562 | 1,487 |
| ROE (net income / shareholders' equity) | 11.6% | 3.93% | 3.01% | 4.85% | 6.24% | 7.14% |
| 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 | 25,723 | 48,911 | 40,897 |
| Book Value Per Share 2 | 6.550 | 7.300 | 7.510 | 9.210 | 9.150 | 8.800 |
| Cash Flow per Share 2 | 0.7800 | -1.980 | - | 1.600 | 2.000 | - |
| Capex 1 | 983 | 2,161 | - | 428 | 199 | 145 |
| Capex / Sales | 39.15% | 75.95% | - | 11.45% | 5.17% | 3.79% |
| 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
HOLD
Number of Analysts
11
Last Close Price
9.22
BRL
Average target price
11.87
BRL
Spread / Average Target
+28.77%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -25.16% | 1.08B | |
| -16.52% | 8.7B | |
| -31.37% | 6.72B | |
| +6.24% | 3.98B | |
| -16.73% | 3.81B | |
| -30.51% | 3.08B | |
| -6.98% | 2.32B | |
| -21.88% | 1.14B | |
| +68.22% | 755M | |
| -8.57% | 597M |
- Stock Market
- Equities
- AESB3 Stock
- Financials AES Brasil Energia S.A.
