Financials Rede Energia Participações S.A.

Equities

REDE3

BRREDEACNOR7

Electric Utilities

Market Closed - Sao Paulo 20:23:45 30/04/2024 BST 5-day change 1st Jan Change
6.88 BRL -1.01% Intraday chart for Rede Energia Participações S.A. -1.71% +3.93%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 14,282 17,492 23,530 13,802 11,396 13,970
Enterprise Value (EV) 1 20,043 25,038 28,964 22,496 20,666 24,528
P/E ratio 35.7 x 24.6 x 25.7 x 8.78 x 7.67 x 8.43 x
Yield 3.35% 2.68% 3.68% 7.62% 10.6% 11.3%
Capitalization / Revenue 1.42 x 1.56 x 2.08 x 0.88 x 0.75 x 0.87 x
EV / Revenue 1.99 x 2.24 x 2.56 x 1.44 x 1.37 x 1.52 x
EV / EBITDA 10.7 x 11 x 11.5 x 5.74 x 4.85 x 4.91 x
EV / FCF -22.9 x -35.2 x 21.4 x -49.2 x 21.8 x 26.3 x
FCF Yield -4.36% -2.84% 4.67% -2.03% 4.58% 3.8%
Price to Book 4.38 x 5.01 x 5.61 x 3.71 x 2.96 x 3.47 x
Nbr of stocks (in thousands) 2,057,875 2,057,875 2,110,323 2,110,323 2,110,323 2,110,323
Reference price 2 6.940 8.500 11.15 6.540 5.400 6.620
Announcement Date 19/03/19 13/03/20 12/03/21 17/03/22 16/03/23 12/03/24
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 10,070 11,199 11,298 15,611 15,120 16,131
EBITDA 1 1,879 2,277 2,522 3,916 4,263 4,997
EBIT 1 1,268 1,657 1,916 3,316 3,609 4,254
Operating Margin 12.59% 14.8% 16.96% 21.24% 23.87% 26.37%
Earnings before Tax (EBT) 1 734.4 1,248 1,607 2,641 2,528 2,941
Net income 1 399.6 711.5 909.9 1,519 1,486 1,658
Net margin 3.97% 6.35% 8.05% 9.73% 9.83% 10.28%
EPS 2 0.1942 0.3457 0.4338 0.7446 0.7043 0.7856
Free Cash Flow 1 -874.6 -712 1,353 -457.6 946.3 931.2
FCF margin -8.69% -6.36% 11.98% -2.93% 6.26% 5.77%
FCF Conversion (EBITDA) - - 53.67% - 22.2% 18.64%
FCF Conversion (Net income) - - 148.74% - 63.67% 56.17%
Dividend per Share 2 0.2322 0.2279 0.4102 0.4985 0.5751 0.7503
Announcement Date 19/03/19 13/03/20 12/03/21 17/03/22 16/03/23 12/03/24
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,762 7,546 5,434 8,695 9,271 10,558
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.066 x 3.314 x 2.155 x 2.22 x 2.175 x 2.113 x
Free Cash Flow 1 -875 -712 1,353 -458 946 931
ROE (net income / shareholders' equity) 13.6% 21.8% 23.5% 37% 39.1% 40%
ROA (Net income/ Total Assets) 5.04% 5.88% 5.93% 8.95% 9.12% 10%
Assets 1 7,924 12,098 15,338 16,961 16,291 16,498
Book Value Per Share 2 1.580 1.700 1.990 1.760 1.820 1.910
Cash Flow per Share 2 0.0700 0.1200 0.3600 0.1300 0.1600 0.1800
Capex 1 1,193 1,457 880 1,366 2,014 1,978
Capex / Sales 11.85% 13.01% 7.79% 8.75% 13.32% 12.26%
Announcement Date 19/03/19 13/03/20 12/03/21 17/03/22 16/03/23 12/03/24
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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