Reported Earnings • May 05
First quarter 2026 earnings released First quarter 2026 results: Revenue: R$2.62b (up 11% from 1Q 2025). Net income: R$226.0m (down 22% from 1Q 2025). Profit margin: 8.6% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. 공시 • Mar 12
Elektro Redes S.A., Annual General Meeting, Apr 10, 2026 Elektro Redes S.A., Annual General Meeting, Apr 10, 2026. Location: rua ary antenor de souza, no. 321, jardim nova america, city of campinas, city of campinas, Brazil Reported Earnings • Oct 29
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: R$2.61b (up 8.6% from 3Q 2024). Net income: R$196.0m (down 14% from 3Q 2024). Profit margin: 7.5% (down from 9.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Jul 23
Second quarter 2025 earnings released: EPS: R$1.30 (vs R$1.13 in 2Q 2024) Second quarter 2025 results: EPS: R$1.30 (up from R$1.13 in 2Q 2024). Revenue: R$2.23b (up 1.3% from 2Q 2024). Net income: R$251.0m (up 15% from 2Q 2024). Profit margin: 11% (up from 9.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to R$56.46, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 7x in the Electric Utilities industry in Brazil. Total returns to shareholders of 223% over the past three years. New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 306% Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • May 02
First quarter 2025 earnings released: EPS: R$1.42 (vs R$1.41 in 1Q 2024) First quarter 2025 results: EPS: R$1.42 (up from R$1.41 in 1Q 2024). Revenue: R$2.36b (up 3.6% from 1Q 2024). Net income: R$289.0m (up 5.9% from 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 188% Minor Risks High level of debt (323% net debt to equity). Share price has been volatile over the past 3 months (7.6% average weekly change). 공시 • Mar 13
Elektro Redes S.A., Annual General Meeting, Apr 11, 2025 Elektro Redes S.A., Annual General Meeting, Apr 11, 2025. Location: rua ary antenor de souza321, jardim nova america, state of sao paulo., campinas Brazil Reported Earnings • Feb 18
Full year 2024 earnings released Full year 2024 results: Revenue: R$9.33b (up 7.2% from FY 2023). Net income: R$915.0m (down 5.8% from FY 2023). Profit margin: 9.8% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Cash payout ratio: 175% Minor Risks High level of debt (307% net debt to equity). Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Oct 23
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: R$2.41b (up 11% from 3Q 2023). Net income: R$229.0m (up 1.3% from 3Q 2023). Profit margin: 9.5% (in line with 3Q 2023). Buy Or Sell Opportunity • Oct 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to R$45.45. The fair value is estimated to be R$37.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 5.5%. Buy Or Sell Opportunity • Sep 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to R$45.53. The fair value is estimated to be R$37.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 5.5%. Reported Earnings • Jul 25
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: R$2.20b (up 12% from 2Q 2023). Net income: R$218.0m (up 22% from 2Q 2023). Profit margin: 9.9% (in line with 2Q 2023). Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to R$45.67, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 8x in the Electric Utilities industry in Brazil. Total returns to shareholders of 154% over the past three years. Reported Earnings • Apr 24
First quarter 2024 earnings released First quarter 2024 results: Revenue: R$2.28b (flat on 1Q 2023). Net income: R$273.0m (down 3.5% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to R$40.00, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 8x in the Electric Utilities industry in Brazil. Total returns to shareholders of 163% over the past three years. Buy Or Sell Opportunity • Apr 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to R$49.77. The fair value is estimated to be R$41.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 12%. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to R$46.99, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 9x in the Electric Utilities industry in Brazil. Total returns to shareholders of 184% over the past three years. Reported Earnings • Feb 08
Full year 2023 earnings released Full year 2023 results: Revenue: R$8.70b (up 3.8% from FY 2022). Net income: R$971.0m (down 1.5% from FY 2022). Profit margin: 11% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Dec 29
Upcoming dividend of R$0.49 per share at 11% yield Eligible shareholders must have bought the stock before 05 January 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 5.8% but the company is paying out more than the cash it is generating. Trailing yield: 11%. Within top quartile of Brazilian dividend payers (7.6%). Higher than average of industry peers (5.1%). Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: R$2.16b (up 8.0% from 3Q 2022). Net income: R$226.0m (up 46% from 3Q 2022). Profit margin: 10% (up from 7.7% in 3Q 2022). The increase in margin was driven by higher revenue. Buying Opportunity • Aug 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.2%. The fair value is estimated to be R$45.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • Jul 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: R$1.96b (down 2.5% from 2Q 2022). Net income: R$179.0m (down 42% from 2Q 2022). Profit margin: 9.1% (down from 15% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year. New Risk • Jul 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (145% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). New Risk • Jun 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Brazilian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (145% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Apr 29
First quarter 2023 earnings released First quarter 2023 results: Revenue: R$2.27b (up 4.8% from 1Q 2022). Net income: R$283.0m (down 9.9% from 1Q 2022). Profit margin: 13% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year and the company’s share price has also increased by 30% per year. Reported Earnings • Feb 17
Full year 2022 earnings released Full year 2022 results: Revenue: R$8.39b (down 1.4% from FY 2021). Net income: R$986.0m (up 20% from FY 2021). Profit margin: 12% (up from 9.7% in FY 2021). The increase in margin was driven by lower expenses. Upcoming Dividend • Dec 29
Upcoming dividend of R$0.27 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 31 December 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Brazilian dividend payers (8.1%). Lower than average of industry peers (7.1%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Juan Eguiagaray Ucelay was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: R$2.00b (down 15% from 3Q 2021). Net income: R$155.0m (down 16% from 3Q 2021). Profit margin: 7.7% (down from 7.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 29
Upcoming dividend of R$0.29 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 31 December 2022. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Brazilian dividend payers (6.9%). Lower than average of industry peers (6.9%). Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: R$1.60 (vs R$0.75 in 2Q 2021) Second quarter 2022 results: EPS: R$1.60 (up from R$0.75 in 2Q 2021). Revenue: R$1.76b (down 3.6% from 2Q 2021). Net income: R$310.0m (up 112% from 2Q 2021). Profit margin: 18% (up from 8.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 29
Upcoming dividend of R$0.27 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 31 December 2022. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Brazilian dividend payers (7.7%). Lower than average of industry peers (7.1%). Reported Earnings • May 01
First quarter 2022 earnings released: EPS: R$1.54 (vs R$1.06 in 1Q 2021) First quarter 2022 results: EPS: R$1.54 (up from R$1.06 in 1Q 2021). Revenue: R$2.17b (up 13% from 1Q 2021). Net income: R$314.0m (up 53% from 1Q 2021). Profit margin: 14% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Juan Eguiagaray Ucelay was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 15
Upcoming dividend of R$3.72 per share Eligible shareholders must have bought the stock before 22 April 2022. Payment date: 31 December 2022. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Brazilian dividend payers (6.3%). Lower than average of industry peers (5.9%). Reported Earnings • Feb 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: R$4.03 (up from R$3.06 in FY 2020). Revenue: R$8.51b (up 25% from FY 2020). Net income: R$822.0m (up 39% from FY 2020). Profit margin: 9.7% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Feb 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Juan Eguiagaray Ucelay was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 30
Upcoming dividend of R$0.37 per share Eligible shareholders must have bought the stock before 06 January 2022. Payment date: 31 December 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of Brazilian dividend payers (5.3%). Lower than average of industry peers (5.7%). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS R$0.95 (vs R$0.91 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: R$2.25b (up 29% from 3Q 2020). Net income: R$185.0m (up 5.1% from 3Q 2020). Profit margin: 8.2% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 21% share price gain to R$30.78, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 8x in the Electric Utilities industry in Brazil. Total returns to shareholders of 94% over the past three years. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS R$0.75 (vs R$0.27 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: R$1.76b (up 20% from 2Q 2020). Net income: R$146.0m (up 181% from 2Q 2020). Profit margin: 8.3% (up from 3.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year. Is New 90 Day High Low • Feb 24
New 90-day low: R$22.85 The company is down 3.0% from its price of R$23.50 on 24 November 2020. The Brazilian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 1.0% over the same period. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS R$2.90 (vs R$2.55 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: R$6.83b (flat on FY 2019). Net income: R$592.0m (up 20% from FY 2019). Profit margin: 8.7% (up from 7.3% in FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to R$24.22, the stock is trading at a trailing P/E ratio of 9.5x, down from the previous P/E ratio of 11.6x. This compares to an average P/E of 12x in the Electric Utilities industry in Brazil. Total returns to shareholders over the past three years are 21%. Is New 90 Day High Low • Jan 05
New 90-day high: R$29.50 The company is up 35% from its price of R$21.92 on 30 September 2020. The Brazilian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 17% over the same period. Upcoming Dividend • Dec 31
Upcoming Dividend of R$0.70 Per Share Will be paid on the 31st of December to those who are registered shareholders by the 7th of January. The trailing yield of 2.7% is below the top quartile of Brazilian dividend payers (4.7%), and is lower than industry peers (3.7%). Is New 90 Day High Low • Nov 18
New 90-day high: R$27.40 The company is up 37% from its price of R$20.00 on 20 August 2020. The Brazilian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 25% share price gain to R$27.40, the stock is trading at a trailing P/E ratio of 10.8x, up from the previous P/E ratio of 8.7x. This compares to an average P/E of 12x in the Electric Utilities industry in Brazil. Total returns to shareholders over the past three years are 30%. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of R$491.9m, down 11% from the prior year. Total revenue was R$6.61b over the last 12 months, up 1.0% from the prior year. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total profits of R$492.0m, down 11% from the prior year. Total revenue was R$6.61b over the last 12 months, up 1.0% from the prior year. Is New 90 Day High Low • Sep 29
New 90-day high: R$22.00 The company is up 9.0% from its price of R$20.15 on 24 June 2020. The Brazilian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 1.0% over the same period.