Companhia de Eletricidade do Estado da Bahia - COELBA (BVMF:CEEB3) Use Of Debt Could Be Considered Risky
Nov 11
Brazilian (BOVESPA) Electric Utilities Industry Analysis
UpdatedNov 23, 2023
DataAggregated Company Financials
Companies29
- 7D-0.2%
- 3M5.2%
- 1Y5.4%
- YTD12.0%
Last week, the Electric Utilities industry hasn't moved much but Companhia de Eletricidade do Estado da Bahia - COELBA is up 7.0% in that time. As for the the longer term, the industry is up 6.6% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the Brazilian Electric Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 24 Nov 2023 | R$431.0b | R$389.7b | R$34.2b | 9.2x | 12.6x | 1.1x |
| Sun, 22 Oct 2023 | R$389.1b | R$381.9b | R$31.5b | 8.9x | 12.3x | 1x |
| Tue, 19 Sep 2023 | R$412.3b | R$381.9b | R$31.5b | 9.2x | 13.1x | 1.1x |
| Thu, 17 Aug 2023 | R$406.7b | R$381.9b | R$30.2b | 9.4x | 13.5x | 1.1x |
| Sat, 15 Jul 2023 | R$417.0b | R$376.9b | R$28.8b | 8.9x | 14.5x | 1.1x |
| Mon, 12 Jun 2023 | R$400.9b | R$376.8b | R$29.5b | 8.1x | 13.6x | 1.1x |
| Wed, 10 May 2023 | R$374.9b | R$371.6b | R$29.5b | 9x | 12.7x | 1x |
| Fri, 07 Apr 2023 | R$368.7b | R$358.3b | R$31.9b | 8.3x | 11.5x | 1x |
| Sun, 05 Mar 2023 | R$358.2b | R$378.0b | R$39.1b | 7.4x | 9.2x | 0.9x |
| Tue, 31 Jan 2023 | R$391.5b | R$380.2b | R$40.3b | 7.5x | 9.7x | 1x |
| Thu, 29 Dec 2022 | R$395.6b | R$380.2b | R$40.3b | 6.9x | 9.8x | 1x |
| Sat, 26 Nov 2022 | R$437.2b | R$377.0b | R$40.2b | 6.8x | 10.9x | 1.2x |
| Mon, 24 Oct 2022 | R$452.8b | R$396.5b | R$44.7b | 7.7x | 10.1x | 1.1x |
| Wed, 21 Sep 2022 | R$431.3b | R$396.5b | R$44.7b | 7.8x | 9.6x | 1.1x |
| Fri, 19 Aug 2022 | R$457.6b | R$393.9b | R$47.9b | 7.9x | 9.6x | 1.2x |
| Sun, 17 Jul 2022 | R$411.1b | R$390.4b | R$50.0b | 6.4x | 8.2x | 1.1x |
| Tue, 14 Jun 2022 | R$377.7b | R$390.5b | R$50.0b | 6.7x | 7.6x | 1x |
| Thu, 12 May 2022 | R$348.6b | R$381.7b | R$48.4b | 6.6x | 7.2x | 0.9x |
| Sat, 09 Apr 2022 | R$375.6b | R$379.2b | R$47.9b | 6.9x | 7.8x | 1x |
| Mon, 07 Mar 2022 | R$346.5b | R$367.1b | R$50.3b | 6.5x | 6.9x | 0.9x |
| Wed, 02 Feb 2022 | R$340.4b | R$364.6b | R$51.6b | 6.1x | 6.6x | 0.9x |
| Fri, 31 Dec 2021 | R$330.9b | R$364.3b | R$51.6b | 6x | 6.4x | 0.9x |
| Sun, 28 Nov 2021 | R$330.0b | R$358.2b | R$53.5b | 6x | 6.2x | 0.9x |
| Tue, 26 Oct 2021 | R$336.5b | R$328.2b | R$50.7b | 6.5x | 6.6x | 1x |
| Thu, 23 Sep 2021 | R$349.5b | R$328.2b | R$50.7b | 6.7x | 6.9x | 1.1x |
| Sat, 21 Aug 2021 | R$352.6b | R$328.0b | R$50.4b | 7.3x | 7x | 1.1x |
| Sat, 05 Jun 2021 | R$365.1b | R$305.6b | R$44.2b | 8.9x | 8.3x | 1.2x |
| Tue, 09 Mar 2021 | R$325.3b | R$293.9b | R$40.1b | 9.9x | 8.1x | 1.1x |
| Mon, 30 Nov 2020 | R$327.8b | R$282.6b | R$35.9b | 10.2x | 9.1x | 1.2x |
Price to Earnings Ratio
9.1x
Current Industry PE
- Investors are optimistic on the Brazilian Electric Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.6x which is higher than its 3-year average PE of 9.2x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 11% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Brazilian Utilities industry?
| BR Market | 1.39% | |
| Utilities | 0.30% | |
| Electric Utilities | -0.22% | |
| Electric Utilities | -0.22% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CEEB3 Companhia de Eletricidade do Estado da Bahia - COELBA | R$40.90 | 7.0% +R$697.2m | 9.1% | PE6.5x | |
| CPFE3 CPFL Energia | R$36.36 | 1.6% +R$645.3m | 7.8% | PE7.8x | |
| EQPA3 Equatorial Pará Distribuidora de Energia | R$6.85 | 3.0% +R$441.8m | -3.5% | PE7.2x | |
| EQTL3 Equatorial Energia | R$34.25 | 0.8% +R$290.4m | 23.8% | PE20.6x | |
| CSRN3 Companhia Energética do Rio Grande do Norte - COSERN | R$26.00 | 3.6% +R$151.3m | 32.8% | PE6.7x |