Gas Capacity Expansion And Renewables Integration Will Drive Brazil Transition

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

18 Dec 24

Updated

11 Dec 25

Views

24

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

84.2%

7D

5.7%

Loading

1Y

84.2%

7D

5.7%

You can edit this narrative until Dec 12 11:10 PM. Then, changes will post as Updates.

Author's Valuation

R$20.352.5% overvalued

AnalystConsensusTarget Fair Value

Shared on 11 Dec 25

Fair value Increased 20%

ENEV3: Higher Multiple And Softer Margins Will Shape Balanced Outlook

Analysts have raised their price target for Eneva from R$17.01 to R$20.35, citing modest improvements in expected revenue trends, a slightly lower discount rate, and a higher future P/E multiple despite a marginally softer projected profit margin. Valuation Changes Fair Value: Raised from R$17.01 to R$20.35, representing a moderate upward revision in the estimated intrinsic value.

Shared on 27 Nov 25

Fair value Increased 2.68%

ENEV3: Margin Pressure and Slower Recovery in Revenues Will Limit Upside

The analyst price target for Eneva has increased slightly from R$16.56 to R$17.01. Analysts factor in modest improvements to revenue forecasts, which are offsetting slightly lower margin expectations.

Shared on 13 Nov 25

Fair value Increased 1.68%

ENEV3: Revenue Slowdown and Margin Pressure Will Limit Share Price Upside

Analysts have modestly raised their price target for Eneva from R$16.29 to R$16.56, citing updated assumptions. This comes despite lower revenue growth forecasts and a slight decline in projected profit margin.

Shared on 20 Sep 25

Fair value Increased 2.09%

The slight increase in Eneva’s future P/E multiple suggests a modestly more optimistic earnings outlook, supporting the upward revision in the consensus analyst price target from R$15.96 to R$16.29. What's in the News Eneva has partnered with Accenture and Google Cloud to adopt AI and cloud solutions to optimize operations, boost equipment reliability, increase employee productivity, and drive growth in Brazil’s rapidly evolving energy market.

Shared on 01 May 25

Fair value Increased 24%

Shared on 23 Apr 25

Fair value Decreased 17%

AnalystConsensusTarget has increased future PE multiple from 14.9x to 18.3x and increased shares outstanding growth rate from 0.1% to 0.2%.

Shared on 17 Apr 25

Fair value Decreased 18%

AnalystConsensusTarget has increased shares outstanding growth rate from 0.0% to 0.1%.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 21%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Decreased 19%

AnalystConsensusTarget has decreased revenue growth from 9.2% to 4.0%, increased profit margin from 24.0% to 26.4% and decreased future PE multiple from 17.4x to 15.0x.

Shared on 19 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Increased 22%

AnalystConsensusTarget has increased revenue growth from -2.5% to 9.2% and decreased shares outstanding growth rate from 0.1% to 0.0%.

AnalystConsensusTarget Fair Value

R$20.35

2.5% overvalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

-7.70%

Renewable Energy revenue growth rate

0.42%

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

20.33%

Calculation

R$3.20b

Earnings '28

x

20.71x

PE Ratio '28

=

R$66.26b

Market Cap '28

R$66.26b

Market Cap '28

/

1.87b

No. shares '28

=

R$35.44

Share Price '28

R$35.44 Share Price '28

Discounted to 2025 @ 20.32% p.a.

=

R$20.34

Fair Value '25