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CLSC

Centrais Elétricas de Santa Catarina BOVESPA:CLSC4 Stock Report

Last Price

R$57.15

Market Cap

R$2.1b

7D

6.8%

1Y

-26.2%

Updated

07 Aug, 2022

Data

Company Financials
CLSC4 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends4/6

CLSC4 Stock Overview

Centrais Elétricas de Santa Catarina S.A., through its subsidiaries, generates, transmits, and distributes power in Brazil.

Centrais Elétricas de Santa Catarina Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Centrais Elétricas de Santa Catarina
Historical stock prices
Current Share PriceR$57.15
52 Week HighR$78.78
52 Week LowR$50.50
Beta0.089
1 Month Change3.91%
3 Month Change10.97%
1 Year Change-26.22%
3 Year Change24.43%
5 Year Change176.22%
Change since IPO268.73%

Recent News & Updates

Shareholder Returns

CLSC4BR Electric UtilitiesBR Market
7D6.8%3.2%3.4%
1Y-26.2%8.9%-21.9%

Return vs Industry: CLSC4 underperformed the BR Electric Utilities industry which returned 8.9% over the past year.

Return vs Market: CLSC4 underperformed the BR Market which returned -21.9% over the past year.

Price Volatility

Is CLSC4's price volatile compared to industry and market?
CLSC4 volatility
CLSC4 Average Weekly Movement4.7%
Electric Utilities Industry Average Movement4.1%
Market Average Movement6.0%
10% most volatile stocks in BR Market9.5%
10% least volatile stocks in BR Market2.4%

Stable Share Price: CLSC4 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CLSC4's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19553,893Cleicio Martinshttps://www.celesc.com.br

Centrais Elétricas de Santa Catarina S.A., through its subsidiaries, generates, transmits, and distributes power in Brazil. It primarily owns hydroelectric plants, as well as distributes natural gas through pipes. The company was founded in 1955 and is headquartered in Florianópolis, Brazil.

Centrais Elétricas de Santa Catarina Fundamentals Summary

How do Centrais Elétricas de Santa Catarina's earnings and revenue compare to its market cap?
CLSC4 fundamental statistics
Market CapR$2.09b
Earnings (TTM)R$623.88m
Revenue (TTM)R$12.04b

3.5x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLSC4 income statement (TTM)
RevenueR$12.04b
Cost of RevenueR$10.03b
Gross ProfitR$2.01b
Other ExpensesR$1.39b
EarningsR$623.88m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)16.17
Gross Margin16.70%
Net Profit Margin5.18%
Debt/Equity Ratio90.9%

How did CLSC4 perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

20%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CLSC4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CLSC4?

Other financial metrics that can be useful for relative valuation.

CLSC4 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA1.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CLSC4's PE Ratio compare to its peers?

CLSC4 PE Ratio vs Peers
The above table shows the PE ratio for CLSC4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.2x
GPAR3 Companhia CELG de Participações S/A
14.9xn/aR$2.2b
LIGT3 Light
6.8x45.2%R$2.3b
CEPE5 Companhia Energética de Pernambuco - CELPE
13.6xn/aR$2.9b
CSRN3 Companhia Energética do Rio Grande do Norte - COSERN
5.6xn/aR$3.2b
CLSC4 Centrais Elétricas de Santa Catarina
3.5xn/aR$2.1b

Price-To-Earnings vs Peers: CLSC4 is good value based on its Price-To-Earnings Ratio (3.5x) compared to the peer average (10.2x).


Price to Earnings Ratio vs Industry

How does CLSC4's PE Ratio compare vs other companies in the BR Electric Utilities Industry?

Price-To-Earnings vs Industry: CLSC4 is good value based on its Price-To-Earnings Ratio (3.5x) compared to the BR Electric Utilities industry average (6.8x)


Price to Earnings Ratio vs Fair Ratio

What is CLSC4's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CLSC4 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CLSC4's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CLSC4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CLSC4 (R$57.15) is trading above our estimate of fair value (R$53.32)

Significantly Below Fair Value: CLSC4 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Centrais Elétricas de Santa Catarina forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.3%

Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Centrais Elétricas de Santa Catarina has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has Centrais Elétricas de Santa Catarina performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


41.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CLSC4 has a large one-off loss of R$542.1M impacting its March 31 2022 financial results.

Growing Profit Margin: CLSC4's current net profit margins (5.2%) are lower than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: CLSC4's earnings have grown significantly by 41.2% per year over the past 5 years.

Accelerating Growth: CLSC4's earnings growth over the past year (8.7%) is below its 5-year average (41.2% per year).

Earnings vs Industry: CLSC4 earnings growth over the past year (8.7%) underperformed the Electric Utilities industry 16.5%.


Return on Equity

High ROE: CLSC4's Return on Equity (21.9%) is considered high.


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Financial Health

How is Centrais Elétricas de Santa Catarina's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CLSC4's short term assets (R$4.8B) exceed its short term liabilities (R$3.5B).

Long Term Liabilities: CLSC4's short term assets (R$4.8B) do not cover its long term liabilities (R$6.6B).


Debt to Equity History and Analysis

Debt Level: CLSC4's net debt to equity ratio (30.9%) is considered satisfactory.

Reducing Debt: CLSC4's debt to equity ratio has increased from 34.3% to 90.9% over the past 5 years.

Debt Coverage: CLSC4's debt is well covered by operating cash flow (38.2%).

Interest Coverage: CLSC4's interest payments on its debt are well covered by EBIT (24.2x coverage).


Balance Sheet


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Dividend

What is Centrais Elétricas de Santa Catarina current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.76%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CLSC4's dividend (5.76%) is higher than the bottom 25% of dividend payers in the BR market (1.57%).

High Dividend: CLSC4's dividend (5.76%) is low compared to the top 25% of dividend payers in the BR market (7.61%).


Stability and Growth of Payments

Stable Dividend: CLSC4's dividend payments have been volatile in the past 10 years.

Growing Dividend: CLSC4's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.3%), CLSC4's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (50.9%), CLSC4's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Cleicio Martins (47 yo)

no data

Tenure

Cleicio Poleto Martins is the Chief Executive Officer and Director of Centrais Elétricas de Santa Catarina S.A and had been its Director of Distribution since February 2019. Cleicio Poleto Martins serves a...


Leadership Team

Experienced Management: CLSC4's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: CLSC4's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Centrais Elétricas de Santa Catarina S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Centrais Elétricas de Santa Catarina S.A.
  • Ticker: CLSC4
  • Exchange: BOVESPA
  • Founded: 1955
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: R$2.086b
  • Shares outstanding: 38.57m
  • Website: https://www.celesc.com.br

Number of Employees


Location

  • Centrais Elétricas de Santa Catarina S.A.
  • Itamarati Avenue, 160
  • Itacorubi neighborhood
  • Florianópolis
  • Santa Catarina
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.