CPFL Energia
Market Cap
R$36.2b
Last Updated
2021/01/21 22:00 UTC
Data Sources
Company Financials +
Executive Summary
CPFL Energia S.A., through its subsidiaries, generates, transmits, distributes, and commercializes electricity to residential, industrial, and commercial customers in Brazil. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record established dividend payer.
Similar Companies
Share Price & News
How has CPFL Energia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CPFE3 is less volatile than 75% of BR stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CPFE3's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-2.6%
CPFE3
-0.8%
BR Electric Utilities
-0.7%
BR Market
1 Year Return
-19.3%
CPFE3
-8.5%
BR Electric Utilities
0.8%
BR Market
Return vs Industry: CPFE3 underperformed the BR Electric Utilities industry which returned -8.5% over the past year.
Return vs Market: CPFE3 underperformed the BR Market which returned 0.8% over the past year.
Shareholder returns
| CPFE3 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.6% | -0.8% | -0.7% |
| 30 Day | -3.6% | 0.6% | 4.9% |
| 90 Day | 5.3% | 9.6% | 16.8% |
| 1 Year | -14.6%-19.3% | -4.9%-8.5% | 3.5%0.8% |
| 3 Year | 62.6%49.6% | 89.6%67.6% | 54.4%37.8% |
| 5 Year | 125.6%103.6% | 245.3%175.8% | 219.0%164.3% |
Long-Term Price Volatility Vs. Market
How volatile is CPFL Energia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 months ago | Simply Wall St
Can You Imagine How Chuffed CPFL Energia's (BVMF:CPFE3) Shareholders Feel About Its 139% Share Price Gain?1 year ago | Simply Wall St
Should We Worry About CPFL Energia S.A.'s (BVMF:CPFE3) P/E Ratio?1 year ago | Simply Wall St
Does CPFL Energia S.A. (BVMF:CPFE3) Create Value For Shareholders?Valuation
Is CPFL Energia undervalued compared to its fair value and its price relative to the market?
10.12x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CPFE3 (R$30.92) is trading above our estimate of fair value (R$28.53)
Significantly Below Fair Value: CPFE3 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CPFE3 is good value based on its PE Ratio (10.1x) compared to the BR Electric Utilities industry average (10.8x).
PE vs Market: CPFE3 is good value based on its PE Ratio (10.1x) compared to the BR market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: CPFE3 is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: CPFE3 is overvalued based on its PB Ratio (2.5x) compared to the BR Electric Utilities industry average (1.9x).
Next Steps
Future Growth
How is CPFL Energia forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
6.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CPFE3's forecast earnings growth (6.7% per year) is below the savings rate (9.9%).
Earnings vs Market: CPFE3's earnings (6.7% per year) are forecast to grow slower than the BR market (27.3% per year).
High Growth Earnings: CPFE3's earnings are forecast to grow, but not significantly.
Revenue vs Market: CPFE3's revenue (3.8% per year) is forecast to grow slower than the BR market (10.4% per year).
High Growth Revenue: CPFE3's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CPFE3's Return on Equity is forecast to be high in 3 years time (24.1%)
Next Steps
Past Performance
How has CPFL Energia performed over the past 5 years?
29.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CPFE3 has high quality earnings.
Growing Profit Margin: CPFE3's current net profit margins (11.9%) are higher than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: CPFE3's earnings have grown significantly by 29.7% per year over the past 5 years.
Accelerating Growth: CPFE3's earnings growth over the past year (42.6%) exceeds its 5-year average (29.7% per year).
Earnings vs Industry: CPFE3 earnings growth over the past year (42.6%) exceeded the Electric Utilities industry 10.1%.
Return on Equity
High ROE: Whilst CPFE3's Return on Equity (24.12%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is CPFL Energia's financial position?
Financial Position Analysis
Short Term Liabilities: CPFE3's short term assets (R$15.9B) exceed its short term liabilities (R$13.0B).
Long Term Liabilities: CPFE3's short term assets (R$15.9B) do not cover its long term liabilities (R$22.9B).
Debt to Equity History and Analysis
Debt Level: CPFE3's debt to equity ratio (152.4%) is considered high.
Reducing Debt: CPFE3's debt to equity ratio has reduced from 212.1% to 152.4% over the past 5 years.
Debt Coverage: CPFE3's debt is well covered by operating cash flow (30.7%).
Interest Coverage: CPFE3's interest payments on its debt are well covered by EBIT (12.1x coverage).
Balance Sheet
Next Steps
Dividend
What is CPFL Energia current dividend yield, its reliability and sustainability?
5.82%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CPFE3's dividend (5.82%) is higher than the bottom 25% of dividend payers in the BR market (0.95%).
High Dividend: CPFE3's dividend (5.82%) is in the top 25% of dividend payers in the BR market (5%)
Stability and Growth of Payments
Stable Dividend: CPFE3's dividend payments have been volatile in the past 10 years.
Growing Dividend: CPFE3's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59%), CPFE3's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CPFE3's dividends in 3 years are forecast to be covered by earnings (68.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Gustavo Estrella (46 yo)
2yrs
Tenure
Mr. Gustavo Estrella serves as Director at CPFL Geração de Energia S.A. since 2019 and has been its Member of Executive Board. He had been the Vice President of Business Development, Planning & Corporate M...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Senior Executive VP | 2yrs | no data | no data | |
| CFO & IR Officer | 1yr | no data | no data | |
| Chief Market Operations Officer | no data | no data | no data | |
| VP of Regulated Operations & Member of the Board of Executive Officers | no data | no data | no data | |
| VP of Legal & Institutional Relations | no data | no data | no data | |
| VP of Business Development & Member of Board of Executive Officers | 1yr | no data | no data | |
| VP of Business Management & Member of Board of Executive Officers | 1yr | no data | no data | |
| Chief Accounting Officer & Controller | no data | no data | no data | |
| Secretary | 11.33yrs | no data | no data | |
| Secretary | no data | no data | no data | |
| Secretary | no data | no data | no data | |
| Director of Investor Relations | no data | no data | no data |
1.9yrs
Average Tenure
43yo
Average Age
Experienced Management: CPFE3's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Senior Executive VP | 2yrs | no data | no data | |
| CFO & IR Officer | 1yr | no data | no data | |
| Independent Director | 3.5yrs | no data | no data | |
| Independent Director | no data | no data | no data | |
| Member of Fiscal Council | no data | no data | no data | |
| Member of Fiscal Council | no data | no data | no data | |
| Chairman | no data | no data | no data | |
| Director | 1.67yrs | no data | no data | |
| Director | 1.67yrs | no data | no data | |
| Member of Fiscal Council | 1yr | no data | no data |
1.7yrs
Average Tenure
50yo
Average Age
Experienced Board: CPFE3's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
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
CPFL Energia S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CPFL Energia S.A.
- Ticker: CPFE3
- Exchange: BOVESPA
- Founded: 1998
- Industry: Electric Utilities
- Sector: Utilities
- Market Cap: R$36.192b
- Shares outstanding: 1.15b
- Website: https://www.cpfl.com.br
Number of Employees
Location
- CPFL Energia S.A.
- Rua Jorge de Figueiredo Correa
- No. 1,632, parte
- Campinas
- São Paulo
- 13087-397
- Brazil
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CPFE3 | BOVESPA (Bolsa de Valores de Sao Paulo) | Yes | Common Shares | BR | BRL | Oct 2004 |
Biography
CPFL Energia S.A., through its subsidiaries, generates, transmits, distributes, and commercializes electricity to residential, industrial, and commercial customers in Brazil. The company generates electric...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 22:00 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.