Energisa S.A.'s (BVMF:ENGI3) Share Price Not Quite Adding Up
Dec 27
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Brazilian (BOVESPA) Utilities Sector Analysis
UpdatedDec 31, 2024
DataAggregated Company Financials
Companies35
- 7D-0.5%
- 3M-9.3%
- 1Y-13.6%
- YTD-11.3%
Over the last 7 days, the Utilities industry has dropped 1.7%, driven by declines in Ampla Energia e Serviços and Engie Brasil Energia of 17% and 1.9%, respectively. The industry has fallen 13% in the last year. Looking forward, earnings are forecast to decline by 1.9% per year.
Sector Valuation and Performance
Has the Brazilian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Dec 2024 | R$527.3b | R$474.8b | R$69.1b | 8.2x | 7.6x | 1.1x |
| Thu, 28 Nov 2024 | R$573.1b | R$474.8b | R$69.1b | 8.7x | 8.3x | 1.2x |
| Sat, 26 Oct 2024 | R$597.3b | R$473.2b | R$56.4b | 9.4x | 10.6x | 1.3x |
| Mon, 23 Sep 2024 | R$608.9b | R$470.6b | R$57.0b | 8.3x | 10.7x | 1.3x |
| Wed, 21 Aug 2024 | R$623.7b | R$474.8b | R$59.2b | 8.1x | 10.5x | 1.3x |
| Fri, 19 Jul 2024 | R$572.0b | R$463.1b | R$55.9b | 7.9x | 10.2x | 1.2x |
| Sun, 16 Jun 2024 | R$548.0b | R$463.1b | R$55.9b | 7.9x | 9.8x | 1.2x |
| Tue, 14 May 2024 | R$578.9b | R$469.8b | R$56.1b | 8.5x | 10.3x | 1.2x |
| Thu, 11 Apr 2024 | R$602.7b | R$465.6b | R$54.7b | 9.6x | 11x | 1.3x |
| Sat, 09 Mar 2024 | R$591.2b | R$440.3b | R$44.4b | 9.7x | 13.3x | 1.3x |
| Mon, 05 Feb 2024 | R$617.1b | R$468.3b | R$47.0b | 11.9x | 13.1x | 1.3x |
| Wed, 03 Jan 2024 | R$627.0b | R$468.3b | R$47.0b | 12.5x | 13.4x | 1.3x |
| Fri, 01 Dec 2023 | R$602.2b | R$468.3b | R$47.0b | 11.8x | 12.8x | 1.3x |
| Sun, 29 Oct 2023 | R$561.8b | R$459.3b | R$45.7b | 10.7x | 12.3x | 1.2x |
| Tue, 26 Sep 2023 | R$580.0b | R$458.7b | R$45.4b | 11.2x | 12.8x | 1.3x |
| Thu, 24 Aug 2023 | R$579.0b | R$458.3b | R$43.9b | 10.9x | 13.2x | 1.3x |
| Sat, 22 Jul 2023 | R$592.4b | R$451.3b | R$41.5b | 12.1x | 14.3x | 1.3x |
| Mon, 19 Jun 2023 | R$574.9b | R$449.8b | R$42.4b | 10.1x | 13.6x | 1.3x |
| Wed, 17 May 2023 | R$553.1b | R$443.5b | R$42.7b | 9.7x | 12.9x | 1.2x |
| Fri, 14 Apr 2023 | R$558.5b | R$454.6b | R$45.9b | 9.2x | 12.2x | 1.2x |
| Sun, 12 Mar 2023 | R$534.1b | R$463.1b | R$53.1b | 9.5x | 10.1x | 1.2x |
| Tue, 07 Feb 2023 | R$557.6b | R$461.9b | R$51.5b | 8.5x | 10.8x | 1.2x |
| Thu, 05 Jan 2023 | R$558.5b | R$461.9b | R$51.5b | 8.4x | 10.8x | 1.2x |
| Sat, 03 Dec 2022 | R$613.2b | R$461.2b | R$51.6b | 8.2x | 11.9x | 1.3x |
| Mon, 31 Oct 2022 | R$633.2b | R$470.7b | R$54.9b | 8.9x | 11.5x | 1.3x |
| Wed, 28 Sep 2022 | R$593.2b | R$474.3b | R$55.4b | 8.7x | 10.7x | 1.3x |
| Fri, 26 Aug 2022 | R$621.8b | R$470.4b | R$59.0b | 8.7x | 10.5x | 1.3x |
| Sun, 24 Jul 2022 | R$578.1b | R$463.2b | R$61.0b | 7.6x | 9.5x | 1.2x |
| Tue, 21 Jun 2022 | R$543.1b | R$463.2b | R$61.0b | 8.2x | 8.9x | 1.2x |
| Thu, 19 May 2022 | R$520.0b | R$454.8b | R$60.0b | 8.1x | 8.7x | 1.1x |
| Sat, 16 Apr 2022 | R$556.7b | R$450.1b | R$60.5b | 8.6x | 9.2x | 1.2x |
| Mon, 14 Mar 2022 | R$495.0b | R$438.9b | R$63.4b | 7x | 7.8x | 1.1x |
| Wed, 09 Feb 2022 | R$478.6b | R$434.9b | R$64.4b | 6.9x | 7.4x | 1.1x |
| Fri, 07 Jan 2022 | R$459.7b | R$434.9b | R$64.4b | 6.4x | 7.1x | 1.1x |
Price to Earnings Ratio
7.1x
Current Industry PE
- Investors are pessimistic on the Brazilian Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.6x which is lower than its 3-year average PE of 10.9x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 2.4% per year over the last three years.
- Revenues for these companies have grown 3.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Brazilian Utilities sector?
| BR Market | -1.14% | |
| Utilities | -0.50% | |
| Water Utilities | 0.28% | |
| Gas Utilities | 0% | |
| Other Utilities | 0% | |
| Renewable Energy | -0.59% | |
| Electric Utilities | -0.66% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 15.8x.
- Analysts are expecting annual earnings decline of 8.2%, which is lower than the prior year's growth of 39.8% per year.
- Investors are most pessimistic about the Water Utilities industry, which is trading below its 3-year average of 11.0x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Electric Utilities industry since they expect its earnings to decline by only 0.6% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 4.5% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 8.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ENGI3 Energisa | R$11.03 | 3.7% +R$891.4m | -40.6% | PE10.2x | |
| CPFE3 CPFL Energia | R$31.59 | 0.9% +R$334.2m | -18.0% | PE6.6x | |
| GEPA3 Rio Paranapanema Energia | R$29.00 | 7.4% +R$188.9m | 6.5% | PE10.1x | |
| CEEB3 Companhia de Eletricidade do Estado da Bahia - COELBA | R$38.60 | 1.3% +R$133.7m | -5.2% | PE5.8x | |
| REDE3 Rede Energia Participações | R$6.30 | 1.0% +R$126.6m | -4.8% | PE8.5x |
