ENEVA S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.78 BRL | +1.35% |
|
+3.23% | -6.10% |
| 05-30 | Fluence Secures $5 Million Water Contract in Brazil | MT |
| 05-15 | Transcript : Eneva S.A., Q1 2024 Earnings Call, May 15, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,783 | 19,613 | 17,907 | 18,871 | 21,540 | 20,233 | - | - |
| Enterprise Value (EV) 1 | 17,654 | 24,813 | 24,139 | 18,871 | 38,648 | 40,664 | 41,308 | 38,913 |
| P/E ratio | 23.1 x | 19.6 x | 15.4 x | 44.3 x | 99 x | 23.2 x | 26.8 x | 19.3 x |
| Yield | - | - | - | - | - | 0.37% | 0.61% | 2.62% |
| Capitalization / Revenue | 4.39 x | 6.05 x | 3.49 x | 3.08 x | 2.13 x | 2.37 x | 2.23 x | 2.06 x |
| EV / Revenue | 5.63 x | 7.65 x | 4.71 x | 3.08 x | 3.83 x | 4.77 x | 4.56 x | 3.96 x |
| EV / EBITDA | 12.3 x | 15.3 x | 10.7 x | 8.89 x | 9.02 x | 9.39 x | 8.76 x | 7.54 x |
| EV / FCF | - | -29.5 x | 249 x | -21.1 x | 171 x | -31.7 x | 18 x | 13.3 x |
| FCF Yield | - | -3.39% | 0.4% | -4.74% | 0.59% | -3.16% | 5.55% | 7.55% |
| Price to Book | 2 x | 2.47 x | 1.98 x | - | 1.74 x | 1.52 x | 1.43 x | 1.54 x |
| Nbr of stocks (in thousands) | 1,261,933 | 1,263,344 | 1,265,478 | 1,581,775 | 1,582,655 | 1,583,152 | - | - |
| Reference price 2 | 10.92 | 15.52 | 14.15 | 11.93 | 13.61 | 12.78 | 12.78 | 12.78 |
| Announcement Date | 24/03/20 | 10/03/21 | 21/03/22 | 23/03/23 | 14/03/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,137 | 3,243 | 5,124 | 6,129 | 10,091 | 8,529 | 9,054 | 9,821 |
| EBITDA 1 | 1,432 | 1,617 | 2,256 | 2,122 | 4,284 | 4,331 | 4,715 | 5,160 |
| EBIT 1 | 942.3 | 1,135 | 1,592 | 1,284 | 2,672 | 3,057 | 3,180 | 3,628 |
| Operating Margin | 30.03% | 34.99% | 31.06% | 20.95% | 26.48% | 35.84% | 35.12% | 36.94% |
| Earnings before Tax (EBT) 1 | 556.5 | 817.1 | 1,405 | 516.8 | 281.6 | 652.5 | 849.8 | 1,428 |
| Net income 1 | 600.8 | 1,008 | 1,173 | 375.8 | 217.7 | 335.4 | 948.1 | 1,670 |
| Net margin | 19.15% | 31.07% | 22.9% | 6.13% | 2.16% | 3.93% | 10.47% | 17.01% |
| EPS 2 | 0.4728 | 0.7940 | 0.9202 | 0.2693 | 0.1374 | 0.5505 | 0.4772 | 0.6633 |
| Free Cash Flow 1 | - | -842 | 96.97 | -894.8 | 226.4 | -1,283 | 2,292 | 2,936 |
| FCF margin | - | -25.96% | 1.89% | -14.6% | 2.24% | -15.04% | 25.31% | 29.89% |
| FCF Conversion (EBITDA) | - | - | 4.3% | - | 5.28% | - | 48.61% | 56.89% |
| FCF Conversion (Net income) | - | - | 8.26% | - | 103.98% | - | 241.74% | 175.77% |
| Dividend per Share 2 | - | - | - | - | - | 0.0474 | 0.0776 | 0.3350 |
| Announcement Date | 24/03/20 | 10/03/21 | 21/03/22 | 23/03/23 | 14/03/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,682 | 759 | 1,349 | 1,704 | 2,317 | 2,459 | 2,523 | 2,380 | 2,728 | 2,005 | 1,612 | 1,735 | 1,726 |
| EBITDA 1 | 859.7 | 491.4 | 487.7 | 597.4 | 563 | 1,169 | 1,188 | 903.1 | 1,036 | 1,089 | 1,060 | 1,073 | 1,083 |
| EBIT 1 | 686.2 | 349.3 | 336.5 | 419.7 | 178.4 | 753.2 | 806.8 | 493.5 | 618.8 | 740.3 | 711 | 715 | 718 |
| Operating Margin | 40.78% | 46.02% | 24.95% | 24.63% | 7.7% | 30.63% | 31.97% | 20.73% | 22.68% | 36.93% | 44.11% | 41.21% | 41.6% |
| Earnings before Tax (EBT) 1 | - | - | 178.2 | 306 | -217.4 | 318 | 498.6 | -142 | -392.9 | 33.19 | 246 | 383 | 277 |
| Net income 1 | 489.4 | 184.8 | 147.3 | 237.8 | -194.1 | 222.9 | 389.9 | -86.9 | -290.6 | -60.89 | 135 | 210 | 153 |
| Net margin | 29.09% | 24.35% | 10.92% | 13.95% | -8.38% | 9.06% | 15.45% | -3.65% | -10.65% | -3.04% | 8.37% | 12.1% | 8.86% |
| EPS 2 | 0.3800 | 0.1442 | 0.1132 | 0.1753 | -0.1509 | 0.1409 | 0.2353 | -0.0549 | -0.1837 | -0.0385 | 0.0900 | 0.1300 | 0.1000 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 0.0854 |
| Announcement Date | 21/03/22 | 12/05/22 | 11/08/22 | 10/11/22 | 23/03/23 | 16/05/23 | 11/08/23 | 13/11/23 | 14/03/24 | 14/05/24 | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,870 | 5,200 | 6,232 | - | 17,108 | 20,432 | 21,075 | 18,680 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.702 x | 3.216 x | 2.762 x | - | 3.993 x | 4.718 x | 4.47 x | 3.62 x |
| Free Cash Flow 1 | - | -842 | 97 | -895 | 226 | -1,283 | 2,292 | 2,936 |
| ROE (net income / shareholders' equity) | 9.1% | 13.6% | 13.9% | 3.31% | 1.67% | 2.98% | 5.7% | 6.4% |
| ROA (Net income/ Total Assets) | - | - | - | 1.25% | 0.51% | 1% | 1.4% | 1.8% |
| Assets 1 | - | - | - | 29,980 | 42,644 | 33,543 | 67,724 | 92,796 |
| Book Value Per Share 2 | 5.470 | 6.280 | 7.140 | - | 7.810 | 8.390 | 8.940 | 8.320 |
| Cash Flow per Share 2 | - | - | 0.9700 | - | 1.760 | 0.7100 | 0.6800 | - |
| Capex 1 | 830 | 2,088 | 1,136 | 2,163 | 2,705 | 3,450 | 2,085 | 1,209 |
| Capex / Sales | 26.45% | 64.38% | 22.17% | 35.29% | 26.81% | 40.45% | 23.03% | 12.31% |
| Announcement Date | 24/03/20 | 10/03/21 | 21/03/22 | 23/03/23 | 14/03/24 | - | - | - |
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
BUY
Number of Analysts
9
Last Close Price
12.78
BRL
Average target price
15.82
BRL
Spread / Average Target
+23.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.10% | 3.68B | |
| +38.65% | 17.09B | |
| +35.89% | 6.29B | |
| +13.95% | 3.74B | |
| -7.34% | 2.14B | |
| +36.56% | 1.77B | |
| -34.73% | 1.76B | |
| +13.32% | 1.5B | |
| -.--% | 1.06B | |
| -15.82% | 1.04B |
- Stock Market
- Equities
- ENEV3 Stock
- Financials Eneva S.A.
