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Updated 1m ago
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CPFL Energia S.A.BOVESPA:CPFE3 Stock Report

Market Cap R$52.4b
Updated 1m ago
Share Price
n/a
1Y17.5%
7D-0.2%
1D0.6%
Portfolio Value
​
View

CPFL Energia S.A.

BOVESPA:CPFE3 Stock Report

Market Cap: R$52.4b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

CPFL Energia (CPFE3) Stock Overview

Through its subsidiaries, operates as an energy company in Brazil. More details

CPFE3 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health1/6
Dividends3/6

Rewards

Trading at 60.9% below our estimate of its fair value

Earnings grew by 11.1% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 8.21% is not well covered by free cash flows


CPFE3 Community Fair Values

Create Narrative

See what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
8.2% undervalued intrinsic discount
AnalystConsensusTarget
•11d ago

ANEEL Changes And Rising Distributed Generation Will Diminish Returns

172
0
8
AN
AnalystLowTarget
13.6% overvalued intrinsic discount
AnalystLowTarget
•25d ago

Transmission Bottlenecks And Rising Capex Will Pressure Long-Term Earnings And Margins

31
0
2
AN
AnalystHighTarget
22.6% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Grid Expansion And ESG Momentum Will Drive Stronger Long Term Earnings Visibility

17
0
2

Top Analyst Narratives

AN
AnalystConsensusTarget
8.2% undervalued intrinsic discount
AnalystConsensusTarget
•11d ago

ANEEL Changes And Rising Distributed Generation Will Diminish Returns

172
0
8
AN
AnalystLowTarget
13.6% overvalued intrinsic discount
AnalystLowTarget
•25d ago

Transmission Bottlenecks And Rising Capex Will Pressure Long-Term Earnings And Margins

31
0
2
AN
AnalystHighTarget
22.6% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Grid Expansion And ESG Momentum Will Drive Stronger Long Term Earnings Visibility

17
0
2
View all narratives

CPFL Energia S.A. Competitors

Companhia Paranaense de Energia - COPEL

Symbol: BOVESPA:CPLE3
Market cap: R$47.5b

Neoenergia

Symbol: BOVESPA:NEOE3
Market cap: R$41.0b

Equatorial

Symbol: BOVESPA:EQTL3
Market cap: R$49.7b

Companhia Energética de Minas Gerais - CEMIG

Symbol: BOVESPA:CMIG4
Market cap: R$37.9b

Price History & Performance

Summary of share price highs, lows and changes for CPFL Energia
Historical stock prices
Current Share PriceR$45.45
52 Week HighR$57.21
52 Week LowR$37.71
Beta0.10
1 Month Change7.40%
3 Month Change2.43%
1 Year Change17.47%
3 Year Change27.35%
5 Year Change65.21%
Change since IPO460.68%

Recent News & Updates

User avatar
Narrative Update • Sep 09

CPFE3: Higher Margins And Income Profile Will Support Balanced Future Returns

Analysts have trimmed their price target on CPFL Energia to about R$49.52 from roughly R$50.79. This reflects updated assumptions that combine slightly weaker revenue expectations and a higher discount rate with firmer profit margins and a lower future P/E.
User avatar
Narrative Update • Aug 25

CPFE3: Higher Required Returns Will Pressure Future P/E Multiple

Analysts now see CPFL Energia's fair value at R$40.00, slightly below the prior R$40.95. This reflects updated views on higher required returns, softer revenue expectations, a modestly stronger profit margin, and a lower future P/E.
User avatar
Narrative Update • Jul 21

CPFE3: Higher Margin Outlook Will Support Stronger Forward Earnings Power

Analysts have raised their fair value estimate for CPFL Energia from R$54.59 to R$58.70, citing revised assumptions for revenue growth, profit margins, the discount rate, and the forward P/E multiple. Analyst Commentary Bullish analysts view the higher fair value estimate for CPFL Energia as a reflection of improved confidence in the company’s ability to support its valuation through the updated revenue, margin, discount rate, and forward P/E assumptions.
User avatar
Narrative Update • Jul 07

CPFE3: Higher P/E Assumptions And 2026 Dividend Will Shape Returns

Analysts have lifted their price target for CPFL Energia to about R$41 from roughly R$36, citing updated assumptions for revenue trends, profit margins and future P/E that support a higher fair value despite a slightly higher discount rate. What's in the News CPFL Energia announced an annual dividend of R$0.1302 per share, with payment scheduled for June 18, 2026.

Recent updates

User avatar
Narrative Update • Sep 09

CPFE3: Higher Margins And Income Profile Will Support Balanced Future Returns

Analysts have trimmed their price target on CPFL Energia to about R$49.52 from roughly R$50.79. This reflects updated assumptions that combine slightly weaker revenue expectations and a higher discount rate with firmer profit margins and a lower future P/E.
User avatar
Narrative Update • Aug 25

CPFE3: Higher Required Returns Will Pressure Future P/E Multiple

Analysts now see CPFL Energia's fair value at R$40.00, slightly below the prior R$40.95. This reflects updated views on higher required returns, softer revenue expectations, a modestly stronger profit margin, and a lower future P/E.
User avatar
Narrative Update • Jul 21

CPFE3: Higher Margin Outlook Will Support Stronger Forward Earnings Power

Analysts have raised their fair value estimate for CPFL Energia from R$54.59 to R$58.70, citing revised assumptions for revenue growth, profit margins, the discount rate, and the forward P/E multiple. Analyst Commentary Bullish analysts view the higher fair value estimate for CPFL Energia as a reflection of improved confidence in the company’s ability to support its valuation through the updated revenue, margin, discount rate, and forward P/E assumptions.
User avatar
Narrative Update • Jul 07

CPFE3: Higher P/E Assumptions And 2026 Dividend Will Shape Returns

Analysts have lifted their price target for CPFL Energia to about R$41 from roughly R$36, citing updated assumptions for revenue trends, profit margins and future P/E that support a higher fair value despite a slightly higher discount rate. What's in the News CPFL Energia announced an annual dividend of R$0.1302 per share, with payment scheduled for June 18, 2026.
User avatar
Narrative Update • Jun 23

CPFE3: Higher Margins And Dividend Support Will Drive Future Upside

Analysts have adjusted their price target for CPFL Energia to reflect updated expectations for slightly softer revenue growth, a modestly higher profit margin, and a lower future P/E, resulting in a revised valuation of R$50.79 per share. Analyst Commentary Recent research commentary on CPFL Energia highlights a mix of optimism and caution around the stock’s revised valuation of R$50.79 per share, with opinions centered on how the updated revenue, margin and P/E assumptions may play out.
User avatar
Narrative Update • Jun 07

CPFE3: Stable Margins And Dividend Outlook Will Support Future Upside Potential

Analysts have nudged their price target for CPFL Energia slightly higher to R$50.79 from R$50.71, citing updated views on fair value, revenue trends, profit margins and future P/E assumptions. Analyst Commentary Analysts are using the updated R$50.79 price target to fine tune how they see CPFL Energia balancing valuation with its ability to execute on core operations and future growth plans.
User avatar
Narrative Update • May 22

CPFE3: Higher Margins And Discount Rate Assumptions Will Support Upside Potential

Analysts have lifted their fair value estimate for CPFL Energia from R$47.84 to R$50.71, citing updated assumptions around discount rates, revenue trends, profit margins, and future P/E levels. Analyst Commentary Recent research on CPFL Energia reflects a mix of optimism and caution around how current assumptions feed into the higher fair value estimate.
Analysis Article • May 17

CPFL Energia S.A. Just Beat Revenue By 8.4%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that CPFL Energia S.A. ( BVMF:CPFE3 ) filed its quarterly result this time last week...
User avatar
Narrative Update • Apr 20

CPFE3: Higher P/E Assumptions Will Likely Cap Returns From Current Levels

The analyst price target for CPFL Energia has shifted from R$46.62 to R$47.84, with analysts pointing to updated fair value estimates, slight adjustments to revenue and margin expectations, and a revised future P/E assumption as the key drivers behind this change. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the revised fair value estimates support the move to a R$47.84 target, which they see as better aligned with current assumptions around CPFL Energia's earnings power.
User avatar
Narrative Update • Apr 06

CPFE3: Stable Assumptions Suggest Earnings Resilience Will Likely Keep Shares Fairly Valued

Analysts have updated their view on CPFL Energia with a revised R$ price target, reflecting the unchanged fair value estimate of R$46.62, alongside consistent discount rate, revenue growth and profit margin assumptions that remain aligned with recent research commentary. Analyst Commentary Recent Street research on banks with similar regional and income profiles highlights how modest changes in price targets can reflect shifts in expectations for earnings resilience, capital deployment and growth rather than dramatic changes in thesis.
User avatar
Narrative Update • Mar 23

CPFE3: Stable Discount Rate And P/E Assumptions Will Likely Keep Shares Fairly Valued

Analysts have adjusted their price target on CPFL Energia to R$46.62. This reflects updated assumptions on discount rate, revenue growth, profit margin and future P/E, and is broadly in line with recent Street research that has also revised targets higher for peers.
User avatar
Narrative Update • Mar 09

CPFE3: Slightly Higher P/E Assumptions Will Likely Keep Shares Fairly Valued

Analysts have nudged their price target on CPFL Energia slightly higher to R$46.62, reflecting updated assumptions on revenue trends, profit margins and future P/E. These updates are broadly consistent with recent Street research adjustments seen in other names such as Central Pacific.
User avatar
Narrative Update • Feb 22

CPFE3: Stable Earnings Assumptions And Firm P/E Will Likely Keep Shares Fairly Valued

Analysts have nudged their fair value estimate for CPFL Energia higher to about R$46.59 from roughly R$46.09, citing updated assumptions around future earnings and valuation multiples as the key drivers of the revised price target. Analyst Commentary Bullish Takeaways Bullish analysts view the modest uplift in fair value, from about R$46.09 to roughly R$46.59, as a sign that updated assumptions around earnings and valuation multiples still support the current thesis rather than forcing a reset.
User avatar
Narrative Update • Feb 08

CPFE3: Softer Revenue Contraction And Rich P/E Will Likely Keep Shares Fairly Valued

Analysts lifted their fair value estimate for CPFL Energia from R$43.43 to R$46.09, citing updated assumptions around discount rates, modestly softer revenue contraction, slightly lower profit margins, and a higher future P/E multiple. Analyst Commentary Analysts' latest work on CPFL Energia focuses on how recent assumptions feed into valuation, especially around discount rates, revenue trends, margins, and the implied future P/E multiple.
Analysis Article • Feb 04

Risks To Shareholder Returns Are Elevated At These Prices For CPFL Energia S.A. (BVMF:CPFE3)

There wouldn't be many who think CPFL Energia S.A.'s ( BVMF:CPFE3 ) price-to-earnings (or "P/E") ratio of 10.8x is...
User avatar
Narrative Update • Jan 25

CPFE3: Weak Revenue Outlook And Rich P/E Will Likely Sustain Overvaluation

Analysts have nudged their price target for CPFL Energia slightly higher to reflect a modest increase in estimated fair value to R$43.43, while also acknowledging only small adjustments to profit margin assumptions and future P/E expectations. Valuation Changes Fair Value Estimate: Adjusted slightly from R$43.28 to R$43.43 per share, reflecting a modest tweak in the underlying valuation model.
Analysis Article • Jan 14

CPFL Energia (BVMF:CPFE3) Takes On Some Risk With Its Use Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
User avatar
Narrative Update • Jan 11

CPFE3: Stable Assumptions Will Likely Sustain Excessive Earnings Multiple

Analysts have kept their fair value estimate for CPFL Energia steady at R$43.28 per share, citing unchanged assumptions around the discount rate, revenue contraction and profit margin. Their forward P/E view also remains effectively the same.
User avatar
Narrative Update • Dec 26

CPFE3: Stable Assumptions Will Likely Sustain Excessive Earnings Multiple

Analysts have modestly raised their price target on CPFL Energia, citing largely unchanged fair value estimates and stable assumptions around the discount rate, revenue growth, profit margin, and future P E multiples. Valuation Changes Fair Value: Unchanged at R$43.28, indicating no material revision to the intrinsic valuation underpinning the price target.
User avatar
Narrative Update • Dec 11

CPFE3: Higher Earnings Multiple Will Likely Deepen Future Overvaluation Risk

Analysts have modestly raised their price target on CPFL Energia to BRL 43.28 from BRL 42.66. This reflects slightly improved long term revenue expectations despite marginally softer profit margin assumptions and a higher implied future P/E multiple.
User avatar
Narrative Update • Nov 27

CPFE3: Profit Margin Uplift Will Be Offset By Weak Revenue Trends

Analysts have raised their price target for CPFL Energia to R$42.66 from R$41.59. They cite improving profit margin projections and a more attractive valuation, despite tempered revenue growth expectations.
User avatar
Narrative Update • Nov 13

CPFE3: Marginal Shifts In Key Metrics Suggest A Balanced Outlook Ahead

Analysts have raised their price target for CPFL Energia from R$41.08 to R$41.59, reflecting incremental adjustments to key metrics such as revenue growth and the discount rate. What's in the News CPFL Energia is holding an Analyst/Investor Day and providing updates and outlooks for stakeholders (Key Developments).
Analysis Article • Nov 11

Returns On Capital Are Showing Encouraging Signs At CPFL Energia (BVMF:CPFE3)

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Oct 21

Subdued Growth No Barrier To CPFL Energia S.A.'s (BVMF:CPFE3) Price

It's not a stretch to say that CPFL Energia S.A.'s ( BVMF:CPFE3 ) price-to-earnings (or "P/E") ratio of 8.5x right now...
Analysis Article • Sep 30

Here's Why CPFL Energia (BVMF:CPFE3) Has A Meaningful Debt Burden

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
User avatar
Narrative Update • Sep 05

ANEEL Changes And Rising Distributed Generation Will Diminish Returns

With revenue growth and net profit margin projections both stable, analysts have maintained CPFL Energia's fair value estimate at R$41.08. Valuation Changes Summary of Valuation Changes for CPFL Energia The Consensus Analyst Price Target remained effectively unchanged, at R$41.08.
User avatar
New Narrative • Dec 02

Promising Green Hydrogen Project And Industrial Recovery Boost Prospects, But Regulatory Challenges And Margin Pressures May Limit Growth

Promising green hydrogen project and industrial market recovery indicate potential for increased future revenue and growth.

Shareholder Returns

CPFE3BR Electric UtilitiesBR Market
7D-0.2%-1.0%-1.0%
1Y17.5%6.3%14.2%

Return vs Industry: CPFE3 exceeded the BR Electric Utilities industry which returned 6.3% over the past year.

Return vs Market: CPFE3 exceeded the BR Market which returned 14.2% over the past year.

Price Volatility

Is CPFE3's price volatile compared to industry and market?
CPFE3 volatility
CPFE3 Average Weekly Movement3.5%
Electric Utilities Industry Average Movement3.5%
Market Average Movement4.1%
10% most volatile stocks in BR Market8.5%
10% least volatile stocks in BR Market1.8%

Stable Share Price: CPFE3 has not had significant price volatility in the past 3 months compared to the BR market.

Volatility Over Time: CPFE3's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1912n/aGustavo Estrellawww.cpfl.com.br

CPFL Energia S.A., through its subsidiaries, operates as an energy company in Brazil. It operates through Distribution, Generation, Transmission, Commercialization, and Services segments. The company generates electricity through hydroelectric, solar, wind, and biomass sources.

CPFL Energia S.A. Fundamentals Summary

How do CPFL Energia's earnings and revenue compare to its market cap?
CPFE3 fundamental statistics
Market capR$52.37b
Earnings (TTM)R$6.00b
Revenue (TTM)R$45.61b
8.7x
P/E Ratio
1.1x
P/S Ratio

Is CPFE3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CPFE3 income statement (TTM)
RevenueR$45.61b
Cost of RevenueR$31.04b
Gross ProfitR$14.57b
Other ExpensesR$8.56b
EarningsR$6.00b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)5.21
Gross Margin31.94%
Net Profit Margin13.17%
Debt/Equity Ratio154.7%

How did CPFE3 perform over the long term?

See historical performance and comparison

Dividends

8.2%
Current Dividend Yield
72%
Payout Ratio

Does CPFE3 pay a reliable dividends?

See CPFE3 dividend history and benchmarks
When do you need to buy CPFE3 by to receive an upcoming dividend?
CPFL Energia dividend dates
Ex Dividend DateApr 30 2026
Dividend Pay DateSep 24 2026
Days until Ex dividend143 days
Days until Dividend pay date4 days

Does CPFE3 pay a reliable dividends?

See CPFE3 dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 10:41
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CPFL Energia S.A. is covered by 16 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Felipe MattarBarclays
Gustavo FariaBofA Global Research
Francisco NavarreteBradesco S.A. Corretora de Títulos e Valores Mobiliários

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