COMPANHIA ESTADUAL DE DISTRIBUIÇÃO DE ENERGIA ELÉTRICA Financials Companhia Estadual de Distribuição de Energia Elétrica
Equities
CEED3
BRCEEDACNOR9
Electric Utilities
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.01 BRL | -12.62% |
|
-12.62% | -17.59% |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 363.1 | 968.1 | 563.7 | 3,278 | 2,593 | 1,657 |
| Enterprise Value (EV) 1 | 1,402 | 2,097 | 1,804 | 5,462 | 4,965 | 4,767 |
| P/E ratio | -0.37 x | -0.89 x | -0.35 x | -8.31 x | -9.74 x | -3.67 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 0.11 x | 0.29 x | 0.16 x | 0.69 x | 0.58 x | 0.35 x |
| EV / Revenue | 0.42 x | 0.62 x | 0.51 x | 1.14 x | 1.11 x | 0.99 x |
| EV / EBITDA | -5.66 x | -7.6 x | -5.97 x | 67.2 x | 10.9 x | 8.16 x |
| EV / FCF | 2.43 x | 2.55 x | -0.68 x | -2.75 x | -9.92 x | -144 x |
| FCF Yield | 41.2% | 39.3% | -146% | -36.3% | -10.1% | -0.69% |
| Price to Book | -0.15 x | -0.26 x | -0.1 x | -1.23 x | -0.94 x | -0.49 x |
| Nbr of stocks (in thousands) | 9,681 | 9,681 | 9,681 | 68,255 | 68,255 | 68,255 |
| Reference price 2 | 37.50 | 100.0 | 58.00 | 48.00 | 38.00 | 24.28 |
| Announcement Date | 3/26/19 | 3/30/20 | 3/31/21 | 3/23/22 | 3/29/23 | 3/25/24 |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 3,334 | 3,388 | 3,514 | 4,775 | 4,468 | 4,793 |
| EBITDA 1 | -247.9 | -275.8 | -302.5 | 81.34 | 457 | 584.2 |
| EBIT 1 | -360.3 | -393.4 | -428.6 | -73.42 | 292.6 | 435.3 |
| Operating Margin | -10.81% | -11.61% | -12.2% | -1.54% | 6.55% | 9.08% |
| Earnings before Tax (EBT) 1 | -1,041 | -1,076 | -1,636 | -424.6 | -266.2 | -451.6 |
| Net income 1 | -989.3 | -1,083 | -1,623 | -394.2 | -266.2 | -451.6 |
| Net margin | -29.68% | -31.95% | -46.18% | -8.26% | -5.96% | -9.42% |
| EPS 2 | -102.2 | -111.8 | -167.6 | -5.776 | -3.900 | -6.616 |
| Free Cash Flow 1 | 577.5 | 823.6 | -2,638 | -1,984 | -500.3 | -33.02 |
| FCF margin | 17.32% | 24.31% | -75.07% | -41.55% | -11.2% | -0.69% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/26/19 | 3/30/20 | 3/31/21 | 3/23/22 | 3/29/23 | 3/25/24 |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 1,039 | 1,129 | 1,241 | 2,185 | 2,372 | 3,111 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | -4.19 x | -4.093 x | -4.102 x | 26.86 x | 5.19 x | 5.325 x |
| Free Cash Flow 1 | 578 | 824 | -2,638 | -1,984 | -500 | -33 |
| ROE (net income / shareholders' equity) | 55.1% | 35.8% | 33.8% | 9.39% | 9.85% | 14.8% |
| ROA (Net income/ Total Assets) | -5.63% | -5.93% | -6.52% | -0.87% | 2.69% | 3.75% |
| Assets 1 | 17,566 | 18,263 | 24,883 | 45,257 | -9,885 | -12,027 |
| Book Value Per Share 2 | -243.0 | -381.0 | -593.0 | -38.90 | -40.20 | -49.10 |
| Cash Flow per Share 2 | 14.20 | 7.750 | 5.670 | 7.570 | 6.080 | 6.810 |
| Capex 1 | 15.9 | 3.16 | 3.9 | 11.9 | 0.5 | - |
| Capex / Sales | 0.48% | 0.09% | 0.11% | 0.25% | 0.01% | - |
| Announcement Date | 3/26/19 | 3/30/20 | 3/31/21 | 3/23/22 | 3/29/23 | 3/25/24 |
1BRL in Million2BRL
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -17.59% | 267M | |
| +8.64% | 136B | |
| -2.19% | 77.98B | |
| +0.69% | 75.38B | |
| -8.92% | 66.47B | |
| +61.15% | 59.36B | |
| +4.97% | 44.9B | |
| +7.34% | 42.26B | |
| 0.00% | 41.94B | |
| +3.96% | 37.31B |
- Stock Market
- Equities
- CEED3 Stock
- Financials Companhia Estadual de Distribuição de Energia Elétrica
