Financials Companhia Paranaense de Energia - COPEL

Equities

CPLE6

BRCPLEACNPB9

Electric Utilities

Market Closed - Sao Paulo 04:07:40 2024-05-02 pm EDT 5-day change 1st Jan Change
9.38 BRL -0.58% Intraday chart for Companhia Paranaense de Energia - COPEL +1.74% -9.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,915 19,787 17,379 20,597 29,809 26,819 - -
Enterprise Value (EV) 1 27,165 26,315 25,928 20,597 29,809 40,122 40,172 39,494
P/E ratio 9.5 x 5.62 x 1.69 x 19.5 x 13 x 12.2 x 11.8 x 8.89 x
Yield 3.57% 12.9% 18.2% - - 4.54% 5.26% 6.11%
Capitalization / Revenue 1.16 x 1.06 x 0.72 x 0.94 x 1.39 x 1.38 x 1.22 x 1.14 x
EV / Revenue 1.67 x 1.41 x 1.08 x 0.94 x 1.39 x 2.07 x 1.83 x 1.68 x
EV / EBITDA 6.57 x 5.19 x 3.09 x 4.08 x 6.25 x 7.7 x 6.92 x 5.82 x
EV / FCF 26.7 x 12.5 x 21.5 x - - -1,744 x 16.5 x 12.2 x
FCF Yield 3.74% 7.98% 4.66% - - -0.06% 6.07% 8.17%
Price to Book 1.07 x 1.01 x 0.8 x - - 1.16 x 1.07 x 1.01 x
Nbr of stocks (in thousands) 2,739,827 2,736,554 2,736,553 2,736,553 2,982,810 2,982,810 - -
Reference price 2 6.907 7.494 6.440 7.910 10.36 9.380 9.380 9.380
Announcement Date 3/26/20 3/18/21 3/22/22 3/21/23 2/29/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,244 18,633 23,984 21,928 21,479 19,380 22,003 23,464
EBITDA 1 4,137 5,070 8,401 5,044 4,769 5,211 5,808 6,787
EBIT 1 3,084 4,253 5,446 4,707 3,387 3,816 4,248 5,435
Operating Margin 18.98% 22.83% 22.71% 21.47% 15.77% 19.69% 19.31% 23.16%
Earnings before Tax (EBT) 1 2,702 5,120 5,119 950.2 2,490 3,485 3,436 4,631
Net income 1 2,063 3,904 3,767 1,112 2,259 2,202 2,200 2,834
Net margin 12.7% 20.95% 15.71% 5.07% 10.52% 11.36% 10% 12.08%
EPS 2 0.7270 1.334 3.820 0.4064 0.7979 0.7671 0.7932 1.055
Free Cash Flow 1 1,016 2,099 1,208 - - -23 2,437 3,226
FCF margin 6.26% 11.26% 5.04% - - -0.12% 11.08% 13.75%
FCF Conversion (EBITDA) 24.57% 41.4% 14.38% - - - 41.96% 47.53%
FCF Conversion (Net income) 49.27% 53.76% 32.06% - - - 110.75% 113.83%
Dividend per Share 2 0.2467 0.9694 1.170 - - 0.4260 0.4937 0.5733
Announcement Date 3/26/20 3/18/21 3/22/22 3/21/23 2/29/24 - - -
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 6,978 6,594 5,588 5,259 5,455 5,627 5,531 5,360 5,544 5,568 5,114 5,734 5,580 5,861 5,274
EBITDA 1 1,287 942.9 1,378 501 1,106 1,279 1,514 1,036 731.5 1,477 1,316 1,471 1,166 1,565 -
EBIT 1 1,024 634.2 1,058 179.5 783.4 942.6 1,161 922.2 414.5 1,123 1,037 1,140 889.1 1,202 1,208
Operating Margin 14.68% 9.62% 18.93% 3.41% 14.36% 16.75% 20.99% 17.21% 7.48% 20.16% 20.28% 19.88% 15.93% 20.51% 22.89%
Earnings before Tax (EBT) 1 - - 957.3 -890.9 588.3 - - - 308.2 880 901.8 1,082 541.1 1,082 991.7
Net income 1 2,829 387.6 664.3 -536.5 362.9 621.3 626.6 317.8 441.2 879 566.7 790 395 790 723.9
Net margin 40.54% 5.88% 11.89% -10.2% 6.65% 11.04% 11.33% 5.93% 7.96% 15.79% 11.08% 13.78% 7.08% 13.48% 13.73%
EPS 2 1.030 0.3066 0.2400 -0.1961 0.1326 0.2270 - - 0.1540 0.3015 0.1964 0.2324 0.1721 0.2401 -
Dividend per Share 2 - 1.170 - - - - - - - - - - - 0.4663 -
Announcement Date 11/11/21 3/22/22 5/11/22 8/10/22 11/14/22 3/21/23 5/10/23 8/15/23 11/9/23 2/29/24 - - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,250 6,529 8,550 - - 13,303 13,353 12,675
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.994 x 1.288 x 1.018 x - - 2.553 x 2.299 x 1.868 x
Free Cash Flow 1 1,016 2,099 1,208 - - -23 2,437 3,226
ROE (net income / shareholders' equity) 12.6% 26.5% 24.9% - - 9.29% 8.82% 11.6%
ROA (Net income/ Total Assets) 5.06% 9.18% 7.82% - - 4.1% 3.5% 4.7%
Assets 1 40,809 42,529 48,161 - - 53,711 62,869 60,297
Book Value Per Share 2 6.430 7.400 8.100 - - 8.070 8.790 9.250
Cash Flow per Share 2 1.080 1.440 - - - 5.780 2.180 -
Capex 1 1,929 1,842 2,179 - - 5,243 2,441 2,569
Capex / Sales 11.87% 9.89% 9.08% - - 27.06% 11.09% 10.95%
Announcement Date 3/26/20 3/18/21 3/22/22 3/21/23 2/29/24 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
9.38 BRL
Average target price
12.27 BRL
Spread / Average Target
+30.79%
Consensus
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