Company Valuation: Equatorial Pará Distribuidora de Energia S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 7,305 11,344 14,061 16,840 12,426 13,243
Change - 55.3% 23.95% 19.77% -26.21% 6.57%
Enterprise Value (EV) 1 9,079 13,928 18,025 20,582 16,505 18,883
Change - 53.41% 29.41% 14.19% -19.81% 14.41%
P/E 10.1x 11.1x 9.03x 7.55x 6.28x 8.52x
PBR 2.16x 3.37x 4.86x 3.62x 2.49x 2.55x
PEG - 0.3x 0.2x 0.2x -0.6x -0.4x
Capitalization / Revenue 1.24x 1.4x 1.65x 1.62x 1.14x 1.08x
EV / Revenue 1.55x 1.72x 2.12x 1.98x 1.52x 1.54x
EV / EBITDA 6.05x 6.41x 6.85x 5.92x 5.46x 6.02x
EV / EBIT 7.63x 7.7x 7.99x 6.76x 6.33x 7.47x
EV / FCF 23.1x 181x 76.2x -54.2x -33.4x -11.1x
FCF Yield 4.33% 0.55% 1.31% -1.85% -2.99% -8.98%
Dividend per Share 2 - 0.44 0.9008 - 0.7589 0.6587
Rate of return - 8.58% 14.2% - 13.5% 11%
EPS 2 0.3253 0.4642 0.7045 1.01 0.8945 0.7029
Distribution rate - 94.8% 128% - 84.8% 93.7%
Net sales 1 5,875 8,120 8,513 10,378 10,862 12,224
EBITDA 1 1,502 2,174 2,630 3,477 3,024 3,136
EBIT 1 1,190 1,808 2,255 3,043 2,606 2,529
Net income 1 718.5 1,026 1,556 2,226 1,976 1,553
Net Debt 1 1,774 2,584 3,964 3,742 4,079 5,641
Reference price 2 3.300 5.130 6.360 7.620 5.620 5.990
Nbr of stocks (in thousands) 2,209,074 2,209,074 2,209,074 2,209,074 2,209,074 2,209,074
Announcement Date 3/25/21 3/23/22 3/29/23 3/25/24 4/2/25 3/26/26
1BRL in Million2BRL
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.49x6.62x48.48x0.17% 310B
21.84x9.2x15.21x2.82% 182B
20.84x4.32x11.71x3.47% 159B
14.06x1.99x7x5.08% 116B
21.59x5.99x13.24x3.16% 108B
18.65x5.66x11.29x3.48% 98.21B
20.07x3.1x12.15x0.69% 87.8B
21.33x5.36x12.86x2.84% 73.99B
19.24x6.37x13.64x3.86% 60.92B
Average 21.68x 5.40x 16.17x 2.84% 132.98B
Weighted average by Cap. 24.42x 5.77x 21.60x 2.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  3. EQPA3 Stock
  4. EQPA5 Stock
  5. Valuation Equatorial Pará Distribuidora de Energia S.A.