看來載入頁面時發生了錯誤.
我們的團隊已收到通知，但若此問題持續，請透過電郵支援widget工具聯絡我們。
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | 5.3x - 5.9x | 5.6x |
| Selected Fwd EBIT Multiple | 6.3x - 7.0x | 6.6x |
| Fair Value | R$82.47 - R$99.72 | R$91.10 |
| Upside | -16.1% - 1.5% | -7.3% |
| Benchmarks | Ticker | Full Ticker |
| Companhia CELG de Participações S/A | GPAR3 | BOVESPA:GPAR3 |
| Light S.A. | LIGT3 | BOVESPA:LIGT3 |
| Companhia Energética do Ceará - COELCE | COCE5 | BOVESPA:COCE5 |
| Neoenergia S.A. | NEOE3 | BOVESPA:NEOE3 |
| Elektro Redes S.A. | EKTR4 | BOVESPA:EKTR4 |
| Centrais Elétricas de Santa Catarina S.A. | CLSC3 | BOVESPA:CLSC3 |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| GPAR3 | LIGT3 | COCE5 | NEOE3 | EKTR4 | CLSC3 | ||
| BOVESPA:GPAR3 | BOVESPA:LIGT3 | BOVESPA:COCE5 | BOVESPA:NEOE3 | BOVESPA:EKTR4 | BOVESPA:CLSC3 | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | NM- | -1.8% | 16.6% | 17.6% | 15.4% | 20.2% | |
| 3Y CAGR | NM- | 2.4% | 10.9% | 5.6% | 13.4% | 16.9% | |
| Latest Twelve Months | -179.2% | 36.9% | -16.3% | 24.7% | 8.1% | 56.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 1312.2% | 9.5% | 12.9% | 19.9% | 19.9% | 7.5% | |
| Prior Fiscal Year | -34.5% | 12.3% | 14.6% | 19.3% | 22.9% | 7.2% | |
| Latest Fiscal Year | -83.3% | 10.0% | 14.7% | 20.6% | 22.0% | 10.6% | |
| Latest Twelve Months | -87.9% | 12.8% | 13.1% | 20.7% | 23.1% | 11.0% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 41.24x | 0.58x | 0.94x | 1.44x | 1.68x | 0.64x | |
| EV / LTM EBITDA | -47.6x | 3.2x | 4.5x | 5.4x | 6.1x | 4.6x | |
| EV / LTM EBIT | -46.9x | 4.5x | 7.1x | 7.0x | 7.3x | 5.9x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -46.9x | 7.0x | 7.3x | ||||
| Historical EV / LTM EBIT | 3.9x | 5.0x | 9.3x | ||||
| Selected EV / LTM EBIT | 5.3x | 5.6x | 5.9x | ||||
| (x) LTM EBIT | 1,208 | 1,208 | 1,208 | ||||
| (=) Implied Enterprise Value | 6,433 | 6,772 | 7,110 | ||||
| (-) Non-shareholder Claims * | (3,138) | (3,138) | (3,138) | ||||
| (=) Equity Value | 3,295 | 3,634 | 3,972 | ||||
| (/) Shares Outstanding | 38.6 | 38.6 | 38.6 | ||||
| Implied Value Range | 85.43 | 94.21 | 102.99 | ||||
| FX Rate: BRL/BRL | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 85.43 | 94.21 | 102.99 | 98.25 | |||
| Upside / (Downside) | -13.0% | -4.1% | 4.8% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | GPAR3 | LIGT3 | COCE5 | NEOE3 | EKTR4 | CLSC3 | |
| Enterprise Value | 1,332 | 8,880 | 7,846 | 73,187 | 15,411 | 6,928 | |
| (+) Cash & Short Term Investments | 247 | 3,600 | 300 | 5,709 | 588 | 755 | |
| (+) Investments & Other | 258 | 4 | 0 | 2,299 | 0 | 336 | |
| (-) Debt | (12) | (10,278) | (5,965) | (51,553) | (7,482) | (4,229) | |
| (-) Other Liabilities | 0 | 0 | 0 | (138) | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 1,825 | 2,206 | 2,180 | 29,504 | 8,517 | 3,790 | |
| (/) Shares Outstanding | 79.7 | 372.6 | 77.9 | 1,213.2 | 171.7 | 38.6 | |
| Implied Stock Price | 22.90 | 5.92 | 28.00 | 24.32 | 49.61 | 98.25 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 22.90 | 5.92 | 28.00 | 24.32 | 49.61 | 98.25 | |
| Trading Currency | BRL | BRL | BRL | BRL | BRL | BRL | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |