ANEEL Changes And Rising Distributed Generation Will Diminish Returns

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

02 Dec 24

Updated

11 Dec 25

Views

40

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

60.4%

7D

-2.7%

Loading

1Y

60.4%

7D

-2.7%

You can edit this narrative until Dec 12 9:10 PM. Then, changes will post as Updates.

Author's Valuation

R$43.2816.0% overvalued

AnalystConsensusTarget Fair Value

Shared on 11 Dec 25

Fair value Increased 1.44%

CPFE3: Higher Earnings Multiple Will Likely Deepen Future Overvaluation Risk

Analysts have modestly raised their price target on CPFL Energia to BRL 43.28 from BRL 42.66. This reflects slightly improved long term revenue expectations despite marginally softer profit margin assumptions and a higher implied future P/E multiple.

Shared on 27 Nov 25

Fair value Increased 2.59%

CPFE3: Profit Margin Uplift Will Be Offset By Weak Revenue Trends

Analysts have raised their price target for CPFL Energia to R$42.66 from R$41.59. They cite improving profit margin projections and a more attractive valuation, despite tempered revenue growth expectations.

Shared on 13 Nov 25

Fair value Increased 1.23%

CPFE3: Marginal Shifts In Key Metrics Suggest A Balanced Outlook Ahead

Analysts have raised their price target for CPFL Energia from R$41.08 to R$41.59, reflecting incremental adjustments to key metrics such as revenue growth and the discount rate. What's in the News CPFL Energia is holding an Analyst/Investor Day and providing updates and outlooks for stakeholders (Key Developments).

Shared on 05 Sep 25

With revenue growth and net profit margin projections both stable, analysts have maintained CPFL Energia's fair value estimate at R$41.08. Valuation Changes Summary of Valuation Changes for CPFL Energia The Consensus Analyst Price Target remained effectively unchanged, at R$41.08.

Shared on 01 May 25

Fair value Increased 3.75%

Shared on 23 Apr 25

Fair value Decreased 0.025%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Increased 0.71%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Increased 0.23%

AnalystConsensusTarget has increased revenue growth from -4.1% to 0.2% and decreased profit margin from 13.8% to 12.1%.

Shared on 02 Apr 25

Fair value Increased 1.16%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Decreased 3.43%

AnalystConsensusTarget has decreased revenue growth from 3.2% to -4.1% and increased profit margin from 10.6% to 13.8%.

AnalystConsensusTarget Fair Value

R$43.28

16.0% overvalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

-0.88%

Electric Utilities revenue growth rate

0.16%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

18.16%

Calculation

R$5.10b

Earnings '28

x

16.13x

PE Ratio '28

=

R$82.25b

Market Cap '28

R$82.25b

Market Cap '28

/

1.15b

No. shares '28

=

R$71.38

Share Price '28

R$71.38 Share Price '28

Discounted to 2025 @ 18.16% p.a.

=

R$43.27

Fair Value '25