CPFL Energia S.A.

BOVESPA:CPFE3 Stock Report

Market Cap: R$50.2b

CPFL Energia Future Growth

Future criteria checks 1/6

CPFL Energia's revenue and earnings are forecast to decline at 0.6% and 2.7% per annum respectively. EPS is expected to decline by 1.9% per annum. Return on equity is forecast to be 22.2% in 3 years.

Key information

-2.7%

Earnings growth rate

-1.87%

EPS growth rate

Electric Utilities earnings growth10.2%
Revenue growth rate-0.6%
Future return on equity22.22%
Analyst coverage

Good

Last updated15 May 2026

Recent future growth updates

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...
Analysis Article • Aug 17

CPFL Energia S.A. Just Beat EPS By 7.7%: Here's What Analysts Think Will Happen Next

BOVESPA:CPFE3 1 Year Share Price vs Fair Value Explore CPFL Energia's Fair Values from the Community and select yours...

Recent updates

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...
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.
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.
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.
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.
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.
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...
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...
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.
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.
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.
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.
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...
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.
Analysis Article • Aug 17

CPFL Energia S.A. Just Beat EPS By 7.7%: Here's What Analysts Think Will Happen Next

BOVESPA:CPFE3 1 Year Share Price vs Fair Value Explore CPFL Energia's Fair Values from the Community and select yours...
Analysis Article • Jul 22

Pinning Down CPFL Energia S.A.'s (BVMF:CPFE3) P/E Is Difficult Right Now

With a median price-to-earnings (or "P/E") ratio of close to 9x in Brazil, you could be forgiven for feeling...
Analysis Article • Jul 01

We Think CPFL Energia (BVMF:CPFE3) Is Taking Some Risk With Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
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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.

Earnings and Revenue Growth Forecasts

BOVESPA:CPFE3 - Analysts future estimates and past financials data (BRL Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202844,2385,0855688,5476
12/31/202742,1535,5574778,0629
12/31/202637,3564,9765087,6493
3/31/202645,0545,7631,1876,597N/A
12/31/202544,3685,4841,8087,163N/A
9/30/202544,4805,4502,3957,865N/A
6/30/202544,0055,4072,7487,942N/A
3/31/202543,1185,3343,2188,356N/A
12/31/202442,6285,4581,7146,789N/A
9/30/202441,2225,4881,9366,792N/A
6/30/202440,3435,4712,0446,719N/A
3/31/202440,0705,6082,5937,085N/A
12/31/202339,7435,5274,4098,900N/A
9/30/202339,9405,3674,3348,934N/A
6/30/202339,9715,5284,7249,711N/A
3/31/202339,9065,5914,8399,984N/A
12/31/202239,3545,1003,7938,980N/A
9/30/202239,5375,0553,6398,398N/A
6/30/202240,7215,0492,2316,434N/A
3/31/202240,2094,9048214,820N/A
12/31/202139,2104,7482583,862N/A
9/30/202137,5644,4213903,596N/A
6/30/202134,1554,3561,8824,887N/A
3/31/202131,9043,6992,8805,517N/A
12/31/202030,8983,6433,6916,179N/A
9/30/202029,6473,5204,4126,921N/A
6/30/202029,6132,8603,5345,933N/A
3/31/202030,0872,9892,6054,909N/A
12/31/201929,9322,703N/A5,768N/A
9/30/201928,5972,466N/A3,749N/A
6/30/201928,9802,343N/A3,324N/A
3/31/201928,8892,218N/A3,218N/A
12/31/201828,1372,058N/A857N/A
9/30/201828,9101,912N/A920N/A
6/30/201828,5641,690N/A1,124N/A
3/31/201827,5811,378N/A1,299N/A
12/31/201726,7451,180N/A2,034N/A
9/30/201724,797859N/A3,978N/A
6/30/201721,796759N/A4,303N/A
3/31/201720,314875N/A4,558N/A
12/31/201619,112901N/A4,634N/A
9/30/201618,7801,067N/A4,914N/A
6/30/201618,9641,103N/A4,001N/A
3/31/201619,646967N/A2,989N/A
12/31/201520,599865N/A2,558N/A
9/30/201520,6631,073N/A1,167N/A
6/30/201519,938901N/A1,495N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPFE3's earnings are forecast to decline over the next 3 years (-2.7% per year).

Earnings vs Market: CPFE3's earnings are forecast to decline over the next 3 years (-2.7% per year).

High Growth Earnings: CPFE3's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CPFE3's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: CPFE3's revenue is forecast to decline over the next 3 years (-0.6% 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 (22.2%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/27 11:06
End of Day Share Price 2026/05/26 00:00
Earnings2026/03/31
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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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Learn about the world class team 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 17 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