EMPRESA METROPOLITANA DE ÁGUAS E ENERGIA S.A. Financials Empresa Metropolitana de Águas e Energia S.A.
Equities
EMAE4
BREMAEACNPR1
Electric Utilities
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 57.7 BRL | -0.94% |
|
+15.40% | -2.20% |
| Apr. 19 | Phoenix outbids EDF for control of Brazil power firm EMAE | RE |
| Apr. 19 | Investment fund Phoenix wins auction for Brazil power firm EMAE | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 675 | 1,204 | 2,060 | 2,073 | 2,512 | 2,180 |
| Enterprise Value (EV) 1 | 522.3 | 864.1 | 1,605 | 1,762 | 2,075 | 1,754 |
| P/E ratio | 6.65 x | 14.7 x | 14 x | 18.7 x | 36.9 x | 14.5 x |
| Yield | 4.54% | 2.13% | 2.52% | 1.78% | 2.99% | 3.13% |
| Capitalization / Revenue | 2.13 x | 2.74 x | 4.61 x | 3.92 x | 4.72 x | 3.61 x |
| EV / Revenue | 1.65 x | 1.97 x | 3.59 x | 3.33 x | 3.9 x | 2.91 x |
| EV / EBITDA | 15.2 x | 19.5 x | 9.68 x | 22.5 x | 593 x | 29.4 x |
| EV / FCF | 53.9 x | 257 x | 5.26 x | -8.9 x | -7.83 x | 39.2 x |
| FCF Yield | 1.86% | 0.39% | 19% | -11.2% | -12.8% | 2.55% |
| Price to Book | 0.78 x | 1.38 x | 3.88 x | 3.81 x | 2.23 x | 2 x |
| Nbr of stocks (in thousands) | 36,947 | 36,947 | 36,947 | 36,947 | 36,947 | 36,947 |
| Reference price 2 | 18.27 | 36.93 | 75.41 | 75.99 | 67.99 | 59.00 |
| Announcement Date | 3/22/19 | 3/20/20 | 3/19/21 | 3/23/22 | 3/22/23 | 3/7/24 |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 316.4 | 439 | 447.1 | 529 | 532.7 | 603.3 |
| EBITDA 1 | 34.45 | 44.34 | 165.7 | 78.42 | 3.502 | 59.61 |
| EBIT 1 | 29.08 | 38.58 | 159.8 | 72.68 | -2.322 | 52.52 |
| Operating Margin | 9.19% | 8.79% | 35.73% | 13.74% | -0.44% | 8.71% |
| Earnings before Tax (EBT) 1 | 83.51 | 123.8 | 271 | 190.1 | 78.19 | 159.3 |
| Net income 1 | 101.5 | 92.64 | 198.5 | 149.9 | 68.02 | 150.5 |
| Net margin | 32.08% | 21.1% | 44.39% | 28.34% | 12.77% | 24.94% |
| EPS 2 | 2.748 | 2.507 | 5.372 | 4.058 | 1.841 | 4.073 |
| Free Cash Flow 1 | 9.697 | 3.367 | 305 | -197.9 | -265.1 | 44.68 |
| FCF margin | 3.06% | 0.77% | 68.22% | -37.4% | -49.76% | 7.41% |
| FCF Conversion (EBITDA) | 28.14% | 7.59% | 184.03% | - | - | 74.96% |
| FCF Conversion (Net income) | 9.55% | 3.63% | 153.68% | - | - | 29.69% |
| Dividend per Share 2 | 0.8300 | 0.7850 | 1.900 | 1.352 | 2.033 | 1.848 |
| Announcement Date | 3/22/19 | 3/20/20 | 3/19/21 | 3/23/22 | 3/22/23 | 3/7/24 |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 153 | 340 | 455 | 311 | 437 | 426 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 9.7 | 3.37 | 305 | -198 | -265 | 44.7 |
| ROE (net income / shareholders' equity) | 12% | 9.97% | 23.2% | 20.6% | 7.31% | 13.6% |
| ROA (Net income/ Total Assets) | 1.41% | 1.7% | 6.22% | 2.72% | -0.08% | 1.61% |
| Assets 1 | 7,215 | 5,453 | 3,192 | 5,518 | -84,913 | 9,348 |
| Book Value Per Share 2 | 23.50 | 26.80 | 19.40 | 20.00 | 30.40 | 29.50 |
| Cash Flow per Share 2 | 6.290 | 11.20 | 14.00 | 8.420 | 11.80 | 11.50 |
| Capex 1 | 1.71 | 5.05 | 10.1 | 3.99 | 2.26 | 1.31 |
| Capex / Sales | 0.54% | 1.15% | 2.25% | 0.75% | 0.42% | 0.22% |
| Announcement Date | 3/22/19 | 3/20/20 | 3/19/21 | 3/23/22 | 3/22/23 | 3/7/24 |
1BRL in Million2BRL
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -2.20% | 445M | |
| +10.50% | 87.18B | |
| -11.54% | 16.66B | |
| +48.92% | 11.58B | |
| +10.78% | 11.28B | |
| -7.47% | 10.19B | |
| +8.30% | 9.19B | |
| +13.90% | 6.87B | |
| -3.33% | 5.26B | |
| +1.01% | 4.4B |
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- Financials Empresa Metropolitana de Águas e Energia S.A.
